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Compare Rakuten Securities vs tastyworks


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

Rakuten Securities vs tastyworks
overall rating
3.9 / 5.0
4.5 / 5.0
overall pros
  • Low fees
  • Easy and fast account opening
  • Great mobile trading platform
  • Low options trading fees
  • Great education materials
  • Very good customer service
overall cons
  • Limited product portfolio
  • Limited research tools
  • Missing web trading platform
  • Only US options, futures, and stocks
  • Can be intimidating for beginners
  • Trading platforms have some bugs
fees
4 stars
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
  • High financing rate
4 stars
  • Low trading fees
  • No inactivity fee
  • Transparent fee structure
  • Withdrawal fee
  • High financing rate
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • User-friendly
4 stars
  • Fully digital account opening
  • No minimum account balance
  • User-friendly
  • Can take 3 business days
deposit and withdrawal
3 stars
  • Free withdrawal
  • No deposit fee
  • Electronic wallet deposit and withdrawal
  • Credit/Debit card deposit and withdrawal not available
  • Slow withdrawal
2 stars
  • No deposit fee
  • User-friendly
  • Credit/Debit card deposit and withdrawal not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
-
4 stars
  • Clear fee report
  • Good search function
  • Great options trading panel with embedded strategies
  • Limited customizability (for charts, workspace)
  • Can be intimidating for beginners
mobile trading platform
4 stars
  • User-friendly
  • Looks nice
  • Available in several languages
  • No two-step (safe) login
4 stars
  • Two-step (safe) login
  • Good search function
  • Good variety of order types
  • No price alerts
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Price alerts
  • Wide variety of languages
  • No two-step (safe) login
  • Does not look nice
4 stars
  • Clear fee report
  • Price alerts
  • Looks nice
  • Limited customizability (for charts, workspace)
  • No two-step (safe) login
markets and products
1 stars
  • Forex
  • CFD
1 stars
  • Stock
  • ETF
  • Options
  • Futures
research
2 stars
  • Technical analysis-based recommendations
  • No fundamental data available
  • No/limited set of analytic tools
  • Low integration with the trading platforms
4 stars
  • User-friendly
  • Very enjoyable and relevant videos
  • Great overviews for option trading
  • Options focused
  • Limited fundamental data
  • Limited chart analysis tools
customer service
2 stars
  • Fast and relevant email support
  • Bad live chat and telephone support
  • No 24/7 availability
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
  • Only in English
  • Only 24/5
education
2 stars
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
5 stars
  • Educational videos
  • Easy to understand
  • Good production quality
  • No demo account
  • Regulated by top tier financial authority
  • Listed on stock exchange
  • Financial information is publicly available
  • No investor protection
  • No negative balance protection
  • Regulated by top tier financial authority
  • High level of investor protection
  • Started by well-known industry experts
  • No negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders preferring low fees and MetaTrader 4 trading platform Price sensitive equity and option traders focusing on the US