TD Ameritrade has provided its customers with industry-leading technology platforms that provide the finest in tools, research, real-time streaming data, and support since 1975. Its mobile trading app is no exception, which is why it is our choice for the finest penny stock trading app.
If trading fees are your primary concern when selecting a penny stock trading software, TD Ameritrade may not be for you. When trading non-OTC stocks, you may avoid paying commissions. However, trading OTC penny stocks will cost you $6.95 every transaction. A minimum deposit is not needed to open an account.
However, when it comes to the most extensive research tools and analytical software, TD Ameritrade is unrivaled. You may choose one of their trading applications based on your degree of expertise or trading frequency. The standard TD Ameritrade app is best suited for beginner investors or those who trade seldom, while the award-winning, premium thinkorswim app is best suited for advanced or aggressive traders.
With live feeds and charts, both applications allow you to trade and manage your stocks. While both applications include a variety of research tools, the thinkorswim app provides features to assist you estimate the worth of a penny stock firm and evaluate the timing of a stock purchase based on price movement and volatility.
It should be mentioned that TD Ameritrade amalgamated with Charles Schwab, another online brokerage market leader, in 2020. While the new trading platform’s design is unknown, you can anticipate it to offer best-in-class features and capabilities.
Read our full TD Ameritrade Review.
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