We found 11 online brokers that are appropriate for Trading Day Trading Penny Stocks.
Best Day Trading Penny Stocks Guide
Updated February 28, 2021
Day Trading Penny Stocks
Do you want to know how to trade the penny stocks?
Is penny stock trading profitable and is it hard to do?
We explain the guide to Day Trading Penny Stocks in more detail.
What is Penny Stock Anyway?
A penny stock is the way to define the smaller sized company stocks. A quick way to decide if the stock is a penny stock can be found from the price of the stock.
Usually, the price is less than $5 per share. Although the price is small do not underestimate penny stocks because they are normally traded on giant exchanges like the NYSE.
Often you will be able to trade penny stocks over-the-counter.
How to Trade Penny Stocks
As mentioned, you can trade penny stocks on a large exchange like the NYSE and over the counter.
Penny stocks are not for beginners and you will need to understand the market before taking action.
It is crucial to play safe because penny stock trading is considered as one of the most volatile investments, thanks to its possible price swings.
Because of the price volatility of penny stocks they are very relevant to day traders.
The difference between the opening and closing price of a penny stock can be vast. Professional traders speculate with the aim of profiting on this volatility.
If you are frequently trading and willing to take risks, day trading penny stocks can be a great opportunity.
It allows you to make the trade in the short-term. It is easy to day trade the penny stock as Penny stocks are usually traded in a lower volume.
Due to these approaches, you will need to be aware of the strong takeaways and the risks. Day trading penny stocks requires the meticulous and well researched approach.
You will need to prepare an appropriate strategy to help you minimize the risks. As mentioned, trading penny stocks can be very volatile.
For those who are familiar with the penny stocks and day trading, you may not be surprised with the sudden movements in price.
If you are just beginning your journey in penny stocks day trading, you need to prepare your mentality first.
Sudden movements in the price can directly affect your results. The volatility can make or break your trading. Therefore, it is very important to stay updated to factors that affect penny stocks. Also make sure the broker platform you trade on is well regulated by a major European economy like the UK or Germany.
Getting started with Penny Stocks
To trade penny stocks, you will need to have a trading account with a trustworthy and reliable brokerage. It is important to know that you cannot trade the penny stocks in the major exchanges.
Consider to focus only on the top rated online brokerages. These places offer you great platforms to access the penny stock markets and make the trade as you desire without any hassle.
Keep in mind that you also need to consider the commission charged to you when you are trading. For most traders with higher volume of trading, the discounts are easily found.
Trading penny stocks requires good computing equipment. When you are about to join with the specific online brokerage sites, they will inform you about the computer specifications and requirements.
Fast Internet When Day Trading
Not to mention that you will also require a speedy and secure internet connection. It is important to keep updated with the real-time speeds and data sharing.
Not only high in volatility, penny stocks prices can quickly change in a matter of seconds.
This means as the traders, you will need to take action quickly based on the price changes of the penny stocks.
A slow computer and internet connection will only interfere with your activities and could make you lose enormous amounts of money.
The last thing you want is that you lose your money just because you were delayed on decision making due to your slow connection.
Trading Desktop Setup
The day traders often use the desktop systems to set up multiple monitors to display different information in one device. However, you do not have to focus on a PC for this purpose. Nowadays, you can easily find powerful laptops which can run the day trading platform and showcase the news feeds and other information on different screens.
Day Trading Penny Stocks Verdict
If you have researched and prepared your trades well, all you need to do is just proceed to the next step. Using your account, and make your first trade in penny stocks.
We've collected thousands of datapoints and written a guide to help you find the best Day Trading Penny Stocks for you. We hope this guide helps you find a reputable broker that matches what you need.
We list the what we think are the best day trading penny stocks below. You can go straight to the broker list here.
Reputable Day Trading Penny Stocks Checklist
There are a number of important factors to consider when picking an online Day Trading Penny Stocks trading brokerage.
Check your Day Trading Penny Stocks broker has a history of at least 2 years.
