Accounts & headline costs
Sections ↑tastytrade is a US multi-asset brokerage centred on options, futures and active strategy analysis. Commissions differ by opening and closing side, while account registration and product approval determine the available strategies. Securities, futures and crypto use different providers and protection arrangements.[1][3][9]
Broker essentials
| Measure | Value | Context |
|---|---|---|
| Securities broker | tastytrade, Inc. | FINRA CRD 277027; the company was previously known as tastyworks.Source 9Source 10 |
| Core platform routes | Desktop, web and mobile | The same product family presents strategy analysis, order chains and portfolio risk tools.Source 4 |
| Account families | Individual, retirement, joint, entity and trust | Availability and permissions differ; entity and trust routes are limited to US applicants.Source 3 |
| Primary product scope | Stocks, ETFs, options, futures, futures options, crypto and selected forex/event routes | Different products can be carried or serviced by different providers.Source 3Source 1 |
| API status | Read/write production API and separate sandbox | Automated trading remains subject to account permissions and API terms.Source 5Source 6 |
Individual brokerage permission sets
| Account configuration | Published permissions | Important restriction |
|---|---|---|
| The Works | Short stock, defined-risk spreads, uncovered options, futures, crypto and forex listed among capabilities | Highest permission set remains approval-based; loss can exceed initial capital.Source 3 |
| Basic | Stocks, ETFs and defined-risk options; no uncovered calls/puts or futures | A different options ceiling from The Works.Source 3 |
| Limited / Cash | Cash-funded trading and lower options permissions | No margin borrowing; settlement and good-faith rules remain relevant.Source 3 |
| Retirement | Traditional, Roth, SEP and beneficiary IRA routes | Product permissions and withdrawal/tax rules differ from taxable accounts.Source 3 |
| Joint / entity / trust | Special ownership structures | Application, documents and eligibility vary; entity/trust route is US-only.Source 3 |
Products & platforms
Sections ↑The platform now also exposes programmatic routes: a read/write API, a sandbox and a self-hosted Model Context Protocol server. Those tools expand what software can do with an account, but they do not relax the broker’s permissions or the requirement to confirm a consequential order before it is sent.[5][6][7]
Interface and workflow routes
| Route | Published functionality | Control point |
|---|---|---|
| Desktop | Strategy Builder, order chains, risk analysis, backtesting and advanced multi-leg order entry | Designed for active strategy construction.Source 4 |
| Web | Browser access to portfolio and order workflows | Feature set should be checked against desktop for the intended task.Source 4 |
| Mobile | Position monitoring and mobile order entry | Smaller interface changes how complex strategies are reviewed.Source 4 |
| Open API | Read/write access to accounts, orders, instruments and market data | Authentication, rate limits and order validation sit outside the visual platform.Source 5Source 6 |
| MCP server | Self-hosted open-source server with 84 tools described | Dry-run-first confirmation is a design aid, not permission for unsupervised general trading.Source 7 |
API and agent safeguards
| Control | Documented or recommended function | Why it matters |
|---|---|---|
| Separate sandbox | Test integration without a live brokerage account action | A sandbox result does not establish production fills or data availability.Source 6 |
| Dry-run first | Preview an order before submission | Shows symbol, quantity, side and expected instruction for review.Source 7 |
| Account permission check | Broker approves products and strategies independently | An API key cannot grant an option or futures permission the account lacks.Source 5Source 3 |
| Self-hosted MCP | Operator controls the server environment | The operator still protects credentials, logs and downstream access.Source 7 |
| Durable receipt | Retain order ID, status and rejection reason | A model saying “done” is not evidence that the broker accepted or filled the order.Source 5 |
Fees & holding costs
Sections ↑Published headline commissions
| Product | Open | Close |
|---|---|---|
| Stocks and ETFs | USD 0 | USD 0Source 1Source 2 |
| Stock and ETF options | USD 1 per contract; USD 10 maximum per leg | USD 0 commissionSource 1Source 2 |
| Broad-based index options | USD 1 per contract | USD 0 commissionSource 1Source 2 |
| Futures | USD 1 per contract | USD 1 per contractSource 1Source 2 |
| Micro futures | USD 0.75 per contract | USD 0.75 per contractSource 1Source 2 |
| Options on futures | USD 1.25 per contract | USD 1.25 per contractSource 1Source 2 |
| BTC / ETH crypto | 0.75% of purchase | 0.75% of saleSource 1Source 2 |
| Other supported crypto | 1% of purchase | 1% of saleSource 1Source 2 |
The options cap applies per leg, not per complete strategy. Ten contracts of a two-leg stock-option spread can reach USD 20 of opening commission before clearing and regulatory charges; the close commission is zero, but the closing trade still carries applicable external fees.[1][2]
Margin interest schedule
