Tastytrade Review 2024: Pros & Cons (2024)

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Tastytrade Review 2024: Pros & Cons (1)

Written by Sam Levine, CFA, CMT
Edited by Carolyn Kimball
Fact-checked by Steven Hatzakis
Reviewed by Blain Reinkensmeyer

August 14, 2024

In the jungle of online trading platforms, tastytrade is the cheetah. It stalks opportunities, watches for danger, and then chases down its prey lightning-fast for the kill.

tastytrade’s platforms are ideal for frequent options and futures traders, thanks to their efficient workflows, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.

thumb_up_off_alt Pros

  • tastytrade's layout is genius. It’s one of the only downloadable platforms that works well on a laptop instead of a desk with three to six screens.
  • I’ve spent countless hours with traders over the years, and it’s obvious that the people at tastytrade live and breathe active trading.
  • Great options and crypto pricing.

thumb_down_off_alt Cons

  • tastytrade's maverick design approach makes the initial learning curve a bit steep, though I think it’s worth the effort.
  • No PDF research reports for deep divers.
  • Investment choices and education are oriented toward experienced traders.

Overall Summary

FeatureTastytrade Review 2024: Pros & Cons (2)
OverallTastytrade Review 2024: Pros & Cons (3)
Investment OptionsTastytrade Review 2024: Pros & Cons (4)
Commissions & FeesTastytrade Review 2024: Pros & Cons (5)
Mobile Trading AppsTastytrade Review 2024: Pros & Cons (6)
Platforms & ToolsTastytrade Review 2024: Pros & Cons (7)
ResearchTastytrade Review 2024: Pros & Cons (8)
Customer ServiceTastytrade Review 2024: Pros & Cons (9)
EducationTastytrade Review 2024: Pros & Cons (10)
Ease Of UseTastytrade Review 2024: Pros & Cons (11)

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Investment options

Traders will find more than enough to keep them busy through the trading day, but if you want to sock money away in a CD ladder or mutual funds, you won’t find those products here. tastytrade's platforms fully support listed stocks, ETFs, options, cryptocurrencies, futures, and options on futures. Some investments can be bought over the phone or held in accounts, but might not appear on the platform. Treasurys will appear on the desktop but need to be bought by calling the order in.

Cryptocurrency: Pricing is excellent (see below). tastytrade currently offers four coins for crypto trading (down from an original eight): Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. tastytrade doesn’t support short positions, redeeming coins, or transferring crypto into the account (but you are now able to withdraw to an external wallet).

currency_exchangeLooking to trade forex?

Check out tastytrade's sister brand, tastyfx, owned by IG and catering to US-based forex traders. To learn more, head over to our sister site, ForexBrokers.com, and read the in-depth tastyfx review.

FeatureTastytrade Review 2024: Pros & Cons (12)
Stock TradinginfoYes
Margin TradingYes
Fractional SharesinfoYes info
OTC StocksinfoNo
Options TradinginfoYes
Complex Options Max Legsinfo4
Bonds (US Treasury)infoNo info
Futures TradinginfoYes
Forex TradinginfoNo
Mutual Funds (Total)info0
Crypto TradinginfoYes
Crypto Trading - Total Coinsinfo4
Traditional IRAsinfoYes
Roth IRAsinfoYes
Advisor ServicesinfoNo

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Commissions and fees

The sizzle on the tastytrade steak is its options and crypto pricing, thanks to very low caps on the former and no commission on the latter. tastytrade's per-contract commission is 23% less than Fidelity and Schwab; and tastytrade charges a maximum commission of $10 per leg for options.

Stocks and ETFs: Stocks and ETFs trade commission-free.

Options: Stock and ETF options are charged $1 per contract to open, with a maximum of $10 per leg to open, and nothing to close. For comparison purposes, that’s $0.50 per contract each way, which is a shade cheaper than the $0.65 per contract charged by Charles Schwab, E*TRADE, and Fidelity Investments. But the $10 maximum charge per leg can lead to sweet savings on larger trades.

Options on futures are charged by the round trip, but there’s no maximum commission. Options on futures are $2.50 per contract. On micros, they are $1.50.

Penny stocks: Penny stocks aren’t supported at tastytrade.

Futures: Unlike the stock options and equity options pricing, these are charged on both sides of the trade and don’t have a maximum amount. Futures are $1.25 per contract, micros are $0.85, and Smalls are $0.25.

