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eToroTradier Review
Written by Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Reviewed by Blain Reinkensmeyer
If you are looking for a broker that can execute trades from a third-party or custom-built trading platform, Tradier is a sensible choice. Tradier can link to dozens of third-party applications. You may also use Tradier directly via a mobile app, a web portal or its proprietary TradeHawk desktop platform.
-
Minimum Deposit:
$0.00 -
Stock Trades:
$0.00 -
Options (Per Contract):
$0.35
Pros & Cons
Pros
- Power traders can choose from an immense variety of compatible platforms.
- Tradier’s web-based Dash trading portal has good charting, sophisticated order types such as OTO and OTOCO and snappy responsiveness.
- U.S. citizens and permanent residents can open accounts from 120 countries.
Cons
- Tradier doesn’t offer cryptocurrencies (though that may change shortly) or OTCBB stocks.
- Mutual funds and fixed income orders require a phone call to the trading desk.
- Third-party apps can add to your overall cost.
- Tradier’s base pricing plan has inactivity and IRA fees.
Overall Summary
| Feature |
Tradier
|
|---|---|
| Overall |
|
| Investment Options |
|
| Commissions & Fees |
|
| Mobile Trading Apps |
|
| Platforms & Tools |
|
| Research |
|
| Customer Service |
|
| Education |
|
| Ease Of Use |
|
Investment options
This is a broker for traders interested in stocks, ETFs and options. Mutual fund and fixed income orders require phoning in to the trading desk. Those looking for the full gamut of investing instruments should check out competitors like Interactive Brokers or Charles Schwab.
Cryptocurrency: As of our review (June 2023), Tradier has a waitlist for access to crypto. Details at present are vague.
Retirement services: Tradier’s IRAs carry annual fees of $30, which is waived with a Pro subscription. There’s a $60 fee if you close an IRA account.
| Feature |
Tradier
|
|---|---|
| Stock Trading | Yes |
| Margin Trading | Yes |
| Fractional Shares | No |
| OTC Stocks | No |
| Options Trading | Yes |
| Complex Options Max Legs | 4 |
| Bonds (US Treasury) | No |
| Futures Trading | No |
| Forex Trading | No |
| Mutual Funds (Total) | 0 |
| Crypto Trading | No |
| Crypto Trading - Total Coins | 0 |
| Traditional IRAs | Yes |
| Roth IRAs | Yes |
| Advisor Services | No |
Commissions and fees
Tradier Brokerage doesn’t charge commissions on stock or ETF trades. While most brokers charge $0.65 per contract for options trades, Tradier charges only $0.35, or $0 with a $10 monthly subscription for the Pro tier.
Other fees: Mutual fund trades cost $30. As with all brokers, there are some incidental fees: $10 for a broker-assisted trade and $9 for an options exercise or assignment. If you don’t subscribe to the Pro plan, there’s a $50 annual inactivity fee for accounts under $2,000 and less than two trades in a year.
Third-party trading platforms have separate pricing, which will add to your costs.
| Feature |
Tradier
|
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Penny Stock Fees (OTC) | N/A |
| ETF Trade Fee | $0.00 |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.35 |
| Options Exercise Fee | $9.00 |
| Options Assignment Fee | $9.00 |
| Futures (Per Contract) | (Not offered) |
| Mutual Fund Trade Fee | $30 |
| Broker Assisted Trade Fee | $10 |
Mobile trading apps
The app is straightforward and loads pages quickly, but it trails the competition in functionality, especially given that the company aims at the advanced trader. Mobile charts are just OK and the tools are basic.
Ease of use: The mobile app is easy to use because it’s stripped down to the essentials. The ease of building multi-leg trades is one of the best features of the app.
News feed: The news feed seems vastly improved compared to our last analysis, when it was cluttered with irrelevant content. This time around, the articles were spot on.
Charting: Charting on mobile is not as advanced as what I found at many of Tradier’s competitors. You can change the time frame and toggle between a couple of chart types, but you can’t zoom or scroll. There are no indicators to add.
