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tastyworks review 2022

A professional-grade platform designed for options and futures traders.

Consider tastyworks if you're an experienced stock, options or futures trader looking for a dedicated derivatives trading platform. Look elsewhere if you're a long-term investor or brand new to trading.

Best for: Investors interested in options and futures trading.

Pros
  • $0 fees for stock trading and no account minimum.
  • Highly customizable platform.
  • Access to 20+ cryptocurrencies along with stocks, options and futures.
Cons
  • Complex platform not geared for newbies.
  • Not ideal for long-term investors.
  • No stock-specific analysis tools.
4.7

★★★★★

Finder rating

Stock trade fee

$0

Minimum deposit

$0

Complete signup bonus

Get $200 in US stocks when you open and fund an account with min. $2,000 for 3+ mos.

How we rated tastyworks’ features

Fees

★★★★

Commission-free trades on stocks and ETFs, and no withdrawal fees.
Available securities

★★★★★

Stocks, ETFs and cryptocurrencies.
Customer support

★★★★★

You can only reach out to customer support on live chat or via ticket.
Mobile app

★★★★★

Mobile app users love the app’s simplicity but don’t like the lack of proper customer support.
Research and tools

★★★★★

Advanced charting capabilities, discussion boards and TipRanks-powered research.
Reliability

★★★★

No major outages have been reported.
Bonus

Live access to tastytrade programming, available even if you don’t have a tastyworks account.

To learn how our star ratings are calculated, read our methodology at the bottom of the page.

tastyworks is best for options and futures traders

With platform tools and features specifically aimed at derivatives trading to help evaluate volatility, risk and profit, the platform is best suited for:

  • Options traders. Leverage a competitive fee structure and a myriad of trading tools, including curve analysis and quick roll features.
  • Futures traders. Standard, mini and micro futures are available alongside tools designed to help assess your delta exposure.

What you can trade on tastyworks

  • Stocks
  • Options
  • Futures
  • Crypto

Where tastyworks shines

Built primarily for options and futures trading, tastyworks has some of the best pricing on options and futures contracts in the industry. Its fee for stock and ETF options is $1 to open and $0 to close. Most brokers charge $0.65 to open and $0.65 to close, for a total of $1.30.

Where tastyworks falls short

It is possible to buy stocks and exchange-traded funds (ETFs) on tastyworks, but it’s a trading platform first and foremost. Everyday investors looking for a user-friendly platform with tools for fundamental analysis or stock-specific news will likely be better off looking elsewhere. Options and futures traders, maybe not.

tasyworks’ fees

Account minimum$0
Stock and ETF trade fees$0
Option on stocks and ETFs trade fees ($10 max per leg)$1 per contract to open, $0 to close
Options on futures trade fees$2.50 per contract to open, $0 to close
Options on micro futures trade fees$1.50 per contract to open, $0 to close
Future trade fees$1.25/contract to open, $1.25 to close
Micro futures trade fees$0.85 per contract to open, $0.85 to close
Smalls futures trade fees$0.85 per contract to open, $0.85 to close
Cryptocurrency trade fees1% of total crypto purchase and sale up to $10 max
ACH deposits and withdrawals$0
Account transfer fee$75

Is tastyworks legit?

Yes, tastyworks is a legitimate brokerage. The company is registered with the US Securities and Exchange Commission (SEC) and was approved as a broker-dealer by the Financial Industry Regulatory Authority (FINRA) in 2016.

Before tastyworks, CEOs Scott Sheridan and Tom Sosnoff cofounded the popular trading platform Thinkorswim. tastyworks launched to the general public in 2007.

tastyworks’ platform is complex

Here are some of the tools you can use to trade with on tastyworks:

  • Watchlists
  • Charts
  • Quick roll feature
  • Quick order feature
  • tastytrade programming
  • Follow feed

tastyworks‘ app

The web and mobile platforms are slightly powered-down, and perhaps a little more user-friendly, compared to the desktop app. You won’t have the same high-level functionality, but you can access your account and trade. You’ll be able to:

  • Place trades
  • Replace/cancel working orders
  • Roll positions
  • Close positions

tastyworks app

tastyworks‘ desktop app

Initially overwhelming, the platform offers so much data and so many tools that it’s easy to get lost in the beginning. But we found the tastyworks tutorial collection and tastytrade programming to be incredibly helpful for familiarizing ourselves with the platform.

Importantly, the platform is highly customizable. We also didn’t notice much lag when toggling through the different tabs and sections. It feels like what you’d expect a professional-grade options and futures trading platform to be.

tastyworks‘ app store reviews

Google Play app reviews4.2/5 stars based on over 800 reviews
Apple App Store app reviews4.8/5 stars based on over 3,000 reviews

tastyworks’ customer support

You can contact tastyworks customer support in three ways:

  • Phone
  • Live chat
  • Email

How to open an account with tastyworks

  1. Click the “Sign up now” button below and click “Get My Bonus”. Choose I Agree if you accept the terms and conditions.
  2. Enter your email address, username and password. Select “Continue” and then the type of account you’d like to apply for.
  3. Enter your personal information.
  4. Provide information about your trading experience and finances.
  5. Confirm your identity by answering security questions, and then enable two-factor authentication. Select “Continue To Important Documents” when finished.
  6. Review and submit your application.
  7. Once your application is approved, fund your account with an ACH transfer, wire transfer, check or funds transfer from another brokerage account.
  8. You can begin trading on the tastyworks platform.

Make sure the name on your tastyworks account exactly matches the name on your bank account, otherwise you may run into problems when you go to link your account for funding. We ran into this, and had to upload an ID for verification.

Eligibility and required information

  • At least 18 years old
  • Valid phone number and residential and email address
  • Existing bank to fund your account
  • Valid Social Security number

Sign up now

How safe is tastyworks?

The tastyworks platform is considered safe and secure. It uses Transport Layer Security (TLS) v1.2, with Advanced Encryption Standard (AES) 256 data encryption to encrypt data. tastyworks also uses real-time monitoring systems to protect customer data and regularly assesses, audits and fortifies its systems and code. Two-factor authentication is available for additional account security.

Frequently asked questions about tastyworks

Compare tastyworks to other platforms

tastyworks logo

tastyworks

★★★★★

Finder rating 4.7 / 5

Go to site


Asset types

Stocks, Options, ETFs, Cryptocurrency


Stock trade fee

$0


Minimum deposit

$0


Complete signup bonus

Get $200 in US stocks when you open and fund an account with min. $2,000 for 3+ mos.

SoFi Invest logo

SoFi Invest

★★★★★

Finder rating 4.35 / 5

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Asset types

Stocks, ETFs, Cryptocurrency


Stock trade fee

$0


Minimum deposit

$0


Complete signup bonus

Get up to $1,000 when you fund a new account within 30 days.

eToro logo

eToro

★★★★★

Finder rating 4.3 / 5

Go to site


Asset types

Stocks, ETFs, Cryptocurrency


Stock trade fee

$0


Minimum deposit

$10


Complete signup bonus

Get $10 - $240 when you sign up and deposit at least $50.

How we rate trading platforms

★★★★★ 5/5 — Excellent

★★★★★ 4/5 — Good

★★★★★ 3/5 — Average

★★★★★ 2/5 — Subpar

★★★★★ 1/5 — Poor

We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.

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