Robinhood advertises free commissions for all U.S.-listed securities, including stocks, options, ETFs and cryptocurrencies. It is somewhat limited in the features it offers, although it puts more emphasis on stocks and exchange-traded funds (ETFs) than tastyworks.ĭespite these two platforms’ appearances, neither should be used by the novice trader, although for different reasons. Its goal is to make investing easy, and its lack of barriers to any trader shows it. It aims its services at new investors and mobile traders. In particular, it focuses on those with active strategies who trade options. It’s a limited-feature platform that targets a specific type of trader. Tastyworks was founded by the creators of tastytrade, a financial network, in 2017. While tastyworks and Robinhood have comparable costs, they are distinctive from each other. You may have a slight variation in asset classes or minimum account balance requirements, but they share more similarities than not. When you compare some online brokers, they can seem like very similar platforms. You can always speak to a financial advisor about picking the brokerage that best fits your financial goals, experience and risk profile. With that in mind, here are a few ways tastyworks and Robinhood stack up against each other.

Research can tell you whether investment platforms’ promises are as good as they say they are. However, choosing the right brokerage means you have to look for more than cost efficiency. Robinhood and tastyworks are advertised as low-cost options for those who want to begin investing.

Though online brokerage accounts are the investing platform of choice for many retail investors, they can come with significant fees and trading costs.

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