| Debit balance | Published annual rate | Basis |
|---|---|---|
| USD 0–24,999 | 11.00% | Base rate plus 1.00%Source 2 |
| USD 25,000–49,999 | 10.50% | Base rate plus 0.50%Source 2 |
| USD 50,000–99,999 | 10.00% | Base rateSource 2 |
| USD 100,000–249,999 | 9.50% | Base rate minus 0.50%Source 2 |
| USD 250,000–499,999 | 9.00% | Base rate minus 1.00%Source 11 |
| USD 500,000–999,999 | 8.50% | Base rate minus 1.50%Source 11 |
| USD 1,000,000+ | 8.00% | Base rate minus 2.00%Source 2 |
The published schedule also charges US$0.10 per stock-option contract for clearing, US$0.0008 per whole share and US$0.10 per fractional-share transaction. Thus zero stock commission is not zero transaction cost. Micro-futures options cost US$0.75 per side plus the separately listed clearing/exchange charges. The July schedule’s footnote explicitly suspends FINRA TAF from 1 October through 31 December 2026.[11]
Deposits, withdrawals & transfers
Sections ↑Funding and account administration
| Method / event | Published treatment | Scope |
|---|---|---|
| ACH | No tastytrade banking fee | Availability and settlement depend on the linked US bank and account.Source 8Source 2 |
| Outgoing domestic wire | USD 25 | Published in the July 2026 fee schedule.Source 2 |
| Outgoing foreign wire | USD 45 | Separate from currency or intermediary-bank charges.Source 2 |
| Outgoing ACAT | USD 75 | Charged for an outbound brokerage transfer.Source 2 |
| IRA close | USD 60 | Annual IRA maintenance is shown as free.Source 2 |
| Cards / PayPal | Not accepted as account funding routes | The support article directs clients to ACH, wire, check or ACAT.Source 8 |
The funding-timeline help page states that an ACH deposit needs five business days to settle before it can be internally moved or withdrawn back to its originating bank. That withdrawal restriction is separate from any earlier buying power shown in the trading screen. A sale also creates its own settlement requirement.[12]
Protection & regulation
Sections ↑Product provider and protection boundaries
| Product relationship | Provider / status | Protection boundary |
|---|---|---|
| US securities account | tastytrade, Inc. | FINRA/SIPC broker-dealer relationship; SIPC does not protect market value.Source 9Source 10 |
| Futures | tastytrade futures relationship / clearing arrangements | Futures balances are outside SIPC and subject to commodity-account rules.Source 1Source 2 |
| Cryptocurrency trading | Zero Hash Liquidity Services LLC | Crypto assets are not SIPC or FDIC protected.Source 1Source 2 |
| Cryptocurrency custody | Zero Hash LLC | A separate custody provider named by tastytrade.Source 1Source 2 |
Structured entity reference
| Entity | Jurisdiction / reference | Role |
|---|---|---|
| tastytrade, Inc. | United States; FINRA CRD 277027 | Securities broker-dealer and the primary public brand entity.Source 10Source 9 |
| Zero Hash Liquidity Services LLC | United States MSB disclosure | Crypto trade provider named on the pricing page.Source 1 |
| Zero Hash LLC | United States custody disclosure | Crypto custodian named on the pricing page.Source 1 |
- Headquarters
- Chicago, Illinois, United States
- Founded
- Founded as tastyworks in 2017; renamed tastytrade
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
tastytrade, Inc.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Industry Regulatory Authority277027 | Registered | Checked 9 Oct 2026FINRA BrokerCheck CRD for tastytrade, Inc.; securities registration does not cover the separate crypto provider or establish product suitability.Source 10Source 2 |
Opening an account & support
Sections ↑Account and fee questions can be sent to [email protected], the contact stated in the published commission schedule. Platform problems and funding questions use the separate Help Center; an order preview or a support enquiry does not itself cancel an accepted order.[11]
Additional Information
Sections ↑tastytrade’s distinctive question is not simply whether one trade has zero commission. It is whether the chosen account permission, multi-leg charging rule, external fees, margin rate and product provider match the strategy being placed—and whether any API or agent produces a reviewable order before it reaches the market.
Sources & further reading
- Options, futures, stock and crypto commissions tastytrade · Accessed 9 Oct 2026
- Commissions and Fees schedule, updated 30 July 2026 tastytrade · 30 Jul 2026 · Accessed 9 Oct 2026
- Brokerage account types and permission levels tastytrade · Accessed 9 Oct 2026
- tastytrade platform and trading tools tastytrade · Accessed 9 Oct 2026
- Open trading API tastytrade · Accessed 9 Oct 2026
- Developer portal and sandbox tastytrade · Accessed 9 Oct 2026
- Self-hosted tastytrade MCP server tastytrade Developer Portal · Accessed 9 Oct 2026
- Depositing funds into tastytrade tastytrade Support · Accessed 9 Oct 2026
- About tastytrade and company disclosure tastytrade · Accessed 9 Oct 2026
- FINRA BrokerCheck: tastytrade, Inc., CRD 277027 FINRA BrokerCheck · Accessed 9 Oct 2026
- tastytrade commissions, clearing, margin tiers and Q4 TAF footnote tastytrade · Accessed 15 Oct 2026
- Funding timelines: ACH withdrawal settlement tastytrade · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.