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

by David Jenyns on July 3, 2011

Question by Mike Hwyake: What is the best online trading stock site to buy penny stocks?
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?

Best answer:

Answer by Edward N.
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.

Know better? Leave your own answer in the comments!

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nathan2484 July 3, 2011 at 11:22 am

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

Common Sense July 3, 2011 at 11:55 am

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.

Max M July 3, 2011 at 12:53 pm

scottrade.com is best for both beginners and professionals.

keithsan July 3, 2011 at 1:32 pm

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

http://ezinearticles.com/?Should-You-Buy-Penny-Stocks?&id=3550452

Good luck its a tough market

elke July 3, 2011 at 1:56 pm

RHB Investment Bank’s http://www.rhbinvest.com 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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