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Interactive Brokers vs Tradier 2022

StockBrokers.com

Written by StockBrokers.com

November 02, 2022

Is Interactive Brokers better than Tradier? After testing 15 of the best online brokers over six months, E*TRADE (92.52%) is better than Interactive Brokers (89.29%). Founded in 1982 as one of the first online brokerages in the United States, E*TRADE highlights include $0 trades, two excellent mobile apps and the Power E*TRADE platform, which is great for beginners, active trading and options trading.

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Overall RatingInteractive BrokersTradierE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars3.5 Stars5 Stars
Platforms & Tools4.5 Stars3 Stars4.5 Stars
Mobile Trading Apps4.5 Stars4 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Customer Service3 Stars3.5 Stars4.5 Stars
Education4.5 Stars3 Stars4.5 Stars
Ease Of Use4 Stars4.5 Stars5 Stars
Winnercheck_circle
ReviewInteractive Brokers ReviewTradier ReviewE*TRADE Review
Trading FeesInteractive BrokersTradierE*TRADE
Minimum Deposit$0.00$0.00$0.00
Stock Trades$0.00$0.00$0.00
Penny Stock Fees (OTCCB)$0.00N/A$6.95
Mutual Fund Trade Fee$14.95$30$19.99
Options (Base Fee)$0.00$0.00$0.00
Options (Per Contract)$0.65$0.00$0.65
Futures (Per Contract)$0.85$0.00$1.50
Broker Assisted Trade Fee$3010$25
Margin RatesInteractive BrokersTradierE*TRADE
Margin Rate Under $24,999.994.58%8.00%11.95%
Margin Rate $25,000.00 to $49,999.994.58%8.00%11.45%
Margin Rate $50,000.00 to $99,999.994.58%8.00%10.95%
Margin Rate $100,000.00 to $249,999.994.08%8.00%10.45%
Margin Rate $250,000.00 to $499,999.994.08%8.00%9.95%
Margin Rate $500,000.00 to $999,999.994.08%8.00%9.45%
Margin Rate Above $1,000,000.003.83%8.00%8.45%
Account FeesInteractive BrokersTradierE*TRADE
IRA Annual Fee$0.00$30.00$0.00
IRA Closure Fee$0.00$60.00$0.00
Account Transfer Out (Partial)$0.00$75.00$25.00
Account Transfer Out (Full)$0.00$75.00$75.00
Options Exercise Fee$0.00$9.00$0.00
Options Assignment Fee$0.00$9.00$0.00
Investment OptionsInteractive BrokersTradierE*TRADE
Stock TradingYesYesYes
Margin TradingYesYesYes
Fractional SharesYesNoNo
OTCBB / Pink SheetsYesNoYes
Options TradingYesYesYes
Complex Options Max Legs644
Futures TradingYesNoYes
Forex TradingNoNoNo
Crypto TradingYesNoNo
Crypto Trading - Total Coins400
Mutual Funds (No Load)1088206486
Mutual Funds (Total)1116007242
Bonds (US Treasury)YesNoYes
Bonds (Corporate)YesNoYes
Bonds (Municipal)YesNoYes
Advisor ServicesNoNoYes
International Countries (Stocks)3300
Order TypesInteractive BrokersTradierE*TRADE
Order Type - MarketYesYesYes
Order Type - LimitYesYesYes
Order Type - After HoursYesYesYes
Order Type - StopYesYesYes
Order Type - Trailing StopYesNoYes
Order Type - OCOYesYesYes
Order Type - OTOYesYesYes
Order Type - Broker AssistedYesYesYes
BeginnersInteractive BrokersTradierE*TRADE
Education (Stocks)YesNoYes
Education (ETFs)YesNoYes
Education (Options)YesNoYes
Education (Mutual Funds)NoNoYes
Education (Bonds)YesNoYes
Education (Retirement)YesNoYes
Retirement CalculatorNoNoYes
Investor DictionaryYesNoYes
Paper TradingYesYesYes
VideosYesNoYes
WebinarsYesNoYes
Webinars (Archived)YesNoYes
Progress TrackingYesNoNo
Interactive Learning - QuizzesYesNoYes
Stock Trading AppsInteractive BrokersTradierE*TRADE
iPhone AppYesYesYes
Android AppYesYesYes
Apple Watch AppYesNoYes
Trading - StocksYesYesYes
Trading - After-HoursYesYesYes
Trading - Simple OptionsYesYesYes
Trading - Complex OptionsYesYesYes
Order Ticket RT QuotesYesYesYes
Order Ticket SRT QuotesYesNoYes
Stock App FeaturesInteractive BrokersTradierE*TRADE
Market Movers (Top Gainers)YesYesYes
Stream Live TVYesNoYes
Videos on DemandYesNoNo
Stock AlertsYesNoYes
Option Chains ViewableYesYesYes
Watch List (Real-time)YesYesYes
Watch List (Streaming)YesYesYes
Watch Lists - Create & ManageYesYesYes
Watch Lists - Column CustomizationYesNoYes
Watch Lists - Total Fields6401595
Stock App ChartingInteractive BrokersTradierE*TRADE
Charting - After-HoursYesNoYes
Charting - Can Turn HorizontallyYesNoYes
Charting - Multiple Time FramesYesYesYes
Charting - Technical Studies97010
Charting - Study CustomizationsYesNoYes
Charting - Stock ComparisonsNoNoYes
