If you are planning to invest in the stock market, it is important to know what you are getting yourself into. When you want to trade in shares or stocks, it is important to have a good trader by your side. The stock market or trading industry is a very delicate market. One wrong move can make you lose whatever you have invested. Similarly, one right move can help you earn a lot. The whole point of trading is to avail benefits. There are millions of traders in the market and even more investors. Choosing the right trader to help you out is important. At the end of the day, this is a matter of putting/investing your hard earned money. This is why, it is also important that you get the necessary results. We have compiled a list of some of the best penny stockbrokers who offer you the best discounts and cheap broker deals. Out of them many names in the market, a few of them are as follows.
Charles Schwab
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This penny stockbroker in known for the E-Trade services provided. One of the main reasons why this broker is so famous is because of the services offered. The fess structure is transparent and is designed keeping in mind the investor’s benefit. This penny broker also has a variety of investment slabs available for various amounts.
The various discount broker deals that are offered are equally beneficial as well. One such deal is that the buying and selling rate is the same and does not consist of any hidden charges. This depends on the amount you are willing to invest. However, the minimum amount needed is at least $1000. Amongst the various brokers there are in the market, he is one of the most respected and oldest brokers in the market.
TD Ameritrade
The next name in the list of Penny stockbrokers and best discount broker deals offered is TD Ameritrade. Although in comparison to other brokers, the charges are a little on the higher end; but do not let that influence your decision. The results offered by this broker are equally amazing. They have a fantastic platform, customer service, mobile apps, and research facility. This stockbroker company is known to deliver the best results.
The only drawback here apart from the pricy commissions and stock options is the fact terms and conditions for short-term trading. As per the company, if an investor withdraws his or her investment within a month after purchase, a trading fee is charged. Apart from that, they equally have a transparent slab that reveals all the information a customer needs to know. Their customer support is available 24/7 and is approachable through email or phone. You can find a variety of coupon codes online for trading through TD Ameritrade.
Fidelity
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The next name that goes in the list of the best discount broker deals and services is Fidelity. This company also provides additional services like retirement plan services, mobile apps, special tools for trading, a good research team, and exceptional customer support.
The company makes it a point to update their investors about every small detail. They also guide their investors accordingly so that there are no losses incurred. Their fixed income pricing and offering is another good reason why you can go with them. If you make payments via credit card, there are special rewards offered in the form of cash backs. If you sign up with this company, the two promotions that are offered include 200 free trades and 500 free trades for 2 years. They offer cheap broker deals for their investors.
Interactive Brokers
The next name in the list is Interactive Brokers. The only one problem with this company is that it is purely meant for serious investors. In order to start trading, you would need to at least have a minimum amount of $10,000 as investment. Their trading standards are set to the international level and have a team of professional traders in place.
The discount broker deals that they offer include a low margin rate and trade commission as compared to the rest in the industry. They also have professionals of different types of stock trading to cater to the needs of customers/investors. Just incase your account is inactive for a certain time, they do charge a fee for the same. Their customer service is good, but pale comparison to the above two traders.
