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Saxo vs tastytrade
The same facts side by side. Swap a broker from the menu under its logo; the best value in each row is marked.
- Saxo leads
- 1
- tastytrade leads
- 3
- Level
- 6
Of 10 scored facts, Saxo leads on 1, tastytrade on 3, and 6 are level. Countries and the offer are not scored.
Head-to-head
The best value in each row is marked; rows where every broker matches carry no mark.| Fact |  Saxo |  tastytrade |
|---|---|---|
| Fee per contract | Indicative US$2 per contract | $1 open / $0 closeBest |
| Saxo, Rates depend on residence and account tier | tastytrade, $10 opening cap per leg; other fees apply | |
| Exercise and assignment | Not published | $5 |
| Approval | Naked | Naked |
| Saxo, Up to naked short options | tastytrade, Up to naked short options | |
| 0DTE | Yes | Yes |
| Index options (SPX) | Yes | Yes |
| Options on futures | Yes | Yes |
| Spreads in an IRA | Not published | Yes |
| Portfolio margin | No | YesBest |
| Margin rate | Not published | 10.00% |
| Platforms | Web, Desktop, Mobile, API | Web, Desktop, Mobile, API |
| Paper trading | YesBest | No |
| 24/7 support | No | No |
| Countries | Residents of countries on Saxo's account form (42 listed, not the US) | US residents and listed eligible countries (e.g. UK, Singapore); not Canada; India cash only |
| QuantWheel | Not connected | Trade & SyncBest |
| tastytrade, Reads the account and places the orders you approve | ||
| Offer |
Facts from each broker's fee schedule and options agreement, checked 8 October 2026. Best marks the lowest cost or the widest allowance in a row.
The two brokers
One paragraph each.SaxoIndicative US$2 per contract · exercise fee not published · naked
Saxo opens options accounts for residents of Germany, among the 9 countries this directory covers. It charges Indicative US$2 per contract (Rates depend on residence and account tier). It does not publish its exercise and assignment fees. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. It is not connected to QuantWheel.
tastytrade$1 open / $0 close · $5 per event · naked
tastytrade opens options accounts for residents of the United States, the United Kingdom, Germany, Singapore, Mexico and Brazil, among the 9 countries this directory covers. It charges $1 open / $0 close ($10 opening cap per leg; other fees apply). Exercise and assignment cost $5 each. It approves up to naked short options. It trades on Web, Desktop, Mobile, API. QuantWheel syncs positions and trades from the account and suggests; with Trade & Sync the orders you approve go to the broker from QuantWheel.
What each costs for the way you trade
A year of fees from each broker's published prices, checked 7 and 8 October 2026.
- Saxo$2.80 a trade, 3.1% of your premium, fee not published
- $353 a year
- tastytrade$1.93 a trade, 1.6% of your premium
- $185 a year
at least $167 a year less at tastytrade
Not counted because Saxo does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, assignment fee.
Estimates from published fees. Your broker statement can differ, and brokers change fees. A fee a broker does not publish is never counted as $0.
Questions people ask
Saxo vs tastytrade