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Author Topic: what is the best place to buy my stocks  (Read 4109 times)
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robsmith123
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« on: November 16, 2011, 12:24:42 AM »

i want to start buying the penny stocks were is the best place to buy them from wright now i am using a free service just to see if i could make some money www.howthemarketworks.com i have made 2000 in a few months man i wish i was on a real time board were is the cheapest place i don't care about research or anything like that i am just going to listen to the Dr and buy and sell when he says so i want the cheapest place to do that
Thank you
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Dr PennyStock
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« Reply #1 on: November 16, 2011, 02:50:03 AM »

If you are asking for the best broker to trade stocks, but, where you also can trade options and forex, the best is TDAmeritrade, you pay $9.99 flat rate for every transaction, it's not the cheapest, but, due to the problem with penny stocks regarding the brokers that are using Penson Financial Services as the clearing firm, you have no other choice, TDAmeritrade is the best.
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Dandc3
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« Reply #2 on: November 16, 2011, 10:58:06 AM »

Can you elaborate on brokers using Penson? Thanks!!
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Dr PennyStock
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« Reply #3 on: November 16, 2011, 11:48:01 AM »

Can you elaborate on brokers using Penson? Thanks!!

The brokers that use Penson are not penny stock friendly, because many penny stocks are not accepted by DTCC and if you trade one of those, you may pay hundreds of dollars or maybe thousands for one trade.
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Dandc3
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« Reply #4 on: November 16, 2011, 11:51:42 AM »

OK, thanks for the explaination. I'll continue to use Ameritrade..... Smiley
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NeHuskerz
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« Reply #5 on: November 16, 2011, 01:56:25 PM »

OK, thanks for the explaination. I'll continue to use Ameritrade..... Smiley

http://investorshub.advfn.com/boards/board.aspx?board_id=18064

http://www.onlinebrokerrev.com/other_articles/clearing-firms.php

Etrade is good too.  Zecco used to be good for low price but no longer.
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Dandc3
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« Reply #6 on: November 18, 2011, 11:35:26 AM »

Thanks for the links, that's good information.
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