Tim Sykes is often regarded as the best penny stock broker and, by a few, as the Warren Buffet of this small niche. In this article, the top penny stock trading sites and penny stock trading platforms will be discussed in great detail, providing guidance for anyone interested in penny trading and the best penny stock brokers. List is sorted alphabetically click any of the penny trading websites below to go directly to the detailed review section for that penny trader.

Best Penny Stock Brokers. Ability to open multiple accounts. After-market hours customer support.

High Yield Bank Accounts. What Are the Advantages of Penny Stock Trading? If you have heard about penny stock trading, chances are that you can't wait to begin learning about the best penny stock brokers out there. Before we dive into the best penny stock brokers, we'll take a quick look at the benefits of penny stocks, and exactly why penny stock trading software is becoming so popular.

No matter which of the top penny stock brokers you choose, there are a few common benefits that all penny stock trading sites will offer, making penny stocks a great investment option. Low Barrier of Entry. If you want to get started with investing your money in a penny stock trading site right this very minute, you can do so with ease. Due to the cheap value of the stocks, you will not need a lot of money to buy shares and trade them.

They are easily accessible to the public, and anybody can get started. Did we also mention that you can use the best penny stock trading sites from the convenience of your laptop or phone? You literally need nothing more than one of these devices, a minimal amount of money, and an Internet connection to get started.

With access to information from the top penny stock brokers at your fingertips, you will be able to learn as you go along. Working Hours Are Regular Hours. All of the trading that happens with penny stocks occurs during the hours in which the market is open. If you are living in the US, this time period is from 9: This means that you can only buy, sell, and short stocks within this time period.

For people who want to gradually transition into full-time investing as a penny stock online broker, this opportunity is incredibly inviting.

The days of working ludicrous hour weeks will be but a thing of the past. However, it is strongly recommended to keep working a full-time job until you can consistently reap benefits from trading penny stocks. The best penny stock trading sites will give you the same advice as well! Penny stock online brokers go into this niche for that very reason, and those who manage to make it through have reaped the rewards of what they sowed.

Thanks to the untapped potential of the companies providing these penny stocks, there is a lot of room for a company to rise in value.

If a company exceeds expectations, this means a huge return potential that exceeds stocks from larger and more established companies. Not every company will be able to experience this kind of growth, but, inevitably, some will. Best Online Stock Trading Sites for Investors — Top Rankings. In spite of the advantages that penny stock trading sites promise to newcomers, there are definitely risks that exist for penny stock online brokers.

This is not any better or worse than the types of risks that you will see with any kind of investment. These points are listed not to deter you from trading penny stocks, but rather to make you aware of what can happen if trades are not done wisely.

Best Brokers for Penny Stock Trading - The Simple Dollar

High Levels of Risk. Due to the low capital required to invest in penny stocks and their high earning potential, their high volatility allows your money to be lost just as quickly. There are extreme fluctuations that a penny stock broker must deal with on a daily basis. Penny stock brokers must constantly research the companies they are investing in while developing a sharp eye for companies that will succeed or fail.

Shorting or selling stocks can be fatal decisions if your timing is not carefully chosen. If the volatility of penny stocks was not enough, then the lower regulation requirements might give new investors second thoughts before using a penny stock trading platform.

Compared to regular stocks, companies selling penny stocks do not have any mandatory requirements for providing investors with useful financial information. This means that decision-making in shorting or selling a stock will be more difficult in nature. The best penny stock brokers know that several rapid-fire decisions must be made in the day with little to no information about the company itself.

All they will have is their own research, news bits from other individuals, and past performance of the stock. With more than penny stocks being held and analyzed at a time, a penny stock broker cannot afford to be left behind. Greater Levels of Stress. Although this warning is not strictly related to financial investing, it is equally important to discuss. The best broker for penny stocks will be upfront and tell you that this type of investing is not for everybody.

With every day carrying several extreme risks and unforeseen changes in the direction of multiple stocks, a faint-at-heart investor will burn out before a single week of trading has ended. The top penny stock brokers will strongly recommend that new and inexperienced investors avoid penny stock trading sites until they have gained the experience and maturity to handle this kind of trading.

