A $50 annual inactivity fee for domestic Equity and Option accounts that make fewer than two trades a year.

You can only buy mutual funds and bonds through broker-assisted trades.

If youвЂ™d like to make a trade with the assistance of a Tradier broker, it costs $10 per transaction.

Tradier does not require a minimum balance for opening an account and electronic statements are free, but they do charge several other fees: Adding third-party options to your Tradier set-up could get expensive fast, so keep an eye on costs as you build out your platform. Trader Oasis, for instance, charges $150 per month to use. Some, like Exeria, are free, while others may be quite expensive. The optional modules offered by third parties may charge a variety of separate fees, including trading commissions. Some experts feel that selling order flow can result in customers getting worse prices when they trade. The company accepts payment for order flow, meaning they earn fees for directing trades through a given market maker. Tradier offers margin accounts that charge an interest rate of 5.25%, which is competitive compared to the other brokers reviewed in our survey of the industry. There is no monthly fee for the Equity and Option account, although youвЂ™ll be charged a $0.35 fee per contract for all option trades. The Subscription account costs $10 per month, which gets you commission-free options trading-although thereвЂ™s still a $0.35 contract fee for Single Listed Index Options. Both accounts feature commission-free trading of stocks and exchange-traded funds (ETFs), in line with industry standards.

Tradier offers two accounts: Subscription and Equity and Option.

But if youвЂ™re a serious trader whoвЂ™s frustrated with one-size-fits-all online brokers, Tradier can be a way to build a platform that works exactly how you want. If all youвЂ™re looking for is a basic trading platform, there are much simpler options out there, like Robinhood or Charles Schwab. In addition, itвЂ™s worth noting that many of the third-party platform options charge extra fees, which could turn off investors looking to minimize costs. That said, Tradier also offers options for beginners-but even then, it still requires time to sort through everything to find the right setup, not to mention the knowledge to understand what you might need as a beginner. While all these options are great for advanced traders, they could be overwhelming for beginners and even intermediate users. If you canвЂ™t find the exact module to fit your needs, Tradier lets you build your own custom API. The options available on Tradier include things like specialized trading tools, different charting packages, unique platform designs and extra research support. As such, users need to take extra time and effort to set up Tradier to meet their specific needs. With dozens of options and modules to choose from, this platform is far more customizable than nearly any other online brokerage account weвЂ™ve reviewed. Tradier is best for self-directed traders and expert investors.

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