Tastytrade Help Center (2024)

FAQs

How do I contact tastytrade support? ›

For any futures trading-related questions or if you need help in the overnight session (5:00 PM-7:00 AM CST), please email us at futures@tastytrade.com, and one of our representatives will get back to you shortly.

What happened to the financial network previously known as tastytrade? The financial network is still our separate but affiliated company. It was rebranded to tastylive in December 2022. You can now visit the network's website at tastylive.com.

The broker formerly known as tastyworks officially changed its name to tastytrade in 2023, but that change only reaffirmed the company's commitment to customer satisfaction.

To withdraw funds by wire, sign in to your account at manage.tastytrade.com and navigate to My Money > Withdrawals page. Domestic wires: Typically, the next business day if requested before our cutoff time. International wires: Transfers can take up to 3-5 business days after the withdrawal request.

The Bottom Line: Is tastyworks legit? Yes. (Note: The company is now known as tastytrade.) Founded by former option floor traders in Chicago, tastytrade (formerly known as tastyworks) seeks to serve retail options traders by giving them an excellent platform with tons of educational resources.

Tastyworks Changes its Name to Tastylive's Old Name

However, both companies are part of IG Group. In June 2021, IG Group completed the acquisition of Tastytrade for $1 billion, with $300 million in cash and $700 million in the form of 61 million new ordinary shares of IG Group.

On Thursday, global trading platform IG Group announced that it was acquiring Chicago-based tastytrade at a purchase price of $1 billion. tastytrade operates a network of content that is meant to inform people about the ins and outs of investing in the stock market and equities.

tastytrade scores high when it comes to customer service, research tools and education materials. The trading platform though, especially the desktop version, is significantly better at Webull.

Generally speaking, Robinhood is best for investors who want an easy way to buy, sell, and hold stocks and cryptocurrencies. On the other hand, Tastytrade is packed with features that appeal to more sophisticated investors and traders, and it may not be the best choice for newer investors.

The SIPC protects you from the loss of cash or securities in case the broker goes bust. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. A non-US citizen who signed up with tastytrade is treated the same way as a US resident if something goes wrong.

Is tastytrade legal? ›

tastytrade has top-tier regulation

tastytrade has the following regulation: USA - Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), National Futures Association. Australia - Australian Securities and Investments Commission (ASIC)

Due to anti-money laundering rules, newly deposited funds can only be withdrawn 5 business days after posting to the account. For example, if you made a dep... At this time, recurring withdrawals are not available. Each withdrawal from your tastytrade account must be made manually.

Accounts linked via Plaid can withdraw or deposit up to $250,000 at a time. However, there are no limits on wire transfers. There is also no limit to how much money you can have in your account at any one time.

Please reach out to us at support@tastylive.com. Looking to email Tom directly? You can find him at tom@tastylive.com.

Tastyworks is headquartered in Chicago, 1000 W Fulton Market #220, United States, and has 2 office locations.

To view your whole account number (for example, 5WC#####), sign in to your account at my.tastytrade.com. After signing in, navigate to the web platforms MANAGE->Summary page and scroll down to the blue Account Status area. All of your open account(s) will list in the Account Status area, as illustrated below.