 So about a year ago I made a stock broker tier list where I ranked the best stock brokerages in my opinion for investing. Now this video did really well. Most people loved it. Some people didn't like it. There were some comments down in the description below where people sort of argued over what the best brokerages were. But overall I think it was great because it started a conversation and I think we all learned a lot. Then 2020 happened, first the market crash, then it went up like never before. And also the whole Robinhood GameStop situation happened. And if you haven't heard of this, this was basically where a bunch of different brokerages blocked the ability to buy GameStop stock which helped out the billionaire hedge fund managers and hurt the common everyday investor. And because of this many people are now looking at which stock brokers are trustworthy and which ones are full of it. Now on top of that there are other factors to consider like what the fees are, how easy to use they are, how easy it is to integrate it with other types of financial products like your bank account for instance. So there are a lot of different categories to look at here and that's exactly where we're going to be doing in this video. So we're going to be looking at all of the most common stock brokers looking at their strengths and their weaknesses and then I'm going to be ranking them based off of my own personal experience. Now almost all of the apps that I mentioned in this I've either used myself or I have friends that have used them and they've let me kind of like go in and look at their features. And I've also done a ton of research on this video in general. So without further ado sit back relax and let's jump right into it. So the first one on the list is going to be Ally Invest. And Ally is basically a company that is trying to be a full service solution. They've got an online bank account but they're also breaking into the investment world as well. Now they've got a really good savings account along with their checking account. They also have a very large ATM network and I have to say their investment app is very easy to use and user friendly. Overall Ally is really good. I think they're one of the companies that's pretty close to kind of bringing it all together in the full picture. They're still relatively new. So I'm going to go ahead and give them pretty high marks here. I'm going to put them into A tier. A for almost S tier. Next on the list we're going to be talking about Charles Schwab. And this is one of the biggest brokerages in the entire world. On top of that they've got brokerage accounts, checking accounts, credit cards, like pretty much anything you can ask for. Again, they're trying to be that all-in-one solution. Now one thing they did is they started charging zero dollar commissions and they probably ended up losing money here. But it was kind of a long term strategic play because what ended up happening is other company stocks dropped. Other companies tried to copy them and of course their stock price went down. One example of this would be TD Ameritrade which they just bought. Now on top of this Charles Schwab is well known especially if you're an international traveler having one of the best bank accounts. And the reason for this is because they will cover all of your ATM charges pretty much no questions asked. So if you're somebody who travels international all the time Charles Schwab has probably the best bank account you can get. I'm kind of trying to stick with just brokerages here but you do have to keep the whole picture in mind as well. Overall without a doubt Charles Schwab is S tier. S for steps ahead of the competition. Next on the list is going to be Chase Sapphire Banking and this is a really great service but at least last time I checked it's only available for people who have a significant amount of money in Chase's bank account. So you have to have hundreds of thousands of dollars in the bank account and if you have that they will give you access to Chase Sapphire Banking but specifically Chase Sapphire Banking the investment services. Okay so this is only for like your super bougie clients right rich people basically or very close to being rich. So I've heard really good things about it obviously I've never used it myself but this one is going to go into B tier B for bougie. E-Trade is next on the list and this is another company that is going to offer not just the brokerage account but you've got a checking account a savings account that has really good rates unlimited free ATM usage. Pretty good overall just not as good as some of the other ones on the list. I'm going to go ahead and put E-Trade into B tier. B for better luck next time. Next we're going to be talking about Fidelity and this might be maybe really depends on your opinion overall the best one on the entire list. So you know I've done these videos on you know the best credit cards the best bank accounts the best brokerage accounts the best investing apps like I've done all these videos and Fidelity is just constantly all the time they're on the top they just offer really good services. I think they're the closest to combining all of the different services together to just have a one stop shop solution for all of your financial needs and so for that reason Fidelity is definitely going to go into S tier. S for superior next on the list we're going to be talking about interactive brokers now generally speaking people who use this platform are using it for like day trading or swing trading. I'm not personally a big fan of day trading however I did do a challenge that I posted on the channel where I tried day trading for a week and things turned out really well I think I just got lucky it was kind of just like a roll of the dice sort of thing but I checked out interactive brokers and they are excellent for day trading I got to give them props there. So if you are into day trading swing trading that sort of thing interactive brokers is probably the best platform for you to use in my opinion at least from the research that I've done so for that reason I'm going to go ahead and put them into B tier B for but only around 3% of day traders make money and less than 1% of them make more than minimum wage yikes. All right next on the list is going to be light speed another platform that's generally used for day trading again not a big fan this is one of your better options I guess for day trading but you know I'm just not a big fan of it so this is going to go into D tier D for debatable whether you're investing or gambling. Next one on the list is going to be Meryl Edge and this is a company that has been doing really good lately they're kind of in the same boat as Fidelity, Charles Schwab where they're trying to kind of combine everything together in my opinion they're just not quite as good as these other ones so for that reason I'm going to go ahead and put them into A tier but they're kind of on the precipice of being an S tier A for almost as good as the best ones and I realize here guys I'm not really going into too much detail the reason for that is because if I go into too much detail the video is going to be way too long so I'm trying to keep this one short but anyways next on the list is going to be option express and this one is specifically used for penny stock day trading which is basically like the most risky version of day trading so I'm not a big fan of day trading and I'm even less of a fan of penny stocks okay so this one is going to go straight into F tier F for functionality next on the list we're going to be talking about Robinhood now this was the huge controversy of early 2021 where Robinhood decided to stop people from being able to buy GameStop stock which was a decision that ended up hurting normal investors and helping out hedge fund managers so people were very very angry about that now the truth is when you really