Ally Invest vs Tradier 2024
In this head to head comparison of Ally Invest vs Tradier, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of Ally Invest vs Tradier, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When it comes to selecting an online broker, both Ally Invest and Tradier present strong options, each with its own unique strengths. For investment options, Ally Invest holds a slight edge with a 4.5-star rating compared to Tradier's 4-star rating. Ranked #8 by StockBrokers.com, Ally Invest offers a broader spectrum of services such as OTC stock trading and advisor services, which might appeal to investors seeking a more comprehensive approach. Meanwhile, Tradier, ranked #13, does offer futures trading, which could be a decisive factor for those interested in this specific asset class.
Ally Invest provides a range of investment options including stock trading, margin trading, OTC stocks, and mutual funds, positioning itself as a robust choice for diverse investment needs. It also offers options trading and a variety of IRA accounts including traditional and Roth IRAs, although it lacks offerings in fractional shares, forex, futures, and crypto trading. The added value of advisor services supports its appeal for investors who prioritize access to professional guidance.
Tradier, while slightly behind Ally Invest in rankings, still delivers a comprehensive set of investment opportunities. It offers stock and margin trading, mutual funds, and options trading, along with both traditional and Roth IRA accounts. However, it doesn't support fractional shares, OTC stocks, forex, or crypto trading. Notably, Tradier stands out with its inclusion of futures trading, which can attract investors who focus on this area. Although lacking advisor services, Tradier's robust platform can still meet the needs of self-directed traders.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | No | No |
OTC Stocks | Yes | No |
Mutual Funds | Yes | Yes |
Options Trading | Yes | Yes |
Futures Trading | No | Yes |
Crypto Trading | No | No |
Crypto Trading - Total Coins | 0 | 0 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
When comparing the trading platforms and tools of Ally Invest and Tradier, both brokers exhibit strengths and weaknesses that cater to different user needs. While each platform earns a 3.5-star rating for their trading capabilities, Tradier edges out Ally Invest in StockBrokers.com's ranking by securing the 10th position compared to Ally Invest's 11th place. This ranking primarily reflects Tradier's provision of a browser-based trading experience akin to Ally Invest, supplemented by features such as paper trading, which Ally Invest lacks. However, Ally Invest compensates with a richer charting interface, offering more technical indicators and drawing tools.
Neither Ally Invest nor Tradier provides a downloadable trading platform for Windows or Mac, with both relying on a browser-based approach. Ally Invest distinguishes itself by providing a robust suite of 120 technical indicators and 36 drawing tools, offering comprehensive chart customization options like dedicated notes, index overlays, and automated technical analysis. Tradier, in contrast, offers a fewer number of indicators and no drawing tools but allows users to display historical trades on charts, a feature lacking in Ally Invest's offering. Additionally, Tradier's browser-based platform supports paper trading, enabling users to hone their trading strategies without financial risk.
Watchlist functionality is another area of divergence, where Ally Invest accommodates up to 10 columns or fields, providing a more detailed overview compared to Tradier's three fields. On the other hand, while both platforms do not allow for open orders adjustment directly on charts or the customization of chart date ranges, Tradier presents a competent alternative with seven customization fields for editing SMA studies, merely falling short of Ally's offering of eight fields. Neither broker supports custom study creation, leaving advanced traders possibly looking for more extensive options elsewhere.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | No | No |
Desktop Platform (Mac) | No | No |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 10 | 3 |
Charting - Indicators / Studies | 120 | 95 |
Charting - Drawing Tools | 36 | 0 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
When it comes to guiding beginner investors and providing educational resources, Ally Invest clearly stands out compared to Tradier. Ally Invest offers comprehensive educational content across various investment types such as stocks, ETFs, options, mutual funds, and bonds. This diverse range of learning options reflects in its high education rating of 4 out of 5 stars and its respectable ranking of #9 out of 18 brokers according to StockBrokers.com. In contrast, Tradier does not provide specific educational resources on these investment forms, limiting its educational offerings significantly and resulting in a lower rating of 2 out of 5 stars and a ranking of #17 on the same list.