The only time newcomers should consider using penny stock trading platforms would be to invest in penny stocks under a veteran broker with at least a decade of consistent success in this niche. What methodology does AdvisoryHQ use in selecting and finalizing the credit cards, financial products, firms, services, and products that are ranked on its various top-rated lists? Detailed Review — Top Ranking Best Penny Stock Trading Sites.

Below, please find the detailed review of each firm on our list of top penny stock brokers. We have highlighted some of the factors that allowed these penny stock trading platforms to score so high in our selection ranking. Best Futures Brokers for Futures Trading Ranking, Reviews, and Ratings.

Interactive Brokers is certainly not a newcomer to the penny stock industry. Founded by Chairman and CEO Thomas Peterffy, Interactive Brokers hires nobody but the best penny stock brokers to manage the investments of its clients. Its prestigious reputation has only lasted this long due to the impressive return on investment that its customers have seen. Key Factors That Enabled This Broker to Rank as a Top Penny Stock Broker.

An Extremely Versatile Trading Platform.

Best Penny Stock Brokers for

One of the most important things to have in this day and age of penny stock investing is a penny stock trading platform that you can take with you wherever you go. Whether on a laptop, tablet or smartphone, Interactive Brokers understands that you need to be on top of your game at all times. Everything syncs instantly, so you will never have to worry about your data appearing differently on your phone or your computer.

Rather than leave its traders and investors in the dark, Interactive Brokers takes a proactive approach in educating people on basic financial concepts related to penny stocks. Qualified penny stock brokers give interactive webinars , provide definitions for commonly used terms with the Traders' Glossary , and educational courses are provided within Traders' University.

Transparency About Ratings and Regulatory Status. Although there are legitimate penny stock trading sites out there, there are just as many illegitimate ones. Investors that do not choose their penny stock trading platforms carefully can find themselves with all of their money gone without a clue as to where it could have gone. Within a few seconds, you will have access to financial statements and where the firm is projected to land at the end of the calendar year.

Acorns App Review and Fees. Pros and Cons of Using Acorns. While it may not provide the same level of personalized penny stock broker service that the other featured platforms do, Just2Trade more than makes up for this in the exceptional penny stock trading software that it provides for clients.

Although this platform was only founded in , it has exploded in prestige and name recognition. Even if you choose one of the other brokers featured in this article, you may still opt to use this penny stock trading platform to manage all of your investments.

The defining feature of this penny stock trading software is that it provides straightforward trading with no hidden fees or costs.

As an additional benefit, joining this penny stock trading platform itself is free, providing high levels of value for both new and experienced penny trading.

Key Factors That Enabled This Trading Platform to Rank as a Top Penny Stock Trading Site. The best penny stock trading platform would normally have an abundant number of awards and public recognition for its excellence and use. Just2Trade delivers on this promise and publicly displays every single award, press release, and news coverage that its platform is involved with. Just2Trade has also been featured in famous financial publications, like the Wall Street Journal, for its excellent penny stock trading software and valuable advice that it provides to traders.

Ability to Open Multiple Accounts. Just2Trade recognizes this and allows its clients to open up many different types of accounts at once. A common complaint among those using penny stock brokers to manage their investments is the high management fees that are charged per trade.

Even though seemingly smaller prices are advertised, clients may be surprised to see that when they do the math, add up the money they obtained from selling a stock, and subtract the fees away, they are left with very little to no net profit.

Their only option out of this is to invest large sums of money into penny stocks, and that comes with a significantly greater risk. This is a fixed price that will not deviate as much as a single penny higher or lower. This reassures clients that they will make a meaningful amount of money from their investments and, at the same time, paying Just2Trade for the service that they are providing. Given its straightforward honesty about this cost, investors are more than happy to pay this fee.

Since , Lightspeed Trading has established itself as one of the high-performing penny stock brokers in the United States among thousands of national competitors.

Since it is established as an agency-only company, all orders given by clients are executed without question or influence from outside parties. A quick read of its Active Trading Blog will show you that this company is run by chairmen and executives that are up to speed on their knowledge of the current market.

Anything from service updates to the latest trends are featured, and they frequently interact with fans across multiple online social networks to stay engaged with their client base. Key Factors that Enabled This Broker to Rank as a Top Penny Stock Broker. Security is extremely important when it comes to trading. Lightspeed Trading knows this and provides each and every client with top-level security.

