If you’re out there learning the ropes, E*TRADE’s clean design and strong educational resources make it a fantastic choice for you. This is just as true when it comes to penny stocks. This is particularly true when it comes to new investors. E*TRADE: Best Platform For New Investors ProsĮ*TRADE is one of the best all-around trading platforms on the web, right up there next to TD Ameritrade. If you are an OTC stock trader, this is a terrific product for you. It is not quite as fast as Lightspeed Trading, nor as cheap as Charles Schwab. TradeStation lags slightly behind its competitors in certain areas. It isn’t the cheapest, but it is certainly competitive. With the first 10,000 shares free, followed by just $0.005 per share, this is a good price for a great product. The customization available through TradeStation allows you to build a trading environment that’s just right for you, and its ability to search through industries and exchanges for both mainstream and OTC stocks makes it very useful.įinally, TradeStation charges solid prices around for OTC trading. This all comes on top of a service that already offers terrific stock trading tools to begin with. Investors should note that these prices can be unreliable, especially when delivered in real-time, but it is still a strong feature. This includes access to real-time OTC stock prices, a service that many other platforms don’t offer. This service offers an unparalleled amount of technical information that’s specifically useful to volatility-oriented traders like penny stock investors and day traders. TradeStation is a fantastic platform for the kind of data-heavy work that penny stock traders depend on.
If you are in the market for penny stocks, and if you fully understand the risks involved, here are five great sites for making these trades. And, ultimately, in the stock market, it’s not the price at which you sell the stock that matters it’s the percentage of the gain. After all, while it takes a lot for Amazon to double in value, a stock selling for $0.25 only needs to climb by a quarter per share to do the same thing. However, the same volatility that makes this a speculative asset also can make it a highly profitable one. As a result, this is a market generally occupied by sophisticated (if not outright accredited) investors. These stocks can also be more difficult to sell once you have them and can be far more difficult to buy if you’ve taken a short position. Investors tend not to trade these stocks as often, so prices are both more volatile and less accurate. Penny trading is more tightly regulated than ordinary stock trading, most having to do with the fact that it is a low-volume market. There are a number of challenges that are unique to this type of investing and a financial advisor can help you navigate these investments. Many try to invest in these stocks in hopes that they will pick a stock that climbs rapidly in value but this is a very tough market. This is the legal definition used by the SEC and other regulatory bodies, although in common practice many investors define a penny stock as stock with a share price of under $1. A penny stock is formally defined as any stock whose price is less than $5 per share.
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