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Comparison AvaTrade vs Tastyworks
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AvaTrade vs Tastyworks. Which of them: AvaTrade or Tastyworks a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of AvaTrade on regular transactions of the stock exchange is average 0.13%, and Tastyworks has a commission fee of $0. When analyzing trading options, the commission fees of AvaTrade is spreads Vary, and that one of Tastyworks is $1. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto Trading, Robo Advisor are provided to customers by AvaTrade and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. As for platforms, AvaTrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Tastyworks offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. AvaTrade was established in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And Tastyworks was established in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from AvaTrade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The time for withdrawal in AvaTrade is 1 - 2 business days, and that one in Tastyworks is 3 business days.
As a result, the rating of AvaTrade is 4.8 stars versus that of Tastyworks of 4 stars.