Is Tasty Equity a Good Investment

By | July 1, 2022

tastyworks review summary

Recommended for
options and futures traders focusing on US markets

tastyworks is a young, up-and-coming US broker focusing on options trading. It is regulated by the top-tier Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Australian Securities and Investments Commission (ASIC) for Australian clients.

The people behind tastyworks are the same experts who built the thinkorswim trading platform, now operated by TD Ameritrade. tastyworks is privately owned; it was established in 2017 and is headquartered in Chicago.



Best broker for options

We selected tastyworks as
Best broker for options
for 2022, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. Check out the complete list of winners.

Our overall tastyworks rating

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tastyworks review


tastyworks overview

To learn more about the company, Tastyworks, Inc. itself head over to our tastyworks company overview page.

Is tastyworks safe?

Each broker presented on BrokerChooser is regulated by at least one top-tier authority. So in this basic sense tastyworks is definitely safe. Additionally, it does publish annual financial statements on its website, both its ownership structure and its management are transparent. However, it does not have a banking background, it is not listed on the stock exchange and it is not audited by a Big Four auditor.

We selected tastyworks as the
Best broker for options
for 2021, based on an in-depth analysis of 70+ online brokers that included testing their live accounts. Check out the complete list of winners.

Read:   How Does an Investor Make Money From an Equity Investment


tastyworks review


tastyworks pros and cons

tastyworks is great for options trading, as its trading platform is primarily designed to trade options, and trading fees are low. Furthermore, great educational and research materials are on hand to support your learning and your trading efficiency.

tastyworks focuses mainly on options and futures trading. Trading with US stocks and ETFs is possible, but a bit complicated compared with other brokers. Bank transfer (wire) withdrawal is expensive, and credit/debit card deposit is not possible. The trading platform is great for options trading but can be intimidating for a newbie, especially as there’s no demo account.

Pros Cons

Low trading fees

Limited product selection

Great educational materials

Few deposit and withdrawal options

Good research tools

No demo account


tastyworks review


Fees

tastyworks has low trading fees and there is no inactivity fee. On the other hand, you have to pay a high withdrawal fee for wire transfers.

Pros Cons

Low trading fees

Withdrawal fee for bank (wire) transfers

Low stock and ETF fees / Free stock trading

No inactivity fee

tastyworks fees snapshot

Assets Fee level Fee terms
US stock fee Low Free stock and ETF
EURUSD fee Not available
US mutual fund fees Not available
Inactivity fee Low No inactivity fee

Want to dive deeper into fees? Learn more about tastyworks fees on this dedicated page.


tastyworks review


Who can open an account?

tastyworks
accepts customers from many countries. These include almost all EU countries, most South and Central American countries, as well as India, Indonesia, New Zealand and Turkey, among others.

Pros Cons

Fast

None

Fully digital

No minimum deposit

Can you open an account?

Visit broker

Want to dive deeper into your account opening options?
Learn more about tastyworks account opening on this dedicated page.

Trading platform

Tastyworks’ own trading platform is mostly catered towards advanced options and futures traders with stock trading being in secondary focus. The platform is available on the web, mobile (app), and desktop as well. Learn more about tastyworks’ trading platforms and the tastyworks app.

Depositing and withdrawing

While a minimum deposit is not required, withdrawals are charged and you’ll have to watch out for the various methods you can (and cannot use) when moving your money in and out of tastyworks. Learn more about these on the minimum deposit and the tastyworks money withdrawal pages.

Available products

While somewhat narrower than its closest competitors, several asset classes are available to trade on tastyworks. The following pages go into detail on some of them.

Trading stocks | Options trading | Crypto trading | Trading futures

Customer service

We were very satisfied with tastyworks’ customer service both in terms of its relevance and responsiveness. See what channels are available and how each performs against our expectations.

tastyworks alternatives

Although tastyworks is definitely a popular online brokerage, it’s worth evaluating some of the other similar options you might have, depending on your personal situation. Some of the popular alternatives are Robinhood and Webull, but there are lesser-known good matches as well, which you’ll find on this tastyworks alternatives page.

Top 5 Brokers

Get your personalized toplist:


tastyworks review


FAQ

Author of this review

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Andras has over 5 years of experience in investing and trading equities, options and bonds. He believes that active trading and a more passive investing approach both have merits and everyone can find a strategy that fits their needs. He’s eager to help identify the characteristics of specific brokers, so the best match can be found for each client.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Is Tasty Equity a Good Investment

Source: https://brokerchooser.com/broker-reviews/tastyworks-review

Posted by: finance.companiamedica.com

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