Discover our detailed comparison of Barchart 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 Barchart and tastytrade across the internet and compiled it all in this article.
Key Characteristics of Barchart and tastytrade
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| Barchart Visit Site | Charting Software | Not a broker, but you can chart stocks, ETFs, futures, & forex | Downloadable desktop platform and web app with access to indicators and drawing tools for free | Use any time frame for free, but real-time data requires a paid subscription | $89-$140 per month |
| tastytrade Get a Sign Up Bonus | 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 |
Overview of Barchart
Barchart is a charting platform that allows you to analyze stocks, ETFs, currencies, and futures. You get access to indicators, drawing tools, and all time frames for free, but you must pay for real-time data and other advanced features.
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.
Who is Barchart Best For?
Barchart is best for swing traders and investors who want free access to a decent charting platform. If you are an active trader, the pricing is quite expensive for real-time data, and the charting isn’t as good as competitors like TradingView and TrendSpider.
Who is tastytrade 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.
Trading Features and Tools
| Provider | DRIP | Margin Trading | Insurance | Mobile App |
|---|---|---|---|---|
| Barchart Visit Site | Not a broker | Not a broker | Not a broker | Yes |
| tastytrade Get a Sign Up Bonus | Yes, no fees to enable, but clearing fee to sell fractional shares | Yes | SIPC Insured | Yes |
Trading Costs and Commissions Compared
| Fee Type | Barchart Visit Site | tastytrade Get a Sign Up Bonus |
|---|---|---|
| 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 |
Barchart vs tastytrade – Bottom Line
Choosing between Barchart 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
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