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Tastytrade Review (8.5/10)

Welcome to our in-depth review of Tastytrade. If you're contemplating whether to invest in this trading platform, you're in the right place. We've gathered insights from two experienced traders to provide you with a comprehensive analysis.

Man using a smartphone to trade stocks

Introduction to the Course

Tastytrade, formerly known as Tastyworks, is a brokerage firm launched in 2017 that offers a wide range of trading options including stocks, ETFs, futures, indices, and options. It targets experienced traders with advanced tools like watch lists, charting capabilities, and profit or loss trading tools. Despite its focus on seasoned traders, beginners can utilize its extensive video content to learn the platform's advanced features. Notably, Tastytrade distinguishes itself by not charging fees for inactivity and offering low commissions, particularly beneficial for frequent traders.

Investor analyzing financial data
  • Users can tailor their trading interface and strategies to suit their preferences.

  • Offers competitive pricing with free trades on ETFs and stocks, and $1 per contract for options.

  • Well-organized and equipped with features like face and fingerprint recognition, enhancing security and convenience.

  • Supports over 20 cryptocurrencies including Bitcoin, Ethereum, and Dogecoin.

Course Structure

Tastytrade provides a robust trading platform that emphasizes options trading and includes features like:


Pricing

FREE

This is a free resource that offers structured learning paths for traders at all levels. Topics include options, futures, stocks, portfolio management, and more.

Man studying technical analysis patterns on a screen

PROS

  • Customizable trading experience tailored to user preferences.

  • Low trading fees, which are particularly advantageous for frequent traders.

  • Secure platform with robust encryption and advanced authentication methods.

  • Extensive educational resources through videos and live programming.

  • No fees for inactivity, making it cost-effective for less active traders.

Candlestick chart

CONS

  • Account setup can be time-consuming.

  • Lack of a simulated trading account, which could hinder practice for new traders.

Who is This Course For

Active Traders

Individuals who trade frequently and benefit from the platform's cost-effective fee structure.

Experienced Traders

Those familiar with options and futures trading seeking advanced tools and low fees.

Additional Insights from a Veteran Trader

  • Tastytrade stands out for its:

    Focus on options and futures, supported by extensive educational content.

  • Tastytrade stands out for its:

    Integration of live programming reminiscent of entertainment and sports networks, enhancing engagement.

  • Tastytrade stands out for its:

    Unique features like the ability to emulate trades of experts through the following feed.

Overall Rating

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6.4/10

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6.1/10

Steven Dux

6/10

Zip Trader

6.3/10

Simple Trading

6.8/10

Timothy Sykes

6/10

Option Alpha

6.2/10

Tastytrade

8.5/10

Invest with Henry

6/10

Goat Academy

9/10

Adam Khoo

6.4/10

Anton Kreil

6/10

Warrior Trading

7/10

“Tastytrade impresses with its user-friendly desktop platform, comprehensive educational resources, and reliable customer service. While it lacks traditional banking services and may require initial effort for setup, its competitive pricing and innovative features make it a solid choice for active traders, particularly those involved in options and futures markets.”

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