tastyworks Alternatives

May 2019
Our top picks for tastyworks alternatives
DEGIRO Interactive Brokers
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
tastyworksDEGIROInteractive BrokersTradestation
Overall score4.54.64.84.4
Fees score 4 stars 5 stars 4 stars 4 stars
Account opening score 4 stars 5 stars 3 stars 4 stars
Deposit and withdrawal score 2 stars 3 stars 2 stars 2 stars
Web platform score 4 stars 4 stars 4 stars 4 stars
Markets and products score 1 stars 3 stars 5 stars 2 stars
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 logo

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

Pros
  • Low options trading fees
  • Great education materials
  • Very good customer service
Cons
  • Only US options, futures, and stocks
  • Can be intimidating for beginners
  • Trading platforms have some bugs

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tastyworks
Fees 4 stars

tastyworks has low trading fees and average non-trading fees. Its options fees are very low as well.
Pros
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
Cons
  • Withdrawal fee
  • High financing rate
tastyworks alternatives trading fees
tastyworksDEGIROInteractive BrokersTradestation
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

More Visit broker

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.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
  • Can take 3 business days
tastyworks alternatives minimum deposit and account open times
tastyworksDEGIROInteractive BrokersTradestation
Minimum deposit$0$0$0$500
Time to open account1-3 days1 day1-3 days1-3 days

Learn more about the tastyworks minimum deposit here.

More Visit broker

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.
Pros
  • No deposit fee
  • User-friendly
Cons
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
tastyworks and alternatives withdrawal options and fees
tastyworksDEGIROInteractive BrokersTradestation
Bank TransferYesYesYesYes
Credit/Debit cardNoNoNoNo
Electronic walletsNoNoNoNo
Withdrawal fee$45$0$0$35

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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.
Pros
  • Clear fee report
  • Good search function
  • Great options trading panel with embedded strategies
Cons
  • Limited customizability (for charts, workspace)
  • Can be intimidating for beginners
tastyworks - Web trading platform
tastyworks and alternatives trading platform scores
tastyworksDEGIROInteractive BrokersTradestation
Web platform score 4 stars 4 stars 4 stars 4 stars
Mobile platform score 4 stars 4 stars 4 stars 5 stars
Desktop platform score 4 stars - 3 stars 3 stars

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

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tastyworks
Markets and products 1 stars

At tastyworks you can trade with US stocks, ETFs, options, and some futures.
tastyworks and alternatives markets and products
tastyworksDEGIROInteractive BrokersTradestation
StockYesYesYesYes
ETFYesYesYesYes
ForexNoNoYesNo
FundNoYesYesYes
BondNoYesYesNo
OptionsYesYesYesYes
FuturesYesYesYesYes
CFDNoYesYesNo
CryptoNoYesYesNo

More Visit broker

#1 tastyworks alternative - DEGIRO
DEGIRO

DEGIRO logo

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

Pros
  • One of the lowest fees in the market
  • Broad access to international markets
  • Easy to use web and mobile platform
Cons
  • Limited research and no education
  • No forex trading
  • No credit/debit card deposit and withdrawal

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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.
Pros
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • One free ETF trade per month
Cons
  • Yearly service fee for mutual funds
  • Higher trading fees for Asian and smaller European stock exchanges
tastyworks vs. DEGIRO: Trading fees
DEGIROtastyworks
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

More Visit broker

DEGIRO
Account opening 5 stars

DEGIRO has an easy and fast account opening process. Also, there is no minimum deposit.
Pros
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
Cons
None
tastyworks vs. DEGIRO: Minimum deposit, time to open an account
DEGIROtastyworks
Minimum deposit$0$0
Time to open account1 day1-3 days

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

More Visit broker

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.
Pros
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • Credit/Debit card deposit and withdrawal not available
tastyworks vs. DEGIRO: Withdrawal options
DEGIROtastyworks
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$45

More Visit broker

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.
Pros
  • User-friendly
  • Two-step (safe) login
  • Looks nice
Cons
  • Limited customizability (for charts, workspace)
  • No price alerts
Web trading platform of DEGIRO, a tastyworks alternative
tastyworks vs. DEGIRO: Trading platform scores
DEGIROtastyworks
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score- 4 stars

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

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DEGIRO
Markets and products 3 stars

At DEGIRO you can access many markets and trade with a lot of different products, except for forex.
tastyworks vs. DEGIRO: Markets and products
DEGIROtastyworks
StockYesYes
ETFYesYes
ForexNoNo
FundYesNo
BondYesNo
OptionsYesYes
FuturesYesYes
CFDYesNo
CryptoYesNo

