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Best Penny Stocks Under $1

Check in daily to find the best stocks under $1. This list is updated and active throughout the day. It includes premarket, aftermarket, movers and best-performing stocks.

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When most people think about trading stocks, they imagine million-dollar brokers trading shares of major corporations like Amazon (NYSE: AMZN), AT&T (NYSE: T) and Tesla (NASDAQ: TSLA). But trading like a pro doesn’t necessarily require millions of dollars of free capital in your brokerage account. 

Penny stocks, occasionally referred to as “micro cap” or “nano cap” stocks, are low-value stocks representing smaller companies. As the name suggests, these stocks are often priced under $1 per share — making them much more accessible to beginner investors or those with less capital. 

Highlighted Penny Stocks:

Symbol Company Change Price Invest
IZEA IZEA Worldwide
– 6.98%
$1.60 Buy stock
INUV Inuvo, Inc.
– 2.55%
$0.66 Buy stock
GNUS Genius Brands Intl
– 4.22%
$1.59 Buy stock
STON StoneMor
+ 0.01%
$0.80 Buy stock
HSTO Histogen
– 5.19%
$2.74 Buy stock

Overview: Penny Stocks

Penny stocks are shares of small companies that typically trade for significantly less money than shares of larger companies. Despite the name, the term “penny share” can be applied to any stocks under $5. A penny stock might be sold on an over-the-counter (OTC) exchange but many are also sold on SEC-regulated exchanges like the New York Stock Exchange (NYSE).

Penny stocks have historically been subject to scams and artificial price inflation due to their ease of manipulation. One of the most popular forms of penny stock fraud is the “pump and dump” scheme. During a pump and dump, marketers who hold shares of a particular security intentionally spread false or misleading information about the company issuing the stock, which causes the price of the stock to rise sharply. After the price has risen, the holders “dump” the stocks at inflated prices onto those buying in after hearing the news. 

The expanding use of social media websites like Twitter and Facebook has increased instances of pump and dump schemes. It’s now more important than ever for investors to do their due diligence before they make a purchase.

Penny stocks are also attractive to investors because they show higher-than-average volatility. The volatility of a stock describes how often and by what magnitude a stock will increase or decrease in value over the course of a normal trading day. 

High volatility means that there is plenty of room for profit when buying and selling penny stocks. For example, if you purchase 1,000 shares of Stock X at $1 and sell them at $2, you’ve doubled your money and earned $1,000. However, this high volatility also means that it’s possible to lose money quickly. 

Features to Look for in Penny Stock

Not every penny stock is an equally good investment. All penny stocks are risky by nature — but you can limit your risk by searching for these 3 key features.  

  • Trades on a major exchange: Most penny stocks are sold on OTC markets or through the OTC Bulletin Board. Though these shares are usually very cheap (often trading for pennies on the dollar) they also enjoy much lower levels of oversight. If you’re buying your first penny stocks, begin by searching for stocks on major exchanges, like the NYSE or NASDAQ. Stocks listed on these exchanges must meet minimum requirements set by the Securities Exchange Commission, which greatly reduces the likelihood that you’ll get caught up in a scam.
  • A high daily trading volume. Many investors look to penny stocks in the hopes of earning money by swing trading or day trading. However, what some people forget is that if you want to sell a stock, there needs to be someone on the market willing to buy it. Use a stock screener to search for penny stocks with higher average daily volumes. A higher volume will help you sell off your stocks when you choose — not when prices are at rock-bottom.
  • A positive earnings per share. A stock’s earnings per share (EPS) value is equal to the current earnings of the company divided by the current number of shares outstanding. If possible, look for a stock with a positive EPS value — this indicates that the company is currently profitable.

Most penny stocks represent smaller or newly formed corporations, so this may not always be possible. If you do decide to invest in a stock with a negative EPS value, make sure that it has a manageable level of debt. 

Penny Stocks to Watch Out for This Year

Thinking about adding a few affordable penny stocks to your portfolio? Consider these top 5 choices that investors have their eyes on. 

1. IZEA Worldwide (NYSE: IZEA)

Symbol Company Change Price Invest
IZEA IZEA Worldwide
– 6.98%
$1.60 Buy stock

IZEA Worldwide Inc. (NYSE: IZEA) operates online platforms and automates influencer marketing and custom content development to help brands and agencies scale their marketing programs. IZEA Worldwide’s app helps connect brands with influencers to schedule sponsored content, create partnership deals and monetize existing content. IZEA also offers brands white-glove influencer management and services.

