The best alternatives to tastyworks are
- ChoiceTrade - US-based stockbroker
- TradeStation - US stockbroker
- SogoTrade - US-based stockbroker
- NinjaTrader - Global platform provider focusing on futures trading
Let's see in a bit more detail how the tastyworks alternatives compare to tastyworks and each other:
| tastyworks | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| Overall score | 4.7 | 4.1 | 4.7 | 4.2 | 4.4 |
| Fees score | 4.5 stars | 4.4 stars | 4.1 stars | 4.0 stars | 4.2 stars |
| Account opening score | 5.0 stars | 4.4 stars | 5.0 stars | 5.0 stars | 3.8 stars |
| Deposit and withdrawal score | 1.9 stars | 0.8 stars | 2.3 stars | 1.8 stars | 1.6 stars |
| Web platform score | 3.4 stars | 1.5 stars | 4.5 stars | 3.0 stars | - |
| Markets and products score | 2.6 stars | 2.1 stars | 2.8 stars | 1.7 stars | 1.8 stars |
| Read review | Visit broker | Visit broker | Read review | Read review |
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
- ChoiceTrade is recommended for stock and options traders looking for low trading fees and focusing on the us market
- TradeStation is recommended for traders focusing on us markets and buy-and-hold investing
- SogoTrade is recommended for stock and options traders with a us focus who value great customer service
- NinjaTrader is recommended for active traders focusing on futures
Important factors of finding tastyworks alternatives
So far BrokerChooser has reviewed 84 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), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients
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 |
Fees
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 / Free stock trading | |
| • No inactivity fee |
| tastyworks | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| US stock | $0.0 | $0.0 | $1.0 | $4.9 | - |
| UK stock | - | - | - | - | - |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
tastyworks account opening is user-friendly, fast, fully digital, and involves no minimum deposit.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| tastyworks | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| Minimum deposit | $0 | $100 | $1 | $0 | $400 |
| Time to open account | 1 day | 1-3 days | 1 day | 1 day | >3 days |
Learn more about tastyworks minimum deposit here.
Deposit and withdrawal
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 | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | No | No | No | No | No |
| Electronic wallets | No | No | No | No | No |
| Withdrawal fee | $0 | $5 | $0 | $0 | $40 |
Web trading platform
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 | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| Web platform score | 3.4 stars | 1.5 stars | 4.5 stars | 3.0 stars | - |
| Mobile platform score | 4.2 stars | 3.5 stars | 4.8 stars | 4.5 stars | - |
| Desktop platform score | 3.9 stars | 2.8 stars | 2.5 stars | 0.9 stars | 4.8 stars |
Learn more about tastyworks's web trading platform in the detailed tastyworks review.
Markets and products
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 | ChoiceTrade | TradeStation | SogoTrade | NinjaTrader | |
|---|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | Yes | Yes | No |
| Forex | No | No | No | No | No |
| Fund | No | No | Yes | No | No |
| Bond | No | No | Yes | No | No |
| Options | Yes | Yes | Yes | Yes | Yes |
| Futures | Yes | No | Yes | No | Yes |
| CFD | No | No | No | No | No |
| Crypto | No | No | Yes | No | Yes |
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 |
tastyworks alternatives
ChoiceTrade
ChoiceTrade is a US-based stockbroker founded in 2000. The broker is regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) and it is also a member of SIPC. SIPC membership ensures that clients are eligible for the SIPC investor protection scheme, which protects assets up to $500,000 (cash up to $250,000) per account.
ChoiceTrade is considered safe because it has a long track record, it is regulated by top-tier regulators and it discloses its annual financial statements.