Trading PlatformsInteractive BrokersTradierE*TRADE
Active Trading PlatformTrader Workstation (TWS)TradeHawkPower E*TRADE
Desktop Trading PlatformYesYesNo
Desktop Platform (Mac)YesYesNo
Web Trading PlatformYesYesYes
Paper TradingYesYesYes
Trade JournalYesNoNo
Watch Lists - Total Fields6401595
Stock Chart FeaturesInteractive BrokersTradierE*TRADE
Charting - Adjust Trades on ChartYesNoYes
Charting - Indicators / Studies12195119
Charting - Drawing Tools85031
Charting - NotesYesYesYes
Charting - Index OverlaysYesNoYes
Charting - Historical TradesYesYesYes
Charting - Corporate EventsYesNoYes
Charting - Custom Date RangeYesNoYes
Charting - Custom Time BarsYesNoNo
Charting - Automated AnalysisYesNoYes
Charting - Save ProfilesYesNoYes
Trade Ideas - Technical AnalysisYesNoYes
Charting - Study Customizations576
Charting - Custom StudiesNoNoNo
Day TradingInteractive BrokersTradierE*TRADE
Streaming Time & SalesYesNoYes
Streaming TVYesNoYes
Direct Market Routing - StocksYesNoYes
Ladder TradingYesNoNo
Trade Hot KeysYesNoYes
Level 2 Quotes - StocksYesNoYes
Trade Ideas - BacktestingYesNoNo
Trade Ideas - Backtesting AdvYesNoNo
Short LocatorYesNoNo
Order Liquidity RebatesYesNoNo
Research OverviewInteractive BrokersTradierE*TRADE
Research - StocksYesYesYes
Research - ETFsYesYesYes
Research - Mutual FundsYesNoYes
Research - Pink Sheets / OTCBBYesNoYes
Research - BondsYesNoYes
Screener - StocksYesNoYes
Screener - ETFsYesNoYes
Screener - Mutual FundsYesNoYes
Screener - BondsYesNoYes
Misc - Portfolio AllocationYesNoYes
Stock ResearchInteractive BrokersTradierE*TRADE
Stock Research - PDF Reports706
Stock Research - EarningsYesNoYes
Stock Research - InsidersYesNoYes
Stock Research - SocialYesNoYes
Stock Research - NewsYesNoYes
Stock Research - ESGYesNoNo
Stock Research - SEC FilingsYesNoYes
ETF ResearchInteractive BrokersTradierE*TRADE
ETFs - Strategy OverviewYesNoYes
ETF Fund Facts - Inception DateYesNoYes
ETF Fund Facts - Expense RatioYesNoYes
ETF Fund Facts - Net AssetsYesNoYes
ETF Fund Facts - Total HoldingsYesNoYes
ETFs - Top 10 HoldingsYesNoYes
ETFs - Sector ExposureYesNoYes
ETFs - Risk AnalysisYesNoYes
ETFs - RatingsYesNoYes
ETFs - Morningstar StyleMapYesNoYes
ETFs - PDF ReportsYesNoYes
Mutual Fund ResearchInteractive BrokersTradierE*TRADE
Mutual Funds - Strategy OverviewYesNoYes
Mutual Funds - Performance ChartYesNoNo
Mutual Funds - Performance AnalysisYesNoYes
Mutual Funds - ProspectusYesNoYes
Mutual Funds - 3rd Party RatingsYesNoYes
Mutual Funds - Fees BreakdownYesNoYes
Mutual Funds - Top 10 HoldingsYesNoYes
Mutual Funds - Asset AllocationYesNoYes
Mutual Funds - Sector AllocationYesNoYes
Mutual Funds - Country AllocationYesNoYes
Mutual Funds - StyleMapYesNoYes
Options TradingInteractive BrokersTradierE*TRADE
Option Chains - Basic ViewYesYesYes
Option Chains - Strategy ViewYesNoYes
Option Chains - StreamingYesYesYes
Option Chains - Total Columns44831
Option Chains - Greeks1215
Option Chains - Quick AnalysisYesYesYes
Option Analysis - P&L ChartsYesNoYes
Option Probability AnalysisYesNoYes
Option Probability Analysis AdvYesNoYes
Option Positions - GreeksYesNoYes
Option Positions - Greeks StreamingYesNoYes
Option Positions - Adv AnalysisYesNoYes
Option Positions - RollingYesNoYes
Option Positions - GroupingYesNoYes
BankingInteractive BrokersTradierE*TRADE
Bank (Member FDIC)NoNoYes
Checking AccountsNoNoYes
Savings AccountsNoNoYes
Credit CardsNoNoYes
Debit CardsYesNoYes
Mortgage LoansNoNoYes
Customer ServiceInteractive BrokersTradierE*TRADE
Phone Support (Prospect Customers)YesYesYes
Phone Support (Current Customers)YesYesYes
Email SupportYesYesYes
Live Chat (Prospect Customers)NoNoNo
Live Chat (Current Customers)YesNoYes
24/7 SupportNoNoYes
OverallInteractive BrokersTradierE*TRADE
Overall4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars4.5 Stars
Investment Options5 Stars3.5 Stars5 Stars
Platforms & Tools4.5 Stars3 Stars4.5 Stars
Mobile Trading Apps4.5 Stars4 Stars5 Stars
Research5 Stars2.5 Stars4.5 Stars
Education4.5 Stars3 Stars4.5 Stars
Ease Of Use4 Stars4.5 Stars5 Stars
Winnercheck_circle
ReviewInteractive Brokers ReviewTradier ReviewE*TRADE Review
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Interactive Brokers vs Tradier Comparison

