Key Takeaways
- PickMyTrade wins on price ($50/month unlimited) and broker support (exclusive Rithmic, ProjectX, TradeLocker support)
- TradersPost wins on multi-asset flexibility (futures, stocks, options, crypto) and signal source diversity
- Both are signal relay tools -- neither includes backtesting or strategy building, so you need TradingView or another signal source
- PickMyTrade's execution speed is approximately 200ms from alert to broker fill
- For prop firm futures traders, PickMyTrade is the better value; for multi-asset portfolio traders, TradersPost justifies its premium
PickMyTrade and TradersPost are the two most popular signal relay platforms for futures traders. Both convert TradingView alerts into live broker orders, but they differ significantly in pricing, broker support, feature depth, and target audience.
If you are choosing between these two platforms, this comparison will help you decide based on your specific trading needs, budget, and the brokers you use.
What Are Signal Relay Platforms?
Before diving into the comparison, it is important to understand what signal relay platforms do and do not do.
What they do:
- Receive trade signals from an external source (TradingView webhooks, TrendSpider, custom API)
- Convert those signals into broker orders
- Manage order placement, modification, and cancellation
- Route signals to one or multiple broker accounts simultaneously
What they do not do:
- Generate trade signals (you need TradingView, TrendSpider, or custom code)
- Backtest strategies (you cannot validate performance before going live)
- Build trading strategies (no visual builder or strategy creation tools)
- Provide historical data or analytics
This distinction matters because the total cost and effectiveness of your automation setup depends on the signal source you pair with the relay platform. Both PickMyTrade and TradersPost require an external signal generator.
If you want a platform that includes backtesting and strategy building in addition to execution, see our best futures trading bot comparison.
Pricing Comparison
Pricing is where these platforms diverge most sharply.
PickMyTrade Pricing
| Plan | Monthly Cost | Strategies | Accounts | Features |
|---|---|---|---|---|
| Standard | $50/mo | Unlimited | Unlimited | Full feature access |
PickMyTrade keeps pricing simple: one plan at $50/month with no limits on strategies, trades, or connected accounts. There are no tiers, no upsells, and no per-account charges.
Total cost with TradingView: $50 (PickMyTrade) + $24.95 (TradingView Essential) = $74.95/month
TradersPost Pricing
| Plan | Monthly Cost | Live Accounts | Asset Classes | Strategies |
|---|---|---|---|---|
| Free | $0 | 0 | 1 | 1 |
| Starter | $49/mo | 1 | 1 | 3 |
| Growth | $149/mo | 3 | All | 10 |
| Pro | $299/mo | Unlimited | All | Unlimited |
TradersPost uses a tiered pricing model. The Starter plan ($49/month) limits you to 1 live account and 1 asset class. Adding a second account costs $10/month extra. To get unlimited accounts and strategies comparable to PickMyTrade's $50 plan, you need the Pro plan at $299/month.
Total cost with TradingView (Starter): $49 (TradersPost) + $24.95 (TradingView Essential) = $73.95/month (but limited to 1 account)
Total cost with TradingView (Pro): $299 (TradersPost) + $24.95 (TradingView Essential) = $323.95/month (unlimited)
Cost Verdict
For futures traders running multiple strategies or accounts, PickMyTrade costs $50/month where TradersPost costs $299/month for equivalent capability. That is a $249/month difference -- nearly $3,000/year. PickMyTrade wins decisively on pricing for futures-focused traders.
Broker Support Comparison
Broker compatibility can be a dealbreaker depending on which prop firm or brokerage you use.
PickMyTrade Broker Support
- Tradovate (supports Tradovate-based prop firms)
- Rithmic (exclusive -- no other signal relay supports Rithmic)
- ProjectX (exclusive -- used by TopstepX)
- TradeLocker (exclusive)
- Match-Trader (exclusive)
- Interactive Brokers
- TradeStation
PickMyTrade's exclusive support for Rithmic, ProjectX, TradeLocker, and Match-Trader is a significant competitive advantage. If you trade on TopstepX (which uses ProjectX), PickMyTrade is one of your only signal relay options.