A 2017 and 2018 Deloitte Technology Fast 500 Winner, the company’s primary revenue streams involve managed services, software licensing and marketplace fees. IZEA has rebounded well throughout the COVID-19 pandemic, with a current market capitalization of over $19 million. Though IZEA Worldwide’s EPS is currently still in the red, this is common for smaller, newly formed companies. 

2. Inuvo (NYSE: INUV)

Symbol Company Change Price Invest
INUV Inuvo, Inc.
– 2.55%
$0.66 Buy stock

Inuvo (NYSE: INVO) is a market analysis service provider and content creation agency. Inuvo uses artificial intelligence (AI) to analyze marketing and sponsored content and to create advertising that reaches its target market effectively. Inuvo’s marketing strategies largely focus on lowering cost per action (CPA) of ad campaigns by finely tuning the targeted marketing.

Though Inuvo’s share price is down from its peak in 2005, the company’s new cloud-based platform IntentCloud and enhanced focus on AI might lead to a resurgence in future years. In late 2019, Inuvo announced that IntentCloud would help brands process marketing data up to 300% faster than traditional solutions and at a price cut of up to 50%. Inuvo’s market capitalization has been on a steady rise since the release of the IntentCloud platform, with an increase in market capitalization of over $10 million in the fourth quarter of 2019 alone. Now might be the time for investors to give Inuvo a second look — especially in light of its sub-$1 share price. 

3. Genius Brands Intl (NASDAQ: GNUS)

Symbol Company Change Price Invest
GNUS Genius Brands Intl
– 4.22%
$1.59 Buy stock

Genius Brands International, Inc. (NASDAQ: GNUS) is a leading global kids media company developing, producing, marketing and licensing branded children’s entertainment properties and consumer products for media and retail distribution.

Genius Brands International recently announced that it has entered into a securities purchase agreement with certain long-standing investors providing for the purchase and sale of 8 million shares of its common stock at a purchase price of $0.35 per share in a registered direct offering, resulting in total gross proceeds of $2.8 million.

4. StoneMor (NASDAQ: STON)

Symbol Company Change Price Invest
STON StoneMor
+ 0.01%
$0.80 Buy stock

StoneMor provides a broad scope of products and services through the ownership, development, and operation of cemeteries and funeral homes in multiple states. Customers are able to plan and pre-purchase their burial plot, casket or urn, vault, mausoleum space and other details connected to a burial.

Throughout 321 cemeteries and 90 funeral homes in 27 states and Puerto Rico, StoneMor focuses on the sensitive needs of its customers and their families. Revenues for the first quarter were $71.2 million compared to $71.5 million in the first quarter in the prior year. Cemetery segment operating income for the first quarter was $5.2 million compared to $2.8 million in the first quarter in the prior year, representing an increase of $2.4 million.

5. Conatus Pharmaceuticals (NASDAQ: CNAT)

Symbol Company Change Price Invest
HSTO Histogen
– 5.19%
$2.74 Buy stock

Conatus Pharmaceuticals is a biotechnology company focused on the development and commercialization of novel medicines to treat chronic diseases with significant unmet needs. They lead in a licensed compound that is being developed in collaboration with Novartis for the treatment of patients with NASH-driven chronic liver diseases.

In addition, Conatus‘ lead internally developed compound, CTS-2090, is targeting the treatment of patients with chronic diseases involving inflammasome pathways. As of March 31, 2020, the Company has devoted substantially all of its efforts to product development and has not realized product sales revenues from its planned principal operations. They have a limited operating history, and the sales and income potential of the Company’s business and market are unproven.

Update: As of May 27, 2020, Conatus Pharmaceuticals (NASDAQ: CNAT) has been acquired by Histogen (NASDAQ: HSTO).

Biggest Penny Movers of the Day

Penny stocks are significantly more volatile than the stocks of larger or more established corporations. Take a look at the top movers in the penny stock sector below. 

