We do not recommend trading with Robinhood. Their business practices have harmed traders and their "free" trading offer has been criticized for actually costing their traders millions of dollars.
Traders from US accepted
Traders from US accepted
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.
Robinhood is an American stock broker and financial services firm based in California. The broker offers commission-free stocks, cryptos and ETFs, plus other products such as cash cards and retirement accounts. Despite its robust US regulation, Robinhood has been involved in numerous scandals and security breaches since 2020. We urge investors to exercise caution.
Comment by Reviewer
"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."
"Robinhood is aimed at traders looking for stocks and crypto investing opportunities with additional perks. However, the brokerage's recent business practices mean the brand isn't a good option if you want a reliable and trustworthy broker."
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
Crypto trading available with no commission fees and a low minimum deposit of $1
Intuitive mobile trading app with 24/7 live support and in-app stock market news
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.
Access 18 crypto assets through the Robinhood app with no commission fees, including access to Bitcoin. On the negative side, the selection is not as wide as other brands and security is weak.