Best Broker For Penny Stocks

[mage lang="" source="flickr"]best broker for penny stocks[/mage]
As an example, if you want to buy 3 shares of stock from Mac, + 10 shares of a “penny stock” what kind of fees

can the broker charge for this transaction?

Best and worst case scenario?
Ok 3 shares of Mac for $49.75 each , plus 4 penny stocks for .80 cents each because they are a new company waiting for a bank loan.

It depends on your brokerage firm and broker. The fees are set based on the transaction and not so much the amount purchased.

For such a small amount, the fees will be eating into your return.

Ex. if the fee is $40 for the transaction, and you buy $400 worth of Mac, then even if the stock goes up 10%, you’re only breaking even. if you buy $4000 worth of Mac (the fee will still be $40), then you’ll break even at a 4% return.

Best Penny Stocks Broker

This entry was posted in Uncategorized and tagged , , , . Bookmark the permalink.