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sglinski
Re: New partnership with Tradier Brokerage--unlimited commission-free trades

FYI- Tradier has an account inactivity fee, among others, although it probably won't apply to most here-
https://brokerage.tradier.com/pricing

Nov 27, 2019 12:37:17 PM       
vettemoose93
Re: New partnership with Tradier Brokerage--unlimited commission-free trades

The original Tradier announcement post date was Sep 4, 2019, and I wanted to confirm a few points.

Today, if you are only interested in trading stocks and not options, Tradier now has a free account that can be integrated with P123. No commission stock trading comes with the Tradier Free account.

With Tradier, who is the actual Broker? The reason I ask is I am verifying the level of insurance the Broker carries for cash (FDIC) and stock (SIPC). When I contacted Tradier, they said 'We are not self clearing, our clearing firm is Apex clearing, they hold the assets and have the SIPC insurance.' Does anyone else find this odd? I checked FINRA and both Apex Clearing and Tradier Brokerage are listed as Brokers. However, I could not find any insurance information on their web sites. Most Brokers carry additional insurance (to supplement SIPC and FDIC) for brokerage accounts.

A previous post mentioned Tradier will support Fractional shares. Does anyone know if/when they plan to support this? They do not support Fractional shares today. Unclear if the P123 Manage platform supports Fractional shares as well.

I am a former Folio Investing user who is working on recreating what I had with them in another Broker. Folio made implementing multiple strategies with periodic exchange/rebalancing a simple, 10-min task. All comments are welcomed.

Apr 9, 2021 9:10:01 AM       
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