Tradestation vs. Tradier – A Detailed Comparison
Discover our detailed comparison of Tradestation and Tradier to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for Tradestation and Tradier across the internet and compiled it all in this article.
- Integrates with TradingView
- Subscription for no commissions
- Best for active traders
Overview of Tradestation
TradeStation is a brokerage firm that caters to active traders and very serious investors who demand a comprehensive platform with advanced trading features and analytical tools. While TradeStation is a solid brokerage, options traders must be aware of the abnormally high exercise fees.
✓ Backtesting tools
✓ Integrate with TradingView
✓ Best for active traders
Tradestation is Best For
TradeStation is best suited for traders who need a sophisticated trading environment. Its platform might be overwhelming for beginners but is highly appreciated by experienced traders for its depth, flexibility, and range of professional-grade tools.
Overview of Tradier
Tradier is a brokerage platform built for active traders and allows you to get free commissions for equity and options trading with a $10 monthly subscription. You can connect Tradier with TradingView and trade directly from the charts, or you can use its advanced web-based trading platform. Tradier also offers useful features like paper trading and advanced order types which is useful for active traders. While Tradier is a great choice for trading, if you just a basic broker for investing, there are other options available like Schwab, Robinhood, and tastytrade that provide free equity commissions and DRIP features without a monthly fee.
✓ Integrates with TradingView
✓ Subscription for no commissions
✓ Best for active traders
Tradier is Best For
Tradier is best for traders who actively trade options and will normally spend more than $10 per month in commissions. It is also great for traders who enjoy using the TradingView platform since you can connect Tradier to your TradingView account and trade directly from the TradingView charts. You may also be able to get the $10 monthly fee waived for the first three months when you sign up for Tradier through TradingView.
Key Characteristics of Tradestation and Tradier
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Tradestation | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Forex | Downloadable and web trading platforms | Real-time data with funded account | No premium features |
| Tradier | Brokerage Platform | Stocks, ETFs, Options, Index Options, Mutual Funds, Crypto | Web-based platform and integration with TradingView | Real-time data is free with an active brokerage account | $10 per month |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Tradestation | No | Yes | SIPC Insured | Yes |
| Tradier | No | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Tradestation | Tradier |
|---|---|---|
| Equity Commission | Free | $0.35 per trade with free account |
| Option Commission | $0.60 per contract | $0.35 per contract with free account |
| Futures Commission | $1.50 per contract, $0.50 micro | Futures are not yet supported |
| Futures Options Commission | $1.50 per contract | Futures are not yet supported |
| Option Exercise Fee | $14.95 fee at expiration, early exercise is $1.50 per contract with $5,95 minimum | $9 fee |
Tradestation vs Tradier – Bottom Line
Choosing between Tradestation and Tradier depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
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- Advanced Charts
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