Tastyworks vs robinhood reddit RH was mobile first and only. The bad that ppl point out are the same that would happen with any platform. Or check it out in the app stores r/tastyworks 4,751 members. Have tried a few others. com, a trading forum run by professional traders. 40. only good things to say about it, i think its fantastic. Let’s keep it real: Tastyworks doesn’t sound like the name of a trading platform. Fidelity is slow. Being a noob + using robinhood, blew up my 4,000 dollar account pretty quickly so things didn’t go so well. I can quickly make adjustments to my option trades to get better fills. Which online broker is better? Aside from a Ninja, I’ve used tastyworks for some time now particularly for the options on futures capability and I must say their platform is a beast. It is NOT a requirement that they operate in your best interest here as with selling the long call VS exercising the long call, the latter of which would waste your extrinsic. r I have been trading stocks and options for roughly 2 years on my parents Robinhood account and I am only 18 and a student so I have negligible net worth and income. May 10, 2020 · I am looking to switch from Robinhood to either TOS or Tastyworks and have been doing some research. If you buy 16 of a single contract, tastyworks costs $10, while the others would cost $10. After getting into options using Robinhood I decided I wanted to open a second account to keep my options and my long shares separate. Basically I'm sick and tired of how options work on robinhood. Their customer service is good. May 27, 2020 · Tastyworks vs Robinhood over the last few years I've been using Robinhood, recently i switched to tastyworks and i love it. With Tastyworks i think its a bit cheaper and looks like I can save the entire amount with Robinhood. If you are in it for options specifically then you might find firstrade annoying as will have to flick between screens to see greeks/price for example. Mar 11, 2025 · Compare the best online stockbrokers in the U. 5 round trip trades for $700 in profit or making a $1. I’ve used Robinhood for years just to trade long shares. To be honest I think it’s time you relook at your strategy as opposed to a new broker, at . You'll have fewer issues getting orders filled in the long run. its been about a month and i really like it. I'm in liquid options so I have no problems getting fills. What I am a little confused about is the fees. Pretty much any time I go to buy or sell an option, as it's processing the… I started on Robinhood and only used RH for about 3+ years. That way I can easily see how my positions are. Mar 4, 2020 · I've thought about moving my account to one of these before, and after the recent issues at Robinhood I'm ready to make the jump. E*Trade: Get zero commission on stock and ETF trades. It comes across as the name of a website that sells cotton candy. do you think its worth paying the $1 per contract to keep trading there or since Best is hard to nail down. Posted by u/Reddit_is_whack - 6 votes and 20 comments In the comparison between Tastyworks (tastytrade) and Robinhood, each platform offers distinct benefits that cater to different investor profiles. Jan 15, 2019 · Tastyworks. Robinhood is an excellent choice for beginners and casual investors, thanks to its user-friendly interface, commission-free trading model, and broad range of accessible investment options. BlockFi's cut is unknown (at least, to me) since they invisibly factor it into the price which you can never pin down since it's always fluctuating. ” E*Trade gives its users the best order price and charges a small fee. Dec 13, 2017 · The biggest one in my mind (aside from if you don’t trade futures) will be uptime. 65 fee per contract and $0 commission. 18 / 100 shares of stock Robinhood: Gets paid approx $0. However, each seem to have their own drawbacks. Then I found out that I can open a TDA account on the basis of my indian residency. If your comfortable on TOS you’ll get used to it in seconds imho. 55 a trade I've opened an account with both of them to try it out, and I'm trying to like tastyworks but tradestation just seems to be a lot more intuitive and feature filled. 11%. 17 / 1 option contract Order fills can be the difference between being profitable vs. Most (if not all) of the platforms you mentioned have all tried to take their web/desktop platform and trim it down to a mobile app. Eventually I pulled out the money I made and stopped trading options all together. I've been using tastyworks and I just had my IB account approved. I can tell you TW is way easier and nicer to use but IB gives you access to so much more than US stocks, ETFs and options. A major broker like Schwab/TDA, Fidelity, IB would honestly be your best bet. I'm just trying out TT, so there probably is a way, but I've been poking around and can't find it! I trade about 150 contracts a week, (50 lots, 3 legs -spreads) so this costs me about $75-$100 with E*Trade/Ameritrade. I have used both. The past few days I have been taking a closer look at my commissions and fees and realized their really starting to pile up so I have been considering switching to TD Ameritrade not because of the commisions but due to the fills I get with Tastyworks where I constantly have to change my order price to get filled vs. and get a side-by-side look at each broker\u2019s fees, apps, trading tools, investments, platforms, ratings, and more. They have crappy rules. So as I understand it ToS is $. I know that TOS charges $0. That being said, they don’t allow naked options, which is limiting. Robinhood has been fine. Fills on TW are 10x better than RH. I actually applied for a Webull account then messaged them asking to cancel my application because I decided on TOS instead. I