Frequently Asked Questions

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By definition, the Securities and Exchange Commission (SECconsiders a penny stock to be a stock under 5.00 per share. These penny stocks are typically small speculative companies that are Micro-Caps (50-300 million market cap) and Nano-Caps (under 50 million market cap). 

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No, we typically do not even trade penny stocks over $1.00. We created PennyStocks.ly for traders seeking opportunities in penny stocks under $1.00 and even sub-penny stocks under one penny. I.E. 0.001  

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YES, we trade sub-penny stocks. These are commonly known as OTC or Over The Counter Stocks that are not traded on the big exchanges like Nasdaq . 

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You can start trading with as little as $500.00 but it is recommended to save up at least $1,000. Many brokers do not have a set amount and you can setup an account with 0 funds and start getting comfortable with the trading platform. You can even paper trade with no risk.In the US, we recommend started a TD Ameritrade account and downloading their Think or Swim Platform. You can trade all penny stocks there. 

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No, typically Penny Stocks are not known to be good investments.

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We like TD Ameritrade and their Think or Swim Platform 

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We typically like to trade the strongest moving stocks priced from .001 to $1.00 and under each day. It may rotate from a biotech one day to cryptocurrency the next day. Sectors get hot at different times of the year and we have scanners alerting us to which one is heating up each day.
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You can lose your entire account plus more when trading.
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No, most small cap stock and penny stocks are volatile and considered risky