ETrade vs. Tradier – A Detailed Comparison
Discover our detailed comparison of ETrade 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 ETrade 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 ETrade
Founded in 1982, ETRADE was one of the first companies to offer electronic trading to individual investors, making it easier for the general public to participate in the stock market without the need for traditional face-to-face transactions with brokers. ETrade offers competitive pricing for derivative trading and offers a trading platform for charting and analysis.
✓ Good research tools
✓ User-friendly app
✓ Great customer support
ETrade is Best For
ETrade is best for long-term investors and active traders alike, but it is just okay compared to other platforms. If you are a long-term investor, ETrade is great, but it doesn’t offer as much flexibility with fractional shares. It is also not the broker of choice for active traders, since much better platforms like tastytrade and thinkorswim are available.
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 ETrade and Tradier
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| ETrade | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, Bonds | Power ETrade Platform | 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 |
|---|---|---|---|---|
| ETrade | Yes, no fees in most cases | Yes | SIPC/FDIC Insured | Yes |
| Tradier | No | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | ETrade | Tradier |
|---|---|---|
| Equity Commission | Free | $0.35 per trade with free account |
| Option Commission | $0.65 per contract | $0.35 per contract with free account |
| Futures Commission | $1.50 per contract | Futures are not yet supported |
| Futures Options Commission | Must call to activate futures options | Futures are not yet supported |
| Option Exercise Fee | None | $9 fee |
ETrade vs Tradier – Bottom Line
Choosing between ETrade 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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