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tastytrade vs Tradier 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

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

tastytrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50 info
Tradier
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.35 info

Investment options

When evaluating online brokers, both tastytrade and Tradier offer robust platforms with varied investment options, each earning a solid rating of four stars for their investment offerings. While tastytrade is ranked #11 and Tradier #13 by StockBrokers.com for Investment Options among 18 brokers, each brings its own strengths to the table depending on the investor’s preferences and needs.

Tastytrade provides a wide range of investment choices that include stocks, margin trading, fractional shares, options, futures, and a selection of four cryptocurrencies. This makes tastytrade an excellent option for traders interested in modern and diverse trading products. However, tastytrade does not offer mutual funds or OTC stocks, which could be seen as a limitation for some investors.

Tradier, on the other hand, provides a more traditional range of investment options including stocks, margin trading, and options, along with the added benefit of mutual fund trading—a feature not available with tastytrade. However, Tradier does not offer fractional shares or cryptocurrency trading, which may not appeal to investors looking for these specific features. Both brokers support traditional and Roth IRA accounts and do not offer advisor services.

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

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

Trading platforms and tools

In comparing the trading platforms and tools of tastytrade and Tradier, tastytrade emerges as the more versatile and comprehensive option. With a user-friendly interface, tastytrade provides downloadable platforms for both Windows and Mac, while Tradier lacks these desktop applications entirely. Additionally, tastytrade’s sophisticated charting tools, abundant technical indicators, and numerous drawing tools cater to more advanced traders. Despite offering a robust browser-based platform like Tradier, tastytrade's superior customization options and the ability to adjust open orders directly on a stock chart set it apart, culminating in a remarkable 4.5-star rating from users compared to Tradier's 3.5 stars.

When examining the features offered, tastytrade stands out with 308 technical indicators and 31 drawing tools, compared to Tradier's 95 indicators and complete absence of drawing tools. Both platforms enable chart annotation and historical trades visualization, but tastytrade outshines Tradier with its ability to incorporate index overlays and display corporate events on charts. Notably, tastytrade users can save multiple chart profiles, enhancing their personalized trading experience. In contrast, Tradier users face limitations in these areas, lacking index overlays and the ability to save profile configurations.

While both tastytrade and Tradier offer browser-based platforms, tastytrade provides a broader range of features, especially in charting and order management. The platform's capability to facilitate open order adjustments on the chart and the provision of custom studies add to its advanced functionality. However, Tradier attracts new traders with paper trading capabilities, which tastytrade lacks. Despite this, tastytrade’s overall ranking as the sixth-best trading platform by StockBrokers.com places it well ahead of Tradier, which is ranked tenth, confirming tastytrade's edge in trading platforms and tools for seasoned investors.

Feature tastytrade logotastytrade
Tradier logoTradier
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No info
Desktop Platform (Mac) info Yes No info
Paper Trading info No Yes
Watch Lists - Total Fields info 33 3
Charting - Indicators / Studies info 308 95
Charting - Drawing Tools info 31 0
Platforms & Tools 4.5/5 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 it comes to beginner and investor education, tastytrade stands out as a more robust platform compared to Tradier. Tastytrade excels in providing comprehensive education on stocks, ETFs, and options, offering an extensive suite of webinars to enhance learning. Furthermore, users can track their educational progress, enabling a tailored learning experience. On the other hand, Tradier lacks in offering specific educational content for stocks, ETFs, or options and does not provide webinars or progress tracking. However, Tradier does feature a valuable paper trading option, which can be a significant tool for beginners looking to practice trading strategies without financial risk.

StockBrokers.com rates tastytrade with 4 out of 5 stars for its educational offerings, positioning it as the 8th out of 18 brokers assessed. In contrast, Tradier receives a lower rating of 2 stars and ranks 17th. These ratings reflect tastytrade's stronger commitment to investor education, making it a more appealing choice for novice investors seeking educational resources. While both platforms have their merits, tastytrade clearly provides a more comprehensive and structured educational environment for beginners.

Feature tastytrade logotastytrade
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 4/5 Stars 2/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

In the realm of mobile stock trading apps, both tastytrade and Tradier cater effectively to iPhone and Android users, providing functional and user-friendly platforms. However, tastytrade edges ahead with a higher rating of 4.5 stars, compared to Tradier's 4 stars. This distinction is also reflected in their rankings, with tastytrade positioned at 10th out of 18 brokers by StockBrokers.com, while Tradier trails at the 15th spot. For traders prioritizing charting and customization, tastytrade offers enhanced capabilities such as after-hours charting, customization of watch list columns, and viewing charts in landscape mode, whereas Tradier lacks these options.

