For Apes By Apes! When the Moon Is The Only Vacation That Matters!

  • PFOF

     akash islam updated 10 months, 3 weeks ago 6 Members · 9 Posts
  • HacksawInvestor

    July 16, 2021 at 7:27 am

    A lot of people claiming that Webull is as bad as robinhood and recommending transferring out of a brokerage that allows the hedgies to take advantage of this. Thoughts?

  • CrayonMuncher

    July 16, 2021 at 10:09 am

    Webull is using the third party Apex Clearing as it’s clearing house. Yes, Webull is using PFOF. Here’s some good info on it as well as the list other investment apps that don’t use PFOF.


    What Is A Clearinghouse?

  • StockinAF

    July 16, 2021 at 11:28 am

    They are all in bed with Citadel.. if you are on PFOF then you most likely are going to be in bed with citadel… Honestly if I was skilled enough I would get a pro account and pay for my trades.. I truly don’t think any ape should give Citadel a dime.. but the problem is I don’t and I in a way am forced to inject cancer in my portfolio… it would be nice to have one platform not work with citadel (apex works with citadel) so we could choose something but we have some work to do… the next project… us apes have a lot of work to do!!

    • CrayonMuncher

      July 16, 2021 at 12:31 pm

      Not all of them are PFOF with Citadel. I’m on Fidelity and they handle their own order flows/processing. Their platform also has the flexibility for you to choose how you want your order routed (to avoid dark pools).

      They also make best attempts for price improvements for your orders and report those to you. I’ve already gotten a few of them.

      They also don’t opt you in by default into a share lending program. You would have to explicitly opt yourself in.

      They are also SIPC members, so they insure a high dollar amount of securities, cash, etc. which will be great for when this thing moons.

      Something worth checking out.

      • This reply was modified 1 year, 2 months ago by  CrayonMuncher.
      • StockinAF

        July 16, 2021 at 1:54 pm

        That is good to know, I feel like I am in too deep with TD I don’t have enough with Webull for it to hurt too bad.. either way. Fidelity still does work with Citadel though… and it’s not me talking bad about any of them… its about how Citadel is so far in deep with everyone… I do like that you can choose how your order is routed and you have to opt into share lending…

        • CrayonMuncher

          July 16, 2021 at 3:34 pm

          It’s ok if you’re already established with your brokers and aren’t making any changes. Do what works for you.

          Because Fidelity doesn’t do PFOF, they aren’t working with Citadel. They actually handle their own orders and send them straight to different exchanges.

          Because they comply with SEC Rule 606, they publish on their website quarterly reports that show their order routing.

          The screenshot from their pdf shows their latest info. They’ve given zero dollars to Citadel. Just wanted to clear up any confusion or misinformation.


  • Anonymous

    Deleted User
    July 17, 2021 at 3:43 pm

    When the buzz hits a fever pitch, listen. This does not apply when people seek money from you or ask you to join a class action or jr ape festival.

  • Davidbillaa

    August 17, 2021 at 1:01 am

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  • akash islam

    November 3, 2021 at 6:10 am

    this is a technology (How To) related website

    Deleting Solutions

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