[header] How to buy penny stocks without a broker [title] Be aware of the benefits of purchasing penny stocks. [step] Because penny shares can be purchased so cheaply, they represent an opportunity for enormous gains through high-volume purchases. [title] Be aware of the downside, too. 
[step] Penny stocks are not very liquid, meaning there may not be much demand for them, and as a stockholder, you could have trouble finding a buyer, should you want to sell your shares. In addition, the issuers of cheap stock may suffer from a weak market position and a fragile financial profile, making them risky investments.