Top Penny Stock Trading for 2022

We found 11 online brokers that are appropriate for Trading Penny Stock Trading.

Best Penny Stock Trading Guide

Updated January 18, 2022

Penny Stock Trading Explained

Penny stock trading is a great way to start trading on the stock market. Penny stocks refer to shares that are priced very low usually below $5 or &poud;1 a share.

When it comes to penny stocks, smaller investments are required. A majority of penny stocks are traded via over-the-counter transactions instead of on the primary larger stock exchanges. Usually, penny stocks are smaller firms that do not have a large trading volume or liquidity.

Penny Stock Trading

Penny stock trading is volatile and high risk and can be an exciting way to make money. However, people must be careful to avoid the common mistakes that many people make when trading with penny stocks. Penny stocks are very popular shares of companies that trade for very little cash per share. However, many investors who are new to penny stocks will not know how to properly analyze data and come to an informed decision. Penny stock trading is not like trading shares of larger-cap companies. The price per share you pay for a penny stock is often less than half of what you would pay for a similar share of a larger company. This means there are some great advantages to trading in penny stocks.

One of the biggest advantages of investing in penny stock trading is that most of the companies offering these shares have limited assets and equity. Penny shares are highly volatile and have a chance of the prices increasing and decreasing dramatically. You do not need a large amount of money to invest in these shares. Speculators trade penny stocks in hopes that a dollar or Pound invested in these shares becomes worth ten dollars or pounds. The chance of loss is high with penny stocks but if a trade goes in a penny stock traders favor the gains may be good.

Trading penny stocks is a great way to develop some expertise in the stock market. Although you cannot expect to make any real money from these kinds of trades, you can learn a lot about how shares are bought and sold. Because penny stocks tend to experience greater volatility in terms of price, you will be able to learn how to better read the market and the signals that can tell you when to buy or sell. By practicing your trading skills, over time you will develop a better understanding of how the stock market works and can use this information to make more informed trades on other stocks.

Penny Stocks Defined

Securities traded at a value of below 5 pounds per share are referred to as penny stocks by the SEC (or the Securities Exchange Commission). Not every kind of company facilitates such low-value penny stocks. These types of stocks are, in essence, used by new and less established corporations having a low market cap, and the track record of the business has not been established. Hence, investors and traders find such shares to be best for speculating.

Penny Stocks Are Not Poor Quality Companies

A stock is a penny stock does not always mean that these shares are poor quality or that they are shares of poor companies. Penny stocks are quite common. They are, however, a high-risk purchase - as you can imagine. You will need to be knowledgeable about the various risks involved with this kind of stock before you begin to trade.

Penny stocks come from many different sectors and are offered on the over-the-counter bulletin board and in many different stock markets. There are many brokers who handle these securities, making them easy to find. Investors can find shares of these companies offered on the pink sheets, on over-the-counter bulletin boards, and on the pink sheet stock exchange. These stock exchanges do not require as much investment as the major exchanges, and many investors choose to go with this method because there are no fees for investors to register or trade. The small amount of money that one needs to invest is often well worth the minimal expense associated with this type of trading.

Penny Stocks Cheap

Penny stocks come cheap for novice traders. With penny stock trading, they also do not need substantial capital in order to open large positions. The promise of (potentially) substantial capital to open a large position.

It is also a lot easier, however, to lose your funds in penny stock trading. The traders who choose margin may end up losing more than the margin. This is bound to occur if the market takes a volatile turn, and it is reflected in the traded stocks.

This is the reason why it is important to properly understand what penny stock trading is, and how much risk can be handled before investing money in it.

Penny stocks are seen as speculative due to the fact that penny stock price may not precisely reciprocate the value of the firm on the financial market.

Why Penny Stock Trading

Penny stock trading can be used to learn and experience a market with smaller investment amounts.

Speculators trading penny stocks may benefit more when there is a possibility of volatility in the market. During such circumstances, low-value shares may shoot up and offer traders a good return against investment. But beware the value may also go down at the same rate.

Understanding Penny Stocks

Understanding penny stocks can certainly help you to make some money with penny shares. But there is a danger - if you don't know what you're doing, you can lose a lot of money. Penny stocks are the companies that trade in shares on the over-the-counter bulletin board (OTCBB) - a market of securities available only to dealers and institutional investors. With this size scale, the profit of even a single penny stock can translate into large sum gains (once again, for an inexperienced investor, the opposite is true).

