tastytrade Review 2024 | Is It Legit & Safe Trading Platform?

Searching for an online broker that caters to your trading needs? Welcome to our site for an in-depth Tastytrade review. Whether you’re an experienced trader or just a beginner, our thorough examination of Tastytrade encompasses essential aspects such as key features, market instruments, and more. Tastytrade (previously known as tastyworks) is a vibrant online brokerage that was founded in 2017 and provides a convenient trading platform for trading equities, futures, options, ETFs, and now cryptocurrencies. Strengthen your ability to make well-informed choices in the constantly evolving landscape of online trading through acquiring valuable knowledge and insights.


tastytrade Overview

Official Website https://tastytrade.com/
Headquarters West Loop, Chicago
Founded Year 2017
Regulated FINRA, NFA, and SIPC
Instruments Offered Options, Futures, Options on Futures, Stocks, ETFs, Commodities, Indices
Minimum Initial Deposit No Minimum Deposit
Maximum Leverage NA
Islamic Account No
Demo Account No
Meta trader 4 (MT4) No
Meta trader 5 (MT5) No
Trading Fees Yes
Inactivity fees No
Withdrawal fees No
Supported currencies USD
Customer Support Live Chat, Email, Phone, and FAQs Support

Sign Up Now

Pros and Cons


  • Best suited for active traders with cash and margin accounts.
  • Multi-leg options trades, paper trading, futures trading, ETFs, and more.
  • Legal entity regulated by FINRA, SEC, and SIPC.
  • Desktop trading, mobile app, and Web-based trading platforms.
  • Convenient maximum commission rates and fees.


  • Not suitable for passive investors.
  • Like other tastytrade competitors, it does not offer international trading, bonds, forex, and mutual fund trades.
  • There are too many country restrictions.
  • Limited fundamental data.

Why Choose tastytrade Platform?

tastytrade is a social, comprehensive, and well-designed trading platform, especially for experienced traders. It stands out from many other brokers in various ways.

The tastytrade platform boasts several key features that make it a popular choice among traders:

  • Diverse Trading Options – From equities and futures to options, ETFs, and cryptocurrencies, tastytrade provides a comprehensive range of trading instruments, allowing you to diversify your portfolio according to your preferences.
  • User-Friendly Interfaces – Their intuitive and easy-to-navigate design ensures a smooth experience for both seasoned traders and beginners.
  • Cryptocurrency Trading – Through their partnership with Zero Hash, tastytrade offers access to popular cryptocurrencies for purchase and holding.
  • Proven Track Record – Established in 2017, tastytrade has built a reputation for reliability and performance, offering a stable and trustworthy trading environment.
  • Transparent and Competitive Fees – With commissions starting at $1 per options contract, tastytrade offers competitive pricing, especially for active traders.

Is tastytrade Regulated?

tastytrade is a member of the Securities Investor Protection Corporation (SIPC) that protects customers on tastytrade if the platform ever fails. This insurance policy safeguards traders from any wrongdoing from their brokers. In addition, tastytrade is a member of the National Futures Association (NFA), a self-regulatory body for options and futures trading in the United States.

Furthermore, tastytrade is a registered broker-dealer under the Financial Industry Regulatory Authority (FINRA), an equivalent body for securities. The current membership ID of the tastytrade platform is 277027. This makes tastytrade a legit, safe, and regulated platform for beginners and experienced traders.

tastytrade Trading Products (tastytrade Instruments)

Tastytrade primarily concentrates on options and futures trading, which sets it apart from other major brokerage platforms in terms of asset availability. This range of products offers flexibility, risk mitigation, and the possibility of higher profits, all of which are specifically designed to satisfy the diverse needs of traders. Below is a list of tastytrade trading products designed to empower you in your financial journey.

1. Options

Low commissions for stock and ETF options start at $1 per contract to begin and $0 to finish with tastytrade, making it a powerful option trading trip. Our commissions are limited to $10 each leg, giving traders affordable flexibility. Investing in calls, puts, or more complex techniques like spreads and iron condors? Our platform offers a combination of easy-to-use tools and instructional resources to help you make well-informed decisions. Experience the next level of options trading where the greatest trading platform combines affordability and innovation.