Trading tools: The app provides more broad market data than the website. It displays sector performance, most actives, biggest gainers and losers and, interestingly enough, an IPO calendar, which really could be swapped for a more useful widget.
Option chains on mobile offer the basics and calls and puts are listed separately. You can build multi-leg options trades easily, which I find to be one of the best features of the app.
| Feature |
Tradier
|
|---|---|
| iPhone App | Yes |
| Android App | Yes |
| Apple Watch App | No |
| Stock Alerts | No |
| Charting - After-Hours | No |
| Charting - Technical Studies | 0 |
| Charting - Study Customizations | No |
| Watch List (Streaming) | No |
| Watch Lists - Create & Manage | Yes |
| Watch Lists - Column Customization | No |
Other trading platforms and tools
The real value of Tradier Brokerage is its ability to link out to a variety of trading platforms. With around 100 third-party platforms supporting Tradier integration, every trader should be able to find the perfect platform for their needs.
Platforms overview: The browser-based Dash trading platform is simple but effective for stocks, ETFs and basic options trading. The research tab pulls up a comprehensive chart package, ratings widgets, and some fundamental data. All of the widgets come from TradingView, a respected third party used by many brokers.
Tradier’s designers seem to prioritize responsiveness over snazzy design and extensive features. Though the absence of many common features may have negatively impacted our review scores, we still think Dash serves as a fine backup in case a primary trading platform goes down.
A Pro subscription includes access to the proprietary TradeHawk platform. I wasn’t over the moon about it. I experienced a puzzling bug on the Mac version that zoomed charts out regardless of whether scrolling up or down on the mouse.
Watch lists: Watch lists are probably the most frequently used broker widget, and it was surprising how little information Dash puts on its watch list. The Dash watch list only has three data points: last price, the daily price change and the daily percent change.
Charting: Charting on the website is quite good. There’s a solid library of studies and drawing tools. Many brokers think it sufficient to offer a choice between candlestick, bar, mountain, and line charts. Tradier offers 17 chart types, including point-and-figure and Kagi charts.
Trading tools: Trading tools on the website are simple but effective for stock, ETF and options trading. The trade ticket allows for building a variety of multi-leg strategies, with a maximum of four legs, a common limit among options brokers.
Options trading: The options chains are not customizable, other than changing the number of strikes and adding or changing an expiration date. I would like for the website to display more than two expiration dates.
| Feature |
Tradier
|
|---|---|
| Active Trading Platform | TradeHawk |
| Desktop Trading Platform | No |
| Desktop Platform (Mac) | No |
| Web Trading Platform | Yes |
| Paper Trading | Yes |
| Trade Journal | No |
| Watch Lists - Total Fields | 3 |
| Charting - Indicators / Studies | 95 |
| Charting - Drawing Tools | 0 |
| Charting - Study Customizations | 7 |
| Charting - Save Profiles | No |
| Trade Ideas - Technical Analysis | No |
| Streaming Time & Sales | No |
| Trade Ideas - Backtesting | No |
Research
Tradier Brokerage’s research includes an overview of the stock, a listing of financial metrics, a news feed and a technical analysis rating for different time periods. Third-party research PDFs and earnings consensus information are notably missing.
Stock research: There is a description of the stock, basic fundamental data and a technical rating. It’s unclear what factors drive the technical rating, which makes me reluctant to rely on it.
Market commentary: Tradier has a compelling mix of market commentary on its blog. I think it needs to be displayed more prominently. Some posts are high-quality (the Tradier-authored posts are excellent) and some guest contributions aren't, but a brief skim through recent blog posts will leave you with solid insights and food for thought.
| Feature |
Tradier
|
|---|---|
| Research - Stocks | Yes |
| Stock Research - ESG | No |
| Stock Research - PDF Reports | 0 |
| Screener - Stocks | No |
| Research - ETFs | Yes |
| Screener - ETFs | No |
| Research - Mutual Funds | No |
| Screener - Mutual Funds | No |
| Research - Pink Sheets / OTCBB | No |
| Research - Bonds | No |
Education
Tradier’s education is geared toward experienced traders, which isn’t surprising given its focus on partnering with third-party trading platforms. While browsing the list of webinars available on Tradier’s OptionsBrewTV YouTube channel, I found educational content on Tradier on sophisticated topics such as “Learning About the Sub-Greek Vanna in Options Trading.” That was new to me; the only Vanna I was aware of turns letter cubes on a game show.
