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No you are not. Your orders are not sent to the best exchange execution possible but to market makers who pay kickbacks to your broker and give you a far worse deal with every single transaction. The cost of poor execution is much higher than a 2 dollar commission (which is what Fidelity shows). It also reduces market transparency.


> Your orders are not sent to the best exchange execution possible

Look up NBBO, that would be illegal. You're getting better execution as a retail trader thanks to PFOF.


I have tried several PFOF and regular brokers. The spreads end execution of PFOF where far worse.




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