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Tradier vs eToro 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of Tradier vs eToro, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Tradier
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.35 info
eToro
4/5 Stars Overall
  • Minimum Deposit: $50.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.00

Investment options

When comparing Tradier and eToro, Tradier emerges as the more versatile option for investors seeking a broader range of traditional investment opportunities. With services such as stock trading, margin trading, mutual funds, options trading, futures trading, and IRA account options available, Tradier caters to both novice and experienced investors looking for comprehensive trading capabilities. In contrast, eToro focuses heavily on social trading and cryptocurrency, offering 26 coins for crypto trading and the ability to trade fractional shares, but lacks in providing services like margin accounts, mutual funds, futures trading, or IRA options. The investment options rating and rankings, where Tradier scores 4 stars and ranks #13 compared to eToro’s 2.5 stars at #17 according to StockBrokers.com, further reflect Tradier's superiority in diverse investment features.

Delving into specific trading capabilities, Tradier supports traditional options trading alongside robust margin trading features, making it ideal for active traders who leverage advanced trading strategies. On the other hand, eToro presents limitations here, offering options trading without margin trading capabilities. Additionally, eToro shines in the cryptocurrency arena, with access to 26 different coins, contrasting sharply against Tradier's absence in this space. However, for investors inclined towards exchanging ideas and exploring social trading features, eToro provides unique avenues for engagement despite its lower ranking in overall investment options.

Investment account variety marks another distinguishing factor between Tradier and eToro. Tradier offers traditional and Roth IRA accounts, catering to retirement-focused investors seeking tax-advantaged growth, while eToro lacks similar offerings. Neither platform currently provides OTC stock trading or advisor services, maintaining a concentrated focus on their core competencies. Overall, when considering investment options, Tradier stands out as a more comprehensive solution, appealing to a wide range of investor needs beyond stock and options trading alone.

Feature Tradier logoTradier
eToro logoeToro
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No Yes
OTC Stocks info No No
Mutual Funds info Yes No
Options Trading info Yes Yes
Futures Trading info Yes No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 26
Investment Options 4/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024

Trading platforms and tools

Both Tradier and eToro offer competent trading platforms and tools, each with their strengths and limitations, particularly catering to different aspects of trading needs. While Tradier and eToro both lack downloadable desktop solutions for Windows and Mac, they compensate with robust browser-based platforms. Notably, they both support paper trading, offering users the ability to refine their skills risk-free. However, when it comes to platform usability and customization, Tradier shines with 95 technical indicators for charting, while eToro surpasses in the variety of drawing tools available, offering 48 options compared to Tradier's none, and the ability to save multiple chart profiles.

When comparing features, Tradier takes the lead in specific charting functionalities, offering the ability to add notes and show historical trades, but falls short in not allowing users to display corporate events or set custom date ranges. Both platforms are on par with their lack of automated technical analysis display and custom study creation. While Tradier allows for more customization fields when editing an SMA study, eToro counters this with its broader watch list capability, offering seven columns versus Tradier's three.

In terms of rankings and perceived quality, Tradier is rated slightly higher than eToro for its trading platforms and tools, as reflected in their identical 3.5-star ratings by StockBrokers.com. However, Tradier's overall ranking amongst 18 brokers places it at #10, ahead of eToro, which ranks at #12. This reflects a competitive edge, albeit a narrow one, indicating that while both brokers cater well to online traders, Tradier offers slight advantages in certain areas that might appeal to specific trading styles. Overall, choosing between the two may depend on individual preferences regarding charting capabilities and platform customization.

Feature Tradier logoTradier
eToro logoeToro
Web Trading Platform info Yes Yes
Desktop Trading Platform info No info No
Desktop Platform (Mac) info No info No
Paper Trading info Yes Yes
Watch Lists - Total Fields info 3 7
Charting - Indicators / Studies info 95 46
Charting - Drawing Tools info 0 48
Platforms & Tools 3.5/5 Stars 3.5/5 Stars

Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024

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Beginners and education

In the realm of online brokerages focused on beginner and investor education, Tradier and eToro present distinct offerings. Tradier, though lacking in specific stock, ETF, options, mutual funds, or bonds education, does allow users to engage in paper trading experiments, providing a hands-on way to learn about the market. Unfortunately, it does not supplement this with educational videos, webinars, or quizzes, nor does it offer tools to track learning progress. As a result, Tradier receives a modest educational rating of 2 out of 5 stars and stands at 17th out of 18 brokers in the StockBrokers.com rankings for educational services.

eToro distinguishes itself slightly with an education rating of 2.5 stars and holds the 16th rank among 18 brokers according to StockBrokers.com. While it mirrors Tradier in offering paper trading and lacks educational modules for ETFs, options, mutual funds, and bonds, eToro enhances its offerings with educational videos that cover stock education basics. Despite these additional resources, eToro does not offer educational quizzes or webinars, nor does it include a learning progress tracker, leaving some areas underdeveloped for investors seeking a well-rounded educational experience.

