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Tradier Brokerage Review

Chris McKhann

Written by Chris McKhann
Edited by Carolyn Kimball
Fact-checked by Sam Levine

Last updated September 26, 2022
Published January 10, 2022

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.

Tradier
starstarstarstarstar_border Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00
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Trade Options FREE For 3 Months

Top Takeaways for 2022

Here are our top findings on Tradier Brokerage for 2022:

  1. Tradier will appeal to a subset of advanced traders. It offers no cryptocurrencies, no futures, and no forex. Fractional shares are only available for RIAs. And clients can choose their platform from a wide range, but will have to pay for it (though the broker's web-based platform is free).
  2. Tradier might be an appealing choice for advanced traders, especially those who are looking to use their own programming skills for their trading or those looking for a specific trading platform. Additionally, Tradier allows account opening in 120 countries outside the U.S., which is rare among U.S. brokers.
  3. Tradier is not the place for beginner or intermediate traders, those looking for futures trading or access to cryptos or fractional shares. Beginner traders or investors should look to our top-ranked brokers for beginners. Advanced traders looking for similar functionality with more options and less cost should check out industry leader Interactive Brokers.

Overall Summary

Feature Tradier logoTradier
Overall starstarstarstarstar_border
Investment Options starstarstarstar_borderstar_border
Commissions & Fees starstarstarstarstar_border
Mobile Trading Apps starstarstarstarstar_border
Platforms & Tools starstarstarstar_borderstar_border
Research starstarstar_borderstar_borderstar_border
Customer Service starstarstarstar_borderstar_border
Education starstarstarstar_borderstar_border
Ease Of Use starstarstarstarstar_border

Offering of investments

As noted, offerings are narrow. This is clearly a broker for traders only interested in stocks, ETFs and options. Those looking for futures or crypto should check out Interactive Brokers or TD Ameritrade.

Cryptocurrency: Tradier does not currently offer any cryptocurrencies.

Retirement services: While Tradier does offer IRAs, they carry annual fees. While for most larger IRAs it won’t make a difference, there is a $30 annual fee.

Feature Tradier logoTradier
Stock Trading Yes
OTCBB / Pink Sheets No
Options Trading Yes
Complex Options Max Legs 4
Bonds (US Treasury) No
Futures Trading No
Forex Trading No
Mutual Funds (Total) 0
Advisor Services No
Crypto Trading No
Crypto Trading - Total Coins 0

Commissions and fees

Tradier Brokerage has no commissions on stock or ETF trades. While most brokers are charging $0.65 for options trades, Tradier charges $0.35, or $0 with a $10 monthly subscription.

Other fees: As noted, IRAs have an annual fee of $30 and a closure fee of $60. Mutual fund trades cost $30. There are some additional fees: $10 for a broker-assisted trade and $9 for options exercise or assignment.

Use of Tradier’s proprietary TradeHawk platform, which most advanced traders will want, starts at $10 per month. Given the target audience, I can’t imagine having a Tradier account without factoring this in.

Feature Tradier logoTradier
Minimum Deposit $0.00
Stock Trades $0.00
Penny Stock Fees (OTCCB) 0.00
ETF Trade Fee 0.00
Options (Base Fee) $0.00
Options (Per Contract) $0.00
Options Exercise Fee 9.00
Options Assignment Fee 9.00
Futures (Per Contract) $0.00
Mutual Fund Trade Fee $30.00
Broker Assisted Trade Fee $10.00

Mobile trading apps

The mobile app is straightforward but trails the competition in terms of functionality, especially given that the company aims at the advanced trader. Logging in is a pain, charts are just OK and tools are basic.

Ease of use: The mobile app is easy to use, but not as straightforward as those of top competitors. Building multi-leg trades is simple and quick. Logging in is tedious, however, especially compared to the many mobile apps out there that allow touch login.

Watchlists: The watchlist on mobile is more functional than that on the website. It links to the charts, which then have Level 1 data and a trade tab.

Charting: Charting on mobile is not as advanced as many of its competitors. You can change the time frame and toggle between line and candlestick, but you can’t zoom or scroll. There are no indicators to add. And most frustrating is the fact that the chart is right up off the right side of the screen, making it hard to see the current data.

