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Schwab also receives payment for order flow (AKA selling your orders): https://www.schwab.com/legal/order-routing-1 https://www.schwab.com/legal/order-routing-1
by argonaut 6y ago
Schwab also receives payment for order flow (AKA selling your orders): https://www.schwab.com/legal/order-routing-1 https://www.schwab.com/legal/order-routing-1. In fact, every retail brokerage I'm aware of receives payment for order flow. Schwab also has outages although not as bad as Robinhood was this year.
- d33lio 6y agoSure, but they don't promote buying crypto as an "investment". Tbh, I don't really have the patience to argue over this.
- renewiltord 6y agoThen don't, because clearly you made incorrect claims to start with.
- vel0city 6y ago> An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth. https://www.investopedia.com/terms/i/investment.asp https://www.investopedia.com/terms/i/investment.asp Buying Beanie Babies or tulip bulb futures or cryptocurrencies because you expect the value to increase over time is absolutely an "investment". They might be good or bad ideas to invest in, but they're without a doubt an investment.
- ummonk 6y agoIs Interactive Brokers not considered a retail broker?
- argonaut 6y agoIBKR has two tiers. Their free "lite" tier (targeted at retail) receives payment for order flow. Their Pro tier (which charges a monthly fee) does not.