BROKERAGE ACCOUNTS

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 $6,000 in tax-deferred earned income may be made annually. 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.

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 Earnings may be withdrawn tax-free and penalty-free for qualified distributions.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.

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.

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.

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.

Find out more about IRA contributions limits

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.

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

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

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

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 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

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

Enable Cryptocurrency Trading