And why? Lower fees, commission free, reliable company, better UX, etc.
For those of you who chose Fidelity, did you really try Charles Schwab? I’m using both and I can say that Schwab is way better user experience; Fidelity looks like a 90s product
I use TD
If all you care about is execution speed, head over to Merrill Edge. Unparalleled execution speed. Garbage UI. If you care of the whole picture, Schwab or Fidelity. For a casino experience, Robinhood. Tastyworks if you want to feel like an options day trader. IBKR Pro if you are professional trader who isn't big enough to have your own servers in NJ.
Fidelity >> Etrade > Schwab Fidelity allows fractional shares, good sweep with SPAXX and CMA. Etrade tax lot UI updates upon order. Schwab sucks. Tax lots is glitchy if you edit an order and updates overnight.
Merrill edge because of bofa account.
Avoid Robinhood. No fee true. but they reroute your transaction data to third-parties and take a toll in the execution prices. Don't be a sheep.
That's basically what all brokerages do. I think you are greatly uninformed about how brokerages work. Outside maybe brokerages like Merrill Edge and Morgan Stanley for certain orders, essentially all retail brokerages do this. If you mean PFOF (making money off the order), then almost all brokerages practice it for trading stocks. The exceptions are Vanguard, Fidelity, Merrill Edge, Morgan Stanley, Public. The rest all do PFOF (this includes brokerages like Schwab, E-Trade, etc. as well).
I know you wanna use robinhood. Go ahead, and be one of those losers who value pretty UI over execution speed
But isn’t it a plus because of it being commission free?
If you arent a day trader and you dont care about poor execution, then use robinhood. Only beta male uses robinhood though