Tag: securities lending

How Do No Fee Brokers Make Money? PFOF, Spreads, Cash Interest, and Real Estate Models (2025 Guide)
Real Estate Insights
By Kieran Langley
12 Sep, 2025

How Do No Fee Brokers Make Money? PFOF, Spreads, Cash Interest, and Real Estate Models (2025 Guide)

Free brokers aren’t free. Learn how they earn from spreads, order flow, cash interest, securities lending, FX fees, and real estate ‘no-fee’ setups in 2025.

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