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OTC Securities Trading
$0 Commission
Trading in OTC equity securities carries a high degree of risk and may not be appropriate for all investors. OTC equity securities may be “thinly traded” or more illiquid than exchange-traded securities, which tends to increase price volatility and impair your ability to buy or sell within a reasonable period of time without adversely impacting execution price(s).
Over-the-counter (OTC) refers to trading securities outside official stock exchanges like Nasdaq or NYSE. A wide range of securities can be traded over-the-counter, including common stocks, American Depository Receipts (ADRs), and even derivatives. ​Many companies choose to trade their shares over-the-counter because they cannot meet the listing requirements of official security exchanges or they are not willing to (or cannot) afford the listing fees of exchanges.​ The OTC market offers a place for large groups of unlisted companies to trade.
What is the Over-The-Counter Market?
Tiers of OTC Markets​

OTC markets are mainly divided into three markets—the OTCQX, OTCQB, and OTC Pink. The OTC QX ranks the first in high listing requirements, OTCQB the second.

OTC Market Tiers
OTCQX International​
OTCQX U.S.​
OTCQB​
OTC Pink​
Companies already listed on an international exchange (Not penny stocks, shell company, or in bankruptcy).​
Qualified smaller and growth companies (Not penny stocks, shell company, or in bankruptcy).​
Entrepreneurial and development stage U.S. and​ international companies (Not in bankruptcy).​
Companies of all development stages, including penny​ stocks, shell companies, and companies in bankruptcy.​
Types of companies​
Asset requirements; Current regulatory disclosures.​
Asset requirements; Current regulatory disclosures; Bid test.​
Current regulatory disclosures; Bid test.​
Low disclosure requirements.​
Listing requirements​
Trade OTCs with $0.00 commission*, no account minimums.​
OTC Markets: Real-time best bid & offer pricing for OTCQX, OTCQB, and Pink securities.​
Trade stocks, ETFs, options, index options and more, with one Webull account.​
Buy and sell large-cap ADRs, and small or micro-cap growth companies.​
Get instant market access and customize your trading with our free trading tools.​
Level up your market knowledge and learn about investing with free online courses on Trading.​
Why trade OTCs with us?​
Webull currently supports trading in about 500 OTC securities. More OTCs are coming.​
OTC
Symbol/Name
% Change
Last Price
High
Low
Volume
% Range
P/E
Market Cap
Federal Nat
FNMA
0.00%
2.81
2.9000
2.8000
3.03M
+3.56%
-1170.8333
3.25B
Didi Global Inc
DIDIY
-1.61%
4.88
5.0000
4.8800
2.52M
+2.42%
+179.4118
23.87B
Tencent Holdings Limited
TCEHY
-4.12%
53.04
53.1000
52.8400
749.55K
+0.47%
+20.8729
491.55B
Rolls Royce Holdings Plc
RYCEY
-2.69%
7.24
7.3600
7.2300
423.69K
+1.75%
+20.6798
61.58B
Nintendo Co Ltd
NTDOY
-2.29%
14.95
14.9800
14.8600
338.59K
+0.78%
+30.6290
69.62B
Alstom
ALSMY
+4.55%
2.30
2.3200
2.2700
295.50K
+2.27%
-32.3034
10.61B
Netlist
NLST
+4.75%
0.97
0.9700
0.9200
237.60K
+5.40%
-4.5561
263.69M
Wal-Mart De Mexico S A De C V
WMMVY
+0.14%
28.35
28.5500
28.0600
222.15K
+1.73%
+18.1428
49.50B
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Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Webull Financial LLC is a member of the Financial Industry Regulatory Authority (FINRA), Securities Investor Protection Corporation (SIPC), The New York Stock Exchange (NYSE), NASDAQ and Cboe EDGX Exchange, Inc (CBOE EDGX).

Webull Financial, LLC is a CFTC registered Futures Commission Merchant and NFA Member. Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement and other relevant Futures Disclosures located at www.webullbrokers.net/fcm-disclosures.aspx prior to trading futures products. Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC).

Advisory accounts and services are provided by Webull Advisors LLC (also known as "Webull Advisors"). Webull Advisors is an Investment Advisor registered with and regulated by the SEC under the Investment Advisors Act of 1940. Registration does not imply a level of skill or training. See additional information on the Disclosures webpage. Trades in your Webull Advisors account are executed by Webull Financial LLC.

Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 in any cash awaiting reinvestment). An explanatory brochure is available upon request or at www.sipc.org. Webull Financial LLC’s clearing firm Apex Clearing Corp has purchased an additional insurance policy. The coverage limits provide protection for securities and cash up to an aggregate of $150 million, subject to maximum limits of $37.5 million for any one customer’s securities and $900,000 for any one customer’s cash. Similar to SIPC protection, this additional insurance does not protect against a loss in the market value of securities.

Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.

All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing.

Diversification does not eliminate the risk of experiencing investment losses. Margin trading increases risk of loss and includes the possibility of a forced sale if account equity drops below required levels. Margin is not available in all account types. Margin trading privileges are subject to Webull Financial, LLC review and approval. Leverage carries a high level of risk and is not suitable for all investors. Greater leverage creates greater losses in the event of adverse market movements.

Investors should be aware that system response, execution price, speed, liquidity, market data, and account access times are affected by many factors, including market volatility, size and type of order, market conditions, system performance, and other factors. Market volatility, volume and system availability may delay account access and trade executions.

Free trading of stocks, ETFs, and options refers to $0 commissions for Webull Financial LLC self-directed individual cash or margin brokerage accounts and IRAs that trade U.S. listed securities via mobile devices, desktop or website products. A $0.55 per contract fee applies for certain index options and a $0.10 per contract fee applies for oversized option orders. Relevant regulatory and exchange fees may apply. Please refer to our Fee Schedule for more details.

No content on the Webull Financial LLC website shall be considered as a recommendation or solicitation for the purchase or sale of securities, options, or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.

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