tastyworks vs TradeStation 2018

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tastyworks vs TradeStation is a comparison of two brokerages made for active traders. When compared side-by-side, it is clear tastyworks offers better pricing on options, futures, and futures options for small trades of 1 to 10 contracts.

For larger trades, TradeStation offers tiered pricing that is much more economical. With that said, it’s hard to go wrong with either broker if you’re going to trade derivatives.

tastyworks vs TradeStation 2018

Company Ratings

tastyworks

TradeStation

Overall

Commissions & Fees

Customer Service

Trading Platforms

Mobile App

Overall Ease of Use

Promotion Value

Fees

 tastyworks

 TradeStation

Minimum Deposit

 $2,500

$0.00

Stock Trade Fee

 $5.00 (free closing trades)

 $5.00 or $0.002/ share

Options Ticket Charge

 None

 $5.00

Options per Contract Fee

 $1.00 (free closing trades)

 $0.50 or $1.00 w/ no ticket

Mutual Fund Fee

N/A

 $14.95

Market Data Fee

 Free

 Free

Wire fee (outgoing)

 $25

 $20

Inactivity fee

 None

 None

Investments

tastyworks

TradeStation

Stocks

Options

Futures

Forex

Bonds

OTC Stocks

Penny Stocks

Options on Futures

Crypto

Mutual Funds

0

4,951

International Trading

Advisor Services

Trading Platforms

tastyworks

TradeStation

Web-based

Mobile App

Downloadable (Mac)

Downloadable (PC)

Real-time Level II data

Real-time Charting

Historical Option Data

Options Analysis

iPad App

Company Info

tastyworks

TradeStation

In-person Branches

Customer Service hours

9-5 CT, M-F, phone + live chat

24/5

Sum of Client Balances

Not listed

Not listed

Member FDIC

Savings Account

Checking Account

Free Online Banking

Margin Rates

tastyworks

TradeStation

Under $24,999

8.00% Base Rate + 1.00%

8.50%

$25k-$49,999

7.50% Base Rate + 0.50%

8.50%

$50k-$99,999

7.00% Base Rate

7.75%

$100k-$249,999

6.50% Base Rate – 0.50%

7.75%

$250k-$499,999

6.00% Base Rate – 1.00%

7.75%

$500k-$1M

5.50% Base Rate – 1.50%

4.50%

Above $1M

5.00%

4.50%

Full Review

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TradeStation recently got rid of their market data fees; this makes TradeStation a lot more competitive and attractive when compared to tastyworks (traders used to have to pay around $50/month for data with TradeStation).

We prefer tastyworks for options trading, and we prefer TradeStation for futures trading, especially international futures trading.

Both brokers are excellent choices for day trading. One thing to keep in mind, tastyworks doesn’t offer access to OTC stocks, so if you want to trade penny stocks, you’ll have to use TradeStation.

If you’re planning on trading 1 to 10 options contracts at a time, we recommend choosing tastyworks, because there are no options ticket charges, and all closing trades are commission-free.

If you plan on trading significantly more than 10 contracts at a time, or plan on doing high-volume, like 200+ contracts a month, TradeStation’s tiered pricing is definitely superior to tastyworks.

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