Why You Should Trust Us
Investopedia has been helping readers find the best tools and platforms for managing their finances since 1999. Investopedia’s team of editors and research analysts evaluated 21 online brokerages and trading platforms based on 29 criteria that are critical to helping penny stock traders be successful. We used this data to review each platform for costs, trading technology, account amenities, and other key features to provide unbiased, comprehensive reviews to ensure our readers make the right decision for their investing needs.
Our research and ratings are entirely independent, with no influence from advertising partnerships, and our full-time team of expert writers and editors aims to be unbiased to ensure you’re getting the best recommendations when looking for an online futures trading platform. Investopedia’s staff editors, research analysts, and compliance managers work hard every business day to keep this article up-to-date and accurate by monitoring product changes on online brokerage websites and making changes to our content as needed.
How We Chose the Best Penny Stock Trading Apps
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of penny stock trading platforms. Our ratings of the best penny stock trading platforms are based on our own proprietary research of four categories and 29 criteria that are critical to readers choosing the right platform for trading penny stocks.
The following category weights were used to rate each platform:
- Cost: 30.50%
- Features: 32.00%
- Customer Experience: 26.50%
- Trading Technology: 11.00%
We used this data to develop a comprehensive rubric for evaluating 21 online brokerage and trading platforms based on their research amenities, portfolio tracking features, fees and commissions, and other features to help our readers choose the right penny stock trading platform. For each company, Investopedia’s team of researchers and full-time editorial staff analyzed data obtained directly from company websites and representatives. Our data collection process ran from Jan. 14 to Jan. 22, 2025.
