Some of the most popular brokers for trading small cap penny stocks ranging from .0001 to $5.00 include Scottrade, Sharebuilder, E*Trade, OptionsXpress, SureTrader, and Charles Schwab.

 Several penny stock traders have had to change to self clearing brokers over the past year so that they don't incur outrageous fees or limit trading abilities.

This happens for a few reasons.

The stock could be Non-DTC eligible, which you can read more about
HERE, or it's possible the stock had no prior trading volume and the broker has locked the ability to trade the stock until it gains liquidity (preventing you from potentially getting in our biggest picks first!).

We do our best to bring our subscribers companies that are most transparent through SEC filings and those that have gained DTC-Eligibility.