Comment on Robinhood CEO defends payment for order flow, says practice is ‘here to stay’
Cheesus@lemmy.world 6 months ago
I mean what do you expect from a brokerage that charges nothing for trades? It’s not like they’re a giant brokerage who can make up no cost trades with financial advisory fees
bobs_monkey@lemm.ee 6 months ago
The article says that most of RH’s revenue comes from interest generated on client’s cash balances, and about 5% is from routing.