Leaderboard

There seems to be some confusion in this thread regarding how brokers earn part of their revenue. In addition to commissions all brokers/market makers/clearing firms also receive rebates from the exchanges for order flow. This is Tradier’s model. They have extremely limited overhead as they do not provide their own platform (and therefore eliminate all the costs associated with developing and maintaining one). They are a small shop with low expenses so the order flow rebate is enough to make them profitable. The lack of platform is solved by their API and outside developers. This is the reason Tradier is not available in Canada for @Kim and others, because Canadian regulators do not allow rebate for order flow. With regard to safety of assets, Tradier holds nothing. They are simply an Introducing Broker to Apex who is the custodian. Therefore, in addition to SIPC protection one should look at the stability of Apex which is very solid.