Cryptocurrency: Crypto trading at tastytrade is now commission-free (previously it was 1% per side). Big-time crypto traders will appreciate this change. Note that tastytrade and its liquidity provider are compensated from the bid/ask spreads by applying a markup or markdown of 35 basis points to the raw price feed, as is common in the industry.

FeatureTastytrade Review 2024: Pros & Cons (13)
Minimum Deposit$0.00
Stock Trades$0.00
Penny Stock Fees (OTC)infoN/A
ETF Trade Fee$0.00
Options (Base Fee)$0.00
Options (Per Contract)$0.50 info
Options Exercise Fee$5.00
Options Assignment Fee$5.00
Futures (Per Contract)$1.25
Mutual Fund Trade FeeN/A info
Broker Assisted Trade Fee$0

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Mobile trading apps

tastytrade’s biggest strength is its desktop platform, but there’s enough tap-happy finger trading goodness on the mobile app to drum up some serious blisters. Tap. You’re long. Tap and drag. You’ve canceled and replaced an order. Tap again. UR out. It’s that sort of an experience. The client dashboard and market news are new and very, very welcome.

Ease of use: The app is easy to use, but not intuitive. It’ll take some time before you navigate the app efficiently. Once you become familiar with the desktop platform, the app will make perfect sense. It’s super fast, and complex options orders are a snap to enter.

Watch lists: Watch lists can be scrolled both horizontally and vertically, something to keep in mind with many of tastytrade’s features. Personal watch lists sync across devices. You can pick and choose which columns are displayed.

Charting: On the mobile app, charts are crisp. Horizontal view is supported, as is zooming in and out. You can’t mark up charts with studies or annotations on the app, unlike the gazillion options available on the desktop.

Trading tools: With tastytrade's futures and options focus, it’s a good thing that risk management and order entry are front and center. Profit and loss diagrams are clear and you can adjust trades right on the graph. Dropdown option strategies quickly populate the order ticket fields and you can point and drag options legs until the probability of profit estimate, implied volatility and max gain/loss fit your plan.

Video content: Videos from tastylive, tastytrade's affiliated education network (which was itself formerly called tastytrade — a bit confusing, but stick with us), are available in the app. Don’t miss them. They are informal, even irreverent at times, and teach sophisticated topics while they comment on market action. They are as good a group of trading mentors as anyone could hope for.

Tap for a demo of tastytrade's app.

Tastytrade Review 2024: Pros & Cons (14) Tastytrade Review 2024: Pros & Cons (15)Tastytrade Review 2024: Pros & Cons (16)Tastytrade Review 2024: Pros & Cons (17)Tastytrade Review 2024: Pros & Cons (18)Tastytrade Review 2024: Pros & Cons (19)Tastytrade Review 2024: Pros & Cons (20)Tastytrade Review 2024: Pros & Cons (21)Tastytrade Review 2024: Pros & Cons (22)Tastytrade Review 2024: Pros & Cons (23)

FeatureTastytrade Review 2024: Pros & Cons (24)
iPhone AppinfoYes
Android AppinfoYes
Apple Watch AppinfoNo
Stock AlertsinfoNo
Charting - After-HoursinfoYes
Charting - Technical Studiesinfo0
Charting - Study CustomizationsinfoNo
Watch List (Streaming)infoYes
Watch Lists - Create & ManageinfoYes
Watch Lists - Column CustomizationinfoYes

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Other trading platforms and tools

tastytrade has a leg up (options traders — get it?) on its competition when it comes to efficient workflow and attractive design. We expect traders will be happiest on the desktop application, but there’s also a very functional browser-based platform. Some other brokers have platforms that are easier to master, others will allow you to trade more instruments, and there are brokers that provide more tools, but tastytrade stands out for how well it serves its target customers.

Like the mobile app, fundamental data and market news are readily accessible on the desktop platform and all platforms have useful client dashboards with market news.

Platforms overview: tastytrade's user interface is designed for efficient navigation and working well on one screen. You can enjoy a leisurely coffee at Starbucks and trade from your laptop without wishing you had six more 27” screens behind that venti Americano. The tradeoff for this smaller space is less customization than, say, Charles Schwab’s thinkorswim or Interactive Brokers’ Trader Workstation.

tastytrade has gutsy graphic designers, too. Not many brokers would use red and black as their primary design colors, but it helps tastytrade stand out from the crowd. I like it. It appeals to my anything-goes trader mentality, or at least the one I like to pretend I have.

