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tastytrade
eTorotastytrade Review
Written by Jessica Inskip
Edited by Jeff Anberg
Reviewed by Blain Reinkensmeyer
Jessica InskipJessica Inskip is Director of Investor Research at StockBrokers.com, bringing 15 years of experience in brokerage and trading strategy. Jessica focuses on investor education and brokerage industry research.
tastytrade’s platform is an options trader's dream, crafted with a clear focus on active trading. This platform stands out with features that make even the most complex trades feel straightforward. From the customizability of the layout to the tax resources, every detail feels designed by traders who know what advanced traders need. It’s not just a trading platform; it’s a workspace that offers data-driven insights and a seamless workflow.
-
Minimum Deposit:
$0.00 -
Stock Trades:
$0.00 -
Options (Per Contract):
$0.50
| Range of Investments | |
| Mobile Trading Apps | |
| Platforms & Tools | |
| Research | |
| Education | |
| Ease of Use | |
| Customer Service |
Check out StockBrokers.com's picks for the best stock brokers in 2025.
| #1 Options Trading | Winner |
| #1 Futures Trading | Winner |
| #1 Innovation | Winner |
| #1 Options Trading Platform | Winner |
| #1 Futures Trading Platform | Winner |
| 2025 | #10 |
| 2024 | #7 |
| 2023 | #12 |
Table of Contents
Pros & cons
Pros
- Single-screen layout works great and is highly flexible.
- Packed with features for active, options-driven trading.
- Low-cost options and crypto with powerful screeners.
Cons
- Unconventional layout has a steep learning curve.
- No traditional PDF research or deep reports.
- Geared toward pros; not ideal for beginners.
Here are my three top takeaways for tastytrade for 2025:
- tastytrade’s options-focused platform delivers efficient workflows, customizable portfolio tracking, and unique analysis tools for a seamless trading experience.
- The pricing structure for options and crypto is ideal for active, larger-volume traders.
- tastytrade’s supportive community, along with tastylive’s real-time market insights, makes it more than just a platform — it’s a hub for serious options traders.
Range of investments
tastytrade is built by traders, for traders, with a strong focus on the needs of options and active market participants. The platform supports a range of investments geared towards the active trader, including listed stocks, ETFs, options, cryptocurrencies, futures, and options on futures. While traditional investment products like CDs or mutual funds aren’t available, secondary Treasurys are now tradeable directly online.
Options trading: Options are at the heart of tastytrade’s platform. With tools like customizable options chains, advanced multileg strategy builders, and integrated metrics such as probability of profit (POP) and net Greeks, the platform supports traders at every level. Features like backtesting historical scenarios help users refine strategies and gain confidence before executing trades.
Futures trading: tastytrade integrates futures trading seamlessly with its platform, offering support for a variety of contracts, including micros. This integration allows traders to manage risk, hedge portfolios, and diversify their strategies with ease.
Cryptocurrency: tastytrade’s cryptocurrency offerings have expanded significantly thanks to its partnership with Zero Hash. You can currently trade seventeen different cryptocurrencies, including mainstays like Bitcoin, Ethereum, Solana, Ripple, and Litecoin as well as a few "meme" coins like Dogecoin and Shiba Inu. The platform's crypto pricing is competitive, and withdrawals to external wallets are supported. For international clients who sometimes face funding challenges, crypto has become a key alternative, with deposits possible from any external wallet and transaction confirmations within about 15 minutes.
Looking to trade forex?
Check out tastytrade's sister brand, tastyfx, owned by IG and catering to US-based forex traders. To learn more, head over to our sister site, ForexBrokers.com, and read the in-depth tastyfx review.
| Feature |
 tastytrade
|
|---|---|
| Stock Trading | Yes |
| Margin Trading | Yes |
| Fractional Shares | Yes |
| OTC Stocks | No |
| Options Trading | Yes |
| Complex Options Max Legs | 4 |
| Bonds (US Treasury) | No |
| Futures Trading | Yes |
| Forex Trading | No |
| Mutual Funds (Total) | 0 |
| Crypto Trading | Yes |
| Crypto Trading - Total Coins | 17 |
| Traditional IRAs | Yes |
| Roth IRAs | Yes |
| Advisor Services | No |
tastytrade fees
tastytrade’s pricing is built with active traders in mind, offering transparency and efficiency. A standout feature is the absence of fees to close options trades, allowing traders to take risk off the table without cutting into profits — a crucial advantage for options strategies.
Overall, the pricing is competitive, especially for options and crypto traders:
- Stocks & ETFs: Trade commission-free.
- Options: $1 per contract to open, with a $10 max per leg and $0 to close. This structure offers cost advantages over competitors like Charles Schwab and Fidelity.
- Futures: $1.00 per contract to open and $1.00 per contract to close. $0.75 for micros (charged both ways, no max). Support for smalls has been discontinued.
