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[AdamL (Adam)]

Trade Republic and Payment for Order Flow (PFOF)

This is a long read. There’s a summary at the bottom, but I hope you enjoy the ride as it took most of my Saturday (what else am I supposed to do in lockdown ). You may have seen @adam and @Viktor recently throwing punches at Trade Republic on Twitter for “obfuscating” and "concealing Trade Republic’s “true business model”. Adam Dodds (source) and Viktor Nebehaj (translated) on Twitter (source). [image] [image] The article Adam linked, We’re nothing like Robinhood, says Berlin-based b…

Don’t forget they are using PFOF which will put a few people off.