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Our top alternative brokers to tastyworks
Interactive Brokers
4.9
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TradeStation
4.7
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Our top alternative brokers to tastyworks
Interactive Brokers
4.9
Open account
TradeStation
4.7
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Tastyworks Alternatives

The best alternatives to tastyworks are

  1. DEGIRO - Dutch discount broker
  2. Interactive Brokers - US discount broker
  3. TradeStation - US stockbroker

Let's see in a bit more detail how the tastyworks alternatives compare to tastyworks and each other:

tastyworks alternatives comparison
tastyworks DEGIRO Interactive Brokers TradeStation
Overall score 4.7 4.8 4.9 4.7
Fees score 4.5 stars 5.0 stars 4.0 stars 4.1 stars
Account opening score 5.0 stars 5.0 stars 3.4 stars 5.0 stars
Deposit and withdrawal score 1.9 stars 3.3 stars 3.5 stars 2.3 stars
Web platform score 3.4 stars 3.9 stars 4.3 stars 4.5 stars
Markets and products score 2.6 stars 3.5 stars 5.0 stars 2.7 stars
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Why are these brokers considered good alternatives to tastyworks? There are many areas based on which tastyworks can be compared with others. When we say a given online broker is a good alternative to tastyworks we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

tastyworks alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • tastyworks is recommended for options and futures traders focusing on us markets
  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • Interactive Brokers is recommended for traders looking for low fees and a professional trading environment
  • TradeStation is recommended for traders focusing on us markets and buy-and-hold investing

Important factors of finding tastyworks alternatives

So far BrokerChooser has reviewed 77 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether tastyworks or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. tastyworks is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost tastyworks alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At tastyworks this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at tastyworks, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given tastyworks alternative is a must.


Now let's dive into the details of how tastyworks and its alternatives perform in the most important areas!

Tastyworks alternatives
tastyworks

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).

The people behind tastyworks are the same experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.

Recommended for options and futures traders focusing on us markets

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

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Fees
4.5

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.
Pros Cons
Low trading fees Withdrawal fee for bank (wire) transfers
Low stock and ETF fees
No inactivity fee
tastyworks alternatives trading fees
tastyworks DEGIRO Interactive Brokers TradeStation
US stock $0.0 $0.7 $1.0 $1.0
UK stock - $2.6 $7.8 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Account opening
5.0

tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
Pros Cons
Fast None
Fully digital
No minimum deposit
tastyworks alternatives minimum deposit and account open times
tastyworks DEGIRO Interactive Brokers TradeStation
Minimum deposit $0 $0 $0 $1
Time to open account 1 day 1 day 1-3 days 1 day

Learn more about tastyworks minimum deposit here.

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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.
Pros Cons
No deposit fee Credit/Debit card not available
User-friendly Only one account base currency
Free ACH withdrawals in the US High fee for wire withdrawals
tastyworks and alternatives withdrawal options and fees
tastyworks DEGIRO Interactive Brokers TradeStation
Bank transfer Yes Yes Yes Yes
Credit/debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

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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.
Pros Cons
Clear fee report Limited customizability (for charts, workspace)
Price alerts Not suited for beginners
Two-step (safer) authentication for certain functions
tastyworks - Web trading platform
tastyworks and alternatives trading platform scores
tastyworks DEGIRO Interactive Brokers TradeStation
Web platform score 3.4 stars 3.9 stars 4.3 stars 4.5 stars
Mobile platform score 4.2 stars 4.4 stars 3.5 stars 4.8 stars
Desktop platform score 3.9 stars - 3.0 stars 2.5 stars

Learn more about tastyworks's web trading platform in the detailed tastyworks review.

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Markets and products
2.6

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.
tastyworks and alternatives markets and products
tastyworks DEGIRO Interactive Brokers TradeStation
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex No No Yes No
Fund No Yes Yes Yes
Bond No Yes Yes No
Options Yes Yes Yes Yes
Futures Yes Yes Yes Yes
CFD No No Yes No
Crypto No Yes Yes Yes

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Verdict

tastyworks is an excellent broker for options trading, but it is a bit complicated if you want to trade stocks only.  

tastyworks's trading fees are low, with free stock and ETF trading fees. Its trading platform is aimed at experienced options traders, and can be intimidating for beginners. However, its educational and research tools are great for learning. Deposit and withdrawal processes could be better, and a demo account would also be great for practice purposes.

