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.