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tastyworks vs TD Ameritrade

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!

 

tastyworks vs TD Ameritrade
  tastyworks TD Ameritrade
Overall score 4.6 4.7
 
  • Low trading fees

  • Great educational materials

  • Good research tools

  • Low trading fees (free stock and ETF trading)

  • Superb desktop trading platform

  • Great customer support

 
  • Limited product selection

  • Few deposit and withdrawal options

  • No demo account

  • You can trade only on US markets

  • Accounts mostly limited to US residents

  • No credit/debit cards and electronic wallets for money transfer

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.

-> 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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