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Comparison Firstrade vs Tastyworks

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Firstrade vs Tastyworks. Is Firstrade or Tastyworks a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. Firstrade has a commission fee of $0, Tastyworks has a commission fee of $1. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and Tastyworks provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while Tastyworks offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. We can withdraw funds from Firstrade with the help of Bank Wire, and its withdrawal fee is $30 domestic US, $50 international. And Tastyworks provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25-45. The withdrawal time for Firstrade is 2-3 business days, and that one for Tastyworks is 3 business days.

As a result, the rating of Firstrade is 3.9 stars versus that of Tastyworks of 4 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Firstrade
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
Tastyworks
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Futures
Firstrade
Stock
$0
ETFs
$0
Options
$0
Mutual Funds
$0
Bonds
$40
Futures
N/A
Tastyworks
Stock
$0
ETFs
N/A
Options
$1
Mutual Funds
N/A
Bonds
N/A
Futures
$1.25

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Firstrade
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading
Tastyworks
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Futures Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Firstrade
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Tastyworks
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Social trading
Education
Firstrade
Research & Analysis
Social trading
Education
Tastyworks
Research & Analysis
Social trading
Education

Mobile App

Mobile App
Android App
iOS App
Firstrade
Android App
iOS App
Tastyworks
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Firstrade
Minimum deposit
$0
Bank Wire
Tastyworks
Minimum deposit
$0
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
Firstrade
Bank Wire
Withdrawal Time
2-3 business days
Withdrawal Fee
$30 domestic US, $50 international
Tastyworks
Bank Wire
Withdrawal Time
3 business days
Withdrawal Fee
$25-45

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Firstrade
Сountry of Origin
United States
Year Founded
1985
Regulated By
SEC and FINRA
Tastyworks
Сountry of Origin
United States
Year Founded
2017
Regulated By
FINRA, NFA and SIPC

Customer Service

Customer Service
Phone
Email
Live Chat
 
Firstrade
Phone
Yes
Email
Yes
Live Chat
No
Tastyworks
Phone
(312) 724-7075
Email
N/A
Live Chat
Yes

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