Penny Stock Brokers - 10 You May Want to Look At

Posted by: 0 in Untagged  on Feb 14, 2011

Now that you have subscribed to our exclusive penny stock alert service, you are going to need a broker. Like all things, not every penny stock broker is equal. Some will offer different research packages while others will require more experience in trading. No matter what your investing IQ is, here are ten brokers that will put you on the right track:

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1 - Etrade

Easily one of the most recognizable discount brokers in the world, Etrade offers a wealth of options for any kind of investor. With a low commission structure it is easy to recommend to the novice investor.

Website - http://www.etrade.com

2 - TD Ameritrade

Another discount broker, TD Ameritrade offers a wealth of tools to both the novice and advanced trader. They also offer a flat-rate commission structure which is beneficial to penny stock investors.

Website - http://www.tdameritrade.com

3 - Thinkorswim

Easily one of the highest rated brokers out there, Thinkorswim also offers up the ability to short penny stocks. Why make money on just the upswing when you can capitalize on both positive and negative trends.

Website - http://www.thinkorswim.com

4 - Interactive Brokers

Like Thinkorswim, Interactive Brokers offers the ability to short penny stocks. However it should be noted that Interactive Brokers user interface is one of the hardest to learn. Novice traders should be aware of this, while advanced traders may like the added feature set.

Website - http://www.interactivebrokers.com

5 - Charles Schwab

Charles Schwab is one the oldest standard bearers of the investment community. While it lacks the panache of some of its competitors, Schwab still ranks in the top tier of all brokers. Plus you get the added bonus of having access to some of their premier investing products.

Website - http://www.schwab.com

6 - Sogotrade

SogoTrade is an online discount stock market brokerage firm based in New York City that deals in shares of stock and Exchange-Traded Funds (ETF). This is one of the newer discount brokers and is used quite extensively by penny stock investors.

Website - http://www.sogotrade.com

7 - Zecco

Zecco is another one of the newer discount brokerages but they have a special offer of free trades. The catch is you have to have a balance with them over 25K. So for most beginning traders this isn't possible, but their commission structure is competitive with the rest of the brokerage field.

Website - http://www.zecco.com

8 - TradeKing

Another high rated broker TradeKing is a perennial winner in customer service surveys. Offering a robust platform and a competitive commission structure, it may be a good place to start in the world of penny stocks.

Website - http://www.tradeking.com

9 - SpeedTrader

The name says it all. Speed. Fast executions are the name of the game at this broker. If you are looking for an all encompassing feature set this is not the place for you. If you are a trader that has all that covered and just want fast executions then this is the broker for you.

Website - http://www.speedtrader.com

10 - Scottsdale Capital

Though not know as a flashy online broker, Scottsdale is one of the old guards - doing what they do and doing it well. You won't see a talking baby but you will get a solid experience from this broker.

Website - http://www.scottsdalecapital.com

While not a comprehensive list, this will certainly get your research started into finding he broker that fits your style and preferences. Whether that is the flashiness of etrade or the understated effectiveness of Schwab there is a broker out there for you. Make sure you are signed up for exclusive penny stock alert service so you can give your newfound broker a try.