Introduction
Tasty Trades is a popular trading platform that offers a range of financial instruments to traders. One of the key factors that traders consider before choosing a trading platform is the fees that they charge. In this article, we will take a closer look at the fees charged by Tasty Trades and how they compare to other trading platforms.
Account Opening and Maintenance Fees
Tasty Trades does not charge any account opening fees or maintenance fees. This means that traders can open an account with Tasty Trades for free and do not have to pay any fees to keep their account active.
Commissions
Tasty Trades charges commissions for every trade that is executed on their platform. The commission that is charged varies depending on the type of asset that is being traded. For example, the commission for trading stocks is $5 per trade, while the commission for trading options is $1 per contract.
Margin Fees
Tasty Trades also charges margin fees for traders who trade on margin. The margin fees charged by Tasty Trades are based on the amount of money that the trader borrows to trade. The margin fees charged by Tasty Trades are competitive compared to other trading platforms.
Options Assignment Fees
Tasty Trades does not charge any options assignment fees. This means that traders can exercise their options without having to pay any additional fees.
Withdrawal Fees
Tasty Trades charges a withdrawal fee of $25 for every withdrawal that is made from the trading account. This fee is charged regardless of the amount that is being withdrawn.
Comparison with Other Trading Platforms
When compared to other trading platforms, Tasty Trades charges competitive fees. For example, the commission charged by Tasty Trades for trading stocks is $5 per trade, while some other trading platforms charge up to $10 per trade.
Conclusion
In conclusion, Tasty Trades charges competitive fees for trading on their platform. Traders who are looking for a trading platform with low fees should consider Tasty Trades as an option. However, traders should also consider other factors such as the range of financial instruments offered, the platform’s user interface, and customer support before making a decision.