Both brokers support mobile options trading and streaming quotes, ensuring that users have access to real-time data and trading flexibility. However, neither platform provides support for Apple Watch apps, streaming live TV, or on-demand video content. Additionally, both brands do not offer stock alerts, which may be a consideration for traders seeking real-time updates and notifications.

For users interested in customizing their trading experience, tastytrade stands out by allowing the customization of watch list columns and offering chart viewing options, including multiple time frames and landscape mode, which Tradier does not support. Yet, both platforms are evenly matched when it comes to the number of technical studies available, offering none in their mobile applications. Ultimately, while tastytrade offers more robust features and higher ratings, the choice between tastytrade and Tradier will depend on individual preferences and trading priorities.

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

Dive deeper: Best Stock Trading Apps for 2024

Fees

When choosing between tastytrade and Tradier, investors may find that the decision hinges on specific needs and preferences. Particularly, both brokers offer compelling pricing structures with no minimum deposit requirements and commission-free stock trading, but differences become apparent in options trading and margin rates. Tradier generally offers lower fees for options contracts and margin rates, which may appeal to frequent options traders. On the other hand, tastytrade provides advantages such as no annual fees for IRAs, making it potentially more appealing for retirement savers.

Tastytrade and Tradier both maintain a $0 minimum deposit, offering an accessible entry for new investors. Stock trades are commission-free with both brokers, maintaining a low-cost trading environment. However, Tradier takes the lead in options trading, charging $0.35 per contract compared to tastytrade's $0.50, which could provide significant savings for active options traders.

In considering margin rates, Tradier again edges out with a more competitive offering, particularly for balances below $100,000. However, tastytrade excels with its $0 fee for IRA maintenance, a contrast to Tradier's $30 annual fee. Both brokerages charge identical fees for account transfers and IRA closures, but tastytrade offers lower options exercise and assignment fees at $5.00, compared to Tradier's $9.00, enhancing its cost-effectiveness for option traders needing frequent assignments or exercises.

Feature tastytrade logotastytrade
Tradier logoTradier
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.50 info $0.35 info
Options Exercise Fee $5.00 $9.00
Options Assignment Fee $5.00 $9.00
IRA Annual Fee $0.00 $30.00 info
IRA Closure Fee $60.00 $60.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When evaluating tastytrade and Tradier for day trading, it's clear that both brokers have unique offerings to consider. Tastytrade shines with its inclusion of streaming live TV, a feature absent in Tradier, providing traders with potentially valuable real-time news and analysis. Furthermore, tastytrade offers ladder trading and a short locator tool that allows customers to view the real-time availability of shares available for shorting—a distinct advantage over Tradier. However, both platforms share limitations, such as the absence of streaming time and sales, direct market routing, and trading hotkeys, which might be critical for more active day traders.

In terms of analytical tools and order efficiency, neither tastytrade nor Tradier offers level 2 quotes or strategy backtesting, whether basic or advanced, which might be a significant drawback for traders looking to implement complex trading strategies. Both brokers also lack order liquidity rebates, potentially impacting transaction costs for high-frequency traders. Therefore, while tastytrade may appeal to traders who value live streamed content and short selling insights, both platforms exhibit limitations that may influence the trading experience for those seeking comprehensive day trading capabilities.

Feature tastytrade logotastytrade
Tradier logoTradier
Streaming Time & Sales info No No
Streaming TV info Yes 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 Yes No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When it comes to market research capabilities, both tastytrade and Tradier offer a comparable range of services, yet they receive mixed reviews. While both platforms provide stock and ETF research, they lack mutual funds, bonds, and OTCBB research options. This similarity extends to their limitation in not offering downloadable PDF research reports, screeners for trade ideas, or ESG and social media sentiment data. Overall, both platforms have received a rating of 2.5 stars for market research, with tastytrade ranked slightly higher than Tradier in the StockBrokers.com comparison, positioned at #13 versus Tradier's #16 out of 18 brokers.

In terms of specific offerings, tastytrade distinguishes itself by providing portfolio allocation insights by asset class, a feature Tradier lacks. However, neither platform excels in providing comprehensive research tools, such as stock screeners or downloadable reports, which can be a consideration for users seeking in-depth market analysis capabilities. Despite these limitations, both brokers maintain a standard suite of research tools for basic equity and ETF analysis, serving adequately for traders with moderate research needs.