Gainers

Session: Aug 6, 2020 4:00 pm – Aug 7, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy IFMK Stock – Trade for Free IFMK
iFresh
0.91 1.12 0.21 23.07% 2.22M
Buy OCGN Stock – Trade for Free OCGN
Ocugen
0.46 0.55 0.09 19.33% 47.41M
Buy CVEO Stock – Trade for Free CVEO
Civeo
0.88 1.02 0.14 15.90% 2.01M
Buy HJLI Stock – Trade for Free HJLI
Hancock Jaffe
0.33 0.37 0.04 12.44% 6.10M
Buy XELA Stock – Trade for Free XELA
Exela Technologies
0.56 0.63 0.07 12.34% 21.84M
Buy GEN Stock – Trade for Free GEN
Genesis Healthcare
0.92 1.03 0.11 11.95% 4.14M
Buy VTGN Stock – Trade for Free VTGN
VistaGen Therapeutics
0.81 0.89 0.08 9.60% 9.26M
Buy SENS Stock – Trade for Free SENS
Senseonics Holdings, Inc. Common Stock
0.44 0.48 0.04 9.26% 1.83M
Buy CCCL Stock – Trade for Free CCCL
China Ceramics Co
0.80 0.86 0.07 8.21% 40.98K
Buy NTEC Stock – Trade for Free NTEC
Intec Pharma
0.39 0.42 0.03 8.05% 9.29M
Buy BNGO Stock – Trade for Free BNGO
Bionano Genomics
0.80 0.86 0.06 7.97% 72.45M
Buy HGSH Stock – Trade for Free HGSH
China HGS Real Estate
0.89 0.96 0.07 7.86% 49.82K
Buy GSM Stock – Trade for Free GSM
Ferroglobe
0.51 0.55 0.04 7.49% 8.10M
Buy GSV Stock – Trade for Free GSV
Gold Standard Ventures Corporation Common Stock (Canada)
0.97 1.04 0.07 7.46% 3.10M
Buy AEZS Stock – Trade for Free AEZS
AEterna Zentaris
0.46 0.50 0.03 7.36% 9.83M
Buy EYPT Stock – Trade for Free EYPT
EyePoint Pharmaceuticals
0.67 0.72 0.05 6.71% 80.97K
Buy MDLY Stock – Trade for Free MDLY
Medley Management
0.71 0.75 0.04 6.26% 2.78M
Buy PME Stock – Trade for Free PME
Pingtan Marine Enterprise
0.96 1.01 0.05 5.20% 5.20K
Buy GRNQ Stock – Trade for Free GRNQ
Greenpro Capital
0.79 0.83 0.04 5.18% 98.03K
Buy NCSM Stock – Trade for Free NCSM
NCS Multistage Holdings
0.69 0.72 0.04 5.04% 62.58K

Losers

Session: Aug 6, 2020 4:00 pm – Aug 7, 2020 3:59 pm
Symbol Open Close Change Change % Volume
Buy NXTD Stock – Trade for Free NXTD
Nxt-ID
0.69 0.55 -0.13 -19.28% 7.96M
Buy STAF Stock – Trade for Free STAF
Staffing 360 Solutions
1.01 0.82 -0.19 -18.82% 83.04K
Buy ASRT Stock – Trade for Free ASRT
Assertio Holdings
0.94 0.78 -0.15 -16.22% 3.83M
Buy SDPI Stock – Trade for Free SDPI
Superior Drilling Products, Inc. Common Stock
0.64 0.55 -0.09 -14.69% 10.82K
Buy BIOC Stock – Trade for Free BIOC
Biocept
1.14 1.00 -0.14 -12.15% 26.20M
Buy CBL Stock – Trade for Free CBL
CBL & Associates
0.25 0.22 -0.03 -11.12% 21.72M
Buy TTI Stock – Trade for Free TTI
Tetra Technologies
0.67 0.60 -0.07 -10.83% 4.61M
Buy TOPS Stock – Trade for Free TOPS
TOP Ships
0.10 0.09 -0.01 -10.72% 164.83M
Buy PACD Stock – Trade for Free PACD
Pacific Drilling
0.44 0.40 -0.05 -10.30% 10.06M
Buy CELGr Stock – Trade for Free CELGr
Bristol-Myers Squibb Company Celegne Contingent Value Rights
0.49 0.44 -0.05 -10.19% 5.92K
Buy NBRV Stock – Trade for Free NBRV
Nabriva Therapeutics
0.81 0.73 -0.08 -9.40% 3.86M
Buy FET Stock – Trade for Free FET
Forum Energy Technologies
0.49 0.45 -0.04 -8.99% 8.22M
Buy ALJJ Stock – Trade for Free ALJJ
ALJ Regional Holdings
0.78 0.71 -0.07 -8.67% 47.27K
Buy OPTT Stock – Trade for Free OPTT
Ocean Power Technologies
1.13 1.04 -0.09 -8.00% 2.29M
Buy CHFS Stock – Trade for Free CHFS
CHF Solutions
0.73 0.67 -0.06 -7.71% 12.28M
Buy ENSV Stock – Trade for Free ENSV
Enservco Corporation Common Stock
0.18 0.17 -0.01 -7.22% 2.98M
Buy TYHT Stock – Trade for Free TYHT
Shineco
0.53 0.50 -0.04 -6.69% 49.34K
Buy AAU Stock – Trade for Free AAU
Almaden Minerals, Ltd. Common Shares
0.76 0.71 -0.05 -6.44% 1.05M
Buy AVGR Stock – Trade for Free AVGR
Avinger
0.57 0.53 -0.04 -6.17% 13.10M
Buy HSDT Stock – Trade for Free HSDT
Helius Medical
0.57 0.53 -0.04 -6.16% 56.00K

