Firstrade vs Tastyworks

Firstrade vs tastytrade Comparison Table 2023
Firstrade Review 2023	tastytrade Review 2023
Review 4 Firstrade is #24 in our broker rankings.	Review 3 tastytrade is #38 in our broker rankings.
Traders from US accepted	Traders from US accepted
Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage. It is also quick and easy to open a new account.	tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.
Bonus Offer
Deposit Bonus Up To $4000
Promotions
Get $200 In Transfer Fee Rebates When You Switch To Firstrade
Comment by Reviewer
"We recommend Firstrade for beginner investors looking to trade US stocks with no commissions. There is a wealth of free education plus premium-quality research and trading ideas from Morningstar, Briefing.com, Zacks and Benzinga."	"tastytrade is a good choice for investors looking for low-cost, multi-asset trading opportunities. Experienced traders in particular will appreciate the comprehensive analysis tools and advanced trading technology."
Pros
SIPC member Low OTC fees Crypto trading Premarket trading Accepts US traders No minimum deposit Commission-free investing Regulated by SEC and FINRA Multiple customer support options Access to education, research, and tools Stop limit and trailing stop orders supported Mobile app with advanced features and analysis	Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5 Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients
Cons
No copy trading Some withdrawal fees No 24/7 customer support No forex or futures trading No demo/paper trading account Visa Credit/debit card deposits and withdrawals not accepted	Less suitable for beginners with no demo account and basic educational resources Narrow range of instruments with no forex trading No credit/debit card payments USD base currency only No 529 plan
Awards
Best for ETF & Active Investor Commission & Fees - 2019
Instruments
Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed	Stocks, Futures, Options, Crypto, ETFs
Demo Account
No	No
Minimum Deposit
$0	$0
Trading Platforms
Own	Own
Payment Methods
ACH Transfer Automated Customer Account Transfer Service Cheque Wire Transfer	ACH Transfer Automated Customer Account Transfer Service Wire Transfer
Minimum Trade
$1
Regulator
SEC, FINRA	SEC, FINRA
Margin Trading
Yes	Yes
Margin Rate
4.50%
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
Yes	Yes
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD
Stock Exchanges
Nasdaq New York Stock Exchange	S&P 500
Cryptocurrency
Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.	tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.
Spread
Variable	Variable
Coins
ALGO AVAX BAT BTC BCH ADA LINK ATOM CRO CRV MANA DOGE ETH ETC FTM LTC LRC MATIC REN SHIB SOL XLM SUSHI GRT UNI YFI	BTC ETH LTC DOGE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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