How is it possible to offer commission-free stock trading? And why it is bad for investors

Commission-free trading is not as great as it might sound. In the United States the costs are offset by Payment For Order Flow (when your brokerage sells your order to a market maker, bypassing the stock exchanges), but that's banned in many other countries. Find out how it's possible to offer commission-free trading in countries that allow or ban payment for order flow, and why commission-free trading could ultimately be bad for many investors.

00:00 Intro
00:12 Payment for Order Flow
01:05 History of trading commissions
05:30 The Bid-Ask spread
09:40 Example of market making
11:50 Net Interest Margin
13:35 Currency Conversion Fees
15:35 Is commission-free trading good?
17:14 Investors trading for free taking more risk

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