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Tastyworks Review 2022 – Features, Pros & Cons, & Trading Fees

title

Tastyworks Review


tastyworks logo
  • Comprehensive tools for options trading
  • Capped commission structure for lower fees
  • Stocks, ETFs, an cryptocurrency investing is also available

Product Name

Products

Min Deposit

Fees

What Is tastyworks?

What Does It Offer?

Different Account Types

Individual Accounts: Open a margin trading or cash account. Note that you must maintain a minimum balance of $2,000 to access margin trading.

Retirement Accounts: Tastyworks includes Traditional, Roth, and SEP IRAs.

Entity Accounts: Open a corporate account for a C-Corp, S-Corp, LLC, or Partnership. You can also open trust accounts.

Joint Accounts: Tastyworks lets you open a tenants in common account or a “with rights of survivorship” (WROS) account.

Multiple Investing Options


Tastyworks Plans
  • Covered and uncovered options
  • Covered and uncovered options spreads
  • Futures
  • Options on futures
  • Stocks and ETFs
  • Limit
  • Stop Limit
  • Market
  • Stop Market
  • Bracket and Conditional Orders
  • Good until canceled and good until date orders

Cryptocurrency Trading

Bitcoin

Cardano

Chainlink

Dogecoin

Ethereum

Litecoin

Polkadot

Shiba Inu

Solana

Tezos

Uniswap

Trading Tools And Charts

Curve Analysis: Set up trades using a table view or curve view to visualize profit, breakeven, and loss areas. Trading Strategies: Utilize trading strategies like iron butterfly options and iron condor.Quick Order Adjustments: Quickly adjust unfilled orders with a single click and cancel, replace, duplicate, or invert them.Percent Of Profit: Tastyworks lets you lock in winners at various profit targets so you can place options trades and choose when the order closes automatically so you don’t have to stare at your account all day.

Technical Indicators: Create your own watchlists and use charting tools with indicators like delta, gamma, theta, vega, and implied volatility.


tastyworks trading tools screenshot

Portfolio Analysis


Quiet Foundation
  • Capital at risk
  • Diversification
  • Liquidity
  • Net opportunity
  • Portfolio-to-index evaluation
  • Probability of gain/loss within one year

Education Modules

Tastyworks caters to experienced traders who want to actively trade options and futures. But this doesn’t mean you have to be a professional investor to try out the platform.

In fact, tastyworks does a good job at providing value to complete beginners through its parent company tastytrade.

If you create a free tastytrade account, you can subscribe to a range of free newsletters like:

  • Cherry Picks: Get weekly quantitative research reports for breaking news on earnings, trading opportunities, and market movers.
  • Futures Insights: A free monthly newsletter with commentary from professional futures traders.
  • Cherry Bomb: Get daily pre-market ideas from co-foundersTom Sosnoff and Tom Preston.

Are There Any Fees?

Cell

Having capped commissions really makes a difference for larger trades. For example, making 20 puts/calls on a single leg costs $10 in opening commissions on tastyworks, not $20. Similarly, it doesn’t matter if you’re buying $1,000 of Bitcoin or $5,000; you just pay $10 in opening fees.

Tastyworks also has potential banking fees you should note:

  • ACH Deposits and Withdrawals: Free
  • Outgoing Domestic Wire: $25
  • Outgoing Foreign Wire: $45
  • Domestic Check: $5
  • Foreign Check: $10
  • Returned Check/Wire/ACH Recall: $30
  • IRA Closing Fees: $60

How Does tastyworks Compare?

Header

tastyworks logo



Interactive Brokers

Rating

Stocks & ETFs

Commission-Free

Commission-Free

Commission-Free

Per-Contract Options Fee

Fractional Shares

Cryptocurrency

Yes

No

Yes

Cell
How Do I Open An Account?

Is It Safe And Secure?

How Do I Contact tastyworks?

Is It Worth It?

tastyworks Features

$0
$0
Yes
No
No
Customer Service Number
888-247-1963
Mobile App Availability
iOS and Android
Web/Desktop Account Access
Yes
Promotions
None

By: Tom Blake
Title: Tastyworks Review 2022 – Features, Pros & Cons, & Trading Fees
Sourced From: thecollegeinvestor.com/39433/tastyworks-review/
Published Date: Tue, 01 Mar 2022 08:10:00 +0000


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