Penny Stock Brokers
Are you looking for a penny stock broker? You have come to the right place. I personally buy and sell penny stocks and very quickly became fed up of so many brokers charging extra fees for these stocks.
As you may be aware, even many of the trusted reputable penny stock brokers charge extra fees for stocks priced less than a certain amount, commonly $1 or $2.
These extra fees make it very difficult to be successful trading lower priced stocks.
Penny stocks are generally defined (at least by the SEC) as stocks priced less than $5.
Fortunately, after spending a lot of time searching, I have found a few of the best brokers for penny stocks.
My first choice is . In my view this is the best penny stock broker. They charge from just $7.95 per stock trade. The fee is the same completely regardless of the price of the stock. A stock could be 20 cents or it could be $100,000 the charge is still $4.50.
However, make sure you place your trades with them online. Trading over the phone (broker assisted trading) is much much more expensive and should be avoided at all costs.
They also have a have a promotion on at present where you deposit $2,000 into a trading account, you can get free stock trades for 60 days.
All the data for these online penny stock brokers is correct at the time of writing. I do my best to keep them up to date. If you notice an error please let me know. Thanks!
| Broker | Cost Per Trade | Min Account Size | Inactivity Fees | Fees for Penny Stocks | Broker Assisted Trades |
| OptionsHouse | $2.95 | none | None | $0.01 per share if priced under $2** | $2.95 |
| Low Trades | $4.95 | none | $50/6 monthly | Big Order Charge – 100K+ shares, 1%*** | $25 |
| Optionsxpress | $14.95 | None | None | $14.95 or 5% of total order, whichever is highest | $14.95 |
| TradeKing | $4.95 | none | none | $0.01 per share if priced less than $1**** | $4.95 |
** Optionshouse charge a flat fee of $2.95, plus $0.01 per share, if the stock is priced under $2.
*** LowTrades charge a fee of $4.95 per trade, plus $0.01 per trade, Only if more than 100,000 shares are purchased. So this broker might be an option, but hardly ideal.
**** TradeKing charge a fee $4.95 per trade if the stock is priced more than $1. If the stock is priced less than this, there’s an additional charge of $0.01 per share purchased.