This recently posted article does a good job of explaining how Discount Brokerages make money. tl;dr - order flow is $$$, but interest is even better. 1- Inte

This recently posted article does a good job of explaining how Discount Brokerages make money. tl;dr - order flow is $$$, but interest is even better. 1- Interest 2- Commissions 3- Asset Management 4- Securities Lending 5- Payment for Order Flow https://news.ycombinator.com/item?id=20276551 https://news.ycombinator.com/item?id=20276551 https://www.kalzumeus.com/2019/6/26/how-brokerages-make-money/ https://www.kalzumeus.com/2019/6/26/how-brokerages-make-mone...