Premarket Penny Stocks

Gainers

Session: Aug 6, 2020 4:00 pm – Aug 7, 2020 9:29 am
Symbol Open Close Change Change % Volume
Buy BNGO Stock – Trade for Free BNGO
Bionano Genomics
0.80 0.97 0.17 20.62% 11.28M
Buy GEN Stock – Trade for Free GEN
Genesis Healthcare
0.92 1.07 0.15 16.30% 53.30K
Buy TKAT Stock – Trade for Free TKAT
Takung Art Co., Ltd. Common Stock
0.95 1.07 0.12 12.63% 3.72K
Buy CVEO Stock – Trade for Free CVEO
Civeo
0.88 0.93 0.05 5.68% 30.10K
Buy JILL Stock – Trade for Free JILL
J.Jill
0.55 0.57 0.03 5.06% 9.54K
Buy MDLY Stock – Trade for Free MDLY
Medley Management
0.71 0.74 0.03 4.84% 40.41K
Buy CHAP Stock – Trade for Free CHAP
Chaparral Energy
0.38 0.40 0.02 3.84% 8.61K
Buy AAU Stock – Trade for Free AAU
Almaden Minerals, Ltd. Common Shares
0.76 0.79 0.03 3.78% 5.18K
Buy SMLP Stock – Trade for Free SMLP
Summit Midstream Partners
0.92 0.96 0.04 3.77% 42.95K
Buy LCTX Stock – Trade for Free LCTX
Lineage Cell Therapeutics, Inc. Common Stock
0.92 0.95 0.03 3.74% 22.60K
Buy SENS Stock – Trade for Free SENS
Senseonics Holdings, Inc. Common Stock
0.44 0.45 0.02 3.49% 12.91K
Buy PDS Stock – Trade for Free PDS
Precision Drilling
0.65 0.67 0.02 3.29% 0.28K
Buy NMCI Stock – Trade for Free NMCI
Navios Maritime Container
0.77 0.79 0.02 2.79% 1.01K
Buy ONVO Stock – Trade for Free ONVO
Organovo Holdings
0.70 0.72 0.02 2.56% 4.45K
Buy HPR Stock – Trade for Free HPR
HighPoint Resources
0.41 0.42 0.01 2.36% 15.19K
Buy OAS Stock – Trade for Free OAS
Oasis Petroleum
0.70 0.71 0.02 2.32% 1.25M
Buy FET Stock – Trade for Free FET
Forum Energy Technologies
0.49 0.51 0.01 2.24% 62.37K
Buy GSM Stock – Trade for Free GSM
Ferroglobe
0.51 0.52 0.01 1.98% 24.35K
Buy OCGN Stock – Trade for Free OCGN
Ocugen
0.46 0.47 0.01 1.97% 23.23K
Buy XXII Stock – Trade for Free XXII
22nd Century Group, Inc. Common Stock
0.74 0.75 0.01 1.88% 16.89K

