On their US trades, it has to be "Payment for Order Flow", assume they are taking a loss on the Australian trades, to encourage more US trades.
But this story seems to indicate that model has a limited life expectancy.
https://www.wsj.com/articles/robinhood-stock-drops-after-sec-chairman-warns-on-payment-for-order-flow-11630361869
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On their US trades, it has to be "Payment for Order Flow",...
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