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#30
#30

Tastytrade

Brokerage

$1/contract to open, $0 to close | $10 cap per leg | Stocks: $0Best for: Options Sellers & Probability-Based Traders

The Review

Tastytrade was built by options traders, for options traders. Founded by Tom Sosnoff (who co-created thinkorswim before selling it to TD Ameritrade), tastytrade is designed from the ground up around probability-based options selling strategies. The platform makes complex options trades intuitive rather than intimidating.

The interface is unique. Instead of traditional order entry, tastytrade uses a curve-based visual system that shows probability of profit, expected move, and optimal strike selection at a glance. The Follow Feed lets you see what tastytrade's own team is trading in real time. Commissions are capped — you pay $1/contract to open, but closing is free, with a max of $10 per leg.

Tastytrade also runs tastylive, a financial media network that produces 8+ hours of free live trading content daily. The educational content focuses on options mechanics, probability theory, and portfolio management. For options-focused traders, the combination of purpose-built tools and world-class education is unmatched.

Why It Ranks #30

The best platform specifically designed for options trading. Built by the thinkorswim creator with a pure focus on probability-based strategies. Capped commissions and free closing trades reward active traders.

Key Stats

Tom Sosnoff (thinkorswim creator)

Founded By

$10/leg

Options Commission Cap

Free

Closing Trades

8+ hours

Daily Live Content

Key Features

Visual probability-based options interface
Capped options commissions ($10/leg max)
Free closing trades
Follow Feed (see team trades in real time)
Tastylive financial media network
Futures and micro-futures trading
Cryptocurrency trading
Portfolio-level Greeks and risk analysis

Fun Facts

1.Tom Sosnoff co-created thinkorswim, sold it to TD Ameritrade for $750M, then built tastytrade
2.Tastylive produces more hours of live financial content per day than CNBC
3.The platform was originally called tastyworks before rebranding to tastytrade in 2023
4.IG Group acquired tastytrade in 2021 for $1 billion

Frequently Asked Questions

What is Tastytrade?

Tastytrade was built by options traders, for options traders. Founded by Tom Sosnoff (who co-created thinkorswim before selling it to TD Ameritrade), tastytrade is designed from the ground up around probability-based options selling strategies. The platform makes complex options trades intuitive rather than intimidating.

How much does Tastytrade cost?

Tastytrade pricing: $1/contract to open, $0 to close | $10 cap per leg | Stocks: $0. It is best for Options Sellers & Probability-Based Traders.

Why is Tastytrade ranked #30?

The best platform specifically designed for options trading. Built by the thinkorswim creator with a pure focus on probability-based strategies. Capped commissions and free closing trades reward active traders.

I Document Every Trade — Even the Losses

Options record: 1W-8L. Net worth: 100% GSE preferred. Get the unfiltered updates.

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