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These brokers offer pricing schemes that are “Penny Stock Friendly”. Basically you don’t get gouged for trading low priced penny stocks with them, and you won’t see many trade restricted, or “phone-in only” stocks. Our top choices in this category are ChoiceTrade, for their flat rate commission of $5, no matter the price of the stock, up to 500,000 shares… and E*Trade, for their ease of use, true flat rate commission pricing, and included Level 2 quotes on PinkSheet/OTCBB stocks.
E*TRADE® is one of the most popular and well known online discount stock brokerages. Many of you are probably familiar with their advertising campaign which features the “E*TRADE Talking Babies” to help promote their services. E*TRADE is a publicly traded company under the symbol ETFC, and has a market capital of around $3 billion.
optionsXpress® is an award winning online brokerage that has some quite unique features. This is one of the few brokers that offers futures trading, helping investors diversify into yet another market type.
Questrade® is a Canadian owned and operated discount online brokerage. They are currently only accepting Canadians, U.S. citizens that are current residents in Canada, or Chinese citizens that apply in person in Canada. Questrade is quickly growing and receiving numerous accolades for their service, features and great pricing.
Zecco® is a deep discount brokerage that offers trades for a flat rate commission of $4.95 ($6.95 for equities priced under $1). While Zecco did used to offer slightly cheaper trades, and even free trades depending on your balance and activity, the new rate is still quite cheap.
ChoiceTrade® is a super discount stock broker that offers a flat trade commission of only $5 for up to 500,000 shares.* There are no pricing restrictions or hidden fees, and no minimum per trade! This makes ChoiceTrade a very attractive and affordable option. In addition they are one of the few online brokers to offer a Direct [...]
TD Ameritrade® is one of the brokerages you will often see on TV commercials. Their large size and advertising budget enable them to do this. The problem with this type of broker is that additional budget results in higher commissions.
Our review of thinkorswim is in progress and coming soon. Check back soon! TDAmeritrade now owns thinkorswim, and offers it’s impressive platform to its clients. If you wish to learn a little about the thinkorswim trading platform, check out our TDAmeritrade review. Feel free to submit your own review below.
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