There's many websites out that claim to be 100% accurate about picking penny stock winners, anyone who claims to be perfect all the time is just a good liar, and the sites that claim you can make $1 million in just a few trades by reinvesting the money from the winners don't realize this is impossible due to the lack of volume associated with some penny stocks.

 

Here at PennyStock101 we show you the realities of the penny stock world, and send you alerts with less hype and more research.

 

The term penny stock has evolved with the market. In the past, penny stocks were stocks that traded for less than a dollar per share. The SEC, however, modified the definition to include all shares trading below $5.

 

Today some of the world's biggest companies trade on the Penny Stock market such as the OTC BB or Pink Sheet Exchange.

Everyday there's a group of people that make huge amounts of money trading just penny stocks.  To join the ranks of these penny stock players requires the proper guidance and education.  Join our free email list and learn from our alerts.  Our alerts will get you familiar with how penny stocks move and alert you to stocks that are on the move.

The top online stock trading brokers should provide you with all the resources you need to make well-informed financial choices and the ability to buy and sell stocks from anywhere, including from your cell phone. Some support resources include educational materials such as articles, real–time charts, streaming news, investment calculators and call in phone number.

 

Being able to speak to a live broker is very important incase you are unable to trade from a phone or in the event of a computer crash.

We looked for services that provide good tools for choosing stocks or investments, and also offer a competitive trade and margin rate.  We also looked for trading services that can offer excellent, responsive customer support.

Below are the criteria Top Ten criteria's used to evaluate online stock brokers.

Fees/Commissions
Fees and commissions can quickly escalate, most services charge fees for trades, broker assisted trades, option trades and so on. We compared fees and margin rates as well as requirements like minimum account balances and account maintenance fees.

Investments Offered
Generally, all online stock trading services offer the ability to buy and sell stocks, options, mutual funds and exchange-traded funds. However, comprehensive services also provide access to a selection of international markets as well as investment services or options for retirement and education saving..

Trading/Investment Tools
Buy and selling stocks without the assistance of a broker can be intimidating. We looked for online stock trading services that provide educational resources as well as monitoring tools. The best online brokers offer tools such as investment calculators, analyst reports, cell phone alerts and useful charts, chains or graphs.

Ease of Use
Not all investors are pros; many are just starting out or only have a small amount to invest, so we looked for services that are easy-to-use for everyone, regardless of experience. The best online brokers also offer free assistance such as tutorials, articles, FAQs, blogs and so on. Additionally, some also offer one-on-one training.

Support/Customer Service
Because buying and selling stocks online can be a bit nerve racking, the best services provide excellent support by telephone, email, instant messaging and chat.

 

Our list of Top Online Brokers:  Etrade, Ameritrade, Scottrade, Charles Schwab,  Zecco.