Tastyworks is an excellent platform for traders to undertake do-it-yourself trading. It reduces traders’ dependence on money managers and lets them manage their funds and trades independently. The edge provided by Tastyworks is supported by its high-end technology, low rates, and hands-on support.
Tastyworks specializes in options trading; however, it also offers other instruments to trade. Traders can choose between stocks, futures, options on futures, covered and uncovered options, and covered and uncovered options spreads. There are different types of accounts for active day traders, with individual margin and access to the use of various trading strategies.
The technology offered by Tastyworks platforms is fast, reliable, and secure. Making trades is as easy as see it, click it, trade it! Tastyworks provides a desktop-based downloadable platform which is best suited for high-powered and high-volume traders. The desktop platform provides a tool-set of features, exceptionally fast quotes and execution speeds, intuitive dashboard layout and workflow, and blazing performance.
Additionally, for traders looking for the flexibility of web-based software, Tastyworks has one of the most robust trading platforms. It can be accessed from anywhere and includes all the features of the downloadable version. Traders have the option to follow trades of experts on the Follow page of the platform and can track their own trades through Trade Curve and Analyze. For traders who need powerful trading technology on-the-go, Tastyworks also has a mobile application. The application is fast, easy to use, and can be used for keeping track of the portfolio, closing and rolling positions, order entry, and other functions.
Tastyworks is also known for its low commission structure and reasonable pricing. Tastyworks charges $5 flat rate to open stock trades and $1 per options contract. The options contracts commissions are capped at $10 per leg for listed options.