Tastyworks investing full review
Tastyworks mixes low prices, high technology, and inspirational ideas to offer smart trading. Check out the full review to learn all about it!
Tastyworks investing review
In today’s Tastyworks investing review, you’ll learn all about this great investment option for your financial life!
So, Tastytrade launched Tastyworks as a self-directed investing account for retail options traders. They believe that it is better to let you manage your own money while they provide you with tools to achieve smarter trading.
Also, this brokerage offers a full range of investments with low rates for opening and closing, as follows in the chart below.
Plus, you can benefit from an innovative way of trading at Tastyworks. Keep reading to know all you need before joining the club!
|Trading fees||$1 per contract for options on Stocks & ETFs ($0 for closing)|
$2.50 per contract for Options on Futures ($0 for closing)
$1.50 per contract for Options on Micro Futures ($0 for closing)
$0 for Stocks and ETFs ($0 for closing)
$1.25 per contract for Futures
$0.85 per contract for Micro Futures
$0.25 per contract for Smalls Futures
1% of total crypto purchase ($10 max)
|Promotion||$500 when opening the account and funding it with at least $10,000|
|Investment choices||Stocks, Options, ETFs, Futures, Cryptocurrency|
How does Tastyworks investing work?
I know that you are a frequent investor looking for freedom and support when needed. That’s how self-directed investing accounts work.
You can invest your money on your own, at the same time as can get the help when you need it.
But, some brokerages offer more than that.
Tastyworks is one of those investment accounts where you can rely on putting your money. It gives you the independence you want and the technology you need to invest smarter.
With innovative communication, high-level tools, and low prices, you can become an expert in the market.
Moreover, there is no minimum account required.
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Tastyworks investing benefits
This company offers two main advantages: trading technology with educational portal and support; and low fees.
But, if you are a new investor, these resources and tools might be overwhelming.
On the other hand, Tastyworks can beat all competitors in the market when we talk about options trading fees.
However, it lacks some features like robust research and some investment choices. Such as fractional shares, mutual funds, and bonds.
Also, note that it charges a withdrawal fee for transfers.
- High technology and a good platform for trading
- Low fees
- You can get a promotion when opening the account
- Great educational portal and customer service and support
- No fractional shares, mutual funds, bonds, and forex
- Not recommended for beginners
Should you join Tastyworks investing?
This investment account is an option for frequent investors searching for high technology and support when needed. But, if you are a beginner, you should look at other brokerages.
Can anyone open a Tastyworks account?
Anyone can open an account even if you live outside of the U.S. Plus, there is no account minimum required. But, note that for margin accounts, a minimum deposit of $2,000 is needed.
How to open a Tastyworks account?
So, you are interested in opening an investing account at Tastyworks. Don’t worry! We will help you with it. Check out the step-by-step on our next post!
About the author / Aline Augusto
Reviewed by / Aline Barbosa
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