Overview of tastyworks fees and charges

We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.

  • Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
  • Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
  • Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
  • Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.

Now, let's dive into the details and see what commissions, spreads, and financing rates tastyworks charges.

tastyworks commission and other fees
tastyworks commission and other trading fees

The good news is that tastyworks has low trading fees in general. We ranked the fees of tastyworks as low, average, or high based on how they compare with all reviewed brokers.

Check out this table to get an overview of whether tastyworks commissions, spreads, and financing rates for each asset class are low/average/high.

Classification of tastyworks commission and other trading fees
tastyworks ChoiceTrade TradeStation
Stock and ETF Low Low Low
Forex - - -
Fund - - Average
Bond - - Low
Options Average High Average
Futures Low - Low

Now let's go over the trading fees for each asset class one by one.

tastyworks stock and ETF commissions, spreads

tastyworks stock and ETF commissions are low. tastyworks stock and ETF commissions are charged as per the table below.

tastyworks stock and ETF commission
tastyworks
US stock Free stock and ETF
UK stock Not available
German stock Not available
Indian stock Not available

You can compare tastyworks stock and ETF fees with the two closest competitors.

tastyworks stock and ETF commission, spreads vs competitors
tastyworks ChoiceTrade TradeStation
US stock $0.0 $0.0 $1.0
UK stock - - -
German stock - - -
Indian stock - - -

Stock and ETF commissions are calculated for a $2,000 trade

tastyworks options commissions

You can see below the description of tastyworks options commissions. tastyworks options fees are average.

tastyworks options commissions
tastyworks
US stock index options $1.5 for opening a contract, closing is free
US stock options $1 per contract (max $10), closing is free
UK stock index options Not available
German stock index options Not available

Compare options commissions charged by tastyworks with those of ChoiceTrade and TradeStation.

tastyworks options commissions vs competitors
tastyworks ChoiceTrade TradeStation
US stock index options $7.5 $20.0 $10.0
US stock options $5.0 $20.0 $10.0
UK stock index options - - -
German stock index options - - -

Options commissions are calculated for 10 contracts

tastyworks futures commissions

You can see below how tastyworks futures commissions are charged. tastyworks futures fees are low.

tastyworks futures commissions
tastyworks
US micro e-mini stock index futures $0.85 per contract
UK stock index futures Not available
German e-mini stock index futures Not available

Compare how the futures commissions of tastyworks stack up against those of ChoiceTrade and TradeStation.

tastyworks futures commissions vs competitors
tastyworks ChoiceTrade TradeStation
US micro e-mini stock index futures $8.5 - $5.0
UK stock index futures - - -
German e-mini stock index futures - - -

Futures commissions are calculated for 10 contracts

tastyworks commission and other fees
tastyworks non-trading fees

In addition to trading fees, it's important to see if tastyworks charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by tastyworks with its two closest competitors.

tastyworks non-trading fees vs competitors
tastyworks ChoiceTrade TradeStation
Deposit fee $0 $0 $0
Withdrawal fee $0 $5 $0
Account fee No Yes No
Inactivity fee No Yes Yes

CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs

tastyworks commission and other fees
Bottom line

Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by tastyworks and its closest competitors. To learn more about tastyworks, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.

If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.

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

Share

Comments

×