Recommended for stock and options traders looking for low trading fees and focusing on the us market
| Pros | Cons |
|---|---|
| • Commission-free listed stock and ETF trades | • High non-trading fees |
| • Fast and easy account opening | • Not user-friendly withdrawal |
| • User-friendly mobile trading platform | • Limited product portfolio |
Fees
ChoiceTrade charges low trading fees and you can trade listed stocks and ETFs with no commission. On the flip side, the non-trading fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Commission-free stock trading | • Inactivity fee |
| ChoiceTrade | tastyworks | |
|---|---|---|
| Apple benchmark fee | $0.3 | $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
Account opening
Opening an account at ChoiceTrade is easy, fast and fully digital for both US and international clients.
| Pros | Cons |
|---|---|
| • Fully digital | None |
| • Low minimum deposit | |
| • User-friendly |
| ChoiceTrade | tastyworks | |
|---|---|---|
| Minimum deposit | $100 | $0 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in ChoiceTrade minimum deposit, this overview will help you.
Deposit and withdrawal
The deposit process at ChoiceTrade is smooth, but withdrawing funds is cumbersome. Credit/debit cards are not accepted, there is a high withdrawal fee and the process is not user-friendly.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • High withdrawal fee | |
| • Withdrawal is excessively complicated |
| ChoiceTrade | tastyworks | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $5 | $0 |
Web trading platform
ChoiceTrade's web trading platform offers a clear fee report and a great variety of order types. On the other hand, the design is outdated, there is no two-step login, and the search functions are poor.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good variety of order types | • Poor search function |
| • Order confirmation | • Design is very outdated |
| ChoiceTrade | tastyworks | |
|---|---|---|
| Web platform score | 1.5 stars | 3.4 stars |
| Mobile platform score | 3.5 stars | 4.2 stars |
| Desktop platform score | 2.8 stars | 3.9 stars |
Learn more about ChoiceTrade's web trading platform in the detailed ChoiceTrade review.
Markets and products
ChoiceTrade only offers stocks, ETFs and options traded on US and Canadian exchanges.
| ChoiceTrade | tastyworks | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | No |
| Bond | No | No |
| Options | Yes | Yes |
| Futures | No | Yes |
| CFD | No | No |
| Crypto | No | No |
Verdict
US and international clients can trade listed stocks and ETFs with no commission at ChoiceTrade. The account opening is easy, fully digital and takes 1-2 days. The broker also offers a great and user-friendly mobile trading platform.
On the negative side, the inactivity fee and withdrawal fees for bank transfers are high. The withdrawal process is not user-friendly and only bank transfer is available. The product portfolio is limited, you can only trade stocks, ETFs, and options.
Given that the account opening is seamless and you can trade stocks and ETFs with zero commission, feel free to try it.
| ChoiceTrade | |
|---|---|
| Summary | ChoiceTrade is a US stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund. |
| Fees score | 4.4 stars |
| Recommended for | Stock and options traders looking for low trading fees and focusing on the US market |
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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 | • Mediocre customer service |
Fees
TradeStation has low trading fees, and you can choose from multiple fee structures. On the negative side, withdrawals can be costly.
| Pros | Cons |
|---|---|
| • Low trading fees | • Withdrawal fee |
| • Low stock and ETF fees / Free stock trading | |
| • Multiple fee structures to choose from |
| 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
Account opening
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 |
| 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.
Deposit and withdrawal
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) |
| TradeStation | tastyworks | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
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 |
| 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.
Markets and products
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.
| TradeStation | 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 |
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 |
tastyworks alternatives
SogoTrade
SogoTrade is a US stockbroker, which was founded in 1986. The company is regulated by the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA).
Although it is not listed on any stock exchanges and does not have a banking background, SogoTrade is considered safe because it has a long track record and it is regulated by top-tier regulators. Clients are eligible for the SIPC investor protection scheme which offers up to $500,000 (cash up to $250,000) per account.
