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Robinhood vs Tradier 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

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

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

Investment options

When comparing Robinhood and Tradier, investors have distinct choices depending on their priorities. Tradier edges out Robinhood slightly with a 4-star rating for investment options compared to Robinhood's 3.5 stars. While both platforms allow stock and margin trading, Tradier offers additional variety with mutual funds and futures trading, features that Robinhood lacks. However, Robinhood sets itself apart with fractional shares and crypto trading, boasting a lineup of 20 cryptocurrencies, whereas Tradier doesn't offer crypto options. Consequently, both platforms cater to different investment strategies, offering strengths that appeal to varied investor needs.

Both Robinhood and Tradier provide stock and margin trading, positioning themselves as viable choices for investors interested in these traditional assets. Moreover, options trading is available on both platforms, expanding versatility for those looking to incorporate more advanced strategies into their portfolios. Another notable offering from both brokers is the provision of traditional and Roth IRA accounts, meeting the needs of investors planning for retirement. However, neither platform provides advisor services, so investors seeking personalized guidance will need to look elsewhere.

Robinhood distinguishes itself by offering fractional shares and a range of 20 cryptocurrencies, providing unique opportunities for investors interested in fractional and digital asset investing. Meanwhile, Tradier shines with its availability of mutual funds and futures trading, options not available on Robinhood, allowing for a more diversified portfolio. Although neither platform supports trading in OTC stocks or forex, Tradier's inclusion of futures provides an additional layer of investment possibilities. Ultimately, the decision between these two platforms depends on the investor's specific needs and preferences, picking Robinhood for its modern trading features or Tradier for its traditional and diversified offerings.

Feature Robinhood logoRobinhood
Tradier logoTradier
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes No
OTC Stocks info No No
Mutual Funds info No Yes
Options Trading info Yes Yes
Futures Trading info No Yes
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 20 0
Investment Options 3.5/5 Stars 4/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

When comparing Robinhood and Tradier based on their trading platforms and tools, users will find that both brokers offer innovative features but cater to different trading preferences. Robinhood is suited for those who prefer a streamlined experience, excelling in features such as adjusting open orders on charts and a user-friendly interface with options to add notes and index overlays. Tradier, on the other hand, is ideal for traders seeking deeper customization, with extensive offerings like paper trading, 95 technical indicators for charting, and comprehensive customization fields for studies. Ultimately, Tradier outshines Robinhood in terms of overall platform rating and StockBrokers.com ranking, with 3.5 stars and a rank of #10 compared to Robinhood's 3 stars and rank of #13.

Both Robinhood and Tradier do not offer downloadable trading platforms for Windows or Mac, relying instead on browser-based interfaces that ensure accessibility and ease for users. While both platforms feature three columns for watch lists and the ability to add notes to charts, they diverge in advanced chart functionalities. Robinhood allows adjusting open orders directly on charts and provides 23 drawing tools, while Tradier emphasizes incorporating historical trades on charts, thus offering a more analytical approach for in-depth trading.

Robinhood provides 16 technical indicators, whereas Tradier boasts a substantial 95, reflecting a greater depth in chart analysis possibilities. However, Robinhood stands out with options for custom date ranges and multiple chart profiles, though lacking Tradier's broader technical analysis resources. Neither platform supports trading journals or custom chart studies, maintaining focus instead on their core functionalities. Despite differing in certain capabilities, both Robinhood and Tradier continue to appeal to their respective user bases with their unique offerings.

Feature Robinhood logoRobinhood
Tradier logoTradier
Web Trading Platform info Yes Yes
Desktop Trading Platform info No No info
Desktop Platform (Mac) info No No info
Paper Trading info No Yes
Watch Lists - Total Fields info 3 3
Charting - Indicators / Studies info 16 95
Charting - Drawing Tools info 23 0
Platforms & Tools 3/5 Stars 3.5/5 Stars

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

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Beginners and education

When comparing the educational resources provided by Robinhood and Tradier for beginner investors, Robinhood stands out as a more robust choice. Robinhood offers educational content on stocks, ETFs, and options, helping users gain insights into these investment types. Additionally, Robinhood enhances learning through webinars, offering interactive sessions that can be beneficial for beginners looking to deepen their understanding. Despite not providing resources on mutual funds or bonds and lacking educational quizzes or videos, Robinhood earns a respectable 3.5-star rating for education and ranks #10 out of 18 brokers in StockBrokers.com's rankings.

