Help! Best brokerage for day and penny trading?

J

jellystone1

New to this. Been playing on stock practice sites and up 56% in ten days. Going to try a little disposable income in day and swing trading and penny stocks. Where can I get the best price on multiple day trading commissions that supports otc penny stock trades as well as regular markets. Risky? Sure! Gambling nothing I have to have. Any help appreciated. Robert
 
I don't trade stocks but, look at Genesis Securities under broker reviews, highly rated, if you ever trade futures check out Velocity, I use them they are very good.
 
Geneisis Securities charges $200/mo for software fee + other small fee.

I think you better off using Scottrade or Ameritrade.
 
What brokerage served best when you traded otc? Appreciate the advice but think I may have to give a shot when I watch a stock purchased at 3.05 climb to 6.00 in two days then split three for one. I know most of these never move up but hunting the exception is part of the fun!
 
If you trade under $1 stocks, Scottrade would be one of the most expensive brokers. Before you go to Scottrade, please read the fine print of its commissions schedule.
 
Quote from thecalip:

Geneisis Securities charges $200/mo for software fee + other small fee.

I think you better off using Scottrade or Ameritrade.
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hmm, free advertising,,,,

are you the same person as jelly stone?
 
Quote from LasVegas_Bill:

hmm, free advertising,,,,

are you the same person as jelly stone?
More...

No. FYI, I use IB. I had used both scottrade and ameritrade in the past, and they both inferior compare to IB. I recommended them because they have a fix fee per trade. As for myself, I would never trady penny stocks, my preference is $25+ with average volume over 4mils.
 
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