Top Penny Stock Trading for 2021

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

Best Penny Stock Trading Guide

Updated September 23, 2021

Penny Stock Trading Explained

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

With penny stocks smaller investments are needed. Most penny stocks are traded with over the counter transactions rather than on the main larger stock exchanges. Usually penny stocks are smaller companies 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 analyse 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 stocks 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. Therefore, you can get rich quick with these shares. You do not need a large amount of money to invest in these shares. Even a dollar invested in these shares will be easily worth ten dollars or more. This means that even the most basic traders can get rich quick with penny stock trading.

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 that are traded at a value of less than £5 per share are termed as penny stocks by the Securities Exchange Commission. Not all the companies facilitate such low-value penny stocks. These stocks are basically related to the new and smaller companies which have low market capitalization, and track record of the business has not been established. Hence, investors and traders find such shares to be best for speculating.

A stock being 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.

New traders find penny stock trading cheap, and they don't require huge capital to open a large position. The hope for potentially big returns from such shares has attracted traders of all levels, from amateurs to those experienced.

However, it is also easier to lose money in penny stock trading. Those who opt for margin may lose more than the margin. This will happen if the market turns volatile and it is reciprocated with the traded stocks.

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

Penny stocks are considered speculative because the penny stock price may not accurately reflect the value of the company 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 liquidity - even though they are traded over-the-counter, this doesn't mean that there aren't 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.

-Shocking market capitalisation figures - the staggering numbers given by brokerage firms for some penny stocks listed on their services may be intimidating. These firms claim that penny stocks accounts 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. The 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

First and foremost find reliable market data and analysis tools when researching which low priced shares may rise in value over a period of time. In fact, research several sources and find which shares have good prospects. Do not to trust any single source of data or research completely.

Take time to analyze a share and take full responsibility of the trade outcome.

Some stock screening research tools are made available by most broker trading platforms which will help you to discover potential investments.

Getting Started with Penny Stock Trading

High school 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 dollars through it.

It is a myth that only a high capital investment has profit potentiality in the stock market. Today, with penny stock trading, even a small capital can earn money. The basic principle is to merely choose the right stocks.

Earning twice or thrice of the investment in just a few days is easier with penny stock trading compared to trading stocks of big companies such as FB and NFLX.

Company Specific

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

Penny Stock Trading Advantages

The benefit of penny stock trading is the low per-share price and so investors can start trading with small capital.

Penny stocks are easy to buy as these are easily made available.

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

Penny Stock Trading Disadvantages

Penny stocks have an equal chance of losing all the investment as they do to make a profit.

Buying is easy but selling penny stocks is not so easy. Its liquidity is very low and many traders consider the penny stocks a high-risk investment.

Sometimes companies issue penny stocks when they are near bankruptcy. Under such circumstances, there is an increased chance of losing all the investment.

Not much information is made available regarding penny stocks on a public domain.

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

OTC and NYSE/NASDAQ Penny Stocks Differences

There are two types of penny stock trading. It can be done over the counter (OTC) or 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 reasons that include bankruptcy filings. These companies offer shares through the OTC channel. This has pros as well as cons. The primary disadvantage is that the stock may lack liquidity, and it's privately owned nature could be vulnerable 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 riskiest and speculative investments are those being traded between £1 and £10 and these companies are usually from the Fintech, Internet and Biotech 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 for 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 hold a price value of less than £5 for each share. Even though such stocks are speculative in nature, they are less at risk of being manipulated as they hold a comparatively higher standard.

Tier 2 Penny Stocks

Such stocks are priced less than £1 and are listed on exchanges like 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 starting price being .0099. They are not listed on NYSE, NASDAQ and other major exchanges. The companies of such stocks are not strong.

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 buy the shares at a cheap price and wish 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

Experienced traders know the pros and cons of penny stock trading and many make a profit from it. The first factor is to find the best penny stock. Of course, one may question how to find the highest probability stocks. This requires knowing how to narrow down the search. Below are some of the parameters to follow:

Penny Stock News

The first step is to check for breaking news and see which penny stocks are gapping up as a reciprocation to news like earnings and FDA approval. We recommend staying away from such stocks which are bought during this period and to avoid trading at the new price.

Penny Stock Liquidity

Next, see if the float of the stock is under 50 or 100 million shares. If there is a lot of buying interest in a small number of shares, it means the prices may push up quickly.

Penny Stock Volume

The stocks should be active with high relative volume in the premarket.

Chart Pattern

The bull flag pattern is always easy to understand and spot. It reveals when a trader is wrong on a trade and it is time for an exit. The secret behind this pattern is to wait for the volume to pick up after buyers start piling up and thereafter, jump into it.

The flat-top breakout pattern is equally good. It helps in the stop order feature. However, this pattern is not easy to understand. 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 somewhat impossible. The outlook for penny stock traders should always be in the short term and to be an early bird. This means they should aim to be one of the first to buy and reap profits, and be the first to exit.

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

Penny Stock Trading Tips

After discussing the risks associated with penny stock trading, let us discuss some of the best tips to trade such stocks.

Avoid OTC Stocks

OTC stocks are the least regulated. They are not under the control of any regulatory authority, unlike those listed on major exchanges including NYSE and NASDAQ. This paves the way 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. However, it could likely be the next tech giant since the IPOs of such companies are usually a little more than the penny stock price range, and they can gradually move up. However, you should note that buying penny stocks while believing it can become the next Amazon is equivalent becoming an investor.

Trade Penny Stocks with Volume

Most people trade just a few thousand of penny stock shares a day. With any breaking news, the relative traded volume increases by 40x or 50x. This is the right point to go for penny stock trading. Buying and selling immediately in most cases will bring good returns.

Hit and Run

The hit and run approach comes when the penny stock meets your personal standards, and you believe it to be worthy of trading. However, you should avoid over the 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 suggested to trade penny stocks every day if possible. There should be a daily goal, somewhere around £500 per day. It is true that many small bases 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 should be avoided. Also, penny stock trading should be avoided in the long run as it is not ideal for investors.

Penny Stocks Verdict

Penny stock trading is one of the best ways to make money in a short span of time, but it is also one of the riskiest ways. Hence, it is suggested to invest just a part of your capital to try your luck. It is necessary to be extremely alert when dealing with penny stock trading. It is also important to keep track of what is happening in the financial world as such stocks may double up in price overnight.

Most beginners tend to invest in penny stocks as these are cheaper and best suited when gaining knowledge and risking a smaller amounts 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 believe penny stocks are a good investment option for seasoned investors with good knowledge about the companies on which they are to invest.

It should be noted that beginners who are planning to step into the trading career with low capital can start with penny stocks, but the shares should be bought from major exchanges and not from the OTC market.

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

A thorough knowledge 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 this guide helps you find a reputable broker that matches what you need. We list the what we think are 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 2021 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) 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
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
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
Learn More Sign Up with
xtb
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trading212
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spreadex
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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 77% 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 2021 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. 77% 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)
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.
77% 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.