Cheapest Penny Stock Brokers With No Surcharge On Penny Stock Trades


List below contains 2017 review of the online brokerage firms trading commissions and surcharges on penny stock trades (stocks priced below $1/Pink Sheets/OTCBB) for the following companies: TD Ameritrade, Charles Schwab, Etrade, Vanguard, Fidelity, Interactive Brokers, Bank of America Brokerage, Merrill Edge (Lynch), USAA, Optionshouse, Optionsxpress, Scottrade, Capital One Sharebuilder, Ally Invest, Tradestation, and Wells Fargo's Wellstrade.


Cheapest Penny Stocks Brokers


A lot of online brokers charge additional commission on penny stocks (stocks priced under $1) trades. This surcharge policy makes low priced securities trades prohibitively expensive. However, there are some brokerage firms that do not impose additional commission on penny stock trades. In 2017 we have reviewed online broker penny stock charges and listed them in the table below.

Our research shows that the highest rated, best stock brokers for penny stocks trades are TD Ameritrade and TradeStation. TD Ameritrade charges $6.95 and TradeStation charges $5 per penny stock transaction. There is no penny stock trade surcharge at these companies. Unadvertised secret is that TD Ameritrade's commissions are negotiable for active traders and most are able to get much lower rate. This combination of low commissions and no surcharge makes the two firms the cheapest brokers for penny stock trading.

Another thing to consider when looking for the cheapest penny stock broker, is that some brokerage firms might have additional commission on large-size orders - usually 1,000 shares or more. This surcharge will also make penny stock trades way too expensive. TD Ameritrade doesn't have large-size surcharge.

We encourage readers to check detailed brokerage reviews on our website that contain the links to the list of all the fees charged by the firms.

The companies we mentioned above offer incentive offers for new clients to open a brokerage account (all current broker promotions are listed here):

TradeStation: Get $5 per trade stock and ETF commissions. $4 per trade for IRAs.

TD Ameritrade: Trade free for 60 days + get up to $600.




    

Brokerage Firms Penny Stock Fees



Scottrade
Rating
Scottrade Penny Stocks Commission/Fee Scottrade
Review


Scottrade rating

Scottrade


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

Scottrade penny stock definition: $1 or less
Scottrade
Review
Ally Invest
Rating
Ally Invest Penny Stocks Commission/Fee Ally Invest
Review

Ally Invest rating

Ally Invest


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

Ally Invest penny stock definition: $2 or less
Ally Invest
Review
TD Ameritrade
Rating
TD Ameritrade Penny Stocks Commission/Fee TD Ameritrade
Review

TD Ameritrade rating

TD Ameritrade


TD Ameritrade penny stock commission: $6.95

TD Ameritrade doesn't have penny stocks surcharge.
TD Ameritrade
Review
Etrade
Rating
Etrade Penny Stocks Commission/Fee Etrade
Review

Etrade rating

E*trade


Etrade penny stock commission: $6.95

Etrade doesn't have penny stocks surcharge.
Etrade
Review
TradeStation
Rating
TradeStation Penny Stocks Commission/Fee TradeStation
Review

Tradestation rating

TradeStation


TradeStation penny stock commission: $5

TradeStation doesn't have penny stocks surcharge.
TradeStation
Review
Capital One Investing
Rating
Capital One Investing Penny Stocks Commission/Fee Capital One Investing
Review

Capital One Investing rating

Capital One Investing


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
Interactive Brokers
Rating
Interactive Brokers Penny Stocks Commission/Fee Interactive Brokers
Review

Interactive Brokers rating

Interactive Brokers


Interactive Brokers penny stock commission: $0.005 per share with $1 minimum per trade for SMART routed orders

IB doesn't have penny stocks surcharge.
Interactive Brokers
Review
Fidelity
Rating
Fidelity Penny Stocks Commission/Fee Fidelity
Review

Fidelity Investments rating

Fidelity


Fidelity Investments penny stock commission: $4.95

Fidelity Investments doesn't have penny stocks surcharge.
Fidelity
Review
USAA Brokerage
Rating
USAA Brokerage Penny Stocks Commission/Fee USAA Brokerage
Review

USAA rating

USAA


USAA Brokerage penny stock commission: $8.95

USAA Brokerage doesn't have penny stocks surcharge. Additional $0.01 per share is charged for each share over 1,000.
USAA Brokerage
Review
Motif Investing
Rating
Motif Investing Penny Stocks Commission/Fee Motif Investing
Review

Motif Investing rating

Motif


Motif Investing penny stock commission: $4.95

Motif Investing doesn't have penny stocks surcharge.
Motif Investing
Review
Firstrade
Rating
Firstrade Penny Stocks Commission/Fee Firstrade
Review

Firstrade rating

Firstrade


Firstrade penny stock commission: $4.95 + 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 Commission/Fee SogoTrade
Review

Sogotrade rating

Sogotrade


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 Commission/Fee Muriel Siebert
Review

Muriel Siebert rating

Muriel Siebert


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 Commission/Fee WellsTrade
Review

Wellstarde rating

Wellstrade


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
Vanguard
Rating
Vanguard Penny Stocks Commission/Fee Vanguard
Review

Vanguard rating

Vanguard


Vanguard penny stock commission: $7 for the first 25 trades, $20 for subsequent trades for account with less than $50,000

Vanguard doesn't have penny stocks surcharge.
Vanguard
Review
Merrill Edge
Rating
Merrill Edge Penny Stocks Commission/Fee Merrill Edge
Review

Merrill Edge rating

Merrill Edge


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 Commission/Fee Trading Block
Review

Trading Block rating

Trading Block


Trading Block penny stock commission: $7.50

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

Speedtrader rating

SpeedTrader
SpeedTrader penny stock commission: $6.95

SpeedTrader doesn't have penny stocks surcharge.
SpeedTrader
Review

Updated on 1/24/2017.




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