Day trading penny stocks from UK

Nr1991

Sorry if this has been posted before. I am looking for an online broker to day trade International penny stocks. I have looked at Hargreaves Landsdown, they seem pretty good for AIM companies but not a lot for overseas.
I have looked at the popular US ones but most you have to be a US citizen, or pay $200+pm for your account.
Obviously I would like one with low cost on account opening/ transaction fee and little or no fee for currency conversion.

Any info appreciated
Thanks

AnotherJoe

The best place for you to lose your money on this ridiculous scheme would likely be TD Direct as once you've transferred your money from £ to $ you can keep it in $ as you buy and sell $ based stocks.

That way your money will last a few weeks longer before it's all gone.

le_loup

Nr1991 wrote: »

to day trade International penny stocks.

That sounds really interesting. Will you let us know when you have made your first million so that we can all join in?

robber2

Given the wide bid /offer spread often associated with penny stocks any plan to day trade them is way beyond silly coming as it does with the absolute certainty that your money will be gone in no time.

Good luck

Zola.

jimjames

le_loup wrote: »

That sounds really interesting. Will you let us know when you have made your first million so that we can all join in?

How to become a millionaire trading penny shares? Start with £2million....

mollycat

jimjames wrote: »

How to become a millionaire trading penny shares? Start with £2million....

Boom Boom!

I know the old one's are the best, but that joke's got cobwebs on it!

Pincher

I think you need to file some kind of Mergers and Acquisition Notice, if you go over some percentage of ownership. It would be funny if you bought a thousand pounds worth, and you get fined for not filing.

EdGasket

Have a watch of 'Boiler Room' and 'Wolf of Wall Street'; they will give you some sound insights to the world of penny stocks.

caveman38

Beware of Bulletin Boards and rampers.

sorcerer

Pincher wrote: »

I think you need to file some kind of Mergers and Acquisition Notice, if you go over some percentage of ownership. It would be funny if you bought a thousand pounds worth, and you get fined for not filing.

Didn't this happen to some old lady who owned a hotel, her son, bought a small company, ended up owning a large portion of it, then she was forced to buy the rest of the shares from the other shareholders.