Tradier Brokerage Review

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Contributor, Benzinga
August 20, 2024
Tradier
Overall Rating:
securely through Tradier's website

Tradier Brokerage distinguishes itself through its highly customizable platform and focus on active traders, particularly those engaged in options trading. Investors take advantage of its low costs, advanced tools and human tech support.

While many advanced investors use it for trading options, futures and more, you can gradually build up confidence with the tools if you’re just starting. Most notably, you get your choice of trading platforms developed by third parties, including AI-based tools, automation, signals, bots, order flow and chart analysis tools. These platforms include the popular TradingView, as well as Track ‘n Trade, TradierPro, TrendSpider, iVest, Social.Trade, Option Samurai, WealthCharts, Option Alpha, PeakBot and many more.

Tradier allows you to access the platform’s many features with the Standard free plan, or you can opt for the Pro plan that costs $10 a month. Feeling overwhelmed with options trading or unsure how futures work? Tradier’s resources and community can help you gradually build trading knowledge and try out the platform with smaller trades.

Tradier also facilitates access to commodities like gold, oil and agricultural products such as corn for those looking to venture beyond traditional markets. These alternative assets can add a layer of diversification by providing exposure to different economic factors and reducing the overall volatility of your portfolio. Trading popular indexes allows you to invest in broader market trends, offering another avenue for spreading risk across multiple asset classes.

Pros
  • Get started for $0 a month
  • Choose your favorite trading platform
  • Mobile app with a 4.9 average rating
  • Inexpensive option fees and low-margin rates
  • Unlimited commission-free options and stock trading
Cons
  • High fees for IRAs and document processing
  • No-transaction-fee (NTF) mutual funds aren't free to buy
  • Not the simplest platform for beginners

Tradier Ratings at a Glance

Pricing
Features and Tools
Supported Assets
Customer Service
User Experience
User Benefits
Mobile App
Security
Overall
Table of Contents

Pricing

Tradier has three plans. While there's a free plan, you'll pay $0.35 per stock, ETF, equity contract, or per index option. Over time, that will become too pricey for active traders. Here is an overview of the three subscription plans: 

1. Tradier Standard: A commission-based trading plan that doesn't require a monthly subscription. However, this tends to be high-cost if you make many trades.

2. Tradier Pro: Get unlimited options and stock trading with the Pro plan for $10 monthly. Tradier is offering three months free of its Pro subscription plan. Tradier’s IRAs carry annual fees of $30, which are waived with a Pro subscription. There’s a $60 fee if you close an IRA account.

3. Tradier Pro Plus: For $35 a month, get a third plan with lower index options costs plus reduced $0.10 commissions for the Index options.

Features and Tools

Tradier is unique in its platform offerings. Instead of offering just one or two trading platforms like most other brokers, Tradier offers a variety of third-party platforms investors can use. 

You can choose from more than 100 platforms through Tradier brokerage accounts, all with unique features and tools. You can also create your unique platform for use with its brokerage accounts. 

You can choose a platform with a specific focus, like options trading. You can also access international stock markets and futures to start investing with less risk.

Note that some of the advanced trading platforms have an additional cost. For example, the Track 'n Trade visual investing platform starts at $79 per month.

Tradier offers:

  • Easy onboarding, so you can sign up in less than 10 minutes
  • Ease to execute trades
  • Flexibility to choose a trading platform for your goals

Supported Assets

With many trading platform integrations, Tradier lets you invest in many U.S. and international markets for traditional and alternative assets, including stocks, ETFs, mutual funds, index funds and alternatives like precious metals or commodities like corn and oil. 

Customer Service

You can contact Tradier by email, phone, or mail. Phone service is available during regular business hours, Monday through Friday, 8 a.m. to 5 p.m. Eastern Time. Here are the contact details:

Tradier Brokerage Inc.

