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tastyworks account opening

tastyworks account opening is user-friendly, fast, fully digital, and there is no minimum deposit requirement.

tastyworks account types

 

tastyworks offers two types of accounts for individuals: cash and margin accounts. With a margin account, you can use leverage, which means you can borrow money from the broker to trade.

Retirement accounts are available for US citizens. You can choose between traditional, self-employed (SEP), Roth, or beneficiary (inherited) IRAs.

Based on ownership, you can open the following account types:

  • Individual account - account owned by an individual

  • Joint account - account owned by more than one person

  • Corporate and trust account - account owned by a legal entity (available only in the US)

In our tastyworks review, we tested the individual margin account, called 'The Works'.

Visit tastyworks

 

tastyworks account base currencies

 

Unfortunately, tastyworks clients can only trade in one currency, which is the USD.

This matters because if you deposit funds in currencies other than the base currency, your money will be converted into USD.

To save on conversion fees, you can open a multi-currency bank account. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. You can read more about brokerage fees in this article.

tastyworks base currencies vs. similar brokers
  tastyworks ChoiceTrade TradeStation
Number of base currencies 1 1 9

How to open your account

The tastyworks account opening is fast and fully digital. Our account was approved in 1 day.

The account application takes 10-15 minutes and is fairly straightforward. You need to provide the following information:

  • Account type
  • Personal information
  • Employer information (name, address, phone number)
  • Financial knowledge
  • Name of your primary bank
  • Digital copies of your ID and proof of address

tastyworks review - Account opening

 

Countries where tastyworks accounts can be opened

 

Opening an account at tastyworks is available in a selected group of countries. Make sure that you are eligible before starting to register!

Check out this table to see whether tastyworks is available for residents in some of the world’s major countries:

Country Availability
Australia Yes
Canada No
China No
Germany Yes
Hong Kong No
India Yes
Ireland Yes
Japan No
Malaysia Yes
Netherlands Yes
Singapore Yes
South Aftica Yes
United Arab Emirates Yes
United Kingdom Yes
United States Yes

tastyworks account opening - Opening an account at an online broker

-> Back to tastyworks review for 2022

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Author of this article

Dan Sallai

Author of this article

My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.

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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