Best Penny Stock Trading Sites

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These are the best penny stock trading sites for 2018. If you’re going to trade penny stocks, you’ll need an online penny stock broker. Overall, Ally Invest is the best choice for new and experienced penny stock traders alike.  See summary table

Best Penny Stock Trading Sites

Penny Stock Broker

Trading Platform

Standard Trading Fee

Ally Invest

TradeKing Live

$3.95

TradeStation

TradeStation Pro

$5.00

TD Ameritrade

thinkorswim

$6.95

SureTrader

SureTrader Pro

$4.95

E-Trade

Options House

$6.95

Here are the top choices for penny stock trading sites based on minimum deposit amounts, customer services, and quality of trading platforms.

Best Overall Penny Stock Trading Site

Best Option for Non-US Residents

Final Thoughts

Penny stocks are interesting. Lots of investors won’t touch penny stocks with a ten foot pole, but other investors, like Tim Sykes, have made multiple millions from the ultra low priced securities and swear that they’re easier to make money in than traditional blue-chip stocks.

There is definitely some merit to the idea that penny stocks offer more opportunity than regular priced stocks. Often times, penny stocks can fluctuate anywhere from 20% to 200% in a single day. Because penny stocks have such small market capitalizations, large buy or sell orders have a very significant impact.

It is important to remember that due to the increased volatility, it may be necessary to enter and exit penny stock trades much more frequently than you might think. Therefore, it is always wise to choose a penny stock trading site with the lowest fees and a platform that is very easy to use.

Finding Penny Stocks to Trade

Once you find out where to trade penny stocks, you’ll have to find penny stocks to trade.

This is another reason why we love Ally, because they offer free tools that allow traders to search for stocks with the largest daily percentage gains and losses.

Ally Penny Stock Screener Tool

This is an incredibly value tool for traders looking to find volatile stocks ripe for buying or selling. We recently highlighted four interesting penny stocks to buy in 2018.

TRADE PENNY STOCKSopen an Ally Invest account
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