However, Tradier does offer paper trading, allowing users to practice trading strategies in a risk-free environment—a feature Ally Invest does not provide. Despite this advantage, both Ally Invest and Tradier lack interactive educational tools such as educational videos, webinars, quizzes, and progress tracking features. As beginner investors evaluate the educational capabilities of these online brokers, Ally Invest's extensive educational offerings across multiple asset types make it a better choice compared to Tradier's more limited resources.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Education (Stocks) | Yes | No |
Education (ETFs) | Yes | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | Yes | No |
Education (Bonds) | Yes | No |
Paper Trading | No | Yes |
Videos | No | No |
Webinars | No | No |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When comparing the stock trading app capabilities of Ally Invest and Tradier, both brokers offer solid platforms for users, earning a 4-star rating for their apps. Despite these equal ratings, Ally Invest is ranked slightly higher at #13 compared to Tradier's #15 according to StockBrokers.com, suggesting a marginally superior user experience. Both brokers provide iPhone and Android apps, mobile after-hours stock trading, and options trading, reflecting their focus on core trading functionalities.
While users of both Ally Invest and Tradier will not find specialized offerings like Apple Watch apps, streaming quotes are available exclusively on Tradier’s platform. Neither broker furnishes streaming live TV, videos on demand, or stock alerts, indicating a shared emphasis on trading essentials over multimedia enhancements. Additionally, both platforms support the creation of custom watch lists but lack the ability to customize watch list columns, limiting personalization options for traders.
In terms of charting capabilities, both Ally Invest and Tradier allow users to view multiple time frames but do not provide after-hours charting, landscape mode viewing, technical studies, or stock comparisons on charts. These limitations are mirrored across both apps, indicating a restrained focus on advanced charting features. Overall, Ally Invest and Tradier offer comparable basic functionalities in their stock trading apps, with slight variations that cater to different investor needs.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | No |
Charting - After-Hours | No | No |
Charting - Technical Studies | 0 | 0 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
When choosing between Ally Invest and Tradier, it’s crucial to consider the different account fees and charges to find the best fit for your investment needs. Ally Invest offers the advantage of a $0 minimum deposit and free regular stock trades, much like Tradier. However, Ally Invest stands out with $0 fees for IRA annual charges and lower rates for options exercise and assignment. On the other hand, Tradier might appeal to those who frequently engage in options trading due to its lower per-contract fees.
Both Ally Invest and Tradier require no minimum deposit, making them accessible to new investors. Additionally, neither charges for regular stock trades, but they differ when it comes to options contract fees—Ally charges $0.50, whereas Tradier charges a more competitive rate at $0.35. These variations can significantly impact the costs for options traders. Margin rates are another important consideration; Ally Invest charges between 12% to 13% depending on the balance, while Tradier maintains a consistent 9.5% across various tiers.
Regarding ancillary fees, Ally Invest generally offers more competitive rates. It charges nothing for IRA annual fees, asks for a $25 fee for IRA closure, and sets a $50 fee for both partial and full account transfers. Tradier, conversely, charges $30 for IRA annual fees, $60 for IRA closure, and $75 for account transfers. Options traders might also prefer Ally Invest, as it imposes no fees on exercise and assignment, unlike Tradier, which charges $9 for both. These distinctions could lead to considerable savings over time, depending on your trading habits.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.35 |
Options Exercise Fee | $0.00 | $9.00 |
Options Assignment Fee | $0.00 | $9.00 |
IRA Annual Fee | $0.00 | $30.00 |
IRA Closure Fee | $25.00 | $60.00 |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
When evaluating the day trading capabilities between Ally Invest and Tradier, both platforms reveal significant limitations in features that cater to active traders. Ally Invest and Tradier do not provide streaming time and sales for stocks, streaming live TV, or direct market routing, which might be viewed as significant drawbacks for traders seeking real-time market insights and flexibility in trade execution. Additionally, neither broker furnishes a ladder trading feature or trading hotkeys, which could enhance the speed and efficiency of trade entry and exit strategies, essential components for day traders.
Moreover, both Ally Invest and Tradier lack in providing advanced analytical tools critical for day trading success. They do not offer Level 2 quotes or basic and advanced strategy backtesting, which are crucial for evaluating current market conditions and testing trading strategies before execution. The absence of a short locator tool also means neither platform supports traders in easily identifying short-selling opportunities. Furthermore, neither Ally Invest nor Tradier offers order liquidity (maker/taker) rebates, which could be a deciding factor for traders who frequently engage in high-volume trading and seek cost efficiencies.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Streaming Time & Sales | No | No |
Streaming TV | No | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | No | No |
Dive deeper: Best Day Trading Platforms for 2024
When comparing the market research capabilities of Ally Invest and Tradier, Ally Invest clearly holds a competitive edge. With features such as stock, ETFs, mutual funds, and bonds research, as well as tools to assess portfolio allocation by asset class, Ally Invest provides a comprehensive suite of market research options. Tradier, on the other hand, offers basic research capabilities with a particular focus on stocks and ETFs, but lacks several key research tools such as Pink Sheets/OTCBB and bond research, limiting its utility for investors seeking a wider range of information.
