tastytrade fees & pricing
Complete commission schedule, margin tier ladder, cash-sweep yield, and PFOF stance.
Last reviewed May 13, 2026
Full fee schedule
Every documented tastytrade fee, grouped by category. Green = competitive; red = negative outlier; neutral = market-rate.
| Category | Item | Price | Notes |
|---|---|---|---|
| Stocks & ETFs | US stock / ETF commission | $0 | — |
| Options | Equity options | $1 open / $0 close, $10/leg cap | Round-trip is $0.50/contract under cap; cap means a 50-contract trade pays the same $10 as a 10-contract trade. Plus $0.10/contract clearing both sides + ORF + Sec 31 on sales. |
| Options | Index options (SPX/NDX/RUT/XSP/VIX) | $1 open / $0 close, $10/leg cap | Plus index exchange fees (SPX ~$0.65/contract; XSP $0 under 10 contracts) |
| Options | Options exercise / assignment | $5 | — |
| Futures | Standard futures | $1.25 open + $1.25 close | — |
| Futures | Micro futures | $0.85 open + $0.85 close | — |
| Futures | Options on futures | $2.50 open / $0 close | Multi-leg via CME Direct integration (2025) |
| Crypto | Crypto trading | $0 commission | Zero Hash markup: 50 bps BTC/ETH, 75 bps other coins. Tastytrade keeps 65% of that spread. |
| Bonds | Treasury bonds / bills / notes | Phone trade desk only | Added 2025; secondary market via trade desk |
| Margin | Margin rate < $25K | 11.00% | Base rate 10% since Jan 1, 2025 |
| Margin | Margin rate $1M+ | 8.00% | — |
| Cash sweep | Cash sweep APY | ~0.01% | Major weakness; no automatic money-market option |
| Account & service fees | Outbound ACAT | $75 | — |
| Account & service fees | IRA closing fee | $60 | — |
| Account & service fees | Wire (domestic / foreign) | $25 / $45 | — |
| Account & service fees | ACH deposits/withdrawals | $0 | — |
| Account & service fees | Inactivity fee | $0 | — |
PFOF: Accepts payment for order flow on equities; accepts PFOF on options. Tastytrade accepts PFOF. Routing is via Apex Clearing.
Margin rates by debit balance
Step-line — rate is constant within each tier. Overlay shows every other broker we’ve reviewed for context. Lower is better.
See margin tiers as a table
| Debit balance | Rate (APR) | Notes |
|---|---|---|
| ≥ $0 | 11.000% | Base rate 10% since Jan 1, 2025; April 6, 2026 schedule |
| ≥ $25,000 | 10.500% | — |
| ≥ $50,000 | 10.000% | — |
| ≥ $100,000 | 9.500% | — |
| ≥ $250,000 | 9.000% | — |
| ≥ $500,000 | 8.500% | — |
| ≥ $1,000,000 | 8.000% | — |
Cash sweep
Default cash sweep
0.01%(tastytrade default sweep)
Effective 0.01% APY on uninvested cash. No automatic money-market position. Move cash to an external high-yield account for meaningful yield.
As of May 13, 2026