As there is no minimum deposit, no inactivity fee or monthly fee, and the account opening process is seamless, you should feel free to try it.

tastyworks
Summary tastyworks is a recently established US options and stockbroker. It is overseen by FINRA, a top-tier regulatory body.
Fees score 4.5 stars
Recommended for Options and futures traders focusing on US markets

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Tastyworks alternatives
DEGIRO

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities such as the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Disclaimer: Investing involves risk of loss.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by multiple top-tier authorities Limited research and education
Easy-to-use web and mobile platform No credit/debit card deposit

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Fees
5.0

DEGIRO has low trading fees for all asset classes, from stocks to options. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
tastyworks vs. DEGIRO: Trading fees
DEGIRO tastyworks
Apple benchmark fee $1.7 $0.3
Vodafone benchmark fee $5.8 -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

The account opening process at DEGIRO is fast, fully digital, and no minimum deposit is required.
Pros Cons
Fast None
Fully digital
No minimum deposit
tastyworks vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO tastyworks
Minimum deposit $0 $0
Time to open account 1 day 1 day

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
tastyworks vs. DEGIRO: Withdrawal options
DEGIRO tastyworks
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.9

DEGIRO's web platform is simple and easy to use, even for beginners. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a tastyworks alternative
tastyworks vs. DEGIRO: Trading platform scores
DEGIRO tastyworks
Web platform score 3.9 stars 3.4 stars
Mobile platform score 4.4 stars 4.2 stars
Desktop platform score - 3.9 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Markets and products
3.5

At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
tastyworks vs. DEGIRO: Markets and products
DEGIRO tastyworks
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes No

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Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.

On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA.
Fees score 5.0 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Tastyworks alternatives
Interactive Brokers

Interactive Brokers was founded in 1978 and is one of the biggest US-based discount brokers. The broker is regulated by several financial authorities globally, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

As it has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. Having a long track record and publicly disclosed financials while being listed on a stock exchange are also great signs for its safety.

Recommended for traders looking for low fees and a professional trading environment

Pros Cons
Low trading fees Complicated account opening process
Wide range of products Complex desktop trading platform
Many great research tools High inactivity fee

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Fees
4.0

Interactive Brokers has low trading fees; for US clients, stock and ETF trading is free. On the negative side, there is a high inactivity fee for non-US clients.
Pros Cons
Low trading fees Inactivity fee
Free stock and ETF trading for US clients
Low margin rates
tastyworks vs. Interactive Brokers: Trading fees
Interactive Brokers tastyworks
Apple benchmark fee $2.3 $0.3
Vodafone benchmark fee $16.3 -
EURUSD benchmark fee $11.2 -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
3.4

IB's account opening process is fully digital and the required minimum deposit is low. On the negative side, the process is complicated, and account verification takes relatively long.
Pros Cons
Fully digital Not user-friendly
No minimum deposit for most account types Confusing messages throughout the process
tastyworks vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokers tastyworks
Minimum deposit $0 $0
Time to open account 1-3 days 1 day

If you are interested more in Interactive Brokers minimum deposit, this overview will help you.

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Deposit and withdrawal
3.5

Interactive Brokers offers many account base currency options and one free withdrawal per month. The main drawback is that you can only use bank transfer.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies
First withdrawal each month free
tastyworks vs. Interactive Brokers: Withdrawal options
Interactive Brokers tastyworks
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.3

Interactive Brokers's web platform is simple and easy to use, even for beginners. On the negative side, it is not customizable.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of Interactive Brokers, a tastyworks alternative
tastyworks vs. Interactive Brokers: Trading platform scores
Interactive Brokers tastyworks
Web platform score 4.3 stars 3.4 stars
Mobile platform score 3.5 stars 4.2 stars
Desktop platform score 3.0 stars 3.9 stars

Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.

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Markets and products
5.0

Through Interactive Brokers, you can access an extremely wide range of markets, and all product types are available.
tastyworks vs. Interactive Brokers: Markets and products
Interactive Brokers tastyworks
Stock Yes Yes
ETF Yes Yes
Forex Yes No
Fund Yes No
Bond Yes No
Options Yes Yes
Futures Yes Yes
CFD Yes No
Crypto Yes No

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Verdict

Interactive Brokers is one of the biggest US-based discount brokers, regulated by several top-tier regulators globally. We recommend this broker mainly for advanced traders.

