Minimums on penny stocks

[SUS]

Someone told me that there is normally a $10000 minimum on buying penny stocks. Just wanted to ask how true that statement is?

[FB Coach13]

I just bought $800 of a penny stock Thursday.....through my broker.....its symbol is mslp....its name is musclepharm....so i would say not true

[SUS]

Ty

[savage1]

Someone told me that there is normally a $10000 minimum on buying penny stocks. Just wanted to ask how true that statement is?

The statement is absurd.
I have invested in many penny stocks over the years and in a few cases invested even under $100 at one time.
The most important thing is to be sured that you don't get ripped off in commissions.
I currently pay $7.95 for a commission for any stock of any value, and it has nothing to do with how much I invest, how many shares I buyt and whether it is a penny stock or not
If you mean that the total value of your account aside from penny stocks has to be at least $10K, well then that may be different depending on the brokerage house.