tastytrade vs Tradier 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.
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.
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
|
Tradier
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | Yes |
Fractional Shares | Yes | No |
OTC Stocks | No | No |
Mutual Funds | No | Yes |
Options Trading | Yes | Yes |
Futures Trading | Yes | Yes |
Crypto Trading | Yes | No |
Crypto Trading - Total Coins | 4 | 0 |
Investment Options |
Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024
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
|
Tradier
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | Yes |
Watch Lists - Total Fields | 33 | 3 |
Charting - Indicators / Studies | 308 | 95 |
Charting - Drawing Tools | 31 | 0 |
Platforms & Tools |
Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024
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
|
Tradier
|
---|---|---|
Education (Stocks) | Yes | No |
Education (ETFs) | Yes | No |
Education (Options) | Yes | No |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | No | Yes |
Videos | No | No |
Webinars | Yes | No |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
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
|
Tradier
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 0 | 0 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps for 2024
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
|
Tradier
|
---|---|---|
Minimum Deposit | $0.00 | $0.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.35 |
Options Exercise Fee | $5.00 | $9.00 |
Options Assignment Fee | $5.00 | $9.00 |
IRA Annual Fee | $0.00 | $30.00 |
IRA Closure Fee | $60.00 | $60.00 |
Commissions & Fees |
Dive deeper: Best Free Trading Platforms for 2024
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
|
Tradier
|
---|---|---|
Streaming Time & Sales | No | No |
Streaming TV | Yes | 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 | Yes | No |
Dive deeper: Best Day Trading Platforms for 2024
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
|
Tradier
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | No | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
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
|
Tradier
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | 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 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.
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
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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0 of 5Overall Rating | tastytrade | Tradier | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | |||
Education | |||
Ease Of Use | |||
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) | N/A | N/A | |
Mutual Fund Trade Fee | N/A | $30 | |
Options (Per Contract) | $0.50 | $0.35 | |
Futures (Per Contract) | $1.25 | $1.50 | |
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 | |
IRA Closure Fee | $60.00 | $60.00 | |
Account Transfer Out (Partial) | $75.00 | $75.00 | |
Account Transfer Out (Full) | $75.00 | $75.00 | |
Options Exercise Fee | $5.00 | $9.00 | |
Options Assignment Fee | $5.00 | $9.00 |
Investment Options | tastytrade | Tradier | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | Yes | |
Fractional Shares | Yes | No | |
OTC Stocks | No | No | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 4 | |
Futures Trading | Yes | Yes | |
Forex Trading | No | No | |
Crypto Trading | Yes | No | |
Crypto Trading - Total Coins | 4 | 0 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 0 | |
Bonds (US Treasury) | No | No | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | Yes | |
Roth IRAs | Yes | Yes | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | tastytrade | 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 | Yes | Yes | |
Order Type - OTO | Yes | Yes | |
Order Type - Broker Assisted | Yes | Yes |
Beginners | tastytrade | Tradier | |
---|---|---|---|
Education (Stocks) | Yes | No | |
Education (ETFs) | Yes | No | |
Education (Options) | Yes | No | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | No | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | No | |
Paper Trading | No | Yes | |
Videos | No | No | |
Webinars | Yes | No | |
Webinars (Archived) | Yes | No | |
Progress Tracking | Yes | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | tastytrade | 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 | Yes | No |
Stock App Features | tastytrade | 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) | Yes | No | |
Watch Lists - Create & Manage | Yes | Yes | |
Watch Lists - Column Customization | Yes | No |
Stock App Charting | tastytrade | Tradier | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 0 | |
Charting - Study Customizations | No | No | |
Charting - Stock Comparisons | No | No |
Trading Platforms | tastytrade | Tradier | |
---|---|---|---|
Active Trading Platform | tastytrade | TradeHawk | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | Yes | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 3 |
Stock Chart Features | tastytrade | Tradier | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 308 | 95 | |
Charting - Drawing Tools | 31 | 0 | |
Charting - Notes | Yes | Yes | |
Charting - Index Overlays | Yes | No | |
Charting - Historical Trades | Yes | Yes | |
Charting - Corporate Events | Yes | No | |
Charting - Custom Date Range | No | No | |
Charting - Custom Time Bars | No | No | |
Charting - Automated Analysis | No | No | |
Charting - Save Profiles | Yes | No | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 7 | 7 | |
Charting - Custom Studies | Yes | No |
Day Trading | tastytrade | Tradier | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | Tradier | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | No | |
Research - Bonds | No | No | |
Screener - Stocks | No | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | tastytrade | Tradier | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | No | |
Stock Research - Insiders | No | No | |
Stock Research - Social | No | No | |
Stock Research - News | Yes | No | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | tastytrade | Tradier | |
---|---|---|---|
ETFs - Strategy Overview | No | No | |
ETF Fund Facts - Inception Date | No | No | |
ETF Fund Facts - Expense Ratio | No | No | |
ETF Fund Facts - Net Assets | No | No | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | No | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | Tradier | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | tastytrade | Tradier | |
---|---|---|---|
Option Chains - Basic View | Yes | Yes | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 20 | 8 | |
Option Chains - Greeks | 5 | 1 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | No | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | Yes | No | |
Option Positions - Greeks | Yes | No | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | tastytrade | Tradier | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | No | |
Mortgage Loans | No | No |
Customer Service | tastytrade | Tradier | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | Yes | |
Phone Support (Current Customers) | Yes | Yes | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | Yes | No | |
Live Chat (Current Customers) | Yes | No | |
24/7 Support | No | No |
Overall | tastytrade | Tradier | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Tradier Review |