Discover our detailed comparison of TC2000 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 TC2000 and tastytrade across the internet and compiled it all in this article.
Key Characteristics of TC2000 and tastytrade
| Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
|---|---|---|---|---|---|
| TC2000 Get $25 Off | Brokerage Platform | Stocks, ETFs, & Options | Downloadable desktop platform, no free options | Must buy real-time data | $8-$50 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 TC2000
TC2000 is stock and options trading brokerage that also provides charting, screening, and options charting capabilities. While the software is good, there are various cheaper brokers available that do not charge for equity trading and have lower options commission, such as thinkorswim and tastytrade.
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 TC2000 Best For?
TC2000 is best for traders who don’t mind paying extra for advanced features like IB SmartRoutingSM, which helps ensure you get the best order fills. However, similar and cheaper brokerages like tastytrade provide excellent order fills, and charge significantly less commissions. If you are looking primiarly for a charting platform, consider using TradingView since most of its features are free to use.
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 |
|---|---|---|---|---|
| TC2000 Get $25 Off | No | Yes | SIPC Insured | 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 | TC2000 Get $25 Off | tastytrade Get a Sign Up Bonus |
|---|---|---|
| Equity Commission | $1 + $0.005 per share | Free |
| Option Commission | $1 + $0.65 per contract | $1 to Open, Free to Close |
| Futures Commission | No futures | $1.25 per contract, $0.85 micro, $0.25 smalls |
| Futures Options Commission | No futures options | $2.50 per contract, $1.50 micro |
| Option Exercise Fee | None | $5 fee |
TC2000 vs tastytrade – Bottom Line
Choosing between TC2000 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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