To successfully invest in penny stocks, you need the help of not only money to make investments, but also the help of good penny stock brokers. This is especially so if you are new to the system of penny stock trading.

These brokers do all the buying and selling of orders in stock trading and are divided into three types:

• Full service brokers are better if you are new to stock trading as they offer you individual attention. Once you explain them the reason for your investment, they will advise you how and when to buy and sell stocks. However as their commission rates are rather high, about a hundred per trade, they are limited in number. As most people minimally invest in penny stocks, this commission proves to be too high for them.

• In case of discount penny stock brokers, you may not receive much personal attention, but you can still access lots of information. These brokers work online, so you can easily track you progress and accounts using your computer. As you don’t waste time commuting with them, you get lower per trade commissions to pay, and bigger profits.

• Combination penny stock brokers offer services that are a mix of the services rendered by full and discount brokers. They are not as cheap as the discount brokers but they do give you some resources worth paying for. They have online database systems you can use to track investments, live support you can use for advice and are even members of forums which you can visit to get tips. Basically, these combination stock brokers are best for people who have a bit of knowledge about penny stock trading, and don’t actually want to spend too much in fees.

Some popular penny stock brokers

Here are some penny stock brokers worth checking out for help with your penny stock trading.

Zecco is a well established broker that offers a maximum of 10 free trades per month for accounts above $2500. consequent trades are reasonably priced at $4.50 per trade. There is no account minimum requirement to place a bet, no excessive paperwork to fill up and no inactivity fees.

Low Trades is a discount broker with low commissions that starts at $4.95 per trade. However there is a $50 inactivity fee; so you have to trade at least twice a year to avoid this fee. However they do offer real time streaming quotes at a price, and don’t have any minimum account balance requirement.

Sharebuilder is relatively new charging $9.95 per trade. With their automatic investing where trades cost only $4, you have to set schedules to buy penny stocks and everything is done automatically. There are once again no minimums here, or an inactivity fees to be borne.

With so many penny stock brokers available, the one you choose should have a good support system for you. They should also be able to answer all and any questions you ask, and charge a realistic commission.