Best place to trade penny stocks?

Question

Hey guys wheres the best place to trade penny stocks? Lowest commisions, lowest fee's.. anyoen know a good place?

Answer 1

be careful - any stock priced under $5.00 per share and NOT listed on one of the major exchanges might be subject to manipulation, high volatility and possible fraud (it might be a fake stock), plus you may not be able to sell it as easily as a major stock when you want to get rid of it - watch the movie Boiler Room sometime

Answer 2

Any online broker. The real question should be though, whats the reason for penny stocks. Unlike shopping for a shirt, cheap stocks, are not necessarily on sale and probably reflect an inherent problem their business.

Penny stocks are notoriously easily maniupalated and have weak balance sheets.

People are drawn into them because they start with a small amount of money to invest and think, Geez I can 10,000 shares of the stock, with 1000 dollars. Well, you are better off, buying 10 shares of a quality company with a strong balance sheet. There are get rich quick schemes, or gifts on wall street. Buyer Beware of penny stocks.

Answer 3

There's no good place to trade penny stocks, most reputable firms do not encourage their clients to invest in them and do what they can to discourage trading in them.

Many firms do everything they can to discourage penny stock traders from using their platforms, but some will tolerate it.

Here are some website that may be of some help to you

http://www.smallcapinvestor.com/

http://www.stockwire.com/

http://alphaking.com/

http://www.otcstockexchange.com/

http://www.mcapstocks.com/Default.asp

http://www.pinksheets.com/pink/quote/ind...

http://ragingbull.quote.com/cgi-bin/stat...