Both Ally Invest and Tradier provide users with stock and ETFs research capabilities, aligning their offerings for those interested in these types of investments. However, Ally Invest distinguishes itself by delivering research on mutual funds and Pink Sheets/OTCBB, categories for which Tradier does not provide insights. Additionally, Ally Invest includes features such as portfolio allocation analysis and stock research using social media sentiment data, which are not available with Tradier, enhancing its overall market research experience.
Despite neither platform offering downloadable PDF research reports for stocks, ETFs, or mutual funds, Ally Invest extends its advantage through its comprehensive selection of research screeners for stocks, ETFs, and bonds—tools absent in Tradier's offerings. This range of research capabilities has earned Ally Invest a 4-star rating in market research, ranking it seventh out of 18 brokers by StockBrokers.com. In contrast, Tradier earns a 2.5-star rating, placing it sixteenth, reflecting its more limited research functionality.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | Yes | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | Yes | No |
Research - Mutual Funds | Yes | No |
Screener - Mutual Funds | No | No |
Research - Bonds | Yes | No |
Screener - Bonds | Yes | No |
Research |
When comparing the banking capabilities of online brokers, Ally Invest clearly stands out against Tradier, offering a comprehensive suite of financial services. Ally Invest provides customers with the convenience of checking and savings accounts, as well as access to debit and credit cards, enhancing their day-to-day financial management. Additionally, Ally Invest offers mortgage loans and Certificates of Deposit (CDs), providing diverse options for both borrowing and saving. In contrast, Tradier does not offer checking or savings accounts, nor does it provide debit cards, credit cards, mortgage loans, or CDs, making Ally Invest the superior choice for those seeking a more inclusive banking experience.
Feature |
Ally Invest
|
Tradier
|
---|---|---|
Checking Accounts | Yes | No |
Savings Accounts | Yes | No |
Debit Cards | Yes | No |
Credit Cards | Yes | No |
Mortgage Loans | Yes | No |
CDs | Yes | No |
Dive deeper: Best Bank Accounts for Trading Stocks for 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Ally Invest is better than Tradier. Ally Invest finished with an overall score of 83.8%, while Tradier finished with a score of 77.0%.
For current Ally customers looking to invest in stocks, Ally's universal-accounts experience and easy-to-use website offer a convenient solution. Its website is far stronger than the mobile app.
Ally Invest and Tradier both do not offer crypto trading, with each platform providing access to zero cryptocurrencies.
Dive deeper: Best Online Brokers for Crypto Trading in 2024
Both Ally Invest and Tradier provide traditional and Roth IRA accounts; however, while Ally Invest offers a no annual fee structure, Tradier charges $30 annually. Furthermore, Ally Invest's IRA account closure fee is $25, significantly lower than Tradier's $60 fee.
Dive deeper: Best IRA Accounts for 2024
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0 of 5Overall Rating | Ally Invest | Tradier | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Ally Invest Review | Tradier Review |
Broker Screenshots | Ally Invest | Tradier | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | Ally Invest | Tradier | |
---|---|---|---|
Minimum Deposit | $0.00 | $0.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | $4.95 | N/A | |
Mutual Fund Trade Fee | $0.00 | $30 | |
Options (Per Contract) | $0.50 | $0.35 | |
Futures (Per Contract) | (Not offered) | $1.50 | |
Broker Assisted Trade Fee | $20 | $10 |
Margin Rates | Ally Invest | Tradier | |
---|---|---|---|
Margin Rate Under $25,000 | 13% | 9.5% | |
Margin Rate $25,000 to $49,999.99 | 12.75% | 9.5% | |
Margin Rate $50,000 to $99,999.99 | 12% | 9.5% | |
Margin Rate $100,000 to $249,999.99 | 10.75% | 9.5% | |
Margin Rate $250,000 to $499,999.99 | 9.75% | 9.5% | |
Margin Rate $500,000 to $999,999.99 | 9.25% | 9.5% | |
Margin Rate Above $1,000,000 | 8.5% | 9.5% |
Account Fees | Ally Invest | Tradier | |
---|---|---|---|
IRA Annual Fee | $0.00 | $30.00 | |
IRA Closure Fee | $25.00 | $60.00 | |
Account Transfer Out (Partial) | $50.00 | $75.00 | |
Account Transfer Out (Full) | $50.00 | $75.00 | |
Options Exercise Fee | $0.00 | $9.00 | |
Options Assignment Fee | $0.00 | $9.00 |
Investment Options | Ally Invest | Tradier | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | No | No | |
OTC Stocks | Yes | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | No | Yes | |
Forex Trading | No | No | |
Crypto Trading | No | No | |
Crypto Trading - Total Coins | 0 | 0 | |
Mutual Funds (No Load) | 13000 | 0 | |
Mutual Funds (Total) | 14000 | 0 | |
Bonds (US Treasury) | Yes | No | |
Bonds (Corporate) | Yes | No | |
Bonds (Municipal) | Yes | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | Yes | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | Ally Invest | Tradier | |
