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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. 

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.

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.

Key Characteristics of Tradestation and Tradier

FeatureTradestationTradier
Platform TypeBrokerage PlatformBrokerage Platform
Tradeable AssetsStocks, ETFs, Mutual Funds, Options, Futures, Futures Options, Crypto, ForexStocks, ETFs, Options, Index Options, Mutual Funds, Crypto
Charting FeaturesDownloadable and web trading platformsWeb-based platform and integration with TradingView
DataReal-time data with funded accountReal-time data is free with an active brokerage account
Premium PricingNo premium features$10 per month

Who is Tradestation 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.

Who is Tradier 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.

Trading Features and Tools

FeatureTradestationTradier
DRIPNoNo
Margin TradingYesYes
InsuranceSIPC InsuredSIPC Insured
Mobile AppYesYes

Trading Costs and Commissions Compared

Fee TypeTradestationTradier
Equity CommissionFree$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 microFutures are not yet supported
Futures Options Commission$1.50 per contractFutures 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

If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more. 

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