Freedom to trade boldly
Our most flexible account package for active retail traders is called ‘The Works’.
- Individual margin account
- Access to trade all available products:
- Covered and uncovered options
- Covered and uncovered option spreads
- Options on futures
- Access to use any options trading strategy available on the tastyworks platform
- Portfolio Margin available for accounts with appropriate suitability. Learn More.
The application should take you 3-5 minutes to complete.
Before you get started, make sure you have the following for each applicant:
- Social security number or ITIN
- Email address
- A physical mailing address
- Full name of each applicant
Our standard trading account for an individual. Select either a Margin or Cash Account:
A margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products. The loan in the account is collateralized by the securities purchased and cash, and comes with a periodic interest rate. Have a look at our Margin Disclosure to understand the risks associated with trading on margin.
A cash account does not have margin benefits. That means you must be able to cover your trade's full purchase price with the money already in your account.
Our standard trading account for two people and can be a margin or cash account. Select the type of account to fit your financial goals.
Tenants in Common (TIC)
A joint account type in which two owners each have a specific proportion of the account's assets. When one account owner dies, their assets are passed on to their estate.
With Rights of Survivorship (WROS)
A joint account type in which two owners have equal share of assets. When one owner dies, the surviving owner will have full rights to the account.
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Custodial account types established by an adult who is the custodian on behalf of a minor who is the beneficiary. The assets are transferred to the beneficiary once they are no longer considered a minor.
Established as a type of savings plan intended to contribute funds towards a student's qualified educational expenses. Contributions may be made for individuals who are under the age of 18. Qualified distributions are not taxable at the state or federal level.
Corporate accounts are opened on behalf of a legally established Australian entity.
A trust account is an account type owned and managed by either the individual trustee or trustees, or corporate trustees. The Trust Deed must be provided at account opening.
Self-Managed Super Fund
A Self-Managed Super Fund (SMSF) is an account type owned and managed by either the individual trustee or trustees, or corporate trustees. This allows you to take full direct control over how your retirement savings are managed.