Many traders have taken charge of at least a portion of their investment portfolio and buy stocks online. And buying stocks online has become second nature to most active traders. Popular online brokers among penny stock traders include E*TRADE Financial® and Zecco.

Restrictions apply on certain penny and pinksheet stocks so it's advisable to check with any broker prior to opening a new account, to insure the company (symbol) you want to trade is not restricted by their brokerage.