In contrast, Tradier falls short in providing comprehensive educational resources for novice investors. While Tradier does not offer specific educational content on stocks, ETFs, options, mutual funds, or bonds, it does provide paper trading, a practical feature for those interested in testing strategies in a risk-free environment. However, the absence of webinars and educational videos or quizzes means Tradier's educational offerings are limited. With a lower education rating of 2 stars, Tradier is ranked #17 out of 18 brokers by StockBrokers.com, highlighting the need for more extensive beginner education support.

Feature Robinhood logoRobinhood
Tradier logoTradier
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No Yes
Videos info No No
Webinars info Yes No
Education 3.5/5 Stars 2/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

In comparing the stock trading app capabilities of Robinhood and Tradier, Robinhood emerges as the more robust and user-friendly option. It supports apps for iPhone, Android, and Apple Watch, while Tradier lacks an Apple Watch app. Robinhood also provides mobile after-hours stock trading, superior charting features with six technical studies, and customizable watch list columns. These functionalities contribute to its superior rating of 4.5 stars, ranking it #9 among 18 brokers, compared to Tradier’s 4-star rating and #15 ranking.

Both Robinhood and Tradier offer mobile apps for iPhone and Android users, ensuring that traders have access regardless of their device. Features like mobile options trading and streaming quotes are available on both platforms, giving users the ability to stay updated with real-time market data. While neither platform supports streaming live TV or videos on demand, each allows the creation of custom watch lists. However, Robinhood enhances the user experience by offering additional customization options for watch list columns.

When it comes to technical charting capabilities, Robinhood takes a clear lead. It supports after-hours charting and provides the ability to view multiple time frames with six technical studies in its mobile app. Tradier, on the other hand, does not offer after-hours charting or any technical studies, which could be a limitation for more technically inclined traders. Additionally, neither Robinhood nor Tradier allows for landscape mode chart viewing or stock comparisons on charts, which may affect traders looking for more comprehensive charting options. However, Robinhood compensates with stock alerts, offering proactive updates that Tradier lacks.

Feature Robinhood logoRobinhood
Tradier logoTradier
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Stock Alerts info Yes No
Charting - After-Hours info Yes No
Charting - Technical Studies info 6 0
Mobile Trading Apps 4.5/5 Stars 4/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When evaluating online brokers Robinhood and Tradier, it's crucial to consider their account fees and charges to determine which platform aligns best with individual trading needs. Robinhood emerges as a cost-effective option, offering zero charges for a vast array of services, including stock trades, options contracts, and IRAs, with no minimum deposit required. On the other hand, while Tradier also has a $0 minimum deposit and free stock trades, it charges $0.35 per options contract and has additional fees for IRA services and account transfers. Therefore, for cost-conscious investors, particularly those engaging in options trading and margin investing, Robinhood may present a more affordable choice.

Both Robinhood and Tradier offer commission-free trading on regular stock transactions, attracting investors looking to minimize costs. However, options traders may find Robinhood more appealing, with its $0 per contract charge compared to Tradier's $0.35 per contract fee. Additionally, Tradier imposes fees for options exercises and assignments at $9.00 each, whereas Robinhood maintains a $0 fee structure for these services. This pricing model makes Robinhood a strong competitor for traders who frequently engage in options transactions.

Margin account holders will appreciate the competitive rates at Robinhood, especially for balances below $100,000, offering rates starting at 6.25%. In contrast, Tradier maintains a consistent rate of 9.5%, making Robinhood more attractive for those utilizing margin. Furthermore, IRA account holders will find Robinhood's lack of annual and closure fees advantageous over Tradier, which charges $30 and $60, respectively. However, investors considering account transfers will notice that Robinhood charges more for both partial and full ACAT transfers at $100, compared to Tradier's $75 fee. This consideration could be significant for those planning to move funds between brokers. Overall, Robinhood provides a more comprehensive zero-fee structure, ideal for those prioritizing lower costs in various trading activities.

