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What is the perfect broker choice for trading OTC and penny stocks?

First of all, some penny stocks are not listed on main exchanges like the NYSE or the NASDAQ, and can be only traded over-the-counter (OTC, OTCQX, OTCQB) or via "pink sheets". However, because of the risks involved in these stocks, not all stock brokers give access to OTC markets or pink sheets, so we narrowed down our list to only include brokers that give access to all of these markets.

While fees are important for all traders, penny stocks can have especially high buying and selling fees on a per-share basis.

With that in mind, we tested 91 quality online brokers, using real accounts and real money. 5 brokers made it to the top, including some zero-commission brokers. We highly recommend all 5 to you. And now, without further ado…

Our top broker picks for penny stock trading in 2021:

  1. Fidelity is the winner. Commission-free US stocks and ETFs. Great trading platforms and research. US and international stocks.
  2. Charles Schwab came in second. Free stock and ETF trading. Outstanding research. Great customer service.
  3. TD Ameritrade rounds out the top three. Low trading fees (free stock and ETF trading). Superb desktop trading platform. Great customer support.
  4. Interactive Brokers, numero quattro. Low trading fees. Wide range of products. Many great research tools.
  5. TradeStation just made it to the list in 5th place. Great web and mobile trading platform. Low stock and ETF fees. High-quality educational tools.
Best brokers for penny stocks in 2021
Name Accepts client from Company info
#1 Fidelity US US stockbroker
#2 Charles Schwab US US discount broker
#3 TD Ameritrade US, China, Hong Kong, Malaysia, Singapore, Thailand, Taiwan, Canada (through TD Direct Investing) US-based stockbroker
#4 Interactive Brokers Globally US discount broker
#5 TradeStation Globally US stockbroker

All 5 brokers are considered safe. They are all regulated by at least one top-tier financial authority.

For a tailored recommendation, check out our broker finder tool. Just enter your country of residence and it will show you only those brokers that are available where you live. Want more details? Compare brokers with the help of this detailed comparison table.

So how did we come up with our list of the best brokers for penny stocks?

First, we selected 91 quality online brokers, then we tested them using real accounts. We evaluated their trading platforms (surprise: some brokers still don’t have a mobile app!) and checked their fees for trading penny stocks and OTC stocks. Finally, we checked whether their overall score is high enough, a sign that you likely won’t run into other problems such as expensive withdrawals or dodgy broker safety. We dug deep, so you won’t have to.

And now, let's see the best brokers for penny stocks one by one, starting with the winner, Fidelity.

Fidelity Logo

#1 Best brokers for penny stocks
Fidelity

4.7

Fidelity is a US stockbroker founded in 1946. It is regulated by top-tier authorities like the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Fidelity is considered safe because it has a long track record and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for solid research and great trading platforms

Pros Cons
Commission-free US stocks and ETFs High mutual fund fees and margin rates
Great trading platforms and research Slower account verification
US and international stocks Slow live chat

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#1 Fidelity
Fees
4.1

Fidelity has low trading and non-trading fees, including commission-free stock trading. On the negative side, margin rates and fees for some mutual funds can be high.
Pros Cons
Free stock and ETF trading High fees for non-free mutual funds
Low bond fees High margin fees
No inactivity fee

Penny stocks refer to securities issued by "very small" companies that are priced under $5, according to the definition of the US Securities and Exchange Commission (SEC). Some penny stocks are listed on regular exchanges like the NASDAQ or the NYSE, but most of them are traded over-the-counter (OTC) through a broker-dealer network.

Penny stocks can have very high buying and selling fees percentage-wise if fees are quoted on a per-share basis model, so we made sure to include a handful of zero-commission brokers.

In the list below, you can check the fees for excahnge-listed stocks, OTC stocks, and options.

