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Robinhood vs tastytrade 2023

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Written by StockBrokers.com

February 23, 2023

Is Robinhood better than tastytrade? After testing 17 of the best online brokers over three months, Robinhood (83.65%) is better than tastytrade (81.30%). Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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Overall RatingRobinhoodtastytrade
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4/5 Stars
Platforms & Tools 3/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2/5 Stars
Customer Service N/A 4.0/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review tastytrade Review
Trading FeesRobinhoodtastytrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) N/A N/A
Mutual Fund Trade Fee N/A 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 N/A $0
Margin RatesRobinhoodtastytrade
Margin Rate Under $25,000 11.25% info 11.00%
Margin Rate $25,000 to $49,999.99 11.25% info 10.50%
Margin Rate $50,000 to $99,999.99 11.25% info 10.00%
Margin Rate $100,000 to $249,999.99 11.25% info 9.50%
Margin Rate $250,000 to $499,999.99 11.25% info 9.00%
Margin Rate $500,000 to $999,999.99 11.25% info 8.50%
Margin Rate Above $1,000,000 11.25% info 8.00%
Account FeesRobinhoodtastytrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $0.00 $60.00
Account Transfer Out (Partial) $100.00 $75.00
Account Transfer Out (Full) $100.00 $75.00
Options Exercise Fee $0.00 $5.00
Options Assignment Fee $0.00 $5.00
Investment OptionsRobinhoodtastytrade
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes 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 17 25
Mutual Funds (No Load) 0 0
Mutual Funds (Total) 0 0
Bonds (US Treasury) No No
Bonds (Corporate) No No
Bonds (Municipal) No No
Advisor Services No No
International Countries (Stocks) 0 0
Order TypesRobinhoodtastytrade
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 No Yes
Order Type - OTO No Yes
Order Type - Broker Assisted No Yes
BeginnersRobinhoodtastytrade
Education (Stocks) Yes Yes
Education (ETFs) No Yes
Education (Options) Yes Yes
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No No
Retirement Calculator No No
Investor Dictionary Yes Yes
Paper Trading No No
Videos No No
Webinars No Yes
Webinars (Archived) No Yes
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppsRobinhoodtastytrade
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes 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
Stock App FeaturesRobinhoodtastytrade
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) No Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes Yes
Watch Lists - Total Fields 3 33
Stock App ChartingRobinhoodtastytrade
Charting - After-Hours Yes Yes
Charting - Can Turn Horizontally No Yes
Charting - Multiple Time Frames Yes No
Charting - Technical Studies 6 0
Charting - Study Customizations Yes No
Charting - Stock Comparisons No No
Trading PlatformsRobinhoodtastytrade
Active Trading Platform 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 3 33
Stock Chart FeaturesRobinhoodtastytrade
Charting - Adjust Trades on Chart No Yes
Charting - Indicators / Studies 6 308
Charting - Drawing Tools 0 19
Charting - Notes No Yes
Charting - Index Overlays No No
Charting - Historical Trades No Yes
Charting - Corporate Events No 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 1 7
Charting - Custom Studies No No
Day TradingRobinhoodtastytrade
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 OverviewRobinhoodtastytrade
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No No
Research - Pink Sheets / OTCBB Yes No
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 ResearchRobinhoodtastytrade
Stock Research - PDF Reports 0 0
Stock Research - Earnings Yes No
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News Yes No
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF ResearchRobinhoodtastytrade
ETFs - Strategy Overview Yes No
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets No No
ETF Fund Facts - Total Holdings Yes No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis No Yes
ETFs - Ratings No No
ETFs - Morningstar StyleMap No No
ETFs - PDF Reports No No
Mutual Fund ResearchRobinhoodtastytrade
Mutual Funds - Strategy Overview No No
Mutual Funds - Performance Chart No No info
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 TradingRobinhoodtastytrade
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes Yes
Option Chains - Total Columns 17 7
Option Chains - Greeks 5 5
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes Yes
Option Probability Analysis No Yes
Option Probability Analysis Adv No Yes
Option Positions - Greeks Yes Yes
Option Positions - Greeks Streaming Yes Yes
Option Positions - Adv Analysis No Yes
Option Positions - Rolling Yes Yes
Option Positions - Grouping Yes Yes
BankingRobinhoodtastytrade
Bank (Member FDIC) No No
Checking Accounts No No
Savings Accounts No No
Credit Cards No No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceRobinhoodtastytrade
Phone Support (Prospect Customers) No Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) No Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallRobinhoodtastytrade
Overall 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 3.5/5 Stars 4/5 Stars
Platforms & Tools 3/5 Stars 4.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 4/5 Stars
Research 2.5/5 Stars 2/5 Stars
Education 3.5/5 Stars 4.5/5 Stars
Ease Of Use 5/5 Stars 4.5/5 Stars
Winner check_circle
Review Robinhood Review tastytrade Review
  • 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

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Robinhood 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 Robinhood vs tastytrade.

Is Robinhood or tastytrade better for beginners?

tastytrade offers more comprehensive new investor education for beginner investors than Robinhood. Robinhood offers investors access to Education (Stocks) and Education (Options), while tastytrade offers investors access to Education (Stocks), Education (ETFs) and Education (Options). Neither have Paper Trading, Videos, Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about Robinhood vs tastytrade pricing?

Robinhood 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 Robinhood. For a complete commissions summary, see our best brokers for free stock trading guide.

Does Robinhood or tastytrade offer a wider range of investment options?

Robinhood offers investors access to Stock Trading, Fractional Shares, Options Trading and OTC Stocks, while tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading. Neither have Mutual Funds, Forex Trading and Advisor Services. Looking at Mutual Funds, Robinhood and tastytrade both provide customers access to 0 no transaction fee (NTF) mutual funds.

Which trading platform is better: Robinhood or tastytrade?

To compare the trading platforms of Robinhood and tastytrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, Robinhood offers superior market research. Finally, we found Robinhood 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. Debit Cards are offered by Robinhood while tastytrade offers none. Neither have Checking Accounts, Savings Accounts, Credit Cards and Mortgage Loans.

Is Robinhood good?

Robinhood is very easy to use and its educational content is a joy to read. But, in today’s competitive market for your investing dollars, there are several more compelling options among brokerages.

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.

Robinhood vs tastytrade Winner

Overall winner: Robinhood

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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.

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