The overall market research feature set for both tastytrade and Tradier highlights room for growth, particularly in advanced research tools and diverse asset class analysis. Both brokers are positioned as adequate choices for investors looking for basic functionalities, though those in search of more sophisticated research and screening tools may need to look elsewhere. Their current offerings reflect a service tailored to fundamental, rather than advanced, trading needs.

Feature tastytrade logotastytrade
Tradier logoTradier
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 2.5/5 Stars

Banking

When it comes to banking capabilities, both tastytrade and Tradier fall short, offering none of the traditional banking services that some might expect from financial service providers. Neither tastytrade nor Tradier provide checking or savings accounts, making them unsuitable for those seeking everyday banking solutions. Additionally, they do not issue debit or credit cards, limiting convenient access to cash or credit through their platforms. For those interested in more structured savings options, neither broker offers certificates of deposit (CDs). Furthermore, both tastytrade and Tradier lack mortgage loan services, meaning they are not options for individuals looking to finance a home. Overall, tastytrade and Tradier remain focused on their core brokerage services, and those in need of comprehensive banking should consider other financial institutions.

Feature tastytrade logotastytrade
Tradier logoTradier
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 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 tastytrade is better than Tradier. tastytrade finished with an overall score of 84.9%, while Tradier finished with a score of 77.0%.

tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that makes you feel like you’re on a trading desk.

FAQs

Can you trade cryptocurrency with tastytrade or Tradier?

When comparing online brokers, tastytrade stands out with its offering of crypto trading, providing access to four different coins, while Tradier does not support cryptocurrency trading at all.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does tastytrade or Tradier offer IRAs?

Both tastytrade and Tradier offer traditional and Roth IRA accounts, with tastytrade having a $0 annual fee while Tradier charges $30. However, both brokers impose a $60 closure fee for IRA accounts.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating tastytrade Tradier
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 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 4.0/5 Stars 3.5/5 Stars
Education 4/5 Stars 2/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review tastytrade Review Tradier Review
Broker Screenshots tastytrade 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 tastytrade 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 info $30 info
Options (Per Contract) $0.50 info $0.35 info
Futures (Per Contract) $1.25 $1.50 info
Broker Assisted Trade Fee $0 $10
Margin Rates tastytrade Tradier
Margin Rate Under $25,000 11% 9.5%
Margin Rate $25,000 to $49,999.99 10.5% 9.5%
Margin Rate $50,000 to $99,999.99 10% 9.5%
Margin Rate $100,000 to $249,999.99 9.5% 9.5%
Margin Rate $250,000 to $499,999.99 9% 9.5%
Margin Rate $500,000 to $999,999.99 8.5% 9.5%
Margin Rate Above $1,000,000 8% 9.5%
Account Fees tastytrade Tradier
IRA Annual Fee $0.00 $30.00 info
IRA Closure Fee $60.00 $60.00
Account Transfer Out (Partial) info $75.00 $75.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $5.00 $9.00
Options Assignment Fee $5.00 $9.00
Investment Options tastytrade Tradier
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes info No
OTC Stocks info No No
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes Yes
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 4 0
Mutual Funds (No Load) info 0 0
Mutual Funds (Total) info 0 0
Bonds (US Treasury) info No info 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 tastytrade 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 No No
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners tastytrade 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 Yes No
Progress Tracking info Yes No
Interactive Learning - Quizzes info No No
Stock Trading Apps tastytrade Tradier
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 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 tastytrade Tradier
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No 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 tastytrade Tradier
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 0
Charting - Study Customizations info No No
Charting - Stock Comparisons info No No
Trading Platforms tastytrade Tradier
Active Trading Platform info tastytrade TradeHawk
Desktop Trading Platform info Yes No info
Desktop Platform (Mac) info Yes No info
Web Trading Platform info Yes Yes
Paper Trading info No Yes
Trade Journal info No No
Watch Lists - Total Fields info 33 3
Stock Chart Features tastytrade Tradier
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 308 95
Charting - Drawing Tools info 31 0
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes No
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes 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 Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 7 7
Charting - Custom Studies info Yes No
Day Trading tastytrade Tradier
Streaming Time & Sales info No No
Streaming TV info Yes No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes 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 Yes No
Order Liquidity Rebates info No No
Research Overview tastytrade Tradier
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 Yes No
Stock Research tastytrade Tradier
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No 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 tastytrade Tradier
ETFs - Strategy Overview info No No
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 Yes No
ETFs - Ratings info No No
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research tastytrade 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 tastytrade 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 20 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 Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking tastytrade 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 No No
Mortgage Loans info No No
Customer Service tastytrade Tradier
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No No
Overall tastytrade Tradier
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 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 4/5 Stars 2/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review tastytrade Review Tradier Review
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