Comparison Swissquote vs Tastyworks
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Swissquote vs Tastyworks. Which of them: Swissquote or Tastyworks a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Swissquote on regular transactions of the stock exchange is from £15, and Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. Swissquote has a commission fee of £1 per contract (Minimum £5), 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, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Swissquote and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. Concerning the platforms, Swissquote uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while Tastyworks uses 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. Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. We can withdraw funds from Swissquote with the help of Bank Wire, and its withdrawal fee is depends on account type. And Tastyworks provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is $25-45. The time for withdrawal in Swissquote is 1-2 working days, and that one in Tastyworks is 3 business days.
As a result, the rating of Swissquote is 4 stars versus that of Tastyworks of 4 stars.