Fidelity trading fees of a $2,000 trade
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
$2,000 trade on the NYSE or NASDAQ $0.0 $0.0 $0.0 $1.0 $1.0
US stock Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. $0.01 per share; min $1
OTC stocks commission OTC stocks are free to trade OTC stocks are free to trade $6.95 per oder Fixed commission structure: $0.005 per share, with a minimum of $1 and maximum of 1% $5 per trade for the first 10,000 shares per trade, and then it is $0.005/share thereafter.
10 contracts on US stock options $6.5 $6.5 $6.5 $6.5 $10.0
US stock options $0.65 fee per contract $0.65 per contract $0.65 per contract Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min $1 per contract

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Fidelity non-trading fees
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0
USD margin rate 8.3% 8.3% 9.5% 1.6% 9.5%

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#1 Fidelity
Mobile trading platform
4.5

Fidelity has a great mobile trading platform. It is user-friendly and well-designed, but lacks a two-step login.
Pros Cons
User-friendly No two-step (safer) login
Good search function
Good variety of order types
Best brokers for penny stocks - Fidelity stock trading app

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#1 Fidelity
Verdict

Fidelity is one of the biggest US stockbrokers and is regulated by top-tier authorities.

Fidelity offers commission-free US stocks and ETFs. The trading platforms and research are outstanding, with many tools including trading ideas and detailed fundamental data. The offered range of products includes international stock exchanges in addition to the US market, which is not common among US brokers.

Fidelity has some drawbacks, though. Some mutual funds have high fees, and the margin rates are high as well. The account verification process and live chat support are both a bit slow. 

As it has great research tools, a user-friendly web trading platform, and charges no inactivity fee, feel free to try Fidelity's services.

Fidelity
Summary Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA.
Fees score 4.1 stars
Recommended for Investors and traders looking for solid research and great trading platforms

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Charles Schwab Logo

#2 Best brokers for penny stocks
Charles Schwab

4.8

Charles Schwab is a US discount broker that was founded in 1971 and is listed on the New York Stock Exchange.

It is regulated by several top-tier financial authorities, such as the US Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

Recommended for investors and traders looking for solid research, low fees and great customer service

Pros Cons
Free stock and ETF trading High fees for some mutual funds
Outstanding research Only US/Canada markets available
Great customer service

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#2 Charles Schwab
Fees
4.4

Charles Schwab offers free stock and ETF trading, some mutual funds and bonds are also free, while non-trading fees are low. On the negative side, some mutual fund fees are high.
Pros Cons
Free stock/ETF trading High fees for non-free mutual funds
Some mutual funds and bonds are free
Low non-trading fees

Penny stocks refer to securities issued by "very small" companies that are priced under $5, according to the definition of the US Securities and Exchange Commission (SEC). Some penny stocks are listed on regular exchanges like the NASDAQ or the NYSE, but most of them are traded over-the-counter (OTC) through a broker-dealer network.

Penny stocks can have very high buying and selling fees percentage-wise if fees are quoted on a per-share basis model, so we made sure to include a handful of zero-commission brokers.

In the list below, you can check the fees for excahnge-listed stocks, OTC stocks, and options.

Charles Schwab trading fees of a $2,000 trade
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
$2,000 trade on the NYSE or NASDAQ $0.0 $0.0 $0.0 $1.0 $1.0
US stock Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. $0.01 per share; min $1
OTC stocks commission OTC stocks are free to trade OTC stocks are free to trade $6.95 per oder Fixed commission structure: $0.005 per share, with a minimum of $1 and maximum of 1% $5 per trade for the first 10,000 shares per trade, and then it is $0.005/share thereafter.
10 contracts on US stock options $6.5 $6.5 $6.5 $6.5 $10.0
US stock options $0.65 fee per contract $0.65 per contract $0.65 per contract Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min $1 per contract

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Charles Schwab non-trading fees
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0
USD margin rate 8.3% 8.3% 9.5% 1.6% 9.5%

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#2 Charles Schwab
Mobile trading platform
4.2

Charles Schwab offers a great mobile trading platform with order confirmation and biometric login. In functionality and design, it is very similar to the web trading platform.
Pros Cons
User-friendly No price alerts
Touch/Face ID login
Order confirmation

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#2 Charles Schwab
Verdict

Charles Schwab is one of the biggest discount US brokers, regulated by top-tier authorities.

