When trading options you want to use the best trading platform in the industry.
Not only do I use tastytrade, but here is what Investopedia has to say about the compamy
tastytrade: Best Broker for Options
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- Account Minimum: $0
- Fees & Commissions: $0 stock trades, $1 to open options trades (capped at $10 per leg), $0 to close
Why We Chose It
Best for Options Trading
For the third year in a row, we chose tastytrade as the best options trading platform because of its options pricing structure, which includes options pricing caps that make it the lowest-cost brokerage for high-volume, high-frequency option traders. In addition, tastytrade optimizes tools and content to suit the needs of its options-focused client base.
Pros & Cons
Pros
- Capped commission structure for options
- Highly regarded tools for analyzing and monitoring options trades
- Fantastic options-specific content and educational material
- Fully customizable trading experience
- Follow Feed feature allows users to follow trades of tastytrade’s TV celebrities
Cons
- No on-platform paper trading support
- Few investing and retirement resources
- Lacks some key investment choices like mutual funds
Overview
Ask any options trader and they are likely to tell you that this form of derivative trading is complex and difficult to master. But with the right guidance, the many options strategies that are available to use can become powerful weapons that allow both traders and investors to benefit from key factors like time decay and leverage. Created by the same people who developed TD Ameritrade’s highly regarded thinkorswim platform, tastytrade maintains its stance as the best broker for options because of its intuitive delivery of an industry-best mix of comprehensive options-focused tools and content.
Launched as tastyworks in 2017 and headquartered in Chicago, tastytrade delivers very competitive fees for options trading, including standout features like commission caps for large lot sizes, as well as the absence of any trade commissions when closing positions. Fortunately for tastytrade users, these low commissions come with a platform that continues to undergo enhancements which complement its already powerful delivery of options analytics, platform workflow, trade execution, and valuable digital content.
Everyone has there favorite brokerage firm. But if you are looking for a platform that offerslive, commercial free daily options trading insights, a user friendly trading platform and exceptional customer support, Then tastytrade is the platform for you.
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