It is almost impossible to get immediate executions in the penny stock market, let alone in sub-pennies.
No individual trades ARE NOT free, - From a brokerage firm’s perspective having their customer deal in penny stocks is a loosing proposition. Many firms do what ever they can to discourage such investments/trading, especially from new accounts. No firm wants to be known as a “penny stock” firm, this would not be a honor but an absolute disgrace.
Order routing and entry is annoying since there are no regulated markets nor market makers to direct such orders. Clearing such orders is time consuming and expensive, very few penny stocks go through a CNS system which leads to many have to be manually cleared and many delivers have denominational problems.
The storage of the certificates is extremely expensive since manual counts are required by law, secured space is required and re-registration of the certificates is time consuming and expensive.
Firms are more than willing to permit existing customers trade occasionally in penny stocks but very few firms want customers to trade in them frequently. Usually experienced customers will occasionally trade in a penny stock but they know what they doing. But new customers who want to trade in only penny stocks present problems for brokerage firms. Not only are the transactions problems but the customers lack of knowledge is very difficult to deal with.
Hey,
You should try with Penny Stocks Trading (you can find more info here: http://pennystocks.toptips.org)
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Bye
If a person has no knowldge and skills about Forex then it will be very difficult to trade in Forex. But if you use the right software you can make very good profit. The best software is called "autobinary signal". If you aren't a big expert this software is the only way to earn good money in Forex.
What is a cheap software that is easy to use for penny stock trading with immediate execution of the trade and the ability to trade at fractions of a cent?
-Are individual trades free with something like this?
-If this is possible, what is the point of using something like Scottrade>