Losers

Session: Aug 6, 2020 4:00 pm – Aug 7, 2020 9:29 am
Symbol Open Close Change Change % Volume
Buy NXTD Stock – Trade for Free NXTD
Nxt-ID
0.69 0.56 -0.12 -17.93% 88.61K
Buy LEE Stock – Trade for Free LEE
Lee Enterprises
1.00 0.90 -0.10 -9.91% 1.27K
Buy CHFS Stock – Trade for Free CHFS
CHF Solutions
0.73 0.66 -0.07 -9.40% 1.74M
Buy CCO Stock – Trade for Free CCO
Clear Channel Outdoor
1.00 0.92 -0.09 -8.50% 89.12K
Buy ASRT Stock – Trade for Free ASRT
Assertio Holdings
0.93 0.86 -0.08 -8.27% 12.62K
Buy NOG Stock – Trade for Free NOG
Northern Oil and Gas, Inc. Common Stock
0.86 0.80 -0.06 -7.35% 44.60K
Buy SYN Stock – Trade for Free SYN
Synthetic Biologics, Inc. Common Stock
0.60 0.56 -0.04 -6.01% 19.96K
Buy ISIG Stock – Trade for Free ISIG
Insignia Systems
0.86 0.81 -0.05 -5.85% 2.94K
Buy PACD Stock – Trade for Free PACD
Pacific Drilling
0.44 0.42 -0.02 -5.35% 1.03M
Buy TAT Stock – Trade for Free TAT
TransAtlantic Petroleum Ltd Ordinary Shares (Bermuda)
0.35 0.33 -0.02 -5.26% 5.89K
Buy AVGR Stock – Trade for Free AVGR
Avinger
0.57 0.54 -0.03 -5.26% 71.65K
Buy NBRV Stock – Trade for Free NBRV
Nabriva Therapeutics
0.81 0.77 -0.04 -4.96% 15.79K
Buy ZN Stock – Trade for Free ZN
Zion Oil & Gas
0.43 0.41 -0.02 -4.95% 15.94K
Buy VAL Stock – Trade for Free VAL
Valaris
0.40 0.38 -0.02 -4.92% 28.84K
Buy TTI Stock – Trade for Free TTI
Tetra Technologies
0.67 0.64 -0.03 -4.88% 11.97K
Buy CCCL Stock – Trade for Free CCCL
China Ceramics Co
0.80 0.76 -0.04 -4.81% 2.40K
Buy TGB Stock – Trade for Free TGB
Taseko Mines, Ltd. Common Stock
0.83 0.79 -0.04 -4.47% 57.33K
Buy BIOC Stock – Trade for Free BIOC
Biocept
1.14 1.09 -0.05 -4.39% 1.95M
Buy CPHI Stock – Trade for Free CPHI
China Pharma Holdings, Inc. Common Stock
0.51 0.49 -0.02 -4.26% 4.26K
Buy TRXC Stock – Trade for Free TRXC
TransEnterix, Inc. Common Stock
0.46 0.44 -0.02 -4.15% 71.69K

After-Market Penny Stocks

Gainers

Session: Aug 7, 2020 4:00 pm – Aug 7, 2020 7:59 pm
Symbol Open Close Change Change % Volume
Buy TAT Stock – Trade for Free TAT
TransAtlantic Petroleum Ltd Ordinary Shares (Bermuda)
0.33 0.53 0.20 59.15% 47.30K
Buy SDPI Stock – Trade for Free SDPI
Superior Drilling Products, Inc. Common Stock
0.54 0.61 0.07 12.75% 67.55K
Buy HJLI Stock – Trade for Free HJLI
Hancock Jaffe
0.36 0.41 0.05 12.54% 9.37M
Buy CVEO Stock – Trade for Free CVEO
Civeo
1.02 1.11 0.09 8.82% 43.63K
Buy HUSN Stock – Trade for Free HUSN
Hudson Capital
0.55 0.58 0.03 4.99% 1.06K
Buy PER Stock – Trade for Free PER
SandRidge Permian
0.41 0.43 0.02 4.87% 1.15K
Buy STAF Stock – Trade for Free STAF
Staffing 360 Solutions
0.82 0.86 0.04 4.87% 14.17K
Buy PACD Stock – Trade for Free PACD
Pacific Drilling
0.39 0.41 0.02 4.12% 17.07K
Buy CCCL Stock – Trade for Free CCCL
China Ceramics Co
0.86 0.90 0.04 4.05% 8.96K
Buy VTGN Stock – Trade for Free VTGN
VistaGen Therapeutics
0.89 0.92 0.03 2.85% 14.27K
Buy CHAP Stock – Trade for Free CHAP
Chaparral Energy
0.39 0.40 0.01 2.74% 12.27K
Buy ONVO Stock – Trade for Free ONVO
Organovo Holdings
0.71 0.73 0.02 2.37% 2.80K
Buy OCGN Stock – Trade for Free OCGN
Ocugen
0.55 0.56 0.01 2.36% 8.57M
Buy MYT Stock – Trade for Free MYT
Urban Tea
0.43 0.44 0.01 2.32% 67.64K
Buy CEI Stock – Trade for Free CEI
Camber Energy, Inc. Common Stock
0.83 0.85 0.02 2.18% 37.99K
Buy ASRT Stock – Trade for Free ASRT
Assertio Holdings
0.78 0.80 0.02 2.09% 2.65K
Buy CCO Stock – Trade for Free CCO
Clear Channel Outdoor
0.90 0.92 0.02 2.09% 13.48K
Buy SNSS Stock – Trade for Free SNSS
Sunesis Pharmaceuticals
0.31 0.32 0.01 2.01% 2.35M
Buy GEN Stock – Trade for Free GEN
Genesis Healthcare
1.00 1.02 0.02 2.00% 39.83K
Buy GSUM Stock – Trade for Free GSUM
Gridsum Holding
0.71 0.72 0.01 1.99% 58.51K

