Its been close to 10 years since I trade penny stocks and would like get back in the game. Can you gents/gals advice on a good brokerage house? If the topic was covered, please accept my apologies as this site is fairly new to me.
I'm looking for: - Unlimited shares at a fixed rate - Quick order execution - Decent customer service (not a must) - Phone/Net orders - Level II quotes
I found izone to be affiliated with TD Ameritrade and they are fairly inexpensive $5 per trade and meet most of my requirements. However; I would like your opinion as in the past I used Etrade, Fidelity and FreedomInvestments, but most of which are asking way too much for penny orders.
I thank you for your time and suggestion(s).
PCola77
posted
ChoiceTrade. $5 per trade, usually very good customer service. Very VERY rare website downtime, and don't often (if ever) restrict a stock (many other brokerages won't et you buy a stock online that has "irregular activity", so you have to call it in, which most people don't botehr with.
I don't use their level 2s, so someone else will have to add a comment on that part.
For the record, I recommend strongly that you paper trade for a bit to get back in the swing of things, or you'll most likely lose a significant portion of your money in the beginning.
take care and good luck.
T e x
posted
ya, Choicetrade + Lowtrades a good combo. Am not fond of Choicetrade's streamer package, although it is serviceable.
Might check into Quotetracker, that is now bundled with Ameritrade, for free L2s...
Machiavelli
posted
For the love of God (though im agnostic and/ or atheist) read books!! books!! books!!! before jumping into this game.... :: tears ::