tastyworks is a popular US-based trading app that focuses mainly on trading options and futures. It offers low commissions and a strong set of educational tools for seasoned derivatives traders, causing many Canadians to wonder when it will make its way across the border.<\/p>
Luckily, tastyworks seems to be brewing up a plan to move its services to Canada in the near future. In the meantime, there are several suitable substitutes that you can use to trade options and futures while you wait for tastyworks to make the transition.<\/p>
tastyworks is a US-based trading app that lets US residents trade stocks, ETFs, options and futures. This platform is somewhat complicated to learn as it\u2019s primarily designed for trading options and futures, which are derivatives of stocks. This means that they derive their value from the movement of stocks, and you won\u2019t actually get ownership of any shares in a company.<\/p>
The concept of derivatives and how best to trade them can be a difficult thing to wrap your head around. This makes for a steep learning curve, which is why this platform isn\u2019t the best fit for beginners. That said, one of the features tastyworks is best known for is its wealth of research options and educational materials specifically related to options and futures trading. It also offers commission-free trades, which sets it apart from its competitors.<\/p>
Unfortunately, tastyworks is not currently available in Canada. That said, it seems the company has plans to cross over the border in the near future. Its success in making this much-anticipated move will largely depend on whether it can jump through the necessary regulatory hoops in Canada.<\/p>
The promise of movement but the lack of a set-in-stone arrival date is likely only semi-heartening news for investors who are ready to scale up into low-cost options and futures trading. That said, there are some suitable alternatives that you can consider until this platform arrives in the Great White North.<\/p>
When will tastyworks come to Canada? <\/strong><\/p> It\u2019s anticipated that tastyworks Canada will exist at some point in 2020. At this time, the company seems to be waiting for final approval from Canadian financial authorities before it can make the big move official. This means that Canadian investors could have access to lower commissions for trading options and futures in the very near future.<\/p><\/div> tastyworks is popular in the US because it offers low commissions for trading options and futures. It\u2019s aimed towards active investors and provides rigorous educational resources and research tools to help investors make informed decisions about what options to trade and when.<\/p> The mobile app that tastyworks offers is well-reviewed and has key analytics built into its interface so that you can see how much profit you\u2019re likely to make as you adjust different variables (such as the strike, size or expiry date of your trade).<\/p> The downside of this platform is that it doesn\u2019t put a major focus on other types of trades like stocks or ETFs. It also doesn\u2019t offer the choice to trade in bonds, GICs or precious metals. The app can also be difficult to master if you\u2019re new to trading options or futures.<\/p>Why is tastyworks so popular?<\/h3>
Compare alternatives to tastyworks Canada<\/h3>