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Just open an account on some real broker website like DEGIRO that does not engage in to pay for order flow like RobinHood and Trade Republic do. I can still buy
by janmo 6y ago
Just open an account on some real broker website like DEGIRO that does not engage in to pay for order flow like RobinHood and Trade Republic do.
I can still buy GME if I want to there, although I am not doing it.
- adrr 6y agoHow do they make money? And why does it matter who executes your transaction as a retail investor.
- kasey_junk 6y agoNote DEGIRO is a Dutch broker that requires strict residency requirements. They are covered by a regulatory regime that outlaws payment for order flow. You’ll pay a fee for trading through them even if you are engaging in activity that would get you a rebate on the exchange so they are taking their cut in other ways.
- owenversteeg 6y agoDeGiro is an excellent broker, though. They're basically _the_ serious broker in Europe - for wealthy Europeans it's either them or IBKR. Also, exchange rebates are usually very small amounts of the total trade, so for people who the fixed fees matter the most (people with less money in their account) the rebates would be insignificant.
- kasey_junk 6y agoI don’t have a position on degiro other than comparing it to American fee free brokers is apples to oranges both for business and regulatory reasons.