[missedthecue]

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.

[benmanns]

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?

[twobitshifter]

That’s not true. Fidelity does not receive pfof.

[benmanns]

Their 606 disclosure does have PFOF https://clearingcustody.fidelity.com/app/proxy/content?liter...

[twobitshifter]

First I’ve heard that. I looked it up and this is for options not equity. https://www.spglobal.com/marketintelligence/en/news-insights...