Web platform: The browser-based platform is similar to the desktop platform, but doesn’t have quite the laser-like legibility. If your glasses have lenses as thick as the Hoover Dam (as mine do) you may even prefer the browser. For trading while traveling or at work (we won’t tell), the web platform is absolutely fine and a cut above many competitors. The charts are great and you can maintain a journal, a nice feature we’d love to see every broker offer.

Charting: On the desktop, the charts are crisp and, unlike the mobile, highly customizable. There are hundreds of technical studies and 19 drawing tools, all anyone could possibly need. The chart window can be subdivided into four independent charts. Charting on the browser platform isn’t as rich as the desktop and comes off like a work in progress.

tastytrade trading tools: The desktop supports clicking and dragging on several views to adjust orders. The profit/loss tool caters to options and can support multiple strategies. Watch lists sync across all platforms, and it’s easy to edit the watch lists and edit column views. Fundamental data is sorely lacking. We like how stock news is presented, in a readily available column.

Options trading: Futures and options are where tastytrade stands out, combining ease of use with advanced analysis and sophisticated profit and loss diagrams. Traders get tremendous value for that low options pricing.

Tastytrade Review 2024: Pros & Cons (25)Tastytrade Review 2024: Pros & Cons (26) Tastytrade Review 2024: Pros & Cons (27)Tastytrade Review 2024: Pros & Cons (28)Tastytrade Review 2024: Pros & Cons (29)Tastytrade Review 2024: Pros & Cons (30)Tastytrade Review 2024: Pros & Cons (31)Tastytrade Review 2024: Pros & Cons (32)Tastytrade Review 2024: Pros & Cons (33)

FeatureTastytrade Review 2024: Pros & Cons (34)
Active Trading Platforminfotastytrade
Desktop Trading PlatforminfoYes
Desktop Platform (Mac)infoYes
Web Trading PlatforminfoYes
Paper TradinginfoNo
Trade JournalinfoNo
Watch Lists - Total Fieldsinfo33
Charting - Indicators / Studiesinfo308
Charting - Drawing Toolsinfo31
Charting - Study Customizationsinfo7
Charting - Save ProfilesinfoYes
Trade Ideas - Technical AnalysisinfoNo
Streaming Time & SalesinfoNo
Trade Ideas - BacktestinginfoNo

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Research

My biggest pet peeve about tastytrade when last reviewed was its skimpy financial data and news. I understood that tasty wants to keep the platform lean and quick, but I still prefer to know the basics of what I’m buying or selling. Happily, the broker recently added financial statement data and stock news feeds.

There’s a new dashboard view that splashes market news, account performance, and new feature announcements. I think they’re smart adds and they don’t detract from efficient trading. They’re just there when you want them.

Having shared that welcome news, the research is still thin. If you like to peruse stock research reports or shop for ETFs according to tracking errors and expense ratios, you might want to keep an account with another broker.

Tastytrade Review 2024: Pros & Cons (35)Tastytrade Review 2024: Pros & Cons (36)Tastytrade Review 2024: Pros & Cons (37)Tastytrade Review 2024: Pros & Cons (38)Tastytrade Review 2024: Pros & Cons (39)Tastytrade Review 2024: Pros & Cons (40)Tastytrade Review 2024: Pros & Cons (41)Tastytrade Review 2024: Pros & Cons (42)

FeatureTastytrade Review 2024: Pros & Cons (43)
Research - StocksinfoYes
Stock Research - ESGinfoNo
Stock Research - PDF Reportsinfo0
Screener - StocksinfoNo
Research - ETFsinfoYes
Screener - ETFsinfoNo
Research - Mutual FundsinfoNo
Screener - Mutual FundsinfoNo
Research - Pink Sheets / OTCBBinfoNo
Research - BondsinfoNo

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Education

There’s not much education on tastytrade, at least not the same sort that you’ll find at Charles Schwab or Fidelity. tastytrade assumes that anyone logging on to the platform has at least an intermediate level knowledge level. Instead, you get an ongoing stream of commentary and programming that feels as if you found trading mentors.

Learning center: There’s a nascent learning center that has a ton of platform tutorials and a few educational pieces that are burdened with too much jargon. Pure novices will find the education intimidating. tastytrade’s affiliate network, tastylive, provides educational content on its website that covers the full range from beginner to expert trading.

