Best Online Brokers For Penny Stocks

With so many different types of online stock brokers available to investors it can be tough to choose one that works best for you.

Best online brokers for penny stocks. The best penny stock brokers allow trades of unlimited shares without additional fees but a few charge more for large orders. However e trade web offers the most streaming web data and real time quotes with an analyst research stock. Best penny stock brokers for costs. Charles schwab offers the most reasonable penny stock rates of any broker.

2020 is expected to be a huge year for penny stocks. That s why we put these u s based online brokers through a. But active penny stock traders will want to lean most on the desktop version which comes with news charts and trading at your fingertips. Interactive brokers charges 0 005 per share in commissions based on a 1 minimum and caps commissions at 0 5 of the trade value.

Best for penny stocks our list of the top five brokers for. If you choose per share pricing which is best for frequent traders who trade in small blocks pricing starts at just one cent per share with a 1 minimum per trade. Interactive brokers merrill edge and charles schwab all cater to penny stock traders who are fee conscious by providing low commissions costs. Here s how we tested.

Online brokers come in different flavors from deep discount to full service while others are known for their trading tools or research. E trade has long been at the top when it comes to online trading platforms but with penny stocks it truly has some innovative risk assessment tools to help traders headed into these volatile markets you can use power e trade without any account minimum to start trading penny stocks. The best brokers for penny stock trading don t tack on any additional fees for trading a high volume of low cost stocks. For example tradestation s 0 commission.

Here s how we tested. It s also a great platform to expand your portfolio outside of penny stocks too.