Check your Day Trading Penny Stocks broker has a reasonable sized customer support of at least 15.
Does the Day Trading Penny Stocks broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
Check your Day Trading Penny Stocks broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
Does your Day Trading Penny Stocks broker have an international presence in multiple countries. This includes local seminar presentations and training.
Make sure your Day Trading Penny Stocks can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Day Trading Penny Stocks.
We compare these features to make it easier for you to make a more informed choice.
Minimum deposit to open an account.
Available funding methods for the below Day Trading Penny Stocks.
What you are able to trade with each brokerage.
Trading Platforms offered by these brokers.
Spread type (if applicable) for each brokerage.
Customer support levels offered.
We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Day Trading Penny Stocks of 2021 compared
Here are the top Day Trading Penny Stocks.
Compare Day Trading Penny Stocks min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are day trading penny stocks. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more day trading penny stocks that accept day trading penny stocks clients
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Losses can exceed deposits
75% of retail investor accounts lose money when trading CFDs with this provider
US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
US
CU, IR, KP, SY, UA
All Day trading penny stocks in more detail
You can compare Day Trading Penny Stocks ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options,
regulation and account types side by side.
Trading the financial markets with Day Trading Penny Stocks when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Day Trading Penny Stocks
is the platform that a Day Trading Penny Stocks offer.
Choose Day Trading Penny Stocks that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Day Trading Penny Stocks that you can rely on.
6 Factors to Consider when Choosing Day Trading Penny Stocks
Follow these five rules for selecting a broker that's right for you:
Are Your Day Trading Penny Stocks Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets.
The top rated Day Trading Penny Stocks broker is
XTB.
Established in 2002, and in operation for 16 years
XTB
have a head office in Poland.
XTB
is regulated. This means XTB are supervised by and is checked for conduct by
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) regulatory bodies.
Trading 212
was established 2006, and in operation for 14 years
Trading 212
have a head office in UK.
Trading 212
is regulated. This means Trading 212 are supervised by and is checked for conduct by
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) regulatory bodies.
Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Losses can exceed deposits
75% of retail investor accounts lose money when trading CFDs with this provider
Losses can exceed deposits
Your capital is at risk
Are The Day Trading Penny Stocks World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader.
XTB Segregates clients funds and offers over 4000 instruments.
XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, XTB supports many popular third-party trading platforms enabling access to a
variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy.
XTB is a world-leader when it comes to innovation and they are always looking at ways to improve
and to maintain their competitive advantage.
Another good choice when looking for Day Trading Penny Stocks is
Trading 212 .
Trading 212 Segregates clients funds and offers over 3000 instruments.
MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Web Trader, Tablet & Mobile apps
Web Trader, Tablet & Mobile apps
MT4, Web Trader, Tablet & Mobile apps
MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps
MT4,WEB,desktop
Excluded Countries
US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR
US
US
US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
US
Forex pairs offered
57
177
55
100
150
100
Forex pairs offered
57
177
55
100
150
100
Major forex pairs
Yes
Yes
Yes
Yes
Yes
Yes
Minor forex pairs
Yes
Yes
Yes
Yes
Yes
No
Exotic forex pairs
Yes
Yes
Yes
Yes
Yes
No
Cryptocurrencies (availability subject to regulation)
Yes
Yes
Yes
Yes
No
Yes
Commodities Offered
21
14
16
26
7
0
Metals
Yes
Yes
Yes
Yes
Yes
Yes
Energies
Yes
Yes
Yes
Yes
Yes
Yes
Agricultural
Yes
Yes
Yes
Yes
No
Yes
Stocks Offered
1696
1731
1000
4500
0
53
UK Shares
Yes
Yes
Yes
Yes
Yes
Yes
US Shares
Yes
Yes
Yes
Yes
Yes
No
German Shares
Yes
Yes
Yes
Yes
Yes
No
Japanese Shares
Yes
Yes
Yes
Yes
Yes
No
What are the Day Trading Penny Stocks Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Day Trading Penny Stocks broker XTB
offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
Another top rated Day Trading Penny Stocks broker Trading 212 offers
Stocks, Forex, Commodities, Indices. Trading 212 minimum deposit is 1.
