You need to read what a rebate is. You can also have positive commissions with IB (get paid to put on a trade).
Thanks! "Rebate trading" in the article did get my attention, I looked around, but some article suggests that it's no longer relevant. IB seems to require a huge volume to reward rebates.
It is a tough way to make a living unless your are an automated equity market maker doing large volume. The last time I meet manual traders making money doing this was back during the financial crisis when Citibank was a low priced stock trading a few billion shares a day. There were hundreds of traders trying to make a penny and keep the rebates.
Many thanks for the info, then I would stop searching the treasure without regrets. lol A billion shares? I read it as "million" the first time and thought it was insane. As a day trader I can only trade 2000 shares at the moment.
Indeed, I haven't seen positive commissions myself lately but a year or more ago I did. The variations are big though depending on the ECN and whether you're taking or providing liquidity - anything from 0.05 to 2.50 for 200 shares.
Apples and oranges. There is no free lunch. I would suggest you should research payment for order flow, financing costs and understand all true costs before making the switch.
From https://en.wikipedia.org/wiki/Robinhood_Markets " Robinhood is a mobile-first stock brokerage for iPhone,[8] Apple Watch,[9] and Android,[10] allowing customers to buy and sell stocks on U.S. exchanges with zero commissions. As of May 2015, the firm is the only major brokerage to offer $0 trading commissions for U.S. listed stocks as well as $0 account minimums.[11]" Probably, they require phone only, so that we need to provide phone's detail.
Robinhood makes money like the other brokerages (on customer balances, margin interest, and payment for order flow). https://support.robinhood.com/hc/en-us/articles/202853769-How-Robinhood-Makes-Money https://d2ue93q3u507c2.cloudfront.net/assets/robinhood/legal/RHF PFO Disclosure.pdf