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by GaryTang 1783 days ago
Many people would never have exposure to trading in the markets if it weren’t for these apps. It’s a double-edged sword but it’s a net positive to society IMO.
1 comments

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
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?
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/