menuclose
StockBrokers.com is committed to the highest ethical standards and reviews services independently. Learn how we make money.

Firstrade vs tastytrade 2023

StockBrokers.com

Written by StockBrokers.com

April 11, 2023

Is Firstrade better than tastytrade? After testing 17 of the best online brokers over three months, Firstrade (87.80%) is better than tastytrade (81.30%). 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxAlly Invest
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxE*TRADE
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity
  • check_box_outline_blankcheck_boxFirstrade
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxJ.P. Morgan Self-Directed Investing
  • check_box_outline_blankcheck_boxMerrill Edge
  • check_box_outline_blankcheck_boxRobinhood
  • check_box_outline_blankcheck_boxSofi Invest
  • check_box_outline_blankcheck_boxtastytrade
  • check_box_outline_blankcheck_boxTD Ameritrade
  • check_box_outline_blankcheck_boxTradeStation
  • check_box_outline_blankcheck_boxTradier
  • check_box_outline_blankcheck_boxVanguard
  • check_box_outline_blankcheck_boxWebull

Compare

0 of 5
× Firstrade

Earn up to $4,000 in cash rewards

Visit Site

× tastytrade

Big bonus. Better Broker.

Visit Site

Sponsored

+ Add Broker

Close Menu ×
navigate_before navigate_next
Overall RatingFirstradetastytrade
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 2/5 Stars
Customer Service 3.0/5 Stars 4.0/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review tastytrade Review
Trading FeesFirstradetastytrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $0.00 N/A
Mutual Fund Trade Fee $0 N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.00 $0.50 info
Futures (Per Contract) N/A $1.25
Broker Assisted Trade Fee $19.95 $0
Margin RatesFirstradetastytrade
Margin Rate Under $25,000 13.25% 11.00%
Margin Rate $25,000 to $49,999.99 13.00% 10.50%
Margin Rate $50,000 to $99,999.99 12.50% 10.00%
Margin Rate $100,000 to $249,999.99 12.00% 9.50%
Margin Rate $250,000 to $499,999.99 11.75% 9.00%
Margin Rate $500,000 to $999,999.99 9.85% 8.50%
Margin Rate Above $1,000,000 9.25% 8.00%
Account FeesFirstradetastytrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Account Transfer Out (Partial) $55.00 $75.00
Account Transfer Out (Full) $75.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsFirstradetastytrade
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares No Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading No Yes
Forex Trading No No
Crypto Trading Yes Yes
Crypto Trading - Total Coins 38 25
Mutual Funds (No Load) 13777 0
Mutual Funds (Total) 19027 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesFirstradetastytrade
Order Type - Market Yes Yes
Order Type - Limit Yes Yes
Order Type - After Hours Yes Yes
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes No
Order Type - OCO Yes Yes
Order Type - OTO Yes Yes
Order Type - Broker Assisted Yes Yes
BeginnersFirstradetastytrade
Education (Stocks) Yes Yes
Education (ETFs) No Yes
Education (Options) Yes Yes
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary Yes Yes
Paper Trading No No
Videos Yes No
Webinars Yes Yes
Webinars (Archived) Yes Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsFirstradetastytrade
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No No
Trading - Stocks Yes Yes
Trading - After-Hours Yes Yes
Trading - Simple Options Yes Yes
Trading - Complex Options Yes Yes
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
SB Gallery - Mobile Apps
Stock App FeaturesFirstradetastytrade
Market Movers (Top Gainers) Yes Yes
Stream Live TV No No
Videos on Demand No No
Stock Alerts Yes No
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 50 33
Stock App ChartingFirstradetastytrade
Charting - After-Hours No Yes
Charting - Can Turn Horizontally Yes Yes
Charting - Multiple Time Frames Yes No
Charting - Technical Studies 81 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons No No
Trading PlatformsFirstradetastytrade
Active Trading Platform Firstrade Navigator tastytrade
Desktop Trading Platform No Yes
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Paper Trading No No
Trade Journal No No
Watch Lists - Total Fields 50 33
Stock Chart FeaturesFirstradetastytrade
Charting - Adjust Trades on Chart No Yes
Charting - Indicators / Studies 102 308
Charting - Drawing Tools 8 19
Charting - Notes No Yes
Charting - Index Overlays Yes No
Charting - Historical Trades No Yes
Charting - Corporate Events Yes No
Charting - Custom Date Range No No
Charting - Custom Time Bars No No
Charting - Automated Analysis No No
Charting - Save Profiles No Yes
Trade Ideas - Technical Analysis No No
Charting - Study Customizations 6 7
Charting - Custom Studies No No
Day TradingFirstradetastytrade
Streaming Time & Sales No No
Streaming TV No Yes
Direct Market Routing - Stocks No No
Ladder Trading No No
Trade Hot Keys No No
Level 2 Quotes - Stocks No No
Trade Ideas - Backtesting No No
Trade Ideas - Backtesting Adv No No
Short Locator No Yes
Order Liquidity Rebates No No
Research OverviewFirstradetastytrade
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds Yes No
Screener - Stocks Yes No
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock ResearchFirstradetastytrade
Stock Research - PDF Reports 1 0
Stock Research - Earnings Yes No
Stock Research - Insiders Yes No
Stock Research - Social No No
Stock Research - News Yes No
Stock Research - ESG No No
Stock Research - SEC Filings Yes No
ETF ResearchFirstradetastytrade
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis Yes Yes
ETFs - Ratings Yes No
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports Yes No
Mutual Fund ResearchFirstradetastytrade
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation Yes No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation Yes No
Mutual Funds - StyleMap Yes No
Options TradingFirstradetastytrade
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming No Yes
Option Chains - Total Columns 8 7
Option Chains - Greeks 5 5
Option Chains - Quick Analysis No Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis No Yes
Option Probability Analysis Adv Yes Yes
Option Positions - Greeks No Yes
Option Positions - Greeks Streaming No Yes
Option Positions - Adv Analysis No Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping No Yes
BankingFirstradetastytrade
Bank (Member FDIC) No No
Checking Accounts Yes No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceFirstradetastytrade
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support No No
OverallFirstradetastytrade
Overall 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4.5/5 Stars 4/5 Stars
Platforms & Tools 3.5/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review Firstrade Review tastytrade Review
arrow_upward

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

Read Next

Explore our other online trading guides:

More Comparisons

Firstrade vs Webull Firstrade vs Charles Schwab Firstrade vs Interactive Brokers Firstrade vs Ally Invest Firstrade vs TD Ameritrade Firstrade vs Robinhood tastytrade vs Tradier tastytrade vs TradeStation tastytrade vs Vanguard tastytrade vs eToro tastytrade vs Ally Invest tastytrade vs Webull

Show all

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. tastytrade was previously known as tastyworks, Inc.

close
navigate_before navigate_next