i can not speak for international . But all US orders in NYSE and NASDAQ regardless of order type are NO commission
What? I don't think Robinhood has this type of restriction. @Tradezero_Randy, what happens when my order was a penny below when I sent it but became a match one when it arrived to you? Do you have an option to cancel it back or slide it?
We have no restrictions on size of orders . and you control your orders if you want to cancel and move up or down its all fine . If your order doesnt execute right away like i said you can cancel or leave it out or move the price
Again there is no share size restriction to trade for no commision , regardless of order size https://tradezero.us/freetrades
Can you elaborate on the revenue structure so I know what's in it for the firm and how will that affect the users
Once you get above $5,000,000 in equity the Schwab, Vanguard, and others will go to zero commissions. There are a ton of conditions and limits on frequency, but once you get to that level everything becomes negotiable. I think Vanguard goes to $2 a trade after the first 100 a month. You still pay the clearing and exchange fees. Above $10,000,000 they get really interested and will pretty much negotiate anything. Generally no upcharge for phone orders.
I can see that Vanguard goes to USD 2 if you have more than USD 500.000 invested in their ETFs/money market funds. I wouldn’t expect Vanguard to sell order flow. Does anyone know whether Vanguard sells order flow?