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tastytrade Review 2024

Written by
Gyula L.
Fact checked by
Adam N.
Updated
6d ago
Regulated and trusted. Tested via live trading.
24,757 people chose this broker
Available in United States

Why choose tastytrade

For a great options trading platform, look no further than tastytrade, which offers the best options trading fees on the market, and an excellent platform designed with experienced options traders in mind. I loved how easily I could choose from a list of predefined popular trading strategies. On the side, tastytrade doubles as a decent (and free) stock and ETF broker. Traders not into options may find the platforms overly complex, though; while non-US users face high withdrawal fees.

  • Low trading fees
  • Great educational materials
  • Good research tools
Overall score
4.5/5
Minimum deposit
$0
Stock fee
Low
Options fee
Low
Inactivity fee
no
Account opening
1 day

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to tastytrade

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 4.1/5
tastytrade has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers and margin rates are quite high.
  • No inactivity fee
  • Free stock trading
  • Low options fees

We compared tastytrade's fees with two similar brokers we selected, TradeStation and Interactive Brokers. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of tastytrade alternatives.

Commission-free stock and ETFs

It’s extremely great as tastytrade has commission-free US stock trading.

Broker
US stock
tastytrade
$0.0
TradeStation
$5.0
Interactive Brokers
$1.0
tastytrade stock and ETF commission

High margin rates

tastytrade USD margin rate fees are slightly higher than the industry average. USD margin rate fees are calculated as follows: There are tiers. if balance is less than $25k: base rate +1%

Broker
USD margin rate
tastytrade
11.0%
TradeStation
13.5%
Interactive Brokers
6.8%
tastytrade annual margin rates

Low options commission

tastytrade US stock index options fees are lower than the industry average. US stock index options fees are calculated as follows: $1.5 for opening a contract, closing is free

Broker
US stock index options
tastytrade
$7.5
TradeStation
$11.0
Interactive Brokers
$6.5
tastytrade stock index options commission

Note that tastytrade charges a flat $5 fee/leg for exercise and assignment (irrespective of how many shares are exercised or assigned).

No inactivity fee, no withdrawal fee

It doesn't charge you a general account fee, an inactivity fee, a custody fee or a deposit fee.
ACH withdrawal is free, but the wire withdrawal fee is quite high: it is $25 for wire transfers within the US and $45 for international wire transfers.

Broker
Inactivity fee
Withdrawal fee
tastytrade
$0
TradeStation
$35
Interactive Brokers
$0
tastytrade inactivity, withdrawal and other fees

Other commissions and fees

Low futures fees: US index futures fees are as follows - $0.85 per contract.

High spot crypto fees: at tastytrade, crypto trading costs 1% of trade value.

Broker
Mutual fund
US micro e-mini stock index futures
tastytrade
-
$8.5
TradeStation
$15.0
$5.0
Interactive Brokers
$15.0
$2.5
Misc. fees compared with other brokers

Safety

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.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Audited by PwC
Read more

Deposit and withdrawal

Score: 1.3/5
tastytrade's deposit and withdrawal functions are easy to use and there's no deposit fee. However, you can use only bank transfer, and withdrawals can be expensive, especially for non-US clients.
  • No deposit fee
  • User-friendly
  • Free ACH withdrawals in the US
Read more

Account opening

Score: 5/5
tastytrade account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.2/5
tastytrade's mobile platform is well-organized but feels complicated, and it also lacks price alerts.
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
Read more

Desktop platform

Score: 3.9/5
The desktop platform is very similar to the web trading platform and has extra features such as good customizability. On the other hand, it is likewise not well-suited for beginners.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Read more

Product selection

Score: 3.2/5
At tastytrade, you can trade US stocks, ETFs, options and some futures. Other popular asset classes like mutual funds or bonds are missing, as are international assets.
Read more
“I recommend tastytrade for options and futures traders focusing on US markets.”

FAQ

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Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

author image
Gyula Lencsés, CFA
Author of this review
Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.
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