Compare Alpaca Trading vs tastyworks


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against tastyworks!

Alpaca Trading vs tastyworks
overall rating
4.6
4.7
overall pros
  • Great API trading service
  • Free stock & ETF trading
  • Fantastic charting tools
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Limited product selection
  • Few deposit and withdrawal options
  • No demo account
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
4.5
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
1.9
  • No deposit fee
  • User-friendly
  • Free ACH withdrawals in the US
  • Credit/Debit card not available
  • Only one account base currency
  • High fee for wire withdrawals
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • Poor search function
  • Limited customizability (for charts, workspace)
  • No price alerts
3.4
  • Clear fee report
  • Price alerts
  • Two-step (safer) authentication for certain functions
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
3.9
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
2.0
  • Stock
  • ETF
2.6
  • Stock
  • ETF
  • Options
  • Futures
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
1.9
  • Great Slack and community forums
  • No phone support
  • No live chat
  • Mediocre email support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Traders interested in algorithmic stock trading Options and futures traders focusing on US markets
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