What happens to my stocks if a company is delisted?
When a company is delisted, its stock no longer trades on one of the major stock exchanges but you still own the same percentage of the company as before. Often when a stock delists from the major exchange it trades Over the Counter (OTC), however this is not true in all cases and in some cases your investment may be lost.
If a stock delists and now trades OTC, we will make the OTC instrument available to you to sell your full position. There will be no market data within the app and as such, the estimated share price is set to $0.01. The execution price will vary in line with the market and as such will differ greatly from the estimated price. Once we receive an instruction from you to sell, we aim to have the trade executed within 2 working days.
If we don't receive an instruction from you, the stock will remain in your portfolio but only with indicative prices.
Getting started with trading
- How do I open a trading account?
- What types of trading accounts are supported?
- Funding my investment account
- Why should I provide information about my income and occupation to trade?
- How do I submit documents?
- I am associated with another broker-dealer. Can I still open a trading account?
- I don't have an SSN, can I still open an account?