Lack of Penny Stock liquidity

Even though penny stocks are traded over the counter, this doesn't mean that there are any real-world buyers for these stocks. This lack of liquidity makes it difficult for an investor to execute trades without waiting on the wire. As such, understanding penny stocks greatly helps when trying to navigate the complex system of trading and purchasing these securities.

High Penny Stock Market Capitalization

The staggering numbers given by brokerage firms for some penny stocks listed on their services may be intimidating. These firms claim that penny stocks account for 20% of their revenues. However, this figure is highly exaggerated. Penny shares traded in the open market are nowhere near this size. If you want to trade in this type of stock, you would need to register with a brokerage firm that trades on the OTCBB as a small-cap company.

Price Fluctuations of Penny Stocks

One of the primary reasons why price fluctuations happen so frequently among small companies is because of the lack of information and that most investors are not prepared or knowledgeable enough. Penny stocks are traded on the over-the-counter bulletin board or OTC marketplace, where smaller companies are unable to get proper coverage from larger exchanges such as the NYSE and NASDAQ. As a result, smaller companies rely solely on their ability to communicate with each other which makes the market less stable and volatile overall.

Price fluctuations also occur due to institutional participation. Large banks and brokerage firms don't like to hold over-the-counter penny stock shares because they believe it poses a high risk in relation to their investment portfolio. They will usually only trade penny stocks themselves or in very small quantities. This limits their exposure and reduces their risk profile. While this does have an effect on the over-the-counter trading of penny stocks, the effect is typically a small one and most investors can manage their risk and manage their portfolio anyway.

Price fluctuations can also occur due to institutional investors such as pension funds and insurance companies. When corporations make poor financial decisions, such as a bad quarter or two, the stock prices drop. Institutional investors will then want to sell off those shares in order to take advantage of the profit. However, once they sell these shares, the price will begin to rise again, which causes the remaining shareholders to sell out even more shares. Once all the investors sell out, the low liquidity causes the price to drop even further. So investors rush to get out before the low liquidity causes the price to fall further and so they miss out on any profit.

Penny Stock Trading Source

Firstly, find credible penny stock technical analysis tools as well as reliable market data when looking up which low-value shares may rise in value over a period. Look up numerous sources and try to find shares that have good prospects. It is best not to fully trust only one source of data or research.

Take your time when analyzing shares. Also, take complete accountability for the outcomes.

Most broker trading platforms offer stock screening research tools that can help you find potential investments.

Getting Started with Penny Stock Trading

Friends and family members refer to penny stock trading, believing it is the best way to enter the financial world with the probability of making thousands of pounds or dollars through trading penny stocks.

High capital investments do not always have high-profit potentialities in the market. At present, through penny stock trading, even a meager capital invested can yield money. The fundamental principle for this is to just seek out the right stocks.

Earning twice or triple the amount of the initial investment is potentially simpler with penny stock trading in comparison to trading large company stocks due to less price movements potentially needed.

Company Specific Penny Stocks

It is important to know which industry to invest in with penny stock trading. The hot trending stocks and shares are always talked about in the news but people rarely talk about the low-priced ones.

Penny Stock Trading Advantages

Low Per-Share Price

The best part about penny stock trading happens to be the low per-share value so that investors can begin by trading with small capital. The reason why this advantage is so obvious is that penny stocks are worth mere pennies, therefore, even insignificant amounts of funds can be invested in these types of stocks. The stock price for these types is stocks can be as low as under 5 USD.

For reference, the value of an individual share of Amazon is above $3500 USD, which means a lot of investors around the world would not be capable of affording one single Amazon share. However, courtesy of penny stock trading, they have the ability to invest in thousands of penny stocks with under 1 percent of the same capital.

A majority of these stocks can be invested for a mere 0.10 or 0.20 USD per share. What this means is that with just a few hundred dollars invested, you could be the holder of thousands of stock shares. This enables you as an investor to get a kickstart in the market despite having limited capital to use. With penny stock trading, the stock market has a lower barrier to entry.

Easy To Invest In

Penny stocks are easy to buy as these are easily made available. They are, in essence, common shares that are made accessible to the public at large. Numerous penny stocks are registered throughout stock exchange markets so that potential investors can be well-informed about them. When choosing a penny stock to invest in, investors should guarantee they invest in reputable corporations.

Instant Gains

There have been occurrences where penny stocks start their life low and then gain in value like a mid-cap stock multiplying in value severalfold.