TradersPost Broker Support
- Tradovate (futures)
- Alpaca (stocks)
- Interactive Brokers (multi-asset)
- TradeStation (multi-asset)
- Coinbase (crypto)
- Robinhood (stocks)
TradersPost supports more asset classes but fewer futures-specific brokers. Notably, TradersPost does not support Rithmic or ProjectX, which means it cannot connect to TopstepX's native API or Rithmic-based prop firms.
Broker Verdict
For futures prop firm traders, PickMyTrade's exclusive broker support is the clear winner. For multi-asset traders who need stocks and crypto alongside futures, TradersPost offers broader coverage.
Feature Comparison
Signal Processing
PickMyTrade:
- TradingView webhook only
- Processes Pine Script alerts
- Bracket order support (stop-loss + take-profit attached to entry)
- Multi-account signal broadcasting
- Reverse position capability
TradersPost:
- TradingView webhooks
- TrendSpider webhooks
- Custom API webhooks
- JSON payload configuration
- Conditional order logic
- Paper trading mode for testing signals
TradersPost accepts signals from more sources and offers more sophisticated signal processing. PickMyTrade is TradingView-only but handles that integration very well.
Order Management
PickMyTrade:
- Market, limit, and stop orders
- Bracket orders with configurable SL/TP
- Position flattening
- Multi-account order routing
- Order modification and cancellation
TradersPost:
- Market, limit, stop, and OCO orders
- Bracket orders
- Conditional orders (if-then logic)
- Position sizing based on account balance
- Order queuing and retry logic
TradersPost has more advanced order types and conditional logic. For straightforward futures automation, PickMyTrade covers all essential order types.
Execution Speed
PickMyTrade: Approximately 200ms from TradingView alert to broker order fill. This includes TradingView webhook delivery, PickMyTrade processing, and broker order submission.
TradersPost: Execution speed varies by plan tier. The Pro plan includes priority execution. Typical latency is comparable to PickMyTrade for standard operations, though exact benchmarks are not publicly available.
For day trading futures where speed matters, both platforms are fast enough for most strategies. Neither is suitable for HFT (high-frequency trading) where microsecond latency matters.
Monitoring and Logging
PickMyTrade:
- Trade log with entry/exit details
- Real-time position display
- Connection status monitoring
- Basic PnL reporting
TradersPost:
- Comprehensive trade log
- Signal audit trail (every received signal logged)
- Paper trading mode for risk-free testing
- Performance analytics
- API access for custom reporting
TradersPost offers more sophisticated monitoring and analytics, including the paper trading mode that lets you test signal flow without placing real orders.
Use Case Comparison
Use Case 1: Prop Firm Futures Trader on TopstepX
Winner: PickMyTrade
PickMyTrade supports ProjectX (TopstepX's broker infrastructure) while TradersPost does not. If you trade on TopstepX, PickMyTrade is your primary signal relay option. The $50/month price point is also significantly lower.
Use Case 2: Prop Firm Trader on Tradovate-Based Firms
Winner: PickMyTrade
Both platforms support Tradovate, but PickMyTrade's unlimited accounts at $50/month beats TradersPost's tiered pricing. If you are running the same strategy on multiple Tradovate-based prop firm accounts, PickMyTrade is substantially cheaper.
Use Case 3: Multi-Asset Portfolio Trader
Winner: TradersPost
If you trade futures, stocks, and crypto and want one platform to relay signals for all asset classes, TradersPost is the better choice. PickMyTrade focuses primarily on futures.
Use Case 4: Developer with Custom Signal Source
Winner: TradersPost
TradersPost accepts custom API webhooks with configurable JSON payloads. If you generate signals from your own Python script, trading system, or AI model (not TradingView), TradersPost's flexible signal input is better suited.
Use Case 5: Budget-Conscious Beginner
Winner: PickMyTrade
At $50/month with no account or strategy limits, PickMyTrade is the most cost-effective entry point for automated futures trading. TradersPost's free tier is too limited for real trading.
