Find a Broker

Okay, now you’re ready to roll. The first thing you need to do is find a broker.

Most people that trade penny stocks use online brokers because of execution speed and inexpensive fees. Remember, the key to booking profits is getting in and out quicker than the next guy so the last thing you want to be doing is calling a old school broker on the phone who might not even be at their desk.

Here are a few questions to ask when evaluating potential brokers:

Is there a minimum account size or order size?
How much are the commissions?
Can I place stop orders? (IMPORTANT)
Can I trade OTC stocks without calling in the order? (Make sure you ask, some online brokers do require OTC orders to be phoned in.)

Get the scoop on a few of the popular online brokers:

Choice Trade
-stop loss orders available on many OTC stocks
-$5 dollar commissions
-Recently upgraded trading platform
For more information and to open an account click the logo below:

SpeedTrader
A powerful day trading platform w/ a full range of charting capabilities, real-time daily charts & robust intra-day charts.
- As low as $1 fees
- $500 account minimum
- Futures, forex, options,
- Web, desktop and mobile platform
For more information and to open an account click the logo below:

E-Trade
-$7.99 fees
- $1000 account minimum
- Nice trading tools
- The best commercials
For more information and to open an account click the logo below: