Tradier Brokerage Special Offer

[anand331 138]

Just now, krisbee said:

I think the problem is not with the tool, it happened to me also today. I called the rep to fix it. if the price gets stuck during the amendment, most probably the FILL has already happened but the update didn't kick off. i saw this kind of issue last week as well.

I have seen that variation as well, but today the order is not filled. It's just in limbo. Oh well.

[Noah Katz 90]

Same, here, but the problem is at Tradier.

 

I had an order to close my LOW position, showed partial fills that weren't; cancelled and resubmitted, filled, but partial fill couldn't be cancelled.

 

I called Tradier and they said there was some issue that they would manually clean up for me.

 

Also cash available and total acct value were wacky.

 

Joe said that would be fixed by tomoorw, not sure if they need to fix everyone's issues individually.

[anand331 138]

Thanks @Noah Katz. Luckily I was able to cancel and re-submit cleanly. Hopefully they fix this as they say.

[Wandering 0]

Tradier is having issues today, I've got the same thing going on with orders that were filled, but show as 0.00, and the balances were messed up as well.

[lumberjack23 0]

Just signed up for tradier and was planning to opt for tradehawk. The signup page can take a promo code. Anyone has any idea what a promo code could do?

[craigsmith 357]

I run Tradier, IB and TOS all using live data. I will only trade one candidate on one specific platform, so I never have the same data pulled up on all platforms. Over the past few days I've been comparing the pricing data and noticed there are differences in price. Tradier and TOS will report the same bid/ask/mid, but IB is usually way off from those numbers. I think what we're looking at here is IB is using a very sophisticated method in their Smart Routing that gives anyone trading there a BIG edge.

 

Screenshots from Tradier, TOS, and IB for AVGO show these price differences. These screenshots were all taken within 15 seconds of each other around 1:40 Eastern time.

 

Given this, I'm really considering moving all of my trading back to IB. The low commission costs at Tradier do me no good if I can't even get in the trade.

 

[SBatch 2,676]

3 minutes ago, craigsmith said:

I run Tradier, IB and TOS all using live data. I will only trade one candidate on one specific platform, so I never have the same data pulled up on all platforms. Over the past few days I've been comparing the pricing data and noticed there are differences in price. Tradier and TOS will report the same bid/ask/mid, but IB is usually way off from those numbers. I think what we're looking at here is IB is using a very sophisticated method in their Smart Routing that gives anyone trading there a BIG edge.

 

Screenshots from Tradier, TOS, and IB for AVGO show these price differences. These screenshots were all taken within 15 seconds of each other around 1:40 Eastern time.

 

Given this, I'm really considering moving all of my trading back to IB. The low commission costs at Tradier do me no good if I can't even get in the trade.

 

Actually, this is the result in IB not using true mids.  They have a very convoluted way of choosing either the last, ask or bid (depending upon where the underlying is trading) and posting it to mark the mid.  It's completely inaccurate and has nothing to do with routing.

[Kim 8,035]

@craigsmithOne thing to consider is how IB displays the mid. It is the mid of the spread, while Tradier and TOS display the mid based on the individual legs. 

In this example, the mid of the Jun15 calls is 8.25 and mid of Jun08 calls is 7.65, and the real mid is 0.60 not 0.68.

[craigsmith 357]

Ok, thanks to both for clearing that part up. So does anyone think the Smart Routing is the reason for the good fills, or no?

[Rob 25]

11 minutes ago, craigsmith said:

I run Tradier, IB and TOS all using live data. I will only trade one candidate on one specific platform, so I never have the same data pulled up on all platforms. Over the past few days I've been comparing the pricing data and noticed there are differences in price. Tradier and TOS will report the same bid/ask/mid, but IB is usually way off from those numbers. I think what we're looking at here is IB is using a very sophisticated method in their Smart Routing that gives anyone trading there a BIG edge.

 

Screenshots from Tradier, TOS, and IB for AVGO show these price differences. These screenshots were all taken within 15 seconds of each other around 1:40 Eastern time.

 

Given this, I'm really considering moving all of my trading back to IB. The low commission costs at Tradier do me no good if I can't even get in the trade.

