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tastytrade vs Vanguard 2023

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Written by StockBrokers.com

April 11, 2023

Is tastytrade better than Vanguard? After testing 17 of the best online brokers over three months, tastytrade (81.30%) is better than Vanguard (71.94%). 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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Overall RatingtastytradeVanguard
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 2/5 Stars
Research 2/5 Stars 2.5/5 Stars
Customer Service 4.0/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review tastytrade Review Vanguard Review
Trading FeestastytradeVanguard
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) N/A $0.00
Mutual Fund Trade Fee N/A Varies
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.50 info $1.00
Futures (Per Contract) $1.25 N/A
Broker Assisted Trade Fee $0 $25
Margin RatestastytradeVanguard
Margin Rate Under $25,000 11.00% 13.25% info
Margin Rate $25,000 to $49,999.99 10.50% 12.75%
Margin Rate $50,000 to $99,999.99 10.00% 12.25%
Margin Rate $100,000 to $249,999.99 9.50% 11.75%
Margin Rate $250,000 to $499,999.99 9.00% 11.25%
Margin Rate $500,000 to $999,999.99 8.50% 10.00%
Margin Rate Above $1,000,000 8.00% Varies info
Account FeestastytradeVanguard
IRA Annual Fee $0.00 $20.00
IRA Closure Fee $60.00 $0.00
Account Transfer Out (Partial) $75.00 $0.00
Account Transfer Out (Full) $75.00 $0.00
Options Exercise Fee $5.00 $0.00
Options Assignment Fee $5.00 $0.00
Investment OptionstastytradeVanguard
Stock Trading Yes Yes
Margin Trading Yes Yes
Fractional Shares Yes No
OTC Stocks No Yes
Options Trading Yes Yes
Complex Options Max Legs 4 4
Futures Trading Yes No
Forex Trading No No
Crypto Trading Yes No
Crypto Trading - Total Coins 25 0
Mutual Funds (No Load) 0 N/A
Mutual Funds (Total) 0 N/A
Bonds (US Treasury) No Yes
Bonds (Corporate) No Yes
Bonds (Municipal) No Yes
Advisor Services No Yes
International Countries (Stocks) 0 0
Order TypestastytradeVanguard
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 Yes
BeginnerstastytradeVanguard
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes No
Education (Mutual Funds) No No
Education (Bonds) No No
Education (Retirement) No Yes
Retirement Calculator No Yes
Investor Dictionary Yes No
Paper Trading No No
Videos No Yes
Webinars Yes No
Webinars (Archived) Yes No
Progress Tracking No No
Interactive Learning - Quizzes No No
Stock Trading AppstastytradeVanguard
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App No No
Trading - Stocks Yes Yes
Trading - After-Hours Yes No
Trading - Simple Options Yes No
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes No
SB Gallery - Mobile Apps
Stock App FeaturestastytradeVanguard
Market Movers (Top Gainers) Yes No
Stream Live TV No No
Videos on Demand No No
Stock Alerts No No
Option Chains Viewable Yes No
Watch List (Real-time) Yes No
Watch List (Streaming) Yes No
Watch Lists - Create & Manage Yes No
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 33 9
Stock App ChartingtastytradeVanguard
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames No Yes
Charting - Technical Studies 0 0
Charting - Study Customizations No No
Charting - Stock Comparisons No No
Trading PlatformstastytradeVanguard
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 9
Stock Chart FeaturestastytradeVanguard
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 308 9
Charting - Drawing Tools 19 0
Charting - Notes Yes No
Charting - Index Overlays No Yes
Charting - Historical Trades Yes No
Charting - Corporate Events No Yes
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 1
Charting - Custom Studies No No
Day TradingtastytradeVanguard
Streaming Time & Sales No No
Streaming TV Yes No
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 Yes No
Order Liquidity Rebates No No
Research OverviewtastytradeVanguard
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds No Yes
Research - Pink Sheets / OTCBB No Yes
Research - Bonds No Yes
Screener - Stocks No Yes
Screener - ETFs No Yes
Screener - Mutual Funds No Yes
Screener - Bonds No Yes
Misc - Portfolio Allocation No Yes
Stock ResearchtastytradeVanguard
Stock Research - PDF Reports 0 2
Stock Research - Earnings No Yes
Stock Research - Insiders No No
Stock Research - Social No No
Stock Research - News No Yes
Stock Research - ESG No No
Stock Research - SEC Filings No No
ETF ResearchtastytradeVanguard
ETFs - Strategy Overview No No
ETF Fund Facts - Inception Date No No
ETF Fund Facts - Expense Ratio No No
ETF Fund Facts - Net Assets No No
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 ResearchtastytradeVanguard
Mutual Funds - Strategy Overview No Yes
Mutual Funds - Performance Chart No Yes
Mutual Funds - Performance Analysis No Yes
Mutual Funds - Prospectus No Yes
Mutual Funds - 3rd Party Ratings No No
Mutual Funds - Fees Breakdown No Yes
Mutual Funds - Top 10 Holdings No Yes
Mutual Funds - Asset Allocation No No
Mutual Funds - Sector Allocation No Yes
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap No Yes
Options TradingtastytradeVanguard
Option Chains - Basic View Yes Yes
Option Chains - Strategy View No No
Option Chains - Streaming Yes No
Option Chains - Total Columns 7 9
Option Chains - Greeks 5 0
Option Chains - Quick Analysis Yes No
Option Analysis - P&L Charts Yes No
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingtastytradeVanguard
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 ServicetastytradeVanguard
Phone Support (Prospect Customers) Yes Yes
Phone Support (Current Customers) Yes Yes
Email Support Yes Yes
Live Chat (Prospect Customers) Yes No
Live Chat (Current Customers) Yes No
24/7 Support No No
OveralltastytradeVanguard
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4/5 Stars 2/5 Stars
Research 2/5 Stars 2.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Ease Of Use 4.5/5 Stars 5/5 Stars
Winner check_circle
Review tastytrade Review Vanguard Review
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tastytrade vs Vanguard 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 tastytrade vs Vanguard.

Is tastytrade or Vanguard better for beginners?

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

What about tastytrade vs Vanguard pricing?

tastytrade and Vanguard charge the same amount for regular stock trades, $0.00. Option contracts are pricier at Vanguard, costing $1.00 per contract versus $0.50 per contract at tastytrade. For a complete commissions summary, see our best brokers for free stock trading guide.

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

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

Which trading platform is better: tastytrade or Vanguard?

To compare the trading platforms of tastytrade and Vanguard, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, tastytrade offers a better experience. With research, Vanguard offers superior market research. Finally, we found tastytrade 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. Neither tastytrade nor Vanguard offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans. Neither have Mortgage Loans.

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.

Is Vanguard good?

Vanguard is aimed squarely at buy-and-hold investors, and its platform reflects that focus. Vanguard is known for its low-cost funds, and the investment platform is really built for those looking to invest solely in mutual funds and ETFs.

tastytrade vs Vanguard Winner

Overall winner: tastytrade

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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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