The Best Broker For Penny Stocks
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
If you haven’t heard of Zecco before, where have you been? No, it’s OK. They are a fairly new company, but word is starting to get out about them.
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…
{ 28 comments… read them below or add one }
Can you enter a limit order down to the $0.0001 on ANY exchange? My current broker only allows these extra fine limit orders on NASDAQ and OTC, not AMEX or NYSE
Hello,
I live in Canada, could I use Zecco as my broker, to buy and sell penny stocks?
Thanks,
Dirk de Vries
Hey it doesn’t matter where you live if you have access to the internet. You could use Zecco from the moon if you could get online. Be careful not to gamble with money you cannot afford to lose though. Penny stocks are extremely risky and the majority of people lose all their money. If you’re not going to do a lot of research (or even if you are) on which stocks you buy it is similar to going to the casino. Although you do hear of random success stories where someone bought a penny stock and made a fortune in one night. If you have money to lose, are young and can take the likely possiblity that you will lose everything, go for it and good luck! Also the terms of Zecco accounts changed and to get the 10 free trades a month you have to maintain above 25,000, not 2500. Although each trade is still 4.50 which is much cheaper than many brokers. Hope this helps.
Having trouble with the broker I’m using. None of the penny stocks I’ve looked at seem to be available in pre-market extended hours trading via ArcaEx. If I wait till market open, the run up happens before I can execute an order and I miss it. Catch-22. Any advice on how to get into a penny stock before market open? Is that a function of broker limitations, or am I doing something wrong?
Market Information
how can make prifits from penny stocks.need more informations.thank a lot.
Can I get in and oput of trades fast with Zecco?
Would request a phone number. I do not give credit card info on line.
I live in the UK can I trade with Zecco?
The Zecco rules might have changed because when you fill all the form for your subscription, there is a place where they ask for your country and it says that if your country is not in the list. they don’t allow you to open an account and………Canada is not in the list!
im loocking for stock brocker
hey guys i live in France right now, i tried to open that zecco account and when i got to the form where to fill my FRENCH bank account information they ask for a ABA ROUTING NUMBER i dont have any idea what it might be on a FRENCH CHECKBOOK i have tried my IBAN but i can only fill in the account number case, im stuck there i dont have any idea what an ABA ROUTING NUMBER is on a FRENCH ACCOUNT NUMBER please help
FYI – Zecco won’t accept account transfers or physical stock certificates of pennystocks.
1. can i trade 1 cent , or 0.0001 cents stocks (or penny stocks) at the pre market and after market?
2. can i set sell stop for 0.0001 cents stocks(or penny stocks)?
3. how much is a trade at pre or after market for buy or sale 20000000 share at 0.0001 ?
4. how much is minimum to open an account (or short sell account?), and what other fees i need to pay for my account?
5. how many ways i can open my account?
6. how much is 1 trade?
7. can I short sell penny stocks?
more detail is better plaese.
thanks
pls can some one residing in china trade penny stock with zecco? and also can i make a bank wire transfer to fund the account?
Hey Michael…you can’t trade from anywhere. Zecco has to be licensed in the area you wish to trade. I had a Zecco account in the states and when I moved to Guam and updated my address they closed my account. The were not licensed to trade stocks in Guam, a U.S. territory. So don’t reply until you know what the hell you are talking about. Just because you can access Zecco online, that doesn’t mean you can necessarily legally trade from wherever you are.
You more than likely can only trade from the United States and that’s it….maybe Puerto Rico but definitely not Guam and the rest of the world. Your advise is horrible…
Iwould like to purchase some penny stock. This is my first attemp at this; I would like to know your fee for the purchase of stock. I really do not know how to go about purchasing on on line. I need a few pointers. Ido not have a web site.
I want to start small as I am new at this. I do not want to invest $2500.00. Is there anyway to start at say $250.00 .
Hey do you have an affiliate sign up link? I’ll use it to say thanks for the info when I sign up
Hi all,
I need a partner to trade penny stock from US. I am an Asian student who study in UK. I have seen the way how to get high profit by trading US penny stocks. I am trying to open account with zecco , choictrade and others. But they do not accept my citizenship to open account. I know very well how to pick up high profit penny stocks. I use day trading strategry. I prefer the person who already have day trading (margin account) to co-operate with me. If you interest or want to know detail, you can send an email to my gmail (suyinkyaw88@gmail).com.
As of March 2011 here are some answers. I recently called Zecco as I’m looking for an online broker. This is what I’ve found:
- no minimums, inactivity fees or annual fees
- $4.95 per trade (unlimited # of stocks), stocks under $1 trades cost $6.95 (unlimited)
- broker assisted trade $19.99
- mobile app available, cannot trade w/ this app at this time, update will be available this year for trading
Hope this helped
Can I buy following Over the counter penny stocks, I LIVE IN TORONTO ,CANADA?
CXLT, EARH,CPOW,GRYO,CPMCF, CXLT,ALZM
THANKS,
YOKO ISHII
visit this link for most of the answers https://www.zecco.com/help/account-opening.aspx
Zecco was great but now they have raised there rates. They now charge more to place A penny stock trade. $4.95 for A regular trade and $6.95 for trades on stocks costing less then $1.00 per share.
I have free-trade certificates for an OTC, Pink Sheets stock; who will accept them? I have not been able to find a firm that accepts Pink Sheet stock? Please Help!!
if you hear of any firms accepting paper certs for penny stocks, please let me know. I can find no one in either the U.S. or Canada willing to accept these certs.
I have 15,000,000 shares of Green Star Products, Inc to sell GSPI Can you do the trade for me? I have three certs of 5 mill shares each
Zecco now charges for penny stocks. I use Zecco and just got of a live chat with them. They stopped excuting my trades recently and when I asked, they said the message I now get says they charge up to $700 dollars for these trades and do them by phone. Is there another stock broker that trades in penny stocks as good as Zecco was?