Trading tools: Option chains on mobile offer the very basics, and calls and puts are listed separately. You can build mult-leg options trades easily — the best feature of the app.

Feature Tradier logoTradier
iPhone App Yes
Android App Yes
Apple Watch App No
Stock Alerts No
Charting - After-Hours No
Charting - Technical Studies 0
Charting - Study Customizations No
Watch List (Streaming) Yes
Watch Lists - Create & Manage No
Watch Lists - Column Customization No

Other trading platforms and tools

The real value in Tradier Brokerage is its API and ability to link out to a variety of trading platforms. The functionality of these platforms is excellent, but there are monthly fees charged to use them. This makes Tradier great for advanced traders who are willing to pay for the platform of their choice.

Platforms overview: The web-based trading is simple but effective for stocks and ETFs. Multi-leg strategies are easy to set up and trade. Some of the platforms available to link to, including Tradier’s own TradeHawk, have excellent tools and functionality. As they carry additional fees, however (as noted, a TradeHawk subscription starts at $10 per month), we do not cover them as part of the basic account. Investors will want to factor in these costs, because the basic web trading is unlikely to suffice.

Watchlists: Adding stocks to the watchlist is done through the quote feature on the homepage. The watchlist also doesn’t link to the research page and the other functionality doesn’t work as well as it should.

Charting: Charting on the website is excellent. It is provided by TradingView. Having it housed under research and not accessible though the watchlist is odd and makes for a less-than-seamless experience.

Trading tools: Trading tools on the website are simple but effective for stock, ETF and option trading. The trade ticket allows for building a wide variety of multi-leg strategies.

Options trading: Basic options trading is easy, as is building multi-leg strategies. But there are no risk graphs. The option chains are not customizable, other than changing the number of strikes.

Futures trading: Tradier does not offer futures trading.

Feature Tradier logoTradier
Desktop Trading Platform Yes
Web Trading Platform Yes
Paper Trading Yes
Trade Journal No
Watch Lists - Total Fields 15
Charting - Indicators / Studies 95
Charting - Drawing Tools 0
Charting - Study Customizations 7
Charting - Save Profiles No
Trade Ideas - Technical Analysis No
Streaming Time & Sales No
Trade Ideas - Backtesting No

Research

Tradier Brokerage’s research, like its charting, is provided by TradingView. The research page on the web trading application includes an overview of the stock, a listing of the financials, a “timeline” of news and a technical analysis “meter” for different time periods.

Stock research: There is basic fundamental analysis as well as technical analysis. It is unclear what factors the technical analysis is based on — this could include a host of things.

Market commentary: Tradier offers its own OptionsBrewTV with some market commentary. It can be found through the login page.

Feature Tradier logoTradier
Research - Stocks Yes
Stock Research - ESG No
Stock Research - PDF Reports 0
Screener - Stocks No
Research - ETFs Yes
Screener - ETFs No
Research - Mutual Funds No
Screener - Mutual Funds No
Research - Pink Sheets / OTCBB No
Research - Bonds No

Education

There are some educational videos offered through OptionBrewTV, but nothing beyond that. This is an area where Tradier really could make a difference. They do partner with education firms in offering their API, but basic education is needed more than ever in the industry. Other platforms targeting advanced traders and investors, like Interactive Brokers, are doing a good job with this; and some brokers, like Fidelity, have education embedded in their mobile apps as well.

Feature Tradier logoTradier
Education (Stocks) No
Education (ETFs) No
Education (Options) No
Education (Mutual Funds) No
Education (Bonds) No
Education (Retirement) No
Paper Trading Yes
Videos No
Progress Tracking No
Interactive Learning - Quizzes No

Customer service

To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For our 2022 Broker Review, 159 customer service tests were conducted over six weeks. Here are the results for Tradier.

  • Average Connection Time: <1 minute
  • Average Net Promoter Score: 6.6 / 10
  • Average Professionalism Score: 6.9 / 10
  • Overall Score: 7.2 / 10
  • Ranking: 8th of 13 brokers

Final thoughts

Tradier Brokerage targets a very specific audience: advanced, active stock, ETF and option traders who don’t mind paying for the platform of their choice beyond the broker's web-based platform. If you fall into this category, Tradier could be a solid choice. But if you don’t, as an individual investor or trader, you’ll want to look for a broker that offers the tools and instruments you are looking for (see our guide to best trading platforms).

