Tastytrade
★★★★★
Best for: US options traders, active investors in the USA.
Visit Tastytrade →
Capital at risk. Invest responsibly.
tastytrade is considered one of the best brokers for options trading in the US, with very competitive fees and a platform built specifically for this instrument. Unfortunately it is not available outside the United States.
Overview
| Minimum Deposit | No minimum |
| Fees | $0 on stocks and ETFs; $1 per contract on options (capped at $10 per leg); $0 to close options positions. |
| Asset Types | US Stocks, ETFs, Options, Futures, Cryptocurrencies. |
| Platforms | tastytrade Desktop, tastytrade Mobile (iOS and Android), tastytrade Web. |
| Regulation | FINRA, SEC, SIPC, NFA. |
| Available Countries | United States only. |
Pros & Cons
Pros
- Built specifically for options traders
- Low commissions ($1 to open
- $0 to close)
- Capped commission on multi-leg strategies
- Powerful platform with advanced analytics
- SEC and FINRA regulated
- SIPC protection up to $500
- 000
Cons
- Available for US residents only
- Focused on options and futures
- less suited for simple investing
- Interface can be complex for beginners
Verdict
Excellent for options traders in the US, but not relevant for European or international investors.
Open account at Tastytrade →
Capital at risk. Invest responsibly.