Intro
tastytrade is a young, up-and-coming US broker focusing on options trading. For experienced traders, a good alternative to tastytrade is TD Ameritrade, especially if they are after solid research tools and a well-equipped desktop trading platform.
See how tastytrade stacks up against TD Ameritrade!
| tastytrade | TD Ameritrade | |
|---|---|---|
| Overall score | 4.6 | 4.7 |
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| Fees score | 4.3 stars | 4.2 stars |
| Account opening score | 5.0 stars | 3.7 stars |
| Deposit and withdrawal score | 1.9 stars | 1.9 stars |
| Web platform score | 3.4 stars | 4.3 stars |
| Markets and products score | 3.1 stars | 3.7 stars |
Both tastytrade and TD Ameritrade offer very similar depositing/withdrawing options.
Where the two differ is account opening. It's easier to open a tastytrade account where the process is fully digital, while TD Ameritrade may ask you to mail or fax a copy of your ID documents to verify your identity. Nevertheless, TD Ameritrade ranks better for a number of features and functions once you have opened an account.
The tastytrade trading platform is great for experienced traders. TD Ameritrade, meanwhile, offers a simple web-based trading platform with a clean look.
Pros of tastytrade and TD Ameritrade
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They provide a two-step authentication system for certain functions.
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Both are accessible on desktop, mobile, and web.
Cons of tastytrade and TD Ameritrade
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The workspace and charts are not customizable.
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Only a handful of languages are available: TD Ameritrade is available in English and Chinese, while tastytrade is only available in English.
-> Back to tastytrade review for 2022
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