How to Invest In Penny Stocks for 2024

We found 11 online brokers that are appropriate for Trading Penny Stocks Investment Platforms.

How to Invest In Penny Stocks Guide

Analysis by Andrew Blumer, Updated Last updated - April 24, 2024

How to Invest In Penny Stocks

Penny stocks are stocks that are exchanged for less than one dollar per share and belong to a small-sized business. While some penny stocks are brought and sold on major exchanges, like the New York Stock Exchange (NYSE), the majority are traded over the counter (OTC) via the digital OTC Bulletin Board (OTCBB) or the private limited OTC Markets Group. OTC trades do not have a trading floor and quotes are often completed entirely online.

Penny stocks used to be described as any stock sold for less than a dollar per stock. The United States SEC has since changed the definition to include those shares exchanged for less than $5. The SEC is an autonomous federal government agency tasked with protecting shareholders.

Penny stocks are typically limited to small businesses and rarely trade, implying a lack of liquidity and available buyers in the sector. Finding a price that will accurately reflect demand can be challenging due to low liquidity.

Penny stocks are the first practical steps for any new investors in the financial markets. Because of their cheap rates, an investor may own hundreds, maybe thousands of shares for a relatively small investment. With that much size, a profit of a few cents per share will result in huge percentage gains (a reverse negative scenario is also possible).

Where Do I Buy Penny Stocks?

You can browse and exchange your favourite investment products from all over the world on one seamless platform with brokerage firms. Thousands of shares are included, such as some penny stocks in the United Kingdom, and also in the international markets, such as the United States.

How Do I Invest in Penny Stocks and Where Do I Start?

These stocks are not typically traded on main stock exchanges because the major stock markets, such as the NYSE and NASDAQ, have listing criteria for companies on their platforms. As generally is anticipated, penny stocks do not see regular trading activity. In the case that several people are talking about a penny stock online, it price can be affected. If you are confident that you have done the relevant research, the next steps to follow in order to begin trading penny stocks are as follows.

Once you begin penny stock trading it is critical that you are aware of the associated risks. 20% fluctuations are quite common, and as most fund managers, like mutual funds, index funds, and wealth managers, are prohibited from exchanging penny stocks through their charters, these stocks have a small follower base among investors.

How to Choose a Penny Stock Trading Firm?

Generally, when dealing with penny stocks, it becomes difficult to tell the difference between companies with attractive future growth and those that do not include potential in penny stocks. As a result, before evaluating purchasing stocks, properly examine the firms you expect to buy into. In this case, you will probably need a consultancy service or completely outsource to a brokerage firm.

Brokers operate in various fields, so search around for one that will suit your needs when you create a brokerage account.

One element of penny stock investing that penny stock investors should pay particular consideration to is fee management. Some brokers charge fees based on the number of shares you own.

Best Penny Stocks to Invest In

Ascent Solar

Ascent Solar is among the top penny stocks to buy right now, and it has a lot of potential. NASA's Marshall Space Flight Center has chosen the photovoltaic cell manufacturer to participate in forthcoming flight demonstrations. The company had previously signed a stock sales contract with a private buyer for the 75 million shares at a set amount of $0.04 per share back in March.

Alpine 4 Holdings Inc

Alpine 4 Holdings Inc. is a company that specialises in fabrication and renewable energy solutions. Alpine 4 has agreements with Fortune 500 firms as well. The firm recently repaid $12.5 million in debt. In only a year period, the stock price has increased up to 7,925.00%.

American Battery Metals Corporation

American Battery Metals Corporation is another penny stock company to invest in, and it searches for, mines for, and recycles battery metals. American Battery Metals, unlike some others, utilises a water-based hydrometallurgical method. Since last year, its stock has increased by 3,850.26 percent.

We have conducted extensive research and analysis on over multiple data points on How to Invest In Penny Stocks to present you with a comprehensive guide that can help you find the most suitable How to Invest In Penny Stocks. Below we shortlist what we think are the best Penny Stocks Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching How to Invest In Penny Stocks.

Reputable How to Invest In Penny Stocks Checklist

Selecting a reliable and reputable online Penny Stocks Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Penny Stocks Investment Platforms more confidently.

