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tastytrade review

Founded 2015 (brokerage entity, formed as tastyworks, Inc.)HQ Chicago, Illinois, USAPlatforms Web, Desktop, Mobile, API

Connect tastytrade

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Direct integration. QuantWheel reads your positions and trades at tastytrade, gives you personalized suggestions and sends the orders you approve to tastytrade.

Fee per contract
$1 open / $0 close
to open a contract
Exercise and assignment
$5
per event
Approval
Naked
up to naked short options
Margin rate
10.00%
on a $50,000 balance
Countries
US residents and listed eligible countries (e.g. UK, Singapore); not Canada; India cash only
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures
  • Spreads in an IRA
  • Portfolio margin
  • Paper trading, not offered
  • 24/7 support, not offered

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only

One cash-secured put1 contract
$1
Ten-lot iron condor40 contracts
$40
Twenty covered calls20 contracts
$20
One turn of the wheelput assigned, call exercised, 2 contracts
$12

Exchange fees and per-order minimums are extra where the fee schedule has them. The wheel row adds the two $5 events.

What tastytrade costs for the way you trade

A year of fees from tastytrade's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
tastytrade standard price$1.93 a trade, 1.6% of your premium
$185 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
16th
Compare every broker for this pattern

QuantWheel

Trade & Sync with QuantWheel

Direct integration. QuantWheel reads your positions and trades at tastytrade, gives you personalized suggestions and sends the orders you approve to tastytrade.

Connect tastytrade

Fees explained

What each line of the fee schedule means for an options order

tastytrade

$1 open / $0 close, charged on each leg. A ten-lot iron condor is 40 contracts, so $40 to open, and the same again if you close it before expiry. The fee stops at $10 per leg. Exchange fees and per-order minimums are extra where the fee schedule has them.

$5 per event, on top of the per-contract fee. A cash-secured put that is assigned costs $5, and the covered call that is later exercised costs $5 again. Closing the option before expiry avoids both. Cost to open

The options agreement approves up to naked short options in a margin account. Spreads are allowed in an IRA. Portfolio margin is offered.

Offered.

What changed at tastytrade

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

tastytrade

Yes, it is Trade & Sync. QuantWheel syncs the account's positions and trades, suggests trades and rolls, and sends the orders you approve to tastytrade. Connect tastytrade

$1 open / $0 close, and $5 per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

US residents and listed eligible countries (e.g. UK, Singapore); not Canada; India cash only, according to tastytrade's own pages. Check with tastytrade before you open an account. Brokers by country

Facts from tastytrade's own fee schedule and options agreement, checked 8 October 2026.