The best alternatives to tastyworks are
Let's see in a bit more detail how the tastyworks alternatives compare to tastyworks and each other:
| tastyworks | DEGIRO | Interactive Brokers | Tradestation | |
|---|---|---|---|---|
| Overall score | 4.5 | 4.6 | 4.8 | 4.4 |
| Fees score | ||||
| Account opening score | ||||
| Deposit and withdrawal score | ||||
| Web platform score | ||||
| Markets and products score | ||||
| Visit broker | Visit broker | Visit broker | Visit broker |
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 price sensitive equity and option traders focusing on the us
- DEGIRO is recommended for price-sensitive buy and hold investors and traders looking for only execution
- Interactive Brokers is recommended for traders who prefer low fees and a professional trading environment
- Tradestation is recommended for traders wanting great research tools and preferring the us markets
Important factors of finding tastyworks alternatives
So far Brokerchooser has reviewed 29 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.
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
tastyworks is a young, upcoming US broker focusing on options trading.
The people behind tastyworks are proven experts who built thinkorswim, now operated by TD Ameritrade. tastyworks is privately owned, established in 2017 and headquartered in Chicago.
tastyworks is considered safe as it is regulated by a top-tier regulator, the US FINRA.
Best for options
Recommended for price sensitive equity and option traders focusing on the us
- Low options trading fees
- Great education materials
- Very good customer service
- Only US options, futures, and stocks
- Can be intimidating for beginners
- Trading platforms have some bugs
tastyworks
Fees
4 stars
tastyworks has low trading fees and average non-trading fees. Its options fees are very low as well.
- Low trading fees
- No inactivity fee
- Transparent fee structure
- Withdrawal fee
- High financing rate
| tastyworks | DEGIRO | Interactive Brokers | Tradestation | |
|---|---|---|---|---|
| Apple benchmark fee | $5.2 | $1.4 | $2.2 | $2.2 |
| Vodafone benchmark fee | - | $11.1 | $17.9 | - |
| EURUSD benchmark fee | - | - | $23.0 | - |
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
tastyworks
Account opening
4 stars
tastyworks account opening is user-friendly and fully digital. You can open your account without a required minimum. On the flip side, it can be more days until your account is approved.
- Fully digital account opening
- No minimum account balance
- User-friendly
- Can take 3 business days
| tastyworks | DEGIRO | Interactive Brokers | Tradestation | |
|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $500 |
| Time to open account | 1-3 days | 1 day | 1-3 days | 1-3 days |
Learn more about the tastyworks minimum deposit here.
tastyworks
Deposit and withdrawal
2 stars
tastyworks deposit and withdrawal can be improved. The account can be opened only in USD. Also, non-US citizens can only use bank transfer, and there is high withdrawal fee.
- No deposit fee
- User-friendly
- Credit/Debit card deposit and withdrawal not available
- High withdrawal fee
- Only one account base currency
| 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 | $45 | $0 | $0 | $35 |
tastyworks
Web trading platform
4 stars
Tastyworks web trading platform feels like entering the cockpit of a plane. It looks organized, but also complicated at first sight.
- Clear fee report
- Good search function
- Great options trading panel with embedded strategies
- Limited customizability (for charts, workspace)
- Can be intimidating for beginners
| tastyworks | DEGIRO | Interactive Brokers | Tradestation | |
|---|---|---|---|---|
| Web platform score | ||||
| Mobile platform score | ||||
| Desktop platform score | - |
Learn more about tastyworks's web trading platform in the detailed tastyworks review.
tastyworks
Markets and products
1 stars
At tastyworks you can trade with US stocks, ETFs, options, and some futures.
| 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 | Yes | Yes | No |
| Crypto | No | Yes | Yes | No |
#1 tastyworks alternative - DEGIRO
DEGIRO
DEGIRO is a trending Dutch online discount broker. It is privately owned and was established in 2013 by former employees of another brokerage company.
DEGIRO is considered safe as it is regulated by top-tier financial regulators, the Dutch AFM and DNB. It is registered with the Chamber of Commerce and Industry in Amsterdam under number 34342820.
Best discount broker
Recommended for price-sensitive buy and hold investors and traders looking for only execution
- One of the lowest fees in the market
- Broad access to international markets
- Easy to use web and mobile platform
- Limited research and no education
- No forex trading
- No credit/debit card deposit and withdrawal
DEGIRO
Fees
5 stars
DEGIRO has low trading and non-trading fees. In most asset classes, it is the best in the market. There is one free ETF trading per month, a great offer for buy-and-hold investors.
- Low trading fees
- Low non-trading fees
- No withdrawal fee
- One free ETF trade per month
- Yearly service fee for mutual funds
- Higher trading fees for Asian and smaller European stock exchanges
| DEGIRO | tastyworks | |
|---|---|---|
| Apple benchmark fee | $1.4 | $5.2 |
| Vodafone benchmark fee | $11.1 | - |
| 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
DEGIRO
Account opening
5 stars
DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
- Fully digital account opening
- No minimum account balance
- User-friendly
| DEGIRO | tastyworks | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1-3 days |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
DEGIRO
Deposit and withdrawal
3 stars
DEGIRO deposit and withdrawal is free of charge via bank transfer and SOFORT. On the other hand, you cannot deposit with credit or debit card.
- Free withdrawal
- No deposit fee
- Several account base currencies
- Credit/Debit card deposit and withdrawal not available
| DEGIRO | tastyworks | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $45 |
DEGIRO
Web trading platform
4 stars
DEGIRO’s web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, it is a bit complicated to customize.
