tastytrade review

Stock trades cost $0 and the pricing model is commission free, so there is no commission on equities. Options are the exception, with a charge of $1. The account opens with a minimum deposit of $0, so fees rather than funding are the thing to check.

A single account covers stocks, etfs and forex, so equities, ETFs, options, futures, forex and crypto all sit with the same broker. CFI is the alternative to compare, since stocks, etfs and forex trades contracts for difference instead of options and futures.

SIPC is the only scheme named for this broker, and the protection level is SIPC up to USD 500,000. The licence is US, so the arrangement sits in the US rather than under a UK or European scheme, and readers in those markets should check the local position before funding an account.

The platforms are Mobile, Desktop and Web, and a mobile app is named among the features, so the same account works on a phone as on a desktop or in the browser. The stocks, etfs and forex list does not vary by device, and the stock trade fee stays at $0 on each.

The account types are ira and joint, a retirement account and a joint account, which covers both couples and savers building a retirement pot. No UK ISA or European pension wrapper sits among them, so a saver in those markets should look at alternatives such as CFI or bunq before opening an account.

The low entry point, a stock trade fee of $0 and a minimum deposit of $0, makes funding easy, but positions are your own to manage with no adviser. Across this site 70.15% of retail accounts lose money, so the cheap side of the deal is not the deciding factor.

The licence is US, and the account types ira and joint are US accounts, so this reads as a US broker rather than a UK or European one. Readers elsewhere should treat it as an overseas option, and a euro account such as bunq's, with a minimum deposit of €10, is the local alternative.