On the plus side, IB has low fees, a vast range of available markets and products, and diverse research tools

There are some drawbacks, though: there is a high inactivity fee, and the account opening process is complicated. The desktop platform is complex and hard to get a handle on, especially for beginners.

If you have experience navigating complex platforms and enjoy transparent, low-cost trading, Interactive Brokers could be a great fit for you.

Interactive Brokers
Summary Interactive Brokers is a US discount broker. It is listed on a stock exchange and regulated by several authorities, including top-tier ones like the FCA and the SEC.
Fees score 4.0 stars
Recommended for Traders looking for low fees and a professional trading environment

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Tastyworks alternatives
TradeStation

TradeStation is a US stockbroker founded in 1982. It is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Clients are eligible for up to $500,000 investor protection per account (including cash up to $250,000).

TradeStation is considered safe because it has a long track record; discloses its financials; and its parent company, the Monex Group, is listed on the Tokyo Stock Exchange.

Recommended for traders focusing on us markets and buy-and-hold investing

Pros Cons
Great web and mobile trading platform Not user-friendly deposit and withdrawal
Low stock and ETF fees No forex trading
High-quality educational tools Okayish customer service

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Fees
4.1

TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals are costly and non-trading fees can be high.
Pros Cons
Low trading fees Withdrawal fee
Low stock and ETF fees Non-trading fees can be high
Multiple fee structures to choose from
tastyworks vs. TradeStation: Trading fees
TradeStation tastyworks
Apple benchmark fee $2.3 $0.3
Vodafone benchmark fee - -
EURUSD benchmark fee - -

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

TradeStation account opening is fully digital, user-friendly and fast. On the other hand, USD is the only available base currency (except for futures accounts).
Pros Cons
Fast Only USD accounts (unless you trade futures)
Fully digital
User-friendly
tastyworks vs. TradeStation: Minimum deposit, time to open an account
TradeStation tastyworks
Minimum deposit $1 $0
Time to open account 1 day 1 day

If you are interested more in TradeStation minimum deposit, this overview will help you.

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Deposit and withdrawal
2.3

TradeStation's deposit and withdrawal functions are somewhat limited, as you can use only bank transfer; and the fee for wire transfer withdrawals is high.
Pros Cons
No deposit fee Credit/Debit card not available
Deposit and withdrawal in cryptocurrencies High fee for wire withdrawal
Only USD accounts (unless you trade futures)
tastyworks vs. TradeStation: Withdrawal options
TradeStation tastyworks
Bank transfer Yes Yes
Credit/debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.5

TradeStation has a nice-looking, user-friendly web trading platform with a safe login process, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report
Two-step (safer) login
Web trading platform of TradeStation, a tastyworks alternative
tastyworks vs. TradeStation: Trading platform scores
TradeStation tastyworks
Web platform score 4.5 stars 3.4 stars
Mobile platform score 4.8 stars 4.2 stars
Desktop platform score 2.5 stars 3.9 stars

Learn more about TradeStation's web trading platform in the detailed TradeStation review.

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Markets and products
2.7

TradeStation grants access to a wide variety of US products, but its non-US market coverage is poor. Also, forex and CFDs are not available.
tastyworks vs. TradeStation: Markets and products
TradeStation tastyworks
Stock Yes Yes
ETF Yes Yes
Forex No No
Fund Yes No
Bond No No
Options Yes Yes
Futures Yes Yes
CFD No No
Crypto Yes No

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Verdict

TradeStation is a great US broker.

The web and mobile platforms are very user-friendly with many functions. It also offers low stock and ETF trading fees. On top of that, TradeStation's education materials are well-structured and high quality.

On the other hand, the deposit and withdrawal functions are not user-friendly as you can only use bank transfer. There is no forex trading, and customer service has room for improvement.

Feel free to try TradeStation if you prefer trading on US markets. We recommend it for buy and hold investors with at least some experience.

TradeStation
Summary TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body.
Fees score 4.1 stars
Recommended for Traders focusing on US markets and buy-and-hold investing

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Tastyworks alternatives
Bottom line

Based on our analysis, there are several good alternatives to tastyworks. They all offer similar products and target similar customers. Here's a recap of the results in a table.

tastyworks alternatives
Broker Info Recommended for
tastyworks US options and stockbroker Options and futures traders focusing on US markets
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
Interactive Brokers US discount broker Traders looking for low fees and a professional trading environment
TradeStation US stockbroker Traders focusing on US markets and buy-and-hold investing

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of Brokerchooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

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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