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freetrade.io uses market makers (or reserves the right to anyway): https://freetrade.io/order-execution/ https://freetrade.io/order-execution/ In the US they
by kasey_junk 8y ago
freetrade.io uses market makers (or reserves the right to anyway):
https://freetrade.io/order-execution/ https://freetrade.io/order-execution/
In the US they would be required to disclose how much they are being compensated for that. I don't know if that is a requirement for the UK so have been unable to magic search term my way to their disclosures.
- kasey_junk 8y agoBecause I am curious about such things and had a moment I went and looked it up. In the UK payment for order flow is effectively banned (there are some firms who are trying to say they aren't brokers so it isn't payment for order flow but the FCA has taken a dim view of this practice). https://www.fca.org.uk/publication/thematic-reviews/tr14-13.pdf https://www.fca.org.uk/publication/thematic-reviews/tr14-13.... So for as long as freetrade is UK only I think you can probably assume they aren't receiving payment for order flow.