2. tastytrade Futures

Futures traders can get exposure to interest rates, commodities, currencies, and indices in futures trading. Open futures contracts with as low as $0.25 and enjoy full freedom of making further capital increases. Futures, Micro Futures, and Small futures are available on tastytrade, with commissions starting as low as $0.25 for opening and closing contracts.

3. tastytrade Options on Futures Trading

Options and futures traders can use tastytrade options futures contracts that give them the right to buy and sell standard futures contracts at specified price levels by a specified date. Increased returns on capital are possible with leverage in futures options. Explore a diverse range of markets across various asset classes, strategize based on price levels and implied volatility using tastytrade’s proprietary IV rank. Options and futures traders can enjoy increased flexibility, with the ability to trade 23 hours a day, 5 days a week, and strategically limit losses through thoughtful strategies.

4. Stocks

Stock and ETF trading is also available on tastytrade, where ETF traders can buy or sell stocks with unlimited shares. Trade stocks and get unlimited exposure to stock and ETF trades at zero commission. Traders can also get access to stocks and ETFs with tight spreads and high-volume trading that often comes with favorable prices. Traders can select strategies that allow them to potentially gain through speculation on rising or falling prices of stocks and ETFs.

5. ETFs

tastytrade traders can get access to market exposure by trading through ETF trades. Buy and sell any stock and ETFs trade commission-free and access international markets through various asset classes. An active options trader can speculate on both rising and falling stocks and ETFs across Index ETFs, options ETFs, commodity ETFs, sector ETFs, and bond ETFs.

6. Commodities

tastytrade traders can diversify their portfolio with crude oil, corn, gold, soybeans, natural gas, silver, and more. A wide variety of commodities are available at tastytrade, such as energy commodities, metals, raw materials, and agricultural products. Traders can use these commodities for trading and size up or down depending on their account type or restaurants. They can also take advantage of popular trading pairs to balance out their portfolios, such as grain pairs or gold-silver ratios.

7. Indices

Indices trading on tastytrade works well for traders with risk tolerance. Trade indices on tastytrade to reduce single stock will eternity by trading stocks and ETFs to lower risk profile. Short and long-term investors can enjoy market flexibility and get exposure to several asset classes with index futures, index options, and index ETFs. tastytrade also keeps traders up to date on index trading with more than 15 index watchlists and multiple components. The index options and futures on tastytrade now offer insights into global and local financial markets and provide an outlook for upcoming trading sessions.

tastytrade Trading Platforms

tastytrade offers three trading platforms so that traders can trade however they want, whenever they want, and experience powerful trading capabilities on their choice of platforms. Let’s dive into the existing online trading platforms offered by tastytrade:-

  • Desktop – The tastytrade desktop platform is built for every user to think more about the trades and worry less about how to place them. Using a simple click-and-drag technique, traders can make easy navigation through different markets and place trades quickly. They can visualize currency price actions with special charting features, view multiple positions for stocks and ETFs charts simultaneously, and access several customizable chart indicators.
  • Browser – With the browser platform, traders can trade from any part of the world using the tastytrade web platform, fund, and manage different account types and profiles.
  • Mobile Platform & iPad Devices – The tastytrade web-based platform also provides an excellent mobile experience by giving access to mobile platforms and iPad platforms to place orders seamlessly on the go. Traders can also access fundamental data and news on the stock market and other platforms or products.

tastytrade Trading Platforms

Trade Now

Why Use tastytrade’s Trading Platforms?

  • Trade With an Award-winning Broker – Trading on tastytrade allows a seamless trading experience on the award-winning trading platform that was named the Best Online Broker by IBD (Investor’s Business Daily) during its ninth annual survey.
  • Choose From a Wide Range of Assets – With tastytrade; traders get added exposure as they get to choose from multiple asset classes across a wide range of market sectors.
  • Build Watchlists – Traders can also organize their trading prospects on tastytrade and manage them by converting them into a watchlist and keeping tabs on the group assets.
  • View Portfolio on Multiple Interfaces – There are two different modes for traditional and visual trading experiences – table or curve mode. Traders can switch between these modes or take their trading experience on the go with the tastytrade Mobile app.
  • Use Adjustable Charting Tools – Analyzing chart data has become easier with adjustable charting tools on tastytrade, allowing traders to modify chart metrics and indicators according to their requirements.
  • Stay on Top of Market Activity – Traders on tastytrade can stay ahead of others with customizable alerts, the platform video feeds, and follow feeds and boost their awareness surrounding the financial market.

tastytrade Account Opening Process

To start with account opening process at tastytrade, follow the simple 5 steps below:-

Step 1. A new tastytrade account can be created by visiting the official website and navigating to the Open an Account tab on the right-hand top corner of the landing page.

