1 min readJun 14, 2020
Yes. Robinhood makes money in a "hidden" way. Per WSJ:
"Robinhood makes money, in part, by sending customer orders to high-frequency traders in exchange for cash. It’s a controversial but legal practice in the brokerage industry called payment for order flow.
When you buy or sell shares on Robinhood, the app is likely executing your trade at a slightly worse price than another broker would, market veterans say."