How to Find a Good Penny Stock Broker?

Micro cap stocks are hard enough to trade just on their own, but with a bad penny stock broker you are in even more trouble. You just can't afford to be in a weak situation with regard to these stocks. It will greatly hurt your bottom line and cause you a lot of pain when commissions and fees start cutting out your profit margins. Here are some things to look for before going with a penny stock broker.

First off, does the broker charge extra fees on micro caps? This is a huge red flag you should be very careful of. If a brokerage charges more for these small stocks, you could end up paying that out of the profits you make every month. Instead, look for a company that deals better with micro caps without adding any extra fees or surcharges to your account just for trading them.

Make sure you have a broker that offers good training on every aspect of trading. A penny stock broker without fees is nice, but if you can't get any course work or information on how to trade, you are still in a bad situation and may end up losing money. Get to work finding a great broker that will offer you not only good rates but also good tips and advice.

Finally, you need to make sure your broker has a good service team to help you out when needed. Any penny stock broker should be able to be reached any hour of the day in case there is a major problem with your account that you can't fix on your own. Making sure this happens is crucial in case there are any specific complications or errors in anything you do while trading.

Stop bleeding money in penny stocks! Your account will not get any better just because you want it to. You need the right strategies before going into the markets. Don't get caught off guard and hit with bad trades. Learn about how to trade penny stocks, consult with the experts at Paradigm Capital Management in this regard.

Our three decades of experience provide an exceptional level of insight that is reflected in our high-conviction portfolios.

Call us 212.364.1830 or visit us here: http://paradigmcapital.com/