About Tradier Brokerage

Tradier, Inc., is a cloud-based financial services provider and brokerage API company. The company’s platform services providers, advisors, developers and individual investors. It was founded in 2012 in North Carolina.

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2022 Review Methodology

Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.

For the StockBrokers.com 12th Annual Review published in January 2022, a total of 3,075 data points were collected over three months and used to score 15 top brokers. This makes StockBrokers.com home to the largest independent database on the web covering the online broker industry.

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

Tradier fees and features data

The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.

In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.

Trading fees

Feature Tradier logoTradier
Minimum Deposit $0.00
Stock Trades $0.00
Mutual Fund Trade Fee $30.00
Options (Base Fee) $0.00
Options (Per Contract) $0.00
Futures (Per Contract) $0.00
Broker Assisted Trade Fee $10.00

Account fees

Feature Tradier logoTradier
IRA Annual Fee $30.00
IRA Closure Fee $60.00
Account Transfer Out (Partial) $75.00
Account Transfer Out (Full) $75.00
Options Exercise Fee 9.00
Options Assignment Fee 9.00

Margin rates

Feature Tradier logoTradier
Margin Rate Under $24,999.99 5.25%
Margin Rate $25,000.00 to $49,999.99 5.25%
Margin Rate $50,000.00 to $99,999.99 5.25%
Margin Rate $100,000.00 to $249,999.99 5.25%
Margin Rate $250,000.00 to $499,999.99 5.25%
Margin Rate $500,000.00 to $999,999.99 5.25%
Margin Rate Above $1,000,000.00 5.25%

Investment options

Feature Tradier logoTradier
Stock Trading Yes
Fractional Shares No
OTCBB / Pink Sheets No
Options Trading Yes
Complex Options Max Legs 4
Futures Trading No
Forex Trading No
Crypto Trading No
Crypto Trading - Total Coins 0
Mutual Funds (No Load) 0
Mutual Funds (Total) 0
Bonds (US Treasury) No
Bonds (Corporate) No
Bonds (Municipal) No
Advisor Services No
International Countries (Stocks) 0

Order types

Feature Tradier logoTradier
Order Type - Market Yes
Order Type - Limit Yes
Order Type - After Hours Yes
Order Type - Stop Yes
Order Type - Trailing Stop No
Order Type - OCO Yes
Order Type - OTO No
Order Type - Broker Assisted Yes

Beginners

Feature Tradier logoTradier
Education (Stocks) No
Education (ETFs) No
Education (Options) No
Education (Mutual Funds) No
Education (Bonds) No
Education (Retirement) No
Retirement Calculator No
Investor Dictionary No
Paper Trading Yes
Videos No
Webinars (Archived) No
Progress Tracking No
Interactive Learning - Quizzes No

Stock trading apps

Feature Tradier logoTradier
iPhone App Yes
Android App Yes
Apple Watch App No
Trading - Stocks Yes
Trading - After-Hours Yes
Trading - Simple Options Yes
Trading - Complex Options Yes
Order Ticket RT Quotes Yes
Order Ticket SRT Quotes No

Stock app features

Feature Tradier logoTradier
Market Movers (Top Gainers) No
Stream Live TV No
Videos on Demand No
Stock Alerts No
Option Chains Viewable Yes
Watch List (Real-time) Yes
Watch List (Streaming) Yes
Watch Lists - Create & Manage No
Watch Lists - Column Customization No
Watch Lists - Total Fields 15

Stock app charting

Feature Tradier logoTradier
Charting - After-Hours No
Charting - Can Turn Horizontally No
Charting - Multiple Time Frames Yes
Charting - Technical Studies 0
Charting - Study Customizations No
Charting - Stock Comparisons No

Trading platforms overview

Feature Tradier logoTradier
Desktop Trading Platform Yes
Web Trading Platform Yes
Paper Trading Yes
Trade Journal No
Watch Lists - Total Fields 15

