Online Broker Fees And Commissions on Penny Stocks Trades



Online Broker Penny Stock Fees


Our research have shown that the top rated online brokers for penny stock trades are TD Ameritrade, TradeStation, and Motif Investing. TD Ameritrade commission on penny stock trades is $9.95, Motif Investing charges $4.95 and TradeStation has a $9.99 rate. There is no penny stock trade surcharge at these brokerage firms.

With TradeStation active traders can get $4.99 per trade rate if they trade at least 200 times per quarter. Unadvertised secret is that TD Ameritrade's commissions are negotiable for active traders and most of them are able to get lower rate. Motif Investing offers an ability to buy up to 30 stocks in one "motif" for only $9.95 per transaction.

This combination of low commissions and no surcharge makes these three firms the most popular brokers for penny stocks trading. Make sure to read detailed brokerage reviews before opening any online trading (investing) account. Links to reviews could be found in the table below.


Motif Investing
Rating
Motif Investing Penny Stocks Fee Motif Investing
Review






Motif Investing penny stock commission: $4.95

Motif Investing doesn't have penny stocks fees.
Motif Investing
Review
TradeStation
Rating
TradeStation Penny Stocks Fee TradeStation
Review






TradeStation penny stock commission: 1 to 9 trades/month - $9.99/trade; 10 to 29 - $7.99/trade; 30 - 99 - $6.99/trade; 100 - 199 - $5.99/trade; 200 or more - $4.99/trade

TradeStation doesn't have penny stocks fees.
TradeStation
Review
TD Ameritrade
Rating
TD Ameritrade Penny Stocks Fee TD Ameritrade
Review






TD Ameritrade penny stock commission: $9.99

TD Ameritrade doesn't have penny stocks fees.
TD Ameritrade
Review
Charles Schwab
Rating
Charles Schwab Penny Stocks Fee Charles Schwab
Review






Charles Schwab penny stock commission: $8.95

Charles Schwab doesn't have penny stocks fees.
Charles Schwab
Review
Scottrade
Rating
Scottrade Penny Stocks Fee Scottrade
Review







Scottrade penny stock commission: $7 + 0.5% of the principal value

Scottrade penny stock definition: $1 or less
Scottrade
Review
TradeKing
Rating
TradeKing Penny Stocks Fee TradeKing
Review






TradeKing penny stock commission: $4.95 + $0.01 per share on the entire order

TradeKing penny stock definition: $2 or less
TradeKing
Review
Optionshouse
Rating
Optionshouse Penny Stocks Fee Optionshouse
Review






Optionshouse penny stock commission: $4.95 + $0.005 per share for the entire order

Optionshouse penny stock definition: $2 or less
Optionshouse
Review
Etrade
Rating
Etrade Penny Stocks Fee Etrade
Review






Etrade penny stock commission: $9.99 ($7.99 if making 150+ trades per quarter)

Etrade doesn't have penny stocks fees.
Etrade
Review
Capital One Investing
Rating
Capital One Investing Penny Stocks Fee Capital One Investing
Review






Capital One Investing penny stock commission: $6.95 + $0.007 per share surcharge on real-time trades (subject to a maximum of 15% of the principal amount of the trade, but no less than the base commission)

Capital One Investing penny stock definition: $1 or less
Capital One Investing
Review
USAA Brokerage
Rating
USAA Brokerage Penny Stocks Fee USAA Brokerage
Review






USAA Brokerage penny stock commission: $8.95 for Gold members and $5.95 for Platinum members

USAA Brokerage doesn't have penny stocks surcharge. Additional $0.01 per share and $0.005 per share is charged for each share over 1,000 for Gold and Platinum members, respectively.
USAA Brokerage
Review
Firstrade
Rating
Firstrade Penny Stocks Fee Firstrade
Review






Firstrade penny stock commission: $6.95 + 0.5 cent per share for the entire order

Firstrade penny stock definition: $2 or less. Additional 0.5 cent per share surcharge for orders of over 5,000 shares.
Firstrade
Review
SogoTrade
Rating
SogoTrade Penny Stocks Fee SogoTrade
Review






SogoTrade penny stock commission: $5 + 0.5% of the principal value

SogoTrade penny stock definition: $1 or less
SogoTrade
Review
Muriel Siebert
Rating
Muriel Siebert Penny Stocks Fee Muriel Siebert
Review






Muriel Siebert penny stock commission: $14.95

Muriel Siebert doesn't have penny stocks surcharge. There is 1.5 cents per share surcharge for each additional share over 1,000.
Muriel Siebert
Review
WellsTrade
Rating
WellsTrade Penny Stocks Fee WellsTrade
Review






Wells Fargo/WellsTrade penny stock commission: greater of $34.95 and 3.5% of principal

Wells Fargo/WellsTrade penny stock definition: $1 or less. Additional 1.5 cents per share charged for more than 1,000 shares in one trade.
WellsTrade
Review
Merrill Edge
Rating
Merrill Edge Penny Stocks Fee Merrill Edge
Review






Merrill Edge penny stock commission: $6.95

Merrill Edge doesn't have penny stocks surcharge.
Merrill Edge
Review
Trading Block
Rating
Trading Block Penny Stocks Fee Trading Block
Review






Trading Block penny stock commission: $7.50

Trading Block doesn't have penny stocks surcharge.
Trading Block
Review
SpeedTrader
Rating
SpeedTrader Penny Stocks Fee SpeedTrader
Review




SpeedTrader penny stock commission: $6.95

SpeedTrader doesn't have penny stocks surcharge.
SpeedTrader
Review

Updated on 12/18/2016.



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