TradersPost Review 2023 - Is It Worth It? (2024)

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What Is TradersPost?

Founded in 2021 by Jonathan Wage, TradersPost is an automated trading platform that seamlessly implements investing strategies. TradersPost has over $20 million in assets under management, 2,000 active users, and more than 1 million trades executed.

TradersPost started as a personal project and has become one of the most valuable options for traders looking to automate their trading and track all their assets. TradersPost is compatible with five of the largest brokers – including TD Ameritrade, Robinhood, and TradeStation – and 4+ of the most established research platforms, including TrendSpider and TradingView.

In this quick TradersPost summary, I will go over all the best features of this platform. If you want to read a more in-depth analysis, check out our full TradersPost review.

Pros & Cons of TradersPost

Pros

  • Supportrs US-based equities, options, futures, and forex
  • Place trades automatically from your favorite broker
  • Available on desktop and mobile devices
  • Trade with your IRA
  • Import trading strategies and implement them instantly

Cons

  • Limited support for stocks
  • Only supports five brokers

Supported Asset Classes

TradersPost is compatible with most US markets and offers complete access to:

  • US-based stocks & ETFs
  • Forex
  • Options
  • Futures
  • Crypto

As of 2023, support for futures and crypto is limited, but they’re working on expanding and adding more asset classes in the near future.

Connect Your TradersPost Account With Your Favourite Broker

TradersPost is compatible with five of the largest online brokerages, and they’re always constantly working to increase their offerings. Next on the roadmap are Interactive Brokers, Coinbase, and Fidelity. As of early 2023, the supported brokers include:

  • TD Ameritrade
  • TradeStation
  • Robinhood
  • Alpaca
  • Tradie

After signing up, synchronizing your broker is easy and takes just a few minutes. Here are the steps:

  • Sign in to your TradersPost account
  • Navigate to the Brokers menu
  • On the top right, click Connect Broker
  • Select a broker and fill in some basic information

If you have any trouble or need more detailed information, you can contact TradersPost customer support anytime.

Import Your Trading Strategies Automatically

TradersPost supports synchronization with online brokerages – and you can also sync it with your favorite stock research platform and import your trading strategies automatically. The best of all is that you don’t need any coding experience. Here are some of the supported research platforms:

TradersPost uses webhooks – an automated message – to send the information about your trade from your research platform to your broker, which executes the trade for you. All of this without having to enter any of your personal information or log in to any platform.

Consolidate Your Investments In One Place

One of our favorite features about TradersPost is that you can keep track of every single investment from one trading interface. You can manage all your position across multiple accounts and brokers, simplifying and speeding up your trading process.

Additionally, TradersPost offers a safe backtesting environment where you can safely test out your strategies. If you’re looking to optimize your trading and save time, we recommend we can’t recommend this platform enough.

TradersPost Fees

  • TradersPost Starter: $42/month (or $588/year)
  • TradersPost Basic: $99/month (or $1,010/year)
  • TradersPost Pro: $199/month (or $2,030/year)
  • TradersPost Premium: $299/month (or $3,050/year)

Sign-Up Process

Anyone can sign up for a TradersPost account, and there are no special requirements. To create an account, you only need a valid email address. Here are the steps:

  • Visit TradersPost’s website
  • On the top right, click Register
  • Enter your email address

If you use our link to sign up, you will get a 15% discount on all annual subscriptions, plus access to a 30-day free TradersPost account with full paper trading access.

TradersPost Trustpilot Reviews

TradersPost has outstanding user reviews, with an average rating of 4.8 on Trustpilot. Here’s what some of those users have to say about TradersPost:

  • “Traderspost is very well built (Webhook to exchange/broker integration), and it works well. If you have the right strategy or indicator, this is the tool you need to look for as it’s easy to use and has a lot of paper trading options.” – Hari C.
  • “Trading the US market from Australia is hard enough without battling the time difference. Traders post has allowed me to run my strategy on autopilot and get some sleep while making some money. ” – Tim F.
  • “TradersPost allows me to make a humanly impossible trade. Dozens of trades on multiple assets are executed flawlessly while I sit back and relax. The dev team is very responsive and has many new features coming down the road.” – Edau D.
  • “This product is so on point. I used to be glued to my computer watching charts all day until I started using this. Well, I am done with you all. Tools like this make this tough market we are in feel a little better, honestly.” – Chris M.

