New to this. Been playing on stock practice sites and up 56% in ten days. Going to try a little disposable income in day and swing trading and penny stocks. Where can I get the best price on multiple day trading commissions that supports otc penny stock trades as well as regular markets. Risky? Sure! Gambling nothing I have to have. Any help appreciated. Robert
I don't trade stocks but, look at Genesis Securities under broker reviews, highly rated, if you ever trade futures check out Velocity, I use them they are very good.
Geneisis Securities charges $200/mo for software fee + other small fee. I think you better off using Scottrade or Ameritrade.
Sorry, thanks for setting me straight calip, as I stated I don't trade stocks. Best of trading to everyone.
What brokerage served best when you traded otc? Appreciate the advice but think I may have to give a shot when I watch a stock purchased at 3.05 climb to 6.00 in two days then split three for one. I know most of these never move up but hunting the exception is part of the fun!
If you trade under $1 stocks, Scottrade would be one of the most expensive brokers. Before you go to Scottrade, please read the fine print of its commissions schedule.
No. FYI, I use IB. I had used both scottrade and ameritrade in the past, and they both inferior compare to IB. I recommended them because they have a fix fee per trade. As for myself, I would never trady penny stocks, my preference is $25+ with average volume over 4mils.