Tradier Brokerage Review
Tradier Brokerage is a US API first broker that powers 200 plus investing apps. FINRA fined it 75,000 dollars in March 2026 for hiding complaints.
Min Deposit
N/A
Spreads From
Commission free on many US equities and options through its own brokerage
Max Leverage
Standard US margin account limits apply, set by Tradier's own margin agreement
Platforms
4
Pros
- Powers more than 200 outside investing apps and platforms through its API
- FINRA and SEC registered broker dealer, clearing through Apex Clearing
- Founded by a team with real prior brokerage experience at TradeKing
- Registered to do business in all 50 states plus DC and Puerto Rico
Cons
- FINRA fined it 75,000 dollars in March 2026 for hiding hundreds of complaints
- The same case found its complaint supervision system was not properly enforced
- SEC fined it 50,000 dollars in 2021 for missing Form CRS filing deadlines
- Built mainly as backend infrastructure, less familiar to everyday retail traders
- Not built for customers based outside the United States
Tradier was founded in 2012 by Dan Raju and a small team who had worked at TradeKing. Its broker dealer, Tradier Brokerage, Inc., has been FINRA registered since 2001 under an older corporate shell, and today it mainly acts as brokerage infrastructure, letting more than 200 outside investing apps plug into stocks, options, and futures trading through its API.
Tradier does not hold client funds itself. It clears trades through Apex Clearing Corporation on a fully disclosed basis, and is registered with the SEC and in all 50 states plus Washington DC and Puerto Rico.
The FINRA record shows two final regulatory actions. In March 2026 FINRA censured and fined Tradier 75,000 dollars for reporting fewer than 20 customer complaints when it should have reported hundreds, tied to website problems and margin and options issues. In 2021 the SEC fined it 50,000 dollars for missing the deadline to deliver its Form CRS disclosure.
Max Leverage
Standard US margin account limits apply, set by Tradier's own margin agreement
Spreads From
Commission free on many US equities and options through its own brokerage
Platforms
Regulators
Platforms
- FINRA
- SIPC
