Review & Analysis
Learn more about the tastyworks platform and brokerage service through this 3rd party review and analysis.
The same group of traders who started thinkorswim in 1999 and the tastytrade network built tastyworks in 2011. The platform is built to reflect a unique options trading style.
Various topic posts have been set up for your benefit that can be seen here:Tastyworks Reviews.
Tastyworks commissions are communicated early on and upfront. They offer $0.00 commission to close trades (plus $0.10 clearing fee)*. Their (remove “brokerage fees, or”) commissions support traders who thrive with scaling-in and scaling-out of trades. In other words, trading large quantities in smaller increments. See the fee schedule below:
*All opening and closing transactions incur the following clearing fees: Options: $0.10 per contract; Stock: $0.0008 per share; Futures: $0.30 per contract.
The “fine print” stock option and trading fees can be seen here: tastyworks commissions & Fees Tastyworks commissions & fees.
The Tastyworks platform was designed to be high functioning. Generally speaking, it kept only the tools a trader needs and none of the “fluff” other platforms have in place (see: Tastyworks screenshots). The platform functions well for both beginner and seasoned traders alike. Accordingly, the tools available to be easily manipulated. Motivated options traders that manipulate charts and data will benefit the most.
The platform feels different than most others. Time is required to get used to it. This analysis is based upon the launch of Tastyworks in 2017. Overall, it has been a quality experience. The tastyworks platform allows you to follow real-time trades put on by other traders using the same platform. Furthermore,trades are displayed for free and can be implemented at will.
The best collected fact on the Tastyworks platform: Fee structure marketed inexpensive. Platform integrated for ease of use. Trade establishing speed incredibly fast. Trade editing also incredibly fast. Analysis tools implement easily and score well. Therefore, analysis projects the platform to only become more fluid in time.
From here on, to assist stock option traders, this website compiles and analyzes the Tastyworks platform. Founded this year, Tastyworks has much growth potential. In fact, the Tastyworks group is actively soliciting for improvement ideas from its user-base. Review the video below or sign up and explore Tastyworks for yourself: Tastyworks Sign up. Margin accounts require $2,000 to fund.
Of course, traders can sign up for the platform here and evaluate it themselves:
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Looking forward to trading futures on tastyworks! love the quick trading I can do on it.
I follow the Simpler Options group combined with Tastyworks like it was suggested here. It's awesome! I'm making pretty good money so far.
It's okay so far. I think they are needing to publish what they are working on more. It would be good to know upcoming improvements.
I like how you can click and drag and move your option contracts without having to delete and reenter everything per strike.
I like it so far. Need some improvement but seems good.