What is the best online trading stock site to buy penny stocks?

Mike Hwyake: What is the best online trading stock site to buy penny stocks?
I want to invest in penny stocks and mainstream stocks but some major online brokers dont offer penny stock trading. What do you use / think is the best?

Answers and Views:

Answer by Edward N.
ZVTK & MCLN look very promising.

I used Scottrade to buy these, but in order to buy penny stocks you have to fund your account through a bank transfer or send them a check.

Answer by nathan2484
the best site i personalty use is Sharebuilder.com all thought they don’t have a wide selection of penny stocks but they do have one of the lowest comition rates so that why i use them so i can maximize the tottal profit i make of my penny share investments

Answer by Common Sense
My favorite brokers are;
ThinkOrSwim
Interactive Brokers
Tradestation
TradeKing

I use ThinkOrSwim mostly. Great platform with exceptional charting. Interactive Brokers is cheaper, platform is very hard to learn. Tradestation has a good reputation (not as god as TOS).

You can trade penny stocks on any of them. They won’t even ask you the most important questions….. like;
Do you have at least 5 years successful trading experience in larger cap stocks?
Do you have exceptional trading money management skills?
Are you exceptionally good with technical analysis?

If you haven’t heard of these brokers;
They are cositantly rated in the top 5 best on-line brokers.. year after year by Barron’s Magazine.

Never place a trade unless you’re using a limit order (with any stocks below $ 10).
If you don’t know what a limit order is…. you’re years away from being ready to trade penny stocks.

Answer by Max M
scottrade.com is best for both beginners and professionals.

Answer by keithsan
I use ameritrade has some bells and whistles. Before you start trading penny stocks you may want to read this article I found called should you buy penny stocks

Good luck its a tough market

Answer by elke
RHB Investment Bank’s www.rhbinvest.com would be the best site to trade Malaysian stocks. Only site with stock screener for Bursa Malaysia to screen for Penny stocks.