TradingView vs. tastytrade – A Detailed Comparison
Discover our detailed comparison of TradingView and tastytrade to help determine which is best for you. Whether you’re a seasoned trader or just starting out, choosing the right platform can significantly impact your trading experience.
To make your research easier, we manually found key data for TradingView and tastytrade across the internet and compiled it all in this article.
- Pricing: Free-$60/month
- Integrates with various brokers
- Best free charting software
- Best for options trading
- Low derivative commissions
- Solid charting tools
Overview of TradingView
TradingView is an advanced charting and social platform for traders. You can build custom indicators, backtest strategies, and utilize community scripts with its proprietary Pine Script coding language. TradingView is my top pick as the best overall charting platform, based on my experience of using nearly every trading and charting software available.
✓ Pricing: Free-$60/month
✓ Integrates with various brokers
✓ Best free charting software
TradingView is Best For
TradingView is best for traders and investors who want access to premium charting and community-made scripts. It provides everything you need to make informed trading decisions including screeners, heatmaps, economic calendars, plus you can integrate various brokers to trade directly from the charts.
Overview of tastytrade
tastytrade is a brokerage platform built for active traders, especially options traders. It was founded by Tom Sosnoff, who also founded the thinkorswim platform. Sosnoff recently sold tastytrade to IG, and is still the main host of his financial education company tastylive.
✓ Best for options trading
✓ Low derivative commissions
✓ Solid charting tools
tastytrade is Best For
tastytrade is best for active traders, especially those who want a high tier margin account and low fees for futures and options trades. The platform is also great for regular investors with features like fractional shares. Additionally, you can trade cryptocurrency on the platform.
Key Characteristics of TradingView and tastytrade
| Platform | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| TradingView | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, crypto, and forex | Advanced web-based charting platform, downloadable desktop app, and mobile app | Provides real-time data for free when possible, and you can purchase real-time data subscriptions from exchanges | $12-$60 per month |
| tastytrade | Brokerage Platform | Stocks, ETFs, Options, Index Options, Futures, Futures Options, Crypto, Bonds | Downloadable desktop platform and web app | Real-time data with funded account | No premium features |
Trading Features and Tools
| Platform | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| TradingView | Not a broker | Not a broker | Not a broker | Yes |
| tastytrade | Yes, no fees to enable, but clearing fee to sell fractional shares | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | TradingView | tastytrade |
|---|---|---|
| Equity Commission | Not a broker | Free |
| Option Commission | Not a broker | $1 to Open, Free to Close |
| Futures Commission | Not a broker | $1.25 per contract, $0.85 micro, $0.25 smalls |
| Futures Options Commission | Not a broker | $2.50 per contract, $1.50 micro |
| Option Exercise Fee | Not a broker | $5 fee |
TradingView vs tastytrade – Bottom Line
Choosing between TradingView and tastytrade depends on your specific trading needs, preferred trading tools, and the type of assets you’re interested in.
Both platforms offer distinct advantages, but by considering the detailed comparison above, you can select the one that aligns best with your trading strategy and goals.
For more detailed reviews and comparisons, continue exploring our other articles on brokerage platform comparisons.
What is the Overall Best Charting Software?
I have reviewed and used nearly every trading platform available, and I believe that TradingView is the best overall charting software available. Here are some reasons why:
- All of TradingView’s key features are free to use
- TradingView provides real-time data for free whenever possible
- You are not tied to a single broker and can use whichever you want while charting on TradingView
- You can track all markets on a single platform, including stocks, ETFs, crypto, forex, and futures.
- TradingView has an excellent economic calendar and various screeners
Exclusive Deal: 30-Day FREE Premium Access + Bonus Credit
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- Advanced Charts
- Real-Time Data
- Track all Markets
If you sign up for a TradingView account using my affiliate link, you can get a 30-day free trial of its premium features plus a $15 credit toward your subscription. However, signing up for a free trial is not required, and you can use nearly all of its features with a basic free account. You can read my full review of TradingView to learn more.
