TOS vs TastyWorks

Mikeh0512

New Member
Hello,
Can anyone comment on the the option analysis/trading features of TastyWorks vs TOS ? . Is it similar or the same as TOS given that they wrote the original TOS software.

I am in the UK and cannot open a TD account, however a TastyWorks account is available. I do have an IB account but their options
analysis software seems very poor ( or I dont know how to use it correctly!).

Many thanks
MikeH.

Update: After searching around a bit I found this review
. Hope it helps.
 
Last edited:

curiousjeff

Active Member
Last time I looked, there was no comparison between TOS and the Tastyworks platform, especially in regards to analytics.

Except for the fact that Sosnoff was involved in Thinkorswim, I don't know if anybody else from Thinkorswim went to work in the development of Tastyworks.

Sosnoff has a bias against TA and I think that is reflected in the software.

The interfaces for setting up various spreads and modifying them is well done and that is their major strength.

Now, it depends what you are trading, but it is not going to replace OV, ONE or TOS for butterflies type of trades IMO.

For withdrawals: outside the US, it will cost you $45, and 25 to wire funds inside the US.

The $10 capped per leg does NOT apply to indexes on options.
 

useemenot

New Member
I have a tastyworks account.
The plus of tastyworks is their commission is somehow quite competitive ...
my account only charge SPX fee for USD 0.55 per contract to open and USD 0 for close
(please note that this is a special price ...)
but the major pitfall on tastyworks is their option analysis software is sucks
the T+0 line is not accurate (especially if you have a structure that have more than 4 leg, such as STT + BSH)
so it can be very frustating if you have to trade based on T+0 line.
i heard that they want to fix the T+0 graph in the future, but don't know when it would be happen

The other alternative is of course to go with IB and connected them with ONE or OV
but there will be cost for IB market data dan ONE/OV subscription cost

or you can also open IB and connect them with the optioncolors trading platform
the optioncolors trading platform is quite powerful, but they mostly design for SJoptions style of trading
just like the tastyworks which is design with tastytrade style of trading ...

hope that helps.
 

greg641

New Member
I have a tastyworks account.
The plus of tastyworks is their commission is somehow quite competitive ...
my account only charge SPX fee for USD 0.55 per contract to open and USD 0 for close
(please note that this is a special price ...)
but the major pitfall on tastyworks is their option analysis software is sucks
the T+0 line is not accurate (especially if you have a structure that have more than 4 leg, such as STT + BSH)
so it can be very frustating if you have to trade based on T+0 line.
i heard that they want to fix the T+0 graph in the future, but don't know when it would be happen

The other alternative is of course to go with IB and connected them with ONE or OV
but there will be cost for IB market data dan ONE/OV subscription cost

or you can also open IB and connect them with the optioncolors trading platform
the optioncolors trading platform is quite powerful, but they mostly design for SJoptions style of trading
just like the tastyworks which is design with tastytrade style of trading ...

hope that helps.
Thank you for the update on Tastyworks. Can I ask how you received the $.55/contract pricing?
 

dynoweb

New Member
I have both a TD Ameritrade which I use ThinkOrSwim and a TastyWorks trading account. I'm an experienced options trader and I don't think there's a better options trading platform than ThinkOrSwim. TastyWorks signup and funding were easy. Everyone gets the best fees from very small accounts to large accounts. I also have accounts at other brokerages. These two are the best.
 

autopsias

New Member
I've got both Tastyworks and TOS (although based in Europe I've opened TOS so long ago that it was still available here). I don't really use TOS to trade and now not even for the analytics which is in a different league than Tastyworks. Tastyworks analytics are beyond useless, but as a trading platform it works and the fees are competitive.

So personally I use Tastyworks in conjunction with ONE, that's my setup and I'm based in Europe.
 

DASH Prime

New Member
I have both a TD Ameritrade which I use ThinkOrSwim and a TastyWorks trading account. I'm an experienced options trader and I don't think there's a better options trading platform than ThinkOrSwim. TastyWorks signup and funding were easy. Everyone gets the best fees from very small accounts to large accounts. I also have accounts at other brokerages. These two are the best.
Hi Rick - if you're interested in streamlining your trading, Dash Prime supports Portfolio Margin, Reg-T Margin, & SPAN Margin accounts. Happy to provide further info if you'd like to know more.

Jack McGreal
 
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