I’m unable to trade penny stocks in Youth account
Here’s a summary of the main issue and solutions discussed:
- Main Problem: Ethan is unable to trade penny stocks with his newly set up Fidelity Youth account.
- Solution Provided: Fidelity confirms that Youth accounts currently have restrictions on trading penny stocks.
- Feedback to Developers: Fidelity will pass along Ethan’s feedback for consideration by their developers.
- Additional Resource: Ethan is encouraged to check the Fidelity Youth account FAQs for more information on trading limits.
Here’s the full thread
I’ve gotten a youth account setup but when I went to make my first trade, it’s saying I’m unable to trade penny stocks. Is there any way to enable them?
Thank you for reaching out to us today, and for opening a Fidelity Youth account. Welcome to Fidelity.
At this time, Fidelity Youth accounts are restricted from placing penny stock trades. I’ll pass along feedback for you to have our developers look into this. In the meantime, please check out our Fidelity Youth account FAQs “Investing, trade, limits” section to learn more what is available.
Fidelity Youth™ FAQs: https://www.fidelity.com/go/youth-account/faqs
If you have any further questions, please let us know. We’ll be here to help. 🟢