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
3.6
4.7
overall pros
  • Low fees
  • Easy and fast account opening
  • Good mobile trading platform
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • Limited product portfolio
  • Missing web trading platform
  • Poor customer service
  • Limited product selection
  • Few deposit and withdrawal options
  • No demo account
fees
3.7
  • Low trading fees
  • Low forex fees
  • No inactivity fee
  • High withdrawal fee for international bank transfers and electronic wallets
4.5
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.1
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Slow withdrawal - over 3 days
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
3.4
  • Clear fee report
  • Price alerts
  • Two-step (safer) authentication for certain functions
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • Available in several languages
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • No price alerts
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.9
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
1.2
  • Forex
  • CFD
2.6
  • Stock
  • ETF
  • Options
  • Futures
research
1.8
  • Trading ideas
  • No fundamental data available
  • No/poor quality news flow
5.0
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
0.5
  • No 24/7 support
  • Slow support
  • Irrelevant answers
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Parent company is listed on stock exchange
  • No investor protection
  • No negative balance protection
  • 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 Forex traders looking for low fees and for those who prefer the MetaTrader 4 trading platform Options and futures traders focusing on US markets
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