E-Trade is a well-known name in the investment industry. It has made efforts to minimize the risk of penny stock trading by limiting online trades and not trading any stock valued at less than $1 per share. E-Trade allows you to buy penny stocks using both Pink Sheets and the Over-the-Counter Bulletin Board (OTCBB), though it encourages you to contact them directly before attempting to invest in penny stocks on your own.
As part of its online platform, which can be accessed by any web-enabled device, you are provided a risk analyzer, a portfolio analyzer and an income estimator. These tools help you see various “what if” scenarios when determining which types of penny stocks or other investments you want to buy. In-depth information about specific investments, such as past performance, is provided to help you determine the overall risk of investing in penny stocks.
When you create an account, E-Trade provides a dashboard you can customize to give you a complete overview of how well your stocks are performing. In addition, there are research tools and reports to help you analyze your investments to determine when to hold and when to sell. News feeds are also available.
E-Trade’s pricing is competitive for penny stock trading. Its rate and commissions depend on the amount of shares per trade. Additional account fees may also apply depending on the type of brokerage account you open. All of the pricing information is easily located on E-Trade’s website.
This penny stockbroker has extensive educational materials. First, there are online investing courses touching on several topics at various levels depending on whether you are a beginner or a more experienced investor. Second, articles, video tutorials and live events hosted by E-Trade and its affiliate partners are provided as additional tools to help you better understand penny market trading, its risks and benefits.
E-Trade has several support options, including physical locations so you can have face-to-face assistance. Telephone support is available for both U.S. and international customers 24 hours a day, Monday through Friday. Weekend support is limited to certain investments. The FAQs and online documents offer thorough information on investment opportunities, account management and portfolio analysis.
E-Trade was founded in 1982 and has been trading online for over 33 years. These professional penny stock traders understand the inherent uncertainty of these investments and have worked to create a platform to help minimize risk. The online platform and resource center offer a lot of in-depth information on penny stock investing in addition to other financial investments to help you increase and diversify your portfolio.