low comission brokers for penny stocks

Discussion in 'Retail Brokers' started by maria29trader, Dec 6, 2006.

  1. I trade low priced stocks, can you introduce me most low comission brokers?
     
  2. it depends on your position size

    if you are enough big look at MBtrading

    www.mbtrading.com
     
  3. Choicetrade is $5 per trade.
     
  4. MB is 4.95? If bigger position size, more cheapper?
    choice is $5, so still expensive.
     
  5. bank of america is advertising 30 free trades a month with 25K account but you probably will have to use limit orders.
     
  6. only30 trade, so I must use only 1 day trading.
     
  7. Retief

    Retief

    Take a look at zecco.com, of which the following is from their website:

    "You can make up to 10 trades in any one day up to a total of 40 trades a month at no cost, and after that you only have to pay a paltry $3.50 per stock trade."

    The minimum account value is $2,500, and there are no inactivity fees.
     
  8. bluud

    bluud

    not a big fan of sogo, but I use it for penny stocks
    http://www.sogoinvest.com/Home/Pricing.aspx
    1$ per trade for first 90 days
    1.50 per trade there after for 15$ a month
    else 3$ per trade


    * For trades above 5000 shares, the commission cost is the regular commission plus $0.005 for each share above 5000.


    * For stocks priced less than $1, an additional fee of 1/2 of 1% of principal value applies. http://www.sogoinvest.com/Home/ExampleTradesStocksUnder1.aspx

    No minumum for account http://www.sogoinvest.com/Home/CompareUs.aspx

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    Other Brokers:
    http://www.interactivebrokers.com/en/accounts/fees/commission.php?ib_entity=llc#unbundled

    http://www.gndt.com/comissions/retail.htm

    [No idea on these:]

    http://remotedaytrader.com/commissions.html

    http://www.rmltrading.com/commissions/

    http://www.hlvtrading.com/hlv_prop.htm
     
  9. bluud

    bluud