Modern-day Robinhoods, the ones that contribute to rising inequality

Re:Modern-day Robinhoods, the ones that contribute to rising... by Hedgemaster on Sunday August 01, 2021 @05:15PM (#28030064)

Hi Gary, I agree with your point. Thanks to Robinhood other brokerages were forced to drop their commissions. My point is that situation could be improved.. moreover, in many countries the PFOF practice is banned

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Re:Modern-day Robinhoods, the ones that contribute to rising... by GaryTang on Sunday August 01, 2021 @05:20PM (#28030103)

Thanks for your response. I’m mostly reacting to the headline but appreciate you bringing awareness to PFOF. Are there any PFOF-free options you would recommend?

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Re:Modern-day Robinhoods, the ones that contribute to rising... by Hedgemaster on Sunday August 01, 2021 @05:29PM (#28030181)

If you consider trading stocks only (no options) then right now your best shot would be Fidelity:

https://www.fidelity.com/

Interactive Brokers may allow to opt out of PFOF (both stocks and options) but only if you are a high net worth individual with like +1M in assets:

https://www.interactivebrokers.com/en/home.php

There is a mobile app that that would allow trading PFOF-free (both stock and options) but still in a pre-launch waiting list stage:

https://www.trystrikes.com/

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