Here we look at Penny Stock Brokers. We look at factors such as cost per trade, minimum account size, inactivity fees and much more.

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They also have a special promotion at the moment where they give you 90 days free trading. They have no hidden charges either, you can even trade for the phone for no extra cost.

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They are one of the best brokers for penny stocks. There are many funding options including credit card and bank wire. They are ideal for small traders as well as larger traders as Suretrader do not have the PDT rule. Not that I recommend using it, Suretrader offer 6: Click here to visit SureTrader. TD Ameritrade are a popular stock broker, with competitive pricing.

Choosing a penny stock broker is very important, as it can have a profound affect on your trading results. We have put together some of the main factors I believe you should consider when choosing a penny stock broker:.

This is the most obvious consideration when choosing a broker. Fees can range massively between different brokers.

The cost per trade is more important for traders who make a large number of trades. If you only intend to buy a handful of stocks and hold them for several years, the cost per trade is unlikely to have a significant impact on your bottom line.

This is a fancy way of saying trading over the phone. Some traders prefer a broker to have in depth training on how to invest their money.

Trading, Investing & Retirement | Scottrade

Personally, this brokers trade penny stocks not something that interests me. There are many sources online that provide tutorials on stock trading, including this site! If the broker spends money on creating training material, this may be reflected in the price they charge. Some brokers offer trading communities where you can share ideas with other traders. This can be best dividend stocks for retirement income for helping improve your knowledge and understanding what to buy binary options stock trading.

However, this said, I would be very careful about taking trading advice from others. Online communities can be a great resource when used wisely, but always remember, many of the traders who contribute to these forums and communities are not making money yet, so taking specific trading advice from them may not be suitable.

If you are a large trader, this is unlikely to ever be an issue. Last on the list but certainly not least. The platform is a very important consideration when choosing a broker. Some platforms are clearly aimed at the new trader whilst others are aimed at the more advanced trader. It is essential brokers trade penny stocks you fully understand how your brokers platform works before trading with real money.

Many brokers, including the brokers mentioned here, let you trade a virtual account. This lets you get used to the trading platform with pretend money. Take your time and have a play with the virtual account, so you are fully prepared when you begin trading with real money. Your email address will not be published. Copyright - - howtotradestocks.

How To Trade Stocks Stock Trading Basics Stock Trading Tutorial Online Stock Brokers Discount Stock Brokers Simulated Stock Trading Stock Broker Reviews Stock Trading Strategies IRA and k FAQ. Leave a Reply Cancel reply Your email address will not be published. For anyone who likes shorting penny stocks, they have some of the best borrows. Click here to visit SureTrader TD Ameritrade TD Ameritrade are a popular stock broker, with competitive pricing.

TD Ameritrade have no inactivity fees, no account maintenance fees and no transfer fees.

We have put together some of the main factors I believe you should consider when choosing a penny stock broker: Cost per Trade This is the most obvious consideration when choosing a broker.

Training Some traders prefer a broker to have in depth training on how to invest their money. Trading Community Some brokers offer trading communities where you can share ideas with other traders. Minimum Account Size If you are a large trader, this is unlikely to ever be an issue. Platform Last on the list but certainly not least.