Discover our detailed comparison of Vanguard 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 Vanguard and tastytrade across the internet and compiled it all in this article.
Key Characteristics of Vanguard and tastytrade
Provider | Platform Type | Tradeable Assets | Charting Features | Data | Premium Pricing |
---|---|---|---|---|---|
Vanguard Learn More | Brokerage Platform | Stocks, ETFs, Mutual Funds, Options, Bonds | Price history for Vanguard funds | Real-time data with funded account | No premium features |
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 Vanguard
Vanguard was founded by the legendary investor John Bogle. Bogle is also credited with creating the first retail index fund, providing retail investors with a low-cost vehicle to invest in the broader stock market. Vanguard is known for offering low-cost mutual funds and ETFs with trillions of AUM.
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 Vanguard Best For?
Vanguard is best for long-term investors who want a low-cost set-it-and-forget-it investing approach. It is not great for active traders due to its lack of charting and trading tools. While Vanguard is an excellent and well-established brokerage, it is somewhat dated and not suitable for those who want a lot of control over their investments.
![](https://www.financialtechwiz.com/wp-content/uploads/2024/06/vanguardplatformimage.jpg)
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.
![](https://www.financialtechwiz.com/wp-content/uploads/2024/06/tastytradeplatformimage.jpg)
Trading Features and Tools
Provider | DRIP | Margin Trading | Insurance | Mobile App |
---|---|---|---|---|
Vanguard Learn More | Yes, no fees | 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 | Vanguard Learn More | tastytrade Get a Sign Up Bonus |
---|---|---|
Equity Commission | Free | Free |
Option Commission | $0 + $1-per-contract fee | $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 |
Vanguard vs tastytrade – Bottom Line
Choosing between Vanguard 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?
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- 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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