 

Hi Craig, take a look at my experience with TOS today regarding not getting filled on ULTA after Kim got filled 5c below an order I had sitting there since the open:

 

[aircal 2]

I've received much better fills on IB over the same trade on ToS.

I trade through a LLC - I just received a $145 bill for data on my Tradier account from the NYSE. Tradier said the data is necessary to trade, but IB has no such restriction. I use data from ToS to place trades on IB.

Buh Bye Tradier...

[cuegis 683]

52 minutes ago, aircal said:

I've received much better fills on IB over the same trade on ToS.

I trade through a LLC - I just received a $145 bill for data on my Tradier account from the NYSE. Tradier said the data is necessary to trade, but IB has no such restriction. I use data from ToS to place trades on IB.

Buh Bye Tradier...

This issue happens when you are listed as "Professional" or "Non-Professional".

I have been with IB forever, and, I have always made sure to list myself as "Non-Professional", otherwise, even with IB, they would begin charging me a $500++ in monthly data fees.

I have an "Advisor/Client" account setup with them. I do not have it setup to accept any payment at all, from any client. That would also be a trigger to the $500 data fee charges.

You can be an "Advisor" but, once you have a setup to take even $1 from a client, as a fee, it kicks in the "Professional" data charge rate.

So, I assume this is a standard regulatory thing that applies everywhere.

You said you were an LLC. I don't know if that is what is causing Tradier to peg you for the higher fees.

[Kim 8,035]

I believe LLC is automatically considered "professional" and triggers much higher fees.

[aircal 2]

I get around the fees at IB by having the LLC account be a client of the non-professional master account. I don't subscribe to any data at IB, but I can view the option chains and the bid/ask spread. I have charting and real time data at ToS, so why pay for it twice? Tradier won't allow that, so I'm closing the account.

[cuegis 683]

4 minutes ago, aircal said:

I get around the fees at IB by having the LLC account be a client of the non-professional master account. I don't subscribe to any data at IB, but I can view the option chains and the bid/ask spread. I have charting and real time data at ToS, so why pay for it twice? Tradier won't allow that, so I'm closing the account.

How can you not subscribe to any data , at IB, but be able to see real-time options bid/ask?

And, with Tradier, you are saying that they are forcing you to have a data subscription in order to trade at all?

I guess that's one of the ways they use to make up for the low commissions.

[aircal 2]

The IB data is delayed

[anand331 138]

Anyone having issues with Tradehawk/Tradier? I am getting "An error occurred while communicating with the back-end" while placing order on Tradehawk.

[akito 184]

Interesting. Looks like Tradier will now support pre-market and post-market trading. I don't, and won't, be making such trades, but cool nonetheless. Just received the following email:

Quote

 

Pre/Post Market Trading Available Tomorrow! Tradier Brokerage is excited to announce that pre-market and after-hours trading will be generally available to customers starting tomorrow.   Pre-market trading will be available from 8:00 AM EST to 9:30 AM EST.   After-hours trading will be available from 4:00 PM EST to 5:00 PM EST.   To enter orders in these sessions please select Pre or Post in the order Durationdrop-down menu on the Tradier Brokerage web site.  Please contact your platform provider for details about when they will support this functionality.       Please note the following: Orders for the pre and post market sessions can only be accepted during those trading session times.  Orders placed for those sessions outside of the trading time will be rejected. Only Limit orders will be permitted in the pre and post market sessions All pre market orders will be canceled at 9:30 AM EST All post market orders will be canceled at 5:00 PM EST Trading only applies to U.S. Listed Equities.   Option trading will continue to be available during normal trading hours. Please review the Extended Hours Trading Risk Disclosure Statement before placing any orders in the extended hours trading sessions.  If you have any questions, don't hesitate to reach out to our service team.

