The Best 2017 Marijuana Penny Stock Brokers

TD Ameritrade
This broker has been operating for more than 40 years. In 2009, Ameritrade took over Thinkorswim. The broker has a
solid trading platform with helpful charting tools as well as tutorial options to help you get started. In spite of this, their
trading platform has experienced minor technical errors in the past leaving those customers that were looking to exit
trades quite angry.
The broker has great, 24/7 customer support. You can have your emails replied to within as little as 30 minutes. TD
Ameritrade has no minimum account deposit and no surcharges are levied on shares priced less than $5.
TD Ameritrade has no inactivity or monthly fees making it perfect for long term investors. Trade execution is great
and the borrows are decent if you would like to short penny stocks. The broker offers free paper trading demo, which
is great for beginners looking to test strategies and get a feel of the market.
The main drawback of TD Ameritrade is the $9.99 fee, which is much higher than that charged by other brokers. It
can be argued that by charging more than the competition they are able to offer better customer support or it could be
that they are greedy like the rest of the players on Wall Street.
SureTrader
One of the best things about SureTrader is the chance to bypass the pattern day trader rule since it is located
offshore in the Bahamas. The pattern day trader rule is a rule set by the SEC that does not permit traders with
accounts below $25,000 from executing over 4 or 5 day trades over a 5-day business period. This can be quite
annoying and makes it hard for traders to grow their accounts fast but still protects day traders from losing money.
SureTrader has relatively poor customer support since it has very few customer support representatives to service all
of its clients many of whom are inexperienced that don’t even know how to place orders. SureTrader is a small
company and according to their LinkedIn profile, the have only about 6 employees.
Recently, SureTrader’s CEO, Guy Gentille was indicted by the SEC for manipulating penny stocks. It should be noted
that while SureTrader was not involved in the schemes this scandal has tainted their reputation. Hearing such news
about a company’s CEO would make any trader feel uneasy and for this reason, trading over $2,000 with them is not
recommended.
The account minimum is $500 and the charges are $4.95 for every trade for up to 1,000 shares but an ECN fee of
.003 is charged for routing. The leverage currently offered is 6-1 and future plans are to increase this to 20-1.
Hard to short stocks enjoy good borrows and a massive short sell list of 10,000 symbols is available. It is a great
option for the penny stock traders outside the US who have limited capital and who cannot afford or are not able to
open accounts with the more reputable brokers such as Etrade.
ChoiceTrade
The information pertaining to this company available on Google is very limited and while the company was
established in 2000, it does not even have a Wikipedia page.
ChoiceTrade is better suited to OTC stocks and only costs $7 for every OTC trade. The broker has a volume
surcharge of 1 percent for any trade over 500,000 shares. There is no account minimum but an inactivity fee of $30 is
charged for every quarter.
ChoiceTrade’s free web platform is a bit too basic and you have to pay $15 monthly to access the advanced platform.
ChoiceTrade offers promotion codes to new clients on rare occasions.
Scottrade
Simple: Scottrade offers access to online tools and solutions designed to meet help short-term and long-term goals,
including investing for retirement. No Min start an account in 10 minutes. Direct deposit into new account (need to
wait 3 days for clearacne before purchases stock under $3). Low fees per trade. Simple clear dashboard and #1 for
user ability for newbies.
Final Thoughts
Too many people are eager to start day trading and especially teenagers. People will see Instagram photos of
successful traders advertising their lavish lifestyle, traveling to various beautiful and exotic location and want to be
like them. They want to start making money immediately.