The Missing Piece: Backtesting
Neither PickMyTrade nor TradersPost includes a backtesting engine. This is their shared weakness. You must validate your strategy before deploying it, and neither platform provides the tools to do so.
Your options for backtesting:
- TradingView's built-in strategy tester: Basic backtesting using Pine Script. Limited to TradingView's data and simplified PnL calculation (not tick-based).
- NinjaTrader: Powerful backtesting but requires C# programming and desktop installation.
- Sentinel Bot: Tick-based futures backtesting with visual strategy builder, specifically designed for CME contracts. Try the free trial.
If you want an all-in-one platform that includes backtesting, strategy building, and execution without relying on TradingView, Sentinel Bot fills the gap that both PickMyTrade and TradersPost leave open.
Learn more about backtesting futures strategies in our step-by-step guide.
When to Choose Neither
Signal relay platforms work well for traders who already have profitable TradingView strategies. But if you are still developing your trading approach, a signal relay adds cost without adding value.
Consider a full-stack platform instead of a signal relay if:
- You do not have a proven TradingView strategy yet
- You want to backtest before risking capital
- You prefer visual strategy building over Pine Script coding
- You want everything in one platform rather than managing multiple subscriptions
- You trade exclusively on CME futures
Our PickMyTrade alternatives guide covers additional options beyond signal relay, including full-stack platforms.
Final Verdict
PickMyTrade is the better choice for most futures traders. It costs 83% less than TradersPost's comparable tier ($50 vs $299), supports more futures-specific brokers (including exclusive Rithmic and ProjectX), and delivers fast execution. If you trade futures on prop firms, PickMyTrade is the clear winner.
TradersPost is the better choice for multi-asset traders who need stocks, options, and crypto alongside futures. Its higher price buys flexibility across asset classes and signal sources.
Neither is the best choice if you need backtesting. Both platforms assume you have a tested strategy ready to deploy. If you are still developing and validating your approach, start with a platform that includes backtesting (like Sentinel Bot) before committing to a signal relay subscription.
Want backtesting plus execution in one platform? Sentinel Bot includes what PickMyTrade and TradersPost leave out: a tick-based backtest engine and visual strategy builder for CME futures. Start your free trial -->
FAQ
Q: Can I use PickMyTrade and TradersPost simultaneously?
Yes, there is no technical conflict. You could use PickMyTrade for futures on Rithmic/ProjectX and TradersPost for stocks on Alpaca. However, this adds cost and complexity. Most traders choose one platform.
Q: Does PickMyTrade support options trading?
No. PickMyTrade focuses on futures and forex. For options automation, TradersPost or a dedicated options platform is needed.
Q: Can I switch from TradersPost to PickMyTrade mid-month?
Yes. Both platforms are month-to-month subscriptions with no long-term contracts. Cancel one and subscribe to the other at any time. There is no migration tool -- you will need to reconfigure your TradingView alerts for the new webhook URL.
Q: Which platform has better customer support?
Both offer support through their respective channels. PickMyTrade has an active community and responsive support team. TradersPost provides documentation, email support, and a knowledge base. Neither offers phone support.
Q: Do these platforms work with TopstepX?
PickMyTrade works with TopstepX through ProjectX. TradersPost does not support ProjectX and cannot connect directly to TopstepX. TradersPost can only connect to Tradovate-based firms.
Q: What happens if TradingView goes down while my bot is trading?
Both platforms depend on TradingView for signal generation. If TradingView has an outage, no new signals will be sent. Existing orders (stop-loss, take-profit) that are already placed at the broker remain active. But no new entries will occur until TradingView recovers. This dependency is a structural risk of all signal relay platforms.
Related Articles
- PickMyTrade Alternatives: Best Futures Trading Automation 2026
- Best Futures Trading Bot 2026: Top 7 Software Ranked
- Can You Use Bots on TopstepX? Rules, Limits and Setup Guide
- Futures Trading Bot Free Trial: Test Automated CME Trading Risk-Free
Disclaimer: This article is for educational purposes only. Pricing and features are accurate as of early 2026 but may change. Always verify current pricing directly with each platform. Trading futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results.