hi guys...
I am new to stocks .
I use wells trade account for buying and selling stocks.
(this does not allow me to buy stocks below 1$)
I was thinking of investing in penny stocks
any suggestions as to which is the best and practical trade account to use for penny stocks.
any kind of suggestions would really help.
Thanks in advance

My vote would be not to bet on these unless you're willing to lose everything. They're penny stocks for a reason.

I second the advice above. That said, if you're bent on taking the plunge, Schwab doesn't charge extra for penny stocks AFAIK. There could be volume charges though, which are separate.

The OP may want to check out investor clubs. My understanding is that knowledge is shared among members. Also when someone suggest a stock, the person must provide good sound reason for growth of thay stock.

I bought RA when it was 40¢, so a penny stock. Right now it is trading at $1.60 and I wish I had bought a LOT more. We shall see in a year how it is doing.

I made the decision when I bought Rite Aid that if I lost it all "oh well". It was like placing a bet in Vegas... if I won, great! but I did not expect to win. If you go in with that attitude, you'll do ok. If you go in expecting to make a killing, don't bother.

I purchase through Fidelity.

RA was absolutely a great call on your part, but that's a different story IMO. That's a stock that was once highly valued and moved down into penny territory. My assumption was that the OP was talking about stocks that are pink sheets, which consistently trade low and are very susceptible to malicious influence.

I use zecco for the low trading fees. My friend uses Sogo but thats even worse. My friend is part of an online chat group that he pays for that regularly manipulate penny stocks. They pump and dump constantly, you really need to be on your toes and keep those sell-stop limits handy because boy will you need them. A couple of the stocks they manipulated are SPNG, JEDM, XCEL, and many many more. You need to become part of the insiders or you will get nowhere fast. Also with penny stocks, don't ride the pump after the fact. If you see a penny stock that just soared anywhere from 20%-1000%, don't get in. Just write it off. The only penny stock that had a huge consecutive run was SPNG and I was so scared I only dipped in twice before it dumped.