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Member
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?
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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
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Member
I thought Etrade was $10 per trade? I have to look into this.
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Schwab 4.95 unlimited trades.
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Usually you can get lower rates when you ask your broker.
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Member
Good to know. I have to change something. Scottrade isn't cutting it anymore.