Choosing a Penny Stock Broker:

As I trade penny stocks myself I know how time consuming the task of finding a broker can be. I have looked at many penny stock brokers that I thought would be suitable only to find later they have additional fees for trading penny stocks.

Not only do some deep discount brokers charge additional fees for trading penny stocks, many of them have a difficult to understand commission structure. I know it took me a while to get my head around some of them.

Many Stockbrokers don’t want the custom of penny stock traders as they often make considerably less money on these clients.

However, fortunately after all my searching and talking with many different brokers i’ve come across two good choices.

As you will see below, both Etrade and TDAmeritrade have flat rate commissions on penny stocks, with no extra hidden charges.

Personally, I use ETrade, mainly because they have no account minimum, whereas TD have a $2,000 minimum.

However, I have used TDAmeritrade in the past, and was extremely impressed with their software and customer service. They also offer their Apex service. This is like a reward scheme for active traders entitling them to a whole host of benefits including preferential customer support, free access to level II quotes, streaming news, special offers on hotels, airlines, electrical goods and much more.