Best Penny Stock Brokers

If you plan to trade penny stocks then one of the first steps that you need to take is to find a good penny stock broker. Some of the best and most popular online brokers that will take orders for penny stocks include TD Ameritrade, Scottrade, E-Trade  and Zecco:

TD Ameritrade - It has received many awards and recognition as one of the best online brokers. TD Ameritrade was ranked No. 1 and received an overall score of 5 stars (tied for 1st place) in the Kiplinger's Online Broker Ratings, Kiplinger's Personal Finance, 02/2011. A total of 14 brokers were rated in the categories including: Costs, Web Site Usability, Investment Choices, Customer Service, and Research and Tools.

Scottrade - The Brand Keys Customer Loyalty Engagement Index ranked Scottrade as a top online brokerage firm for the seventh consecutive time (February 2011). Barron's has also named Scottrade one of the best online brokerages firms for buy and hold investors.

E*TRADE - In the Barron's annual ranking of the Best Online Brokers (March 14, 2011), E*TRADE was ranked 13th overall. The ratings were based on Trade Experience, Trade Technology, Usability, Range of Offerings, Research Amenities, Portfolio Analysis & Reports, Customer Service & Education, and Costs.

Zecco - It is one of the best online stock brokerage firms that offers low cost stock trades and low cost options trades, with low commission rates, a comprehensive set of free stock trading tools, and great customer service.

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