![]() ![]() ![]() Since they are based in the Bahamas you don’t have to worry about the Pattern day trader (PDT) rule.įor those not familiar with the PDT rule, it is a rule in the USA that if you buy and sell the same stock or option on the same trading day four or more times within a period of five trading days, you will be considered a pattern day trader.ĭay traders are required to maintain $25,000 equity in their brokerage account at all times. What I like about SureTrader is that you don’t need 25k to day trade, you just need 2k. They offer a really good value, offering a commission for only $4.95 per trade. List of Top Penny Stock Brokersīelow is my recommend list of penny stock brokers, all of which offer different features, but allow customers to invest/trade in penny stocks. Also, note some online discount brokers might charge a small extra fee for buying stocks that trade Over-the-Counter (OTC) or penny stocks trading under $1, so look into that as well. The best brokers may not always have the cheapest commission rates of all the others, but has a competitive commission structure along with a good mix of great trade execution, high-quality tools & platform and great customer service, which ultimately gives customers the greatest value.īefore you open a brokerage account check out their commission rates. Some brokers may have very cheap rates, but have poor execution on trades, low quality tools or platform and horrible customer service. Commission rates vary from broker to broker and each broker has a different pricing structure for buying penny stocks.īut, just because a broker has very cheap commission rates doesn’t necessarily make them the best online penny stock broker to choose. ![]() One of the main factors when choosing a broker is the commission. While, there isn’t a broker that specializes as just a “penny stock broker”, there are plenty of brokers out there that offer clients to invest or trade in penny stocks. With so many online brokers it can be difficult in choosing one. Choosing the right stock broker is definitely one of the keys to be a successful trader & investor. ![]()
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