#8 Best Trading Apps for Penny Stocks 2023

This Charles Schwab offers investors low-cost investment, technological innovation, excellent customer service, and world-class research and education tools. Investors can access real-time data and charts, allowing them to analyze market movements and monitor price changes. Additionally, this penny stock trading app contains extensive screening algorithms that you can use to discover investment possibilities. You can also access penny stocks traded on several exchanges, including over-the-counter (OTC) and the pink sheets.

With no minimum balance restrictions and no costs on stock transactions, E*TRADE makes it simple to begin investing. With only a few dollars, anybody can establish an account and start trading penny stocks. This trading app also provides a range of other financial services, making it an appealing choice for those interested in penny stocks who want to create a diverse portfolio at a single brokerage firm. Another excellent feature is that this trading tool provides multiple high trading platforms, including online, desktop, and mobile apps, from which penny stock traders can pick.

Penny stocks should be merely one component of your overall investing plan. You should diversify your investment portfolio. Fidelity Investments enables you to invest in mutual funds and exchange-traded funds (ETFs) and establish several kinds of accounts. Because it does not need a minimum amount, this trading software is also suitable for beginners. You can start trading penny stocks with simply enough money in your account. Additionally, the mobile app has a clean design, making it simple to purchase and sell the enormous number of penny stocks offered by Fidelity.

When it comes to providing the lowest-cost access to the broadest worldwide selection of goods and marketplaces, Interactive Brokers stands apart from the competition. This penny stock trading app provides improved price execution using IB SmartRouting and access to their advanced Trader Workstation, online, mobile, and API trading platforms. Clients earn extra income from their wholly-owned shares of stock via their Stock Yield Enhancement Program, and they get the industry’s absolute lowest margin lending rates.

Millions of younger stock investors have been drawn to Robinhood’s mobile stock trading platform. Aside from zero-commission trading, the app is streamlined, incredibly intuitive, and simple, making this manufacturer the ideal penny stock trading app for new investors. The free investing app also permits commission-free trading in stocks, ETFs, options, and alternative assets such as gold and cryptocurrencies. Further, it offers essential market research tools, real-time quotations, and the option to monitor transactions and watchlists.

TD Ameritrade provides a complete set of trading tools that allow traders to have a smooth and simple trading experience on the platform. This app offers penny stock traders no minimum or recurring expenses and no fee on non-OTC stock trading. Additionally, you can choose between numerous high-end trading programs, including the regular brand web and mobile experience or the premium thinkorswim app. Both applications allow you to trade and manage your stocks with live feeds and charts.

TradeStation is another excellent brokerage for penny stock trading. It is designed for active, skilled, and professional asset managers. This trading app has two mobile apps: TS Select and TS Go, which enable zero-commission trading on penny stocks and all other equities.

This app’s users get access to various training resources, including webinars, industry information, and community forums. You’ll also get access to simulated training, which allows you to build a virtual account and test trading methods in real-time or with historical data.

TradeZero is an excellent platform for people that want both adaptability and ease of use. You can trade on your PC or a mobile app, and the platform allows you to invest in various assets, including penny stocks. The app is free, or you can upgrade to a Pro membership. The penny stock trading app provides many low-cost trading choices and 24-hour customer service. In addition, you can trade from your PC to your phone when traveling, and you can invest on the NYSE, AMEX, or NASDAQ.