- Options on futures: $1.25 to open and to close per contract for standard options, $0.75 for micros (charged both ways, no max).
- Cryptocurrency: Now commission-free. tastytrade and its liquidity provider earn from bid/ask spreads, with a 35 basis point markup on the raw price feed.
Penny stocks aren’t supported on tastytrade.
| Feature |
tastytrade
|
|---|---|
| Minimum Deposit | $0.00 |
| Stock Trades | $0.00 |
| Penny Stock Fees (OTC) | N/A |
| ETF Trade Fee | $0.00 |
| Options (Per Contract) | $0.50 |
| Options Exercise Fee | $5.00 |
| Options Assignment Fee | $5.00 |
| Futures (Per Contract) | $1.00 |
| Mutual Fund Trade Fee | N/A |
| Broker Assisted Trade Fee | $0 |
Mobile trading apps
In my experience, condensing the right information for an options trader into a single app is no easy task — but tastytrade has set the industry standard here. Their mobile app brings the essentials of the platform to a smaller screen, making it an ideal “pocket trading app” for options traders on the go. It effectively balances functionality with customization, allowing users to track earnings, movers, dividends, and market news — all in sync with the desktop platform.
Ease of use: The app is fast and user-friendly, though new users may face a learning curve — just like with anything new. Once you get over it, navigating becomes second nature and puts you ahead of the curve, with even complex options trades easy to execute.
Stock and options trade tickets: As an avid options trader, I typically avoid trading on mobile — but tastytrade’s trade ticket has resolved those frustrations. It’s built for quick adjustments, with easy toggling between options chains and a probability curve. Multileg options orders are simple to construct, though Greek values aren’t shown directly on the chain, only netted when building the trade.
Jessica's take
"tastytrade has a keen ability to condense a lot of information into a very small screen. This is the quintessential pocket trading app for the options trader. I also love that I can toggle between the options chain and a probability curve when constructing an options trade."
Monitoring the market: Users can view upcoming earnings, market news, and SPY performance, though there’s no visibility for broader economic events.
Watchlist & quotes: The watchlist syncs across devices, streaming all options-specific data points in real-time. Quotes offer comprehensive information, with incredibly unique features like SPY correlation (editable to other symbols) and IV rank tailored for options traders.
Education and insights: Integrated with tastylive, the app delivers live market insights and educational content geared toward active traders, including analysis of current events and their impacts on options.
While charting lacks desktop-level tools, tastytrade’s mobile app offers a solid balance between functionality and ease of access for the options-focused trader.
Tastytrade’s mobile app gives active options traders what they need to get trades done fast. This SPY chain shows a bull call spread being built directly from the chain with no pop-ups or extra screens. Key data like the Greeks and bid-ask spreads are right there. The design isn’t flashy, but the tools are practical and efficient for traders who know what they’re doing.
| Feature |
tastytrade
|
|---|---|
| iPhone App | Yes |
| Android App | Yes |
| Apple Watch App | No |
| Stock Alerts | No |
| Charting - After-Hours | Yes |
| Charting - Technical Studies | 0 |
| Charting - Study Customizations | No |
| Watch List (Streaming) | Yes |
| Watch Lists - Create & Manage | Yes |
| Watch Lists - Column Customization | Yes |
Trading platforms
While some brokers offer a wider variety of instruments, tastytrade sets the bar for its niche, focusing heavily on the needs of options traders. It combines a streamlined workflow with an intuitive, single-screen interface.
tastytrade overview: Both the desktop and browser-based platforms provide an efficient experience for tracking and managing trades. The platform’s activity tracker allows easy viewing of working, filled, or canceled orders — a practical feature for day traders. However, the landing page lacks some data-rich views, like sector heat maps, that were previously available.
Tastytrade’s desktop platform is built for options traders who want control. This AAPL bull call spread is built directly from the chain, keeping everything in one view. You get access to the Greeks, probabilities, and key trade metrics without leaving the screen. The platform focuses on speed and function, not design extras, which works well if you trade often.
Positions page: tastytrade’s positions page is well-suited for options traders, with features that include a customizable delta section, enabling users to assess their entire portfolio's net delta for more effective hedging. This level of customization, focused on options-specific data, supports advanced portfolio management tailored to options strategies.
Tax resources: tastytrade’s tax center is exceptional, offering a comprehensive tax guide and a distribution calendar for form deadlines, both invaluable for active traders. Additionally, the tax learning center covers 1256 contracts and wash sales extensively, setting a high standard for options-focused tax support.
Charting: Desktop charts are crisp and customizable, with hundreds of technical studies and 19 drawing tools to meet the needs of technical traders. While the browser platform’s charts are less detailed, they provide solid functionality for on-the-go trading.
