What Is The Top Penny Stocks Broker?
New market participants always ask who are the top penny stocks broker? This is a great question because trading penny stocks can become a nightmare for a person that has the wrong broker. Most brokers either will not allow their customers to trade penny stocks (stocks priced under $5.00) or they will allow it, but provide terrible executions and have high commissions. For this reason I suggest avoiding most brokers including brokers such as Scottrade, Zecco, Questrade, Fidelity Investments, Sogotrade, Thinkorswim, Investrade, Firstrade, Sharebuilder, Just2trade and TD Ameritrade. All of these brokers are called “retail brokers or online discount brokers,” and they do not offer direct access routing. For this reason some of these brokers may take up to several minutes to exectute your trades at times and in volatile penny stocks, this can result in your losing thousands of dollars. You need a broker that will allow you to to get in and out of best penny stock quickly, and provide low commissions so that your profits are not eliminated by transaction costs.
My Suggestion For The Top Penny Stocks Broker
In my opinion the top penny stocks broker is Speedtrader.com. I personally use this online broker and they are hands down the worlds top broker for serious penny stock traders. They will allow you to open a cash account with an initial deposit of as little as $1,000. If you are placing 3 day trades a week you may need to deposit a minimum amount for $2,000 since you will need a margin account for this. Like any other broker if you want to be an active day trader and places more than 3 day trades in a 5 day period, then you must maintain a balance of at least $25,000. This rule is called the pattern day trader rule and it effects people in the U.S. only. In places like Canada you can place as many day trades as you would like however I am not sure whether Speedtrader.com will allow Canadians to open and account. This rule is definitely a hinderance but you certainly can overcome it pretty quickly once you acquire a trading strategy that works and can execute your strategy through the top penny stocks broker. Speedtrader.com also will match your current brokers commission or they offer commissions as low as $2.95 for very active trader.
Why Choose Speedtrader.com
Besides the advantages I have already listed there are other reasons I personally feel Speedtrader.com is the best penny stock broker. The Das Pro trading software that they provides is one of the best direct access trading platforms currently on the market. It includes streaming real-time Level I and Level II quotes, intra-day charting, point and click trading, fast confirmations, and low commissions. They also offer access to mobile trading on a smart phone such as the iPhone or a tablet such as the iPad which means 9-5ers can trade from work. The software also has lots of additional features such as the ability to utilize OCO orders – (one cancels other) and software based stop loss orders which do not allow market makers to see your stop losses. It also allows point and click trading straight from the level 2 interface or keyboard short cuts. All of these features are imperative to becoming a trader that profits consistently. A big reason 95% of people lose at trading is because they do not have access to these features that the best penny stocks broker provides. Althought the software is has a monthly fee, if you place enough trades so that the total amount of your trades adds up to more than the cost of the software, they will give you the software for free! I HIGHLY suggest you consider Speedtrader.com if you expect to make money trading the hot penny stocks in market.
Besides finding the top penny stocks broker you can gain access to this (50) page EBook below at zero cost!
Listing of The Best Penny Stock Forum and Beware
We’ve been to all of the penny stocks forums and have compiled a list of many of the best penny stock forums online. Although these forums can be useful for finding the current stocks that are in play, please keep in mind most messages you will find people posting on penny stocks forums are either uninformed penny stock investors, stock promoters which are paid to increase the price of specific penny stocks, or individuals that are trying to pump stocks that they own. Everyone that makes a post on the multitude of penny stocks forms has an agenda which in general is to rip somebody else off. You need to be very aware of this and should not base your trading decisions on anything you read. A penny stock forum should merely be a starting point for finding stocks that may be getting a lot of attention and therefore have “tradable volume”. Penny stocks with little or no volume will go know ehere and for this reason are not going to allow you to earn money. Instead you will tie your money up and months or years and this is foolish. Most people stocks only go down over the long term anyway which means if you invest in them for more then a few days or a couple weeks your chance of losing everything is multiplied ten fold. For these reasons it is best to NEVER take a recommendation that you find on a penny stocks forum seriously but none the less they can be a useful resource.
Our List Of Penny Stocks Forums
Investors Hub Forum – Popular but lots of idiots and pumpers
Stock Hideout Forum – Good penny stocks forum
Raging Bull Forum – Watch out for idiots on this forum.
Online Traders Forum – Pretty good forum to check out for best penny stock
Silicon Investor Forum – Pretty good penny stock forum.
