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IIRC aside from Robinhood Gold, they are mostly profiting from all the waiting you have to do (few business days) when you put the money in or take it out.
by filoleg 9y ago
IIRC aside from Robinhood Gold, they are mostly profiting from all the waiting you have to do (few business days) when you put the money in or take it out.
- perl4ever 9y agoI don't know exactly how they would profit from option trades, but I have heard of something called "payment for order flow" and I believe it is a substantial reason why discount broker commissions are so low these days, let alone free at Robin Hood. I have faith that if a population of traders can be identified that consistently lose money, someone will figure out how to legally exploit that. Paying to attract them is also a good sign someone knows how to exploit them.