Backtesting - an innovative options-focused tool: A recently added options backtesting tool allows users to simulate trades across various historical scenarios (e.g., the 2024 volatility spike, the 2020 pandemic sell-off) on 43 symbols, soon expanding to 200. This feature, a game-changer for options traders, delivers results quickly and compares outcomes against a simple buy-and-hold strategy.
tastytrade’s focused, trader-centric design may not appeal to everyone, but for the active options trader, it combines the tools and data needed for efficient, advanced trading.
| Feature |
tastytrade
|
|---|---|
| Active Trading Platform | tastytrade |
| Desktop Trading Platform | Yes |
| Desktop Platform (Mac) | Yes |
| Web Trading Platform | Yes |
| Paper Trading | No |
| Trade Journal | No |
| Watch Lists - Total Fields | 33 |
| Charting - Indicators / Studies | 308 |
| Charting - Drawing Tools | 31 |
| Charting - Study Customizations | 7 |
| Charting - Save Profiles | Yes |
| Trade Ideas - Technical Analysis | No |
| Streaming Time & Sales | No |
| Trade Ideas - Backtesting | No |
Research
tastytrade’s research tools are clearly built for the options trader, offering a range of data and metrics that support hedging, correlation analysis, and strategy building. While traditional stock and fund data are more limited, the platform’s focus on options makes it a powerful resource for active options traders.
Tastytrade’s backtesting tool is built for options strategies. In this view, a SPY put credit spread is tested at 45 days to expiration with VIX filters. It’s fast, clear, and focused on the inputs that matter most, like volatility and time to expiration. You can quickly test trade ideas and see how they might have played out under different market conditions.
Stock information: tastytrade’s stock quotes are tailored to options traders, with correlation data for beta-weighting and effective hedging. Basic financial ratios and forecasts are included, along with analyst consensus and price targets, though detailed reports aren’t available for further analysis.
Fund information: The platform’s fund data is minimal, reusing the same quote screen as stocks and omitting details like expense ratios and top holdings. This may be limiting for traders who rely on deeper fund insights.
Fixed income information: Not available, although secondary trading of Treasury bills is supported. T-bills, as collateral for short puts, offer useful flexibility for options traders.
Stock screening: Screening tools are available through the watchlist feature, which serves as a starting point and allows for some filtering. However, the tools are basic and feel oriented toward options trading; they may not meet the needs of those focused on stock picking.
Options information: tastytrade’s options chain is exceptionally user-friendly, providing standard deviation metrics, netted Greeks, probability of profit (POP), and insights into buying power effect — all critical for options traders. While comprehensive, additional tools to analyze the impact of implied volatility or to compare different strikes would further enhance its functionality.
Options screening: Options screening is a highlight, with built-in filters that offer starting points and SPY correlation along with IV index integration. This feature is a major plus for options traders, providing a robust way to identify opportunities based on volatility and market conditions.
Macro research: tastytrade’s macro research is limited to news and tastytrade Live content, lacking an economic calendar or additional market insights. While useful, more in-depth macro resources would improve the ability to stay on top of broader market trends.
Opinion research: tastytrade's affiliate tastylive, a separate financial news and commentary network, provides a range of opinion-based research, especially for options, with commentary on emerging macroeconomic trends. This helps active traders gauge market sentiment, though coverage is skewed towards options and active trading.
| Feature |
tastytrade
|
|---|---|
| Research - Stocks | Yes |
| Stock Research - ESG | No |
| Stock Research - PDF Reports | 0 |
| Screener - Stocks | No |
| Research - ETFs | Yes |
| Screener - ETFs | No |
| Research - Mutual Funds | No |
| Screener - Mutual Funds | No |
| Research - Pink Sheets / OTCBB | No |
| Research - Bonds | No |
Education
The roots of tastytrade's strong education offering began with a financial news show about options, led by tastylive's CEO, Tom Sosnoff. Often regarded as the original financial influencer, Sosnoff brought education to life long before TikTok and Discord existed. Streaming his trades live, he built a dedicated following of active traders seeking real-time insights and practical education. Back in my active trading desk days, I always had tastylive on alongside CNBC.
Live content and webinars: Through its affiliation with tastylive, tastytrade offers access to non-stop streaming TV, live events, and webinars. This constant flow of real-time insights and strategy discussions provides traders with the tools to stay informed and proactive.
Stocks and funds education: tastytrade covers the basics of stocks, ETFs, and other securities, explaining how they work while guiding users through the platform. The focus stays high-level, reflecting the platform’s orientation toward experienced traders who are looking for quick, actionable insights rather than deep dives.
Options education: This is where tastytrade truly excels. With content ranging from beginner guides to advanced options strategies, the depth and quality set the industry standard. The options section includes shows, blogs, and tools that cater specifically to serious options traders.
