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  1. #1
    Member Big dreams's Avatar
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    Online Stock Brokers

    What are you guys using? I have been using Scottrade for years. Recently, I started dabbling in penny stocks less than $1. I found out my $7 trade fee is only for stocks more than $1. For a $500 investment, they charged an extra 2.50 per transaction.

    So what do you use and how do you like it? How do they handle penny stocks?

  2. #2
    I use Etrade and TdAmeritrade. Etrade is morr penny stock friendly as you can trade penny stock that have. DTC chill on them unlike TDA. I pay a flat $6 at tdameritrade and $4.95 at Etrade

  3. Member Big dreams's Avatar
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    #3
    I thought Etrade was $10 per trade? I have to look into this.

  4. Derek McCullough
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    Nov 2010
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    Dalton GA
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    #4
    Schwab 4.95 unlimited trades.

  5. #5
    Usually you can get lower rates when you ask your broker.

  6. Member Big dreams's Avatar
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    #6
    Good to know. I have to change something. Scottrade isn't cutting it anymore.