Tradier vs Alpaca Comparison: Fees, Features, and More (2025)

Tradier and Alpaca are two leading discount brokerages offering commission-free stock and ETF trading. Use this head-to-head comparison table to evaluate fees, features, trading tools, and account options to help you decide which broker is right for you in 2025.

Head-to-Head Comparison: Tradier vs Alpaca (2025)
Feature Tradier Alpaca
Website https://tradier.com/ https://alpaca.markets/
Broker Type API-Only API-Only
Trading: Stock & ETF? Yes Yes
ETF & Stock commission No fee No fee
Fractional Shares? No Yes
Percent Allocations? No Yes; via API
Crypto Trading? No Yes
Crypto Fees not applicable 0.35%
Options Trading? Yes No
Options Fee 35 cents not applicable
Bond Trading Available? No No
Pays for Order Flow (PFOF)? Yes Yes
Interface: Web trading? No No
Desktop trading? No No
API Trading? Yes; Tradier API Yes; Alpaca Trading API
Mutual Funds: Offered? No No
Total Mutual Funds None None
NTF Mutual Funds None None
Non-NTF Fund Fee not applicable not applicable
Early Redemption Fee? not applicable not applicable
Redemption Hold (Days) not applicable not applicable
Early Redemption Fee not applicable not applicable
Accounts: Margin Accounts? Yes Yes
IRAs Offered? Yes No
HSAs Offered? No No
Money Market Sweep? No No
CDs Offered? No No
Robo-Advisor: Offered No No
Robo-Advisor Service none none
Robo-Advisor Fes not applicable not applicable
Basics: Headquarters Charlotte, NC San Mateo, CA
Year Founded 2012 2018
Clearing Firm Apex Clearing Apex Clearing
Local Branches? No No
New Account Minimum $0 $0

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