OTC stands for Over-the-Counter, which refers to trading that takes place outside an exchange.
1. Tradable OTC Underlying
Currently, the tradable OTC underlying is U.S. stocks, and the transaction types are opening and closing positions of OTC stocks in OTCQX, OTCQB and Pink markets.
Note: Due to risk control and other reasons, the availability of some particular stocks for trading may subject to change.
2. Account Types
Margin accounts and cash accounts.
3. Trading Hours
Day orders: orders may be placed and filled between 9.30am - 4pm (EST);
GTC orders: orders may be placed beforehand but filled between 9.30am - 4pm (EST).
4. Margin Trading and Short Selling
Financing is available with a 100% margin.
Most OTC stocks are not available for short selling. To check whether an OTC stock is available for short selling, please refer to the stock info page of the Tiger Trade APP.