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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Robinhood
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
Futures
Cryptocurrency
Robinhood
Stock
Commission-free
ETFs
Commission-free
Options
Commission-free
Futures
N/A
Cryptocurrency
Commission-free
Tastyworks
Stock
$0
ETFs
N/A
Options
$1
Futures
$1.25
Cryptocurrency
N/A

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Futures Trading
Crypto Trading
Robinhood
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Futures Trading
Crypto Trading
Tastyworks
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Futures Trading
Crypto Trading

Platforms

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

Tools

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

Mobile App

Mobile App
Android App
iOS App
Robinhood
Android App
iOS App
Tastyworks
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Robinhood
Minimum deposit
None
Bank Wire
Tastyworks
Minimum deposit
$0
Bank Wire

Withdrawals

Withdrawals
Bank Wire
Withdrawal Time
Withdrawal Fee
Robinhood
Bank Wire
Withdrawal Time
5 days trading holding period for uninvested funds
Withdrawal Fee
Free
Tastyworks
Bank Wire
Withdrawal Time
3 business days
Withdrawal Fee
$25-45

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Robinhood
Сountry of Origin
United States
Year Founded
2013
Regulated By
SEC, FINRA
Tastyworks
Сountry of Origin
United States
Year Founded
2017
Regulated By
FINRA, NFA and SIPC

Customer Service

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

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