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).
Posts: 3 | From: US | Registered: Apr 2008
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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.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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