What is the best online trading stock site to buy penny stocks?

July 17th, 2010 | by admin |
stocks
Mike asked:


I want to invest in penny stocks and mainstream stocks but some major online brokers dont offer penny stock trading. What do you use / think is the best?

Courtney

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    1. No Responses to “What is the best online trading stock site to buy penny stocks?”

    2. By Edward N. on Jul 18, 2010 | Reply

      ZVTK & MCLN look very promising.

      I used Scottrade to buy these, but in order to buy penny stocks you have to fund your account through a bank transfer or send them a check.

    3. By nathan2484 on Jul 21, 2010 | Reply

      the best site i personalty use is Sharebuilder.com all thought they don’t have a wide selection of penny stocks but they do have one of the lowest comition rates so that why i use them so i can maximize the tottal profit i make of my penny share investments

    4. By Common Sense on Jul 22, 2010 | Reply

      My favorite brokers are;
      ThinkOrSwim
      Interactive Brokers
      Tradestation
      TradeKing

      I use ThinkOrSwim mostly. Great platform with exceptional charting. Interactive Brokers is cheaper, platform is very hard to learn. Tradestation has a good reputation (not as god as TOS).

      You can trade penny stocks on any of them. They won’t even ask you the most important questions….. like;
      Do you have at least 5 years successful trading experience in larger cap stocks?
      Do you have exceptional trading money management skills?
      Are you exceptionally good with technical analysis?

      If you haven’t heard of these brokers;
      They are cositantly rated in the top 5 best on-line brokers.. year after year by Barron’s Magazine.

      Never place a trade unless you’re using a limit order (with any stocks below $10).
      If you don’t know what a limit order is…. you’re years away from being ready to trade penny stocks.

    5. By Max M on Jul 24, 2010 | Reply

      scottrade.com is best for both beginners and professionals.

    6. By keithsan on Jul 24, 2010 | Reply

      I use ameritrade has some bells and whistles. Before you start trading penny stocks you may want to read this article I found called should you buy penny stocks
      ?&id=3550452

      Good luck its a tough market

    7. By elke on Jul 26, 2010 | Reply

      RHB Investment Bank’s would be the best site to trade Malaysian stocks. Only site with stock screener for Bursa Malaysia to screen for Penny stocks.

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