Recommended for stock and options traders with a us focus who value great customer service
| Pros | Cons |
|---|---|
| • Low stock and ETF fees | • High non-trading fees |
| • Wide range of research tools | • Limited product portfolio |
| • Relevant and fast customer service | • Not user-friendly desktop trading platform |
Fees
SogoTrade has low stock, ETF, and options fees. The inactivity fee is also low, charged only after a year, and if your account balance is under $100. On the other hand, the margin rates are high and the fees for wire withdrawals are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High margin rates |
| • Low stock and ETF fees / Free stock trading | • High fee for wire withdrawal |
| • Low inactivity fee |
| SogoTrade | tastyworks | |
|---|---|---|
| Apple benchmark fee | $10.1 | $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
Account opening
Opening an account at SogoTrade is fast and fully digital for both US and international citizens, but it sorely lacks user-friendliness.
| Pros | Cons |
|---|---|
| • Fast | • Not user-friendly |
| • Fully digital | |
| • No minimum deposit |
| SogoTrade | tastyworks | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | 1 day |
If you are interested more in SogoTrade minimum deposit, this overview will help you.
Deposit and withdrawal
You can transfer money only by bank transfer and non-US clients are charged $50, while US clients are charged $25 for wire withdrawals. As a plus, the deposit and the ACH withdrawals are free.
| Pros | Cons |
|---|---|
| • No deposit fee | • Only one account base currency |
| • Free ACH withdrawal | • Slow withdrawal - over 3 days |
| • High fee for wire withdrawal |
| SogoTrade | tastyworks | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
SogoTrade's web trading platform is user-friendly, has a good search function, and offers a variety of order types. However, it's not customizable, it doesn't look particularly nice, and doesn't have two-step authentication.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Good search function | • No two-step (safer) login |
| • Good variety of order types | • Limited customizability (for charts, workspace) |
| SogoTrade | tastyworks | |
|---|---|---|
| Web platform score | 3.0 stars | 3.4 stars |
| Mobile platform score | 4.5 stars | 4.2 stars |
| Desktop platform score | 0.9 stars | 3.9 stars |
Learn more about SogoTrade's web trading platform in the detailed SogoTrade review.
Markets and products
At SogoTrade, you can trade with US stocks, ETFs, options, and cryptos. However, the offered assets cover only the US market and popular asset classes, such as bonds or mutual funds, are not provided.
| SogoTrade | tastyworks | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | No |
| Fund | No | No |
| Bond | No | No |
| Options | Yes | Yes |
| Futures | No | Yes |
| CFD | No | No |
| Crypto | No | No |
Verdict
SogoTrade is a great broker for US stock and options trading.
The stock and ETF fees are low. You can use a wide range of research tools, including a wide range of analytical tools. Lastly, it also has great customer support which gives fast and relevant answers.
On the negative side, SogoTrade charges $50 per year inactivity fee and high wire withdrawal fees, $50 for non-US clients and $25 for US clients. The product offer is limited, you can trade only with stock, ETF, and options. The desktop trading platform can be improved as it is not user-friendly-structured and misses essential tools, like price alerts.
As the account opening is seamless, and the trading fees are low, feel free to try it.
| SogoTrade | |
|---|---|
| Summary | SogoTrade is a US-based stockbroker, regulated by top-tier US authorities the SEC and FINRA. It is not listed on a stock exchange and does not have a banking backgorund. |
| Fees score | 4.0 stars |
| Recommended for | Stock and options traders with a US focus who value great customer service |
tastyworks alternatives
NinjaTrader
NinjaTrader is a US-based software company that provides a great trading platform with advanced research tools. The company was founded in 2003.
Besides providing the software, NinjaTrader is a registered NFA (National Futures Association) company and an introducing broker of brokers like Phillip Capital and Dorman Trading. The introducing broker status means that your assets and cash are held with a broker, like Phillip Capital, but the platform, fees and customer support are provided by NinjaTrader.
In our review, we tested NinjaTrader's platform and brokerage services through an account opened with Phillip Capital. Phillip Capital is a global broker, regulated by top-tier financial authorities such as the US Commodity Futures Trading Commission (CFTC) and the UK's Financial Conduct Authority (FCA).