The biggest attraction with penny stocks is that they offer the probability of offering substantial and quick gains. These sorts of assets are meant to create venture capital for smaller corporations that are only in their infancy stages in industry, corporations recovering from bankruptcy, or developing companies that are not popular among investors.

A lot of penny stock corporations are small firms with great aims. However, if they display good potential for popular investors to discover, the stock price may go up drastically in just a matter of weeks or months. Anyone owning penny stocks at that stage can expect to make large gains in the near future.

A Lot Of Smaller Corporations Are Underestimated

Some experts believe that penny stock corporations are poorly run and have weak financial outlooks. However, this is not generally true. As a matter of fact, a majority of these corporations hold great promise but are not established enough to be able to trade on bigger stock exchanges. Wise penny stock investors are able to tell signal and noise apart and find these corporations with strong potential.

Penny Stock Trading Disadvantages

Penny Stock Elevated Risk

Penny stocks have an equal possibility of losing all the investment as they do to make a profit. High rewards can also mean elevated risk. This is quite relevant with penny stocks. A lot of investors who end up investing in penny stocks have a tough time turning in adequate and consistent profits. Smaller corporations do not reach their potential for several reasons. Those who do, on the other hand, can take a long time to gain success.

Aside from that, since these stocks are mostly too underground for popular analysts and investors, acquiring reliable business information can prove quite difficult. For instance, corporations having assets below 10 million USD and under five hundred stockholders are not mandated to register their balance sheets with federal equity markets. As a consequence, it can be quite difficult for investors to make wise decisions.

Penny Stock Low Liquidity

Given that penny stocks belong to smaller corporations, they cannot capture enough investor interest in the markets. A majority of the interest in penny stocks is mostly retail interest. It is only when stocks begin gaining in market cap, institutional interest can increase.

Low institutional interest and high interest among network individuals in penny stocks can be associated with their low market cap in the markets. Participants in the market with large sums to invest usually seek stocks with a high market cap so that the markets can soak up their funds and their orders can be carried out at a certain price or in a specific price limit.

Such investors do not want to be the sole investors for a particular penny stock. They also fear they may not be able to gain profits because of the lack of buyers. Oftentimes, the total market cap of a penny stock may not even be enough to fulfill the minimum amount for organizations.

Ultimately, buying is easy but selling penny stocks is not so easy. Its liquidity is extremely low, and numerous experienced traders see the penny stocks as a speculative investment.

An Increased Chance In The Loss Of Capital

An absolute loss of capital implemented is likely with penny stocks because they usually belong to less established corporations. Small corporations are the most liable to go bankrupt in cases of economic distress.

Sometimes businesses put out penny stocks when they are near bankruptcy. Under such circumstances, there is a greater likelihood of losing all the investment.

Prices of penny stocks can also be more stagnant with little movement.

Lack Of Penny Stock Information Risk

Not a lot of information and guidelines are made available regarding penny stocks in the public domain. There is always an information risk that is intrinsic to trading penny stocks. Because there is an inadequacy in information and often false information associated with penny stocks, it gets difficult for investors to make wise decisions while trading such stocks. This is one of the main reasons why risk management is crucial for investors looking to invest in penny stocks.

Penny Stock Fraud

Penny stocks are, in many cases, susceptible to fraud. Low liquidity, inadequate regulations, and the relative obscurity of penny stocks can make them easier to control by corrupt traders. One of the most common scams related to penny stock trading includes defrauders trading the penny stock with themselves to give the price a boost. Consequently, when unwary traders stock up, the scammers dump the shares, grabbing all the profit.

OTC and NYSE/NASDAQ Penny Stocks Differences

There are two types of penny stock trading. It can be done over the counter (OTC) or by grabbing the stocks listed on the NYSE, NASDAQ, and other exchanges.

Several companies fail to provide financial documentation and to keep the price of each share above £100 for motives that include insolvency filings. These companies offer shares through the OTC channel. This has pros as well as cons. The main setback is that the stock might lack liquidity, and its private nature could be exposed to manipulation.

Penny Stock Trading Redefined

It is a universal truth that stock trading at less than £1 are mostly of small companies that are struggling to position in the market. In addition, such shares are basically perfect for traders who look for speculative investments. The most speculative investments are the ones being traded between £1 and £10. These corporations are usually from the Fintech (or financial technology), Internet, and Biotech (or biotechnology) sectors.

Such stocks may drastically drop or rise overnight, even by 100 percent. Day traders may experience a complete loss. This is why hard-earned money should not be invested in stocks of such a company that may suddenly disappear overnight.

