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Tastyworks is best suited for experienced stock, options, and futures traders, as well as those interested in sharpening their craft in these areas. Tastyworks trading platform features are designed to meet all active traders needs, including a strong set of tools for derivatives traders. Although tastyworks can be intimidating for beginners, the trading platform has great educational content and research tools for learning. However, the low fees don’t make up for the limited account amenities and lack of investment selections for the casual trader or passive investor. As a result, tastyworks is well-suited for its target market of active traders, but it likely won’t be a good fit for everyday investors.
Pros
- Huge library of resources and educational content
- Fully customizable trading experience
- Advanced tools uniquely built for the options trader
Cons
- Platform can be overwhelming to newer options traders
- Limited account amenities and investment selections
- Lacks features like market news, research and screeners
Tastyworks
On June 28, 2021, IG Group Holdings plc announced the completion of a $1 billion partnership with tastytrade. 1 Tastyworks, a subsidiary of tastytrade, is an online brokerage platform that specializes in options, futures, and stock trading. Launched in 2017, the relatively new online broker is one of the fastest-growing online financial networks in the world. Tastyworks was designed by the founders of thinkorswim with sophisticated functionality for complicated options trades and strategies in mind. 2 It has a do-it-yourself approach and provides the technology, education, and support to succeed more easily on your own. We’ll take a look at how tastyworks ranks against its more established rivals to help you decide whether it is the right fit for your needs.