: Check a company’s "Investor Relations" page for a DSPP or contact their transfer agent, such as Computershare .
There are two main ways to buy shares without a traditional full-service broker, though these are rare for penny stock issuers:
: You must already own at least one share to enroll, and many penny stocks do not pay dividends. The Role of Online Brokerages
For most "DIY" investors, "buying without a broker" actually means using a rather than a human advisor. How to Buy Penny Stocks Without a Broker - wikiHow
: Mostly offered by large, established companies (e.g., Walmart, Coca-Cola) rather than the small, speculative companies typical of the penny stock market.
: These automatically use cash dividends to buy more shares.
: These allow you to buy shares directly from a company via its transfer agent.
While it is technically possible to buy certain stocks without a broker, doing so with is difficult and often impractical. Most penny stocks trade on over-the-counter (OTC) markets, which generally require a broker-dealer to access. Direct Purchase Alternatives
