![]() ![]() If you want to sign up for tastyworks you can click here, remember to check out the current promotions tastyworks is offering on this page of this website for details on how to claim up to $250 cash deposited into your account - regardless of your account size! The only other case for TdAmeritrade’s thinkorswim is if you aren’t really an options trader primarily and want to house Forex trading under the same roof/brokerage, however with the complications getting a margin account with TdAmeritrade/thinkorswim I have trouble recommending them for anyone who doesn’t have a massive account that they’d trust with a margin account. You can check out Tastyworks signup bonuses on this page. Really the only people I think would be better off with TdAmeritrade is people with MASSIVE accounts and want to take advantage of TdAmeritrade’s signup bonus, however unless you have $500,000 to $1,000,000+ then I don’t think they’d be worth the bonus.Įspecially because Tastyworks has some bonuses/promotions that offer the potential for just as much of a bonus as TdAmeritrade’s lower bonuses. This is one of the big reasons I recommend Tastyworks. ![]() Trading without a margin account limits you to defined-risk strategies and makes you incapable of managing trades in some cases, and generally just puts you at a huge disadvantage. You’ll usually be denied until you’ve traded options with them for many months to years on a cash-secured account.įor serious options trader this means TdAmeritrade’s thinkorswim just isn’t going to work for them. Well here’s the problem: With thinkorswim they’re much stricter about giving out margin accounts. Well here’s the deal: Tastyworks will give you a margin accounts if you can deposit the minimum of $2000 into their brokerage - as that’s what’s legally required to have a margin account and have it matter. You’re planning on having a margin account, aren’t you? I’d assume so, as you’re familiar with tastyworks and their strategy (naked option selling) requires a margin account for you to make good returns and have reduced buying-power-reduction. ![]()
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