WELCOME TO TRADIER’S OPTIONSBREW! Tradier Inc. is excited to announce its live web series: OptionsBrew! Now more than ever, people are taking control of their finances and using options as their go-to investment tool. Formerly a financial instrument for the select few, options are experiencing explosive growth as both new and veteran traders seek to diversify their investment tools. The fast-growing Tradier community, a blend of successful traders and advanced platforms, is creating a new generation of engaged options traders who are looking for innovative ways to gain an edge in the market. Tradier is introducing OptionsBrew as a way to gain that competitive edge. OptionsBrew host Kevin “Lex” Luthringshausen, a former professional options trader with decades of experience, will demystify options trading and discuss the strategies and philosophies of today’s successful traders along with an exciting list of special guests. OptionsBrew will serve up a lively interaction and discussions among industry professionals, including traders, educators, business leaders, and content providers. Join Lex as he talks shop with these industry leaders who will discuss a variety of options topics, including the health of the market, industry news, and investment strategies and tools they use on a daily basis. As a special bonus, OptionsBrew will be offering 100 seats in its virtual audience for each episode; virtual audience members can join Lex and his special guests live and ask questions about topics presented. The first episode is scheduled for mid-July 2020! Pre-register now: RSVP for OptionsBrew Subscribe to our YouTube channel, and follow us on Twitter….so you don’t miss out when we go live. OptionsBrew will be your go-to source for all things options trading! *All opinions expressed on the OptionsBrew are solely opinions of the show's host or guests and do not reflect the opinions of Tradier Inc. or its affiliates. You should not treat any opinion expressed on the show as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion. Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses please consider your financial condition and investment objectives before investing.
What USP does your platform offer to distinguish itself from let's say TOS (aside from Kevin “Lex” Luthringshausen)?
Thanks for your question. TradeHawk is a full-featured, advanced stock and options trading platform. It offers conditional and advanced orders, Strategy Trackers, IV and HVOL studies, Risk Simulators and Calculators for options, spreads, strategies, and entire positions and much more. Please feel free to try Paper Trading for FREE or take an online guided tour of the product: www.tradier.com/products/tradehawk Through Tradier Brokerage, we offer unlimited, commission-free stock and options trading on TradeHawk for $85 per month. What does this mean? No ticket charges, no $.65 per contract, just the single subscription fee!* So, for the active options trader, this type of plan begins to make sense. Once you’ve traded about 130 contracts in a month, you’re at breakeven at $.65 per contract versus our $85 monthly fee. Savings abound after your trading volume soars beyond the 130 contracts in a month. *Brokerage services provided by Tradier Brokerage FINRA/SIPC. Single Listed Index Options are subject to a $0.35/contract fee in addition to any other charges for exchange, OCC and regulatory fees. See Fee Schedule for more details
Is TradeHawk DMA/routable for the $85/fee? Is their any ceiling on contracts traded before you see reg-fees?
Hello! Chris here with the Tradier Brokerage service team. All orders on TradeHawk go through us and are routed through our clearing firm, Apex. We do not offer Direct Market Access. There is not a ceiling at which point you will see regulatory fees, these apply on each contract. You can view our FAQ regarding these regulatory fees here: https://brokerage.tradier.com/support. For any additional questions regarding trading, please email service@tradierbrokerage.com. Thanks!
So just to be clear, you are asking for $85 - 30 = $55 monthly for the use of a graphic user interface to place orders, instead of the API?
Hi Tony, Chris here with Tradier Brokerage. Opening an account with Tradier Brokerage and using our website or API is free. Option trades are $0.35/contract. Equity trading is free. For $30/month you can get $0 commission option trading added. For $85/month you can get access to TradeHawk and $0 commission option trading added. If you have any other questions, please email service@tradierbrokerage.com.
Thanks for that Chris, My understanding from looking at your site is that one has to spend $85 monthly to use a platform (hawk) before trades are commission free. Is that correct? I have since learned about Firstrade and wonder what the difference between the 2 of you is? My understanding is that you are both SIPC insured and both sell your order flow to APEX, or am I missing something? I am sure it is not as straightforward as saving $1,020 per year by choosing one over the other, and wanted just some clarification from your end. Many thanks