TradingView makes OTC symbols available for live trading through its broker partners
TradingView has made OTC trading available through its broker partners — TradeStation, Interactive Brokers and Alpaca.
TradingView hopes traders embrace this opportunity to diversify their investment portfolio, but advises them to be aware of OTC specifics and associated risks.
Over-the-counter (OTC) is off-exchange trading, which happens through decentralized dealer networks, where brokers communicate directly with each other with the help of internal providers of volume and liquidity for OTC trading.
These types of stocks also carry several risk cases, such as outdated or misleading information about the company’s financial state and liquidity problems due to low volumes. This is still fully legit, but prepare your trades thoughtfully and be ready for high spreads that could mean your orders take longer to fill within a favorable price range.
OTC markets usually provide a wide variety of assets, and through TradingView you’re able to access stocks and ADRs. The broker integrations let you trade a generous number of them: 400 symbols on Alpaca, 15,886 on TradeStation and 7,742 via Interactive Brokers. That includes securities not available on traditional exchanges, like debt securities, ADRs and micro-cap growth companies.