Skilling.com vs Tastyworks

Skilling vs tastytrade Comparison Table 2023
Skilling tastytrade
4.7
3

tastytrade is #38 in our broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. Sign up and start trading in three easy steps.

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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comment by Reviewer
"Skilling is a top pick for beginners looking for user-friendly platforms, copy trading features and educational resources to learn as you invest." "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
  • Full suite of investments including stocks, indices, forex, commodities and cryptocurrencies
  • Good range of payment methods for global traders
  • Trusted and licensed by the CySEC and FSA
  • Multiple account currencies and low deposit
  • Intuitive copy trading solution
  • MT4 platform integration
  • Highly rated broker
  • Demo account
  • 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
  • Limited market research
  • Fairly new brand
  • 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 Forex Trading Platform - Global Forex Awards 2022
Instruments
CFDs on Forex, Stocks, Indices, Commodities and Cryptos Stocks, Futures, Options, Crypto, ETFs
Demo Account
Yes No
Minimum Deposit
$100 $0
Trading Platforms
  • MT4
  • cTrader
  • TradingView
  • AutoChartist
  • Own
Payment Methods
Minimum Trade
0.01 Lots
Regulator
CySEC, FSA SEC, FINRA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
No No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android + Web App iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
Copy trading is available through Skilling Copy. 800+ strategies can be mirrored on the award-winning platform. Strategy providers can also use the service to generate an additional revenue stream.
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
2.5% withdrawal charge if you request funds with no trading activity
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • SEK
  • NOK
Stock Exchanges
Commodities
CFD Trading
Take positions on hundreds of CFDs covering stocks, indices, forex and commodities. Get competitive pricing and ultra-fast execution while leverage can boost your purchasing power and potential returns. CFD trading not offered
Leverage
1:30 (EU), 1:200 (Pro), 1:500 (Global)
FTSE Spread
From 1.5
GBPUSD Spread
From 0.1
Oil Spread
From 0.4
Stocks Spread
From 0.1%
Forex Trading
Skilling offers Standard and Premium accounts with competitive leverage and spreads across a wide range of major, minor and exotic forex pairs. Over 70 currencies are available, providing more trading opportunities than most competitors. Forex trading not offered
GBPUSD Spread
0.1
EURUSD Spread
0.1
EURGBP Spread
0.1
Assets
70+
Cryptocurrency
Trade 50+ crypto pairs via leveraged CFDs. The list of tokens is longer than many rivals and the broker offers a secure trading environment. Cryptocurrency trading is not available to traders in China. 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
BTC 0.5 Variable
Coins
  • ACM
  • APE
  • AVE
  • ATM
  • AVA
  • AXS
  • BTC
  • BAR
  • BNB
  • BTC
  • BSV
  • XBN
  • ADA
  • CHZ
  • ATOM
  • CRO
  • DASH
  • MANA
  • DOGE
  • EOS
  • ETH
  • ENJ
  • XET
  • ETC
  • FTM
  • ONE
  • HT
  • IOTA
  • JUVE
  • LTC
  • LNK
  • XLC
  • XMR
  • NEO
  • OMG
  • PSG
  • CAKE
  • DOT
  • MATIC
  • QTUM
  • XRP
  • ASR
  • SAND
  • SHIB
  • SOL
  • XLM
  • SNX
  • XTZ
  • THT
  • TRX
  • UNI
  • VET
  • WAVE
  • ZRP
  • ZEC
  • YFI
  • BTC
  • ETH
  • LTC
  • DOGE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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