Videos: The live video feed embedded in all the platforms is where you can level up your trading chops. You learn through watching traders discuss the markets and what they think is important. While doing that, they goof around, they tease each other, and maybe a few less-than-pristine words are uttered. It’s entertaining as well as informative. My only gripe is that the video player can take a while to initially load. It’s worth the wait.

Tastytrade Review 2024: Pros & Cons (44)

FeatureTastytrade Review 2024: Pros & Cons (45)
Education (Stocks)infoYes
Education (ETFs)infoYes
Education (Options)infoYes
Education (Mutual Funds)infoNo
Education (Bonds)infoNo
Education (Retirement)infoNo
Paper TradinginfoNo
VideosinfoNo
WebinarsinfoYes
Webinars (Archived)infoYes
Progress TrackinginfoNo
Interactive Learning - QuizzesinfoNo

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Customer service

To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 135 customer service tests were conducted over six weeks, with wait times logged for each call.

Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for tastytrade.

  • Average Connection Time: 1-2 minute
  • Average Net Promoter Score: 7.8 / 10
  • Average Professionalism Score: 6.5 / 10
  • Overall Score: 7.37 / 10
  • Ranking: 10th of 13 brokers

Banking services

tastytrade is not a bank brokerage, and traditional banking services aren’t currently offered — but you guessed that by now, didn’t you? Given its target market of active traders, we don’t expect to see tastytrade-branded travel rewards programs anytime soon.

FeatureTastytrade Review 2024: Pros & Cons (46)
Bank (Member FDIC)infoNo
Checking AccountsinfoNo
Savings AccountsinfoNo
Credit CardsinfoNo
Debit CardsinfoNo
Mortgage LoansinfoNo

Final thoughts

If you trade options, futures and crypto, tastytrade is an outstanding choice. Long term investors, mutual fund buyers and Warren Buffett wannabes will find other brokers cater better to their needs.

Here are our three top takeaways for tastytrade for 2024:

  1. tastytrade's platforms are speedy, the tools are useful, and the workflow is efficient.
  2. Options and crypto pricing are outstanding for larger trades.
  3. tastytrade goes its own way, and we think they’re doing it right.

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Is tastytrade a good broker?

tastytrade is an excellent broker for options and crypto traders, thanks to fee caps on options and no commission on crypto, sophisticated tools, and very efficient trading workflows. Though the name is relatively new on the scene, it was founded by well-known industry veterans and is owned by a large U.K. financial services company, IG Group.

Is my money safe with tastytrade?

Yes, your money is safe. tastytrade is a member of the Securities Investor Protection Corp., or SIPC. Your account is covered against broker insolvency for up to $500,000 per customer (of which $250,000 can be in cash). This coverage doesn’t protect you against investment losses. Brokers in the U.S. are highly regulated and, though tastytrade is relatively new on the scene, the people behind tastytrade are respected industry veterans.

How much does it cost to open a tastytrade account?

tastytrade doesn’t have an account minimum and there’s no charge to open a tastytrade account. Stocks and ETFs trade commission-free; stock and ETF options are $1 per contract to a maximum of $10 per leg to open. Options on futures are $2.50 per contract.

Does tastytrade provide a paper trading account?

No, tastytrade does not provide a paper trading account. If you wish to open a demo account, and practice with virtual money, you'll need to consider a competitor like Webull's trading app or Charles Schwab's thinkorswim platform. For a full run-down on the best brokers for simulated trading, check out my guide to paper trading.

How much are tastytrade withdrawal fees?

tastytrade does not charge for ACH withdrawals.

  • Domestic wires: $25
  • Foreign wires: $45
  • Domestic check: $5
  • Foreign check: $10
  • Dividend check: $5
  • Outgoing domestic overnight checks: $50
  • Outgoing foreign overnight checks: $100

Does tastytrade have an app?

tastytrade has an excellent mobile trading app that has much of the feel of the desktop platform. It’s available for both iOS and Android, and runs well on iPad.

How do I contact tastytrade?

You can contact tastytrade via clicking on the speech bubble on the website and harassing the chatbot until it gives up and offers phone and live chat support, or you can directly dial tastytrade at (888) 247-1963.

What is the difference between tastyworks and tastytrade?

tastytrade, an online trading-focused broker, is the new name of tastyworks following a rebranding in 2023. What is now tastylive, a trading education platform, used to be known as tastytrade. IG Group, a U.K.-based financial services provider, owns the whole tastytrade smorgasbord after acquiring the companies in late 2021.

