tradier VS OpenInvest

Compare tradier VS OpenInvest and see what are their differences

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OpenInvest

Responsible investing made easy

Landing page //
2023-10-08

Landing page //
2023-07-28

tradier

Website: tradier.com
Pricing URL: Official tradier Pricing

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OpenInvest

Website: openinvest.com
Pricing URL: -

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tradier features and specs

Low Commissions
Tradier offers competitive pricing with low commissions on trades, making it an attractive option for frequent traders.
API Access
Tradier provides a robust API, allowing developers and algorithmic traders to integrate and automate their trading strategies easily.
Partner Network
The platform has a wide network of partners, allowing users to access additional tools and resources for enhanced trading experiences.
Customizable Trading Platform
Clients can choose from different trading platforms and customize their trading experience based on their needs and preferences.

Possible disadvantages of tradier

Limited Research Tools
Tradier's platform offers fewer research tools and educational resources compared to some of its competitors, which may not suit beginners.
No Forex or Futures Trading
The platform mainly supports stock and options trading, lacking the ability to trade forex or futures, limiting those looking for a wider range of assets.
Inactivity Fees
Tradier can impose inactivity fees if certain conditions, like keeping a minimum balance or executing trades within a period, are not met.
Complex Pricing Model
The pricing model can be complex and might confuse some users, especially those who are new to trading or brokerage services.

OpenInvest features and specs

Socially Responsible Investing
OpenInvest offers investment opportunities focused on ESG (Environmental, Social, and Governance) criteria, allowing users to invest in companies that align with their values.
Customization and Flexibility
Users can customize their portfolios according to specific social, environmental, and governance issues they are passionate about, providing greater control over their investments.
Transparency
OpenInvest provides transparent reporting on how client investments align or conflict with their chosen values, enhancing clarity and investor understanding.
User-Friendly Platform
The platform is designed to be intuitive and easy to use, making it accessible for users who may not have extensive financial or investment experience.
Active Proxy Voting
OpenInvest enables investors to actively participate in shareholder voting on company resolutions, ensuring their values are represented in corporate governance.

Possible disadvantages of OpenInvest

Higher Fees
OpenInvest may charge higher fees compared to traditional investment platforms, which can eat into returns, especially for smaller portfolios.
Limited Historical Performance Data
As a relatively newer platform, OpenInvest may have limited historical performance data available, making it difficult for users to evaluate long-term returns.
Niche Market
OpenInvest focuses on a niche market of socially responsible investors, which may not appeal to or align with conventional investors looking for traditional financial returns.
Potentially Limited Diversification
By focusing on certain ESG criteria, there might be a reduction in diversification potential compared to broader investment options.
Market Bias
The focus on specific ESG issues can introduce biases that may not always align with market opportunities, potentially impacting financial performance.

tradier videos

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Tradier API - Stock and Option Trading with Python - First Impressions

OpenInvest videos

+ Add

An introduction to OpenInvest

Category Popularity

0-100% (relative to tradier and OpenInvest)

OpenInvest

Finance

51 51%

Finance

49% 49

Investing

37 37%

Investing

63% 63

Trading

52 52%

Trading

48% 48

Fintech

0 0%

Fintech

100% 100

User comments

Share your experience with using tradier and OpenInvest. For example, how are they different and which one is better?

Social recommendations and mentions

Based on our record, tradier seems to be more popular. It has been mentiond 8 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

tradier mentions (8)

Actually good APIs?
Have you looked at Tradier? It has a rest API and can stream quotes and account activity. Source: over 2 years ago
Help with Trading Journal
I can share some of my history from my trades with Tradier and their trades are cleared (handled) by apex clearing which should allow you to support a number of different brokers at the same time if you can handle their formatting. Source: almost 3 years ago
I created an open-source algotrading platform
This example assumes you've read the README, cloned the repo, set the environment variables, and turned the system on. You will also need to get an API key from Tradier. Navigate to localhost:3000 and do the following to create a strategy. Source: about 3 years ago
Best Broker for algotrading a small account ?
I use tradier.com to trade using api's. It is low cost and works well. Source: about 3 years ago
Experience is Expensive or some bullshit like that. True retard positions included.
If you want extremely bare bones... Then check these guys out Https://tradier.com/. Source: almost 4 years ago