: Requires a standard brokerage account; Youth or Cash Management accounts are ineligible for penny stock trading. Charles Schwab

: Provides access to both major exchanges and select OTC markets. Penny Stock Trading - The Full Guide 2026 - LiteFinance

: Uses a tiered per-share model (starting at $0.0035/share) which can be cheaper for large, frequent trades. Webull

Buying penny stocks—typically defined as shares trading for less than $5—requires a brokerage account that supports both major exchanges (NYSE, Nasdaq) and markets. Top Online Brokers for Penny Stocks (2026) Fidelity

: Standard OTC commission is $6.95, which drops to $4.95 for active traders (30+ trades/quarter). Interactive Brokers (IBKR)

: Features $0 commissions on many penny stocks and a community-driven interface.