- User-friendly
- Two-step (safe) login
- Looks nice
- Limited customizability (for charts, workspace)
- No price alerts
| DEGIRO | tastyworks | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score | - |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
DEGIRO
Markets and products
3 stars
At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
| DEGIRO | tastyworks | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | Yes | No |
| Bond | Yes | No |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | No |
| Crypto | Yes | No |
#2 tastyworks alternative - Interactive Brokers
Interactive Brokers
Interactive Brokers was founded in 1978 and it is one of the biggest US-based discount brokers. It is regulated by several regulators globally, including top-tier authorities like FCA and SEC. Interactive Brokers Group is listed on the New York Stock Exchange.
Interactive Brokers is considered safe because it has a long track record, is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.
Best online broker
Recommended for traders who prefer low fees and a professional trading environment
- Broad product portfolio
- Low fees
- Great and diverse research tools
- Funding and withdrawal only through bank transfer
- Complicated account opening process
- Not user-friendly and complicated desktop trading platform
Interactive Brokers
Fees
4 stars
Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
- Low trading fees
- Transparent fee structure
- Inactivity fee
| Interactive Brokers | tastyworks | |
|---|---|---|
| Apple benchmark fee | $2.2 | $5.2 |
| Vodafone benchmark fee | $17.9 | - |
| EURUSD benchmark fee | $23.0 | - |
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
Interactive Brokers
Account opening
3 stars
The account opening process is fully digital, but slow and complicated.
- Fully digital account opening
- No minimum deposit for most accounts
- Slow account opening
- Not user-friendly
- Confusing messages throughout the process
| Interactive Brokers | tastyworks | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1-3 days | 1-3 days |
If you are interested more in Interactive Brokers minimum deposit, this overview will help you.
Interactive Brokers
Deposit and withdrawal
2 stars
Interactive Brokers offers a lot of base currencies and one withdrawal per month is free. On the negative side, only bank transfer is available.
- Several account base currencies
- No charge for the first withdrawal each month
- Credit/Debit card deposit and withdrawal not available
- Slow funding and withdrawal - over 3 days
| Interactive Brokers | tastyworks | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $45 |
Interactive Brokers
Web trading platform
4 stars
The Interactive Brokers web platform is simple and easy to use, even for beginners. On the negative side, it is a bit complicated to customize.
- User-friendly
- Clear fee report
- Two-step (safe) login
- Limited customizability (for charts, workspace)
| Interactive Brokers | tastyworks | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score |
Learn more about Interactive Brokers's web trading platform in the detailed Interactive Brokers review.
Interactive Brokers
Markets and products
5 stars
Interactive Brokers allows you access to a very wide range of markets and you can trade with all product types. IB's product range is the widest available.
| 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 |
#3 tastyworks alternative - Tradestation
Tradestation
TradeStation is a US broker with a long history dating back to 1982. Its parent company, the Monex Group is listed on the Tokyo stock exchange.
TradeStation is considered safe as it is regulated by a top-tier regulator, the US FINRA. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
Recommended for traders wanting great research tools and preferring the us markets
- Great mobile trading platform
- Wide range of reserach tools
- High-quality educational tools
- Not user-friendly deposit and withdrawal
- No forex
- Bad customer service
Tradestation
Fees
4 stars
TradeStation has low trading fees and there are multiple fee structures to choose from. Non-trading fees, like inactivity fees are high.
- Low trading fees
- More fee structures you can choose from
- High non-trading fees
| Tradestation | tastyworks | |
|---|---|---|
| Apple benchmark fee | $2.2 | $5.2 |
| 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
Tradestation
Account opening
4 stars
TradeStation account opening is fully digital and user-friendly. On the other hand, it takes more days until your account is approved.
- Fully digital account opening
- User-friendly
- Slow account opening
| Tradestation | tastyworks | |
|---|---|---|
| Minimum deposit | $500 | $0 |
| Time to open account | 1-3 days | 1-3 days |
If you are interested more in Tradestation minimum deposit, this overview will help you.
Tradestation
Deposit and withdrawal
2 stars
TradeStation deposit and withdrawal can be improved. As a plus, the deposit is free. However, you can use only bank transfer and there is a high, $35 withdrawal fee.
- No deposit fee
- Credit/Debit card deposit and withdrawal not available
- Not user-friendly
- High withdrawal fee (for non-US clients $35 /tansaction)
| Tradestation | tastyworks | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $35 | $45 |
Tradestation
Web trading platform
4 stars
TradeStation has a good web trading platform. It is user-friendly with and looks nice. It also offers a great order management. On the flip side, it lacks the alerts and the clear fee reports.
- User-friendly
- Good customizability (for charts, workspace)
- Good variety of order types
- No clear fee report available
- No price alerts
| Tradestation | tastyworks | |
|---|---|---|
| Web platform score | ||
| Mobile platform score | ||
| Desktop platform score |
Learn more about Tradestation's web trading platform in the detailed Tradestation review.
Tradestation
Markets and products
2 stars
TradeStation gives you access to a wide variety of US products. However, its non-US offer is not competitive. The forex, CFDs and cryptos are missing.
| 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 | No | No |
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.
| Broker | Info | Recommended for |
|---|---|---|
| tastyworks | US options and stockbroker | Price sensitive equity and option traders focusing on the US |
| DEGIRO | Dutch discount broker | Price-sensitive buy and hold investors and traders looking for only execution |
| Interactive Brokers | US discount broker | Traders who prefer low fees and a professional trading environment |
| Tradestation | US stockbroker | Traders wanting great research tools and preferring the US markets |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
