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Comparison Robinhood vs Tastyworks
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Robinhood vs Tastyworks. Is Robinhood or Tastyworks a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Robinhood on regular transactions of the stock exchange is commission-free, and Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. Robinhood has a commission fee of commission-free, Tastyworks has a commission fee of $1. You can read more detailed information on commission fees in the online broker reviews.
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, Crypto Trading are provided to customers by Robinhood and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. Concerning the platforms, Robinhood uses Web Platform, Android App, iOS App, while Tastyworks uses 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. Robinhood was founded in 2013 in United States, and it is regulated by SEC, FINRA. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from Robinhood can be done using Bank Wire 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 Robinhood is 5 days trading holding period for uninvested funds, and that one in Tastyworks is 3 business days.
Overall, Robinhood boasts 3.4 stars versus Tastyworks 4 stars.