hero image

Pricing

Freedom to trade more

Better Than Free

We all want low commissions. Lower commissions mean more freedom to place more trades more efficiently. That’s why we offer a great rate to open trades and an even better one to close them. It’s also why we cap your commissions at $10 per leg on equity option trades and $10 per opening and closing cryptocurrency trades. ** See how our pricing truly compares against other brokers.

Pricing & Fees

* All prices are shown in U.S. Dollars.

Opening Commission*Closing Commission*
Options on
Stock & ETFs($10 max per leg)

$1.00per contract
($10 max per leg)

$0

Options on
Futures

$2.50per contract

$0

Options on
Micro Futures

$1.50per contract

$0

Stock & ETFs

$0unlimited shares

$0

Futures

$1.25per contract

$1.25per contract

Micro Futures

$0.85per contract

$0.85per contract

Smalls Futures

$0.25per contract

$0.25per contract

Cryptocurrency($10 max)

1%of total crypto purchase

1%of total crypto sale

* Applicable exchange, clearing, and regulatory fees still apply to all opening and closing trades except for cryptocurrency orders which are not subject to exchange, clearing, and regulatory fees.

View Pricing and Fees DetailView Info on Futures Trading with tastyworks

Capped Commissions

Our commissions are capped at $10 per leg for all opening listed equity option trades, and $10 for all opening and closing cryptocurrency trades.**

Here’s how that can really work for you!

Opening Commission**To Close
20 Puts / Callssingle leg

$20

$10

$0

20 Verticalstwo legs

$40

$20

$0

20 Iron Condorsfour legs

$80

$40

$0

$2,000 crypto

$20

$10

$10

$4,000 crypto

$40

$10

$10

$8,000 crypto

$80

$10

$10

** Exchange, clearing, and regulatory fees still apply for all opening and closing equity options trades. All futures options and the following index products are excluded from this offer: SPX, RUT, VIX, OEX, XEO, DJX, and NDX. Applicable opening and closing commissions apply to all cryptocurrency trades.

zero-hashCryptocurrency trading provided by Zero Hash Liquidity Services LLC and cryptocurrency custody provided by Zero Hash LLC.

Cost Comparison

Okay, you want the bottom line. What are the commission costs to open and close equity option trades at tastyworks compared to other major brokers? Well, have a look…

50 Puts/Calls(100 total contracts)50 Verticals(200 total contracts)50 Iron Condors(400 total contracts)
Prices are shown in USD
tastytrade1$10.00$20.00$40.00
E*TRADE2$65.00$130.00$260.00
Interactive Brokers2$70.00$140.00$280.00
Saxo Markets2$300.00$600.00$1,200.00
Schwab2$65.00$130.00$260.00
Prices are shown in AUD
Commsec3Price per contract start at $34.95 (Up to and including $10,000) OR 0.35% (above $10,000)4 + ETO contract fees (per contract)6Price per contract start at $54.60 (Up to and including $10,000) OR 0.54% (Over $10,000)5 + ETO contract fees (per contract)6
Westpac7Price per contract start at $38.95 OR 0.35%4 + ETO contract fees (per contract)8Price per contract start at $59.90 OR 0.55%5 + ETO contract fees (per contract)8

50 Puts

(100 total contracts)

Prices are shown in USD

tastyworks1
$10.00
E*TRADE2
$65.00
Interactive Brokers2
$70.00
Saxo Markets2
$300.00
Schwab2
$65.00

Prices are shown in AUD

Commsec3
Price per contract start at $34.95 (Up to and including $10,000) OR 0.35% (above $10,000)4 + ETO contract fees (per contract)6
Westpac7
Price per contract start at $38.95 OR 0.35%4 + ETO contract fees (per contract)8

50 Verticals

(200 total contracts)

Prices are shown in USD

tastyworks1
$20.00
E*TRADE2
$130.00
Interactive Brokers2
$140.00
Saxo Markets2
$600.00
Schwab2
$130.00

Prices are shown in AUD

Commsec3
Price per contract start at $54.60 (Up to and including $10,000) OR 0.54% (Over $10,000)5 + ETO contract fees (per contract)6
Westpac7
Price per contract start at $59.90 OR 0.55%5 + ETO contract fees (per contract)8

50 Iron Condors

(400 total contracts)

Prices are shown in USD

tastyworks1
$40.00
E*TRADE2
$260.00
Interactive Brokers2
$280.00
Saxo Markets2
$1,200.00
Schwab2
$260.00

Prices are shown in AUD

Commsec3
Price per contract start at $54.60 (Up to and including $10,000) OR 0.54% (Over $10,000)5 + ETO contract fees (per contract)6
Westpac7
Price per contract start at $59.90 OR 0.55%5 + ETO contract fees (per contract)8

1 Regulatory fees still apply. All futures options and the following index products are excluded from this offer: SPX, RUT, VIX, OEX, XEO, DJX and NDX. Certain complex options strategies carry additional risk.

2 Commission comparison based on opening and closing online U.S. equity option trades at the published website commission schedules for retail accounts, as of 3 June 2021, for E*Trade, Interactive Brokers, Saxo Markets and Schwab. For Interactive Brokers, comparison based on customers trading less than 10,000 contracts a month with option premiums equal to or greater than .10 per contract. For Saxo Markets, pricing is based upon the “Classic” account tier trading on SaxoTradingGo platform. Supporting documentation for any claims, if applicable, will be furnished upon request.

3 Commission comparison based on opening and closing online ASX equity option trades at the published website commission schedules for retail accounts, as of 3 June 2021, for Commsec.

4 Exchange Traded Options traded online, (also charged upon exercise or assignment of the option).

5 Exchange Traded Options traded over the phone, (also charged upon exercise or assignment of the option).

6 Commsec Exchange Traded Options contract fees (per contract):
$0.13 (GST exclusive) Equity Trades
$0.05 (GST exclusive) Equity Exercise/Assignment
$0.45 (GST exclusive) Index Trades
$0.35 (GST exclusive) Index Exercise/Assignment

7 Commission comparison based on opening and closing online ASX equity option trades at the published website commission schedules for retail accounts, as of 3 June 2021, for Westpac.

8 Westpac Exchange Traded Options contract fees (per contract):
$0.13 (GST exclusive) Equity Trades
$0.05 (GST exclusive) Equity Exercise/Assignment
$0.45 (GST exclusive) Index Trades
$0.35 (GST exclusive) Index Exercise/Assignment

Commission US Shares*Ongoing Account Fees**
Prices are shown in USD
tastytrade$0.00None
CommSec (US Markets)$19.95 for trades up to $5,000 $29.95 for trades up to $10,000 0.31% for trades above $10,000$25.00 yearly* + AUD $82.50 monthly CommSecIRESS Platform3 + AUD $11.00 monthly live streaming data4
Interactive Brokers (US Markets)$1.005$10.001 + $4.50 monthly live streaming data
SAXO Markets (US Markets)$9.900.12% monthly* + $7.00 monthly live streaming data
SelfWealth (US Markets)$9.50AUD $20.00 monthly2
Westpac (US Markets)$19.95 for trades up to $5,000 $29.95 for trades up to $10,000 0.31% for trades above $10,000$63.50 yearly*
Prices are shown in AUD
ANZ (Global Markets)$59.00 for trades up to $10,000 0.59% for trades above $10,0000.50% monthly*
Nabtrade (Global Markets)$14.95 for trades up to $5,000 $19.95 for trades up to $20,000 0.11% for trades above $20,0000.50% monthly*
St. George Bank (Global Markets)$59.00 for trades up to $10,000 0.59% for trades above $10,0000.50% monthly*

Commission US Shares*

Prices are shown in USD

tastyworks
$0.00
Commsec
(US Markets)
$19.95 for trades up to $5,000
$29.95 for trades up to $10,000
0.31% for trades above $10,000
Interactive Brokers
(US Markets)
$1.005
Saxo Markets
(US Markets)
$9.90
SelfWealth
(US Markets)
$9.50
Westpac
(US Markets)
$19.95 for trades up to $5,000
$29.95 for trades up to $10,000
0.31% for trades above $10,000

Prices are shown in AUD

ANZ
(Global Markets)
$59.00 for trades up to $10,000
0.59% for trades above $10,000
Nabtrade
(Global Markets)
$14.95 for trades up to $5,000
$19.95 for trades up to $20,000
0.11% for trades above $20,000
St. George Bank
(Global Markets)
$59.00 for trades up to $10,000
0.59% for trades above $10,000

Ongoing Account Fees**

Prices are shown in USD

tastyworks
None
Commsec
(US Markets)
$25.00 yearly* + AUD $82.50 monthly CommSecIRESS Platform3 + AUD $11.00 monthly live streaming data4
Interactive Brokers
(US Markets)
$10.001 + $4.50 monthly live streaming data
Saxo Markets
(US Markets)
0.12% monthly* + $7.00 monthly
live streaming data
SelfWealth
(US Markets)
AUD $20.00 monthly2
Westpac
(US Markets)
$63.50 yearly*

Prices are shown in AUD

ANZ
(Global Markets)
0.50% monthly*
Nabtrade
(Global Markets)
0.50% monthly*
St. George Bank
(Global Markets)
0.50% monthly*

Figures above based on trading less than 3 trades per quarter, average trade size $8,000 with account funded up to $250,000. tastyworks commission is always $0 regardless of the number of trades, trade size, or account size.

* All stock trades incur a clearing fee of $0.0008 per share.

** Custody fee calculated daily and charged monthly. NABtrade: Yearly fee. Calculated on average daily international holding balance, payable monthly. No trades per year. Saxo: Yearly Custody fee calculated daily and charged monthly. ANZ: Yearly Custody fee calculated daily and charged monthly, minimum $10. Westpac: Yearly fee. Accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of US$100 or more. St. George Bank: Yearly Custody fee calculated daily and charged monthly, minimum $10. CommSec: Yearly fee. Accounts holding a security position for a calendar year (1 January to 31 December) without generating a trade, or margin interest of US$100 or more. Data is correct as of 3 June 2021.

1 If monthly commissions are less than US$10, standard activity fee = USD $10.00 - commissions.

2 SelfWealth Premium Membership required for live streaming data charged at AUD $20.00 monthly.

3 CommSecIRESS Subscription Fee, charged in arrears for the previous calendar month. $82.50 per month - or free if you place at least 8 eligible trades in a month, or spend $220 in brokerage.

4 Live data feed of closing prices for international market indices. $11.00 per month in addition to the CommSecIRESS Subscription Fee.

5 $1.00 minimum charge is charged to open, and then charged to close, based on Interactive Brokers ‘Fixed’ choice of rates.

Ready to Trade?

Open an Account

Hello,
from the business team!

Business Team