STANDARD BROKERAGE ACCOUNTS

A standard brokerage account is the most common account type that offers margin, options & futures trading, and more. Learn more about each account type below.

1. INDIVIDUAL ACCOUNT

As the name suggests, an individual account only has one account owner, and is available in cash or margin. Margin accounts provide leverage and greater flexibility in trading different strategies and products. Please see Trading Permissions for further detail and apply for a trading level that best aligns with your financial goals and risk tolerance.1

2. TENANTS IN COMMON (TIC) JOINT ACCOUNT

Tenants in common is a joint account in which two owners have a specific percentage of the account's assets determined by the owners themselves. If an account owner dies, the deceased owner’s assets are passed onto the person’s estate. Both cash and margin are available for this account.

3. JOINT WITH RIGHTS OF SURVIVORSHIP ACCOUNT

This account can be used when two owners have equal share of assets. If one owner dies, the surviving owner will have full rights to the account. Choose cash or margin when applying.

Learn more about brokerage accounts

RETIREMENT ACCOUNTS

Take an active approach to your retirement with an IRA3. Choose from one of the available retirement accounts below and take advantage of potential IRA tax benefits.

Learn more about IRAs and how to open an account

1. TRADITIONAL IRA

The traditional IRA is a retirement account eligible for persons with earned income or who file a joint return with a spouse who earns income. Allowable contributions of $6,500 in tax-deferred earned income may be made annually for those who qualify. Typically, earnings grow tax deferred and are taxed at your ordinary tax rate upon withdrawal once the age requirement is met. Early withdrawal penalty may apply. Please speak to a tax professional for further detail and tax advice.

External retirement accounts like a 401k can be moved to a tastytrade IRA as well. This way, you can decide how to invest your retirement funds. You can roll over your employer-based retirement account to a traditional or Roth IRA based on your plan’s specifications.

Learn what a traditional IRA is and how to open one

2. ROTH IRA

The Roth IRA is an individual retirement account eligible for persons with earned income. After-tax contributions are made, and they are available to withdraw tax-free and penalty-free at any time. Contribution limits are determined by the IRS and are subject to change on a yearly basis. Earnings may be withdrawn tax-free and penalty-free for qualified distributions. Please speak to a tax professional for further detail and tax advice.

External retirement accounts like a 401k can be moved to a tastytrade IRA as well. This way, you can decide how to invest your retirement funds. You can roll over your employer-based retirement account to a Traditional or Roth IRA based on your plan’s specifications.

Learn what a Roth IRA is and how to open one

3. SEP-IRA

The SEP-IRA is an individual retirement account eligible for self-employed individuals and small business owners or employees. Typically, earnings grow tax-deferred and are taxed at your ordinary tax rate upon withdrawal when eligible. Please speak to a tax professional for further detail and tax advice.

Learn what a SEP-IRA is and how to open one

4. BENEFICIARY TRADITIONAL IRA

The beneficiary traditional IRA is a retirement account that is opened when a designated beneficiary inherits an IRA after the original owner is deceased.

Qualifying contributions are generally made with "before tax" money, profits grow "tax-deferred", and qualifying withdrawals are taxed at your ordinary income rate. Please speak to a tax professional for further detail and tax advice.

5. BENEFICIARY ROTH IRA

The beneficiary Roth IRA is a retirement account that’s opened when a designated beneficiary inherits a Roth IRA after the original owner is deceased. It’s similar to the original Roth IRA. A benefit of this account is the required minimum distributions are generally tax free. Please speak to a tax professional for further detail and tax advice.

Learn how to open an IRA

ENTITY

CORPORATE

Corporate accounts are opened on behalf of a legally established US entity.

We currently offer the following corporate accounts:

  • C Corp - C Corporations are established legal entities that have been authorized by a US state to conduct business. C Corps pay income taxes at the corporate level.
  • S Corp - S Corporations are established legal entities that have been authorized by a US state to conduct business. S Corps do not pay income taxes at the corporate level and have no more than 100 shareholders.
  • LLC - A Limited Liability Company (LLC) is an unincorporated legal entity that provides limited liability to its owners and a pass-through income tax status.
  • Partnership accounts - A Partnership is a legally established entity consisting of two or more individuals. Partnerships do not pay income taxes; profits and losses are passed through to the individual partners.

Please speak to a tax professional for further detail and tax advice for entity accounts.


TRUST

A trust account can be opened on behalf of a revocable trust or an irrevocable trust. A copy of the Certificate of Trust and Investment Powers must be provided at account opening.

Complete the form

INTERNATIONAL

From a basic cash account, you can upgrade to trade on margin, trade options, futures and more by applying for additional trading permissions.5 Learn more about the details below.

TRADING PERMISSIONS

From a basic cash account, you can upgrade to trade on margin, trade different options strategies, futures and more by applying for additional trading permissions.5 Learn more about the details below.

MARGIN TRADING

Increased buying power isn’t the only benefit of trading on margin. Other benefits include access to more financial products and trading strategies.1 Learn more about the types of strategies and products you can trade with a margin account.

Our most flexible margin account for active retail traders is called ‘The Works’.

  • Access to trade all available products:
    • Stocks/Exchange Traded Funds (ETFs)
    • Covered and uncovered options
    • Covered and uncovered option spreads
    • Futures
    • Options on futures
  • Access to use any options strategy available on the tastytrade platform
  • Portfolio margin available for accounts with appropriate suitability.2 Learn More


OPTIONS TRADING

There are three levels of options trading- Limited, Basic, and The Works. Please see the link below for a full breakdown of the different levels.

Trading Levels and Permissible Strategies

How To Upgrade Your Trading Level


FUTURES TRADING

You must have ‘The Works’ in order to trade futures at tastytrade.  

