Robinhood fined USD 1.25 million

traderslair said:
Front running order flow is also done on Limit orders. They only fill your limit order when HFT has a fill elsewhere for cheaper to pay for the commission to RH ($0.52 per trade according to their disclosure documents) and the fee for the HFT frontrunner.

Screwing over customers like it's 1999, just like with the specialists at the NYSE and in the trading pits in the old days, today, the front is now done with HFT.
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I swear they hold my options orders for minutes before filling me even though I hit the bid. Happens more frequently than before. Disgusting. I have an entire thread on that.
 
IAS_LLC said:
They offered "free" trades before anyone else
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They are the first that offered free commissions as an app on the phone, not the first that offered free commissions on stocks.
 
trader99 said:
I swear they hold my options orders for minutes before filling me even though I hit the bid. Happens more frequently than before. Disgusting. I have an entire thread on that.
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minutes??? You need to find another broker.
 
ZBZB said:
So which is the best zero commission broker eg with the fastest fills? Fidelity do no sell order flow, are they faster?
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A broker with DMA like Lightspeed will be cheaper than a free broker that takes money by frontrunning you, either internally or via Wolverine or Citadel, many free brokers also charge you a ticket price per option order, mostly Lightspeed for options will be cheaper.
 
traderslair said:
A broker with DMA like Lightspeed will be cheaper than a free broker that takes money by frontrunning you, either internally or via Wolverine or Citadel, many free brokers also charge you a ticket price per option order, mostly Lightspeed for options will be cheaper.
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I'm biased off course but I would choose a firm like IBKR and use IBKR Pro who do not sell order flow. Check the 606 report on each brokers page showing where flow is directed.
 
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