TastyWorks Fees, Spreads and Commission vary according to the account type the trader uses. TastyWorks spread list starts from 0.00 pips. There is no leverage range. Standard lot sizes and commissions are determined by the account selected. With a minimum deposit that is $0.00 USD / R0.00 ZAR.
TastyWorks At a Glance
| Broker’s Name | tastyworks |
| 🏛️ Headquarters | Chicago, United States |
| 📅 Year Founded | 2017 |
| ⚖️ Regulating Authorities | FINRA, NFA |
| 🌐 Countries not accepted for trade | Canada |
| 📌 Accounts | The Works account Individual account Joint account Retirement account Corporate account Trust account International account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | No |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | None |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | None |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | ACH Cheque Inter-broker transfers Bank Wire Transfers |
| 💳 Withdrawal Options | ACH Cheque Inter-broker transfers Bank Wire Transfers |
| 📊 Platform Types | tastyworks web-based, desktop and mobile trading platform |
| 📶 OS Compatibility | Windows, web browsers, iOS, and Android |
| 📈 Tradable assets offered | Stock options Stocks Futures Micro Futures Small Futures |
| 💬 Languages supported on Website | English |
| 💬 Customer Support Languages | English |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Choose your quick section of our TastyWorks below.
TastyWorks Fees, Spreads and Commissions – 8 key point quick overview:
TastyWorks At a Glance- TastyWorks Overview
- TastyWorks Additional Trading Fees
- TastyWorks Broker Fees
- TastyWorks Customer Reviews
- TastyWorks Pros and Cons
- TastyWorks Conclusion
- Frequently Asked Questions
TastyWorks Overview
There is no indication on the TastyWorks website of any spread list.
However, the broker provides a detailed list of commissions that traders can expect when trading with TastyWorks as follows:
- All stock option trades will incur a $0.10 fee per contract.
- The first stock bought or sold will have a $1 fee to open the contract.
- Equity option commissions are charged and capped at $10 per leg.
- On all stocks bought and sold after the first, there will be a clearing fee of $0.0008 per share.
- All futures options trades have a clearing fee of $0.30 per contract along with exchange fees and an NFA fee.
- Options on Micro Futures have a fee of $1.50 to open a contract.
- Cryptocurrencies – 1% to open and close, with commissions capped at $10 per order ticket.
- Options on futures have a $2.50 fee to open a contract.
- All future option trades on micro futures incur a fee of $0.30 per contract along with exchange fees and an NFA fee.
- Futures have a $1.25 fee to open and close a contract, with all futures contracts incurring a clearance fee of $0.30 per contract along with exchange fees and an NFA fee.
- Small Futures incur a $0.25 fee to open and close a contract, with all small futures incurring a clearance fee of $0.05 per contract along with exchange fees and an NFA fee.
- Micro Futures incur a $0.85 fee to open and close a contract.
TastyWorks Additional Trading Fees
There is no indication on the broker’s website whether traders are subjected to overnight fees or swap fees. Neither does TastyWorks make provision for an Islamic Account for Muslim traders.
Additional fees that can be expected are margin rates that depend on the trading account balance where lower balances are subjected to higher rates. These rates are from 5.00% up to 8.00%.
The broker also charges trade processing fees as well as single-listed Exchange Proprietary Index Options Fees which start from $0.04 per contract up to $0.65.
Tastyworks does not offer spread betting and thus spread betting fees do not apply.
TastyWorks Broker Fees
Broker fees that traders can expect to pay with TastyWorks Commissions are related to mailing fees, as well as deposit fees and withdrawal fees. The amount will depend on the method of payment chosen and if the funds are transferred locally or internationally.
TastyWorks Customer Reviews
Tastyworks is by far the best trading platform
Tastyworks is by far the best trading platform for anyone, novice or pro. I’ve been with them since their inception. Also, and of great importance, these days, is their support team. It is the most knowledgeable in the business. My question and concerns are answered quickly.
Incredible customer support, transparency
I have needed help on a few different things – PDT maintenance call, the platform, funding a second account, etc. Tastyworks’ customer service is incredible. They also went out of their way to explain why certain securities were set to close trades only.
I’d like to point out that I had a…
I’d like to point out that I had a question concerning interest that I thought was unfairly charged to my Tastyworks IRA. My email to their help desk received IMMEDIATE attention from Stephen who provided a clear and detailed explanation of what happened. He also provided even more detail to a follow-up question.
I know, from experience, that my other, much larger, the online broker would have taken at least 24 hours to research and respond.
Thank you.
TastyWorks Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers competitive fees | Clients from Canada not accepted |
| Offers margin and cash trading | No demo account |
| Offers various account types | No Islamic Account |
| Regulated through FINRA and NFA | No MetaTrader 4 |
| Offers competitive and attractive trading conditions | No negative balance protection offered |
| Provides a 45-minute interactive demonstration | Not suitable for beginner traders |
| Does not indicate any overnight fees | No welcome bonus, deposit bonus, or sign-up bonus offered |
| Spreads are not charged | No referral bonus offered |
| The proprietary trading platform offered across multiple devices | No trading bonus for loyal customers |
| Demo account not provided | |
| Commission charged are high | |
| Does not support online payment processors | |
| Multiple trading and non-trading fees | |
| No forex, CFD or cryptocurrency trading |
TastyWorks Conclusion
Overall, TastyWorks Fees, Spreads and Commission vary according to the account type the trader uses. TastyWorks spread list starts from 0.00 pips. There is no leverage range. Standard lot sizes and commissions are determined by the account selected. With a minimum deposit that is $0.00 USD / R0.00 ZAR.
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Frequently Asked Questions
How does the trading cost of TastyWorks compare to their competitors in the market?
When compared to their competitors, the trading cost of TastyWorks can be described as low.
How much are the wire fees for TastyWorks?
The fee for domestic wire transfer is $25 and for international wire a fee of $45 applies.
Does TastyWorks charge a fee to access their platform?
No fee is charged to access the TastyWorks platform
Does TastyWorks charge an account transfer fee?
Yes, an account transfer fee of $75 is charged.
What are the commissions for EFT and stock trades with TastyWorks?
EFT and stock trades with TastyWorks do not incur commission regardless of the amount of shares.
Featured SA Shares Writer and Forex Analyst.
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