tastytrade vs Public.com 2024
In this head to head comparison of tastytrade vs Public.com, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
In this head to head comparison of tastytrade vs Public.com, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
When comparing investment options available for accounts at tastytrade and Public.com, tastytrade stands out slightly more robustly with a 4-star rating and an #11 ranking out of 18 brokers by StockBrokers.com. In contrast, Public.com earns a 3-star rating and ranks #15 in the same category. Both platforms cater to different investment needs, each offering its own strengths and weaknesses.
Tastytrade provides a comprehensive range of investment services, including stock, margin, fractional shares, options, futures, and crypto trading with four available coins. It does not, however, offer OTC stocks, mutual funds, or forex trading. Investors can benefit from additional account options, such as traditional and Roth IRA accounts with tastytrade, providing for further diversification and strategic long-term investment planning. Tastytrade’s wide variety of available trading options makes it an attractive choice for seasoned traders looking for deeper market participation.
On the other hand, Public.com offers some unique opportunities, such as trading OTC stocks and having a slightly broader selection of seven coins available for cryptocurrency trading. It supports stock, fractional shares, options, and crypto trading. Still, it lacks margin, futures, or IRA account options, which might be limiting for some investors. While Public.com may not offer advisor services or mutual funds, its provision for trading in OTC stocks can cater to niche interest areas that some traders may find beneficial.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Stock Trading | Yes | Yes |
Margin Trading | Yes | No |
Fractional Shares | Yes | Yes |
OTC Stocks | No | Yes |
Mutual Funds | No | No |
Options Trading | Yes | Yes |
Futures Trading | Yes | No |
Crypto Trading | Yes | Yes |
Crypto Trading - Total Coins | 4 | 7 |
Investment Options |
Dive deeper: Best Options Trading Platforms & Brokers, 5 Best Futures Trading Platforms of 2024
When comparing the trading platforms and tools of tastytrade and Public.com, tastytrade stands out as the superior choice. It boasts a 4.5-star rating and is ranked #6 out of 18 brokers by StockBrokers.com, whereas Public.com garners a 2.5-star rating and ranks at #17. This distinction is largely due to tastytrade's comprehensive offerings, such as downloadable platforms for both Windows and Mac, extensive charting capabilities, and a robust set of 308 technical indicators, which significantly outshine Public.com's limited features.
Tastytrade offers a comprehensive suite of downloadable and browser-based platforms, providing traders with multiple avenues to access their services, including a Windows and Mac desktop application, which is notably absent at Public.com. Furthermore, tastytrade's watch lists feature can display 33 columns, significantly richer than Public.com's 3-column maximum. Charting on tastytrade is much more advanced, with 31 drawing tools and the ability to adjust open orders directly on the stock chart, compared to Public.com, which lacks drawing tools and such capability.
The ability to customize trading experiences on tastytrade further enhances its attractiveness. Traders can annotate charts, add index overlays, show historical trade data, and display corporate events directly on charts. Additionally, tastytrade offers customization options for SMA (Simple Moving Average) studies with 7 fields and the ability to create custom chart studies, features that Public.com does not support. These advanced functionalities make tastytrade a compelling choice for traders seeking a powerful trading platform with rich, customizable tools.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Web Trading Platform | Yes | Yes |
Desktop Trading Platform | Yes | No |
Desktop Platform (Mac) | Yes | No |
Paper Trading | No | No |
Watch Lists - Total Fields | 33 | 3 |
Charting - Indicators / Studies | 308 | 0 |
Charting - Drawing Tools | 31 | 0 |
Platforms & Tools |
Dive deeper: Best Stock Brokers for 2024, Best Paper Trading Platforms of 2024
When it comes to providing educational resources for beginner investors, tastytrade and Public.com both offer a range of learning opportunities. Both platforms provide education on stocks, ETFs, and options, allowing new investors to understand key aspects of the investing world. However, they fall short in educating about mutual funds and bonds. While neither broker offers paper trading or educational quizzes, Public.com stands out with its offering of educational videos, providing a dynamic learning experience that tastytrade lacks. On the other hand, both platforms offer webinars to help users stay updated on market trends and strategies.
