Stocks, especially penny stocks, will drop just as often if not more often than they go up. You buy $1,000 of a penny stock at $1.00 - oh, turns out you bought at the top of the pump and dump and one day later it drops to $0.30 - suddenly you're down 700$ Best Online Brokers for Trading Penny Stocks. TD Ameritrade - $6.95 per OTCBB trade. Fidelity - $0 per trade. Charles Schwab - $0 per trade. Interactive Brokers - $.005 per share. TradeStation - $0 per trade (up to 10,000 shares) Some consider anything trading under $5 to be a penny stock, while others put the cutoff at $3 or $1. Because penny stock trades typically involve a large number of shares, it’s usually best to skip brokers with a surcharge and look instead for a broker that charges a flat commission. The best brokers for penny stock trading don’t tack on any additional fees for trading a high volume of low-cost stocks. Charles Schwab offers the most reasonable penny stock rates of any broker. It’s also a great platform to expand your portfolio outside of penny stocks, too.
I'm looking to get into Penny Stocks and wanted a good broker which will have stocks like td-ameritrade is my go to.. be careful, this stock may rob you blind. Ive pretty much only invested in penny stocks and I'm +$1,500 for All time. $1,500 in a year isn't very good, but I downloaded RH just to keep myself from playing
If you have a 401k and you’re young, choose a 75/25 stocks/bonds split and leave it alone. Don’t even look at it again until you’re 5 years from retirement. Let the pros handle that. If you are actively trading in the market, do exactly that. Be active. Now is a great time to buy stocks. Yes the market may take another dip.
Best Online Brokers for Trading Penny Stocks. TD Ameritrade - $6.95 per OTCBB trade. Fidelity - $0 per trade. Charles Schwab - $0 per trade. Interactive Brokers - $.005 per share. TradeStation - $0 per trade (up to 10,000 shares) Some consider anything trading under $5 to be a penny stock, while others put the cutoff at $3 or $1. Because penny stock trades typically involve a large number of shares, it’s usually best to skip brokers with a surcharge and look instead for a broker that charges a flat commission.
r/stocks: Almost any post related to stocks is welcome on /r/stocks. Don't hesitate to tell us about a ticker we should know about, but read the … If you have a 401k and you’re young, choose a 75/25 stocks/bonds split and leave it alone. Don’t even look at it again until you’re 5 years from retirement. Let the pros handle that. If you are actively trading in the market, do exactly that. Be active. Now is a great time to buy stocks. Yes the market may take another dip. While many brokers offer penny stocks, some add a surcharge to stocks that trade below a certain dollar level or volume restrictions that bump up the price for large orders. Best for Penny Stocks