Online broker for a small account?

[Jonyface]

Can you suggest a suitable broker for me?

- I plan on starting with penny stocks (anything less than $2).
- I'll be looking at the cheapest stocks to hopefully buy in large volume.
- I will have $1000 to invest
- Multiple trades per month since I will be trading penny stocks
- I don't want fees that will eat my profits away

Anything else you need to know about me?

 

[Kiwikurt]

Morning Jonyface,

There are too many brokers to choose from! I'd recommend viewing these independent sites to see what broker will suit you best: money co uk, Independent Investor, City Falcon.

 

[ph_trader]

are we talking about US based brokers or offshores? i guess there are good names in the US oanda and FXCM though FXCM went some rough times this jaunuary, offshore Id say hf markets are a good option.

 

[tar]

For penny stocks check Choicetrade.com , cash account no minimum ...

 

[tradespreads]

Another cookie-cutter website from a broker, the same format that all the scammers use.
Offer $100,000 in virtual funds, and fail to see the logic in that if users can't choose the specific amount that they want to work with. I suspect the amount is there to promote a gambler mentality in their customers/users.

 

[VeerTrade]

First and foremost make sure the broker is regulated.

Then it comes down to personal preference.

You do not want to be paying high fees but do not sacrifice high quality service, execution and reliability for fees.

By all means look at reviews but ultimately it should be your own decision.