It was one of the first brokers, starting in late 2019, to charge no commissions for stock and ETF trades. Its research is outstanding, covering many tools, including trading ideas, Morgan Stanley analyst reports on equities, and detailed fundamental data. Customer service is great, providing relevant answers within a short time.

It does have some drawbacks, though. Except for the around 4,000 mutual funds that are free to trade, mutual fund costs are high and the product portfolio covers only US and Canadian markets. Lastly, the educational platform is not well-structured.

As trading and non-trading fees are generally low, research tools are great and the account opening is seamless, feel free to try Charles Schwab.

Charles Schwab
Summary Charles Schwab is a US discount broker, regulated by top-tier US authorities the SEC and FINRA. The company is listed on the New York Stock Exchange and holds a banking license.
Fees score 4.4 stars
Recommended for Investors and traders looking for solid research, low fees and great customer service

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TD Ameritrade Logo

#3 Best brokers for penny stocks
TD Ameritrade

4.8

This TD Ameritrade Review concludes that it is recommended for investors and experienced traders looking for solid research and a well-equipped desktop trading platform, the Thinkorswim platform.

It is one of the biggest US-based stockbrokers, founded in 1975. As an online broker, it is regulated by top-tier authorities like the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Commodity Futures Trading Commission (CFTC).

It is considered to be a safe broker as it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials, and is overseen by top-tier regulators.

Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform

Pros Cons
Low trading fees (free stock and ETF trading) You can trade only on US markets
Superb desktop trading platform Accounts mostly limited to US residents
Great customer support No credit/debit cards and electronic wallets for money transfer

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#3 TD Ameritrade
Fees
4.3

TD Ameritrade offers free stock and ETF trading, while forex, bond and options fees are also low. On the other hand, it charges high fees for futures.
Pros Cons
Low trading fees High fund fees
Low non-trading fees
Free stocks and ETFs

Penny stocks refer to securities issued by "very small" companies that are priced under $5, according to the definition of the US Securities and Exchange Commission (SEC). Some penny stocks are listed on regular exchanges like the NASDAQ or the NYSE, but most of them are traded over-the-counter (OTC) through a broker-dealer network.

Penny stocks can have very high buying and selling fees percentage-wise if fees are quoted on a per-share basis model, so we made sure to include a handful of zero-commission brokers.

In the list below, you can check the fees for excahnge-listed stocks, OTC stocks, and options.

TD Ameritrade trading fees of a $2,000 trade
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
$2,000 trade on the NYSE or NASDAQ $0.0 $0.0 $0.0 $1.0 $1.0
US stock Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. $0.01 per share; min $1
OTC stocks commission OTC stocks are free to trade OTC stocks are free to trade $6.95 per oder Fixed commission structure: $0.005 per share, with a minimum of $1 and maximum of 1% $5 per trade for the first 10,000 shares per trade, and then it is $0.005/share thereafter.
10 contracts on US stock options $6.5 $6.5 $6.5 $6.5 $10.0
US stock options $0.65 fee per contract $0.65 per contract $0.65 per contract Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min $1 per contract

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

TD Ameritrade non-trading fees
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0
USD margin rate 8.3% 8.3% 9.5% 1.6% 9.5%

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#3 TD Ameritrade
Mobile trading platform
4.8

The TD Ameritrade mobile app is great. It is user-friendly and well-designed.
Pros Cons
User-friendly None
Two-step (safer) login
Good variety of order types
Best brokers for penny stocks - TD Ameritrade stock trading app

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#3 TD Ameritrade
Verdict

It is one of the biggest US online brokers. It charges no commission on stock and ETFs.

Research and education are outstanding, the Thinkorswim desktop platform is one of the best on the market. Customer service is great.

The drawbacks are that it charges high financing (margin) rates, and it doesn't accept credit/debit cards and electronic wallets for money transfers. Furthermore, the product portfolio covers only the US markets.

We definitely recommend giving it a try, especially as their education tools include a demo as well.