It provides a 2-step authentication with each login to prevent malicious hackers and outside parties from accessing private accounts. Every penny stock broker knows that the time outside of the market is spent on valuable research and preparation in order to set up for the next day when the market opens up again. For this reason alone, Lightspeed Trading provides experienced licensed professionals as its support staff. No matter the time of day, you will receive a response promptly and assistance until your problems and concerns are completely addressed.

You will be able to get a full night of comfortable sleep knowing that Lightspeed Trading is there to help you at any time of the day. Minimum Initial Investments Are Required.

We did mention that penny stock trading platforms are well known for the low amount of capital that is required to get started in trading penny stocks.

However, you can only do so much with a small investment.

This is where Lightspeed Trading jumps in and solves the problem. It requires the following minimum funding requirements depending on the account you open: While this seems pricey at first, having this amount of money in investment gives brokers and clients the freedom to make adjustments in their stocks that will benefit them in the long term. Lightspeed Trading is interested in maintaining relationships with clients that will last several decades.

Although this may be off-putting to initial clients, it does attract those who are serious about studying and benefitting from penny stock trading.

SureTrader Review — All You Should Know Before Using SureTrader. TradeKing was founded in and later merged with Zecco in August to create TradeKing Group Incorporated. Its top three focuses are on providing low-cost pricing for all trading options, world-class service for its clients, and free tools to enhance the trading experience.

Unlike many other penny stock trading platforms that seek to make things complex, TradeKing steps away and focuses on providing very simple services to its clients. This allows investors to skip complex administrative and sign-up processes and, in doing so, can spend more time on making important decisions.

Key Factors That Enabled This Broker to Rank as a Top Penny Stock Trading Site. While other platforms and brokers are strictly limited in terms of placing orders within the market hours, TradeKing faces no such limitations.

Need to make some changes when the market closes? TradeKing also allows for post-market corrections to be made for another hour after the market shuts down at 4: Rather than worry about what will happen the next day, you can relax and make any additional changes that you want before you retire for the day. Transparent Disclosure of Company Investors.

The Best Trading Software And Hot Penny Stock Market Recap

Many clients tend to have a negative image of company investors. They choose to view them as evil and greedy corporate executives that want to drive the agenda of the company they are investing in for their sole benefit. Even with a great company, people will stop using its services once they figure out that a certain investor is backing it.

TradeKing is one of the few penny stock trading sites that manages to avoid this problem entirely by not only hiring trusted names in the financial and technology industries but publicly disclosing who it is on its website. Clients can sign up with these penny stock brokers and know that their investors are not out to get them. Going the extra mile to educate your clients is a business step in the right direction.

The best penny stock brokers know this and will invest valuable time and money into educating their clients on basic trading concepts.

However, TradeKing manages to take this one step further and blow its competition out of the water. It has its educational materials separated into three categories that reflect the interests and experience levels of its individual clients: Firstrade Review Get the Key Facts Before Trading with Firstrade. What differentiates TradeStation from the other platforms listed in this article is that it strictly focuses on being the top penny stock trading platform in existence. In other words, its chief aim is to provide the best technology for penny stock brokers and investors of all levels.

Key Factors That Enabled This Trading Platform to Rank as a Top Penny Stock Trading Platform. As a technology-oriented platform, it is vital that everything on its website is in working order.

Every single resource and feature offered by this platform is immediately available in front of your eyes, making penny trading much more convenient. All of this is achieved while keeping the layout very simple and professional in design. The platform that it uses on a desktop, the web, and mobile is no exception to this rule. Multiple features are available to clients in an easy-to-read format that will make trading seem like a fun hobby instead of a chore!

Complete Access to Current and Past Business Metrics. For serious investors that want to predict how the platform will fare in the future, having access to this information will be crucial in making the decision to become a client for any penny stock broker.

TradeStation has published its business metrics on its website for the past 10 years and keeps them constantly updated. Results are divided by year, quarter, and month to give a complete breakdown of where TradeStation was at a given point in time. This data also allows you to compare TradeStation to other penny stock trading platforms and see which one will be best for you.

