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.

* Featured Articles:

Best Online Stock Broker

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Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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