posted
I am new to penny trading. However, I am a regular at options.I would like to know if anyone has a specific company they are happy with for trading penny stocks. I currently use Scottrade for all my investing needs. Scottrade has a 1/2% on principle that I would like to avoid.
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i use ameritrade... very professional... choicetrade doesnt look professional... i ordered a information kit and when it came here it was just 5 peices of printer paper printed from their website, in black & white ink....
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quote:Originally posted by ghosty: i use ameritrade... very professional... choicetrade doesnt look professional... i ordered a information kit and when it came here it was just 5 peices of printer paper printed from their website, in black & white ink....
cust service is superb.. execution speed is speed of light. commission is rock bottom ($5 / trade stock and .99 cents Option).. what more can u ask for?
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quote:Originally posted by ghosty: i use ameritrade... very professional... choicetrade doesnt look professional... i ordered a information kit and when it came here it was just 5 peices of printer paper printed from their website, in black & white ink....
cust service is superb.. execution speed is speed of light. commission is rock bottom ($5 / trade stock and .99 cents Option).. what more can u ask for?
a company that shows more professionalism rather than printing out a copy of their webpage in black and white on computer paper. ameritrade gave you a nice booklet, with more information thats presented on the website.
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quote:Originally posted by ghosty: i use ameritrade... very professional... choicetrade doesnt look professional... i ordered a information kit and when it came here it was just 5 peices of printer paper printed from their website, in black & white ink....
cust service is superb.. execution speed is speed of light. commission is rock bottom ($5 / trade stock and .99 cents Option).. what more can u ask for?
a company that shows more professionalism rather than printing out a copy of their webpage in black and white on computer paper. ameritrade gave you a nice booklet, with more information thats presented on the website.
anytime.. day or nite .. I'll take the black and white print out with excellent phone support Over a 10 page brochure.. and rate that is twice as much as choictrades.
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i make an average of 6 trades a day .. thats roughly 120 trades a month .. a difference in commission of $600/ month .. I dont wanna believe you saying that brochure is worth that much..
posted
trading direct is crap. 1 million share max on 10 dollar trades. moving my shares out of there soon. found a great Canadian broker- quest trade. Canadians can't open accounts with US broker no more. stupid Canadian law. and the US brokers don't wanna break it because they might wanna do business in Canada one day.
anyhow, my thoughts-
ChoiceTrade looks good. i was the first to mention that broker here. i should get a t-shirt from them or something. i called 'em once..the guy was nice. i like courtesy over the phone...alot of times its so rushed the conversation.
umm yeah 5 bucks a trade, they are the best. i was gonna mention others because u get free pink sheet data with them but u could just pay for the data from alpha trade and it'd be cheaper than using Empire Now or Ameritrade or another discount broker. (okay i mentioned a couple others)
maybe there is a new kid on the block too. i haven't checked in a while.
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i use E*trade 9.99$ for all trades ... i heared there are other once how cost 7 dollars .. by e*trade if you are using lots of trades you get power etrade for free (level 2 etc etc ) i like it
i also have to say i have not used anything else
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I use LowTrades. $5 per trade, no deposit/minimum to open an account. The only problems is the interface is a bit clunky and no Canadian stocks. But the execution is good and the price is the lowest I know of.
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can you trade pinksheets and bb stocks through choicetrade without extra fees? can you even trade them at all? i know some brokers won't allow you to trades the sub-penny stocks. i am down to choosing lowtrades or choicetrade, anyone have an opinion on which way i should go? thanks for your help. -skip
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well i went to choice trade filled out all the paper work and put the effort in.. and when i finished putting my address in i went to put my state in.. it won't take it so after 5 or 6 tries i find a statement "why is your state not listed" well they only service about 3.
So i clicked the droped down menue and there was only about 3 states listed...
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