Selecting the right online Penny Stocks Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Penny Stocks Investment Platforms in Our Brokerage Comparison Table

When choosing a broker for Penny Stocks Investment Platforms trading, it's essential to compare the different options available to you. Our Penny Stocks Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a Penny Stocks Investment Platforms broker that best suits your needs and preferences for Penny Stocks Investment Platforms. Our Penny Stocks Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Penny Stocks Investment Platforms of 2024 compared

Here are the top Penny Stocks Investment Platforms.

Compare Penny Stocks Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Penny Stocks Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Penny Stocks Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are Penny Stocks Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more Penny Stocks Investment Platforms that accept Penny Stocks Investment Platforms clients.

Broker XTB AvaTrade SpreadEx Trading212 forexmart Robinhood hdfcsecurities icicidirect sharekhan Zerodha eoption
Rating
Regulation FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Financial Conduct Authority (FCA) Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21 Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) 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 Unregulated
Min Deposit No minimum deposit 100 1 1 1 No minimum deposit No minimum deposit No minimum deposit No minimum deposit No minimum deposit 500
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 1,000,000+ 300,000+ 10,000+ 15,000,000+ 10,000+ 10,000,000+ 2,000,000+ 2,000,000+ 1,500,000+ 1,500,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Demo account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • MAM/PAMM account
  • Islamic account
Platforms MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 Web Trader, Tablet & Mobile apps 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 DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
xtb
Sign Up with
avatrade
Sign Up with
spreadex
Sign Up with
trading212
Sign Up with
forexmart
Sign Up with
robinhood
Sign Up with
hdfcsecurities
Sign Up with
icicidirect
Sign Up with
sharekhan
Sign Up with
zerodha
Sign Up with
eoption
Risk Warning 76-85% 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. 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. 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 Your capital is at risk
Demo XTB
Demo
AvaTrade
Demo
SpreadEx
Demo
Trading 212
Demo
ForexMart
Demo
Robinhood
Demo
HDFC Securities
Demo
ICICI Direct
Demo
Sharekhan
Demo
Zerodha
Demo
eoption
Demo
Excluded Countries US, IN, PK, BD, NG , ID, BE, AU BE, BR, KP, NZ, TR, US, CA, SG US, TR US, CA RU CU, IR, KP, SY, UA


All Penny Stocks Investment Platforms in more detail

You can compare Penny Stocks Investment Platforms 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 Penny Stocks Investment Platforms for 2024 article further below. You can see it now by clicking here

We have listed top Penny Stocks Investment Platforms below.

How to Invest In Penny Stocks List

XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% 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 ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

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 ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2004 and is used by over 15000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. 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 ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA) Firm reference number 609146, Financial Supervision Commission (FSC), Cyprus Securities and Exchange Commission (CySec) License number 398/21
forexmart
(3/5)
Min deposit : 1
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 ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Robinhood
(3/5)
Min deposit : 0
Robinhood was established in 2013 and is used by over 10000000+ traders. Your capital is at risk Robinhood offers Stocks, 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 ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
hdfcsecurities
(3/5)
Min deposit : 0
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 ECN account
Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
icicidirect
(3/5)
Min deposit : 0
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 ECN account
Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
sharekhan
(3/5)
Min deposit : 0
Sharekhan was established in 2000 and is used by over 1500000+ traders. Your capital is at risk Sharekhan offers Equity, Commodities, Mutal funds.

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 ECN account
Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
Zerodha
(3/5)
Min deposit : 0
Zerodha was established in 2010 and is used by over 1500000+ traders. Your capital is at risk Zerodha offers Stocks, 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 ECN account
Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
eoption
(3/5)
Min deposit : 500
eoption was established in 2008 and is used by over 10000+ traders. Your capital is at risk eoption offers Forex trading, CFD trading, Social trading, Share Dealing.

Funding methods

Bank transfer Credit Card Paypal

Platforms

DealBook (Desktop, Mobile, iPhone, iPad, iPod touch, Web)

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Learn more Learn more about XTB.
76-85% 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.
TRADE NOW Try XTB today
76-85% 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.