Despite Public.com's visual learning approach, tastytrade shines with an overall higher education rating of 4 stars compared to Public.com's 3 stars. It's also worth noting that on the StockBrokers.com education ranking, tastytrade is positioned at #8 out of 18 brokers, while Public.com is further down the list at #15. This suggests that, although both platforms support learning, tastytrade provides a more robust educational experience for beginners eager to increase their knowledge and skills in investing.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Education (Stocks) | Yes | Yes |
Education (ETFs) | Yes | Yes |
Education (Options) | Yes | Yes |
Education (Mutual Funds) | No | No |
Education (Bonds) | No | No |
Paper Trading | No | No |
Videos | No | Yes |
Webinars | Yes | Yes |
Education |
Dive deeper: Best Stock Trading Platforms for Beginners of 2024
When choosing between the stock trading apps offered by tastytrade and Public.com, it becomes apparent that tastytrade holds a slight edge both in functionality and user preference. Rated at 4.5 stars, tastytrade is highly favored compared to Public.com's 4-star rating. Furthermore, tastytrade stands higher in the ranks, positioned at #10 out of 18 brokers by StockBrokers.com, whereas Public.com is ranked at #14. This indicates a general preference for tastytrade due to its enhanced trading features and user experience.
Both tastytrade and Public.com facilitate stock trading through their iPhone and Android apps, though they do not extend their platforms to the Apple Watch. They each support mobile after-hours stock trading and options trading, which is essential for active traders. However, a key differentiator lies in tastytrade offering streaming quotes to keep investors informed in real-time, a feature absent in Public.com. On the customization front, while both apps allow the customization of watch list columns, tastytrade additionally lets users create custom watch lists, adding a layer of personalization that Public.com lacks.
For traders interested in advanced charting capabilities, tastytrade provides more comprehensive tools by offering after-hours charting and landscape mode chart views, neither of which is available with Public.com. Both apps do enable viewing multiple time frames on charts but offer no technical studies. Though Public.com allows users to display stock comparisons on charts, a feature not present with tastytrade, the broader customization and real-time features offered by tastytrade appeal to more experienced traders looking for a robust mobile trading experience.
Feature |
tastytrade
|
Public.com
|
---|---|---|
iPhone App | Yes | Yes |
Android App | Yes | Yes |
Apple Watch App | No | No |
Stock Alerts | No | No |
Charting - After-Hours | Yes | No |
Charting - Technical Studies | 0 | 0 |
Mobile Trading Apps |
Dive deeper: Best Stock Trading Apps of 2024
When evaluating tastytrade and Public.com, prospective investors will find notable differences and similarities in their fee structures. Tastytrade holds the advantage with a $0 minimum deposit and offers commission-free regular stock trades, yet it charges $0.50 per options contract. Conversely, Public.com requires a $20 minimum deposit but provides options trading at no cost per contract. Additionally, Public.com does not offer margin accounts, potentially limiting active traders looking for leverage options, which are offered by tastytrade with varying rates. Both platforms have matching fees for full and partial account transfers.
Tastytrade stands out with zero annual fees for IRA accounts but imposes a $60 closure fee, contrasting with Public.com which does not disclose specific IRA-related fees. Furthermore, investors utilizing margin accounts with balances under $25,000 will encounter an 11% charge with tastytrade, while Public.com completely lacks margin services, potentially appealing or unappealing depending on one's trading strategy. On the other hand, Public.com differentiates itself by charging no fees for options exercises and assignments, unlike tastytrade, which levies a $5 fee for both services.