 

 

[krisbee 2,043]

On 5/21/2018 at 1:22 PM, krisbee said:

in today's tradehawk release

 

• Wisp
  • Fixed current expiration highlight.
  • Spreads from ticket show on strike column.
  • Spread legs can move (Left click to change a leg, left click again to set it).
  • Spread can move (Right click on any leg of a spread; mouse over to new spot on strike column, left click to set).
• Spread Ticket
  • Added Ratio and Cost (shows how many spreads will be sent out total)
  • Spread name now clears when the legs are cleared.
  • Fixed price update delay when selecting the follow mid/bid/ask function.
• Option Ticket
  • Fixed price update delay when selecting the follow mid/bid/ask function.
• Options Menu
  • Calculator.
    • Use what-if buttons to populate the calculator
    • change stock price, volatility, interest rates, date to see the effects on a spread or simple option)
• Chart
  • New indicators.
  • MOBO
  • Fibonacci (left click to set start point, right click to set end point.  Retracements shown on chart)
• Risk Portfolio
  • Roll up of cost.
  • Right click on positions to exit.
  • Right click on expiration to view and exit potential spreads.
  • Right click on underling to view and exit calendar spreads

 

Today's tradehawk release 2.3.01

 

1. Pre and Post market stock trading: choose pre or post from Day drop down on any stock ticket or Tower 

2. Trailing Stops for spreads, options, and stocks. Right click on any position in your risk portfolio to set. To modify or check the settings of any active Trailers, double click on the order in the Open Order Log. 

3. New Order Log look with drop down for different look at orders

4. Click on the Theo Price of any option in the Option Tower (Wisp) to populate an option's ticket at the mid point.

5. Cash Balance is added to top tool bar list.

6. Bug and improvement enhancements

7. consolidated Risk Portfolio with Delta and Theta visible only.  Theta column will change to other Greeks in next release.

8. NewEvent Log messaging indicating when Tradier receives a TradeHawk message.

9.  Room Chat:  a distinctive communication feature for Educators and Mentors to Post their trades and ideas directly into TradeHawk.  A student or user can click to trade these posts.

 

[krisbee 2,043]

Tradier customers, check ur activity. I noticed subscription fee was deducted 2 times for tradier and tradehawk. Tradehawk today returned back their extra charge, but not yet for tradier. 

[akito 184]

Thanks for the heads up. I also see 2 duplicate July charges on my activity page that happened on July 2nd. However, I also see a deposit to cancel out the duplicated that happened on July 3rd. It's labeled "REV FR SO SUBSCRIPTION". I guess the REV stands for reverse.

 

I'll need to setup a reminder to check for duplicate charges every month now...

[ales19 43]

17 hours ago, ales19 said:

 

Thanks @SBatch, much appreciated, will look into it in detail tomorrow.

 

I can confirm what @Christof+ found out re OptionsXpress and IB fees, however in my conversations with Tradier I recall them telling me they would be able open an account for me if I resided in Italy (I am a dual citizen) so maybe time it is time to get in touch with them again @Christof+ as they may now be operating in Europe (hmmm... and maybe therein lies the solution with me too).

 

Otherwise eOption seems like a decent fallback.

 

 

 

@SBatch and @Christof+ (and anyone else interested in this side conversation). Unfortunately I have to rectify my initial comment as Tradier has confirmed this morning that they do not open accounts for Italian residents either, however they did confirm they do operate in some European countries.

 

I am trying to get a list from them but they don't seem too keen to provide one for some reason. I just mentioned to them that as a European passport holder I can relocate to any EC country so let's see if they provide a list after this clarification.

Will update once I get a response. If this conversation needs to be moved to another post please let me know.

 

Edited July 12, 2018 by ales19

[SBatch 2,676]

4 minutes ago, ales19 said:

 

@SBatch and @Christof+ (and anyone else interested in this side conversation). Unfortunately I have to rectify my initial comment as Tradier has confirmed this morning that they do not open accounts for Italian residents either, however they did confirm they do operate in some European countries.

 

I am trying to get a list from them but they don't seem too keen to provide one for some reason. I just mentioned to them that as a European passport holder I can relocate to any EC country so let's see if they provide a list after this clarification.

Will update once I get a response. If this conversation needs to be moved to another post please let me know.

 

I moved it to the Tradier thread.

[SBatch 2,676]

6 minutes ago, ales19 said:

 

@SBatch and @Christof+ (and anyone else interested in this side conversation). Unfortunately I have to rectify my initial comment as Tradier has confirmed this morning that they do not open accounts for Italian residents either, however they did confirm they do operate in some European countries.

 

I am trying to get a list from them but they don't seem too keen to provide one for some reason. I just mentioned to them that as a European passport holder I can relocate to any EC country so let's see if they provide a list after this clarification.