A Community Wiki Made Available to Clients. Imagine if your penny stock trading platform had a Wikipedia-like section where employees and users could contribute useful articles and information that everybody else could have access to. Instead of having to see the same question thousands of times in the community forum, newcomers can be redirected to a relevant Wiki entry, making penny stock trading education both effective and convenient.

Conclusion — Top 6 Penny Stock Brokers. What is the best penny stock broker for you? What is the best penny stock trading platform that you can use to manage all of your investments? What is the best penny stock trading site to get your educational resources from?

All of these are great questions for any newcomer who wants to get started in penny stocks. Unfortunately, we cannot provide a straightforward answer for you. The best penny stock brokers are always accessible and will be able to answer any questions that you have. At the end of the day, the best broker for penny stocks is the one that can best serve your needs. It is your money, and it is up to you to decide where it is going to go. This is a question that not even the top penny stock trading sites will be able to answer for you.

As long as you know what you are doing and have a way out in case things go wrong, utilizing the best penny stock trading site for penny stock investing can be something that adds financial freedom to your life! FREE software to help you make smarter financial decisions. See all your accounts in one place with this award-winning highly advanced, and free software for easy budgeting, money management, investments, expense tracking , and many more for all devices online, desktop, iPhone, Mac, Samsung, Windows, tablets, etc.

Click below link will open in a new tab. This free tool lets you manage your entire financial life from one secure place — so you can reach your goals faster. Reasonable efforts have been made to present accurate information, however all info is presented without warranty. Firms and products, including the one s reviewed above, may be our affiliates. Click to view our advertiser disclosures. Low Barrier of Entry If you want to get started with investing your money in a penny stock trading site right this very minute, you can do so with ease.

Working Hours Are Regular Hours All of the trading that happens with penny stocks occurs during the hours in which the market is open. Penny Stock Trading High Levels of Risk Due to the low capital required to invest in penny stocks and their high earning potential, their high volatility allows your money to be lost just as quickly.

Lower Regulation If the volatility of penny stocks was not enough, then the lower regulation requirements might give new investors second thoughts before using a penny stock trading platform. Greater Levels of Stress Although this warning is not strictly related to financial investing, it is equally important to discuss. Detailed Review — Top Ranking Best Penny Stock Trading Sites Below, please find the detailed review of each firm on our list of top penny stock brokers.

Interactive Brokers An Extremely Versatile Trading Platform One of the most important things to have in this day and age of penny stock investing is a penny stock trading platform that you can take with you wherever you go. Transparency About Ratings and Regulatory Status Although there are legitimate penny stock trading sites out there, there are just as many illegitimate ones.

Joint account Custodial account Retirement account Educational savings account Corporation account Limited liability company LLC account Partnership account Sole proprietorship account Trust account Low-Cost Trading Fees A common complaint among those using penny stock brokers to manage their investments is the high management fees that are charged per trade.

Lightspeed Trading Complete Confidentiality Security is extremely important when it comes to trading. Minimum Initial Investments Are Required We did mention that penny stock trading platforms are well known for the low amount of capital that is required to get started in trading penny stocks.

Extra-Hours Trading While other platforms and brokers are strictly limited in terms of placing orders within the market hours, TradeKing faces no such limitations. Transparent Disclosure of Company Investors Many clients tend to have a negative image of company investors. Specialized Educational Resources Going the extra mile to educate your clients is a business step in the right direction.

Security Type Stocks Options Bonds Mutual funds ETFs Forex Experience Level Rookies Veterans All-stars Market Outlook Bullish Bearish Neutral Volatile Related: TradeStation Extremely Accessible Website As a technology-oriented platform, it is vital that everything on its website is in working order. A Community Wiki Made Available to Clients Imagine if your penny stock trading platform had a Wikipedia-like section where employees and users could contribute useful articles and information that everybody else could have access to.

FREE software to help you make smarter financial decisions See all your accounts in one place with this award-winning highly advanced, and free software for easy budgeting, money management, investments, expense tracking , and many more for all devices online, desktop, iPhone, Mac, Samsung, Windows, tablets, etc. Terms of Use Privacy Policy FAQs. About Us Terms of Use Privacy Policy. AdvisoryHQ All Rights Reserved Willis St, Redding, CA