Many other brokers are making great strides in beginning investor education these days. If you want robust educational content, consider Fidelity, Charles Schwab and, for advanced traders, Interactive Brokers.
| Feature |
Tradier
|
|---|---|
| Education (Stocks) | No |
| Education (ETFs) | No |
| Education (Options) | No |
| Education (Mutual Funds) | No |
| Education (Bonds) | No |
| Education (Retirement) | No |
| Paper Trading | Yes |
| Videos | No |
| Webinars | No |
| Webinars (Archived) | No |
| Progress Tracking | No |
| Interactive Learning - Quizzes | No |
Customer service
To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 135 customer service tests were conducted over six weeks, with wait times logged for each call.
Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for Tradier.
- Average Connection Time: <1 minute
- Average Net Promoter Score: 7.2 / 10
- Average Professionalism Score: 5.4 / 10
- Overall Score: 6.93 / 10
- Ranking: 11th of 13 brokers
Final thoughts
Tradier Brokerage appears to be targeting a very specific audience: advanced stock, ETF and options traders who are using third party platforms. If you fall into this category, Tradier is a solid choice. If you don’t, there are plenty of other brokers that offer the tools and instruments you are looking for. We offer guides and a comparison tool that can help you narrow down your choices.
Here are our top takeaways for Tradier for 2024.
- Beginner traders who are still building skills will find a better fit with an industry leader like Fidelity or E*TRADE.
- It’s likely that you’re considering Tradier in conjunction with a third party trading app. On that basis, Tradier is perfectly fine.
Is Tradier a brokerage?
Yes, Tradier is a registered broker that trades stocks, exchange-traded funds and options. Our research found that it could be an appealing choice for active traders looking to use their own programming skills or those looking for a specific trading platform.
Can you trade crypto on Tradier?
No, you can not currently trade physical cryptocurrency directly on Tradier, although it does now offer Bitcoin ETFs for index investment into the asset class. Tradier has mentioned that they are actively investigating whether to grow into the crypto segment, but are currently in a "wait-and-see" position until its regulatory status is more clear.
Does Tradier have an app?
Yes, Tradier has a mobile app. The app isn’t as feature-laden as many of Tradier’s competitors, but it is very responsive.
How much does Tradier cost?
Tradier does not charge commissions for stocks and ETFs. There are two price plans. The base plan has no monthly charge and relatively low priced options trading. IRA accounts do carry an annual fee. Frequent options traders might find their Pro plan to be cost effective. The $10 per month plan waives options commissions and some other fees.
How does Tradier make money?
Tradier does not charge commissions on stock and ETF trades. Instead, exchanges and other parties pay Tradier to execute customers’ trades, a common practice called payment for order flow (PFOF). Tradier also offers margin lending and charges incidental fees.
Does Tradier have paper trading?
Yes, Tradier provides a virtual portfolio that can be accessed on the account tab. Paper, or virtual, trading can be a useful tool for learning about buying and selling stocks.
About Tradier
Tradier, Inc., is a cloud-based financial services provider and brokerage API company. The company’s platform services providers, advisors, developers and individual investors. It was founded in 2012 in North Carolina.
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Tradier fees and features data
The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.
In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.
