Firstrade vs tastytrade Comparison
Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare Firstrade vs tastytrade.
Is Firstrade or tastytrade better for beginners?
tastytrade offers more comprehensive new investor education for beginner investors than Firstrade. Firstrade offers investors access to Videos, Education (Stocks), Education (Options) and Education (Retirement), while tastytrade offers investors access to Education (Stocks), Education (ETFs) and Education (Options). Neither have Paper Trading, Education (Mutual Funds) and Education (Bonds). See our guide to Best Paper Trading Platforms for more.
What about Firstrade vs tastytrade pricing?
Firstrade and tastytrade charge the same amount for regular stock trades, $0.00. Option contracts are pricier at tastytrade, costing $0.50 per contract versus $0.00 per contract at Firstrade. For a complete commissions summary, see our best brokers for free stock trading guide.
Does Firstrade or tastytrade offer a wider range of investment options?
Firstrade offers investors access to Stock Trading, Options Trading, OTC Stocks and Mutual Funds, while tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading. Neither have Forex Trading and Advisor Services. Looking at Mutual Funds, tastytrade trails Firstrade in its offering of no transaction fee (NTF) mutual funds, with Firstrade offering 3767 and tastytrade offering 0.
Which trading platform is better: Firstrade or tastytrade?
To compare the trading platforms of Firstrade and tastytrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, Firstrade offers superior market research. Finally, we found Firstrade to provide better mobile trading apps.
Does either broker offer banking?
Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts and Debit Cards are offered by Firstrade while tastytrade offers none. Neither have Savings Accounts, Credit Cards and Mortgage Loans.
Is Firstrade good?
Firstrade scored well in our 2023 Annual Review for ease of use, and is a great choice for Chinese-speaking investors. However, it lags behind the competition in certain areas, especially platforms, tools and education.
Is tastytrade good?
Tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that make you feel like you’re on a trading desk.
Firstrade vs tastytrade Winner
Overall winner: Firstrade
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