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 | $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 tastyworksCapped 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.
Cryptocurrency 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 | |||
 1 | $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 | |||
|---|---|---|---|
| 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 | 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 $38.95 OR 0.35%4 + ETO contract fees (per contract)8 | Price 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
Prices are shown in AUD
50 Verticals
(200 total contracts)
Prices are shown in USD
Prices are shown in AUD
50 Iron Condors
(400 total contracts)
Prices are shown in USD
Prices are shown in AUD
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 | ||
| $0.00 | None |
| 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) | $9.90 | 0.12% monthly* + $7.00 monthly live streaming data |
| SelfWealth (US Markets) | $9.50 | AUD $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 $10,000 | 0.50% 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 $20,000 | 0.50% monthly* |
| St. George Bank (Global Markets) | $59.00 for trades up to $10,000 0.59% for trades above $10,000 | 0.50% monthly* |
Commission US Shares*
Prices are shown in USD
(US Markets)
$29.95 for trades up to $10,000
0.31% for trades above $10,000
(US Markets)
(US Markets)
(US Markets)
(US Markets)
$29.95 for trades up to $10,000
0.31% for trades above $10,000
Prices are shown in AUD
(Global Markets)
0.59% for trades above $10,000
(Global Markets)
$19.95 for trades up to $20,000
0.11% for trades above $20,000
(Global Markets)
0.59% for trades above $10,000
Ongoing Account Fees**
Prices are shown in USD
(US Markets)
(US Markets)
(US Markets)
live streaming data
(US Markets)
(US Markets)
Prices are shown in AUD
(Global Markets)
(Global Markets)
(Global Markets)
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.
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