I want to get started trading some penny stocks. Are there any websites that let you do it w/o paying a monthly fee or anything?
Thanks for those great answers! Lots of stocks start low then sky rocket.
Scottrade will open an account with as little as $500.00. I would not begin investing in penny stocks until I had more mainstream investments first. Obviously penny stocks are not as regulated and they are not very liquid – plus most of the "pump and dump" scams happen with these stocks. It may appear cool to own 100,000 share of a stock trading at $0.05 but it could be better to own 100 shares at $50.00. Just my opinion.
If you can afford the complete loss of your initial investment..good luck.