Best Trading Platforms For Penny Stocks

The best trading platforms for penny stocks are: Fidelity, TD Ameritrade, Charles Schwab, TradeStation, and Interactive Brokers. Fidelity is our top choice as it is a value-driven broker with $0 trades. TD Ameritrade is an industry-leading provider of educational tools with $6.95 for penny stock trades. Charles Schwab has a balanced selection of stock research and trading tools.

Each brokerage firm has advantages and disadvantages. This article discusses the best brokers for penny stock trading in 2021.

Best Trading Platforms For Penny Stocks

• Fidelity offers impressive research tools and charges $0 per trade.
• TD Ameritrade offers comprehensive learning materials and charges $6.95 per OTCBB trade.
• Charles Schwab has the best offer for long-term investments and charges $0 per trade.
• TradeStation has award-winning platforms that charge $0 per trade.
• Interactive Brokers charges $.0035 per share and offers premium services.

RANK	BROKER	GENERAL	PLATFORM SCORE	PRICING	WEBSITE
#1	Fidelity	​impressive research tools	4.7/5	$0 per trade	Official website
#2	TD Ameritrade	comprehensive learning tools	4.7/5	$6.95 per OTCBB trade	Official website
#3	Chares Schwab	best offer for long term investments	4/5	$0 per trade	Official website
#4	TradeStation	award-winning platforms	3.7/5	$0 per trade	Official website
#5	Interactive Brokers	offers premium services	4.9/5	$.0035 per share	Official website

 

TOP 5 Trading Platforms In Overview:

01 Fidelity: Best For Research Tools For Penny Stock Trading

Fidelity is a leading penny stock broker with $0 trades. It has an excellent learning center and many research tools. It stands out because of its stock trading app and versatile portfolio.

This broker is trustworthy and has licenses from the SEC and FINRA. Its platforms are secure and offer access to professional tools. Fidelity offers the best experience for penny stock trading.

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02 TD Ameritrade: Best Learning Materials For Stock Trading

TD Ameritrade is a leading online broker with industry-leading education for beginners. It has straightforward platforms and access to market data.

This broker’s mobile apps are excellent for penny stock trading. TD Ameritrade is a good fit for casual investors. It offers customizable dashboards and third-party data. TD Ameritrade has many professional tools, including 407 indicators.

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03 Charles Schwab: Best Offer For Long-Term Investments

Charles Schwab is a popular broker for professional investors. It offers an excellent online trading experience with $0 trades. Charles Schwab has many trading tools and outstanding stock research.

This broker has two primary platforms with qualitative research tools. The Schwab Assistant is a useful AI-powered tool that helps traders discover the best research materials.

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04 TradeStation: Best Penny Stock Trading Platforms

TradeStation is a technology leader for active and casual traders. It offers $0 stock and ETF trades. TradeStation has many account tiers to match the needs of traders at all levels.

This broker offers three trading platforms, TradeStation, Web Trading, and TS Crypto. It has a premium desktop platform with reliable stock research tools.

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05 Interactive Brokers: Best For Premium Services For Penny Stock Trading

Interactive Brokers is a leading provider of premium services. It offers many learning and research tools for experienced traders.

This broker provides one of the best penny stock trading experiences. It offers charting, market data, and many other tools. Interactive Brokers uses premium technology for trading many assets.

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Final Verdict

Fidelity, TD Ameritrade, Charles Schwab, TradeStation, and Interactive Brokers are the best trading platforms for penny stock trading in 2021. Our top choice is Fidelity, as it has excellent tools for penny stock trading. TD Ameritrade is a leading provider of educational tools and materials. Interactive Brokers offers the best premium services for penny stock trading.

What are penny stocks?

Penny stocks are securities offered by small companies traded at less than $1 a share. These are low-cost stocks a trader can purchase, trade, and sell.

Penny stocks are commonly referred to as over-the-counter stocks or OTC stocks. There are many types of penny stocks with affordable prices. However, trading penny stocks comes with some risks. Read our in-depth reviews to learn more about brokerage firms and penny stocks trading.

How to pick a penny stock broker? 

Picking a penny stock broker is straightforward if you verify specific criteria. Our in-depth reviews offer useful insights on the best penny stock brokers in 2021.

Fees

Each online broker has a specific fee structure. Some brokerage firms charge higher commissions than others. Inactivity fees are worth considering. Most brokers charge a commission for inactive accounts. Verify our in-depth reviews to read more about online brokers and fees.

Regulation

Trustworthy online brokers have top-tier licenses. Top-tier licenses ensure a brokerage firm follows specific rules and safety measures. Read our in-depth reviews to learn about online brokers and top-tier licenses.

Customer Service

Customer support is important for online trading. Knowledgeable and fast assistance is useful for all traders. Before choosing an online broker, you should check its customer service channels.

Funding

The funding process for a brokerage account should be transparent and fast. Each online broker has its deposit and withdrawal methods. Read our in-depth reviews to learn more about brokerage firms and funding methods.

Frequently Asked Questions

We review online brokers with real accounts and money. Our results depend on 105 criteria, including portfolio, safety, and platforms.

Is Penny Stock Trading Risky?

Online trading comes with some risks depending on your level of experience and skills. Learn more about online trading and penny stocks by reading our in-depth reviews.

Which Is The Best Trading Platform For Penny Stock Trading?

Each online broker offers specific services and account tiers. We recommend you compare features and costs before choosing a specific one. Verify our in-depth reviews to learn more about penny stock trading.

What Is The Set Amount To Start Investing In Penny Stocks?

There is no predetermined amount you need to start investing in penny stocks. Most brokerage firms have fee structures that offer transparent details about all trading fees. It is best to research and choose a broker with a transparent fee structure.

Is It Possible To Buy Penny Stocks Without A Broker?

The simple answer is yes, but we do not recommend it. Penny stocks are volatile and come with significant risks. Read our in-depth reviews to discover more information on brokerage firms and penny stock trading.

Is It Possible To Day Trade Penny Stocks?

Yes, it is, but we advise against it. Day trading is risky and mixing it with penny stocks increases the chances of losing your funds.

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Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.