Ultimately, the decision between tastytrade and Public.com might rest on an individual’s requirements for margin trading and preferences for options-related services. While tastytrade provides flexible margin rates and accommodates investors with $0 account minimums, Public.com offers a simplicity-focused approach with no fees on options contracts or exercises, appealing to traders who might prioritize straightforward, cost-effective trading platforms. Each broker delivers unique advantages, and prospective users need to consider their personal investment strategies and operational priorities.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Minimum Deposit | $0.00 | $20.00 |
Stock Trades | $0.00 | $0.00 |
Options (Per Contract) | $0.50 | $0.00 |
Options Exercise Fee | $5.00 | $0.00 |
Options Assignment Fee | $5.00 | $0.00 |
IRA Annual Fee | $0.00 | |
IRA Closure Fee | $60.00 | |
Commissions & Fees |
Dive deeper: Best Brokers for Free Stock Trading of 2024
When evaluating the day trading capabilities of online brokers, tastytrade and Public.com both offer unique features tailored to different types of investors. Tastytrade stands out by offering streaming live TV, providing traders with access to continuous market insights and analysis, a beneficial feature for those relying on timely information. Additionally, tastytrade supports ladder trading, allowing for a more detailed view of price movements, which can be advantageous for tracking and executing trades. Furthermore, tastytrade includes a short locator tool that lets users view the real-time availability of shares available to short, enhancing flexibility for traders looking to execute short selling strategies.
On the other hand, Public.com lacks some of the more advanced features suitable for dedicated day traders. It does not offer streaming live TV, ladder trading, or a short locator tool, which may limit users who rely on these functionalities for active trading. Both platforms do not offer streaming time and sales for stocks, direct market routing, trading hotkeys, level 2 quotes, or basic and advanced strategy backtesting. Additionally, neither provides order liquidity (maker/taker) rebates, making them potentially less appealing for high-frequency traders. Ultimately, tastytrade might better serve active day traders with its additional features, while Public.com could be more fitting for those with simpler trading needs.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Streaming Time & Sales | No | No |
Streaming TV | Yes | No |
Direct Market Routing - Stocks | No | No |
Level 2 Quotes - Stocks | No | No |
Trade Ideas - Backtesting | No | No |
Trade Ideas - Backtesting Adv | No | No |
Short Locator | Yes | No |
Dive deeper: Best Day Trading Platforms of 2024
When it comes to market research capabilities, tastytrade emerges as a slightly better choice compared to Public.com, although both platforms have limitations. Tastytrade scores 2.5 stars out of five and ranks #13 out of 18 brokers on StockBrokers.com, while Public.com receives 2 stars and ranks #17. This distinction reflects tastytrade's broader offerings, such as portfolio allocation capabilities by asset class, which are absent in Public.com.
Both tastytrade and Public.com provide essential research for stocks and ETFs, making them suitable for investors focused on these instruments. However, neither platform extends their research resources to Mutual Funds or Bonds, which may pose a limitation for users interested in a comprehensive research suite. Additionally, both platforms fail to offer downloadable PDF research reports for stocks, ETFs, or mutual funds, as well as social media sentiment data and ESG research, leaving room for potential enhancement in their research tools.
A unique advantage of Public.com is its support for research in Pink Sheets / OTCBB, a feature not provided by tastytrade. Meanwhile, neither platform offers screeners for trade ideas across stocks, ETFs, mutual funds, or bonds. These gaps underscore the focus on more conventional market research tools and suggest that while both platforms offer some valuable resources, users seeking advanced research capabilities might need to explore additional options.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Research - Stocks | Yes | Yes |
Screener - Stocks | No | No |
Research - ETFs | Yes | Yes |
Screener - ETFs | No | No |
Research - Mutual Funds | No | No |
Screener - Mutual Funds | No | No |
Research - Bonds | No | No |
Screener - Bonds | No | No |
Research |
When comparing the banking capabilities of online brokers tastytrade and Public.com, neither platform provides traditional banking services such as checking accounts, savings accounts, debit cards, or credit cards. Additionally, both tastytrade and Public.com do not offer CDs or mortgage loans, focusing instead on their core investment services without extending into comprehensive banking solutions. This side-by-side comparison highlights the absence of typical banking products at both tastytrade and Public.com, which may be a consideration for users seeking an all-in-one financial platform.
