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tastytrade vs TD Ameritrade 2024

StockBrokers.com

Written by StockBrokers.com

January 31, 2024

Is tastytrade better than TD Ameritrade? After testing 18 of the best online brokers, our analysis finds that tastytrade (84.9%) is better than TD Ameritrade (N/A). 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.

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Compare

0 of 5
Overall Rating tastytrade TD Ameritrade
Overall 4/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 5/5 Stars
Mobile Trading Apps 4.5/5 Stars 5/5 Stars
Research 2.5/5 Stars 5/5 Stars
Customer Service 4.0/5 Stars 4.5/5 Stars
Education 4/5 Stars 5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review tastytrade Review TD Ameritrade Review
Broker Screenshots tastytrade TD Ameritrade
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 TD Ameritrade
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A $6.95
Mutual Fund Trade Fee N/A info Varies
Options (Per Contract) $0.50 info $0.65
Futures (Per Contract) $1.25 $2.25
Broker Assisted Trade Fee $0 $25
Margin Rates tastytrade TD Ameritrade
Margin Rate Under $25,000 11% 14.75% info
Margin Rate $25,000 to $49,999.99 10.5% 14.25%
Margin Rate $50,000 to $99,999.99 10% 13.25%
Margin Rate $100,000 to $249,999.99 9.5% 13%
Margin Rate $250,000 to $499,999.99 9% 12.75%
Margin Rate $500,000 to $999,999.99 8.5% Varies info
Margin Rate Above $1,000,000 8% Varies info
Account Fees tastytrade TD Ameritrade
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $0.00
Account Transfer Out (Partial) info $75.00 $0.00
Account Transfer Out (Full) info $75.00 $75.00
Options Exercise Fee $5.00 $0.00
Options Assignment Fee $5.00 $0.00
Investment Options tastytrade TD Ameritrade
Stock Trading info Yes Yes
Margin Trading Yes Yes
Fractional Shares info Yes info No
OTC Stocks info No Yes
Options Trading info Yes Yes
Complex Options Max Legs info 4 4
Futures Trading info Yes Yes
Forex Trading info No Yes
Crypto Trading info Yes No
Crypto Trading - Total Coins info 8 0
Mutual Funds (No Load) info 0 3698
Mutual Funds (Total) info 0 5876
Bonds (US Treasury) info No info Yes
Bonds (Corporate) info No Yes
Bonds (Municipal) info No Yes
Traditional IRAs info Yes No
Roth IRAs info Yes No
Advisor Services info No Yes
International Countries (Stocks) info 0 0
Order Types tastytrade TD Ameritrade
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes Yes
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info No Yes
Order Type - OCO info Yes Yes
Order Type - OTO info Yes Yes
Order Type - Broker Assisted info Yes Yes
Beginners tastytrade TD Ameritrade
Education (Stocks) info Yes Yes
Education (ETFs) info Yes Yes
Education (Options) info Yes Yes
Education (Mutual Funds) info No Yes
Education (Bonds) info No Yes
Education (Retirement) info No Yes
Retirement Calculator info No Yes
Investor Dictionary info Yes Yes
Paper Trading info No Yes
Videos info No Yes
Webinars info Yes Yes
Webinars (Archived) info Yes Yes
Progress Tracking info No Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps tastytrade TD Ameritrade
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No Yes
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes Yes
Trading - Simple Options info Yes Yes
Trading - Complex Options info Yes Yes
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes Yes
Stock App Features tastytrade TD Ameritrade
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No Yes
Videos on Demand info No Yes
Stock Alerts info No Yes
Option Chains Viewable info Yes Yes
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes Yes
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes Yes
Watch Lists - Total Fields info 33 514
Stock App Charting tastytrade TD Ameritrade
Charting - After-Hours info Yes Yes
Charting - Can Turn Horizontally info Yes Yes
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 400
Charting - Study Customizations info No Yes
Charting - Stock Comparisons info No Yes
Trading Platforms tastytrade TD Ameritrade
Active Trading Platform info tastytrade thinkorswim
Desktop Trading Platform info Yes Yes
Desktop Platform (Mac) info Yes Yes
Web Trading Platform info Yes Yes
Paper Trading info No Yes
Trade Journal info No Yes
Watch Lists - Total Fields info 33 514
Stock Chart Features tastytrade TD Ameritrade
Charting - Adjust Trades on Chart info Yes Yes
Charting - Indicators / Studies info 308 429
Charting - Drawing Tools info 31 24
Charting - Notes info Yes Yes
Charting - Index Overlays info Yes Yes
Charting - Historical Trades info Yes Yes
Charting - Corporate Events info Yes Yes
Charting - Custom Date Range info No Yes
Charting - Custom Time Bars info No Yes
Charting - Automated Analysis info No Yes
Charting - Save Profiles info Yes Yes
Trade Ideas - Technical Analysis info No Yes
Charting - Study Customizations info 7 9
Charting - Custom Studies info Yes Yes
Day Trading tastytrade TD Ameritrade
Streaming Time & Sales info No Yes
Streaming TV info Yes Yes
Direct Market Routing - Stocks info No Yes
Ladder Trading info Yes Yes
Trade Hot Keys info No Yes
Level 2 Quotes - Stocks info No Yes
Trade Ideas - Backtesting info No Yes
Trade Ideas - Backtesting Adv info No Yes
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview tastytrade TD Ameritrade
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No Yes
Research - Pink Sheets / OTCBB info No Yes
Research - Bonds info No Yes
Screener - Stocks info No Yes
Screener - ETFs info No Yes
Screener - Mutual Funds info No Yes
Screener - Bonds info No Yes
Misc - Portfolio Allocation info Yes Yes
Stock Research tastytrade TD Ameritrade
Stock Research - PDF Reports info 0 6
Stock Research - Earnings info No Yes
Stock Research - Insiders info No Yes
Stock Research - Social info No Yes
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No Yes
ETF Research tastytrade TD Ameritrade
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No Yes
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No Yes
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No Yes
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No Yes
ETFs - PDF Reports info No Yes
Mutual Fund Research tastytrade TD Ameritrade
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No Yes
Mutual Funds - 3rd Party Ratings info No Yes
Mutual Funds - Fees Breakdown info No Yes
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No Yes
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No Yes
Options Trading tastytrade TD Ameritrade
Option Chains - Basic View info Yes Yes
Option Chains - Strategy View info Yes Yes
Option Chains - Streaming info Yes Yes
Option Chains - Total Columns info 20 35
Option Chains - Greeks info 5 5
Option Chains - Quick Analysis info Yes Yes
Option Analysis - P&L Charts info Yes Yes
Option Probability Analysis info Yes Yes
Option Probability Analysis Adv info Yes Yes
Option Positions - Greeks info Yes Yes
Option Positions - Greeks Streaming info Yes Yes
Option Positions - Adv Analysis info Yes Yes
Option Positions - Rolling info Yes Yes
Option Positions - Grouping info Yes Yes
Banking tastytrade TD Ameritrade
Bank (Member FDIC) info No No
Checking Accounts info No Yes
Savings Accounts info No No
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No No
Customer Service tastytrade TD Ameritrade
Phone Support (Prospect Customers) info Yes Yes
Phone Support (Current Customers) info Yes Yes
Email Support info Yes Yes
Live Chat (Prospect Customers) info Yes Yes
Live Chat (Current Customers) info Yes Yes
24/7 Support info No Yes
Overall tastytrade TD Ameritrade
Overall 4/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 5/5 Stars
Platforms & Tools 4.5/5 Stars 5/5 Stars
Mobile Trading Apps 4.5/5 Stars 5/5 Stars
Research 2.5/5 Stars 5/5 Stars
Education 4/5 Stars 5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review tastytrade Review TD Ameritrade Review
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tastytrade vs TD Ameritrade Comparison

