Scottrade
Scottrade is on a mission to provide the highest quality in customer service. Even though they are lacking in the more advanced features seen in other online brokerages, they provide the responsiveness that clients crave from their online trade providers.
You won't find the great number of resources that some traders have come to expect, but Scottrade surpasses other trading platforms with its 500 local offices and exceptional customer service.
Costs and Fees: You'll appreciate this broker's affordable $7 charge for market and limit orders. Scottrade is free of quarterly and annual fees which mean if you become inactive at times, you won't have to pay for it.
Penny stock investors should be aware that in addition to the $7 they must also pay 0.5% of the full principal. For example, for every $500 spent, Scottrade charges $2.50 to be added to the $7 commission bringing the total commission to $9.50.
Scottrade's contact phone: 1-800-619-7283, Web address: www.scottrade.com