Feature |
tastytrade
|
Public.com
|
---|---|---|
Checking Accounts | No | No |
Savings Accounts | No | No |
Debit Cards | No | No |
Credit Cards | No | No |
Mortgage Loans | No | No |
CDs | No | No |
Dive deeper: Best Bank Brokerages of 2024
After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that tastytrade is better than Public.com. tastytrade finished with an overall score of 84.9%, while Public.com finished with a score of 72.9%.
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.
Both tastytrade and Public.com provide crypto trading options; however, tastytrade offers 4 coins for crypto trading, while Public.com provides a broader selection with 7 coins available for users.
Dive deeper: Best Crypto Trading Platforms of 2024
Tastytrade offers both traditional and Roth IRA accounts with no annual fees, though it charges a $60 closure fee, whereas Public.com does not provide IRA accounts or charge related fees.
Dive deeper: Best IRA Accounts of 2024
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0 of 5Overall Rating | tastytrade | Public.com | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Customer Service | N/A | ||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Public.com Review |
Broker Screenshots | tastytrade | Public.com | |
---|---|---|---|
Trading Platform & Tools Gallery (click to expand) | |||
Research Gallery (click to expand) | |||
Mobile Trading Apps Gallery (click to expand) | |||
Education Gallery (click to expand) |
Trading Fees | tastytrade | Public.com | |
---|---|---|---|
Minimum Deposit | $0.00 | $20.00 | |
Stock Trades | $0.00 | $0.00 | |
Penny Stock Fees (OTC) | N/A | $2.99 | |
Mutual Fund Trade Fee | N/A | n/a | |
Options (Per Contract) | $0.50 | $0.00 | |
Futures (Per Contract) | $1.25 | (Not offered) | |
Broker Assisted Trade Fee | $0 | n/a |
Margin Rates | tastytrade | Public.com | |
---|---|---|---|
Margin Rate Under $25,000 | 11% | Not offered | |
Margin Rate $25,000 to $49,999.99 | 10.5% | Not offered | |
Margin Rate $50,000 to $99,999.99 | 10% | Not offered | |
Margin Rate $100,000 to $249,999.99 | 9.5% | Not offered | |
Margin Rate $250,000 to $499,999.99 | 9% | Not offered | |
Margin Rate $500,000 to $999,999.99 | 8.5% | Not offered | |
Margin Rate Above $1,000,000 | 8% | Not offered |
Account Fees | tastytrade | Public.com | |
---|---|---|---|
IRA Annual Fee | $0.00 | ||
IRA Closure Fee | $60.00 | ||
Account Transfer Out (Partial) | $75.00 | $75.00 | |
Account Transfer Out (Full) | $75.00 | $75.00 | |
Options Exercise Fee | $5.00 | $0.00 | |
Options Assignment Fee | $5.00 | $0.00 |
Investment Options | tastytrade | Public.com | |
---|---|---|---|
Stock Trading | Yes | Yes | |
Margin Trading | Yes | No | |
Fractional Shares | Yes | Yes | |
OTC Stocks | No | Yes | |
Options Trading | Yes | Yes | |
Complex Options Max Legs | 4 | 0 | |
Futures Trading | Yes | No | |
Forex Trading | No | No | |
Crypto Trading | Yes | Yes | |
Crypto Trading - Total Coins | 4 | 7 | |
Mutual Funds (No Load) | 0 | 0 | |
Mutual Funds (Total) | 0 | 0 | |
Bonds (US Treasury) | No | Yes | |
Bonds (Corporate) | No | No | |
Bonds (Municipal) | No | No | |
Traditional IRAs | Yes | No | |