About tastytrade

tastytrade is the brokerage arm, launched in 2017 (and formerly called tastyworks), of investing education and insights network tastylive (originally called tastytrade) which dates to 2011. tastytrade’s chief executive officer and chief technology officer hail from thinkorswim, the groundbreaking trading platform now owned by TD Ameritrade; as does tastytrade’s CEO. tastytrade and tastylive were acquired in 2021 by London-based fintech firm IG Group (OTC: IGGHY), which had a market capitalization of £2.53 billion as of October 2023.

tastytrade 2024 Results

For the StockBrokers.com 2024 Annual Awards, announced on Jan. 23, 2024, all U.S. equity brokers we reviewed were assessed on over 200 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.

StockBrokers.com also presented “Best in Class” awards to brokers for additional categories Beginners, Options Trading, Futures Trading, Day Trading, IRA Accounts, Investor Community, Penny Stock Trading, Bank Brokerage, High Net Worth Investors, and Customer Service. A “Best in Class” designation means finishing in the top five brokers for that category.

For more information, see how we test.

Category awards

Tastytrade Review 2024: Pros & Cons (47)Commissions & FeesDay TradingFutures TradingInvestor CommunityOptions Trading
Rank #1checkcheck
Streak #112
Best in Classcheckcheckcheckcheckcheck
Best in Class Streak12222

Industry awards

Tastytrade Review 2024: Pros & Cons (48)#1 Desktop Futures Trading Platform#1 Desktop Options Trading Platform
Rank #1checkcheck
Streak11

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StockBrokers.com Review Methodology

Our mission at StockBrokers.com is simple: provide thorough and unbiased reviews of online brokers, based on an extraordinary level of hands-on testing and data collection. Our ratings and awards are based on this data and our in-house experts’ deep authority in the field; brokers cannot pay for preferential treatment. Here’s more about trustworthiness at StockBrokers.com.

Our research team conducts thorough testing on a wide range of features, products, services, and tools for U.S. investors, collecting and validating thousands of data points in the process; this makes StockBrokers.com home to the largest independent database on the web covering the online broker industry. We test all available trading platforms for each broker and evaluate them based on a host of data-driven variables. All research, writing and data collection at StockBrokers.com is done by humans, for humans. Read our generative AI policy here.

As part of our process, all brokers had the annual opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Brokers also were offered the opportunity to provide executive time for an annual update meeting.

Our rigorous data validation process yields an error rate of less than .001% each year, providing site visitors quality data they can trust. Learn more about how we test.

tastytrade fees and features data

The data collection efforts at StockBrokers.com are unmatched in the industry. The following tables show a deeper dive into the offerings available at this broker. You can also compare its offerings side-by-side with those of other brokers using our Comparison Tool.

In addition to meticulous annual data collection by our in-house analyst, every broker that participates in our review is afforded the opportunity to complete an in-depth data profile. We then audit each data point to ensure its accuracy.

Trading fees

FeatureTastytrade Review 2024: Pros & Cons (53)
Minimum Deposit$0.00
Stock Trades$0.00
Mutual Fund Trade FeeN/A info
Options (Base Fee)$0.00
Options (Per Contract)$0.50 info
Futures (Per Contract)$1.25
Broker Assisted Trade Fee$0

Account fees

FeatureTastytrade Review 2024: Pros & Cons (54)
IRA Annual Fee$0.00
IRA Closure Fee$60.00
Account Transfer Out (Partial)info$75.00
Account Transfer Out (Full)info$75.00
Options Exercise Fee$5.00
Options Assignment Fee$5.00

Margin rates

FeatureTastytrade Review 2024: Pros & Cons (55)
Margin Rate Under $25,00011%
Margin Rate $25,000 to $49,999.9910.5%
Margin Rate $50,000 to $99,999.9910%
Margin Rate $100,000 to $249,999.999.5%
Margin Rate $250,000 to $499,999.999%
Margin Rate $500,000 to $999,999.998.5%
Margin Rate Above $1,000,0008%