Losers

Session: Aug 7, 2020 4:00 pm – Aug 7, 2020 7:59 pm
Symbol Open Close Change Change % Volume
Buy IFMK Stock – Trade for Free IFMK
iFresh
1.09 0.94 -0.16 -14.23% 28.16K
Buy ATNM Stock – Trade for Free ATNM
Actinium Pharmaceuticals, Inc. (Delaware) Common Stock
0.43 0.39 -0.04 -8.24% 4.43M
Buy NTEC Stock – Trade for Free NTEC
Intec Pharma
0.42 0.39 -0.03 -7.80% 1.61M
Buy HNRG Stock – Trade for Free HNRG
Hallador Energy
0.85 0.79 -0.07 -7.64% 2.21K
Buy SENS Stock – Trade for Free SENS
Senseonics Holdings, Inc. Common Stock
0.48 0.45 -0.03 -5.45% 60.98K
Buy ALJJ Stock – Trade for Free ALJJ
ALJ Regional Holdings
0.72 0.68 -0.04 -5.28% 10.49K
Buy LEE Stock – Trade for Free LEE
Lee Enterprises
0.95 0.91 -0.04 -4.22% 3.15K
Buy TYHT Stock – Trade for Free TYHT
Shineco
0.51 0.49 -0.02 -4.07% 15.60K
Buy NVUS Stock – Trade for Free NVUS
Novus Therapeutics
0.48 0.46 -0.02 -3.83% 0.73K
Buy IGC Stock – Trade for Free IGC
India Globalization Capital Inc. Common Stock
0.70 0.68 -0.02 -2.85% 9.79K
Buy ACOR Stock – Trade for Free ACOR
Acorda Therapeutics
0.74 0.72 -0.02 -2.79% 5.13K
Buy MDLY Stock – Trade for Free MDLY
Medley Management
0.75 0.73 -0.02 -2.55% 26.87K
Buy HX Stock – Trade for Free HX
Hexindai
0.72 0.70 -0.02 -2.40% 2.00K
Buy TOPS Stock – Trade for Free TOPS
TOP Ships
0.09 0.09 0.00 -2.34% 14.56M
Buy TRXC Stock – Trade for Free TRXC
TransEnterix, Inc. Common Stock
0.44 0.43 -0.01 -2.30% 40.30K
Buy HPR Stock – Trade for Free HPR
HighPoint Resources
0.40 0.39 -0.01 -2.29% 98.61K
Buy NOG Stock – Trade for Free NOG
Northern Oil and Gas, Inc. Common Stock
0.84 0.82 -0.02 -2.21% 49.92K
Buy BNGO Stock – Trade for Free BNGO
Bionano Genomics
0.86 0.85 -0.02 -2.18% 1.06M
Buy TEUM Stock – Trade for Free TEUM
Pareteum
0.78 0.76 -0.02 -2.10% 2.25K
Buy JAGX Stock – Trade for Free JAGX
Jaguar Health
0.75 0.73 -0.02 -2.01% 13.42K

The Power of Pennies

Investing in penny stocks can be exciting. With a wide range of industry options, higher volatility and hundreds of stocks under $20, it’s easy to see why so many investors are drawn to the opportunities that penny stocks represent. However, it’s also important to remember that penny stocks are very risky — and they should never make up the majority of your portfolio.

Don’t be afraid to invest in a few solid penny stocks and hope that they increase in value. But, remember to use total market funds and index funds as the basis of your portfolio. This will leave you room for growth while also protecting your future.  

