How do TD Ameritrade and Tastyworks compare in terms of their fees and commissions for cryptocurrency transactions?

1 answers

• Dec 27, 2021 · 3 years ago
  When it comes to fees and commissions for cryptocurrency transactions, TD Ameritrade and Tastyworks have different pricing models. TD Ameritrade charges a flat fee of $6.95 per trade for all cryptocurrencies, regardless of the trade size. On the other hand, Tastyworks charges a commission of $1 per contract for options on cryptocurrencies, with no additional fees. This means that the cost of trading options on cryptocurrencies can vary depending on the number of contracts you trade. If you're trading a small number of contracts, Tastyworks might be more cost-effective. However, if you're trading actual cryptocurrencies, TD Ameritrade's flat fee might be more suitable, especially for larger trades. It's important to consider your trading strategy and the size of your trades when comparing the fees and commissions of these two platforms.
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