Contributor, Benzinga
February 28, 2023
verified by Luke Jacobi

Tradier is an options brokerage platform that offers traders access to a wide range of trading tools and services. While Tradier is a popular choice for many traders, other options brokerage platforms offer similar or better services. In this article, Benzinga explores five Tradier alternatives, including their pros and cons, to help traders make an informed decision.

E*TRADE

E*TRADE is an options brokerage platform that offers traders a wide range of trading tools and services. Here are the pros and cons of using E*TRADE.

Pros:

  • Wide range of trading tools: E*TRADE offers a wide range of trading tools and features, including options trading, stock trading and futures trading.
  • Mobile trading: E*TRADE offers a mobile app that allows traders to trade on the go.
  • Low fees: E*TRADE charges low fees for its trading services.
  • Robust research tools: E*TRADE offers a range of research tools to help traders make informed trading decisions.

Cons:

  • Customer service issues: It can be hard to reach a person for customer service.
  • Few in-person locations: E*TRADE has 30 physical branches nationwide.

TD Ameritrade

TD Ameritrade is an options brokerage platform that offers traders a range of trading tools and features. Here are the pros and cons of using TD Ameritrade.

Pros:

  • Comprehensive trading platform: TD Ameritrade offers a comprehensive trading platform with a wide range of tools and features.
  • No account minimums: TD Ameritrade does not require a minimum account balance to start trading.
  • Educational resources: TD Ameritrade offers a range of educational resources to help traders learn about trading.
  • Low fees: TD Ameritrade charges low fees for its trading services.

Cons:

  • Limited customization: TD Ameritrade's trading platform is not as customizable as some other platforms.
  • No forex trading: TD Ameritrade does not offer forex trading services.

Robinhood

Robinhood is an options brokerage platform that offers commission-free trading. Here are the pros and cons of using Robinhood.

Pros:

  • Commission-free trading: Robinhood offers commission-free trading, making it an attractive option for traders who want to keep their trading costs low.
  • Easy to use: Robinhood's trading platform is user-friendly and easy to navigate.
  • Mobile trading: Robinhood offers a mobile app that allows traders to trade on the go.
  • No account minimums: Robinhood does not require a minimum account balance to start trading.

Cons:

  • Limited research tools: Robinhood offers limited research tools and resources.
  • No customizable charts: Robinhood's trading platform does not offer customizable charts or technical indicators.
  • Limited customer support: Robinhood's customer support is limited to email and chat.

Charles Schwab

Charles Schwab is an options brokerage platform that offers a range of trading tools and services. Here are the pros and cons of using Charles Schwab.

Pros:

  • Comprehensive trading platform: Charles Schwab offers a comprehensive trading platform with a wide range of tools and features.
  • Low fees: Charles Schwab charges low fees for its trading services.
  • Educational resources: Charles Schwab offers a range of educational resources to help traders learn about trading.
  • No account minimums: Charles Schwab does not require a minimum account balance to start trading.

Cons:

  • Limited customization: Charles Schwab's trading platform is not as customizable as some other platforms.
  • Wait times for customer service: Some users experience long wait times to speak to a representative.

Webull

Webull is an options brokerage platform that offers traders a range of trading tools and features. Here are the pros and cons of using Webull.

Pros:

  • Commission-free trading: Webull offers commission-free trading, making it an attractive option for traders who want to keep their trading costs low.
  • User-friendly platform: Webull's trading platform is user-friendly and easy to navigate.
  • Low fees: Webull charges low fees for its trading services.
  • Range of educational resources: Webull offers a range of educational resources to help traders learn about trading.

Cons:

  • Limited asset selection: Webull has a limited selection of assets, which may not be suitable for all traders.
  • No forex trading: Webull does not offer forex trading services.

Final Thoughts on Tradier Alternatives

You can choose from a number of options brokerage platforms available that offer similar or even better services than Tradier. E*TRADE, TD Ameritrade, Robinhood, Charles Schwab and Webull are just a few of the many alternatives available. When choosing an options brokerage platform, traders should consider factors such as account minimums, fees, trading tools and features and customer support to make an informed decision. By exploring the pros and cons of these five Tradier alternatives, traders can find the platform that best meets their trading needs.