Roth IRAs | Yes | No | |
Advisor Services | No | No | |
International Countries (Stocks) | 0 | 0 |
Order Types | tastytrade | Public.com | |
---|---|---|---|
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 | No | No | |
Order Type - OCO | Yes | No | |
Order Type - OTO | Yes | No | |
Order Type - Broker Assisted | Yes | No |
Beginners | tastytrade | Public.com | |
---|---|---|---|
Education (Stocks) | Yes | Yes | |
Education (ETFs) | Yes | Yes | |
Education (Options) | Yes | Yes | |
Education (Mutual Funds) | No | No | |
Education (Bonds) | No | No | |
Education (Retirement) | No | Yes | |
Retirement Calculator | No | No | |
Investor Dictionary | Yes | Yes | |
Paper Trading | No | No | |
Videos | No | Yes | |
Webinars | Yes | Yes | |
Webinars (Archived) | Yes | Yes | |
Progress Tracking | No | No | |
Interactive Learning - Quizzes | No | No |
Stock Trading Apps | tastytrade | Public.com | |
---|---|---|---|
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 | No | |
Order Ticket RT Quotes | Yes | Yes | |
Order Ticket SRT Quotes | Yes | No |
Stock App Features | tastytrade | Public.com | |
---|---|---|---|
Market Movers (Top Gainers) | Yes | Yes | |
Stream Live TV | No | No | |
Videos on Demand | No | No | |
Stock Alerts | No | No | |
Option Chains Viewable | Yes | Yes | |
Watch List (Real-time) | Yes | Yes | |
Watch List (Streaming) | Yes | No | |
Watch Lists - Create & Manage | Yes | No | |
Watch Lists - Column Customization | Yes | Yes |
Stock App Charting | tastytrade | Public.com | |
---|---|---|---|
Charting - After-Hours | Yes | No | |
Charting - Can Turn Horizontally | Yes | No | |
Charting - Multiple Time Frames | Yes | Yes | |
Charting - Technical Studies | 0 | 0 | |
Charting - Study Customizations | No | No | |
Charting - Stock Comparisons | No | Yes |
Trading Platforms | tastytrade | Public.com | |
---|---|---|---|
Active Trading Platform | tastytrade | n/a | |
Desktop Trading Platform | Yes | No | |
Desktop Platform (Mac) | Yes | No | |
Web Trading Platform | Yes | Yes | |
Paper Trading | No | No | |
Trade Journal | No | No | |
Watch Lists - Total Fields | 33 | 3 |
Stock Chart Features | tastytrade | Public.com | |
---|---|---|---|
Charting - Adjust Trades on Chart | Yes | No | |
Charting - Indicators / Studies | 308 | 0 | |
Charting - Drawing Tools | 31 | 0 | |
Charting - Notes | Yes | No | |
Charting - Index Overlays | Yes | Yes | |
Charting - Historical Trades | Yes | No | |
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 | Yes | No | |
Trade Ideas - Technical Analysis | No | No | |
Charting - Study Customizations | 7 | 0 | |
Charting - Custom Studies | Yes | No |
Day Trading | tastytrade | Public.com | |
---|---|---|---|
Streaming Time & Sales | No | No | |
Streaming TV | Yes | No | |
Direct Market Routing - Stocks | No | No | |
Ladder Trading | Yes | No | |
Trade Hotkeys | No | No | |
Level 2 Quotes - Stocks | No | No | |
Trade Ideas - Backtesting | No | No | |
Trade Ideas - Backtesting Adv | No | No | |
Short Locator | Yes | No | |
Order Liquidity Rebates | No | No |
Research Overview | tastytrade | Public.com | |
---|---|---|---|
Research - Stocks | Yes | Yes | |
Research - ETFs | Yes | Yes | |