Step 2. A registration field will appear on the screen that needs to be filled in with a few customer details, including email address, username, and a strong password.

Step 3. Enter Continue to submit the registration field.

Step 4. Traders can use their username and password to access all features, products, and tastytrade account types.

Step 5. A confirmation link sent to the registered email ID must be clicked and opened within 72 hours. This will lock the account for security purposes. Users need to answer some basic questions, such as the available account types they want to open, the security measures that need to be fulfilled, and the submission of relevant documents for identity verification.

tastytrade Sign-Up Process

Sign Up Now

Types of tastytrade Accounts

tastytrade offers different account types, including margin accounts, cash accounts, individual, retirement accounts, individual accounts, and joint brokerage accounts.

Standard Brokerage Accounts

  • Individual Account – Individual accounts have a single account owner and are available in margin or cash. A margin account provides greater flexibility and leverage in different trading and investment strategies and products.
  • Tenants in Common (TIC) Joint Account – Tenants In Common or TIC is a joint account having two account owners with a specified percentage of the assets in the account specified by the owners. If one owner dies, all assets of the deceased owner get passed on to the other owner’s estate. Both margin and cash accounts are available for TIC joint accounts.
  • Joint With Rights of Survivorship Account – Joint with Rights of Survivorship Account is used when two account owner holders have equal asset share. If one dies, the surviving holder gets full rights to the account and can choose whether to go for margin or cash while applying.

Retirement Accounts

  • Traditional IRA – The traditional IRA retirement account is eligible for people with earned income or those who file joint returns with their spouse’s earning income. Typically, with $6,000 allowable contributions in tax-deferred income annually, earnings grow tax-deferred and are generally taxed at the ordinary rate at the time of withdrawal only when the age requirement is fulfilled.
  • Roth IRA – Roth IRA is another individual retirement account that offers tax-free, penalty-free withdrawals on earnings.
  • Sep IRA – Sep IRA is a retirement individual retirement account for small business employees or owners and self-employed individuals.
  • Beneficiary Traditional IRA – This retirement account is opened only when the designated beneficiary inherits an IRA after the original owners have deceased.
  • Beneficiary Roth IRA – This is again similar to the original Roth IRA and is usually tax-free.

Entity Accounts

  • Corporate – Corporate accounts can be opened in place of a legally built US entity. When writing this review of tastytrade, it offers C Corp, S Corp, LLC (limited liability company), and partnership accounts.
  • Trust – Trust accounts are opened in place of a revocable or irrevocable trust. To create a trust account, a copy of the Certificate of Trust and Investment Powers is required.

International Account

With international accounts, traders can upgrade from a basic cash account to trade on a margin account, trade options, futures, and more by applying for trading permissions.

Why Open an Account with tastytrade?

tastytrade has provided us with many reasons, encouraging us to open a margin or cash account with the trading platform.

  • Effortless Account Management – tastytrade offers easy access to account transfers, communications, security preferences, statements, and many more in a single management portal.
  • Secure platform with flexible interface – All the available trading platforms on tastytrade are reliable, with innovative and practical features that keep traders on top of the financial market conditions.
  • Transparent fees and commissions – Traders can take full advantage of low commission rates to open or close trades and increase their capital.
  • Wide variety of financial products – tastytrade trading platform gives access to ETFs, options, micro futures, small futures, crypto, penny stocks, ETFs Index, cryptocurrencies, and many more.
  • Award-winning platform – Traders can rest assured while starting the trading journey on tastytrade as it offers an award-winning trading platform. It has won the Best Online Broker For Options Trading by Investopedia in 2023, the Best Broker For Options by Forbes in 2023, and has achieved a 4 out of 5 rating by Ascent, A Motley Fool Service in 2023.

