This review dives into TradeHawk, an inclusive stock and options trading platform designed for active traders and investors. Developed by OptionEyes Holdings LLC, TradeHawk offers a user-friendly interface and powerful features within a secure and regulated environment.
TradeHawk brokerage review
TradeHawk is a complete stock and options trading platform designed for retail traders and investors. Developed by OptionEyes Holdings LLC in 2017, it offers a user-friendly interface and powerful features.
As part of Tradier Brokerage, the SEC and FINRA, ensure a secure and reliable trading environment and regulate TradeHawk. The platform is for simplicity and transparent pricing, making it accessible to traders of all levels.
Quick insights
Regulation
Tradier Brokerage is a regulated company that offers investors a degree of protection.
- SEC Registration: Tradier Brokerage Inc. is registered and regulated with the Securities and Exchange Commission SEC as a broker-dealer.
- FINRA Membership: The Company is also a member of the Financial Industry Regulatory Authority FINRA.
- SIPC Protection: Tradier Brokerage is a member of the Securities Investor Protection Corporation SIPC. This means that if the company were to go bankrupt, SIPC would provide up to $500,000 in protection for your securities and cash, with a $250,000 limit for cash.
- SEC Regulation T: TradeHawk customers are subject to Regulation T, which sets forth a holding period for shares of stock or option contracts sold in a cash account. For options, this period is one business day.
Asset classes
TradeHawk offers stocks, options, and ETFs with low-cost access to 22 stock exchanges and 14 options markets. However, it does not support forex, futures, crypto, or NFTs.
Tradier’s trading platform
Tradier’s web-based trading platform is designed for active traders, offering features like advanced orders, multiple chains view, and easy paper trading. With competitive pricing and a user-friendly interface, Tradier provides the tools you need to stay on top of the markets.
Platform access
Tradier Web It is a web-based platform for desktop trading.
Tradier Pro is a more advanced platform with enhanced features and customization options.
Mobile App: you can trade on the go with the Tradier Mobile app.
Trading view
By connecting your Tradier account, you can seamlessly access these powerful features and enhance your trading experience.
TradingView is a leading charting platform offering a wide range of technical analysis tools, stock screeners, and a vibrant community. With over 50 million users, TradingView provides access to market news, corporate reports, and the ability to simulate and test trading strategies.
Active traders at Tradier brokerage
| Feature | Details |
| Web platform | It is a user-friendly web-based platform with real-time trading tools. |
| Pricing plans | Lite Plan: $0.35/contract Pro Plan: $10/month, $0/contract |
| Futures trading | Starts at $0.35 per contract Pro and $0.10 per contract Pro Plus |
| IRA fees | Annual IRA fee waived with Pro/Pro Plus account. |
| Advanced trading tools | Advanced order types, charting, risk analysis, and portfolio tools |
| Copy and paper trading | Practice paper trading or copy trades from experienced traders |
| Ongoing support | Dedicated support staff for both trading and technical issues |
| Access platforms | Desktop app, Web app, Mobile app, and API access |
Account types
TradeHawk offers two account types tailored to different trading needs.
- Pro: Offers multi-leg option strategies for a $10 monthly subscription.
- Elite is designed for active traders with no contract commissions.
Levels for options trading
| Level | Features | Account Minimum |
| Level 1 | Covered calls, cash-secured puts | No minimum |
| Level 2 | Adds long calls and puts | No minimum |
| Level 3 | Adds option spreads | No minimum |
| Level 4 | Adds naked puts | $10,000 |
| Level 5 | Adds naked calls | $50,000 |
| Level 6 | Adds naked index options | $100,000 |
Demo account
TradeHawk offers a free demo account to all new clients, allowing you to practice trading strategies and learn the platform without risking real money. With up to $100,000 in virtual funds, you can experiment with different approaches and get familiar with the platform’s features.
Deposit and withdrawal methods at Tradier
No minimum deposit is required for cash trading accounts.
- No minimum deposit.
- Deposit via ACH, wire, or check.
- ACH withdrawal limit is $25,000/day.
- Wire transfers are processed the same day if requested by 1 PM EST.
Account fees at Tradier brokerage
Three plans: Lite – Free, Pro – $10/month, Pro Plus – $35/month
Fees vary by plan and asset class stocks, options, futures.
Minimum deposit
- Tradier Brokerage: $0
- Tradier Futures: $2,000
Inactivity fees
- Account less than $2,000 and less than 2 trades per year: $50/yr.
- International accounts with less than 2 executed trades per month: $20.
IRA fees
- Annual fee: $30
- Termination fee: $60
Statements and confirms
- Electronic: $0
- Paper statement: $6 each
- Paper confirm: $3 each
Trading fees
- Margin Interest: 9.50%
- Option assignment/Exercise: $9
- Broker-assisted trades include margin/position sellouts and short forced buy-ins for $10 + regular commission.
- Index options: $0.35 per contract.
- Warrant transactions: Additional $25 fee.
Regulatory and clearing pass-through fees
Regulatory and clearing fees apply, including clearing fees of $0.0775/contract, index options fees e.g., SPX $0.45/contract and SEC/TAF fees. See full fee details online.
Less common fees
- DWAC/DRS per CUSIP: $150
- Mutual fund transaction: $30
- Mutual Fund NTF Ticket: $10
- New account opening paper application: $10
- Overnight mail – Domestic: $50
- Paper tax statement: $6
- Returned mail: $2
- Warrant conversion per deliverable security/component: $150
- Mandatory reorg $0/event
- Voluntary reorg $50/event
- Reverse split: $0.75/event
Customer support
- Customer service is available by Phone, online form, ticket, email or phone.
- Business hours: Monday-Friday, 8 AM to 5 PM Eastern Time.
- A self-help FAQ section is also available online.
- Phone Number: +1(980) 272-3880.
- Email: [email protected].
- Postal Address: 11016 Rushmore Dr, Suite 350, Charlotte, NC 28277.
Pros
- Trade Hawk offers a Free demo account for practice trading.
- SIPC investor protection up to $500,000.
- Multiple customer service options: phone, email, online form.
- Various deposit methods.
- Mobile app access.
- No minimum deposit to open an account.
- Advanced trading platform for stocks and options.
- Regulated by the SEC for added security.
Cons
- Options trading are risky and not suitable for all investors.
- Tradier Brokerage accounts are not FDIC insured.
- See the original text for the complete disclaimer and contact information.
- Limited educational resources for beginners.
- No customer support on weekends.
- Doesn’t offer forex, futures, or cryptocurrency trading.
Conclusion
TradeHawk caters to active traders seeking a powerful platform for stock and options trading. The platform’s user-friendly interface, advanced features, and competitive pricing make it a strong contender, but beginners may find the lack of educational resources and limited asset classes an obstacle. Also check competitor NinjaTrader review.
Pro Tip
Discover the features, benefits, and drawbacks of TradeHawk, a powerful stock and options trading platform designed for active traders. Learn about its pricing, account types, and regulatory compliance in this detailed review with the help of our trusted forex broker.