Trading fees
| Feature |
Tradier
|
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Mutual Fund Trade Fee | $30 |
| Options (Base Fee) | $0.00 |
| Options (Per Contract) | $0.35 |
| Futures (Per Contract) | (Not offered) |
| Broker Assisted Trade Fee | $10 |
Account fees
| Feature |
Tradier
|
|---|---|
| IRA Annual Fee | $30.00 |
| IRA Closure Fee | $60.00 |
| Account Transfer Out (Partial) | $75.00 |
| Account Transfer Out (Full) | $75.00 |
| Options Exercise Fee | $9.00 |
| Options Assignment Fee | $9.00 |
Margin rates
| Feature |
Tradier
|
|---|---|
| Margin Rate Under $25,000 | 9.5% |
| Margin Rate $25,000 to $49,999.99 | 9.5% |
| Margin Rate $50,000 to $99,999.99 | 9.5% |
| Margin Rate $100,000 to $249,999.99 | 9.5% |
| Margin Rate $250,000 to $499,999.99 | 9.5% |
| Margin Rate $500,000 to $999,999.99 | 9.5% |
| Margin Rate Above $1,000,000 | 9.5% |
Investment options
| Feature |
Tradier
|
|---|---|
| Stock Trading | Yes |
| Margin Trading | Yes |
| Fractional Shares | No |
| OTC Stocks | No |
| Options Trading | Yes |
| Complex Options Max Legs | 4 |
| Futures Trading | No |
| Forex Trading | No |
| Crypto Trading | No |
| Crypto Trading - Total Coins | 0 |
| Mutual Funds (No Load) | 0 |
| Mutual Funds (Total) | 0 |
| Bonds (US Treasury) | No |
| Bonds (Corporate) | No |
| Bonds (Municipal) | No |
| Advisor Services | No |
| International Countries (Stocks) | 0 |
Order types
| Feature |
Tradier
|
|---|---|
| Order Type - Market | Yes |
| Order Type - Limit | Yes |
| Order Type - After Hours | Yes |
| Order Type - Stop | Yes |
| Order Type - Trailing Stop | No |
| Order Type - OCO | Yes |
| Order Type - OTO | Yes |
| Order Type - Broker Assisted | Yes |
Beginners
| Feature |
Tradier
|
|---|---|
| Education (Stocks) | No |
| Education (ETFs) | No |
| Education (Options) | No |
| Education (Mutual Funds) | No |
| Education (Bonds) | No |
| Education (Retirement) | No |
| Retirement Calculator | No |
| Investor Dictionary | No |
| Paper Trading | Yes |
| Videos | No |
| Webinars | No |
| Webinars (Archived) | No |
| Progress Tracking | No |
| Interactive Learning - Quizzes | No |
Stock trading apps
| Feature |
Tradier
|
|---|---|
| iPhone App | Yes |
| Android App | Yes |
| Apple Watch App | No |
| Trading - Stocks | Yes |
| Trading - After-Hours | Yes |
| Trading - Simple Options | Yes |
| Trading - Complex Options | Yes |
| Order Ticket RT Quotes | Yes |
| Order Ticket SRT Quotes | No |
Stock app features
| Feature |
Tradier
|
|---|---|
| Market Movers (Top Gainers) | Yes |
| Stream Live TV | No |
| Videos on Demand | No |
| Stock Alerts | No |
| Option Chains Viewable | Yes |
| Watch List (Real-time) | Yes |
| Watch List (Streaming) | No |
| Watch Lists - Create & Manage | Yes |
| Watch Lists - Column Customization | No |
| Watch Lists - Total Fields | 3 |
Stock app charting
| Feature |
Tradier
|
|---|---|
| Charting - After-Hours | No |
| Charting - Can Turn Horizontally | No |
| Charting - Multiple Time Frames | Yes |
| Charting - Technical Studies | 0 |
| Charting - Study Customizations | No |
| Charting - Stock Comparisons | No |
Trading platforms overview
| Feature |
Tradier
|
|---|---|
| Active Trading Platform | TradeHawk |
| Desktop Trading Platform | No |
| Desktop Platform (Mac) | No |
| Web Trading Platform | Yes |
| Paper Trading | Yes |
| Trade Journal | No |
| Watch Lists - Total Fields | 3 |
Trading platform stock chart features
| Feature |
Tradier
|
|---|---|
| Charting - Adjust Trades on Chart | No |
| Charting - Indicators / Studies | 95 |
| Charting - Drawing Tools | 0 |
| Charting - Notes | Yes |
