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Written by: Gyula L. Updated: Dec 2022
Expert verified
Recommended for
  • equity trading
Trusted broker
Regulated by top-tier financial authorities
Popularity
4,917 people chose this broker in the last 6 months
BrokerChooser Score
4.7/5

tastyworks review summary

tastyworks is a US options and stockbroker. tastyworks is great for options trading, as its trading platform is primarily designed to trade options, and trading fees are low. Furthermore, great educational and research materials are on hand to support your learning and your trading efficiency. tastyworks focuses mainly on options and futures trading. Trading with US stocks and ETFs is possible, but a bit complicated compared with other brokers. Bank transfer (wire) withdrawal is expensive, and credit/debit card deposit is not possible. The trading platform is great for options trading, but can be intimidating for a newbie, especially as there's no demo account. BrokerChooser gave tastyworks a 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

tastyworks is available in United States

tastyworks pros and cons

Pros Cons
Low trading fees Limited product selection
Great educational materials Few deposit and withdrawal options
Good research tools No demo account

tastyworks main highlights

🗺️ Country of regulation USA
💰 Trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account 1 day
💳 Deposit with bank card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 1
🎮 Demo account provided No
🛍️ Products offered Stock, ETF, Options, Futures, Crypto
To read much more details about the broker's services and features, expand on the sections below.

tastyworks review
Fees

4.2
tastyworks 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.
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tastyworks review
Account opening

5.0
tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
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tastyworks review
Deposit and withdrawal

1.9
tastyworks's deposit and withdrawal functions are easy to use and there's no deposit fee, but you can use only bank transfer, and withdrawals can be expensive especially for non-US clients.
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tastyworks review
Web trading platform

3.4
The tastyworks web platform is great for experienced traders, especially for options trading. However, it takes time to figure out how its functions work, and its customizability is limited.
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tastyworks review
Mobile trading platform

4.2
tastyworks's mobile platform is very similar to its web platform. It is well organized but feels complicated, and it also lacks price alerts.
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tastyworks review
Desktop trading platform

3.9
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.
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tastyworks review
Markets and products

3.3
At tastyworks, 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.
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tastyworks review
Research

5.0
tastyworks's research tools include trading ideas, a great desktop charting tool and high-quality news. However, it's all very options-focused, and offers only limited fundamental data.
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tastyworks review
Customer service

5.0
tastyworks's customer support is great; you can reach them via email, phone and live chat, and they will give you relevant answers.
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tastyworks review
Education

4.5
tastyworks has superb educational materials on options trading on its tastytrade platform. On the other hand, there is no demo account.
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tastyworks review
Safety

tastyworks is overseen by top-tier US regulators, giving you strong investor protection, but is not backed by any bank.
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tastyworks review
Bottom line

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tastyworks review
FAQ

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Author of this review

Gyula Lencsés, CFA

Author of this review

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

Gyula Lencsés, CFA

Head of Content

Gyula has more than 10 years of experience in the financial industry. He spent most of his career in the wealth management business as a portfolio manager of mutual funds. He has trading experience in a wide range of asset classes, including stocks, ETFs, bonds, commodities, forex and derivatives markets.

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

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