Final Thoughts

TradersPost is an excellent option if you want to take a hands-off approach to trade with an automated trading platform. Despite being relatively new, it has already established itself as one of the most solid options in the market, with very reasonable fees and broad support for the largest brokers and stock research platforms out there. For intermediate and expert traders looking to take their trading to the next level and optimize their time, we can’t recommend this platform enough.

TradersPost Review 2023 - Is It Worth It? (1)

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Comments

TradersPost Review 2023 - Is It Worth It? (2024)

FAQs

Is TradersPost legit? ›

TradersPost Reviews

Customer service is fast and always on the spot although honestly there have really been no issues and has been a very stable and reliable platform. I'd be in a coding zoo mess without this as well as no ability to indirectly share my algos in realtime.” “There is nothing out there like this.

How much money do day traders with $10,000 accounts make per day on average? ›

With a $10,000 account, a good day might bring in a five percent gain, which is $500. However, day traders also need to consider fixed costs such as commissions charged by brokers. These commissions can eat into profits, and day traders need to earn enough to overcome these fees [2].

Can you make 100k a year day trading? ›

But, those who follow strict trading rules can easily make an income of over $100,000 per year or more. Likewise, the national average salary for day traders who work for a company is $122,724 (source: Glassdoor). You can see below that this average varies based on where you work.

Which online trading platform is best? ›

Summary of the best online brokers:
  • Fidelity Investments.
  • Interactive Brokers.
  • Charles Schwab.
  • Webull.
  • J.P. Morgan Self-Directed Investing.
  • Robinhood.
  • SoFi Active Investing.
  • E*TRADE.

Can you make $200 a day day trading? ›

A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.

Can I make 1000 per day from trading? ›

Earning Rs. 1000 per day in the share market requires knowledge, discipline, and a well-defined strategy. Whether you choose day trading, swing trading, fundamental analysis, or any other approach, remember that success takes time and effort. The share market can be highly rewarding but carries inherent risks.

Who is the most profitable day trader? ›

There are a lot of successful traders but Jesse Livermore is often regarded as the most successful day trader.

What do top day traders make? ›

Day Trader Salary
Annual SalaryMonthly Pay
Top Earners$185,000$15,416
75th Percentile$105,500$8,791
Average$96,774$8,064
25th Percentile$56,500$4,708

Can day trading make you a billionaire? ›

Day trading does not help one get rich overnight. Many of the traders start intraday trading with an assumption that they can generate good money by making profits with just a single trade. But this is practically not possible and is not real as well. Experienced traders will attest to this.

How much do you need to make $100 a day trading? ›

You're really probably going to need closer to 4,000 or $5,000 in order to make that $100 a day consistently. And ultimately it's going to be a couple of trades a week where you total $500 a week, so it's going to take a little bit more work.

What app do most traders use? ›

TD Ameritrade's thinkorswim is a top stock trading app for active traders. TD Ameritrade features accounts with no recurring fees and no minimum balance. It offers various accounts and investments, including some less commonly supported investments, such as futures, forex, and cryptocurrencies.

What platform do most day traders trade on? ›

Interactive Brokers (IBKR) remains firmly entrenched as our overall pick as Best Online Broker for Day Trading because it offers among the widest ranges of assets available to trade while charging some of the lowest commissions and margin rates in the industry.

Which trading is best for beginners? ›

Overview: Swing trading is an excellent starting point for beginners. It strikes a balance between the fast-paced day trading and long-term investing.

How much does a day trader make per day? ›

Some traders aim to earn 1%-2.5% of their account balance daily. It should be noted that higher risks usually accompany higher returns and that traders who risk more have a higher potential to blow out their trading accounts.

How much do day traders trade per day? ›

A day trader might make 100 to a few hundred trades in a day, depending on the strategy and how frequently attractive opportunities appear. With so many trades, it's important that day traders keep costs low — our online broker comparison tool can help narrow the options.

What is the average return for a day trader? ›

A frequently quoted day trader average return rate is 10 percent, but recall that the failure rate is about 95 percent. Moreover, as NYU's 93 years of stock market return data illustrates, the average rate of return for the stock market historically has been 9.8 percent.

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