tastytradeReviews of tastytrade.com

A firm that prematurely closes out long option positions. Beware if you want to make money as these guys will take action before a market closes even on long positions that pose absolutely zero risk to them! Only positive thing to say about them is fills are decent. But that doesn’t make up for an incompetent risk department! My guess is they’ll say something like “our risk team takes into account whether the account can handle an assignment and will liquidate accordingly.” Were that to be true, why would they close an order to sell a 0dte long option literally within minutes of opening it?! I would take your business elsewhere to a broker that allows you to trade as you see fit when there is zero risk to them on your positions.

Their customer service has the worst attitudes of all the other platforms. Very knowledgeable once they get pass their attitudes. I hesitate to call sometimes, hopefully to can get more customer service training.

I was told that they were going to remove any margin given to avoid charges on a cash transaction by their customer service team. But this was not done and it this ended up costing me my account. Terrible customer service.. You did told me that you have amended my leverage/margin but you did not do it. Please avoid this platform. Too risky.

Force closing positions which have according to your own platform less than 1% chance of being anywhere close to money is not "managing risk"; it is an inconvenience. If I have to wait 90 days to trade again due to PDT rules from forced closed positions, I might as well just change brokers.

I do not think they are serious. Save your time! I have financial accounts with many other major brokers. Never had a negative experience. These clowns rejected my application and told me plain blank that they will never do business with me. Very rude. No explanation given! I am in very good financial standing and never was rejected before. Not a serious company. Stay away.

Negative starts. This broker is total garbage and they will absolutely scam you. Multiple times I have had butterflies expire comfortably within the money and rather than a full profit they take money directly out of my account and call it a loss. I opened a butterfly position that at max loss would be .85 per butterfly. somehow, even though it expired in the money, they managed to find a way to remove 2.9 per butterfly from my account. I took the same exact trade in ThinkOrSwim and profited 3.8 per butterfly. You read that right. The same exact trade. This company STOLE money from my account directly on more than one occasion when dealing with butterflies expiring in the money. When I confronted them about this they sent me a 95 page document about how calls and puts work rather than deal with the direct problem. Aside from stealing, and providing little to no customer service, they give the worst fills ever. Want to close a position? good luck! market price only. Want to close a butterfly? it will simply never fill. this company is a scam and after what they did to my small account, I would literally NEVER put any kind of serious money to work with them, or for that matter do business with them again. Every single other broker and platform i have used is better than these people

I’ve been waiting for a ach wire for 2 months they sent my money to Santander UK TO THAN SEND IT TO THE UNITED STATES. This company is a fraud 15500k was my wire a multi million dollar company I missed Christmas my rent and my wife’s b days complete and utter distrust and disgust. Will never do business with these clowns again talking about there was an omicron outbreak in the office. That garbage has nothing to do with traders and lost two months of trading this is a joke

It's been over two weeks since I signed up, despite the 3-5 days verification process promise. Looking at other comments, I had expected to build in some additional wait time as I'm from the UK, but frankly if TW can't manage something as simple as verification checks in 2021, I wouldn't hold out much hope the platform. Thankfully, I signed up to another platform around the same time and the checks were instant so I've been trading fine since then, but feedback is that if you're from outside of the US, I'd look elsewhere for an options trading platform.