Will update once I get a response. If this conversation needs to be moved to another post please let me know.

 

Probably best for you to simply open an account with eOption as we know they operate in Australia.  This way you are prepared for the next PV TLT trade and their commissions are perfectly acceptable for the strategy.

[ales19 43]

Just now, SBatch said:

Probably best for you to simply open an account with eOption as we know they operate in Australia.  This way you are prepared for the next PV TLT trade and their commissions are perfectly acceptable for the strategy.

 

Thanks @SBatch I have already started the process, fingers crossed I can finalise in time as international transfers take a while. If you have a referral code for eOption let me know and I can use it.

[SBatch 2,676]

17 minutes ago, ales19 said:

 

Thanks @SBatch I have already started the process, fingers crossed I can finalise in time as international transfers take a while. If you have a referral code for eOption let me know and I can use it.

No referral code, just providing the info so everyone can cost effectively participate in the trades.

[Christof+ 275]

Thanks @SBatch, @ales19

 

 

@ales19 interesting they refuse Italian business. I also contacted them today. They confirmed that they offer accounts for German residents (min. 20K USD size, 20$ opening fee)

Some additional questions answered:

- They generally will not open accounts for foreign entities like a LLC (which is counter-intuitive since they target robo advisors and wealth managers with their API)

- Apart from the SO offer, they will still be charging commissions for options exercise/assignment (9 $)

- Also normal outgoing transfer fees apply (30$ wire, 75$ ACAT)

- They do not offer Portfolio Margin

- Interest on Margin: 5%

- No need to subscribe to data in order to trade (remembered that question came up here somewhere)

 

@SBatch you know who is behind Tradier, and its execution and clearing?
You also might know a good source for fundamentals/financials concerning Regal Securities and Hilltop, for eOption?

[zxcv64 781]

This is of interest to me, as I contacted Tradier just a couple of weeks ago and they couldn't help me cos I live in the UK. If people in Italy and Germany are able to open an account then I may pursue them again. I too hold a similar EU passport. (I realise the dreaded Brexit may have something to do with it.)

[ales19 43]

Just now, zxcv64 said:

This is of interest to me, as I contacted Tradier just a couple of weeks ago and they couldn't help me cos I live in the UK. If people in Italy and Germany are able to open an account then I may pursue them again. I too hold a similar EU passport. (I realise the dreaded Brexit may have something to do with it.)

 

@zxcv64 nope, only German residents have been confirmed so far, Italians are out for now. I am waiting for Tradier to send a list of European countries they do business with and will post if/when I get an answer.

 

[ales19 43]

23 minutes ago, Christof+ said:

Thanks @SBatch, @ales19

 

 

@ales19 interesting they refuse Italian business. I also contacted them today. They confirmed that they offer accounts for German residents (min. 20K USD size, 20$ opening fee)

Some additional questions answered:

- They generally will not open accounts for foreign entities like a LLC (which is counter-intuitive since they target robo advisors and wealth managers with their API)

- Apart from the SO offer, they will still be charging commissions for options exercise/assignment (9 $)

- Also normal outgoing transfer fees apply (30$ wire, 75$ ACAT)

- They do not offer Portfolio Margin

- Interest on Margin: 5%

- No need to subscribe to data in order to trade (remembered that question came up here somewhere)

 

@SBatch you know who is behind Tradier, and its execution and clearing?
You also might know a good source for fundamentals/financials concerning Regal Securities and Hilltop, for eOption?

 

@Christof+ thanks for the update. Germany is trickier for me to establish residence as I don't have friends/family there. I assume the choice to avoid Italy is either due to legislation (as per Australia) or market size.  Not sure why they would avoid UK though. If I recall correctly they clear through Apex Clearing Corporation.

 

Just as an FYI for anyone interested, eOption requires an "offline" (paper forms) sign-up for non US residents (so plan ahead re time) and minimal account size is USD 25k (again, for non US residents).

