tastyworks is a U.S. broker that is headquartered in Chicago and offers online trading in stocks, options, and futures through their flexible trading platforms. They were founded in 2017 to provide investors with speedy and stable trading conditions with competitive rates, and their fees start from $0.00 on stock trades, $1.00 to open options trades, and $0.00 to close options trades. However, the broker does not support the MetaTrader platforms and does not offer forex, CFD, and crypto trading.
tastyworks Review Introduction
In this tastyworks review, we will take a look at some of the most important factors worth considering when choosing a broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
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tastyworks Platforms & Tools
tastyworks provides their clients with their own proprietary trading platform, which is available as a web trading platform, installable desktop platform for Windows and Mac computers, and mobile trading apps for Android and iOS devices. The desktop version comes with a complete tool-set of features and functionality — an intuitive user dashboard layout and workflow, real-time market quotes, and advanced multi-account support and reporting. tastyworks Web Trading Platform doesn’t need to be downloaded and installed; it runs directly on most modern web browsers.
The mobile platform is for people who want to trade on the go — it gives you easy access to your account from anywhere you are, but it does not have all the features and functionality like the desktop version.
tastyworks Research & Education
The broker’s website has a section dedicated to traders’ education, which contains a range of trading topics that are useful to traders of all skill levels. On their partner website, tastytrade, you can get a wide selection of tutorial videos and research tools that can improve your trading knowledge and skills.
tastyworks Trading Accounts
tastyworks offers a range of account types to suit different traders’ needs. These are the main categories of accounts:
- Work Account: Standard retail trader account for active traders
- Individual Account: Margin or Cash
- Retirement Account: Traditional IRA, Roth IRA, SEP IRA
- Corporate Account
- Trust Account
- International Account
- Joint Account
The Work Account is for active retail traders, and it gives access to all investment products. For the individual account, a cash account does not require any minimum deposit, but a margin account requires at least $2,000 for full margin privileges.
tastyworks Account Funding
tastyworks accepts a limited number of payment methods for funding and withdrawals. These include wire transfer, check, electronic bank deposit (ACH), and external securities transfer. Transaction charges and the payment processing time depend on the payment method.
tastyworks Customer Service
The broker offers a prompt customer support service 24 hours a day on all trading days in the week, and the customer service team can be reached via online chat, phone, and email.
tastyworks is operated by tastyworks, Inc., which is a Chicago-based company that is registered as a broker-dealer and is a member of the Financial Industry Regulatory Authority (FINRA) — an independent, self-regulatory organization that makes and enforces rules for US-based brokers. The broker is also a member of the National Futures Association, which is a non-profit, self-regulatory organization for the U.S. derivative industry, including futures, swaps, and forex.
tastyworks Review Summary
tastyworks is a U.S. broker that offers online trading in stocks, options, and futures. They provide clients with flexible trading platforms and a number of educational resources. The broker offers speedy and stable trading conditions with competitive fees. However, the broker does not support the MetaTrader platforms and does not offer forex, CFD, and crypto trading.
It is worth mentioning that some of the trading products and services in this tastyworks review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the tastyworks broker website which you can visit by using the link below.
Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.