Yes, since Tastytrade were bought by IG, their options trading platform continues to improve. Plus, there is excellent options trading strategy and content from their TastyLive YouTube channel.
TastyTrade Options Trading Review
Name: TastyTrade Options Trading
Description: A good choice for traders looking for low commission, trading ideas and a followers of trading on social media. tastytrade stands out as a top choice for options traders with its low commission rates. When comparing commission fees for various lot sizes, tastytrade offers highly competitive rates. For 1 lot, the commission is $1.20, which is lower than E*TRADE ($1.30), Fidelity ($1.30), Interactive Brokers ($2), Schwab ($1.3), and TD Ameritrade($1.3). This trend continues as the lot size increases, making tastytrade an appealing option for traders looking for cost-effective options trading solutions.
Summary
tastytrade offers traders the opportunity to employ a wide range of strategies and capitalize on various market conditions and you can trade options on a wide range of underlying assets including:
- Stocks: Options can be traded on individual stocks listed on major US exchanges.
- Exchange-Traded Funds (ETFs): Options are available for numerous ETFs, providing exposure to various sectors and asset classes.
- Indices: Options can be traded on popular stock market indices such as the S&P 500, NASDAQ-100, and Dow Jones Industrial Average (DJIA).
- Futures: Tastytrade offers options on futures contracts, allowing you to trade options on commodities, currencies, and other futures products.
Pros
- Lots of options
- Backed by IG
- Good education programs
Cons
- Limited futures
- Trading only (no investing)
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Pricing
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Market Access
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Online Platform
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Customer Service
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Research & Analysis
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Overall
4
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
