| There
are many factors to consider when choosing a broker. One of
the most important is finding a broker that gives you the
freedom to watch and trade your investments with the lowest
commission’s possible. This is critical when investing in the volatile world of penny
stocks.
Another important consideration is the restrictions
a broker might have on penny stock trading. Avoid brokers
that don’t allow trading of securities on the Pink Sheets
or OTCBB, have minimum or maximum trade volume limits, don’t
allow trading for securities under $1.00, or increase their
commissions on penny stock trades. Also be sure to know your
broker’s limit order commission rate because the use
of limit orders
are extremely important when trading penny
stocks.
Top Discount Brokers for Penny Stock Trading.
Here
is a list of some quality discount brokers
for investors interested
in trading penny stocks. Phone
numbers are also included for up to the minute information
on trading policies and procedures.
Note: This is only a few of many possible brokers that can
handle penny stock trades.
* This is NOT an
all-inclusive list.
TD Ameritrade
Phone: (800) 669-3900
E*Trade
Phone: (800) STOCKS5
Freedom
Investments
Phone: (800) 381-1481
InvesTrade
Phone: (800) 498-7120
National
Discount Brokers
Phone: (800) 888-3999
Tradestar
Investments
Phone: (800) 961-1500
Web
Street Securities
Phone: (800) WEB-TRADE
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