Tastytrade
Fees:
- Options on Stocks and ETFs: $1.00 per contract to open, $0 to close (capped at $10 per leg).
- Futures Contracts: $1.25 per contract to open/close.
- Micro Futures Contracts: $0.85 per contract to open/close.
- Stocks and ETFs: No commission for unlimited shares.
- Cryptocurrency: No commission on trades, but a 35 basis point (bp) markup/markdown on the executed price is applied.
Offer:
- Cash Bonus: Receive a cash bonus on qualified deposits, based on the deposit amount.
Trading Platforms:
- Low-Cost Options Trading: TastyTrade offers $1.00 per contract to open options trades with no commission to close, capped at $10 per leg for equity options.
- Diverse Trading Instruments: Supports trading in stocks, ETFs, options, futures, micro futures, and cryptocurrencies, catering to varied market interests.
- Educational Resources and Tools: Provides free trading tutorials, platform demos, and advanced risk analysis tools for strategy development and decision-making.
- Low-Cost Options Trading: TastyTrade offers competitive rates for options trading, with a $1.00 per contract fee for opening options trades and no commission to close.
- Capped Commissions: For equity options, commissions are capped at $10 per leg, ensuring that costs are kept low even for high-volume traders.
- Wide Range of Trading Instruments: TastyTrade supports trading in stocks, ETFs, options, futures, micro futures, and cryptocurrencies, providing access to diverse markets.
- Advanced Trading Platform: Offers an intuitive, user-friendly platform designed to facilitate quick trade execution with advanced risk analysis tools.
- Educational Resources: TastyTrade provides free access to platform demos, trading tutorials, and financial education resources, helping traders develop their strategies.
- Cutting-Edge Risk Analysis Tools: Traders can benefit from advanced tools that help assess and manage risk, improving decision-making in volatile markets.
- No Fees on Cryptocurrency Trades: TastyTrade does not charge commissions on cryptocurrency trades, although it applies a markup/markdown on prices.
- No Account Minimums: There are no minimum deposit requirements to open or maintain an account, making it accessible for traders of all levels.
TastyTrade is a U.S.-based online brokerage platform designed for options traders and investors who want low-cost access to a variety of markets, including stocks, futures, and cryptocurrencies. Known for its user-friendly platform and capped commissions, TastyTrade caters to both beginner and advanced traders. The platform offers competitive fees for options trading, a simple yet powerful interface, and comprehensive educational resources, making it a strong choice for traders seeking to minimize fees while maximizing trading opportunities.
- Low Commissions on Options: Only $1.00 per contract to open an options trade, and no commission to close, making it ideal for active traders.
- Capped Commissions: For equity options, commissions are capped at $10 per leg, helping high-volume traders keep costs under control.
- Diverse Product Offering: Access to options, futures, micro futures, stocks, ETFs, and cryptocurrencies ensures that users can trade a wide range of assets.
- No Account Minimums: No minimum deposit requirement to open or maintain an account, allowing new traders to start with small amounts.
- Free Educational Resources: Offers comprehensive tutorials, trading strategies, and market insights to help traders improve their skills.
- Risky for Inexperienced Traders: Given its focus on options and futures, which involve leverage, TastyTrade may not be ideal for inexperienced traders unfamiliar with these instruments.
- Cryptocurrency Not FDIC or SIPC Insured: Cryptocurrencies traded through TastyTrade are not protected by FDIC or SIPC, adding an extra layer of risk for crypto traders.
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