Below Are The Four Tiers Of Penny Stock Trading:

Tier 1 Penny Stocks

The tier 1 penny stocks are listed on NYSE, NASDAQ, and other major stock exchanges. They mostly carry a price value of less than £5 for each share. Despite the fact that such stocks are high-risk in nature, they are less at risk of being manipulated as they hold a comparatively higher standard.

Tier 2 Penny Stocks

Such stocks come in for less than £1 and are listed on exchanges such as NYSE and NASDAQ. However, they come with the condition of meeting the requirements within a certain period to list the stock above £1.

Tier 3 Penny Stocks

These stocks are priced below one penny for each share with the price point being .0099. They are not listed on NYSE, NASDAQ, and other major exchanges. The firms of such stocks are not usually powerful.

Tier 4 Penny Stocks

These are also known as Trip Zero Stocks and priced between .0001 and .0009 per share, where they are always priced with 3 zeros. The early bird traders primarily benefit from such stocks.

Penny Stock Trading for Beginners

Many traders believe penny stock trading is a way to become a millionaire. They invest in the shares at a low cost and make it their aim to sell at a higher price. But making a living with penny stock day trading is tough. Quick returns rarely work. Hence, penny stock trading is not suggested for beginners.

Find Best Penny Stocks

Skilled traders are always wary of the advantages and disadvantages of penny stock trading, and quite a lot of them make a profit from it. The first factor is to seek out the best penny stock. Of course, the question about how to find the highest probability stocks may also arise. This requires knowing how to narrow down the search. Following are a few of the factors to consider:

Penny Stock News

It is ideal to be on the lookout for stocks that are gapped up due to a news break (such as FDA approval and earnings) that might prove beneficial for the corporation. Stay away from stocks that get their exposure from a buyout or anything else of similar nature because that normally leads to a breakeven result or in other cases, a loss in the shares.

Relative Volume

The relative volume functions as an indicator that informs traders how the present volume is different from the previous trading volumes over a set period of time. This gives you insight into how “in process” a specific stock is. The higher the relative volume gets; the more traders watch and trade it. This gives it adequate liquidity for trading.

The stocks must be active with high relative volume in the market.

Float

The float pertains to the number of shares open for trading. This is determined by deducting the well-guarded shares insiders, the corporation’s stock proprietorship plan, and employees. Preferably, you need for the float to be under 100 million shares, 50 million is ideal, however. When a stock has only some shares to trade, it means that there is more buying interest from investors that could send the price up.

Chart Pattern

The bull flag pattern is always easy to discern. It indicates whenever a trader is in the wrong on a trade, and that it is the right time for an exit. To figure out this pattern, wait for the volume to pick up after investors begin heaping up and subsequently, take up on it.

The flat-topped breakout pattern is just as good. It aids in the stop order feature. This pattern, however, is not quite easy to understand as it requires experience.

Penny Stock Trading Vs Penny Stock Investing

Penny stocks are usually volatile and highly unpredictable. They are also subject to market manipulation. Hence, being a penny stock investor is, to a certain extent, impracticable. The prospect for penny stock traders should ideally be in the short term. Being an early bird also helps; it means they should attempt to be one of the first to invest in and gather profits as well as the first to exit.

One should not forget that penny stock companies are equipped with extremely weak fundamentals and an unfavorable balance sheet. They can suddenly spike more than 100 percent on breaking news, and also risk going bankrupt. You cannot hold a position at a spike, i.e., at a 100 or, in other words, 100 percent stock. Penny stock day traders need to follow certain specific rules.

Penny Stock Trading Tips

After listing the risks connected with penny stock trading, here are some of the best tips to trade such stocks.

Avoid OTC Stocks

OTC stocks are the least regulated. They are not overseen by any regulatory authority, in contrast to those on major exchanges such as NYSE and NASDAQ. This opens doors for fraud and manipulation. Hence, it is suggested to avoid stocks available on the OTC market.

Avoid Promotional Pumps

Many stocks sold on the OTC market get promoted at one point and the messages spread are over-exaggerated, such as becoming the next Amazon. This is incredulous as such a corporate giant would not be involved in penny stock. It could most likely turn out to be the next tech titan, however, because the IPOs of such firms are normally slightly more than the price range of penny stock, and they can also slowly move up. It is best to take note that investing in penny stocks while thinking it can turn into the next Amazon is equal to becoming an investor.

Trade Penny Stocks with Volume

A majority of people trade only a few thousand penny stock shares each day. The relative traded volume grows 40 to 50 times. This is the right time to opt for penny stock trading. Buying and selling instantly will bring about good returns in most cases.

