US-regulated multi-asset brokerage offering capped-fee options, futures, and partner-based crypto trading
tastytrade is an online retail brokerage tailored for active derivatives traders, combining stock, ETF, futures, options, prediction markets, and cryptocurrency trading in a single environment. Equity options trading uses a capped fee structure of $1.00 per contract to open with a maximum cap of $10 per leg and $0 to close.
The platform was established in 2017 as tastyworks by Scott Sheridan and Tom Sosnoff, both previously known for co-founding thinkorswim. In June 2021, London-based IG Group acquired the brokerage alongside financial media affiliate tastylive in a $1 billion transaction. In February 2023, the brokerage officially rebranded from tastyworks to tastytrade. The business is based in Chicago, Illinois, with an operating team of roughly 265 employees.
tastytrade delivers direct execution for equities, standard futures, micro futures, and multi-leg option combinations. The brokerage interface provides built-in options strategy presets, real-time risk analysis tools, backtesting capabilities, and order chains to monitor rolled positions. Cryptocurrency trading and custody are not handled directly by tastytrade; instead, trades and storage run through third-party partners Zero Hash Liquidity Services LLC and Zero Hash LLC.
Stock and ETF transactions incur $0 in commissions. Options on stocks and ETFs cost $1.00 per contract to open, capped at $10 per leg, and $0 to close. Index options also cost $1.00 per contract to open and $0 to close. Standard futures incur $1.00 per contract both to open and close, while micro futures cost $0.75 per contract per side. Options on futures cost $1.25 per contract to enter and exit. Account funding is supported via ACH, wire transfers, and ACAT transfers.
tastytrade is a registered broker-dealer regulated by the SEC and FINRA, and holds membership in SIPC. Regulatory actions include a $30,000 FINRA fine in January 2024 for supervision deficiencies regarding employee outside accounts, followed by a censure and $200,000 fine in January 2026 over customer complaint reporting from 2020 to 2023.
Because tastytrade routes digital assets through Zero Hash, cryptocurrency holdings fall outside FINRA and SIPC insolvency protections. Users face centralized counterparty custody exposure on crypto balances rather than self-custody or native on-chain settlement.
Co-founder of thinkorswim.
Co-founder of thinkorswim.
tastytrade offers advanced derivatives execution with capped options fees, but crypto trading relies on third-party custody and excludes SIPC protection.
Founded in 2017 as tastyworks by thinkorswim creators Scott Sheridan and Tom Sosnoff, tastytrade is an established US retail brokerage subsidiary of IG Group. It provides execution for options, futures, stocks, prediction markets, and spot cryptocurrencies. Pricing on options is straightforward: opening contracts cost $1.00 each, capped at $10.00 per leg, while closing contracts carry no commission.
For crypto clients, tastytrade routes trades and custody to Zero Hash rather than handling them directly on-chain. This setup comes with distinct trade-offs:
Account funding supports ACH and wire transfers, with complete KYC required before transacting. tastytrade suits active derivatives traders who want combined access to options and crypto exposure from a single interface. Dedicated crypto market participants requiring on-chain withdrawals or native self-custody should choose a dedicated exchange instead.
| Markets | Spot, Futures, Options, Margin · unverified |
|---|---|
| Fiat deposit methods | Bank transfer, ACH · unverified |
| KYC required ⓘ | Yes · unverified |
| Accepts US customers | Yes · unverified |
| Proof of reserves | No · unverified |
| Staking / earn | No · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | FINRA, SEC, NFA, SIPC, ASIC · unverified |
| Security features | Two-factor authentication, Real-time monitoring, SIPC coverage · unverified |
| Futures & perpetuals | Yes · unverified |
| Copy trading | No · unverified |
| P2P market | No · unverified |
| Earn / savings products | No · unverified |
| User protection fund | No · unverified |
| Referral program | Yes · unverified |
Not disclosed by the provider: Maker fee, Taker fee, Coins listed, Max leverage (x).
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Opening options contracts cost $1.00 each with a cap of $10 per leg, while closing contracts carry $0 commission.
Traders can access standard futures contracts at $1.00 per side and micro contracts at $0.75 per side.
Cryptocurrency trading and asset custody are facilitated through external partner Zero Hash.
The platform tracks complex multi-leg options structures from entry to exit, including rolled positions.
Simulates historical trade outcomes using more than 10 years of data alongside portfolio volatility stress testing.
Offers retail access to CFTC-regulated event contracts tied to economic events, interest rates, and macro data.
Executes single and multi-leg equity and index options with preset strategies, backtesting tools, and order chain monitoring.
Provides direct market access to standard futures contracts, micro futures, and options on futures.
Offers zero-commission equity trading for US-listed stocks and exchange-traded funds.
Enables retail digital asset trading and custody powered through partner provider Zero Hash.
Allows trading of event-based contracts tied to macroeconomic indicators, economic data releases, and benchmark indices.
Tastytrade is highly regarded as an effective platform for trading options and futures, though users frequently criticize recent mobile app updates that disrupted navigation and caused performance bugs. Additional complaints focus on poor order fills, platform lag during active trading, and unhelpful or slow customer support.
“5 stars! Best trading app for option sellers hands down.”
“Futures trading TastyTrade is the best platform for futures traders, and Options on futures trading. Their customer service is always helpful, and their fees are reasonable.”
“I will never again use Robinhood for anything but a quick look at stock price action "their UI lets me see what is going way more easily than my broker". Honestly I don't know why anyone still trades with them. I use Tastytrade.com and their customer service is top notch.”
“This latest update sucks big time This latest update sucks big time and it’s missing navigation bar from trading tab… you have to click 3-4 steps to navigate between accounts, positions, trade… this is really terrible and I wish I can go back to previous version. I hate to use to this app.”
“Trading restrictions on many stocks I actually like the app and everything works well for me, except for the restrictions they place on trading many stocks that are otherwise perfectly tradable. It’s frustrating because no other broker does this—examples include WEX, LKQ, and many others.”
“Tastytrade lags and my stupid fear because of it So I day trade options and recently started becoming profitable. I use Tastytrade and lately the platform has been lagging/crashing sometimes.”
Based on 100 Reddit posts and comments, 50 App Store reviews from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
No user reviews yet. Have you used tastytrade? Share your experience below.
Scott Sheridan and Tom Sosnoff founded the brokerage in 2017 as tastyworks. Both founders previously established thinkorswim before selling it to TD Ameritrade.
Cryptocurrency trading and custody services are provided through a partnership with Zero Hash. tastytrade does not provide direct crypto custody, and digital assets are not protected by SIPC insurance.
Stocks and ETFs carry zero commission. Options on stocks and ETFs cost $1.00 per contract to open, capped at $10.00 per leg, with no fee to close.
FINRA fined tastytrade $30,000 in January 2024 for supervision lapses regarding employee accounts, followed by a $200,000 fine in January 2026 regarding the handling of customer complaints.
Yes. As a registered US broker-dealer regulated by FINRA and the SEC, tastytrade requires full identity verification to open individual or joint accounts.
Recent public posts from @tastytrade, shown as published. Not reviewed or endorsed by CryptoReview.
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