Get paid for your trades
We’re not kidding about this. All the other brokers act as if they’re doing you a favor by letting you trade for free. Want to know a not-so-secret secret? The more you trade with them, the more money they make. Period. They profit from the market makers, payment for order flow (PFOF), interest on your cash, sweep accounts, loaning your stocks out – and whatever new and exciting ways they can dream up to make your money make money for them.
Robinhood made nearly $100 million dollars in the first quarter of 2020 alone just off PFOF. In 2019, Charles Schwab made $135 million, eTrade made $188 million and TD Ameritrade made $492 million from it!* Did you see any of that money? We’re about to flip the switch. Now a percentage of the money we make off of your trades is going to come right back where it belongs. In your pocket, not ours. It might not seem like a lot at first. But it’s more than anyone else, and it adds up over time. That’s how “fair” beats “free.” You’re welcome.