tastytrade Trading Permissions

  • Margin Trading – Other than increased purchasing power, traders can get other benefits, such as access to additional trading strategies and financial products, such as stocks and ETFs, covered and uncovered options, options futures, and more.
  • Options Trading – There are three levels to trade options: Limited, Basic, and The Works.
  • Futures Trading – To trade futures, traders must have The Works at tastytrade.
  • Portfolio Margin Trading – Portfolio margin trading has the highest leverage, allowing retail traders up to 6.7 times the purchasing power for the available products compared to twice that in the standard margin account.
  • Crypto Trading – Crypto trading is allowed only for individual accounts.

tastytrade Technologies

Coming to tastytrade technologies, there are several ways traders can benefit by joining the trading platform and investing their time and money wisely. Short and long-term investors can enjoy market flexibility and get exposure to several assets with index futures, index options, and index ETFs. With tastytrade, different exclusive trading tools help traders get a better experience, such as Curve Analysis, Quick Roll, Quick Order Adjustments, Percentage Of Profit Limit Orders, ETF Futures Delta, In-App Trading Inspiration, and many more.

tastytrade Fees & Commissions

Deposit and Withdrawal Options

tastytrade offers multiple deposit and withdrawal options, including ACH bank transfers, brokerage transfers, internal transfers, wire transfers, IRA contributions or distributions, or by cheque. Each transfer method has different charges, minimum and maximum commissions, and limits. Before joining the tastytrade platform, traders must check out the official website to learn more about deposits, withdrawals, and transfers on tastytrade.

Trading Commissions and Fees

tastytrade’s financial network has commission-free options trading, futures trading, crypto trading, and more. Even if tastytrade charges opening and closing commissions, they are at low levels, allowing traders to place more trades efficiently. Compared to other top forex brokers, the commissions are capped at $10 per leg for all opening equity option trades and $10 for all opening and closing crypto trades. The commissions tastytrade offers have been mentioned in the table below:-

Trading Products Opening Commission Closing Commission
Options on Stock and ETFs ($10 max per leg) $1.00 per contract $0
Options on Futures $2.50 per contract $0
Options on Micro Futures $1.50 per contract $0
Stocks and ETFs $0 unlimited shares $0
Futures $1.25 per contract $1.25 per contract
Micro Futures $0.85 per contract $0.85 per contract
Small Futures $0.25 per contract $0.25 per contract
Small Futures Options $0.50 per contract $0
Cryptocurrency ($10 max) 1% on total crypto purchase 1% on total crypto sale

tastytrade does not charge any fees on deposits and withdrawals made on the platform. However, traders must be aware of other trade-related and banking fees before joining the brokerage platform.

tastytrade Bonus

Opening a brokerage account with tastytrade is rewarding as the platform offers bonuses to high rollers. Traders funding their account with the following minimum deposit amounts can claim bonuses:-

Bonus  Funding Account (Minimum) 
$100 $5,000 – $24,999
$500 $25,000 – $99,999
$2,000 $100,000 – $249,999
$3,000 $250,000 – $499,999
$4,000 $500,000 – $999,999
$5,000 $1,000,000 – $4,999,999
$25,000 $5,000,000+

Sign Up Now

Educational Resources offered by tastytrade

According to our tastytrade review, Tastylive is one of the best features of tastytrade. Active traders and even beginners can check out Tastylive Network for one of the best educational resources, including trading shows, learning and educational materials, traders’ resources, news and insights, events, newsletters, and many more.

Being a content network, Tastylive offers free learning materials that run in tandem with the platform. It gives actionable information well-rooted in real-world experience and research that helps readers grow their knowledge around trading and investment. There are free options content based on statistics that traders can heavily benefit from.

