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tastytrade Review
A US broker built specifically for options and derivatives traders, with capped commissions and options-centric tools.
Best for
- Options traders
- Active derivatives traders
- Options education
Not best for
- You're a passive index investor
- You want broad international markets
Our verdict & scoring
tastytrade is designed around active options trading, with commissions that cap on opening trades and no commission to close, plus a purpose-built platform and a large library of options education. Best for traders who live in options rather than buy-and-hold investors. It has been owned by IG Group since 2021.
Scores are based on our review methodology. Affiliate relationships do not buy higher ratings.
Pros
- Options-first design
- Commission caps favour active traders
- Excellent options education
Cons
- Niche focus
- Less suited to buy-and-hold investors
Fees & hidden costs explained
Commission caps on opening options trades; $0 to close options; competitive futures fees.
Safety, regulation & availability
US: tastytrade, Inc. is an SEC-registered broker-dealer and FINRA/SIPC member (CRD# 277027), owned by IG Group since 2021. Serves US residents.
Account protection: SIPC coverage up to $500,000 (including $250,000 cash).
Available to retail traders in:
Verify this platform yourself:
Official sources
Risk warning: Trading stocks, options, futures, forex, crypto, CFDs and funded accounts involves risk. You can lose money. This website is educational only and does not provide financial, investment, tax or legal advice.
Leverage, volatility, fees, spreads, liquidity and platform rules can increase losses.
Affiliate disclosure: We may earn a commission when you click some links on our site. This does not cost you extra. Our comparisons are educational and transparent, and our rankings are not affected by commissions.