Best Trading Platform For Otc Stocks

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Penny stocks are notorious for their extreme volatility – every trade you make can result in a quick profit or an even quicker loss.

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I don’t want you to lose money when you are trading, just because you are using the wrong broker. That’s why I’ve put together this list of my favorite apps for penny stocks.

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Tip: Penny stock traders under PDT (US regulators require a minimum $25,000 margin account for day trading) are limited to 3 or fewer trades in 5 days. You can open accounts with multiple brokerages to increase your trading volume or try these PDT theory brokers.

Penny stocks, so please note the features I have highlighted to help you find the best penny stock trading platform for your trading style.

TradeStation is the best broker for trading OTC stocks (and our #1 pick for the best day trading platform). It is fast, reliable, powerful and affordable.

As I mentioned above, quick business execution is of great importance. TradeStation measures them at 0.038 seconds, meaning you’ll never miss a perfect entry/exit.

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TradeStation’s mission is to benefit its traders. Its charts, order tickets, educational materials and other resources were designed to unlock your full potential.

One of my favorite features is window linking, which allows you to list related tickers in one window, then switch between their charts in another window. This can really help when penny stocks are moving in sync with sector leaders or market price action in general.

If you have an account with their brokerage, TradeStation’s penny stock trading platform is free (you must maintain a minimum account balance or activity level to maintain access to your free penny stock trading app).

Commission/Fees: $1 (minimum 200 shares), $0.005 per share OTC stocks None for limit orders on listed stocks traded below $1 ($0.99 minimum and $7.95 maximum)

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TradeZero’s offering is a bit more complex than other best online brokers for penny stocks. Traders accustomed to leaving commissions on listed stocks may be confused by the complex fee structure – trading is free only under the following conditions:

This powerful platform is easy to use when you accept a $1 minimum fee on all other transactions. If TradeZero helps you become profitable, you shouldn’t bother with the $1 fee anyway.

TradeZerodoes has a good reputation as the best penny stock trading platform for shorting. Its locator service is one of the best online brokers for penny stock shorting – both in terms of availability and visualization of hard-to-buy stocks. It also has a feature that allows you to sell your short positions to other willing short sellers.

Traders with a long bias will also enjoy its powerful penny stock trading platforms, ZeroPro and ZeroWeb. Although they are not free, these penny stock trading apps

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Robust — Over 100 technical indicators can be tailored to any penny stock trading strategy. At $59 per month, it’s not the most expensive app for penny stocks.

TradeZero is a Bahamas-based exchange notable for allowing US traders to skirt PDT. Now its US branch, both PDT and merchant-centric security rules apply.

Its mobile app combines user-friendliness with power, especially for merchants. This is the best phone app for penny stock trading for listed penny stocks, and its desktop platform is no slouch either.

Webell’s app features over 50 technical indicators, highly customizable charts, and the ability to place orders directly from the chart. For traders looking to start penny stock trading with minimal fuss, Weibel checks all the boxes.

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Although I have to give a little ding to his complex penny stock requirements. Although it is free to trade OTC stocks — making Webble an outlier among OTC brokers — it limits its listings to about 100 of the most valuable companies. While it’s nice to be able to trade for free, this 100-company limit prevents Weibull traders from participating in the out-of-nowhere rallies that unknown OTC stocks sometimes go on.

That doesn’t detract from Weibel’s place among the best apps for penny stocks. If you’re a mobile first trader, try Webble – you get free stocks for signing up!

Their parent company created the first automated algorithmic trading system that could submit orders to the market. The company is always innovating, so it’s no wonder that IBKR is now one of the best trading platforms for penny stocks.

Professional traders appreciate the top-line trading software and low margin rates of the IBKR Pro account. IBKR also has a zero commission account, IBKR Lite, which still rates among the best brokers for OTC stocks and other penny stocks.

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Newbie traders can be overwhelmed by downloadable trader workstations – if so, there’s a simple web platform. Trader Workstation has all the cool tools like Option Strategy Lab which allows traders to compare up to five strategies at once.

IBKR Pro accounts give traders access to smart order routing, which is one way IBKR achieves its top-line order execution.

An IBKR account is jumping into the deep end of the penny stock platform. If you are up for a challenge, this is a great choice.

For my trading style, the best trading platform for penny stocks is TradeStation. It has everything an active penny stock trader could want. Plus, you can combine it with a subscription to TradingView Pro+ to create a complete trading setup.

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You can buy penny stocks listed on TradeStation, TradeZero, Webble and Interactive Brokers. You can buy OTC penny stocks on TradeStation, TradeZero, Webble and Interactive Brokers.

Did you know that stocks rated “buys” by the top analysts in K’s database beat the S&P500 by 98.4% last year?

Ed began his career in financial journalism as an editor for Vietnam Investment Review – he’s still more passionate about Vietnam’s dairy industry than you know. After returning to the US in 2018, he became interested in the growing world of retail trading, stock-picking services and writing for mainstream outlets such as The Independent. After he sold the PLUG he might never get over it. Almost every day people ask me “Can I do business where I live?” Ironically, they ask me on Instagram and Facebook. Ask me on Twitter or by email. They ask me on the internet.

You can do this anywhere in the world if you have internet access. It doesn’t matter whether you are using a smartphone, laptop, iPad or tablet. It doesn’t matter if you’re using Wi-Fi or a landline.

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This is the most wonderful time in history. As long as you have internet access that allows data to come through and you can see the flashing green and red lights, you can trade. With the Penny Stock Trading App, you can trade with signals from anywhere.

The crazy thing is that we are only at the beginning of this thing called the Internet. The speed of technology is increasing. Buckle up, because the ride just gets more fun from here on out.

If you come to the game, that is. Don’t sit on the sidelines for too long. If you’re ready to start trading, there’s no better way to gain knowledge than a trading challenge.

First let me clarify something. Not all apps described in this post are created equal. Not all penny stocks are designed for trading. Some ‘commercial’ apps aren’t either. Rather they are tools to help you in trading. You can use it for research, charting and news.

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Stand-alone trading platforms, news/research applications and social trading applications. I have not categorized them specifically as such. This post is more about the apps you should check out. If they fit your strategy, you can use them.

While covering the basics (and two of my favorites), this list is not exhaustive. Also, most of the apps mentioned are not specifically penny stock trading apps. Remember, penny stocks are a special part of the financial world. Some apps have access to everything you need to trade. Some are better than others. Winter is coming…

Also, any application created by a brokerage gives you access to your account with that particular broker. For example, the Power E*Trade application is specific to an E*Trade account. Robin Hood has its own app and Schwab has its own stock trading platform.

First, a solid penny stock trading app is like having many apps in one. You get Penny Stock News App, Penny Stock Trading App and Penny Stock Screener.

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If you’re wondering why this is such a big deal, imagine having to buy different apps. Then you have to jump from one app to another to get the real-time information you need to trade. That’s how it was back in the day.

And you still can.

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