Investment options

FeatureTastytrade Review 2024: Pros & Cons (56)
Stock TradinginfoYes
Margin TradingYes
Fractional SharesinfoYes info
OTC StocksinfoNo
Options TradinginfoYes
Complex Options Max Legsinfo4
Futures TradinginfoYes
Forex TradinginfoNo
Crypto TradinginfoYes
Crypto Trading - Total Coinsinfo4
Mutual Funds (No Load)info0
Mutual Funds (Total)info0
Bonds (US Treasury)infoNo info
Bonds (Corporate)infoNo
Bonds (Municipal)infoNo
Advisor ServicesinfoNo
International Countries (Stocks)info0

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Order types

FeatureTastytrade Review 2024: Pros & Cons (57)
Order Type - MarketinfoYes
Order Type - LimitinfoYes
Order Type - After HoursinfoYes
Order Type - StopinfoYes
Order Type - Trailing StopinfoNo
Order Type - OCOinfoYes
Order Type - OTOinfoYes
Order Type - Broker AssistedinfoYes

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Beginners

FeatureTastytrade Review 2024: Pros & Cons (58)
Education (Stocks)infoYes
Education (ETFs)infoYes
Education (Options)infoYes
Education (Mutual Funds)infoNo
Education (Bonds)infoNo
Education (Retirement)infoNo
Retirement CalculatorinfoNo
Investor DictionaryinfoYes
Paper TradinginfoNo
VideosinfoNo
WebinarsinfoYes
Webinars (Archived)infoYes
Progress TrackinginfoNo
Interactive Learning - QuizzesinfoNo

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Stock trading apps

FeatureTastytrade Review 2024: Pros & Cons (59)
iPhone AppinfoYes
Android AppinfoYes
Apple Watch AppinfoNo
Trading - StocksinfoYes
Trading - After-HoursinfoYes
Trading - Simple OptionsinfoYes
Trading - Complex OptionsinfoYes
Order Ticket RT QuotesinfoYes
Order Ticket SRT QuotesinfoYes

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Stock app features

FeatureTastytrade Review 2024: Pros & Cons (60)
Market Movers (Top Gainers)infoYes
Stream Live TVinfoNo
Videos on DemandinfoNo
Stock AlertsinfoNo
Option Chains ViewableinfoYes
Watch List (Real-time)infoYes
Watch List (Streaming)infoYes
Watch Lists - Create & ManageinfoYes
Watch Lists - Column CustomizationinfoYes
Watch Lists - Total Fieldsinfo33

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Stock app charting

FeatureTastytrade Review 2024: Pros & Cons (61)
Charting - After-HoursinfoYes
Charting - Can Turn HorizontallyinfoYes
Charting - Multiple Time FramesinfoYes
Charting - Technical Studiesinfo0
Charting - Study CustomizationsinfoNo
Charting - Stock ComparisonsinfoNo

Trading platforms overview

FeatureTastytrade Review 2024: Pros & Cons (62)
Active Trading Platforminfotastytrade
Desktop Trading PlatforminfoYes
Desktop Platform (Mac)infoYes
Web Trading PlatforminfoYes
Paper TradinginfoNo
Trade JournalinfoNo
Watch Lists - Total Fieldsinfo33

Trading platform stock chart features

FeatureTastytrade Review 2024: Pros & Cons (63)
Charting - Adjust Trades on ChartinfoYes
Charting - Indicators / Studiesinfo308
Charting - Drawing Toolsinfo31
Charting - NotesinfoYes
Charting - Index OverlaysinfoYes
Charting - Historical TradesinfoYes
Charting - Corporate EventsinfoYes
Charting - Custom Date RangeinfoNo
Charting - Custom Time BarsinfoNo
Charting - Automated AnalysisinfoNo
Charting - Save ProfilesinfoYes
Trade Ideas - Technical AnalysisinfoNo
Charting - Study Customizationsinfo7
Charting - Custom StudiesinfoYes

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Day trading features

FeatureTastytrade Review 2024: Pros & Cons (64)
Streaming Time & SalesinfoNo
Streaming TVinfoYes
Direct Market Routing - StocksinfoNo
Ladder TradinginfoYes
Trade Hot KeysinfoNo
Level 2 Quotes - StocksinfoNo
Trade Ideas - BacktestinginfoNo
Trade Ideas - Backtesting AdvinfoNo
Short LocatorinfoYes
Order Liquidity RebatesinfoNo

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Investment research overview

FeatureTastytrade Review 2024: Pros & Cons (65)
Research - StocksinfoYes
Research - ETFsinfoYes
Research - Mutual FundsinfoNo
Research - Pink Sheets / OTCBBinfoNo
Research - BondsinfoNo
Screener - StocksinfoNo
Screener - ETFsinfoNo
Screener - Mutual FundsinfoNo
Screener - BondsinfoNo
Misc - Portfolio AllocationinfoYes

