E*TRADE also topped our list of the best apps for traders looking for an easy-to-use penny stock trading app. Fidelity took the top spot for low-cost penny stock trading, and Charles Schwab is the ...

allowing you to participate more actively in the construction of your portfolio. Consider Benzinga's favorite brokerages and penny stock apps.

We used Insider Monkey’s insider trading stock screener to find penny stocks trading under $5.00 share price with at least two insiders buying shares worth at least $100,000 in the last six months.

Penny stocks are low-priced securities that trade for less than $5 a share. Wondering where to buy them? It's a good question: Not all brokers offer them, and those that do may charge higher fees.