 

Edited July 12, 2018 by ales19

[SBatch 2,676]

17 minutes ago, Christof+ said:

Thanks @SBatch, @ales19

 

 

@ales19 interesting they refuse Italian business. I also contacted them today. They confirmed that they offer accounts for German residents (min. 20K USD size, 20$ opening fee)

Some additional questions answered:

- They generally will not open accounts for foreign entities like a LLC (which is counter-intuitive since they target robo advisors and wealth managers with their API)

- Apart from the SO offer, they will still be charging commissions for options exercise/assignment (9 $)

- Also normal outgoing transfer fees apply (30$ wire, 75$ ACAT)

- They do not offer Portfolio Margin

- Interest on Margin: 5%

- No need to subscribe to data in order to trade (remembered that question came up here somewhere)

 

@SBatch you know who is behind Tradier, and its execution and clearing?
You also might know a good source for fundamentals/financials concerning Regal Securities and Hilltop, for eOption?

Apex clearing is Tradier's clearing partner and custodian: https://www.apexclearing.com/

Regal is a BD/RIA that caters to financial advisors.  However, the ultimate ownership of Regal and eOption is the Royal Bank of Canada - one of the largest banks in the world.  All of these companies are not only protected by SIPC but they also take out additional group insurance policies with Lloyds of London.  I understand the need to do some due diligence, but if any of these companies become insolvent and investors are not protected, then we all have a much bigger issue than our money as it is likely near the end of the world.

[Christof+ 275]

Thanks @SBatch for the info.

You are right for sure. Just as said in the other thread I would like to spare myself the learning curve of how to claim money from SIPC protection or some Lloyds insurance which is even more difficult and costly when you are abroad (and it still rings in my ears that Bear Sterns and Lehman will never go bankrupt. And that Deutsche plans on a long term ROE of 25% per year).

The good thing with IB is that they have a share price, so one look at it will tell you much about their situation.

Edited July 12, 2018 by Christof+

[SBatch 2,676]

Just now, Christof+ said:

Thanks @SBatch for the info.

You are right for sure. Just as said in the other thread I would like to spare myself the learning curve of how to claim money from SIPC protection or some Lloyds insurance which is even more difficult and costly when you are abroad (and it still rings in my ears that Bear Sterns and Lehman will never go bankrupt. And that Deutsche plans on a long term ROI of 25% per year).

The good thing with IB is that they have a share price, so one look at it will tell you much about their situation.

Same can be said for the Bank of Canada in eOption's case.  Currently trading at 77 with a P/E around 12 and not far from its all time high.  Whereas IB currently trades at 61 down from 80 in May.

[urfiend 8]

36 minutes ago, Christof+ said:

Thanks @SBatch, @ales19

 

 

@ales19 interesting they refuse Italian business. I also contacted them today. They confirmed that they offer accounts for German residents (min. 20K USD size, 20$ opening fee)

Some additional questions answered:

- They generally will not open accounts for foreign entities like a LLC (which is counter-intuitive since they target robo advisors and wealth managers with their API)

- Apart from the SO offer, they will still be charging commissions for options exercise/assignment (9 $)

- Also normal outgoing transfer fees apply (30$ wire, 75$ ACAT)

- They do not offer Portfolio Margin

- Interest on Margin: 5%

- No need to subscribe to data in order to trade (remembered that question came up here somewhere)

 

@SBatch you know who is behind Tradier, and its execution and clearing?
You also might know a good source for fundamentals/financials concerning Regal Securities and Hilltop, for eOption?

Tradier account (and Tradehawk as platform) as a German in Germany was no problem.

IB and Tradestation work, too.

No such luck with Think or Swim of Ameritrade - they will not let me do credit spreads with reduced margin (bull put spread 95 / 90 would be the full margin as a 95 STO put instead of the 5 in spread-distance.

[ales19 43]

Well, it looks like I am out of the running for the August PV TLT trade as eOption said they will not accept my Italian passport and my Australian passport just expired and I won't be able to renew it for the next 2 months. Oh well...

 

As for Australians interested in Tradier, the attached screen capture from the Robinhood FAQ (I believe they too use Apex for clearing) gives us some hope although I would not hold my breath as they give no ETA.

 

Edited July 12, 2018 by ales19

[Spread 21]

Hi All, does someone know if it's possible on the Tradehawk platform to adjust the front and the back month volatility separately when analyzing a position ? Thanks in advance

 

[ales19 43]

On 12/07/2018 at 6:36 PM, ales19 said:

 

@zxcv64 nope, only German residents have been confirmed so far, Italians are out for now. I am waiting for Tradier to send a list of European countries they do business with and will post if/when I get an answer.