---|---|---|---|
Order Type - Market | Yes | Yes | |
Order Type - Limit | Yes | Yes | |
Order Type - After Hours | Yes | Yes | |
Order Type - Stop | Yes | Yes | |
Order Type - Trailing Stop | No | No | |
Order Type - OCO | No | Yes | |
Order Type - OTO | No | Yes | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | Ally Invest | Tradier | |
---|---|---|---|
Education (Stocks) | Yes | No | |
Education (ETFs) | Yes | No | |
Education (Options) | Yes | No | |
Education (Mutual Funds) | Yes | No | |
Education (Bonds) | Yes | No | |
Education (Retirement) | Yes | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | No | |
Paper Trading | No | Yes | |
Videos | No | No | |
Webinars | No | No | |
Webinars (Archived) | Yes | No | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | Ally Invest | Tradier | |
---|---|---|---|
iPhone App | Yes | Yes | |
Android App | Yes | Yes | |
Apple Watch App | No | No | |
Trading - Stocks | Yes | Yes | |
Trading - After-Hours | Yes | Yes | |
Trading - Simple Options | Yes | Yes | |
Trading - Complex Options | Yes | Yes | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | No | No |
Stock App Features | Ally Invest | Tradier | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | No | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | No | No | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | No | No |
Stock App Charting | Ally Invest | Tradier | |
---|---|---|---|
Charting - After-Hours | No | No | |
Charting - Can Turn Horizontally | No | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 0 | |
Charting - Study Customizations | No | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | Ally Invest | Tradier | |
---|---|---|---|
Active Trading Platform | N/A | TradeHawk | |
Desktop Trading Platform | No | No | |
Desktop Platform (Mac) | No | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 10 | 3 |
Stock Chart Features | Ally Invest | Tradier | |
---|---|---|---|
Charting - Adjust Trades on Chart | No | No | |
Charting - Indicators / Studies | 120 | 95 | |
Charting - Drawing Tools | 36 | 0 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | No | Yes | |
Charting - Corporate Events | No | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | Yes | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | Yes | No | |
Charting - Study Customizations | 8 | 7 | |
Charting - Custom Studies | No | No |
Day Trading | Ally Invest | Tradier | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | No | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | No | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | No | No | |
Order Liquidity Rebates | No | No |
Research Overview | Ally Invest | Tradier | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | Yes | No | |
Research - Pink Sheets / OTCBB | Yes | No | |
Research - Bonds | Yes | No | |
Screener - Stocks | Yes | No | |
Screener - ETFs | Yes | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | Yes | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | Ally Invest | Tradier | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | No | |
Stock Research - Insiders | Yes | No | |
Stock Research - Social | Yes | No | |
Stock Research - News | Yes | No | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | Ally Invest | Tradier | |
---|---|---|---|
ETFs - Strategy Overview | Yes | No | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | Yes | No | |
ETF Fund Facts - Net Assets | Yes | No | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | Yes | No | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | No | No | |
ETFs - Ratings | Yes | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | Ally Invest | Tradier | |
---|---|---|---|
Mutual Funds - Strategy Overview | Yes | No | |
Mutual Funds - Performance Chart | Yes | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | Yes | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | Yes | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | Yes | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | Ally Invest | Tradier | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 8 | 8 | |
Option Chains - Greeks | 5 | 1 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | No | No | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | No | No | |
Option Positions - Greeks | Yes | No | |
Option Positions - Greeks Streaming | No | No | |
Option Positions - Adv Analysis | No | No | |
Option Positions - Rolling | No | No | |
Option Positions - Grouping | Yes | No |
Banking | Ally Invest | Tradier | |
---|---|---|---|
Bank (Member FDIC) | Yes | No | |
Checking Accounts | Yes | No | |
Savings Accounts | Yes | No | |
Credit Cards | Yes | No | |
Debit Cards | Yes | No | |
Mortgage Loans | Yes | No |
Customer Service | Ally Invest | Tradier | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | No | No | |
Live Chat (Current Customers) | Yes | No | |
24/7 Support | Yes | No |
Overall | Ally Invest | Tradier | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | Ally Invest Review | Tradier Review |