tastytrade
7.8/10Best for options traders, $1-to-open and $0-to-close pricing
$1 to open and $0 to close per options contract; tastytrade desktop platform free with no subscription tier.
| Plan | Monthly | What you get |
|---|---|---|
| Free | Free | Options-focused with $1-to-open and $0-to-close pricing, plus the tastytrade desktop platform |
| Premium Data | Free | Real-time market data and advanced trading platform desktop and mobile included free |
tastytrade is the options-trader specialist. The pricing model is structurally different: a flat $1 to open and $0 to close per options contract, with a $5 maximum equity options commission per leg. For traders who close positions before expiration, the close-side fee is zero; this saves real money over per-contract brokers like Schwab or Fidelity that charge on both sides.
There is no subscription tier on tastytrade. Both the Free tier and the Premium Data tier are listed at no monthly cost, with real-time market data and the tastytrade desktop platform included. Paper trading and dough.com educational content are also free.
The catch: tastytrade is options-first by design. Stock trading works but the interface is built around options chains, multi-leg spreads, and volatility analysis. If you mostly trade stocks and ETFs, the UX is harder than Robinhood or Webull. Crypto and futures are supported, but bonds and alternatives are not. tastytrade was acquired by IG Group in 2021 for $1 billion and has stayed operationally independent under IG ownership.
Pros
- $1 to open and $0 to close per options contract
- $5 maximum equity options commission per leg
- tastytrade desktop platform plus paper trading included free
- Futures and micro futures support alongside options
- No subscription tier; no recurring monthly fee
Cons
- Options-first UX is harder for stock-only traders
- No bond trading or alternative assets
Best for: Options traders who want $1-to-open and $0-to-close per contract pricing. tastytrade desktop platform is free; no subscription tier required.
- Fees
- 8
- Execution
- 9
- UX
- 6
- Value
- 9
- Support
- 8