know a lot of people hate RobinHood, but trades are free and the margin interest rate is only 2. For example, in the link I can easily see that my puts are doing great, but my calls are really challenged. how much the current value is. . Robinhood, in particular, is notorious for exercising the long call and throwing your extrinsic in the trash. Price is delayed so I go onto tastyworks for pricing information then place the order on Robinhood. xx that it costs me per option trade. Dec 13, 2017 · The biggest one in my mind (aside from if you don’t trade futures) will be uptime. IB also has lower margin interest than Robinhood but it's not a major thing unless you have a ton of money in the account. r/options 1,139,165 members. TastyWorks have a cap of 100 contracts (I think), so it will be cheap to trade with them if you open and close more than 100 contracts in a single trade (they could have a cap on ten contracts and then another tier at 100 contracts, I do not have it in front of me now). But don’t let the name fool you. It is a both Chinese and US brokerage. I started trading options about a year ago with robinhood. I was leaning towards ibkr however I have heard people say their platform is horrendous. Trading “skill” is a broad term, but entry/exit precision is a rather large component even for non-HFT funds. 1%. 65 to open and to close for options and I know that Tastyworks charges $1 to open and $0 to close. TastyWorks Desktop vs TDA ThinkorSwim Hi All, anyone have experience with both TastyWorks Desktop and TDA ThinkorSwim? The TW low commissions are very enticing but I love ThinkorSwim especially the advanced Analyze and Charting functions. S. • Robo accounts are available through Interactive Brokers’ sister company Interactive Advisors. not. It has a Tastyworks: Gets paid approx $0. Mar 27, 2020 · After Robinhood's recent debacle it's hard for me to recommend free apps like WeBull. If you're dealing with more advanced trades go with IB. It’s the most efficient trading platform to navigate by far. I have never used Robinhood til now. In addition, the lack of fees allow you to "ladder" your entry points instead of trying to go all in on one price in an effort to avoid fees - it's safer. however, i want to make sure im not missing out on anything. RH has other deals in place that allows them to scalp the bid-ask. Now I have accounts at 4 different brokerages, mainly using Tastyworks. Many active traders view Tastyworks as the “go-to” online brokerage for options traders. Previously called Tastyworks, tastytrade is a powerful online brokerage that specializes in competitively priced options and futures trading for seasoned day traders. Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto… I would never touch tastyworks for crypto at these current rates. Jun 21, 2019 · Basically I'm sick and tired of how options work on robinhood. Get the Reddit app Scan this QR code to download the app now. You could do tradestation but only for stocks, they are robinhoods crypto broker and we know how bad robinhood is. Interactive Brokers Highlights: • Clients of tastytrade and Interactive Brokers can open self-directed accounts. Every edge you can put in your favor is a must no matter how small/large your account is. Now I’ve been paper trading options on TD’s thinkorswim software over the last 8 months and I’ve got a pretty good system going. Other than robinhood/ tastyworks, any viable options brokers? I have already spent >$1000 this year on fees & commissions, which is ok since cleared in profit, but may as well see what else is out there. TOS is far superior from any other brokerage softwares but with too much details! Tastyworks comes from the very same team those who made TOS. 1 million, even after considering the savings from not paying a commission. Active trader is insanely slow. Feb 28, 2025 · Promotions tastytrade: Get $250 for each trader you refer with this referral link. Nothing wrong with using both and seeing which one you like. TD Ameritrade where I seem Compare Interactive Brokers vs Tastytrade/tastyworks: IRA, commissions, fees, trading tools, pros and cons. If you're just buying and selling stocks go with Robinhood. I trade a crap ton and I use Fidelity, IB, tastyworks, Rho (using tradier), robinhood. 10 fee per contract for trading. Now I am leaning towards Switched from Tastyworks to Robinhood cause I was paying out the wazoo for spreads. But if you're purely interested in cheap options trading Tastyworks is probably sufficient. however the option fees are a bit rough since my account is so small (about $2000). TastyWorks does not do this. And if you’re running the advanced trading platform app for most brokerages it’s generally some Java app and the OS is again completely irrelevant. 30 round trip and $700 in fees that would be 548. Webull and tastytrade provide comparable offerings with their trading platforms, each boasting a downloadable Windows and Mac application as well as a browser-based platform. I tried to use Robinhood but their order routing system is opaque and clunky and long story short, I wound up switching to tastyworks, which is built from the ground up to support individual investors in options and futures trading by the same team that built ToS back in the early 2000's. 1 brokerage close to Robinhood near RWC was audited and froze all funds that took 2 months to clear. What is the downside with going with Robinhood? I am looking to switch from Robinhood to either TOS or Tastyworks and have been doing some research. Deciding between TDAmeritrade, Etrade, Tastyworks and IBKR. Do you have any significant evidence of the difference of execution between brokers? I haven't noticed anything too significant between Robinhood, TD, Tastyworks. Mar 11, 2025 · Dive deeper: Best Options Trading Platforms for 2025, Best Futures Trading Platforms for 2025 Trading platforms and tools. Webull has insurance coverage. Pretty much any time I go to buy or sell an option, as it's processing the… Sep 1, 2022 · 5. If anything I think it may be possible I'm getting better execution on Robinhood compared to Tastyworks. Coinbase Pro is 0. I haven’t used Robinhood since the end of last year, but at that point, there was downtime when the market was open quite often. 