Tastytrade’s education section is focused on options and goes deep. The courses start with the basics and move into more advanced strategies, with a focus on how things work in real trading. It’s organized well and easy to follow, whether you’re new to options or just want a quick refresher. The content is practical and straight to the point.
Fixed income and macro education: Fixed income coverage is basic, with some content on Treasurys that requires searching to find. Macro education is limited to blog posts — helpful but lacking dedicated resources for a deeper dive into topics like yield curves.
Courses and contextual tools: Options and futures courses are solid, blending theory with practical examples. An included chatbot helps with platform-specific questions, filling in the gaps for quick, contextual learning.
Community: While tastytrade doesn’t have an integrated commentary feature, its influence has fostered a vibrant community that thrives across the web. From Facebook groups to Reddit and Discord, there are dedicated spaces for discussing "tasty" options trading strategies — created and run by the community itself.
| Feature |
tastytrade
|
|---|---|
| Education (Stocks) | Yes |
| Education (ETFs) | Yes |
| Education (Options) | Yes |
| Education (Mutual Funds) | No |
| Education (Bonds) | No |
| Education (Retirement) | No |
| Paper Trading | No |
| Videos | No |
| Webinars | Yes |
| Webinars (Archived) | Yes |
| Progress Tracking | Yes |
| Interactive Learning - Quizzes | No |
Customer service
To score Customer Service, StockBrokers.com partners with customer experience research firm Confero to conduct phone tests from locations throughout the United States. For this year's testing, 130 customer service tests were conducted over six weeks, with wait times logged for each call.
Customer service representatives were asked for assistance or details for prospective customers in several areas of broker services, including account opening, trading tools, apps, rollovers, active trading, and more. Here are the results for tastytrade.
- Average Connection Time: 4 minutes
- Average Net Promoter Score: 8.4 / 10
- Average Professionalism Score: 7.1 / 10
- Overall Score: 7.59 / 10
- Ranking: 8th of 13 brokers
Banking services
tastytrade is a brokerage firm focused on active trading, particularly in options and futures. It does not offer traditional banking services such as checking or savings accounts.
| Feature |
tastytrade
|
|---|---|
| Bank (Member FDIC) | No |
| Checking Accounts | No |
| Savings Accounts | No |
| Credit Cards | No |
| Debit Cards | No |
| Mortgage Loans | No |
Final thoughts
tastytrade is a must-have for options traders. With tools and resources specifically designed for active trading, it offers options-tailored portfolio tools, advanced analysis, and strategy guides. tastytrade goes beyond being just a trading platform through its access to tastylive, an engaged community, and educational resources that keep traders informed and confident.
tastytrade Star Ratings
| Feature |
tastytrade
|
|---|---|
| Overall |
|
| Range of Investments |
|
| Mobile Trading Apps |
|
| Platforms & Tools |
|
| Research |
|
| Customer Service |
|
| Education |
|
| Ease of Use |
|
tastytrade 2025 Results
For the StockBrokers.com 2025 Annual Awards, announced on Jan. 28, 2025, all U.S. equity brokers we reviewed were assessed on over 200 different variables across seven areas: Range of Investments, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall.
StockBrokers.com also presented “Best in Class” awards to brokers in the following additional categories: Active Traders, Bank Brokerage, Beginners, Casual Investors, Customer Service, Futures Trading, High Net Worth Investors, Investor Community, Options Trading, Passive Investors, Retirement Accounts. A “Best in Class” designation means finishing in the top five brokers for that category.
For more information, see how we test.
Category awards
| Rank #1 | Streak #1 | Best in Class | Best in Class Streak | |
| Futures Trading | 2 | 3 | ||
| Investor Community | 3 | |||
| Options Trading | 3 | 3 |
Industry awards
| Rank #1 | Streak | |
| #1 Futures Trading Platform | 2 | |
| #1 Innovation | 1 | |
| #1 Options Trading Platform | 2 |
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About tastytrade
tastytrade is a U.S.-based brokerage firm specializing in options trading, catering primarily to active traders. Established in 2011 and headquartered in Chicago, Illinois, the company was formerly known as tastyworks until it rebranded in 2023. tastytrade is renowned for its user-friendly platform, competitive pricing, and focus on options and futures trading. tastytrade and tastylive were acquired in 2021 by London-based fintech firm IG Group (OTC: IGGHY), which had a market capitalization of approximately £3.19 billion as of November 2024.
About the Editorial Team
Jessica Inskip is Director of Investor Research at StockBrokers.com, bringing 15 years of experience in brokerage and trading strategy. A former FINRA-licensed rep, she held Series 7, 63, 66, and 4 licenses. Jessica focuses on investor education and brokerage industry research, appears regularly on CNBC, Fox Business, and Bloomberg, and hosts the Market MakeHer podcast.
Jeff Anberg is a Senior Editor at StockBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.