Feature Tradier logoTradier
eToro logoeToro
Education (Stocks) info No Yes
Education (ETFs) info No No
Education (Options) info No No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info Yes Yes
Videos info No Yes
Webinars info No No
Education 2/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

When evaluating the stock trading app capabilities of Tradier and eToro, eToro emerges as the more robust platform, rated 4.5 stars compared to Tradier's 4 stars. It ranks higher at #11 among 18 brokers according to StockBrokers.com, in contrast to Tradier, which holds the #15 spot. Both apps offer a comprehensive trading experience with support for iPhone and Android devices, mobile options trading, streaming quotes, and custom watch lists. However, eToro takes the experience further by providing features like videos on demand, stock alerts, after-hours charting, and an impressive 103 technical studies for charting, a stark contrast to Tradier's zero technical studies.

Both Tradier and eToro offer a user-friendly interface with essential functionalities such as the creation of custom watch lists and the ability to view multiple time frames for charting. While neither platform provides an Apple Watch app or the ability to customize watch list columns, eToro does offer added benefits such as streaming live TV and videos on demand, which are unavailable on Tradier. Furthermore, Tradier lacks stock alert features and after-hours charting capabilities, both of which are available with eToro.

Overall, while Tradier provides a solid base for stock trading with mobile after-hours trading and core functionalities, eToro offers a more enriched experience with its advanced charting features and additional content availability. The edge that eToro provides in terms of technical studies, stock comparisons on charts, and multimedia resources makes it a more attractive option for traders looking for a comprehensive trading app experience.

Feature Tradier logoTradier
eToro logoeToro
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info No Yes
Charting - After-Hours info No Yes
Charting - Technical Studies info 0 103
Mobile Trading Apps 4/5 Stars 4.5/5 Stars

Dive deeper: Best Stock Trading Apps of 2024

Fees

When comparing Tradier and eToro for account fees and other charges, distinct differences become apparent that can influence a trader's decision. Tradier shines with its $0 minimum deposit offer, free regular stock trades, and low 9.5% margin rates for balances up to $100,000, appealing to those who prioritize flexibility and cost-efficiency in stock trading. On the other hand, eToro, while requiring a $50 minimum deposit, waives fees for options contracts and offers free regular stock trades. While Tradier demands more fees for IRA accounts and options exercises, eToro may appeal to options traders due to its zero-cost approach for these services.

Account fee structures reveal Tradier's demand for an annual IRA maintenance fee of $30 and a closure fee of $60, which are aspects absent from eToro's service offering. Tradier and eToro align in transfer fees, each charging $75 for both partial and full Account Transfers (ACAT). However, Tradier imposes a fee for options exercises at $9, whereas eToro once again maintains a no-fee policy, highlighting eToro's suitability for traders looking to trade options without incurring additional fees.

While Tradier presents appealing conditions for investors with its no-minimum deposit and competitive margin rates, it falls short with specific fees that are negligible or non-existent in eToro's model. This makes eToro particularly attractive for traders interested in options and fewer accounts-related costs. Ultimately, the choice between Tradier and eToro for online trading depends on individual trading priorities, with Tradier offering a low-barrier entry into stock trading and broad service fees, whereas eToro excels in providing cost-free options trading and limited account maintenance fees. Both platforms cater to distinct financial strategies and investor preferences.

Feature Tradier logoTradier
eToro logoeToro
Minimum Deposit $0.00 $50.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.35 info $0.00
Options Exercise Fee $9.00 $0.00
Options Assignment Fee $9.00 $0.00
IRA Annual Fee $30.00 info
IRA Closure Fee $60.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Brokers for Free Stock Trading of 2024

Day Trading

When comparing the capabilities of Tradier and eToro for day traders, there are distinct differences and similarities to consider. Tradier does not offer streaming time and sales for stocks, a feature that eToro does provide, making it potentially more attractive for those needing real-time stock data. However, both platforms lack streaming live TV, direct market routing, ladder trading, and trading hotkeys, which can influence traders seeking a comprehensive, direct trading experience.