Comparing brokers side by side is no easy task. For our 2022 annual broker review, we spent hundreds of hours assessing 15 brokerages to find the best online broker. Let's compare Interactive Brokers vs Tradier.

Is Interactive Brokers or Tradier better for beginners?

E*TRADE offers more comprehensive new investor education for beginner investors than Interactive Brokers. Interactive Brokers offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Bonds) and Education (Retirement), while Tradier offers investors access to Paper Trading, neither have Education (Mutual Funds).

What about Interactive Brokers vs Tradier pricing?

Interactive Brokers and Tradier charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Interactive Brokers, costing $0.65 per contract versus $0.00 per contract at Tradier. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Interactive Brokers or Tradier offer a wider range of investment options?

Interactive Brokers offers investors access to Stock Trading, Fractional Shares, Options Trading, OTCBB / Pink Sheets, Mutual Funds and Futures Trading, while Tradier offers investors access to Stock Trading, Options Trading and Mutual Funds, neither have Forex Trading and Advisor Services. Looking at Mutual Funds, Tradier trails Interactive Brokers in its offering of no transaction fee (NTF) mutual funds, with Interactive Brokers offering 4329 and Tradier offering 0.

Which trading platform is better: Interactive Brokers or Tradier?

To compare the trading platforms of Interactive Brokers and Tradier, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found E*TRADE to provide better mobile trading apps.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Debit Cards are offered by Interactive Brokers while Tradier offers none, neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

Is Interactive Brokers good?

In 2022, Interactive Brokers remains our top pick for professionals because of its institutional-grade desktop trading platform and rock-bottom margin rates. Professionals aside, Interactive Brokers also appeals to active traders and casual investors with $0 trades and a user-friendly web platform.

Is Tradier good?

Tradier Brokerage is somewhat unusual among the brokers in our annual review: clearly aimed at the advanced trader, but one who is not interested in cryptocurrencies or futures trading. To get the most out of being a Tradier Brokerage client, investors must also be willing to pay for a premium platform.

Interactive Brokers vs Tradier Winner

Overall winner: E*TRADE

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