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Author Topic: best penny trade website?
Dino
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hi,
where is the best (and cheapest) site to buy and sell these penny stocks?

im not looking to invest ALOT of money...just wanting to try stuff out....i am very new to this and dont want to get burned....any help out there??

You guys seem to be on top of your game...
please help..
Dino

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Dino
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I am using sharebuilder right now, but not alot of the cheap stocks avaiable....
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Bob Frey
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www.Choicetrade.com
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EverGreen
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LowTrades has changed their comm.
(down to 2.99)
BUT is still keeping misc.fees for quantities above 100000
(so for pennies is not very cheap ...)

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Dino
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thanks for the help so far...

but what is a "margin account"??

i am new and need all the help i can get....

thanks again..
Dino

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jason10
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http://www.investopedia.com/

if your new and have questions this site is awesome i should probly visit it more often myself

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glenngsxr
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margin accounts allow you to apply for money on loan. Kind of like borrowing some cash to trade with. Most companies require you to have a minimum balance in your own account and each companies' rates differ.

--------------------
wide open until you see god, then brake!

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Dino
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other than the 2 sites that evergreen and bob frey have listed what does everybody else use?

is this in another thread?

Dino

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jason10
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i decided on ameritrade cause scottrade has .005 per share over 500 shares

per trade it was the lowest i could find when i looked that choice trade looks good but there isnt nearly enough information there id never put my money there

most investment websites have VERY detailed info on charges and even how they operate available to you before you ever make an account

--------------------
"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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bdgee
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EverGreen reports that, "LowTrades has changed their comm.
(down to 2.99)".

I must either be doing something wrong or the change he speaks of has been since the 21st, because they charged me $5 to purchase 200 shares that day.

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harleydavidson
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www.ameritrade.com is 10.99 per trade. The first month - the first 30 trades are free. It takes $1000.00 to start trading. Good Luck.
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