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
@MayorGeld Hi, I'm curious about execution at Questrade. I currently use TD Waterhouse and whenever I trade volatile stocks on the NASDAQ or OTCBB that are low priced I have to have my order reviewed by a Rep before it can get executed. At questrade is there fast executions that don't have to go through this process?
[TimAlerts] hey, was wondering if someone can help me out. I'm from Canada and using Questrade as a broker right now, their platform's not as great as I'd like. my question is how are people finding the stocks that are going r/g or g/r or have huge volume and spikes during the morning? Example, NVCN today went r/g and spiked for 10cents. I saw some people catch this move but I was too late..
[TimAlerts] Made a premarket order of $TSRI at 8:58am. I put my limit at 5.50 but it automatically got filled at 5.98 with a 6.68 limit at 6000 shares. Never had this happened before. I sold 1000 shares at 5.99, kept the rest in case it pops, went downhill too quickly to cut my losses, and sold in the 4.70, later noticed Tim sold it too. Minutes later it goes back up to 5.70s! Lost $2242. Lesson: Watch out for weird Premarket orders glitches on Questrade.com and cancel order ASAP
@AirplaneJane Hello Jane, I live in canada and started with Questrade($2000) about 6 weeks ago and now down to $900. Not sure if i chose the right broker but ill admit that I am a newbie and have not purchased tims dvds yet but i will asap