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

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When comparing Robinhood and Tradier for day trading capabilities, both platforms exhibit several limitations. Neither Robinhood nor Tradier offer streaming time and sales for stocks or streaming live TV, which can be a setback for traders seeking real-time data and market news. Additionally, both platforms lack direct market routing for stocks and the advanced feature of order liquidity (maker/taker) rebates. For those interested in strategy development, neither offers basic or advanced strategy backtesting, nor do they provide a short locator tool for viewing real-time availability of shares to short.

Robinhood stands out with its ladder trading capability, a tool not available with Tradier. However, traders using either platform will find certain commonalities in what's missing. Both Robinhood and Tradier do not offer level 2 quotes or trading hotkeys for keyboard trade entry, which are crucial for high-frequency trading and quick execution of trades. For day traders prioritizing these specific features and tools, alternative platforms might better meet their needs.

Feature Robinhood logoRobinhood
Tradier logoTradier
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No info 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 for 2024

Market Research

Both Robinhood and Tradier provide essential market research capabilities for investors, though their offerings share similarities and divergences in certain areas. Investors seeking accessible stock and ETF research will find both platforms accommodating, as they support these research categories. However, neither Robinhood nor Tradier provides research for mutual funds or bonds, with Robinhood extending limited support for Pink Sheets/OTCBB research. Overall, both platforms earned a moderate rating of 2.5 stars for their market research offerings, as per StockBrokers.com, placing Robinhood at rank 14 and Tradier at rank 16 among 18 brokers.

When it comes to diversifying insights into portfolio allocation and leveraging social media sentiment data, both Robinhood and Tradier lack these features. Additionally, if ESG research aligns with your investment values, it is essential to note that neither platform currently offers this type of analytical support. Investors who rely on comprehensive research reports to guide their investment decisions will also face limitations, as neither Robinhood nor Tradier provides downloadable PDF research reports for stocks, ETFs, or mutual funds.

Robinhood edges slightly ahead with a unique offering: a stock screener designed to generate trade ideas, which does not have a counterpart on Tradier. Nevertheless, both platforms do not offer screeners for ETFs, mutual funds, or bonds, which may influence the decision-making process for some investors. In conclusion, both Robinhood and Tradier serve as adequate platforms for stock and ETF research, but prospective users should carefully consider their specific market research needs before choosing either platform.

Feature Robinhood logoRobinhood
Tradier logoTradier
Research - Stocks info Yes Yes
Screener - Stocks info Yes 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 2.5/5 Stars

Banking

When comparing the banking capabilities of Robinhood and Tradier, it's evident that neither platform offers traditional banking features like checking or savings accounts, nor do they provide credit cards or mortgage loans. However, Robinhood stands out by offering a debit card, while Tradier does not. Additionally, both Robinhood and Tradier lack the option for certificates of deposit (CDs), highlighting a focus on brokerage and investment services rather than comprehensive banking solutions. Potential users seeking full-service banking might look beyond these platforms, but Robinhood's debit card offers a slight advantage for those seeking limited transactional features.

Feature Robinhood logoRobinhood
Tradier logoTradier
Checking Accounts info No No
Savings Accounts info No No
Debit Cards info Yes No
Credit Cards info No No
Mortgage Loans info No No
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that Robinhood is better than Tradier. Robinhood finished with an overall score of 84.5%, while Tradier finished with a score of 77.0%.

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

FAQs

Can you trade cryptocurrency with Robinhood or Tradier?

When comparing online brokers, Robinhood distinguishes itself by offering crypto trading with access to 20 different coins, while Tradier does not provide any cryptocurrency trading options, maintaining a focus solely on other investment avenues.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does Robinhood or Tradier offer IRAs?