look at the details it wasn't just Robinhood they took the brunt of the blame but there was a bunch of different companies that did this and second they did have some legitimate reasons for doing this okay but despite that fact people are still really mad at them and I haven't been super happy with some of the moves they've been making in general you know and from what I've seen unless you know an update happens and you know that I didn't see they don't offer retirement accounts they don't offer mutual funds or bonds anything like that and that's just kind of unfortunate I think they should offer some of these long-term investing strategies because that is it's been shown time and time again that people are going to get better returns if they invest long term but you got to give it to Robinhood they were kind of the OGs they started the zero fee or very close to zero fee trading that made it possible for average everyday investors to get started investing at a much younger age and so overall I think Robinhood is a net positive there are some negatives there like the way that they make money is a little bit sketchy if you look into it but overall it is a net positive I'm going to go ahead and put Robinhood into B tier B for used to be best friends with Robinhood but now my best friend is Weebol next on the list is going to be SoFi and they are a company that is known for dealing with loans so they will help you to consolidate and refinance your loans specifically student loans and that's what they're most known for but they are trying to break into other parts of the finance world they are somewhat limited at this point and what they offer but it's pretty much like zero dollar fees the commissions are low I think they're doing a great job trying to break into finance it's just that they haven't been around for long enough for me to give them such a good score so overall I'm going to go ahead and put SoFi into A tier A for a challenger for S tier if they continue improving their product all right next on the list is going to be TD Ameritrade and they were just acquired by Charles Schwab and so it's really not even worth talking about them they were really good for a long time one thing that they had going for them is they had a lot of physical locations where you can go in and actually talk to a live person which some of these investing apps don't really offer so I'm going to go ahead and put this one into A tier which A stands for all around a good while they last it next on the list is going to be trade station and this is another one that is all about day trading so we're talking about active trading however in my opinion it is one of the best if you are going to day trade not quite as good as interactive brokers in my opinion but it is one of the best ones if you don't like interactive brokers this is probably the one that you want to use so I'm going to go ahead and put it into C tier C for confused about what they're doing because they offer so many different services and it doesn't really make sense all right so next on the list is going to be Vanguard and Vanguard is probably the most trusted company on this entire list if you ask me and the reason for that is because they are basically the OGs of the index fund and in my opinion index fund investing is probably the best type of investing that you can do at least if you're somebody who has like a like a medium level risk tolerance so when it comes to Fidelity, Charles Schwab and Vanguard it really just comes down to your own preference but if what you care about the most is kind of reputation and trust I would say that you should probably go with Vanguard so it's not quite as good when it comes to technology and you know the app interface and the online interface it's just not as good but overall when it comes to trust they are number one so that's why they're going to go into S tier S for straight up the most trusted brokerage all right so next on the list is Webull and the reason that Webull was able to burst onto the scene in the last few years is because they basically saw all of the weaknesses of Robinhood that Robinhood wasn't fixing and they basically filled in all of those gaps so in my opinion Webull is just a slightly better version of Robinhood so in my opinion Webull is more for beginners just like Robinhood it's slightly more difficult to use than Robinhood just like I don't know five percent more difficult to use however it has a lot more functionality there's just so much more that you can do with it it has a super nice interface it's just very ergonomic easy to go around I love using Webull anytime that I do some kind of challenge like when I did my day trading challenge for instance I used Webull for it and on top of that they offer probably the best promotion in all of the finance world where you can get up to four free stocks I think at this time it's valued up to $1800 something ridiculous like that just for starting an account and putting $100 into it and you can see that down in the description below I have a link to that doesn't get much better than that I mean that's like four free stocks you could end up getting up to $1800 just for signing up this one is going to go into S tier S for especially good for beginners next on the list is going to be you invest by JP Morgan this is one that didn't make it on the last year's list people commented about it and so I looked into it now this one is relatively new it's not really fully fleshed out or anything like that they don't offer all of the functionality that some of the other brokerages do now this can be a good or a bad thing depending on what you're looking for so if you're looking for something that's just super basic and super simple kind of like for a beginner this could be a good one for you so overall this is one to keep your eye on I'm going to be keeping my eye on it but I'm going to go ahead and put this one into B tier B for baby brokerage that could be really good in the future all right so next on the list is going to be zax trade and this is one that again kind of caters towards day trading and like penny stock trading that sort of thing some argue that this is actually the best day trading platform they swear by it the commissions are going to be a little bit higher than some of the other platforms you also I think you have to have at least $2,500 to start trading on here which is again a little bit higher than some of the other platforms so if you're into day trading and you know the other two that I mentioned interactive brokers and trade station you're not into them you should definitely give zax trade a look I'm going to go ahead and put this one into C tier C for commissions are too damn high another comment that I was getting on my video that I did last year was I didn't offer any option for some of my viewers who are from Canada Australia Great Britain etc so I did some research on these obviously I haven't used these but some of my friends that I know online have used them and I did quite a bit of research and I you know I haven't used them so I don't really want to recommend them but I just want to mention a few that you can look into yourself and so some of these would be Europe eToro DeGiro Revolute Canada quest trade wealth simple trade United Kingdom trading 212 heard great things about that one free trade great name Australia stake and self wealth okay so look into those if you are one of my international viewers and you know always verify make sure you look into it see if it's really good if you haven't done it already go ahead and gently tap that like button hit the subscribe button ring the notification bell comment down below any thoughts comments criticisms especially if you use some of these I really want to hear your feedback on these different apps and brokerages and if you haven't done it already check out my other videos right here I made them just for you