Best Online Broker for Options Trading
Best Broker for Options
AUGUST 2022
AUGUST 2022
Bonus Amount
Funding Amount
Get up to $2k.
$100
For a deposit of $5,000 - $24,999
Fund your tastytrade account to get a cash bonus! The more you fund, the more you get!
$500
For a deposit of $25,000 - $99,999
$2,000
For a deposit of $100,000+
Have it all with tastytrade.
RATES
Our customers never pay more than $10 per leg for options since we cap our commissions.
TECHNOLOGY
Our platform is built to deliver fast quotes and fast fills to traders.
INSPIRATION
Our live, in-app video feed lets you watch industry innovators trade, for free, any time the markets are open.
SUPPORT
We're here to help with whatever you need, when you need it, with no upselling guaranteed.
Trade fast.
SEE IT. CLICK IT. TRADE IT.
Fast data and fast fills so you can take advantage of more opportunities. Our no-bloat platform is streamlined for active traders who know that time is money.
Save money.
TRANSPARENT PRICING
Opening Commissions*
Closing Commissions*
*Applicable exchange, clearing, and regulatory fees still apply to all opening and closing trades except for cryptocurrency orders which are not subject to exchange, clearing, and regulatory fees. All futures options and the following index products are excluded from capped commissions: SPX, RUT, VIX, OEX, XEO, DJX, and XSP. See our pricing details here.
Ready to start trading?
Capped commissions
Award-winning platform
All your products in one platform
Support with no upselling
Bonus for opening and funding
In-app video content
Trade on the go.
Now you can hold one of the fastest, most reliable, and most secure trading platforms in the world right in the palm of your hand.
Terms and Conditions
YOUR PARTICIPATION IN THE 2023 TIERED OFFER PROMOTION (“PROMOTION”) SERVES AS YOUR WILLFUL ACCEPTANCE OF AND AGREEMENT TO COMPLY WITH THE TERMS AND CONDITIONS OF THIS PROMOTION. DO NOT PARTICIPATE IN THE PROMOTION IF YOU DO NOT AGREE WITH THESE APPLICABLE TERMS & CONDITIONS.
THE PROMOTION PERIOD
The Promotion begins at 12:00am CT on 09/12/2022 and ends at 11:59pm CT on 03/31/2023 (the “Promotional Period”). Sponsor’s computer is the official clock for the Promotion.
ELIGIBILITY
Qualified Customer and Qualified Accounts
The Promotion is available to (1) all approved new customers (as determined by Tax ID) who fund their tastytrade account with $5,000 USD or more, and (2) existing customers who have never funded any tastytrade account prior to the start of the Promotional Period, and who fund their existing brokerage account with $5,000 USD or more (each, a “Qualified Account”). All approved new customers and existing customers must be legal U.S. residents and ages 18+ as of the date of participation. In order to be eligible for this Promotion, approved new customers must include the Referral Code of “TIERED_2023” in the REFERRAL CODE FIELD when applying for an account, and existing customers must receive an email from Sponsor confirming they are eligible to participate in the Promotion (upon approved new customers entering the Referral Code, or existing customers funding any current account after receiving an email confirmation of eligibility, approved new customers and existing customers shall be referred to herein as a “Qualified Customer.”) The Promotion is not valid for customers who have any existing, funded tastytrade brokerage account prior to the start of the Promotional Period. IRA accounts are not eligible for the Promotion. Only Qualified Customers with Qualified Accounts are eligible for the Cash Bonus. Employees of Sponsor and its affiliates, subsidiaries, divisions, fulfillment and advertising and promotion agencies, their immediate family members (spouse, parent, child, sibling, and their respective spouses, regardless of where they reside), and those living in the same household of each such individual, whether or not related, are not eligible.
The Promotion is not open to persons who reside in any jurisdiction where tastytrade is not authorized to do business, where its products and services would be contrary to the laws, rules, and regulations governing the securities industry, the futures industry, or where otherwise prohibited under the local laws, rules, and regulations of that jurisdiction. The Promotion is not valid for internal transfers, and is not transferable, saleable, or valid in combination with certain other offers.
AWARD DETAILS
The Cash Bonus (“Cash Bonus”) will be credited to a Qualified Customer’s Qualified Account within two (2) weeks from date of the initial deposit of at least $5,000 USD (the “Funds”). The Funds must be deposited as a single transaction prior to the end of the Promotional Period.
The initially deposited funds will determine the Cash Bonus tier:
Each Qualified Customer is limited to a single Cash Bonus.
