Trading penny stocks or OTC stocks is a different animal than “normal” stocks.
It also requires a different kind of broker. Some online brokers are more geared towards the penny stock trader than others. Little details in how the broker calculates commission can make a HUGE difference when buying millions of shares.
The biggest requirement of a penny stock broker is that you don’t get screwed for buying millions of shares (which you often do when buying the best penny stocks).
The second requirement is fast execution of your trades.
Looking at those factors, there is one clear winner of the discount brokers that is good for the penny trader….Zecco
My Recommendation For Penny Stock Trading
Hands down. Zecco. Account setup takes 10 minutes, no paperwork to do, completely online.
Why This Penny Stock Broker?
- No minimum deposit.
- Easy 10 minute online sign-up
- $4.50 for 1,000 shares. $4.50 for 1,000,000 shares. Same Price. Boom.
- Slick interface, nice social features
- 10 Free trades a month with $2,500 min. balance.
- I use them! So should you…