Please note that any cryptocurrency availability with any broker is subject to regulation.
What are the Day Trading Penny Stocks Funding and Withdrawal Methods?
When dealing with Day Trading Penny Stocks having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
Find Day Trading Penny Stocks with Round-the-clock support?
Customer service is very important when dealing with Day Trading Penny Stocks.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services.
It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Day Trading Penny Stocks customer support can include Phone answering services, Live chat support and Email customer service support.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Trading 212 support a wide range of languages including English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文
XTB and Trading 212 offer support where clients are able to call or contact the helpdesk via email or a chat service.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Losses can exceed deposits
75% of retail investor accounts lose money when trading CFDs with this provider
Losses can exceed deposits
Your capital is at risk
Make sure the Day Trading Penny Stocks Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools.
With a wealth of knowledge from top analysts, XTB and
Trading 212 work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important,
along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation.
As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as
selecting the best broker to access the markets.
Why do Day Trading Penny Stocks need to be regulated?
A regulated Day Trading Penny Stocks broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Day Trading Penny Stocks brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated.
This amounts to fraud if client money is used to conduct the business.
Regulation is required to make sure this does not happen.
XTB was established in 2002 and is used
by over 250000+ traders. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. XTB offers Forex, CFDs, Cryptocurrency.
Cryptocurrency availability with XTB is subject to regulation.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Trading 212 was established in 2006 and is used
by over 14000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading 212 offers Stocks, Forex, Commodities, Indices.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Web Trader, Tablet & Mobile apps
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
City Index was established in 1983 and is used
by over 14000+ traders. 75% of retail investor accounts lose money when trading CFDs with this provider City Index offers Forex, CFDs, Spread Betting.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
MT4, Web Trader, Tablet & Mobile apps
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS)
ForexMart was established in 2015 and is used
by over 10000+ traders. Your capital is at risk ForexMart offers Forex trading, CFD trading, Social trading, Share Dealing, Crypocurrency trading.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
MT4,WEB,desktop
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
HDFC Securities was established in 2000 and is used
by over 2000000+ traders. Your capital is at risk HDFC Securities offers Demat Account, Trading Account, NRI Account, Commodity Trading, Currency Trading, Mutual Fund Account, NPS Account.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Web Trader, Tablet & Mobile apps
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
ICICI Direct was established in 1994 and is used
by over 2000000+ traders. Your capital is at risk ICICI Direct offers Equity Trading, Derivatives Trading, Mutual Fund & IPO, Fixed Deposit, Bond, NCD, wealth products.
Funding methods
Bank transfer
Credit Card
Paypal
Platforms
Web Trader, Tablet & Mobile apps
Customer support
Live chat Phone support Email support
Account Types
Micro account
Standard account
Islamic account
VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
The best Day trading penny stoc broker is XTB. We consider
XTB one of the best Day trading penny stocks brokers because XTB is actively
used by over 250000 active traders.
XTB ia regulated by tier 1 financial regulators including Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG). XTB were founded in 2002 and have a headquarters in Poland. You can open a live trading account with XTB with as little as a 0 min deposit.
Related Day Trading Penny Stocks Reviews
Read our reviews on our Day Trading Penny Stocks listed above. You can read our indepth Day Trading Penny Stocks reviews below.
If you feel some of the above Day Trading Penny Stocks are not quiet what you are looking for or perhaps you would just like to see some alternatives.
See our highly rated list of Day Trading Penny Stocks alternatives below.
You can read some of our Day Trading Penny Stocks comparisons.
We compare side by side some of our top rated Day Trading Penny Stocks .
Read some Day Trading Penny Stocks VS pages below.