Question: I am looking to trade penny stock online. Help with finding a good broker!?
All the stock I would be trading would be valued at under 1 penny per share. And I would be putting on about $500. Any suggestions on good sites/brokers?
Answer:
zecco, i've opened an account with them and i'll be investing £2000 by next month :p
what i like about them is that they have a community where you can talk to people, get tips etc
You have to select a broker that has a low account opening balance and a low commission per trade. Below you find some links to compare online brokers. However, trading in penny stocks is the riskiest type of investment you can make, because those stocks are usually of companies that have no or just a minimal amount of revenues, no earnings and no net worth. 90% of all these companies do not survive past the 5th year and you lose all your money therein.
http://www.consumersearch.com/online-bro…
http://low-cost-brokers.com/broker-list.…
http://low-cost-brokers.com/
http://www.msmoney.com/mm/investing/arti…