Looking into investing in penny stocks? You are certainly not alone! Penny stocks are a hot thing that many experienced investors are working with. However, it is not easy to invest in penny stocks, as you really have to know what you’re doing. (This is of particular importance with these kinds of stocks as they are by their very nature high risk!) One very important factor in your penny stock investment is your broker. Choosing the right penny stock brokers may be a little complicated, but it can really make the difference between whether you earn some decent cash or whether you lose a big chunk of your savings. This article will give you two penny stock broker recommendations: valuable information in such a difficult market.
Unfortunately, penny stock brokers are not plentiful and are often hard to find, especially good brokers. This is because a lot of brokers don’t want you to buy penny stocks, since brokers make very little money off them. To make money, many brokers will charge extra fees. And for you to make money, you have to keep your trading costs down as well. It is an already risky business investing in penny stocks, so you don’t want any more obstacles and money suckers like greedy penny stock brokers cutting heavily into your earnings.
There are some good options though. One of the best penny stock brokers, which is consistently recommended by experts in the industry is ChoiceTrade. Their fees are the lowest of all, and investors have reported that they have excellent trade execution. They are not expensive compared with other penny stock brokers, who will often charge even more extra fees if the stocks are low priced. For example, some stock brokers will review stocks priced under $1 and charge $0.01 more per share for those stocks. ChoiceTrade is one of the very few brokers which does not charge you extra for penny stocks.
Another highly recommended penny stock broker to consider is Scottrade. They have been the leader in the stock brokerage industry for over 25 years, and for good reason. They offer a wide variety of investment options for any kind of investor. They’ve been known to keep customers happy and also avoid unnecessary extra fees like after-hours trading, IRAs, account maintenance, large orders, or inactivity.
Scottrade may be a good choice for the beginner investor, since that is the stage where it is especially important to avoid extra fees. It is a stable stock broker that has a good reputation, and with which you can avoid paying extra fees like the $10+ for trades with other established brokerage firms.
By now you understand that it is crucial to choose your penny stock broker wisely. These recommendations are meant to steer you in the right direction, but as ever, I recommend you do your own research on the matter. So, penny stock fans, invest wisely (and make sure that penny stocks make up no more than 10% of your portfolio!). Read the 10 secrets of trading penny stocks here.
For more information on penny stocks, go to:
en.wikipedia.org,
sec.gov
Another highly recommended penny stock broker to consider is Scottrade. They have been the leader in the stock brokerage industry for over 25 years, and for good reason. They offer a wide variety of investment options for any kind of investor. They’ve been known to keep customers happy and also avoid unnecessary extra fees like after-hours trading, IRAs, account maintenance, large orders, or inactivity.
Scottrade may be a good choice for the beginner investor, since that is the stage where it is especially important to avoid extra fees. It is a stable stock broker that has a good reputation, and with which you can avoid paying extra fees like the $10+ for trades with other established brokerage firms.
By now you understand that it is crucial to choose your penny stock broker wisely. These recommendations are meant to steer you in the right direction, but as ever, I recommend you do your own research on the matter. So, penny stock fans, invest wisely (and make sure that penny stocks make up no more than 10% of your portfolio!). Read the 10 secrets of trading penny stocks here.
For more information on penny stocks, go to:
en.wikipedia.org,
sec.gov
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