Research - Mutual Funds | No | No | |
Research - Pink Sheets / OTCBB | No | Yes | |
Research - Bonds | No | No | |
Screener - Stocks | No | No | |
Screener - ETFs | No | No | |
Screener - Mutual Funds | No | No | |
Screener - Bonds | No | No | |
Misc - Portfolio Allocation | Yes | No |
Stock Research | tastytrade | Public.com | |
---|---|---|---|
Stock Research - PDF Reports | 0 | 0 | |
Stock Research - Earnings | No | Yes | |
Stock Research - Insiders | No | No | |
Stock Research - Social | No | No | |
Stock Research - News | Yes | Yes | |
Stock Research - ESG | No | No | |
Stock Research - SEC Filings | No | No |
ETF Research | tastytrade | Public.com | |
---|---|---|---|
ETFs - Strategy Overview | No | Yes | |
ETF Fund Facts - Inception Date | No | Yes | |
ETF Fund Facts - Expense Ratio | No | Yes | |
ETF Fund Facts - Net Assets | No | Yes | |
ETF Fund Facts - Total Holdings | No | No | |
ETFs - Top 10 Holdings | No | No | |
ETFs - Sector Exposure | No | No | |
ETFs - Risk Analysis | Yes | No | |
ETFs - Ratings | No | No | |
ETFs - Morningstar StyleMap | No | No | |
ETFs - PDF Reports | No | No |
Mutual Fund Research | tastytrade | Public.com | |
---|---|---|---|
Mutual Funds - Strategy Overview | No | No | |
Mutual Funds - Performance Chart | No | No | |
Mutual Funds - Performance Analysis | No | No | |
Mutual Funds - Prospectus | No | No | |
Mutual Funds - 3rd Party Ratings | No | No | |
Mutual Funds - Fees Breakdown | No | No | |
Mutual Funds - Top 10 Holdings | No | No | |
Mutual Funds - Asset Allocation | No | No | |
Mutual Funds - Sector Allocation | No | No | |
Mutual Funds - Country Allocation | No | No | |
Mutual Funds - StyleMap | No | No |
Options Trading | tastytrade | Public.com | |
---|---|---|---|
Option Chains - Basic View | Yes | No | |
Option Chains - Strategy View | Yes | No | |
Option Chains - Streaming | Yes | No | |
Option Chains - Total Columns | 20 | 4 | |
Option Chains - Greeks | 5 | 5 | |
Option Chains - Quick Analysis | Yes | Yes | |
Option Analysis - P&L Charts | Yes | Yes | |
Option Probability Analysis | Yes | No | |
Option Probability Analysis Adv | Yes | No | |
Option Positions - Greeks | Yes | Yes | |
Option Positions - Greeks Streaming | Yes | No | |
Option Positions - Adv Analysis | Yes | No | |
Option Positions - Rolling | Yes | No | |
Option Positions - Grouping | Yes | No |
Banking | tastytrade | Public.com | |
---|---|---|---|
Bank (Member FDIC) | No | No | |
Checking Accounts | No | No | |
Savings Accounts | No | No | |
Credit Cards | No | No | |
Debit Cards | No | No | |
Mortgage Loans | No | No |
Customer Service | tastytrade | Public.com | |
---|---|---|---|
Phone Support (Prospect Customers) | Yes | No | |
Phone Support (Current Customers) | Yes | No | |
Email Support | Yes | Yes | |
Live Chat (Prospect Customers) | Yes | Yes | |
Live Chat (Current Customers) | Yes | Yes | |
24/7 Support | No | No |
Overall | tastytrade | Public.com | |
---|---|---|---|
Overall | |||
Commissions & Fees | |||
Investment Options | |||
Platforms & Tools | |||
Mobile Trading Apps | |||
Research | |||
Education | |||
Ease Of Use | |||
Winner | check_circle | ||
Review | tastytrade Review | Public.com Review |