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Brokers for Penny Stocks

The online brokers are inexpensive. You can sign up and do everything else online, and will be up and running within days. Most brokers are straight forward, and they'll provide all the customer support you need to get set up.

Each broker has a different minimum amount required to open an account. Some will allow you to get set up with no money at all, while others ask you to deposit thousands up front.

Some brokers have a sliding commission scale, where you pay greater commissions if you have less in your account. For example, if you’ve only got five hundred dollars in your account, your commission rate is greater than somebody who has $20,000.

If you are a Peter Leeds Penny Stocks subscriber, then you get to benefit from our extensive discount broker rankings. We research the brokers, and rank them based on "friendliness" towards trading low-priced stocks. We:

  • call all of the brokers
  • e-mailed them from PeterLeeds.com, explaining our project
  • e-mailed them again, this time acting as potential clients
  • tracked their responses, looking for professionalism, helpfulness and reply times

As well, we considered their:

  • policies
  • commission rates
  • hidden/special fees

Out of this research, we came up with our official list of the "Top Penny Stock Friendly Brokers." This report is yours when you start your free trial to Peter Leeds Penny Stocks.