Comparing brokers side by side is no easy task. We spend hundreds of hours each year testing the platforms, mobile apps, trading tools and general ease of use among online brokerages, as well as comparing commissions and fees, to find the best online broker.

Though many U.S. brokers offer basic trading features, such as an app, charting tools, stock research and educational content, the depth of those features can vary widely. Let's compare tastytrade vs TD Ameritrade.

Is tastytrade or TD Ameritrade better for beginners?

In stock trading, the more you know, the better you’ll do. Taking advantage of resources like articles, webinars, videos and interactive elements is a great way to shorten the learning curve. In our analysis, we examine the availability of several different types of educational materials.

For 2024, our review finds that tastytrade offers more comprehensive new investor education for beginning investors than TD Ameritrade. tastytrade offers investors access to Education (Stocks), Education (ETFs) and Education (Options), while TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement).

What about tastytrade vs TD Ameritrade pricing?

tastytrade and TD Ameritrade charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TD Ameritrade, costing $0.65 per contract versus $0.50 per contract at tastytrade. For futures, TD Ameritrade charges $2.25 per contract and tastytrade charges $1.25 per contract. For a deeper dive, see our best brokers for free stock trading guide.

Does tastytrade or TD Ameritrade offer a wider range of investment options?

Looking at a full range of investment options, including order types and international trading, our research has found that tastytrade offers a more comprehensive offering than TD Ameritrade. tastytrade ranks #11 out of 18 brokers for our Investment Options category, while TD Ameritrade ranks #N/A.

tastytrade offers investors access to Stock Trading, Fractional Shares, Options Trading and Futures Trading, while TD Ameritrade offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Futures Trading, Forex Trading and Advisor Services Looking at Mutual Funds, tastytrade trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and tastytrade offering 0.