Learn how to enable futures trading when you have ‘The Works’ 


PORTFOLIO MARGIN TRADING

Portfolio margin offers the highest leverage for retail traders. It allows up to 6.7 times the buying power for eligible products compared to twice the buying power in a standard margin account. Individual, joint, international, and entity (LLC, S-Corp, C-Corp, Partnership) margin accounts with ‘The Works’ approval can apply for portfolio margin when the funding requirement is met.

Learn more about portfolio margin and its requirements2


CRYPTO TRADING

Only individual accounts can trade cryptocurrencies at this time. Log in to your account to enable cryptocurrency trading.  

Enable Cryptocurrency Trading 

WHY OPEN AN ACCOUNT WITH US?

EFFORTLESS ACCOUNT MANAGEMENT

Access your statements, security preferences, account transfers, communications, and more in one easy management portal

SECURE PLATFORM WITH INTERFACE FLEXIBILITY

Benefit from trading on a reliable platform with innovative features to keep you on top of market conditions

TRANSPARENT COMMISSIONS AND FEES

Take advantage of low rates to open and close trades and make your capital go further

WIDE RANGE OF FINANCIAL PRODUCTS

Access options, futures, stocks, crypto and exchange traded funds all on one platform

AWARD-WINNING PLATFORM

Start or continue your trading journey with an award-winning platform with the best online broker in America6

DIFFERENT TRADING LEVELS

Select the appropriate account type for your financial goals and apply for the trading level suitable for your investment objectives, financial standing, and risk tolerance


FAQs

What is a margin account?

A margin account enables account owner to trade marginable securities and other eligible products on borrowed funds from the brokerage firm. The borrowed funds, also known as credit or loan, are based on the qualifying assets in the brokerage account which serve as collateral.

What’s the minimum deposit?

There are no minimum deposits needed to open and maintain an account at tastytrade. However, if you want to trade with margin privileges, you’ll need a margin account with a minimum account balance of $2,000.

Learn how to fund your tastytrade account

HOW DO I ROLL OVER A 401(k)?

You can transfer an existing employer-based retirement account to tastytrade using the steps below:

  1. Open a tastytrade IRA
  2. Contact the institution that holds the account to initiate the rollover 
  3. The institution needs to make a check payable to Apex Clearing Corporation FBO 
  4. Mail the check to: tastytrade, 1330 W. Fulton Market Suite 600, Chicago, IL 60607
How long does it take to open a tastytrade account?

Standard domestic account application process takes about 1 to 3 business days. Any issue in the application may delay this processing time. The Accounts team will reach out via email for any application related issues with the appropriate instructions to follow.

International account processing takes around 5 to 7 business days when all required information is provided.

Where can I download or access the platform?

You can access the tastytrade platform on a desktop, browser or mobile phone.

desktop screen
Desktop

Trade smarter with our innovative trading software in desktop format for easy and fast access

laptop
Browser

Switch seamlessly between devices with the browser version, just enter your login details

mobile device
Mobile

Access our platform on the go with the tastytrade mobile app

1Trading in a margin account is not suitable for all investors. It is important that investors understand the risks involved in trading securities on margin prior to investing in a margin account. Please read the Margin Disclosure Statement here.
2Although portfolio margin allows for greater margin flexibility, increased levels of leverage can result in accelerated gains or losses. Portfolio margin isn’t suitable for all investors.
3The following are not permissible in an IRA: overnight leverage and borrowing, short selling stock, cryptocurrency trading, portfolio margin.
4tastytrade’s website and brokerage services are not intended for persons of any jurisdiction where tastytrade is not authorized to do business or where such products and other services offered by tastytrade would be contrary to the securities regulations, futures regulations, or other local laws and regulations of that jurisdiction.
5Account and trading permissions are subject to tastytrade’s suitability requirements and approval.
6Named the Best Online Broker by Investor’s Business Daily (IBD) in its ninth annual survey.

All investments involve risk of loss. Please carefully consider the risks associated with your investments and if such trading is suitable for you before deciding to trade certain products or strategies. You are solely responsible for making your investment and trading decisions and for evaluating the risks associated with your investments.

CRYPTOCURRENCY DISCLAIMER

Cryptocurrency transactions and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. When you enable cryptocurrency trading access on your tastytrade account, you must also agree to the Zero Hash LLC and Zero Hash Liquidity Services LLC terms and conditions and enable your Zero Hash account. Cryptocurrency assets are held and custodied by Zero Hash LLC, not tastytrade. Services may not be available in all states. Cryptocurrency assets are not subject to FDIC or SIPC coverage. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero. Zero Hash LLC is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Cryptocurrency trading is not yet available for customers who reside in Hawaii.

TASTYTRADE, INC. IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.


tastytrade, Inc. (“tastytrade”) does not provide investment, tax, or legal advice. tastytrade’s website and brokerage services are not intended for persons of any jurisdiction where tastytrade is not authorized to do business or where such products and other services offered by the tastytrade would be contrary to the securities regulations, futures regulations or other local laws and regulations of that jurisdiction. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). All customer futures accounts’ positions and cash balances are segregated by Apex Clearing Corporation. Futures and futures options trading is speculative and is not suitable for all investors. Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products.

Cryptocurrency transaction and custody services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC. Cryptocurrency assets are held and custodied by Zero Hash LLC, not tastytrade. Services may not be available in all states. Cryptocurrency assets are not subject to Federal Deposit Insurance Corporation (FDIC) or Securities Investor Protection Corporation (SIPC) coverage. Cryptocurrency trading is not suitable for all investors due to the number of risks involved. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.

tastytrade, Inc. was formerly known as tastyworks, Inc.

Copyrights, logos, and trademarks are property of tastytrade, Inc. All rights reserved. tastytrade, Inc., member
FINRA | SIPC | NFA