You can also connect the following brokerage accounts to NinjaTrader platforms: Interactive Brokers, TD Ameritrade, Oanda, Forex.com, FXCM and City Index. The advantage of connecting these accounts is that you can trade other popular asset classes, like stocks, on NinjaTrader's great platform.
Recommended for active traders focusing on futures
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee |
| • Great platform and research | • No mobile app and desktop is only on Windows |
| • Quality educational materials | • Only futures and options on futures |
Fees
NinjaTrader has low trading fees for futures and options on futures. The fee structure is transparent. On the negative side, there is a high withdrawal fee.
| Pros | Cons |
|---|---|
| • Low trading fees | • High withdrawal fee |
| • Transparent fee structure |
| NinjaTrader | tastyworks | |
|---|---|---|
| Apple benchmark fee | - | $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
Account opening
NinjaTrader's account opening is fully digital and the minimum deposit is low, at $400. On the other hand, account verification can take a long time, as much as 4-5 business days, and the account opening process is a bit complicated.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • Low minimum deposit |
| NinjaTrader | tastyworks | |
|---|---|---|
| Minimum deposit | $400 | $0 |
| Time to open account | >3 days | 1 day |
If you are interested more in NinjaTrader minimum deposit, this overview will help you.
Deposit and withdrawal
NinjaTrader's deposit and withdrawal services could be better. You can use only bank transfer and check, and there is a high fee for bank withdrawals. As a plus, there is no deposit fee and withdrawals are quick.
| Pros | Cons |
|---|---|
| • No deposit fee | • Credit/Debit card not available |
| • Quick withdrawal, less than 1 business day | • High withdrawal fee |
| NinjaTrader | tastyworks | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $40 | $0 |
Web trading platform
At the time of the review, NinjaTrader provided only a desktop platform. The only way to use a web trading platform along with NinjaTrader's desktop trading platform is if you connect an external brokerage account, with a broker like Interactive Brokers or Oanda.
| NinjaTrader | tastyworks | |
|---|---|---|
| Web platform score | - | 3.4 stars |
| Mobile platform score | - | 4.2 stars |
| Desktop platform score | 4.8 stars | 3.9 stars |
Learn more about NinjaTrader's web trading platform in the detailed NinjaTrader review.
Markets and products
At NinjaTrader Brokerage you can trade only futures and options on futures. To trade popular asset classes like stocks or spot forex, you have to connect your existing brokerage account to NinjaTrader.
| NinjaTrader | tastyworks | |
|---|---|---|
| Stock | No | Yes |
| ETF | No | Yes |
| Forex | No | No |
| Fund | No | No |
| Bond | No | No |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | No | No |
| Crypto | Yes | No |
Verdict
NinjaTrader is a great platform for futures trading.
On the plus side, we liked the low commissions. Its advanced platform is great for experienced traders, especially for futures traders. The educational material provided by Ninja is well structured and they have an active user forum as well.
NinjaTrader Brokerage has some drawbacks though. The fees for withdrawal are high, at $30-40 per withdrawal. There is no mobile platform and the desktop platform is available only on Windows. Lastly, the product portfolio covers only futures and options on futures.
As there is no fee for the demo account and you can open it within a few minutes, feel free to try NinjaTrader.
| NinjaTrader | |
|---|---|
| Summary | NinjaTrader is a US-based software company that has an excellent desktop application for advanced users, particularly futures traders. NinjaTrader is an NFA-registered company and an introducing broker of brokers like Phillip Capital and Dorman Trading. |
| Fees score | 4.2 stars |
| Recommended for | Active traders focusing on futures |
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 | Options and futures traders focusing on US markets |
| ChoiceTrade | US-based stockbroker | Stock and options traders looking for low trading fees and focusing on the US market |
| TradeStation | US stockbroker | Traders focusing on US markets and buy-and-hold investing |
| SogoTrade | US-based stockbroker | Stock and options traders with a US focus who value great customer service |
| NinjaTrader | Global platform provider focusing on futures trading | Active traders focusing on futures |
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