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
| Broker |
XTB
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Trading212
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SpreadEx
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City Index
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Swissquote
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forexmart
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hdfcsecurities
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icicidirect
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sharekhan
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Zerodha
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Robinhood
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| Rating | |||||||||||
| Regulation | 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) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Min Deposit | No minimum deposit | 1 | 1 | 25 | 1000 | 1 | No minimum deposit | No minimum deposit | No minimum deposit | No minimum deposit | No minimum deposit |
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| Used By | 250,000+ | 14,000,000+ | 10,000+ | 14,000+ | 300,000+ | 10,000+ | 2,000,000+ | 2,000,000+ | 1,500,000+ | 1,500,000+ | 10,000,000+ |
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| Platforms | 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 | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with xtb |
Sign
Up with trading212 |
Sign
Up with spreadex |
Sign
Up with cityindex |
Sign
Up with swissquote |
Sign
Up with forexmart |
Sign
Up with hdfcsecurities |
Sign
Up with icicidirect |
Sign
Up with sharekhan |
Sign
Up with zerodha |
Sign
Up with robinhood |
| Risk Warning | 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 | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk | Your capital is at risk |
| Demo |
XTB Demo |
Trading 212 Demo |
SpreadEx Demo |
City Index Demo |
Swissquote Demo |
ForexMart Demo |
HDFC Securities Demo |
ICICI Direct Demo |
Sharekhan Demo |
Zerodha Demo |
Robinhood Demo |
| Excluded Countries | US, IN, PK, BD, NG , ID, BE | US | US, TR | 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.
We also have an indepth Top Day Trading Penny Stocks for 2021 article further below. You can see it now by clicking here
We have listed top Day trading penny stocks below.
Day Trading Penny Stocks Table of Contents
- Day Trading Penny Stocks Explained
- 6 Factors to Consider when Choosing Day Trading Penny Stocks
- Are Your Day Trading Penny Stocks Trusted And Established?
- Are The Day Trading Penny Stocks World Leading?
- What are the Day Trading Penny Stocks Commissions and Fees?
- What are the Day Trading Penny Stocks Funding and Withdrawl Methods?
- Find Day Trading Penny Stocks with Round-the-clock support?
- Make sure the Day Trading Penny Stocks Offer Comprehensive Trader resources?
- Why do Day Trading Penny Stocks need to be regulated?
- Day Trading Penny Stocks FAQ
- What are the best Day trading penny stocks brokers?
- What is the best Day trading penny stoc broker?
- Related Day Trading Penny Stocks Reviews
- Related Day Trading Penny Stocks Alternatives
- Related Day Trading Penny Stocks Comparisons
Day Trading Penny Stocks Explained
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.
Another top rated broker is Trading 212.
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.
| Broker |
XTB
|
Trading212
|
SpreadEx
|
City Index
|
Swissquote
|
forexmart
|
| Year Established | 2002 | 2006 | 1999 | 1983 | 1999 | 2015 |
| Head Office | Poland | UK | UK | UK | Switzerland | Cyprus |
| Regulation | 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) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 250,000+ | 14,000,000+ | 10,000+ | 14,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | No | Yes |
| Guaranteed Stop Loss | No | Yes | Yes | Yes | No | Yes but 10% |
| Learn More | Visit XTB | Visit Trading 212 | Visit SpreadEx | Visit City Index | Visit Swissquote | Visit ForexMart |
| Risk Warning | 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.
| Broker |
XTB
|
Trading212
|
SpreadEx
|
City Index
|
Swissquote
|
forexmart
|
| Instruments Available | 4000 | 3000 | 15000 | 12500 | 100 | 111 |
| Platforms | 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.
| Broker |
XTB
|
Trading212
|
SpreadEx
|
City Index
|
Swissquote
|
forexmart
|
| Min Deposit | 0 | 1 | 1 | 25 | 1000 | 1 |
| Withdrawl Fees | varies | No | 0, minimum £50 | Varies | No | 5 |
| Inactivity Fees | No | No | No | Yes | No | No |
| Deposit Fees | No | No | No | Varies | No | Yes |
| CFD Commission Fees | Yes | No | No | 0.0015 | No | Yes |
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.
| Broker |
XTB
|
Trading212
|
SpreadEx
|
City Index
|
Swissquote
|
forexmart
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | No | No |
| Skrill | Yes | Yes | Yes | No | No | Yes |
| Payoneer | Yes | No | Yes | Yes | Yes | No |
| Neteller | Yes | No | No | No | No | Yes |
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.
| Broker |
XTB
|
Trading212
|
SpreadEx
|
City Index
|
Swissquote
|
forexmart
|
| Support |
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| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, РУССКИЙ, Romana, Turkce, العربية, 中文 | English | English, Spanish, German, Arabic, Polish, and Chinese | English, German, French, Italian, Spanish, Arabic, Russian, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |
| Learn More | Visit XTB | Visit Trading 212 | Visit SpreadEx | Visit City Index | Visit Swissquote | Visit ForexMart |
| Risk Warning | 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.
Day Trading Penny Stocks List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account