Scottrade Review

Scottrade® is a quite inexpensive online broker. They charge $7 for both market and limit orders. There are no annual fees, but they require $500 to open an account.

You will have a problem if you are trading penny stocks with Scottrade, because there is an additional fee for stocks under $1. In addition to the $7 commission, Scottrade charges an additional fee of 0.5% of the total stock value purchased. So if you spend $1000 on penny stock, you will need to pay an additional $5 commission.

What is the easiest way to trade penny stocks:

You can join penny stock newsletter. They will tell you when to enter and exit the market. One that I recommend is Microcapmillionaires. For a start they are Offering Non-Paid Subscribers 2 Free Stock Picks For a Limited Time. This Offer Will End Once a Reasonable Amount of Paid Subscribers Have Been Reached. So go HURRY try them for free..

Comments

About Author