How brokers work, how they make money, and the accounts you can use.

The UK's self-invested personal pension: how a SIPP works, the tax relief that boosts contributions, why the money is locked until a minimum age, how withdrawals are taxed, and how it compares with an ISA.

A balanced explanation of payment for order flow: how it funds commission-free trading, why market makers pay for retail orders, the conflict of interest it creates, price improvement and the NBBO, and what it means for you.
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