28 profit per trade, even if we use the full $1,400 meaning no cost to trade you are looking at a profit of only $2. Investing and Trading With a brokerage account at tastytrade or E*Trade, you can trade these investment types: I've read on other threads that tastyworks uses a Apex clearing so fills are just as bad as robinhood. 65 per trade is adding up quite rapidly with Jan 30, 2025 · TastyTrade vs Tradestation (2025) Tradestation versus TastyTrade: compare brokerage fees, options/futures accounts, & stock trading platforms. Rho is great but the interface needs work. The fact that Robinhood doesn’t charge fees should make you wonder how they’re making money. Out of the three listed I use firstrade (I also use tastyworks). I was asking how hard would it be to get basic margin approval on tasty works as i'm only planning to do defined risk strategies and buying LEAPS. The tastyworks iOS app is also apparently so bad it's almost unusable and I like to check on my trades/closeout/roll positions while I'm at work. Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto… Posted by u/Xystence - 4 votes and 2 comments I want to know cost value (what I paid/received) vs. Question on Robinhood vs E-Trade (Options) So a little while ago, about 1-2 years I began options trading on Optionshouse which was bought by E trade. Robinhood is notorious for this due to routing to exchanges for Payment For Order Flow which can mean less liquidity (less B-A splitting) and lack of total execution for sizable orders, especially AON. Hi, young options trader here. I can't use robinhood's platform, takes too long to access the chain and close positions, but 0. 65 a contract $1. More than 15 contracts per leg, and you’re coming out ahead on tastyworks. 37 / 100 shares of stock Options Interactive Brokers: Pays for order fills and may receive volume discounts Fidelity: Gets paid approx $0. Welcome to FXGears. I actually went from TastyWorks back to Robinhood because of the fees. The tools available to me at TW more than make up for the $1. 15 / 100 shares of stock E*Trade: Gets paid approx $0. Stock Market News Feed for Idea Generation Best viewed on PC with Reddit Enhancement Suite Use an Auto… Dec 13, 2017 · The biggest one in my mind (aside from if you don’t trade futures) will be uptime. But if SEC finds something improper SEC has the power to freeze the brokerage funds. do you guys have any define preferences that thinkorswim has that no other broker could even compete? thinking about maybe switching to webull as its almost to thinkorswim without the options fees I don't know what time this was, but if it was after hours, tastyworks seems to base their extrinsic value (and probably theta too) on the current (after hours) bid/ask of the underlying rather than what it was when the market closed (and the bid/ask of options was set). Posted by u/Empland - 1 vote and 5 comments i just recently swtiched over from robinhood to thinkorswim. anyone have some suggestions? I was looking at etrades but people say it's hard to get orders filled and well, we both know that's how profits slip… I have been trading stocks and options for roughly 2 years on my parents Robinhood account and I am only 18 and a student so I have negligible net worth and income. Robinhood charges 5% annual interest and IB charges I think like 2%. If you are options spread trader and don’t need analysis tools, you’ll like tastyworks. “The SEC order found that Robinhood provided inferior trade prices that cost customers $34. Gemini ActiveTrader seems to charge around 0. Like when a stock moves one way to fast and the price gets halted ppl will blame robinhood for not letting them sell. I dnt get the robinhood hate. 00 opening commission per contract and $. I thoroughly enjoy TastyWorks (TW) but it can be a little jarring coming from Robinhood if UI is a big thing for you. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. TD Ameritrade has two platforms, generally option traders end up using ThinkorSwim (ToS) since it caters to that much more. Tastyworks charges a $45 withdrawal fee. Binance is 0. Tastyworks is good for volume though, since commission is capped at $10/leg. Things take forever to load. They have everything what you need for options, especially spreads. Half the people here aren’t even doing that, they’re using Robinhood on their phones. That’s for several reasons. Small account sizes get fucked by commissions and fees, it sucks seeing 1/5th of your profits eaten up by that. Jan 10, 2025 · Tastytrade Overview. tastyworks has had very little (if any) downtime (others can chime in here because I’m not on the platform daily). I believe TastyWorks is $1. 5%. 5K subscribers in the StonkFeed community. Non of the players will compare with Robinhood’s mobile app - for now. Robinhood for shits and giggles and plays that have lots of legs. This stuff matters a ton when options trading Feb 28, 2025 · tastytrade vs. I agree since TD is one of the big 4 they got the trading right and you should stick to your favorite broker for the longer term. Commissions are breakthrough. Jan 13, 2021 · Currently I use RobinHood for all options trading, but I am considering moving over to TastyWorks. feejm oqyel vapim xpmawh zmxox qmrsf fztqdq oiqiw qsgko odpg zgc muzc ozkeoev cxflxapw kboab