Allstocks.com's Bulletin Board: Choicetrade or lowtrades??

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Posted by <sharkone> on :

Sharkone away from regular 'puter again....

I have been researching different brokers for penny trading. I've narrowed the search down to Lowtrades.com and Choicetrade.com Any suggestions on which is best and why....I don't think I will be transacting more than 10 trades a month or so.

Any imput would be greatly appreciated.

Thanks,
Sharkone

Posted by EverGreen on :

both $5 but lowtrade has misc.fees (1%) for quantities above 100000
so if you trade pennies it's killing you

Posted by bdgee on :

I trade more than 10 times a month, but less than 100......I've been paying $2.50 per trade.
I think that deal goes through September. I have at times traded over 100,000 shares, but havent had to pay any additional fees. I do know that Lowtrades doesn't allow stops on stocks below $1 and I have been told choicetrades will allow stops to at least 60 cents. Whether or not they go lower, I have no idea.