3420 Toringdon Way, Suite 300

Charlotte, NC 28277

User Experience

The basic sign-up is simple and can be completed in minutes. Since users can choose their trading platform, the user experience varies based on your trading goals, experience and the specific platform. Tradier provides access to its powerful web and Tradier Pro platforms to get started immediately. You can check out over 100+ connected platforms if you want more unique features.

You will need to use a specific platform, but fortunately, with Tradier, you can get community advice and try various platforms to find a five-star fit. 

User Benefits

Tradier gives you access to a community of expert investors, plus education hubs to help you learn more. 

While much of Tradier’s education is geared toward experienced traders, new investors can learn a lot with some patience and persistence.

Tradier’s OptionsBrewTV YouTube channel includes educational content on sophisticated topics regarding advanced options trading or futures trading. They also have Tradier Hub, which has 17+ livestreaming educational shows for beginner to advanced traders each week. There's no reason you cannot combine the free educational content of other brokerages with your Tradier experience. 

Mobile App

Tradier's app is straightforward to use. Pages load quickly, but there are no charting tools available. One of the app's best features is the ease of building multi-leg trades.

The app also includes a news feed highlighting the most relevant current articles. It has more broad market data than the website. You can also find sector performance, biggest gainers and losers.

Security

Tradier takes security seriously, implementing several measures to protect its users' data and assets. The platform employs industry-standard encryption protocols to safeguard all transactions and personal information, ensuring your data is securely transmitted and stored. Tradier offers two-factor authentication (2FA), providing an extra layer of security by requiring users to verify their identity through a secondary method before accessing their accounts. 

Tradier is also a member of SIPC (Securities Investor Protection Corporation), which protects customers against the loss of cash and securities in the event of a broker-dealer failure up to $500,000. These robust security measures make Tradier a reliable choice for investors concerned about the safety of their financial information.

Overall

Tradier is solid overall and great for customization. It stands out in access to diverse markets and asset types. If you're building your trading strategy, you have many platforms, data fees and resources. 

However, it's weak in customer service and the user experience is highly variable depending on the trading platform you use. Overall, it's an excellent trading platform, especially for options and futures. 

Tradier vs. Competitors

Tradier compares favorably to many competitors. Compared to Interactive Brokers, it offers a similar asset level and international market access. Compared to Charles Schwab, the price per trade, especially for low-cost index or mutual funds, is higher. However, it offers unparalleled customization for options, futures trading and traders ready to experiment with different charting tools and platforms. If you want to make the most of your money, all three platforms offer a free version to make the most of your money

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Frequently Asked Questions

Q

What does Tradier do?

A

Tradier is an online brokerage platform where you can trade stocks, bonds, mutual funds, ETFs and other assets across international markets. It is known for its excellent options and futures trading.

Q

Is Tradier a good platform?

A

Yes, Tradier is a good platform, especially for active traders who value customizable brokerage services and low-cost trading.

Q

How much does Tradier cost?

A

Tradier costs as little as $0 monthly and have a $10 per month plan with unlimited options trading and $.35 index options commissions. Also available is the Pro Plus plan for $35 per month with reduced $.10 index options commissions along with reduced Futures rates.

Q

What is the minimum deposit for Tradier?

A

Tradier doesn’t have a minimum deposit.

Q

Does Tradier do futures?

A

Tradier Futures allows you to trade futures, which is a division of Tradier.

Q

Does Tradier have paper trading?

A

Yes, all Tradier Brokerage accounts can create a paper trading account from within Tradier web which includes $100,000 of paper funds to practice trading and test strategies.

Q

Does Tradier work with TradingView?

A

Yes, Tradier works with TradingView or the mobile, web and desktop Tradier apps.

User Reviews

Verena Cheryl

How do you use this product to boost your finances?

its all a scam, i traded with different brokers, most of them disappear when you make withdrawal request, some of them will try to convince you not to withdraw and instead invest more while others will actually allow you withdraw a little amount so they c

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