Tastyworks Research Tools | Trade Smarter Than Ever

Pros

Cons

  • Customizable charts
  • Trading ideas
  • Limited fundamental data available

Introduction

Tastyworks is a new broker in the market. It was founded in 2017 in Chicago. Although Tastyworks is fresh, it’s regulated by top-tier financial authorities including FINRA and NFA, and it’s also a member of SIPC. Tastyworks is not a Forex or CFD broker, but its main products are stocks, options, and futures. The good thing about it is that it has very competitive commissions among similar brokers.

Sources

The resources of the research tools in Tastyworks are their websites and their trading platforms.

Tools

Trading ideas

Tastyworks provide a trading ideas tool according to technical analysis and some top traders’ highlights. You can use this tool o get a better idea of the assets you should trade on.

Tastyworks Research Tools | Trade Smarter Than Ever

Tastyworks – Research – Trading Ideas

Fundamental data

Unfortunately, there’s only limited fundamental data available at Tastyworks as the information provided is very basic like the Profit Loss ratio P/L.

Tastyworks Research Tools | Trade Smarter Than Ever

Tastyworks – Research – Fundamental Data

Charting

The charting tool within Tastyworks is customizable and easy to use. You can choose from a variety of indicators to plot. You can also use the charting tool to discover patterns and create your trading strategies.

Tastyworks Research Tools | Trade Smarter Than Ever

Tastyworks – Research – Charting

News

Tastyworks also provides a news tool through the Tastytrade website. The news is categorized by type of assets, and you can easily find all news about any asset.

Tastyworks Research Tools | Trade Smarter Than Ever

Tastyworks – Research – Newsfeed

FAQs

  1. How long does it take to verify my account?
  • It takes about 1 to 3 business days to verify your Tastyworks account.
  1. Can I open more than one trading account?
  • At Tastyworks, you can only open one account, and any other account opened under the same person will be rejected by the support team.
  1. What are the two-factor authentication methods available?
  • The available methods are via an authenticator app or SMS.
  1. Does Tastyworks allow bot trading?
  • Yes, through Robo-advisory.
  1. Does Tastyworks allow scalping and hedging?
  • Yes, Tastyworks allows both of them on their trading platforms.
  1. Does Tastyorks have a demo account?
  • Unfortunately, no.
  1. When trading forex, will you lose more than your initial deposit?
  • Yes, as the Tastyworks broker doesn’t have any negative balance protection. In other words, your account can have a negative balance.
  1. Can I log in to more than one account from the same computer?
  • Yes, you can.

 



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