Penny Stock Hit and Run Strategy

This approach can be exercised when the penny stock is in line with your personal set standards, and you find it worthy of being traded. After achieving a profit level, half of the positions must be sold, with the remaining being adjusted with stop loss. This could possibly lead to a great win. However, you should avoid trading the same stocks. Moreover, the entries should follow the support and resistance patterns. After reaching a profit level, half of the positions should be sold and the remaining should be adjusted with stop loss. This can potentially lead to a big win.

One Trade at One Time

It is considered best to trade penny stocks on a daily basis if your routine allows it. It is true that many small short term gains and trades add up over a week or month. This is a perfect strategy as a trader, but not as an investor.

Gain Experience with Penny Stocks

Many beginners start with penny stocks to gain experience and thereafter, risk greater capital with stronger stocks. These trades can give returns of about 20 to 30 percent but one should always buy it from major exchanges. OTC stocks must be evaded. Aside from that, penny stock trading should be avoided in the long run as it is not ideal for investors.

Penny Stocks Verdict

Penny stock trading happens to be among the best ways to earn money in a short amount of time. It is, however, risky business as well. Therefore, it is advised to invest only a portion of your capital that you can afford to lose, to be safe. It is crucial to be highly alert when tackling penny stock trading. You must also keep tabs on the happenings in the financial world, e.g., stocks doubling up in value overnight.

Most novices often choose to invest in penny stocks as these are inexpensive and better adapted when gaining experience and awareness, all the while risking a smaller amount of capital.

Penny stocks are not made for short-term investment strategies.

Prices can increase several folds over a longer period. Historically some penny stocks have given comparatively higher returns than several other stocks.

Many experts state that penny stocks are high risk but can be an excellent investment option for experienced investors with considerable awareness about the firms they choose to invest in.

It is best to note that beginner penny stock traders who want to get in a trading career with low capital can begin with penny stocks, however, the shares must be invested in from reputable exchanges and not from the OTC market.

Lastly, be strictly warned that profit cannot be guaranteed on any stock irrespective of its nature, price, demand, and other factors.

A thorough knowledge of what you are doing and the markets is suggested to make any gains with penny stock investments.

We've collected thousands of datapoints and written a guide to help you find the best Penny Stock Trading for you. We hope that this information assists you in locating a reliable and reputable broker who meets your online trading requirements. We have compiled a list of what we consider the best penny stock trading below.

Reputable Penny Stock Trading Checklist

There are a number of important factors to consider when picking an online Penny Stock Trading trading brokerage.

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 Penny Stock Trading.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Penny Stock Trading of 2022 compared

Here are the top Penny Stock Trading.

Compare Penny Stock Trading min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are penny stock trading. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more penny stock trading that accept penny stock trading clients

Broker XTB Trading212 SpreadEx Swissquote forexmart hdfcsecurities icicidirect sharekhan Zerodha Robinhood eoption
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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) Financial Conduct Authority (FCA) 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) Unregulated
Min Deposit No minimum deposit 1 1 1000 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 250,000+ 15,000,000+ 10,000+ 300,000+ 10,000+ 2,000,000+ 2,000,000+ 1,500,000+ 1,500,000+ 10,000,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Allows scalping
  • Allows hedging
  • 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
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Standard 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, Tablet & Mobile apps 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 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
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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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eoption
Risk Warning 74% 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 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 Your capital is at risk
Demo XTB
Demo
Trading 212
Demo
SpreadEx
Demo
Swissquote
Demo
ForexMart
Demo
HDFC Securities
Demo
ICICI Direct
Demo
Sharekhan
Demo
Zerodha
Demo
Robinhood
Demo
eoption
Demo
Excluded Countries US, IN, PK, BD, NG , ID, BE, AU US, CA US, TR US CU, IR, KP, SY, UA


All Penny stock trading in more detail

You can compare Penny Stock Trading 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 Stock Trading for 2022 article further below. You can see it now by clicking here

We have listed top Penny stock trading below.

Penny Stock Trading List

XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 74% 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ 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)
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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Swissquote
(3/5)
Min deposit : 1000
Swissquote was established in 1999 and is used by over 300000+ traders. Losses can exceed deposits Swissquote offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, ZuluTrade, 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)
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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
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 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 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 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 Islamic account VIP account
Regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange
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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
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 Islamic account VIP account

Learn more Learn more about XTB.
74% 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
74% 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.