Do tastytrade and TD Ameritrade offer cryptocurrency?

In our analysis of top U.S. brokerages, we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum. Though crypto has risen steadily in popularity, availability still varies from broker to broker. Our review finds that neither tastytrade and TD Ameritrade offer crypto trading.

Which trading platform is better: tastytrade or TD Ameritrade?

To compare the day trading platforms of tastytrade and TD Ameritrade, we focused on trading tools and functionality across both web and desktop-based platforms. Popular day trading platform tools include streaming real-time quotes, stock alerts, trading hotkeys, direct market routing, streaming time and sales, customizable watch lists, backtesting, and fully functional charting packages, among many others. For day trading, tastytrade offers a better experience.

Does tastytrade or TD Ameritrade offer a better stock trading app?

After testing 25 features across the stock trading apps of tastytrade and TD Ameritrade, we found tastytrade to be better overall. The best stock market apps are easy to use, have excellent design, and deliver a fully featured online trading experience. tastytrade ranks #10 out of 18 brokers, while TD Ameritrade ranks #N/A.

tastytrade Trading App Gallery

TD Ameritrade Trading App Gallery

Which broker is better for researching stocks?

For research, tastytrade offers superior market research than TD Ameritrade. tastytrade ranks #13 and TD Ameritrade ranks #N/A.

Over the years, we've found that the best brokers provide rich market commentary, a variety of third-party research reports, and thorough quote screens that are not just easy to navigate, but that also include a comprehensive selection of fundamental data. Robust stock, ETFs, and mutual fund screeners are also must-haves for trade idea generation.

How do tastytrade and TD Ameritrade compare in terms of minimum deposit required?

tastytrade requires a minimum deposit of $0.00, while TD Ameritrade requires a minimum deposit of $0.00. From our testing, we found that SoFi is the only broker that requires a minimum deposit.

Which broker offers better margin rates for accounts under $25,000?

tastytrade charges 11% for accounts under $25,000 while TD Ameritrade charges a margin rate of 14.75%. The industry average of the 18 brokers we track is 9%.

Does tastytrade offer fractional shares? Does TD Ameritrade?

Fractional shares are not offered by either broker. Our research has found that 39% of brokers offer fractional shares investing. Fractional shares allow traders to buy a part of a whole share of stock. For example, if Amazon is trading at $1,000, you could buy half a share for $500.

Can you trade penny stocks with tastytrade or TD Ameritrade?

Neither tastytrade nor TD Ameritrade allow you to trade penny stocks. Penny stocks are companies whose shares trade for under $5 and are listed over the counter (OTC). For brokers that do offer penny stock trades, the average commission is $3.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. neither of these are offered by tastytrade while TD Ameritrade offers Checking Accounts, Debit Cards and Credit Cards. Neither have Savings Accounts and Mortgage Loans.

Which broker offers stronger customer service?

StockBrokers.com partners with customer experience research group Confero to conduct phone tests from locations across the United States to thoroughly evaluate the quality and speed of brokerage customer service. (Read more about How We Test.) Here are the results of our current testing.

Tastytrade was rated 10th out of 13 brokers, with an overall score of 7.37 out of 10.

TD Ameritrade was rated 1st out of 14 brokers, with an overall score of 9.3 out of 10.

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.

In the 2024 StockBrokers.com Annual Awards, tastytrade placed No. 1 for Options Trading, Futures Trading, Desktop Options Trading Platform, and Desktop Futures Trading Platform. It placed among Best in Class for Commissions & Fees, Investor Community, and Day Trading.

Is TD Ameritrade good?

TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service, making it one of our top overall brokers in 2023. Note, however, that TD Ameritrade was acquired in 2020 by Charles Schwab and TD Ameritrade client accounts are currently being migrated in batches to Schwab, which has retained the standout thinkorswim platform.

In the 2023 StockBrokers.com Annual Review, TD Ameritrade was rated No. 1 for Platforms & Tools, Mobile Trading Apps, Ease of Use, Beginners, and Customer Service. It also ranked among Best in Class for Commissions & Fees, Research, Investment Options, Education, Active Trading and Overall. TD Ameritrade also won two StockBrokers.com Industry Awards: No. 1 for Phone Support and Trader App.

tastytrade vs TD Ameritrade Winner

Overall winner: tastytrade

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Disclosure: *The $4,000 bonus offer is available with a $500,000 to $999,999 deposit. Visit info.tastytrade.com/tasty-offer for full details, terms, conditions, and restrictions. Offer expires 03/31/2024. tastytrade, Inc. is a registered broker-dealer and member of FINRA, NFA, and SIPC.

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