Ask HN: Can I trust brokers with my stocks?

Re:Ask HN: Can I trust brokers with my stocks? by mortehu on Saturday February 20, 2021 @09:40AM (#26204390)

They don't sell 100% of their order flow, but their firm 606 disclosure says they send significant amounts to Citadel and Virtu.

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Re:Ask HN: Can I trust brokers with my stocks? by jdreaver on Saturday February 20, 2021 @09:55AM (#26204516)

I wonder if that is just limited to IBKR Lite, their commission free platform https://www.interactivebrokers.com/en/index.php?f=45196

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Re:Ask HN: Can I trust brokers with my stocks? by austhrow743 on Saturday February 20, 2021 @09:54AM (#26204493)

Even if they don't receive payment for it, one would certainly hope they're sending their orders to wholesalers and not an exchange. They'd be screwing their customers otherwise.

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Re:Ask HN: Can I trust brokers with my stocks? by mortehu on Saturday February 20, 2021 @11:38AM (#26205426)

There's no point in hoping, because the 606 forms on their website clearly say they send lots of orders to exchanges too.

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Re:Ask HN: Can I trust brokers with my stocks? by tony0x02 on Saturday February 20, 2021 @10:48AM (#26204974)

During one of the interviews, I think he says that payment for order from is like 1-2% of their revenue.

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