Top 10 Online Brokers Review
 

For someone who is just starting to trade penny stocks, picking the best online broker is very important and is worth spending a little extra time comparing brokers side by side. What you will find is a pretty broad spectrum of commissions, quality of trading tools and quality of customer service.

You need to make sure that you have enough amounts of money in your account to afford an online broker before you work any one of them. You can select from the specific categories of brokers as your desire depending on your penny stock requirements. Here we will discuss about the top ten online penny stock brokers.

Zecco has made great strides in the penny stock brokerage category. They offer 10 free trades per month if you have more than $25000 in your account or make more than 25 trades per month. If your account isn't that large or you trade less frequently you still get a great deal of $4.50 per trade.

Scottrade is another discount broker in the growing list of brokers. This broker is great for trading penny stocks because of its commission structure. That is of course once you understand the structure.

E* Trade would charge you around $12.99 for both limit and market orders. This includes all the penny stock trading and all OTCBB stocks for $1 or less. You must have at least $1000 in your account to register with E *Trade and you may need to pay 40% quarterly fee for getting their special services.

Fidelity would charge you around $19.95 for both limit and market orders which include all the penny stocks. You need balance of $2500 in your account to register with them. There is no quarterly or annual fee for them.

Nobel trading need account balance of $500 with the margin account of $2000. They charge $7.95 as online penny stock trade commission and $14.95 as broker assisted penny stock trade commission. Currently they offer 4 choices of software to help you in penny stock trading.

Charles schwab is on the top position in the discount brokers’ world yet they are not the cheapest. They charge you around $19.95 and additional $0.015 for all penny stock shares is applicable for both limit and market orders.

Some other good penny stock brokers include Share builder, Low trade, Ameritrade etc.