| Charting - Index Overlays | No |
| Charting - Historical Trades | Yes |
| Charting - Corporate Events | No |
| Charting - Custom Date Range | No |
| Charting - Custom Time Bars | No |
| Charting - Automated Analysis | No |
| Charting - Save Profiles | No |
| Trade Ideas - Technical Analysis | No |
| Charting - Study Customizations | 7 |
| Charting - Custom Studies | No |
Day trading features
| Feature |
Tradier
|
|---|---|
| Streaming Time & Sales | No |
| Streaming TV | No |
| Direct Market Routing - Stocks | No |
| Ladder Trading | No |
| Trade Hotkeys | No |
| Level 2 Quotes - Stocks | No |
| Trade Ideas - Backtesting | No |
| Trade Ideas - Backtesting Adv | No |
| Short Locator | No |
| Order Liquidity Rebates | No |
Investment research overview
| Feature |
Tradier
|
|---|---|
| Research - Stocks | Yes |
| Research - ETFs | Yes |
| Research - Mutual Funds | No |
| Research - Pink Sheets / OTCBB | No |
| Research - Bonds | No |
| Screener - Stocks | No |
| Screener - ETFs | No |
| Screener - Mutual Funds | No |
| Screener - Bonds | No |
| Misc - Portfolio Allocation | No |
Stock research features
| Feature |
Tradier
|
|---|---|
| Stock Research - PDF Reports | 0 |
| Stock Research - Earnings | No |
| Stock Research - Insiders | No |
| Stock Research - Social | No |
| Stock Research - News | No |
| Stock Research - ESG | No |
| Stock Research - SEC Filings | No |
ETF research features
| Feature |
Tradier
|
|---|---|
| ETFs - Strategy Overview | No |
| ETF Fund Facts - Inception Date | No |
| ETF Fund Facts - Expense Ratio | No |
| ETF Fund Facts - Net Assets | No |
| ETF Fund Facts - Total Holdings | No |
| ETFs - Top 10 Holdings | No |
| ETFs - Sector Exposure | No |
| ETFs - Risk Analysis | No |
| ETFs - Ratings | No |
| ETFs - Morningstar StyleMap | No |
| ETFs - PDF Reports | No |
Mutual fund research features
| Feature |
Tradier
|
|---|---|
| Mutual Funds - Strategy Overview | No |
| Mutual Funds - Performance Chart | No |
| Mutual Funds - Performance Analysis | No |
| Mutual Funds - Prospectus | No |
| Mutual Funds - 3rd Party Ratings | No |
| Mutual Funds - Fees Breakdown | No |
| Mutual Funds - Top 10 Holdings | No |
| Mutual Funds - Asset Allocation | No |
| Mutual Funds - Sector Allocation | No |
| Mutual Funds - Country Allocation | No |
| Mutual Funds - StyleMap | No |
Options trading overview
| Feature |
Tradier
|
|---|---|
| Option Chains - Basic View | Yes |
| Option Chains - Strategy View | No |
| Option Chains - Streaming | No |
| Option Chains - Total Columns | 8 |
| Option Chains - Greeks | 1 |
| Option Chains - Quick Analysis | Yes |
| Option Analysis - P&L Charts | No |
| Option Probability Analysis | No |
| Option Probability Analysis Adv | No |
| Option Positions - Greeks | No |
| Option Positions - Greeks Streaming | No |
| Option Positions - Adv Analysis | No |
| Option Positions - Rolling | No |
| Option Positions - Grouping | No |
Banking features
| Feature |
Tradier
|
|---|---|
| Bank (Member FDIC) | No |
| Checking Accounts | No |
| Savings Accounts | No |
| Credit Cards | No |
| Debit Cards | No |
| Mortgage Loans | No |
Customer service options
| Feature |
Tradier
|
|---|---|
| Phone Support (Prospect Customers) | Yes |
| Phone Support (Current Customers) | Yes |
| Email Support | Yes |
| Live Chat (Prospect Customers) | No |
| Live Chat (Current Customers) | No |
| 24/7 Support | No |
About the Editorial Team
Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.
Carolyn Kimball is a former managing editor for StockBrokers.com and investor.com. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.