Trade For All Forum – Pretty good forum.
New market participants always ask who are the top penny stocks broker? This is a great question because trading penny stocks can become a nightmare for a person that has the wrong broker. Most brokers either will not allow their customers to trade penny stocks (stocks priced under $5.00) or they will allow it, but provide terrible executions and have high commissions. For this reason I suggest avoiding most brokers including brokers such as Scottrade, Zecco, Questrade, Fidelity Investments, Sogotrade, Thinkorswim, Investrade, Firstrade, Sharebuilder, Just2trade and TD Ameritrade. All of these brokers are called “retail brokers or online discount brokers,” and they do not offer direct access routing. For this reason some of these brokers may take up to several minutes to exectute your trades at times and in volatile penny stocks, this can result in your losing thousands of dollars. You need a broker that will allow you to to get in and out of best penny stock quickly, and provide low commissions so that your profits are not eliminated by transaction costs.
My Suggestion For The Top Penny Stocks Broker
In my opinion the top penny stocks broker is Speedtrader.com. I personally use this online broker and they are hands down the worlds top broker for serious penny stock traders. They will allow you to open a cash account with an initial deposit of as little as $1,000. If you are placing 3 day trades a week you may need to deposit a minimum amount for $2,000 since you will need a margin account for this. Like any other broker if you want to be an active day trader and places more than 3 day trades in a 5 day period, then you must maintain a balance of at least $25,000. This rule is called the pattern day trader rule and it effects people in the U.S. only. In places like Canada you can place as many day trades as you would like however I am not sure whether Speedtrader.com will allow Canadians to open and account. This rule is definitely a hinderance but you certainly can overcome it pretty quickly once you acquire a trading strategy that works and can execute your strategy through the top penny stocks broker. Speedtrader.com also will match your current brokers commission or they offer commissions as low as $2.95 for very active trader.
Why Choose Speedtrader.com
Besides the advantages I have already listed there are other reasons I personally feel Speedtrader.com is the best penny stock broker. The Das Pro trading software that they provides is one of the best direct access trading platforms currently on the market. It includes streaming real-time Level I and Level II quotes, intra-day charting, point and click trading, fast confirmations, and low commissions. They also offer access to mobile trading on a smart phone such as the iPhone or a tablet such as the iPad which means 9-5ers can trade from work. The software also has lots of additional features such as the ability to utilize OCO orders – (one cancels other) and software based stop loss orders which do not allow market makers to see your stop losses. It also allows point and click trading straight from the level 2 interface or keyboard short cuts. All of these features are imperative to becoming a trader that profits consistently. A big reason 95% of people lose at trading is because they do not have access to these features that the best penny stocks broker provides. Althought the software is has a monthly fee, if you place enough trades so that the total amount of your trades adds up to more than the cost of the software, they will give you the software for free! I HIGHLY suggest you consider Speedtrader.com if you expect to make money trading the hot penny stocks in market.
Besides finding the top penny stocks broker you can gain access to this (50) page EBook below at zero cost!
Listing of The Best Penny Stock Forum and Beware
We’ve been to all of the penny stocks forums and have compiled a list of many of the best penny stock forums online. Although these forums can be useful for finding the current stocks that are in play, please keep in mind most messages you will find people posting on penny stocks forums are either uninformed penny stock investors, stock promoters which are paid to increase the price of specific penny stocks, or individuals that are trying to pump stocks that they own. Everyone that makes a post on the multitude of penny stocks forms has an agenda which in general is to rip somebody else off. You need to be very aware of this and should not base your trading decisions on anything you read. A penny stock forum should merely be a starting point for finding stocks that may be getting a lot of attention and therefore have “tradable volume”. Penny stocks with little or no volume will go know ehere and for this reason are not going to allow you to earn money. Instead you will tie your money up and months or years and this is foolish. Most people stocks only go down over the long term anyway which means if you invest in them for more then a few days or a couple weeks your chance of losing everything is multiplied ten fold. For these reasons it is best to NEVER take a recommendation that you find on a penny stocks forum seriously but none the less they can be a useful resource.
Our List Of Penny Stocks Forums
Investors Hub Forum – Popular but lots of idiots and pumpers
Stock Hideout Forum – Good penny stocks forum
Raging Bull Forum – Watch out for idiots on this forum.
Online Traders Forum – Pretty good forum to check out for best penny stock
Silicon Investor Forum – Pretty good penny stock forum.
Trade For All Forum – Pretty good forum.
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