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Interactive Brokersvs.tastytrade

Head-to-head comparison across ratings, fees, asset coverage, and platform breadth.

Interactive Brokers logo

Interactive Brokers

4.6 / 5

Best for active, global, and advanced traders. Lowest margin rates in the industry, broadest international access (160+ exchanges, 36 countries), and the most complete API stack in retail brokerage.

Last reviewed May 13, 2026Data may be outdated — verify rates before acting
tastytrade logo

tastytrade

4.4 / 5

The #1 retail options broker in 2026. Industry-leading $1-to-open / $0-to-close pricing capped at $10/leg, purpose-built derivatives platform, and integrated Tastylive education. Avoid if you hold meaningful idle cash, want OTC, or are a buy-and-hold investor.

Last reviewed May 13, 2026Data may be outdated — verify rates before acting

Sub-rating overlap

Each broker scored 0–5 across the same 8 dimensions.

Detailed comparison

Green cells mark the winner on each metric. Tie rows are uncoloured.

MetricInteractivetastytradeWinner
OverallEditorial score4.60 / 54.40 / 5Interactive
Sub-ratingsCommissions & fees4.804.60Interactive
Sub-ratingsPlatforms & tools5.004.70Interactive
Sub-ratingsMobile app4.004.20tastytrade
Sub-ratingsResearch4.203.50Interactive
Sub-ratingsEducation4.005.00tastytrade
Sub-ratingsCustomer service3.804.00tastytrade
Sub-ratingsRange of investments5.003.50Interactive
Sub-ratingsActive trading5.005.00Tie
PricingLowest margin rate5.83%8.00%Interactive
PricingDefault cash sweep yield4.33%0.01%Interactive
PricingPFOF on equitiesDoes not acceptAcceptsInteractive

Where they differ on asset coverage

Asset classInteractivetastytrade
US stocks (NYSE/Nasdaq/AMEX)Yes
OTC / penny stocksYes
Fractional sharesYesNo
Options (US + global)Yes
Mutual fundsYesNo
US TreasuriesYes
Corporate / muni bonds, CDsYes
ForexYesNo
Futures / futures optionsYes
International stocksYesNo
IPOsYesNo
24-hour overnight equity tradingYes
Prediction marketsYes
US stocks (NYSE/Nasdaq)Yes
OTC / Pink Sheets / penny stocksNo
Equity options (single + multi-leg)Yes
Index options (SPX/NDX/RUT/XSP/VIX + Cboe Bitcoin/Mini Bitcoin US ETF Index)Yes
US Treasuries / bondsLimited
Futures (equity index, energy, metals, currency, rates, ag, livestock, crypto, volatility, micros)Yes
Options on futuresYes
24/5 overnight equity tradingYes

Interactive strengths

  • Lowest margin rates in retail brokerage — IBKR Pro USD blended 5.83–6.83%
  • Broadest international access — 160+ exchanges across 36 countries, 28 currencies
  • Trader Workstation (TWS) with ~120 order types, algos, Risk Navigator
  • Deepest short-locate inventory; SYEP shares 50% of borrow fees with clients
  • Full retail API: TWS, FIX, REST/WebSocket — 7 languages
  • Futures and futures options on 35+ global exchanges

tastytrade strengths

  • $1 to open / $0 to close, capped at $10/leg — unmatched at 15+ contracts; $0.50 round-trip per contract at scale
  • Industry-best options workflow: Curve mode with draggable strike legs, drag-and-drop chain to build verticals/condors/butterflies
  • Futures + options on futures with micros at $0.85/contract; CME Direct multi-leg integration (2025)
  • 23 cryptocurrencies via Zero Hash + stablecoin account funding (USDC/USDT/PYUSD/RLUSD; first major US broker, July 2025)
  • Tastylive: 8+ hours of live original options programming every weekday, free
  • Open API: public REST + WebSocket (DXLink/dxFeed), official JS SDK + community Python SDK