Tastytrade Help Center (2024)

FAQs

How do I contact tastytrade? ›

For any futures trading-related questions or if you need help in the overnight session (5:00 PM-7:00 AM CST), please email us at [email protected], and one of our representatives will get back to you shortly.

What happened to the financial network previously known as tastytrade? The financial network is still our separate but affiliated company. It was rebranded to tastylive in December 2022. You can now visit the network's website at tastylive.com.

Potential Issues

Blocked connections: tastytrade may block connections from certain types of proxies, such as those known to be used for malicious purposes. Firewall issues: If a firewall blocks the proxy's connection to tastytrade, the proxy may be unable to establish a connection.

When it comes to day trading, margin accounts are subject to Pattern Day Trader (PDT) Rules, and Cash accounts are subject to Good Faith Violations (GFV). To learn more about the limitations in each account type, please refer to the links below: Margin Accounts: Pattern Day Trading Rules.

The Bottom Line: Is tastyworks legit? Yes. (Note: The company is now known as tastytrade.) Founded by former option floor traders in Chicago, tastytrade (formerly known as tastyworks) seeks to serve retail options traders by giving them an excellent platform with tons of educational resources.

IG Group acquired tastytrade in 2021 after obtaining regulatory approval.

Tastytrade is a good platform for beginners interested in actively trading stocks, ETFs, commodities, futures, and options. It offers commission-free trades, a user-friendly interface, community-based trading tools, and various educational resources.

No minimum, but requires $2,000+ for margin privileges

However, if you wish to gain margin privileges, which allows you to buy stock or ETFs on margin, it will require a minimum account balance of $2,000 or more. The trading strategies you wish to perform will be based on your margin trading level.

Like the protection the FDIC provides for bank accounts, SIPC provides investors with protection of up to $500,000, comprising $250,000 in cash and $250,000 in securities positions. It's worth noting that tastytrade does not hold customer assets.

Confirm Email Address

If you just signed up with tastytrade and cannot sign in, then chances you haven't confirmed your email address.

Who is the CEO of tastytrade? ›

Scott Sheridan

CEO, tastytrade, Inc.

tastytrade, Inc. was formerly known as tastyworks, Inc.

Plus, how one trader uses their $25,000 capital might differ greatly from someone else. However, it's generally accepted that a successful day trader can make between 1% to 2% of their account balance per day. In the case of a $25,000 account, this could translate to approximately $250 to $500 a day.

What is a pattern day trader? If you make four or more day trades over the course of any five business days, and those trades account for more than 6% of your account activity over that time period, your margin account will be flagged as a pattern day trader account.

A Pattern Day Trader (PDT) Equity Maintenance (EM) call is issued when the aggregate related margin account equity balance falls below $25,000 at the close of business the previous day. As a result of the call, all margin accounts are set to closing-only.

Please reach out to us at [email protected].

To contact Tom Sosnoff send an email to [email protected].