Listed are five of penny stock trading’s most popular online brokers:
Interactive Brokers lets you trade on over 80 different exchanges and market centers in 19 countries. Equity trades are just $.005 per share with a minimum of $1.00 and a maximum of .5% of trade value. At Interactive Brokers, Stock Trades* are just $2.50, no charge for Options Base*, Options Contract* are just $0.75, and the Minimum Deposit is higher than your typical onine broker: $10,000.00.
One of the few online brokers offering flat per contract options trades with no base fees, MB Trading earned a 4.5 out of 5 star rating in Barron’s 2011 Review of Online Brokers, tying for the top spot overall. With MB Trading, Stock Trades* are just $4.95, no charge for Options Base*, just $0.95 per Options Contract*, all for a Minimum Deposit of just $1,000.00.
TD Ameritrade is also the operators of thinkorswim, one of Timothy Sykes favorite brokers for shorting stocks with. Promotions run rampant at TD Ameritrade with offers like trading free for 60 days and up to $600 cash with any new account.They also have over 100 commission free ETFs. With TD Ameritrade, Stock Trades* and Options Base* are $9.99 with a Minimum Deposit requirement is just $2,500.00.
E*TRADE is another highly promotional online broker who sometimes runs offers which allow you to trade for free your first 60 days (up to 500 free trades) with any newly funded account of atleast $2,000. Rated the #1 Online Broker by many penny stock traders, E*TRADE offers Stock Trades* and Options Base*for as low as $7.99 with a Minimum Deposit requirement of just $500.00.
Once the best online trading platform for pink sheet stocks, Zecco offers $4.95 Stock Trades* and Options Base*while also offering Zecco Share Community, home to over 200,000 traders, sharing investment research and ideas. Options Contract* are $0.65 and there is no Minimum Deposit.
Click here to get a list of the best penny stock brokers to choose from.
* For stock trade rates, advertised pricing is for standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply. Pricing and rates are based on basic services and are believed to be accurate, but are not guaranteed. The AimHighProfits.com staff is constantly working with its online broker representatives to obtain the latest pricing data.