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Why is it important? When you buy groceries, do you ask them what their margin is? PFOF is not the only way to make money on the orders.

I'm not familiar with Gateway, but why can't they allow Lite accounts trade via Gateway? Should not require any development for them and they would hit a few birds with one stone. If Robin Hood creates a decent API ...

As hard as proving their current execution any better.

I guess I will wait for Robinhood to provide the API then. That plus their free options would be a killer combo.

I'm hoping we would be able to use IB Gateway instead of TWS maybe.

Wow, that's nice. Free data too. I wander how this affects API users.

The topic was trading news, not trading PA. Maybe you meant fx brokers don't like consistently profitable traders? Hopefully you will get the answer, but I no longer understand the question.

What do you mean by news? The only news you can make money manually is some sort of insider info that is not publicaly available. Anything else is HFT territory.

Price!? As published by what authority? My understanding is that this was always over-the-phone kind of market and I assume it's still mostly is. I don't really understand how people trade it, but I don't understand lots of things.

https://www.forexfactory.com/showthread.php?t=692854

I always assumed that *real* STP brokers display quotes provided to them by liquidity providers (perhaps with some agreement on avg spread) and, since they don't take the other side of the trade, should not at risk of any mis-pricings. Maybe if you get a chance you can shine some light on this.

I agree with what you are saying. What about the STP Brokers though? They should not care.

He is obviously doing some sort of arbitrage which picks off brokers. Ones they detect the activity, they will close him out.

Brokers usually list available routes and fees on website. Removing liquidity implies urgency. Reducing fees means you may not get filled or will be filled at worse price. Reducing fees should be at the end of your concerns list, imho.

Isn't there a CME portal that let's you do all this? Unless you trade other exchanges.

@GRULSTMRNN, I don't like your analogy. You are getting so dark lately. Someone here posted below once and I like that much better.

Because they are bucket shops? Same for CFDs.

Is it fair comparing trading personal money vs prop money? I was talking to a prop trader recently and asked him what would happen if he hit a large draw down that would take him a year of normal trading to get out of. He said he would have probably left to join another firm. Not trying to...

Well that is the question. I don't think so, but "average" CPA can higher "expert" help when lots of money is at stake.

@destriero, I haven't read the book in which you were featured. I assume you don't spell out your methods there. Or maybe it's a prerequisite to following your posts? I will take answer from anyone who read it. Thanks.