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Best Brokerage Account 2021 — Which $0 Commission Brokerage Should You Use?
Markus is a self-made multi-millionaire who was born in Germany. He came to the US in 2002 with $30,000 in his pocket and a dream to become a successful trader.
Over the past 20 years, he traded and invested his way to success in the stock and real estate market, making millions of dollars in the process.
Markus has written three best-selling books about trading and investing that have been translated into multiple languages. His youtube channel with over 4 million views is dedicated to his favorite topic — which is trading stocks and options.
Markus has connected with over 300,000 traders in more than 200 countries across the globe.
He lives in Austin, TX where he enjoys spending time on the lake watching his kids racing their sailboats.
Let’s talk about the best brokerage account, and in order to do this, I want to compare five different brokers for you. I’ll be comparing tastyworks, the current broker that I’m currently trading with, Robinhood because many traders are using it, TD Ameritrade because it’s wildly popular, Interactive Brokers because it’s great for international traders, and we will talk about a new broker that I’ve been using for the past couple of months, so I have an account with them.
I want to talk about this and compare them to the others and tell you why I really like this new broker and why I’m in the process of switching over all my accounts.
The first thing to keep in mind when you’re comparing different brokers, you have to pick criteria that fit your needs. These are my criteria and they might be great for you, or your criteria may be different. So what I’m looking for when finding the best broker.
My Criteria For Selecting A Broker
So the first thing that I would like to know is how much do I have to pay in commissions per month? I use a certain baseline for this. With my current broker, tastyworks, I looked back over the past three months and I wanted to see how much I spent. From 1/1 through 3/31 I made 150 trades and traded 1,665 contracts.