Trading platform stock chart features

Feature Tradier logoTradier
Charting - Adjust Trades on Chart No
Charting - Indicators / Studies 95
Charting - Drawing Tools 0
Charting - Notes No
Charting - Index Overlays No
Charting - Historical Trades No
Charting - Corporate Events No
Charting - Custom Date Range No
Charting - Custom Time Bars No
Charting - Automated Analysis No
Charting - Save Profiles No
Trade Ideas - Technical Analysis No
Charting - Study Customizations 7
Charting - Custom Studies No

Day trading features

Feature Tradier logoTradier
Streaming Time & Sales No
Streaming TV No
Direct Market Routing - Stocks No
Ladder Trading No
Trade Hot Keys No
Level 2 Quotes - Stocks No
Trade Ideas - Backtesting No
Trade Ideas - Backtesting Adv No
Short Locator No
Order Liquidity Rebates No

Investment research overview

Feature Tradier logoTradier
Research - Stocks Yes
Research - ETFs Yes
Research - Mutual Funds No
Research - Pink Sheets / OTCBB No
Research - Bonds No
Screener - Stocks No
Screener - ETFs No
Screener - Mutual Funds No
Screener - Bonds No
Misc - Portfolio Allocation No

Stock research features

Feature Tradier logoTradier
Stock Research - PDF Reports 0
Stock Research - Earnings No
Stock Research - Insiders No
Stock Research - Social No
Stock Research - News No
Stock Research - ESG No
Stock Research - SEC Filings No

ETF research features

Feature Tradier logoTradier
ETFs - Strategy Overview No
ETF Fund Facts - Inception Date No
ETF Fund Facts - Expense Ratio No
ETF Fund Facts - Net Assets No
ETF Fund Facts - Total Holdings No
ETFs - Top 10 Holdings No
ETFs - Sector Exposure No
ETFs - Risk Analysis No
ETFs - Ratings No
ETFs - Morningstar StyleMap No
ETFs - PDF Reports No

Mutual fund research features

Feature Tradier logoTradier
Mutual Funds - Strategy Overview No
Mutual Funds - Performance Chart No
Mutual Funds - Performance Analysis No
Mutual Funds - Prospectus No
Mutual Funds - 3rd Party Ratings No
Mutual Funds - Fees Breakdown No
Mutual Funds - Top 10 Holdings No
Mutual Funds - Asset Allocation No
Mutual Funds - Sector Allocation No
Mutual Funds - Country Allocation No
Mutual Funds - StyleMap No

Options trading overview

Feature Tradier logoTradier
Option Chains - Basic View Yes
Option Chains - Strategy View No
Option Chains - Streaming Yes
Option Chains - Total Columns 8
Option Chains - Greeks 1
Option Chains - Quick Analysis Yes
Option Analysis - P&L Charts No
Option Probability Analysis No
Option Probability Analysis Adv No
Option Positions - Greeks No
Option Positions - Greeks Streaming No
Option Positions - Adv Analysis No
Option Positions - Rolling No
Option Positions - Grouping No

Banking features

Feature Tradier logoTradier
Bank (Member FDIC) No
Checking Accounts No
Savings Accounts No
Credit Cards No
Debit Cards No
Mortgage Loans No

Customer service options

Feature Tradier logoTradier
Phone Support (Prospect Customers) Yes
Phone Support (Current Customers) Yes
Email Support Yes
Live Chat (Prospect Customers) No
Live Chat (Current Customers) No
24/7 Support No

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About the Author

Chris McKhann
Chris McKhann

Chris McKhann has been in the industry for more than 20 years. He has worked for many of the top names in the online trading space, including TD Ameritrade and optionMONSTER, which later became part of E*TRADE. His work has been cited in the Wall Street Journal, Reuters, the Financial Times, Forbes, CNBC, Nasdaq.com and Nikkei. He has also been an advisor and outside trader for several hedge funds. He was one of the first traders to delve into the VIX tradable products and to write about them (back in 2006). Chris is also an educator who teaches high school statistics, finance and computer science.


Carolyn Kimball
Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.


Sam Levine
Sam Levine

Sam Levine is a longtime writer, investor and educator with nearly three decades of experience in the investing industry. His specialty is making even the most complicated investing concepts easy to understand for beginning and intermediate investors. He holds two of the most widely recognized certifications in the investment management industry, the Chartered Financial Analyst and the Chartered Market Technician designations. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.


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