What Broker Should I Trade Penny Stock With?

// June 5th, 2010 // Finance

Want to trade penny stock? Here’s a list of the best brokers:

1. Zecco offers trades at $4.50 each and 10 free trades per month on accounts over $2,500. No account minimum, sign up quickly without excessive paperwork and there are no inactivity fees.

2. Low Trades is very much a discount broker. They offer the bare bones and low commissions as a result. Commissions are $4.95 per trade. Horrible inactivity fee of $50 But only need to trade twice a year to avoid fees. Real time streaming quotes cost extra for these. No minimum account balance.

3. Scottrade charges $7 commission per trade plus on penny stocks they charge an additional 0.5% of the value of stock purchased. Scottrade has a minimum account size of $500, but no inactivity fees.

4. Sharebuilder commissions are $9.95 per trade with no account minimums and no inactivity fees.

Leave a Reply