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To buy penny stocks without a broker, start by opening an account with an online brokerage service like E-Trade or TD Ameritrade, so that you can monitor the stocks yourself. Then, use your online account to make your purchases and trades.
Theoretically, buying penny stocks without a broker is possible by using direct stock purchase plans. You can buy shares directly from the issuing company via a transfer agent,...
Instead, look for a broker with no surcharges or volume restrictions, and find one that allows you to trade penny stocks just as you would regularly priced stocks, so you keep your trading...
Penny stocks (also called OTC stocks) are low-priced securities that trade for less than $5 a share. Here are NerdWallet's picks for the best brokers for penny stock trading.
TradeZero – The Best Penny Stock Broker for Short Sellers. Webull – The Best Mobile App for Penny Stock Trading. Interactive Brokers – The Best Penny Stock Broker for Sophisticated Traders. Read more: Webull is also one of the best Robinhood alternatives.
Step 1: Do your research. To make money from penny stocks, you need to do your research. There are several online resources, but one of the best ways to find good penny stocks is to use the MarketBeat stock screener. A stock screener allows you to search for stocks that meet certain criteria.
One popular method is to use stock screening tools, such as the one found on the OTC Markets website or Finviz. Screening for stocks with a price under $1 is the easiest way to narrow down the...
Many penny stocks are traded via over-the-counter (OTC) platforms such as the OTCBB or Pink Sheets provided through online brokers, as they do not meet the listing requirements of major...
After hundreds of hours of comprehensive research, data analysis, and live broker platform demos, E*TRADE offers the best user experience and suite of features for those looking to trade penny...
Trading Style – choose your day trading style. Internet – make sure to have a high-speed internet connection. Hot Keys – use hotkeys to get in and out of trades quickly. Scanner – use a good gap-and-go and high-of-day scanner to search for penny stocks to trade.