Best Online Brokers for Penny Stocks

No matter if you’re day trading penny stocks or you’re looking for stocks under $10 to add to your long-term portfolio, you need to open a brokerage account before you can begin trading. Your broker will carry out buy and sell orders on your behalf, as traders can’t buy or sell stocks directly on the market.

Don’t already have a brokerage account? Consider our favorites below. 

Commissions
$0
Account Min
$0
Get started securely through JP Morgan Chase’s website
Commissions
$0
Account Min
$0
1 Minute Review

Chase You Invest is the retail brokerage arm of JP Morgan Chase, the largest bank in the United States. While most of the firm’s products are targeted toward wealthy clientele, You Invest gives novice investors a chance to learn about markets, select the best securities and plan for future goals like retirement. No futures, forex, or margin trading is available, so the only way for traders to find leverage is through options. 

Not all investors will appreciate the basic setup and simplistic trading suggestions, but plenty more want to learn about markets but just don’t know where to get started. Chase You Invest provides that starting point, even if most clients eventually grow out of it.

Best For
  • Investors using Chase banking products
  • Mobile traders
  • Retirement savers
Pros
  • Easy to navigate
  • Functional mobile app
  • Cash promotion for new accounts
Cons
  • No forex or futures trading
  • Limited account types
  • No margin offered
Commissions
$0 $6.95 for OTC Stocks
Account Min
$0
Get started securely through TD Ameritrade’s website
Commissions
$0 $6.95 for OTC Stocks
Account Min
$0
1 Minute Review

This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.

Best For
  • Novice investors
  • Retirement savers
  • Day traders
Pros
  • World-class trading platforms
  • Detailed research reports and Education Center
  • Assets ranging from stocks and ETFs to derivatives like futures and options
Cons
  • Thinkorswim can be overwhelming to inexperienced traders
  • Derivatives trading more costly than some competitors
  • Expensive margin rates
Commissions
$0
Account Min
$0
Get started securely through TradeStation’s website
Commissions
$0
Account Min
$0
1 Minute Review

TradeStation is for advanced traders who need a comprehensive platform. The brokerage offers an impressive range of investable assets as frequent and professional traders appreciate its wide range of analysis tools. TradeStation’s app is also equally effective, offering full platform capabilities.

Best For
  • Advanced traders
  • Options and futures traders
  • Active stock traders
Pros
  • Comprehensive trading platform and professional-grade tools
  • Wide range of tradable securities
  • Fully-operational mobile app
Cons
  • Confusing pricing structure to leave new traders with a weak understanding of what they pay
  • Cluttered layout to make navigating TradeStation’s platform more difficult than it should be

If you want to see other top performing cheap stocks see below:

Here are some movers in other categories

Start trading penny stocks today. If you are looking to compare online brokers, take a look at some of our other favorites.

You can also install the Benzinga Moving Stocks Chrome Extension.

Trading Penny Stocks

Timing the market, entering and exiting at the right time is always ideal when you trade penny stocks. And if penny stocks are part of your game, you may want to learn how to trade professionally through technical analysis for you to get in at a swing low, retracements, breakouts or along with price action setups as confirmation to increase your profitability. 

We’ve got established trader Ezekiel Chew founder of Asia Forex Mentor, who makes 6 figures a trade, and trains the bank traders behind the scenes, to share with us how to be successful in trading and investing.

Ezekiel believes there are three key aspects to successful trading:

1. You’ve first got to learn how to read the charts. And one of the best ways to learn this is through price action; the technique that the majority of professional traders use. Once you have learned how to read the charts, you will know why the market is going up, down or sideways and then will you recognize which strategy to put into play in that direction.

2. Trade with a proven trading strategy or a combination of strategies. A proven strategy is one that is comprehensively back-tested and has been shown to work consistently. It is only in this way that you will have the confidence to stick with it during the lull periods.

3. Have a solid trading system. One that is defined not only by the technical aspects but also the business behind trading; a properly structured trade that is in line with the overall trading plan that has been proven to work. In contrast to what most new traders think, trading is not just about strategies, but the system itself also contributes greatly to becoming a successful trader.

Example of how Ezekiel used technical analysis to trade the Nasdaq

If you want to learn the precise trading system that Ezekiel uses to make 6 figures a trade and that he uses to train banks, check out the Asia Forex Mentor One Core Program, which has turned many new traders into professionals.

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