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What is the best online trading site for penny stocks?

post #1 of 9
Thread Starter 
I'm sort of on a small budget, too. So I'd like a site without a minimum account amount and has a pretty low commission. I've looked into Tradeking but I don't know how legit that is. It would probably be good to know before I enter my SS#. Thanks
post #2 of 9
I use Zecco and like it...I am sure you will get many different opinions.

But alas...there is an entire sub-forum devoted to your question...

http://www.hotstockmarket.com/forums...splay.php?f=62
post #3 of 9
Thread Starter 
Is there an account minimum for Zecco? That site seems pretty cool, by the way. I can't seem to find the penny stock forum your talking about. My initial search, before I posted this, didn't turn anything up, but I'm new here so I probably didn't do it right.
post #4 of 9
This thread got moved to the right forum. There are discussions on every online broker here.

No minimum with Zecco. $4.50 trades. Cheap and easy.

Cons- It takes a long time to deposit funds (at least initially) and they dont have the best interface. If you're just getting started, Zecco would be a good start. But don't trust me...there's a lot of opinions on here.
post #5 of 9
zecco and scottrade are the best.

sogotrade does most all OTC stocks. no pinks. they do 3$ trades.
post #6 of 9
Thread Starter 
I just registered with Zecco! Can't wait to finally start trading
post #7 of 9
I'm new to trading and bought some penny stocks with Zecco. I then tried to submit a sell stop at a bit lower price in case they tanked, but it kept being rejected.

Is this just with Zecco or most penny stocks? This made me have to keep a close eye on them all day, which I don't want to do.

You can't trailing stop for stocks less than $5.00 at Zecco which is annoying too.
post #8 of 9

Broker for Penny Stocks

That's what I found out too. Does anyone know of a good broker who allows stops on .PK and .OB's, and offers unlimited shares for one low price?
post #9 of 9
Quote:
Originally Posted by Cburg View Post
That's what I found out too. Does anyone know of a good broker who allows stops on .PK and .OB's, and offers unlimited shares for one low price?
Is there a limit for penny shares in Zecco?
100K, 1million, etc?
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