My opinion on the best penny stock brokers - Etrade and Interactive Brokers have high account minimums and don’t accept people from certain countries so it's best to for people with smaller accounts to use Questrade, Schwab, SpeedTrader, Scottrade and Fidelity. I would highly recommend avoiding brokerages like Robinhood and Suretrader. Suretrader are based off-shore, allowing you to bypass the Pattern Day Trader rule but have recieved a lot of negative reviews from previous customers. Robinhood are free but you're at a serious disadvantage to your competition, it's like showing up to a gun fight with a knife. https://www.youtube.com/watch?v=tnqadcBE57I
@dux Mister dux, i just wanted to know when you traded with Interactive Brokers did you use the trader workstation platform or just the webtrader to place your orders? And what do you use for charting stockstotrade? thx
@zelus699 Here is screenshot of my Market Data selections in Interactive Brokers setup. Fee for general bundle waived once you get up to certain number of trades per month. Then added Level I from NYSE / AMEX and NASDAQ. I may adjust to dropping NYSE / AMEX and OTC as I get more into focusing on pennystocks. But NASDAQ Level II for sure.
@Arussell125, Hi Arick, hope your have a few minutes. My question is regarding the SpeedTrader broker you started using. Was there a key difference you selected SpeedTrader vs Interactive Brokers? thanks man.
Updated Interactive Brokers scanner to include Volume and Float information. Back to studying.....
Guys, this is also my question, I am currently struggling around to find out the best, cheapest and reliable broker + platform. Can you please help letting us know what's your opinion about it? I can't start with E-trade or Interactive Brokers because I don't have the minimum deposit amount to start with, but I have less than that and I am not less than 26 year old unfortunately :) Thank you all in advance with your support. Victor
Monday 1/16: Completed 'How to Make Millions' DVD Tuesday 1/17: Completed funding of Interactive Brokers account
Funded Interactive Brokers account today with $10,000 starting account. It is a multi-day process: application, ID verification, ACH amounts sent to bank and confirmed, completion of pending application. But online secure funding process better than writing a check and sending in the mail.....
Testing ideas, reading charts, assembling watch lists, learning Interactive Brokers TWS platform.... $OPK loss of almost 20% 12/30 following news of failed drug result "no statistical difference vs placebo" - now in long channel / dip. Testing resistance at 9.40 but ended red on increasing volume late Friday. Breakout at 9.40 = long opportunity? Or short if breakthrough 9.00? QTNT gap up forming possible dip buy at 6.21 if it holds support. Breakout resistance at 6.65...