Tradier Brokerage vs Tastyworks

Tradier Brokerage vs tastytrade Comparison Table 2024
Tradier Brokerage tastytrade
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Tradier Brokerage is a US-headquartered and regulated broker specializing in stocks and options. The brand integrates with 100+ platforms, alongside its own customizable web solution, and has 1+ billion API calls per month. With low fees and margin rates, Tradier Brokerage has proven popular with active traders.

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.

Comment by Reviewer
"Tradier Brokerage is best suited to experienced investors looking for low costs in return for high trading volumes on stocks, options and ETFs." "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
  • Commission-free stock and ETF trading plus low commissions for options
  • Secure operations and protocols to protect against hacks, including 2FA
  • Ability to customize platforms using APIs
  • Low minimum investment requirement
  • Social trading via third-party providers
  • Diverse range of platform options
  • Competitive margin rates
  • Takeover queues
  • 401k solutions
  • 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
  • Complex platforms that aren't best for beginners
  • Advanced services have additional charges
  • High IRA and mutual fund fees
  • No cash management accounts
  • 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
Instruments
Stocks, ETFs, Futures, Options Stocks, ETFs, Cryptos, Futures, Options
Demo Account
Yes No
Minimum Deposit
$0 $0
Trading Platforms
  • eSignal
  • Own
Payment Methods
Minimum Trade
0.01 Lots
Regulator
SEC, FINRA SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
5.25
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
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
Stock Exchanges
Cryptocurrency
Crypto trading not offered 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
Coins
  • BTC
  • ETH
  • LTC
  • DOGE
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Tradier Brokerage
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