 

 

@SBatch @Christof+ @zxcv64  and to anyone else interested, Tradier has finally responded to my email and confirmed they offer accounts in Germany, France and Spain at this time. Please note I only asked about EC block countries so if you live in Europe and your country is not part of the EC you might want to contact them to confirm.

[Spread 21]

2 hours ago, ales19 said:

 

@SBatch @Christof+ @zxcv64  and to anyone else interested, Tradier has finally responded to my email and confirmed they offer accounts in Germany, France and Spain at this time. Please note I only asked about EC block countries so if you live in Europe and your country is not part of the EC you might want to contact them to confirm.

I can personally add The Netherlands to this list, since I succeeded in opening a Tradier account from the Netherlands

[akito 184]

Anyone having issues with limit orders on Multi-leg orders on Tradier? I just noticed that no matter what price I put in for a "net debit" order, the "order cost" after I click on preview is just the ask price... I've sent an email off to support.

[akito 184]

3 minutes ago, akito said:

Anyone having issues with limit orders on Multi-leg orders on Tradier? I just noticed that no matter what price I put in for a "net debit" order, the "order cost" after I click on preview is just the ask price... I've sent an email off to support.

Just got a response from support saying that it's just a display issue and orders would be submitted with the limit price. Just tested and they are right. Still, I like using the preview function to double check my orders. Hopefully they get it fixed soon. (BTW, I was talking about the web interface)

[rigulator 32]

Hello folks from outside the USA!

Did ever someone try to apply for this Tradier account (40$flat) with success from outside the USA, using an US-postal address-service?

[Stanislav 302]

@rigulator, Tradier opens accounts for non-USA residents. Contact their support by e-mail and ask them if they open account for your country residents.

 

Also note that broker has to identify its clients, so you can not pretend you are US resident by using US-postal address-service.

[rigulator 32]

@Stanislav Thanks for the reply. Unfortunately they exclude non-US residents from this special offer, even though they generally allow foreign client (in my case Germany). But maybe you're right and I'll try to contact them directly per mail... I'll post the answer.

[Stanislav 302]

14 minutes ago, rigulator said:

@Stanislav Thanks for the reply. Unfortunately they exclude non-US residents from this special offer

No, that's not the case. Being non-US resident I successfully opened Tradier account with $40/mo flat fee in Feb of this year.

[Harry 1]

Is there a Promo code for the Tradehawk platform?

[Shane 2]

Does the $40 deal include both option and equity or option only? I saw $19 additional for equity was mentioned in the thread. Please help to confirm. Thanks. 

 

Called them and confirmed $40+20 for option and equity 

Edited July 31, 2018 by Shane

[Bull3t007 147]

Does anyone know if Tradehawk already supports OCA orders?

[Bull3t007 147]

@SBatch or anyone using tradehawk. 

 

Can you check if CSCO august 17 incremental options are visible? so 41.5 42.5 etc. 

 

Contacted Tradehawk and their going to contact Tradier but since I'm paper trading I would like to know if you do not see them as well?

[Noah Katz 90]

Yes, I see them on Tradehawk

[krisbee 2,043]

Tradier users.

I see "Gain/Loss" submenu under the username (which I newly found).

They listed all transactions there. I copy pasted page by page in Excel sheet. (little pain to do this as I have lot of pages)

I find lot of transactions missing. (it's not user error btw.  )

Do you find same issues? 

Steps: (telling u what I did)

 

Symbol	Quantity	Cost	Proceeds	G/L ($)	G/L (%)	Close Date	Term

 

These are the fields that's there in Gain/Loss page.

I added all the data in Google spreadsheet. On right most column, I added a Formula that takes out Quote from the option name

Here is the formula

=REGEXEXTRACT(A2,"^[A-Z]+")

Example for the formula

if A2 value is QCOM180202P00068500

result will be QCOM

I filtered the formula column and see if P/L is what I expected, there was a big difference. then I find some transactions missing. I tried for couple of trades. Haven't checked for all.

 

Let me know.

 

Edited August 4, 2018 by krisbee