Neither Tradier nor eToro offers level 2 quotes or any form of strategy backtesting, which might be a setback for traders focused on detailed analytical capabilities. Additionally, both brokers do not provide a short locator tool for checking real-time availability of shares to short, nor do they offer order liquidity rebates. These constraints may steer day traders towards other platforms if these specific features play a significant role in their trading strategy and decision-making process.

Feature Tradier logoTradier
eToro logoeToro
Streaming Time & Sales info No Yes
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No

Dive deeper: Best Day Trading Platforms of 2024

Market Research

When comparing Tradier and eToro in terms of market research capabilities, eToro appears to offer a slightly more robust experience, especially for users interested in modern data analysis methods. Tradier provides basic stock and ETFs research without significant additional features, resulting in a market research rating of 2.5 stars, ranking it 16th out of 18 brokers by StockBrokers.com. eToro, on the other hand, complements its stock and ETF research with social media sentiment data and ESG research options, which contribute to its higher rating of 3 stars, placing it 12th in the rankings. Overall, both platforms have limitations compared to industry leaders, but eToro stands out slightly due to its incorporation of advanced research features.

Tradier focuses on offering stock and ETFs research, yet it lacks research availability in mutual funds, Pink Sheets, OTCBB, and bonds, similar to eToro. Neither platform provides downloadable PDF research reports for stocks, ETFs, or mutual funds. Furthermore, both brokers do not offer investment screens for stocks, ETFs, mutual funds, or bonds. These limitations reflect opportunities for both platforms to enhance their market research tools to better cater to diverse investor needs.

eToro distinguishes itself with its use of social media sentiment data and ESG research, catering to investors who utilize contemporary data analysis to inform their decisions. In focusing on these features, eToro targets a segment of the market that values forward-looking data. Meanwhile, Tradier operates with a fundamental approach, offering essential research tools tailored to investors who prioritize straightforward market insights. Despite some capability similarities, eToro's emphasis on cutting-edge tools gives it a slight edge in market research offerings over Tradier.

Feature Tradier logoTradier
eToro logoeToro
Research - Stocks info Yes Yes
Screener - Stocks info No No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 3/5 Stars

Banking

When comparing the banking capabilities of Tradier and eToro, both online brokers provide identical offerings—or lack thereof—in the realm of traditional banking services. Neither Tradier nor eToro offers checking or savings accounts, preventing users from performing day-to-day financial transactions typically associated with these basic banking functions. Additionally, both platforms fall short in terms of card services, as neither provides debit or credit card options, limiting users' flexibility in financial management. For those seeking lending options, both Tradier and eToro do not offer mortgage loans. Furthermore, neither of these brokers provides Certificates of Deposit (CDs), which could be a downside for investors looking to diversify their savings strategy through fixed-term investment products. Overall, users seeking comprehensive banking services will find similar limitations with both Tradier and eToro.

Feature Tradier logoTradier
eToro logoeToro
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info No No
Credit Cards info No No
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Brokerages of 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Tradier is better than eToro. Tradier finished with an overall score of 77.0%, while eToro finished with a score of 76.7%.

If you’re trying out advanced charting applications and want to trade from them, Tradier Brokerage is a very logical choice, though as a stand-alone broker it trails the offerings of industry leaders.

FAQs

Can you trade cryptocurrency with Tradier or eToro?

Tradier does not support cryptocurrency trading, offering 0 coins, while eToro provides crypto enthusiasts with access to 26 different coins for trading.

Dive deeper: Best Crypto Trading Platforms of 2024

Does Tradier or eToro offer IRAs?

Tradier offers both traditional and Roth IRA accounts with an annual fee of $30.00 and a closure fee of $60.00, while eToro does not provide IRA accounts, thus avoiding any associated fees for these accounts.

