| The less you pay to buy penny stock shares, the | | | | 3. Does the firm offer volume discounts? This is a |
| greater your net profits will be on successful trades. | | | | discount you receive for placing trades for a certain |
| This brief article will show you how to find brokerage | | | | number of shares at one time. |
| houses that offer low stock trading fees and | | | | 4. Review the broker's rate and fee schedules so |
| commissions. | | | | you get a good idea of how much you will pay for |
| Start by searching for a reputable discount brokerage | | | | trading fees and commissions. |
| firm. These type firms generally offer lower | | | | If you can't find this information published on the |
| commissions and fees than full service houses. | | | | website, submit your questions to their customer |
| You can find them by Googling terms like "discount | | | | support department. You should also create a list of |
| brokers", "cheapest brokerage", "low trading fees", | | | | additional question you want to ask and submit them |
| and similar terms. As you find each site, review it and | | | | all at one time. |
| look the information noted below... | | | | If you get a fast response to your query, you can |
| 1. Check to see if they offer free trades. Many | | | | generally assume you are dealing with a good, |
| brokerage houses offer "X" number of free trades | | | | responsive firm. If you don't get a response within at |
| per month with each account that meets certain | | | | least 72 hours, you probably don't want to deal with |
| requirements. | | | | them; so you should scratch the firm off your list. |
| 2. Check the minimum account funding requirement. | | | | If you are new to the penny stock market, be sure |
| On the low end, you will often find that only $100 is | | | | to bookmark any educational pages you discover |
| required to open a trading account. It really doesn't | | | | during your brokerage search. Many discount brokers |
| make much sense to start with any less than one | | | | offer "no obligation" access to useful stock trading |
| hundred dollars. | | | | tools and information. |