Can you trade penny stocks at Fineco Bank as of December 2024?
Penny stocks are high-risk investments that offer a chance to reap great rewards if you pick the right stock, but also lose big if you bet on the wrong horse. So definitely make sure you know what you're getting into. Are you clear and open to the risk? Then let's take a look at whether you can place your bets at Fineco Bank.
No, you can't trade penny stocks at Fineco Bank. To find another broker where you can play Wheel of Fortune with this risky asset type, turn to our guide on the best brokers for penny stocks.
So how did we compile our toplist for the best brokers for penny stocks? Our expert team of analysts looked at hundreds of features and data points at 100+ online global brokers to see which ones let you trade penny stocks. Then we compared trading fees and the broker's overall services in order to bring you a list of the best options.
A lower-risk alternative: fractional shares
As an alternative, especially if you are looking for penny stocks only because you have a small budget, consider buying fractional shares instead. This is a much safer option, as you can invest in some proven, high-quality stocks, even if they have high share prices, by being able to purchase just a partial share, usually for as little as $1. Less risk, less volatitily, more trustworthy companies, fewer sleepless nights!
Craps! Unfortunately, you can't trade fractional shares at Fineco Bank either. You can find some great brokers that offer fractional share trading in our lists of the best micro-investing apps or the best brokers for beginners. Or, if you're into AI, feel free to ask our AI assistant Nuri – just click the shiny little blue box in the bottom right of your screen.
FAQ
Is it worth investing in penny stocks?
Penny stocks are highly volatile assets that require caution. Some penny stocks may lose all their value over a relatively short period, while others may produce above-average returns. So definitely be aware of the risks before investing in penny stocks. I would recommend that you put just a fraction of your total portfolio in penny stocks - money that you are OK with losing.
Why are penny stocks so risky?
Penny stocks are considered risky assets because of their high price volatility and lack of liquidity. Penny stocks are shares of small companies, only a few of which have the potential to perform well in the future. Because of poor liquidity, it is hard or sometimes outright impossible to sell the stocks you own.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Diversifying your investments
- Fineco Bank stock conditions explained
- Stock trading at Fineco Bank: an expert guide and rating
- ETF trading conditions at Fineco Bank explained
- Fineco Bank fractional shares trading conditions explained
- Are margin interest rates low at Fineco Bank?
- Fineco Bank cash interest rate
- Fineco Bank ESG investing
- Fineco Bank invest $100,000
- Fineco Bank IPO accessibility
- Fineco Bank Mexican stocks trading availability
- Fineco Bank US stock trading details
- Fineco Bank Australian stocks trading availability
- Fineco Bank Canadian stocks trading availability
- Fineco Bank Japanese stocks trading availability
- Fineco Bank French stocks trading availability
- Fineco Bank Italian stocks trading availability
- Fineco Bank Swiss stocks trading availability
- Fineco Bank Hong Kong stocks trading availability
- Fineco Bank Dutch stocks trading availability
- Fineco Bank Spanish stocks trading availability
- Fineco Bank Singapore stocks trading availability
- Fineco Bank Swedish stocks trading availability
- Fineco Bank Norwegian stocks trading availability
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.
