Since when has there been a $100 minimum order in effect? I started an account with tradeking becuase it was not only supposed to be a pretty good place to buy stocks through online, but it was also supposed to be on of the least expensive ways to go.... how is imposing a $100 minimum order keeping this a low cost option? I realize it may not be much to some but to a beginning investor who has only $300 to get started with that is a big chunk of funds to have to dump in one place. Im afraid having to call the 877 number for some stocks is going to become an inconvenience as well.
I just tried purchasing 50 shares of a stock with a good till cancel limit of .36 (current bid is .35) and received an error message telling me "for your security, certian symbols may only be traded with a broker. Please call us at 877-495-5464 to place this order". I then tried to put in a good till and a day order for some shares of another stock with a limit set at .47 and the message I received was "Due to the additional cost of mantinence on pink sheets and otc-bb securities, we require a minimum purchase of $100 for each trade" .... since when? on 8/15 I placed an order for a total of $90.45.
I tried checking the news section on the site to see if there was any info on this sudden $100 requirement for trades but couldnt find anything. Anyone know what is going on with this? If I am going to be required to do minimum order amounts I may have to start up an account with another online company that will allow me to continue to do smaller order amounts.