TD Ameritrade
Summary TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group.
Fees score 4.3 stars
Recommended for Investors and traders looking for solid research and a well-equipped desktop trading platform

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Interactive Brokers Logo

#4 Best brokers for penny stocks
Interactive Brokers

4.9

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools Understaffed customer service

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#4 Interactive Brokers
Fees
4.2

Interactive Brokers has low trading fees and the best margin rates in the industry. For US clients, stock and ETF trading is free if they choose the Lite plan.
Pros Cons
Low trading fees None
Free stock and ETF trading for US clients
Low margin rates

Penny stocks refer to securities issued by "very small" companies that are priced under $5, according to the definition of the US Securities and Exchange Commission (SEC). Some penny stocks are listed on regular exchanges like the NASDAQ or the NYSE, but most of them are traded over-the-counter (OTC) through a broker-dealer network.

Penny stocks can have very high buying and selling fees percentage-wise if fees are quoted on a per-share basis model, so we made sure to include a handful of zero-commission brokers.

In the list below, you can check the fees for excahnge-listed stocks, OTC stocks, and options.

Interactive Brokers trading fees of a $2,000 trade
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
$2,000 trade on the NYSE or NASDAQ $0.0 $0.0 $0.0 $1.0 $1.0
US stock Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. $0.01 per share; min $1
OTC stocks commission OTC stocks are free to trade OTC stocks are free to trade $6.95 per oder Fixed commission structure: $0.005 per share, with a minimum of $1 and maximum of 1% $5 per trade for the first 10,000 shares per trade, and then it is $0.005/share thereafter.
10 contracts on US stock options $6.5 $6.5 $6.5 $6.5 $10.0
US stock options $0.65 fee per contract $0.65 per contract $0.65 per contract Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min $1 per contract

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

Interactive Brokers non-trading fees
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0
USD margin rate 8.3% 8.3% 9.5% 1.6% 9.5%

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#4 Interactive Brokers
Mobile trading platform
3.8

The Interactive Brokers mobile trading platform has a lot of functions and a useful chatbot, but its user interface could be better.
Pros Cons
Two-step (safer) login User interface is a bit complex
Good search function
Good variety of order types
Best brokers for penny stocks - Interactive Brokers stock trading app

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#4 Interactive Brokers
Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: we weren't satisfied with the level of customer service and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.2 stars
Recommended for Traders looking for low fees and a professional trading environment

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TradeStation Logo

#5 Best brokers for penny stocks
TradeStation

4.6

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Mediocre customer service

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#5 TradeStation
Fees
4.2

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees / Free stock trading
Multiple fee structures to choose from

Penny stocks refer to securities issued by "very small" companies that are priced under $5, according to the definition of the US Securities and Exchange Commission (SEC). Some penny stocks are listed on regular exchanges like the NASDAQ or the NYSE, but most of them are traded over-the-counter (OTC) through a broker-dealer network.

Penny stocks can have very high buying and selling fees percentage-wise if fees are quoted on a per-share basis model, so we made sure to include a handful of zero-commission brokers.

In the list below, you can check the fees for excahnge-listed stocks, OTC stocks, and options.

TradeStation trading fees of a $2,000 trade
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
$2,000 trade on the NYSE or NASDAQ $0.0 $0.0 $0.0 $1.0 $1.0
US stock Free stock and ETF trading Free stock and ETF trading Free stock and ETF trading $0.005 per share, min. $1, max. 1% of trade value. Free for US clients choosing IBKR Lite plan. $0.01 per share; min $1
OTC stocks commission OTC stocks are free to trade OTC stocks are free to trade $6.95 per oder Fixed commission structure: $0.005 per share, with a minimum of $1 and maximum of 1% $5 per trade for the first 10,000 shares per trade, and then it is $0.005/share thereafter.
10 contracts on US stock options $6.5 $6.5 $6.5 $6.5 $10.0
US stock options $0.65 fee per contract $0.65 per contract $0.65 per contract Less than 10,000 contract per month and for a 10 contracts trade: $0.65 per contract with $1 min $1 per contract

All spreads, commissions and financing rate for opening a position, holding for a week, and closing.