Both Robinhood and Tradier offer traditional and Roth IRA accounts, but Robinhood stands out by not charging any annual or closure fees, unlike Tradier, which imposes a $30 annual fee and a $60 closure fee for IRA accounts.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating Robinhood Tradier
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Customer Service N/A 3.5/5 Stars
Education 3.5/5 Stars 2/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review Tradier Review
Broker Screenshots Robinhood 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 Robinhood Tradier
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A
Mutual Fund Trade Fee N/A $30 info
Options (Per Contract) $0.00 $0.35 info
Futures (Per Contract) (Not offered) $1.50 info
Broker Assisted Trade Fee N/A $10
Margin Rates Robinhood Tradier
Margin Rate Under $25,000 6.25% 9.5%
Margin Rate $25,000 to $49,999.99 6.05% 9.5%
Margin Rate $50,000 to $99,999.99 5.8% 9.5%
Margin Rate $100,000 to $249,999.99 5.75% 9.5%
Margin Rate $250,000 to $499,999.99 5.75% 9.5%
Margin Rate $500,000 to $999,999.99 5.75% 9.5%
Margin Rate Above $1,000,000 5.5% 9.5%
Account Fees Robinhood Tradier
IRA Annual Fee $0.00 $30.00 info
IRA Closure Fee $0.00 $60.00
Account Transfer Out (Partial) info $100.00 $75.00
Account Transfer Out (Full) info $100.00 $75.00
Options Exercise Fee $0.00 $9.00
Options Assignment Fee $0.00 $9.00
Investment Options Robinhood Tradier
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes No
OTC Stocks info No No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info No Yes
Forex Trading info No No
Crypto Trading info Yes info No
Crypto Trading - Total Coins info 20 0
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 Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types Robinhood Tradier
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info Yes No
Order Type - OCO info No Yes
Order Type - OTO info No Yes
Order Type - Broker Assisted info No Yes
Beginners Robinhood Tradier
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes 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 Yes No
Paper Trading info No Yes
Videos info No No
Webinars info Yes No
Webinars (Archived) info No No
Progress Tracking info No No
Interactive Learning - Quizzes info No No
Stock Trading Apps Robinhood Tradier
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info Yes No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features Robinhood Tradier
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info Yes No
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting Robinhood Tradier
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info No No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 6 0
Charting - Study Customizations info Yes No
Charting - Stock Comparisons info No No
Trading Platforms Robinhood Tradier
Active Trading Platform info Robinhood Legend TradeHawk
Desktop Trading Platform info No No info
Desktop Platform (Mac) info No No info
Web Trading Platform info Yes Yes
Paper Trading info No Yes
Trade Journal info No No
Watch Lists - Total Fields info 3 3
Stock Chart Features Robinhood Tradier
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 16 95
Charting - Drawing Tools info 23 0
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes No
Charting - Historical Trades info No Yes
Charting - Corporate Events info No No
Charting - Custom Date Range info Yes No
Charting - Custom Time Bars info Yes No
Charting - Automated Analysis info No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 1 7
Charting - Custom Studies info No No
Day Trading Robinhood Tradier
Streaming Time & Sales info No No
Streaming TV info No No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No info 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 Robinhood Tradier
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info Yes No
Research - Bonds info No No
Screener - Stocks info Yes 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 Robinhood Tradier
Stock Research - PDF Reports info 0 info 0
Stock Research - Earnings info Yes No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes No
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research Robinhood Tradier
ETFs - Strategy Overview info Yes No
ETF Fund Facts - Inception Date info Yes No
ETF Fund Facts - Expense Ratio info Yes No
ETF Fund Facts - Net Assets info Yes No
ETF Fund Facts - Total Holdings info Yes No
ETFs - Top 10 Holdings info Yes No
ETFs - Sector Exposure info Yes No
ETFs - Risk Analysis info No No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No info No
Mutual Fund Research Robinhood Tradier
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 Robinhood Tradier
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 17 8
Option Chains - Greeks info 5 1
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info No No
Option Probability Analysis Adv info No No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info No No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking Robinhood Tradier
Bank (Member FDIC) info No No
Checking Accounts info No No
Savings Accounts info No No
Credit Cards info No No
Debit Cards info Yes No
Mortgage Loans info No No
Customer Service Robinhood Tradier
Phone Support (Prospect Customers) info No Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info No No
Live Chat (Current Customers) info Yes No
24/7 Support info Yes No
Overall Robinhood Tradier
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4/5 Stars
Platforms & Tools 3/5 Stars 3.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Education 3.5/5 Stars 2/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review Tradier Review
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