tastyworks is a young, up-and-coming US broker focusing on options trading. For experienced traders, a good alternative to tastyworks is TD Ameritrade, especially if they are after solid research tools and a well-equipped desktop trading platform.
See how tastyworks stacks up against TD Ameritrade!
|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 tastyworks and TD Ameritrade offer very similar depositing/withdrawing options.
Where the two differ is account opening. It's easier to open a tastyworks 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 tastyworks trading platform is great for experienced traders. TD Ameritrade, meanwhile, offers a simple web-based trading platform with a clean look.
Pros of tastyworks and TD Ameritrade
They provide a two-step authentication system for certain functions.
Both are accessible on desktop, mobile, and web.
Cons of tastyworks and TD Ameritrade
The workspace and charts are not customizable.
Only a handful of languages are available: TD Ameritrade is available in English and Chinese, while tastyworks is only available in English.