While physical pennies may be a thing of the past, the Virtual
Brokers penny per share offering is very real and very compelling for investors looking to save on trading commission fees.
Not exact matches
They are currently trading on the AIM index in London at 3.6
pence per share but have targets with some of the top
brokers of 12 - 25p.
The need for speed is the main reason you can't effectively start day trading with simply the extra $ 5,000 in your bank account — online
brokers do not have systems quite as fast to service the true day trader, so literally the difference of
pennies per share can make the difference between a profitable and losing trade.
Questrade and Virtual
Brokers offer the lowest stated commissions: both have various plans from which to choose, including a
penny -
per -
share offering.
Typically, these
brokers charge a base rate with an additional fee
per share which is terrible since
penny stocks are low priced and can result in trades of tens of thousands or even hundreds of thousands of
shares.