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
Fees
- 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 |
High margin rates
tastytrade USD margin rate fees are similar to 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% |
Low options commission
tastytrade US stock index options fees are about half of 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 |
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, high 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 |
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 |
Safety
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Financial information is publicly available
- Audited by PwC
Deposit and withdrawal
- No deposit fee
- User-friendly
- Free ACH withdrawals in the US
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Touch/Face ID login
- Order confirmation
Desktop platform
- Clear fee report
- Good customizability (for charts, workspace)
- Price alerts