Penny stocks on DEGIRO are publicly traded shares priced below $5 per share, with their availability depending on the exchange they are listed on. While DEGIRO does not support trading in US Over-the-Counter (OTC) markets or American Pink Sheets—where many low-priced stocks are found—it does offer access to popular exchanges like the London Stock Exchange (LSE), NASDAQ, NYSE, and various European markets that feature penny stocks.
For penny stocks on the LSE, DEGIRO displays trading prices in pence (GBX), where 100 GBX equals £1. Additionally, DEGIRO eliminates the annual Exchange Connection Fee for the LSE, significantly reducing trading costs. This feature makes DEGIRO a cost-effective choice for new or casual traders interested in exploring penny stocks.
To locate penny stocks on DEGIRO, start by using a stock screener to identify suitable options before searching for them directly on the DEGIRO platform.
Are there penny stocks on DEGIRO?
Traders can invest in penny stocks on DEGIRO. Penny Stocks on DEGIRO are considered publicly listed stocks with a market value below $5 per share. The availability of Penny Stocks stocks on DEGIRO depends on the specific exchange they are traded on and whether DEGIRO provides access to that exchange.
While some penny stocks are available on DEGIRO, it’s important to note that certain markets, such as the American Pink Sheets and US Over-the-Counter (OTC) markets, are not supported. This means that although DEGIRO allows trading in low-priced publicly listed stocks, access to certain types of penny stocks, especially those traded on OTC markets, is not possible on this platform.
DEGIRO penny stocks: where can you find them
To find penny stocks on DEGIRO you have to follow three steps. First, look for penny stocks using stock screeners. Second, select the penny stocks you want to invest in and look for them on DEGIRO using their ticker codes. Finally, place your buy order on DEGIRO by selecting type, price, and quantity, ensuring all details are correct before confirmation.
First, find the share you wish to trade. To find a share to trade, start by identifying a suitable stock using the Finviz stock screener. Apply filters such as “under $5” to locate penny stocks, and add criteria like “average volume” to ensure the stock has sufficient liquidity for easier trade execution. This screener allows you to quickly compare and sort stocks. Once you’ve identified the stocks you like, note their ticker codes.
Here we will guide you through an example on how to find penny stocks. Images are just for demonstration purposes, the share we select is a random pick and should not be taken as investment advice.
Second, look for the penny stock on DEGIRO. Open the DEGIRO platform and search for the stock in the trading platform by inserting the ticker code on the search bar.
The third step is to place the order on DEGIRO. You should now see two buttons, green for buy, and red for sell. Here you can enter the order type, price you are willing to pay, and the number of stocks you want to buy. This will then present you with the total amount due and you can set if your order should expire at the end of the day, or stay open indefinitely until executed at your set price or not. When you are ready you can click the blue button “Place order”. A final page will appear when you can run over everything to make sure the details are right before confirming and having the platform execute the trade.
How do DEGIRO penny stock work on the LSE?
The DEGIRO penny stock work on the London Stock Exchange (LSE) by trading in GBX, which is short for Penny Sterling, where 100 GBX equals £1. This means that stock prices on the LSE are displayed in pence rather than pounds.
When trading penny stocks on DEGIRO via the LSE, you benefit from the absence of the Exchange Connection Fee, which is an annual fee charged for accessing other exchanges. This fee waiver makes trading more affordable and is particularly advantageous for newer traders or those trading casually.