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Stock research features

FeatureTastytrade Review 2024: Pros & Cons (66)
Stock Research - PDF Reportsinfo0
Stock Research - EarningsinfoNo
Stock Research - InsidersinfoNo
Stock Research - SocialinfoNo
Stock Research - NewsinfoYes
Stock Research - ESGinfoNo
Stock Research - SEC FilingsinfoNo

ETF research features

FeatureTastytrade Review 2024: Pros & Cons (67)
ETFs - Strategy OverviewinfoNo
ETF Fund Facts - Inception DateinfoNo
ETF Fund Facts - Expense RatioinfoNo
ETF Fund Facts - Net AssetsinfoNo
ETF Fund Facts - Total HoldingsinfoNo
ETFs - Top 10 HoldingsinfoNo
ETFs - Sector ExposureinfoNo
ETFs - Risk AnalysisinfoYes
ETFs - RatingsinfoNo
ETFs - Morningstar StyleMapinfoNo
ETFs - PDF ReportsinfoNo

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Mutual fund research features

FeatureTastytrade Review 2024: Pros & Cons (68)
Mutual Funds - Strategy OverviewinfoNo
Mutual Funds - Performance ChartinfoNo
Mutual Funds - Performance AnalysisinfoNo
Mutual Funds - ProspectusinfoNo
Mutual Funds - 3rd Party RatingsinfoNo
Mutual Funds - Fees BreakdowninfoNo
Mutual Funds - Top 10 HoldingsinfoNo
Mutual Funds - Asset AllocationinfoNo
Mutual Funds - Sector AllocationinfoNo
Mutual Funds - Country AllocationinfoNo
Mutual Funds - StyleMapinfoNo

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Options trading overview

FeatureTastytrade Review 2024: Pros & Cons (69)
Option Chains - Basic ViewinfoYes
Option Chains - Strategy ViewinfoYes
Option Chains - StreaminginfoYes
Option Chains - Total Columnsinfo20
Option Chains - Greeksinfo5
Option Chains - Quick AnalysisinfoYes
Option Analysis - P&L ChartsinfoYes
Option Probability AnalysisinfoYes
Option Probability Analysis AdvinfoYes
Option Positions - GreeksinfoYes
Option Positions - Greeks StreaminginfoYes
Option Positions - Adv AnalysisinfoYes
Option Positions - RollinginfoYes
Option Positions - GroupinginfoYes

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Banking features

FeatureTastytrade Review 2024: Pros & Cons (70)
Bank (Member FDIC)infoNo
Checking AccountsinfoNo
Savings AccountsinfoNo
Credit CardsinfoNo
Debit CardsinfoNo
Mortgage LoansinfoNo

Customer service options

FeatureTastytrade Review 2024: Pros & Cons (71)
Phone Support (Prospect Customers)infoYes
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Live Chat (Prospect Customers)infoYes
Live Chat (Current Customers)infoYes
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tastytrade vs J.P. Morgan Self-Directed Investing tastytrade vs Webull tastytrade vs Merrill Edge tastytrade vs eToro tastytrade vs Citi Self Invest tastytrade vs Tradier tastytrade vs SoFi Invest tastytrade vs Ally Invest tastytrade vs Fidelity tastytrade vs Firstrade tastytrade vs TD Ameritrade tastytrade vs Vanguard


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About the Editorial Team

Tastytrade Review 2024: Pros & Cons (72)

Sam Levine, CFA, CMT

Sam Levine has over 30 years of experience in the investing field as a portfolio manager, financial consultant, investment strategist and writer. He also taught investing as an adjunct professor of finance at Wayne State University. Sam holds the Chartered Financial Analyst and the Chartered Market Technician designations and is pursuing a master's in personal financial planning at the College for Financial Planning. Previously, he was a contributing editor at BetterInvesting Magazine and a contributor to The Penny Hoarder and other media outlets.

Tastytrade Review 2024: Pros & Cons (73)

Carolyn Kimball

Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.

Tastytrade Review 2024: Pros & Cons (74)

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Tastytrade Review 2024: Pros & Cons (75)

Blain Reinkensmeyer

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Tastytrade Review 2024: Pros & Cons (2024)

FAQs

Tastytrade Review 2024: Pros & Cons? ›

tastytrade is a legit brokerage. It is overseen by top-tier US regulators, giving you strong investor protection, but is not backed by any bank.

