How does TD Ameritrade make money without commission?
How does TD Ameritrade make money? Like other brokers that don’t charge commissions for stock or ETF trades, TD Ameritrade makes money from products that do carry a fee. The company charges a fee for futures and forex trades, its robo-advisor and financial advisory offerings and broker-assisted trades.
Can a broker charge zero brokerage?
Also known as Zero Brokerage Unlimited Plans, these plans offer an infinite number of trades by volume or size in a month. The broker doesn’t charge per trade or volume-based commission in this plan.
How do Robinhood and other zero commission brokers generate revenue?
Robinhood Securities generates income on uninvested brokerage cash that isn’t swept to the brokerage cash sweep network of program banks, primarily by depositing this cash in interest-bearing bank accounts. Cash Management is no longer accepting new customers at this time.