Penntrade reviews, customer complaints, rating, brokerage pros and cons. Is Penntrade good and safe broker?

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Penntrade Customer Reviews


Pros: Tried to reach a broker.......I couldn't called 3 x's


I had to make an OTC trade to get the money to buy another stock on the TSX but they did not answer the phone. All I got was an answering machine. PENNTRADE DOES NOT ALLOW YOU TO MAKE OTC TRADES ONLINE UNLESS YOU CALL. They have a problem with their system so who suffers.. WE DO I LOST 900 CAD BECAUSE OF THEM.

by Roger D. Hunt, 3/21/2014

Pros: Excellent customer service.

Cons: Can't send money to them through the banking accounts.

Good team that works for me.


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About PennTrade

PennTrade has offered retail traders and investors a fast, simple and secure online trading experience since 1999. PennTrade is the online trading division of Pennaluna & Company. Originally founded in 1926, Pennaluna is one of the oldest independently owned stock brokerages in the United States.

Stocks: $16.95 (U.S.), $26.95 (Canadian). Every 10th trade is free. Minimum to open: $500.

PennTrade is now the online trading division of Paulson Investment Company, LLC. Founded in 1970 in Portland, Oregon, Paulson Investment Company earned national distinction as a premier boutique investment bank in the small to mid-cap market, leading 175 public and private offerings and raising over $1.2 billion in financing.

At PennTrade we pride ourselves on being able to offer good old-fashioned customer service to clients across the United States and around the world.

PennTrade has a team of dedicated employees with many years of experience in brokerage operations and technology development that ensures we deliver the best possible online trading and investing experience.

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