Best Penny Stock Brokers

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This review highlights the best brokers for penny stock trading. Trade execution, shorting capabilities, and commissions are in focus. Compare all TradeWiser recommended brokers below!

thinkorswim

Rated #1 in the Barron's Review of Online Brokers 2009 & 2010**.
Receive up to 3 complimentary mutual funds trades per month (Learn more).

Stock Trades*	Options Base*	Options Contract*	Minimum Deposit
$9.95	$9.95	$1.50	$3,500.00

E*Trade

Trade for free your first 60 days (up to 500 free trades) with any newly funded account of atleast $2,000 (Learn more).
Rated the #1 Online Broker by SmartMoney for three straight years**

Stock Trades*	Options Base*	Options Contract*	Minimum Deposit
$9.99	$9.99	$0.75	$500.00

MB Trading

Top Rated 4.5 out of 5 Stars in the Barron's 2010 Review of Online Brokers**
One of few online brokers offering flat per contract options trades with no base fees.

Stock Trades*	Options Base*	Options Contract*	Minimum Deposit
$4.95	$0.00	$0.95	$1,000.00

OptionsHouse

Receive 100 commission free stock trades for opening a new account (Learn More).
Rated #1 in Trade Experience in the Barron's 2009 Review of Online Brokers**

Stock Trades*	Options Base*	Options Contract*	Minimum Deposit
$2.95	$8.50	$0.15	$0.00

Please Note: Recommended brokers are sponsored results.

* For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply. Pricing and rates are based on basic services and are believed to be accurate but are not guaranteed. The trade WISER staff is constantly working with its online broker representatives to obtain the latest pricing data.

** Barron's is a registered trademark of Dow Jones & Company 2010. SmartMoney is a registered trademark of SmartMoney, a joint publishing venture between Dow Jones & Company, Inc. and HearstSM Partnership. Kiplinger is a registered trademark of the Kiplinger Washington Editors, Inc. 2010.

thinkorswim, Division of TD AMERITRADE, Inc. and Reink Media Group LLC are separate, unaffiliated companies and are not responsible for each other's services and products.