TradeStation non-trading fees
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Account fee No No No No No
Inactivity fee No No No No Yes
Withdrawal fee $0 $0 $0 $0 $0
USD margin rate 8.3% 8.3% 9.5% 1.6% 9.5%

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#5 TradeStation
Mobile trading platform
4.8

TradeStation's mobile platform is great. It is very user-friendly and well-designed, offering price alerts and excellent order management. However, search functions could be better.
Pros Cons
User-friendly Limited search functions
Two-step (safer) login
Good variety of order types
Best brokers for penny stocks - TradeStation stock trading app

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#5 TradeStation
Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfers. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.2 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Best brokers for penny stocks
How did we pick the best brokers for trading penny stocks?

Our most important criteria were fees, followed by the usability of the mobile app.

An online broker and its trading platform can easily make or break your success in online trading. It greatly influences both your comfort and performance as a trader or investor.

7 important criteria for mobile platforms
1. User-friendliness A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
2. Safe login Two-step authentication during login can prevent unauthorized persons from using your trading account.
3. Search function Trying to find your favorite shares? On some trading platforms, it’s not a simple task. Check how easily you can use this feature.
4. Order types Order types are crucial for risk management. Having the possibility to set up stop orders (used mainly to limit your losses) is a must, while conditional orders are nice to have.
5. Price alerts and notifications Want to be up to date about price movements or the execution of your orders? Easy-to-set price alerts and notifications definitely help.
6. Fee and portfolio reports Portfolio reports help you easily keep track of your trading performance. The fees you pay to the broker are not always transparent, even though they have a big impact on your trading results.
7. Research tools It is rare for a broker to provide research tools for both technical and fundamental analysis. Check what research tools the broker provides.

Best brokers for penny stocks
Keep in mind - safety

We recommend only quality brokers, so you can be sure that none of the brokers in this list is a scam. In order to be sure, we check roughly 20 safety-related criteria, such as the quality of regulation, the investor protection amount, and the transparency of the broker’s financials. All brokers reviewed by BrokerChooser are regulated by at least one top-tier financial authority.

However, financial companies can still go under. Remember Lehman Brothers? In such cases, it is important to know what happens to the securities and cash in your account.

In a worst case scenario, for example if the broker commits fraud or just simply cannot pay you, you have a last resort – the investor protection scheme of the country where the broker is regulated.

The investor protection aount differs from country to country, so it is worth checking this before you open an account.

Best brokers for penny stock - Investor protection and regulation
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Investor protection amount $500,000 (securities up to $500,000, cash up to $250,000) $500,000 (securities up to $500,000, cash up to $250,000) $500,000 (securities up to $500,000, cash up to $250,000) £85,000 or $500,000 (but only $250,000 for cash) in the UK depending on the assets you hold; $500,000 ($250,000) in the US; €20,000 (IB Ireland & Luxembourg) or €100,000 (IB Central Europe) in the EU, CAD 1 million in Canada; HKD 500,000 in Hong Kong $500,000 (securities up to $500,000, cash up to $250,000)
Country of regulation USA USA, UK, Hong Kong, Singapore USA USA, Ireland, UK, Luxembourg, Hungary, India, Australia, Canada, Japan, Hong Kong USA
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Best brokers for penny stocks
Bottom line

Now that you have seen the details, let's zoom out. Here are the best brokers for trading penny and OTC stocks in 2021:

Best brokers for penny stocks in 2021
Fidelity Charles Schwab TD Ameritrade Interactive Brokers TradeStation
Broker intro US stockbroker US discount broker US-based stockbroker US discount broker US stockbroker
Overall score 4.7 4.8 4.8 4.9 4.6
Fees score 4.1 stars 4.4 stars 4.3 stars 4.2 stars 4.2 stars
Mobile platform score 4.5 stars 4.2 stars 4.8 stars 3.8 stars 4.8 stars

All of these brokers are considered a great choice. Pick the winner or any runner-up and take the next step in your trading journey. Remember that trading penny stocks is considered very risky. Let us know what you think in the comments section.

Still unsure? Or maybe your country is not served by our #1 broker? Use our broker finder tool to find the best broker for you.

Author of this article

András Iván

Author of this article

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

András Iván

Broker Analyst

Andras has over 4 years of experience analysing and trading equities and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He's eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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