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Re:Robinhood S-1 IPO by missedthecue on Thursday July 01, 2021 @08:28PM (#27706606)
I understand that Robinhood sells order flow and that you may get a worse fill because of it, but is the average Robinhood user getting 3 cents of slippage on their order of 1 share of Ford worse than a $10 round trip in order fees from a more premium broker on the same trade?

I think the order flow model is better for most retail traders. Obviously, if you're buying $20k in stock at a time, paying the fees will be better, but that's not your average Robinhood user.

Re:Robinhood S-1 IPO by benmanns on Thursday July 01, 2021 @08:52PM (#27706761)
Everyone sells order flow. It’s: do you want sale of your order flow to be the only fee you pay or do you want to pay commissions on top of that, too?
Re:Robinhood S-1 IPO by twobitshifter on Thursday July 01, 2021 @09:18PM (#27706903)
That’s not true. Fidelity does not receive pfof.
Re:Robinhood S-1 IPO by benmanns on Thursday July 01, 2021 @11:40PM (#27707614)
Re:Robinhood S-1 IPO by twobitshifter on Friday July 02, 2021 @06:12AM (#27709749)
First I’ve heard that. I looked it up and this is for options not equity. https://www.spglobal.com/marketintelligence/en/news-insights...