Dive deeper: Best IRA Accounts of 2024

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Compare

0 of 5
Overall Rating Tradier eToro
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 2.5/5 Stars 3/5 Stars
Customer Service 3.5/5 Stars N/A
Education 2/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Tradier Review eToro Review
Broker Screenshots Tradier eToro
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 Tradier eToro
Minimum Deposit $0.00 $50.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee $30 info N/A
Options (Per Contract) $0.35 info $0.00
Futures (Per Contract) $1.50 info (Not offered)
Broker Assisted Trade Fee $10 $0
Margin Rates Tradier eToro
Margin Rate Under $25,000 9.5% Not offered
Margin Rate $25,000 to $49,999.99 9.5% Not offered
Margin Rate $50,000 to $99,999.99 9.5% Not offered
Margin Rate $100,000 to $249,999.99 9.5% Not offered
Margin Rate $250,000 to $499,999.99 9.5% Not offered
Margin Rate $500,000 to $999,999.99 9.5% Not offered
Margin Rate Above $1,000,000 9.5% Not offered
Account Fees Tradier eToro
IRA Annual Fee $30.00 info
IRA Closure Fee $60.00
Account Transfer Out (Partial) info $75.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $9.00 $0.00
Options Assignment Fee $9.00 $0.00
Investment Options Tradier eToro
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info No Yes
OTC Stocks info No No
Options Trading info Yes Yes
Complex Options Max Legs info 4 0
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info No Yes
Crypto Trading - Total Coins info 0 26
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 0
Bonds (US Treasury) info No No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Tradier eToro
Order Type - Market info Yes Yes
Order Type - Limit info Yes No
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info No Yes
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners Tradier eToro
Education (Stocks) info No Yes
Education (ETFs) info No No
Education (Options) info No No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info No No
Paper Trading info Yes Yes
Videos info No Yes
Webinars info No No
Webinars (Archived) info No No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Tradier eToro
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info No Yes
Stock App Features Tradier eToro
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No Yes
Stock Alerts info No Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info No Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info No No
Stock App Charting Tradier eToro
Charting - After-Hours info No Yes
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 103
Charting - Study Customizations info No Yes
Charting - Stock Comparisons info No Yes
Trading Platforms Tradier eToro
Active Trading Platform info TradeHawk N/A
Desktop Trading Platform info No info No
Desktop Platform (Mac) info No info No
Web Trading Platform info Yes Yes
Paper Trading info Yes Yes
Trade Journal info No No
Watch Lists - Total Fields info 3 7
Stock Chart Features Tradier eToro
Charting - Adjust Trades on Chart info No No
Charting - Indicators / Studies info 95 46
Charting - Drawing Tools info 0 48
Charting - Notes info Yes Yes
Charting - Index Overlays info No Yes
Charting - Historical Trades info Yes No
Charting - Corporate Events info No No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info No Yes
Trade Ideas - Technical Analysis info No Yes
Charting - Study Customizations info 7 5
Charting - Custom Studies info No No
Day Trading Tradier eToro
Streaming Time & Sales info No Yes
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info No No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info No No
Order Liquidity Rebates info No No
Research Overview Tradier eToro
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info No No
Research - Bonds info No No
Screener - Stocks info No No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info No No
Stock Research Tradier eToro
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No Yes
Stock Research - Insiders info No Yes
Stock Research - Social info No Yes
Stock Research - News info No Yes
Stock Research - ESG info No Yes
Stock Research - SEC Filings info No Yes
ETF Research Tradier eToro
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No No
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No No
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info No No
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research Tradier eToro
Mutual Funds - Strategy Overview info No No
Mutual Funds - Performance Chart info No No
Mutual Funds - Performance Analysis info No No
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No No
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No No
Mutual Funds - Asset Allocation info No No
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading Tradier eToro
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info No No
Option Chains - Streaming info No No
Option Chains - Total Columns info 8 0
Option Chains - Greeks info 1 4
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info No No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info No No
Option Positions - Greeks Streaming info No No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info No No
Option Positions - Grouping info No No
Banking Tradier eToro
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info No No
Mortgage Loans info No No
Customer Service Tradier eToro
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes No
Email Support info Yes Yes
Live Chat (Prospect Customers) info No Yes
Live Chat (Current Customers) info No Yes
24/7 Support info No No
Overall Tradier eToro
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 3.5/5 Stars 3.5/5 Stars
Mobile Trading Apps 4/5 Stars 4.5/5 Stars
Research 2.5/5 Stars 3/5 Stars
Education 2/5 Stars 2.5/5 Stars
Ease Of Use 4.5/5 Stars 4/5 Stars
Winner check_circle
Review Tradier Review eToro Review
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