Tastytrade Review 2026

Last updated: February 2026 ยท Options Trading
4.8
โ˜…โ˜…โ˜…โ˜…ยฝ
out of 5
โšก Quick Verdict

Tastytrade is the top choice for anyone serious about options trading. The free-to-close model alone saves active traders hundreds per month. If you're trading more than 10 options contracts per week, this is your platform.

Open Tastytrade Account โ†’
Commissions$1/contract to open, free to close
Min. Deposit$0
Account TypesIndividual, IRA, Joint, Trust
Regulated ByFINRA / SIPC
Best ForActive options traders, covered call sellers, premium sellers

Who Is Tastytrade For?

Active options and futures traders who trade at least weekly. Particularly valuable for covered call sellers, cash-secured put writers, and premium sellers who benefit most from free-to-close pricing.

Pros and Cons

โœ… Pros
+ Purpose-built for options and futures trading
+ Free to close positions (huge for active traders)
+ Superior options analytics and P&L visualization
+ Strong educational content for all skill levels
+ Follow Feed โ€” see what top traders are doing live
+ Tastyworks desktop app is fast and powerful
โš ๏ธ Cons
โˆ’ Not ideal for long-term buy-and-hold investors
โˆ’ No mutual funds or fractional shares
โˆ’ Mobile app less polished than desktop
โˆ’ Limited international stock access
โˆ’ Cash management features are basic

Commissions & Fees

$1/contract to open, free to close
Free to close positions โ€” industry-leading for active options traders

Tastytrade in Depth

Tastytrade was founded by Tom Sosnoff and Tony Battista โ€” the same team that built thinkorswim before selling it to TD Ameritrade. The platform shows its DNA: options analytics are first-class, with probability cones, expected moves, and real-time Greeks displayed prominently. The free-to-close model is transformative for active traders โ€” on a 10-contract position, you save $6.50 every time you close, which adds up to thousands per year. The Follow Feed is a unique social feature that lets you see the live trades of experienced traders in the community. The education library is genuinely deep, covering everything from first options trade to advanced multi-leg strategies.

Ready to open a Tastytrade account?
Takes about 5 minutes. No minimum deposit required on most accounts.
Open Tastytrade Account โ†’

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