The initial minimum funding amount of $5,000 USD or more deposited into a Qualified Customer’s Qualified Account is required to remain in the Qualified Account for a minimum of twelve (12) months starting the date the Qualified Account meets the funding minimum (“Twelve Month Period”). The value of Cash Bonus the Qualified Customer receives will be credited to its Qualified Account upon deposit, but will be automatically debited out of the Qualified Customer’s Qualified Account if the Twelve-Month Period requirement is not met. The Cash Bonus will not be included in the Qualified Account’s buying power until the end of the Twelve-Month Period. Losses due to trading or market fluctuations will not be taken into account.
tastytrade may decline requests to enroll in the Promotion at its discretion and reserves the right to change or terminate the Promotion at any time without notice. tastytrade is not responsible for any tax related to this offer, and any related taxes are the sole responsibility of the Qualified Customer. tastytrade recommends that each Qualified Customer consult its tax advisor about the appropriate tax treatment for this offer and any tax implications associated with receipt of the Cash Bonus. Trusts are eligible to participate in the Promotion to the extent permitted by the trust instrument, and such participation is the sole responsibility of the Trustee.
PARTICIPANT DATA AND PRIVACY: Personal information collected in connection with this Promotion will be used in accordance with tastytrade's Privacy Policy.
CONDITIONS OF ENTRY: tastytrade is not responsible for incorrect or inaccurate transcription of entry information, or for any human or printing error in these rules or any promotional materials, technical malfunctions, lost/delayed data transmission, omission, interruption, deletion, defect, line failures of any telephone network, computer equipment, software, or any other error or malfunction, or any injury or damage to participant’s or any other person’s computer related to or resulting from participation in the Promotion. If, in tastytrade's opinion, there is any suspected or actual evidence of electronic or non-electronic tampering with any portion of this Promotion, or if any difficulties compromise the administration, security, fairness, integrity, or proper conduct of the Promotion, tastytrade reserves the right to amend, modify, cancel, or terminate this Promotion, in whole or in part, at any time without notice. In the event of war, national emergency, accident, dangerous weather conditions, fire, riot, strikes, lock-outs, industrial disputes, acts of terrorism, pandemic, or other matters beyond tastytrade's reasonable control, tastytrade has the right, in its sole discretion, to terminate the Promotion. Prompt notice of such action will be made to Qualified Customers. This Promotion offer is not transferable. tastytrade reserves the right to revoke, amend, modify, or extend this Promotion at any time without prior notice.
Caution: Any attempt by a participant or any other individual to deliberately undermine the legitimate operation of the Promotion may be a violation of criminal and civil laws and should such an attempt be made, tastytrade reserves the right to seek damages and/or other remedies from any such person to the fullest extent permitted by law. tastytrade reserves the right to disqualify participants for any reason at any time.
DISPUTES: This Promotion is conducted in English. By participating in the Promotion, Participants agree to release, discharge, indemnify and hold harmless tastytrade, its direct and indirect parent companies, subsidiaries, affiliates, advertising and promotion agencies, and all of their respective officers, directors, members, managers, partners, shareholders, employees and agents (collectively, “Released Parties”) from any liability or damages which may arise out of participation in the Promotion. All applicable federal, state and local laws, rules and regulations apply. Released Parties are not responsible for incorrect or inaccurate transcription of referral information, or for any human or printing error in these Rules or any promotional materials, technical malfunctions, lost/delayed data transmission, omission, interruption, deletion, defect, line failures of any telephone network, computer equipment, software, or any other error or malfunction, or any injury or damage to you or any other person’s computer related to or resulting from participation in the Promotion.
DISPUTE RESOLUTION: The arbitration procedures set forth in your tastytrade Customer Agreement, which are incorporated herein, governs the Promotion.
GOVERNING LAW: All issues and questions concerning the construction, validity, interpretation, and enforceability of these Rules, or the rights and obligations of you and tastytrade in connection with the Promotion, shall be governed by and construed in accordance with the laws of the State of Illinois, without giving effect to any choice of law or conflict of law rules (whether of the State of Illinois, or any other jurisdiction), which would cause the application of the laws of any jurisdiction other than in the State of Illinois.
MISCELLANEOUS: The invalidity or unenforceability of any provision of these Rules will not affect the validity or enforceability of any other provision. In the event that any provision of these Rules is determined to be invalid or otherwise unenforceable or illegal, the other provisions will remain in effect and will be construed in accordance with their terms as if the invalid or illegal provision were not contained herein. tastytrade's failure to enforce any term of these Rules will not constitute a waiver of that provision. You agree to waive any rights to claim ambiguity of these Rules. Headings are solely for convenience of reference and will not be deemed to affect in any manner the meaning or intent of the document or any provision hereof. In the event there is a discrepancy or inconsistency between disclosures or other statements contained in any Promotion materials, privacy policy, or terms of use on the tastytrade.com website, and/or the terms and conditions of the Promotional Rules, the Promotional Rules shall prevail, govern, and control, and the discrepancy will be resolved in tastytrade's sole and absolute discretion.
tastytrade, Inc. (previously known as tastyworks, Inc.) is a registered broker-dealer and member of FINRA, NFA, and SIPC.
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.
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