This comparison guide aids customers that battle to choose between TastyTrade and TD Ameritrade to locate the most effective online broker for their trading and investment demands. It examines the main features of the two brokers alongside to assist customers contrast their service and make an informed choice.
To aid customers pick the appropriate broker in between TastyTrade and TD Ameritrade to find the best-suited system, listed below is a checklist of broker’s benefits and drawbacks, adhered to by a comparison of their primary trading functions, including trading systems & tools, costs, mobile trading, down payment & withdrawal, properties, law, and consumer assistance.
TastyTrade vs. TD Ameritrade: Summary
TastyTrade (previously TastyWorks) is a US based stock and options broker. It is regulated by two tier-one regulators (FINRA and SEC) and is therefore considered safe. The broker offers access to a wide range of options, futures and stocks.
TastyTrade’s platform offers various trading tools and features, intuitive charting apps and the TastyTrade content network. These features make tastytrade a great fit for experienced and active traders focusing on trading with futures and options. Although TastyTrade offers great educational materials and research tools, the platform can be overwhelming for beginners.
The minimum deposit at TastyTrade is $0. Customer support is responsive and well educated.
TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.
TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.
TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.
TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.
Pros
- Low minimum deposit ($0)
- Wide range of futures and options
- Low, variable, and capped trading fees
- Broad range of tools for advanced options and futures traders
- Great research and educational materials
Cons
- No fractional shares available
- Limited instruments compared to other brokers
- High margin rates required
Pros
- Low minimum deposit ($0)
- Free stock and ETF trading
- Feature-rich desktop and web trading platform (thinkorswim)
- Advanced charting capabilities and real-time data
- Wide range of stocks and ETFs
- Excellent mobile trading apps for casual and active traders
Cons
- Mostly US markets and assets
- Only accept bank wire transfers
- Doesn’t offer fractional shares
Key features
- Access to thousands of stocks, ETFs, futures, options on futures, commodities, and cryptocurrencies
- Advanced trading tools and dynamic charting features (custom indicators, watch lists, and curve analysis)
- Multiple advanced order types available (good until canceled and good until date)
- Free monthly portfolio analysis
- Support for Expert Advisors and other automated trading software
Key features
- Wide range of US stocks and ETFs
- Vast selection of charting tools and indicators
- Daily market analysis in the form webinars, webcasts, and podcasts
- 0% commission stock and ETF trading
- Access to IPOs, annuities, fixed income products, and lending programs
TastyTrade vs. TD Ameritrade Comparison
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Tastytrade
TD Ameritrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 5:1 | 1:2 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0 | 1.3 pips |
| Stocks & ETF | 0 | $6.95 |
| CFD (Gold) | 0 | 0 |
| Crypto | 1% open 1% close (max $10 each way) | 0 |
| Options | $1 per contract | 0.65 per options contract fee |
| Conversion Fees | 0 | $75 transfer fee |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 0 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2400 | 3700 |
| ETF & Funds | 0 | 13000 |
| Crypto | 25 | 0 |
| Commodities | 0 | 10 |
| Indices | 7 | 12 |
| Options | 0 | 0 |
| Futures | 83 | 70 |
| Bonds | 0 | 40000 |
| Forex Instruments | 0 | 70 |
| CFD Indices & Funds | 0 | 0 |
| CFD Stocks | 0 | 0 |
| CFD Commodities | 0 | 0 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | Spanish | English / Spanish |
| Personal Account Manager |
Winner
TastyTrade vs. TD Ameritrade Comparison Conclusion
The results of our comparison of TastyTrade vs. TD Ameritrade are wrapped up in the table below.
| Broker: | Best For: |
| TastyTrade | Options Trading |
| TD Ameritrade | US Stocks and ETFs |
Picking the appropriate selection in between TastyTrade and TD Ameritrade can be difficult. Both on-line brokers have similarities however vary pertaining to trading instruments, platforms & apps, law, down payment & withdrawals, and study and education. Selecting the best broker depends on users’ trading & financial investment objectives, individual choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.