If you are an active trader, especially if you are into options trading, Tastytrade is one of the best platforms for doing so.
They are designed for active traders so the emphasis is on features that you’ll need.
This includes an emphasis on speed and tools for the active trader, like quick trades, quick trade adjustments, data, and more.
Also, the pricing is very competitive. No commissions on stocks and ETFs, $1 per contract opening commissions ($10 max) and $0 on closing for options on stocks and ETFs. They have $1.25 per contract on futures contracts on both opening and closing.
Best of all, if you’re opening a new account, there’s a very generous bonus available.
Tastytrade Promotion – up to $5,000
To get the bonus, open and fund a new Tastytrade account and transfer in funds to get up to $5,000 in cash. As long as you transfer in at least $5,000, you can get a $100 bonus. The bonus gets higher the more you transfer, though the top tier is a pretty generous percentage.
The referral/promotion code for this offer is “MYNEWBONUS” and you must put it in the Referral Code Field when applying.
The bonus is based on the amount transferred:
| Deposit Amount | Cash Bonus |
|---|---|
| $2,000 – $4,999 | $50 |
| $5,000 – $24,999 | $100 |
| $25,000 – $99,999 | $500 |
| $100,000 – $249,999 | $2,000 |
| $250,000 – $499,999 | $3,000 |
| $500,000 – $999,999 | $4,000 |
| $1,000,000+ | $5,000 |
This is valid for new Tastytrade customers and existing Tastytrade customers as long as they have not yet funded an account. There is a 12-month withdrawal hold on the initial funding amount to retain the cash bonus.
(Offer expires 12/31/24)
Who is Tastytrade?
If you are unfamiliar with the Tastytrade name (or maybe it sounds familiar but you don’t remember it), it’s because they were once known as Tastyworks. They re-branded in early 2023 to the Tastytrade name while keeping everything else the same behind the scenes.
Tastyworks was founded in 2017 by the same team that created thinkofswim in 1999. thinkorswim, if you call, was acquired by TD Ameritrade in 2009. Tastytrade operated as a brokerage for years and only recently was rebranded into Tastytrade.
This is all to say that Tastytrade, in some name or another, has been around for many years.
How does this offer compare?
When it comes to brokerage bonuses, this is one of the most generous. We have it as our top pick for brokerage bonuses. There may be higher bonuses but not any that give you the top amount for a realistic transfer amount.
For example, if you transfer $100,000 into the follow brokerages, here are their bonus amounts:
- SoFi – $500
- M1 Finance – $250
- TradeStation – $300
- Tornado – $300
- E*Trade – $300
The only exception is if you have over $5,000,000 to transfer, then the SoFi ACAT transfer bonus is going to be higher because TastyTrade’s highest tier is at $1,000,000 and above.
Here are the best brokerage offers for those right now:
| Brokerage | Bonus Promotion | Link |
|---|---|---|
| 🏆 up to $5,000 | Learn more |
 | up to 12 free stocks from the Brokerage+ up to $3,000 from Cash Management | Learn more |
 | up to 7 Fractional Shares ($35 value) | Learn more |
 | free stock (valued $5 - $200) | Learn more |
 | Up to $500 cash | Learn more |
 | up to $700 | Learn more |
tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Marketing Agent (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade.
tastytrade was previously known as tastyworks, Inc.
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