How reliable is tastytrade? ›

tastytrade is a legit brokerage. It is overseen by top-tier US regulators, giving you strong investor protection, but is not backed by any bank.

What happened to tastytrade? ›

What happened to the financial network previously known as tastytrade? The financial network is still our separate but affiliated company. It was rebranded to tastylive in December 2022. You can now visit the network's website at tastylive.com.

Is TastyWorks worth it? ›

TastyWorks is a fun broker to trade Options with and you have the ability to trade equities beyond the U.S. markets. They are reliable with a mobile and online chat along with competitive pricing and futures trading. tastyworks is an inexpensive brokerage firm based in Chicago.

Is tastytrade FDIC insured? ›

Like the protection the FDIC provides for bank accounts, SIPC provides investors with protection of up to $500,000, comprising $250,000 in cash and $250,000 in securities positions. It's worth noting that tastytrade does not hold customer assets.

Which trading platform is best? ›

Here is a summary of their brokerage charges.
  • 10 Best Trading Platforms in India.
  • Paytm Money. ...
  • Zerodha Trading Platform. ...
  • Angel One Trading Platform. ...
  • ICICI Direct Trading Platform. ...
  • Groww Trading Platform. ...
  • Motilal Oswal Trading Platform. ...
  • Sharekhan Trading Platform.
Aug 23, 2024

How much are tastytrade withdrawal fees? ›

Note that there is a $25.00 outgoing wire fee for outbound domestic wires and a $45.00 for outbound foreign wires. To withdraw funds by wire, sign in to your account at manage.tastytrade.com and navigate to My Money > Withdrawals page.

Which platform is best for options trading? ›

Best Options Trading Apps and Platforms 2024
  • Upstox. Upstox Pro, the best stock trading app, is our first pick because of its fast execution, advanced tools, and lowest brokerage fees for options trading. ...
  • Paytm Money. ...
  • Zerodha Kite. ...
  • 5paisa. ...
  • Angel One.

Who is the owner of tastytrade? ›

Tom Sosnoff (born March 6, 1957) is an entrepreneur, options trader, co-founder of Thinkorswim and tastytrade, and founder of Dough, Inc.

Why choose tastytrade? ›

tastytrade is run by people, for people—no bots, no upsell, no endless wait times. Our support team knows how to tackle tough questions and get you back to trading ASAP. We work hard so it's easier to trade your way.

Does tastytrade have fees? ›

Tastytrade charges an options commission of $1 per contract with a maximum of $10 per order, but only on opening trades. (In other words, you can sell options positions for free.) So this is effectively the same as a $0.50 per contract fee from most brokers, which charge for both sides of the trade.

Who bought Tastyworks? ›

IG Group's foray into the US market through the acquisition of tastyworks marked a strategic move to expand its reach and offerings to American traders. Following the acquisition, tastyworks underwent a rebranding to tastytrade.

Is tastytrade trustworthy? ›

Tastytrade is a good platform for beginners interested in actively trading stocks, ETFs, commodities, futures, and options. It offers commission-free trades, a user-friendly interface, community-based trading tools, and various educational resources.

Is TastyWorks a US company? ›

Tastyworks, Inc. operates as a brokerage firm. The Company specializes in buying and selling of securities, account opening and management, deposits, transfers, and margin calls solutions. TastyWorks serves customers in the United States.

What is the dividend risk in tastytrade? ›

What positions are subject to dividend risk? If your portfolio contains any short call options, then there is a chance that you may be forced to sell 100 shares (per contract) of the underlying and pay the dividend on the payable date.

How long do tastytrade withdrawals take? ›

Withdrawal requests made before 1:00 pm on weekdays (on non-bank holidays) are processed the same day and then sent out overnight and or the following business day.

Which trading app is reliable? ›

Comparison Between Apps
App NameRatings out of 5.0Unique Features
Upstox App4.8Advanced charting tools that comes with over 100 technical indicators
Groww app4.6Completly paperless process to open account
5paisa App4.6Has Auto investing option
ICICI App4.5With marginal trading, Pay Later option
6 more rows

How reliable is the Buffett indicator? ›

The Buffett Indicator forecasted an average of 83% of returns across all nations and periods, though the predictive value ranged from a low of 42% to as high as 93% depending on the specific nation.

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