Secret Costs: What Zero Commission Trading Platforms Don't Want You To Know

In this video, we reveal the hidden costs commission-free trading platforms charge. If you're interested in online stock trading and want to understand the ins and outs of zero commission trading, you've come to the right place. Our goal is to provide you with valuable insights and information that will empower you to make informed decisions when it comes to your investments. Join us as we shed light on the secrets behind these platforms.

When it comes to online stock trading, the phrase "zero commission" has become a buzzword in recent years. But what does it really mean? We delve into the concept of zero commission trading and explore how it works. Gain a deeper understanding of how platforms like Wealthsimple, Robin Hood and Schwab operate, the costs involved, and how they make money.

💬 What was your main takeaway from this video? Let us know in the comments below. And don't forget to subscribe to Steadyhand here ⤵

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🔹 Video Chapters 🔹
0:00 Introduction
0:53 Bid-Ask Spread
1:47 Payment for Order Flow
2:43 Currency Exchange
3:12 Margin Interest
3:37 Securities Lending
4:40 Gamification
5:45 Tips

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#Steadyhand #stocktrading #freetradingtips #daytrading #daytrader #cryptotrading

[PreetBanerjee]

Very valuable information, not only for investors but also for people in the industry who are interested in learning about the plumbing of brokerages and markets.

[jdavid]

Well done Salman. This is important information for DIY investors.

[Davidsule_]

Nice, but prop firm's that take commission like $3 per lot and have raw spread and another that do not take commission but seem to take it from spread, which do you prefer

[sdandrea]

So Salman, does this mean I can get a better ask price from a full-service Broker where they are not making as much of a profit from the bid-ask spread?

[sdandrea]

You failed to point out that the Brokerage is the Buyer at the bid price. Then the Brokerage turns around and becomes the seller at a new (higher) asking price. When buying and selling stock, you are actually buying and selling with the Brokerage (not another trader directly). This was not communicated.