Tastylive supplements traders with tons of educational materials like blogs, investing glossary, videos, a daily email, and weekly research report that serves as additional educational resources for investing in education and market news.

tastytrade Learning Center

Sign Up Now

tastytrade Supported/Restricted Countries

Supported Countries Restricted Countries
Argentina, Australia, Austria, Brazil, Egypt, Finland, France, Germany, India (cash accounts only), Indonesia, Israel, Italy, Malaysia, New Zealand,Saudi Arabia, Singapore, Spain, Sweden, Switzerland, Thailand and UK Afghanistan, Barbados, Central African Republic, Democratic Republic of the Congo, Ghana, Iran, Iraq, Jordan, Mauritius, Myanmar (Burma), Nigeria, North Korea (Democratic People’s Republic of Korea), Russia, South Africa and United Arab Emirates
Note – There are certain restrictions that tastytrade needs to follow and prohibit residents from creating an account with this platform. Visit the official tastytrade website to get the most full information on supported and restricted countries

tastytrade’s Security Measures

As per our tastytrade review, tastytrade has a high level of security with advanced defensive systems, real-time monitoring, and unbreakable 256-bit SSL encryption for ultimate privacy and account protection. The platform’s continuous fortification strategy involves regular audits, code reviews, and professional vulnerability assessments to preemptively address potential threats. An easy-to-use and regulated trading platform is guaranteed by this continuous commitment to security, giving traders the confidence to utilize the platform safely and easily.

tastytrade’s Security Measures

Sign Up Now

tastytrade Customer Support

Clients can use the live chat section to ask queries regarding the tastytrade service. As an alternative, you can reach the tastytrade support staff by phone, chat, email, or other means. Clients can also submit their questions and expect to get a response within 24 hours.

The assistance phone number is available from 7:00 AM CST – 5:00 PM CST (Monday-Friday)

Toll-Free Number – 888-247-1963

Local and International – 312-724-7075

Fax – 312-724-7364 

General Support: [email protected] 

Accounts: [email protected] 

Banking: [email protected] 

Trade Desk: [email protected]

Our Verdict on tastytrade review

To conclude, this tastytrade review highlights the platform’s web-based and desktop functionalities, catering to active investors and traders keen on derivatives trading, encompassing stocks, ETFs, options, commodities, and crypto. The platform’s competitive fee structure and commissions ensure that traders have every advantage.

tastytrade’s trading and investments platform is best suited for active traders, especially those who trade futures or options contracts. However, those looking for a comprehensive brokerage firm with international trading, bonds, forex, complicated options trades, and mutual fund trades must look elsewhere. Overall, tastytrade stands out with its superior options, competitive pricing schedules, and advanced trading technology, making it a leader in the industry. Furthermore, its dedication to providing a legally secure trading environment emphasizes its credibility and trustworthiness.


Is tastytrade a good broker?

Yes, tastytrade is a good broker for experienced options traders who value a user-friendly platform, low commissions, and a focus on education.

Does tastytrade Offer a Bonus?

Yes, tastytrade bonuses are easy to claim. Keep funding the tastytrade account with more funds and start claiming deposit bonuses.

What Is the Difference Between tastyworks and tastytrade?

Tastyworks, a popular online broker catering to active traders, underwent a rebranding in 2023, shedding its former name and emerging as Tastytrade. This move aimed to create a clearer distinction between the broker and its sister platform, tastylive, which previously held the Tastytrade moniker.

How Much Does tastytrade Charge for Deposit and Withdrawal?

No, tastytrade does not charge any fees for deposits and withdrawals.

What is the tastytrade Minimum Deposit?

No minimum deposit amount is required to create or maintain a trading account with tastytrade. However, traders looking for margin privileges will require a margin account with an account minimum balance of $2000.

How Long Does tastytrade Take to Make a Withdrawal?

Withdrawn funds from tastytrade usually take 1 to 3 business days to reflect in the trader’s bank account. However, most funds get processed and returned within 24 hours if requested.

Is My Money Safe with tastytrade?

Yes, being regulated by the SIPC (the Securities And Exchange Commission), FINRA (the Financial Industry Regulatory Authority), and NFA (National Futures Association), tastytrade is a safe and legitimate platform. Moreover, it employs top-notch security measures such as two-factor authentication and 256-bit encryption protocols to protect clients’ information and funds.

Disclaimer: This page does not solicit or recommend investments, nor does it provide trading or financial advice. Before investing in cryptocurrencies or engaging in securities trading, you should conduct thorough due diligence, including consultation with a certified financial advisor. We accept no liability for any financial losses incurred.

Back to top button