More Visit broker

#2 tastyworks alternative - Interactive Brokers
Interactive Brokers

Interactive Brokers logo

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

Pros
  • Broad product portfolio
  • Low fees
  • Great and diverse research tools
Cons
  • Funding and withdrawal only through bank transfer
  • Complicated account opening process
  • Not user-friendly and complicated desktop trading platform

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Interactive Brokers
Fees 4 stars

Interactive Brokers has low trading fees and high non-trading fees. The fees are transparent.
Pros
  • Low trading fees
  • Transparent fee structure
Cons
  • Inactivity fee
tastyworks vs. Interactive Brokers: Trading fees
Interactive Brokerstastyworks
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

More Visit broker

Interactive Brokers
Account opening 3 stars

The account opening process is fully digital, but slow and complicated.
Pros
  • Fully digital account opening
  • No minimum deposit for most accounts
Cons
  • Slow account opening
  • Not user-friendly
  • Confusing messages throughout the process
tastyworks vs. Interactive Brokers: Minimum deposit, time to open an account
Interactive Brokerstastyworks
Minimum deposit$0$0
Time to open account1-3 days1-3 days

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

More Visit broker

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.
Pros
  • Several account base currencies
  • No charge for the first withdrawal each month
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Slow funding and withdrawal - over 3 days
tastyworks vs. Interactive Brokers: Withdrawal options
Interactive Brokerstastyworks
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$0$45

More Visit broker

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.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safe) login
Cons
  • Limited customizability (for charts, workspace)
Web trading platform of Interactive Brokers, a tastyworks alternative
tastyworks vs. Interactive Brokers: Trading platform scores
Interactive Brokerstastyworks
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 4 stars
Desktop platform score 3 stars 4 stars

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

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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.
tastyworks vs. Interactive Brokers: Markets and products
Interactive Brokerstastyworks
StockYesYes
ETFYesYes
ForexYesNo
FundYesNo
BondYesNo
OptionsYesYes
FuturesYesYes
CFDYesNo
CryptoYesNo

More Visit broker

#3 tastyworks alternative - Tradestation
Tradestation

Tradestation logo

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

Pros
  • Great mobile trading platform
  • Wide range of reserach tools
  • High-quality educational tools
Cons
  • Not user-friendly deposit and withdrawal
  • No forex
  • Bad customer service

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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.
Pros
  • Low trading fees
  • More fee structures you can choose from
Cons
  • High non-trading fees
tastyworks vs. Tradestation: Trading fees
Tradestationtastyworks
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

More Visit broker

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.
Pros
  • Fully digital account opening
  • User-friendly
Cons
  • Slow account opening
tastyworks vs. Tradestation: Minimum deposit, time to open an account
Tradestationtastyworks
Minimum deposit$500$0
Time to open account1-3 days1-3 days

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

More Visit broker

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.
Pros
  • No deposit fee
Cons
  • Credit/Debit card deposit and withdrawal not available
  • Not user-friendly
  • High withdrawal fee (for non-US clients $35 /tansaction)
tastyworks vs. Tradestation: Withdrawal options
Tradestationtastyworks
Bank TransferYesYes
Credit/Debit cardNoNo
Electronic walletsNoNo
Withdrawal fee$35$45

More Visit broker

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.
Pros
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
Cons
  • No clear fee report available
  • No price alerts
Web trading platform of Tradestation, a tastyworks alternative
tastyworks vs. Tradestation: Trading platform scores
Tradestationtastyworks
Web platform score 4 stars 4 stars
Mobile platform score 5 stars 4 stars
Desktop platform score 3 stars 4 stars

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

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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.
tastyworks vs. Tradestation: Markets and products
Tradestationtastyworks
StockYesYes
ETFYesYes
ForexNoNo
FundYesNo
BondNoNo
OptionsYesYes
FuturesYesYes
CFDNoNo
CryptoNoNo

More Visit broker

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
BrokerInfoRecommended for
tastyworksUS options and stockbrokerPrice sensitive equity and option traders focusing on the US
DEGIRODutch discount brokerPrice-sensitive buy and hold investors and traders looking for only execution
Interactive BrokersUS discount brokerTraders who prefer low fees and a professional trading environment
TradestationUS stockbrokerTraders 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.

AUTHOR

Dan Sallai
Dan Sallai
CMO
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.
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