HEAD TO HEAD
tastytrade vs Robinhood
vs
| Compare the details | ||
|---|---|---|
| Plan | tastytrade | Robinhood |
| Open / contract ($) | $1.00 | $0 |
| Close / contract ($) | $0 | $0 |
| Per order ($) | — | — |
| Order minimum ($) | — | — |
| Order cap ($) | $10 | — |
| Exercise / assignment ($) | $5.00 / $5.00 | — |
| Min. deposit ($) | $0 | $0 |
Which is the better fit?
Consider tastytrade
tastytrade is one of the best brokerage choices for active options traders, particularly traders who regularly use multi-leg strategies or larger contract sizes. It is a much weaker choice for passive investors, beginners who need live paper trading, or investors who regularly borrow on margin.
Consider Robinhood
Robinhood has grown well beyond the stripped-down trading app it was originally known for. For the right investor, its combination of low trading costs, fractional shares, retirement incentives and increasingly capable trading tools is genuinely competitive. Its biggest weakness is no longer a lack of features. It is that the product range and research depth still fall short of the strongest all-in-one brokerages.
My call: choose tastytrade if you’re actively trading options. Choose Robinhood if you mostly buy stocks/ETFs, occasionally trade options, or want everything dead simple.
Stocks/ETFs
- tastytrade
- $0
- Robinhood
- $0
Stock/ETF options
- tastytrade
- $1/contract to open, $0 close; $10 max per leg
- Robinhood
- $0 commission; currently ~$0.04/contract regulatory/clearing charge
Index options
- tastytrade
- $1/contract open, $0 close + applicable fees
- Robinhood
- $0.50/contract, or $0.35 with Gold + exchange/regulatory fees
Futures
- tastytrade
- $1/contract each way
- Robinhood
- $0.75, or $0.50 with Gold + exchange/NFA fees
Options on futures
- tastytrade
- Yes — major strength
- Robinhood
- Much less of the core proposition
Complex multi-leg options
- tastytrade
- Excellent
- Robinhood
- Good, substantially improved
Desktop trading
- tastytrade
- Trader-first
- Robinhood
- Legend is now genuinely decent
Mobile
- tastytrade
- Good
- Robinhood
- Excellent
Portfolio margin
- tastytrade
- Yes, eligible accounts
- Robinhood
- Not the reason I'd choose RH
Joint/entity/trust accounts
- tastytrade
- Much broader
- Robinhood
- More limited
International customers
- tastytrade
- Supported in eligible countries
- Robinhood
- Primarily US
IRA incentive
- tastytrade
- Nothing exceptional
- Robinhood
- 1% match; 3% contributions with Gold
| tastytrade | Robinhood | |
|---|---|---|
| Stocks/ETFs | $0 | $0 |
| Stock/ETF options | $1/contract to open, $0 close; $10 max per leg | $0 commission; currently ~$0.04/contract regulatory/clearing charge |
| Index options | $1/contract open, $0 close + applicable fees | $0.50/contract, or $0.35 with Gold + exchange/regulatory fees |
| Futures | $1/contract each way | $0.75, or $0.50 with Gold + exchange/NFA fees |
| Options on futures | Yes — major strength | Much less of the core proposition |
| Complex multi-leg options | Excellent | Good, substantially improved |
| Desktop trading | Trader-first | Legend is now genuinely decent |
| Mobile | Good | Excellent |
| Portfolio margin | Yes, eligible accounts | Not the reason I'd choose RH |
| Joint/entity/trust accounts | Much broader | More limited |
| International customers | Supported in eligible countries | Primarily US |
| IRA incentive | Nothing exceptional | 1% match; 3% contributions with Gold |
Current official pricing confirms tastytrade's $1-open/$0-close equity options structure and capped $10/leg commission. (Tastytrade) Robinhood currently charges no commission on stock/ETF options, while index options carry separate contract fees; Gold is $5/month. (Robinhood)
Where I'd actually use each
Options selling / spreads / iron condors / strangles / portfolio management → tastytrade. The platform is built around probability, Greeks, volatility and manipulating multi-leg positions. That matters more to me than saving a few cents in headline commissions if you're actively managing a derivatives book.
Buy-and-hold + occasional options → Robinhood. It's cheaper, cleaner and Robinhood has closed a lot of the historical product gap. It now has proper advanced charts through Legend, index options and futures. (Robinhood)
Futures purely on commission → Robinhood actually wins now. Current commission is $0.75/contract or $0.50 with Gold versus tastytrade's $1 each way, before exchange/regulatory fees. (Robinhood) That's an important change versus older broker comparisons.
IRA / long-term account → Robinhood is difficult to ignore. As of September 2026, Gold gives a 3% match on eligible annual IRA contributions, while non-Gold gets 1%; there are holding/subscription conditions. (Robinhood)
So I'd simplify it to:
Serious options trader → tastytrade 8.5/10, Robinhood 7/10. Normal investor who sometimes trades → Robinhood 9/10, tastytrade 7/10. Mobile-first → Robinhood. Complex derivatives → tastytrade. IRA → Robinhood. Need joint/entity/international flexibility → tastytrade. (Tastytrade)
If your actual question is “which one should I put $50k/$100k into for options trading?”, that's a slightly different comparison — buying power, portfolio margin, fills and short-option workflow become the deciding factors.
tastytrade vs Robinhood, scored
- Commissions & Fees4.5vs5.0
- Options Platforms4.5vs3.5
- Customer Support4.0vs3.0
The terms side by side
Country
- tastytrade
- United States
- Robinhood
- United States
Founded
- tastytrade
- 2017
- Robinhood
- Not published
Owner
- tastytrade
- IG Group
- Robinhood
- Not published
Regulation
- tastytrade
- SEC, FINRA, SIPC, NFA
- Robinhood
- SEC, FINRA, SIPC
Open a contract
- tastytrade
- $1.00
- Robinhood
- Not published
Close a contract
- tastytrade
- $0.00
- Robinhood
- Not published
Assignment
- tastytrade
- $5.00
- Robinhood
- Not published
Platform fee
- tastytrade
- None
- Robinhood
- None
Stocks and ETFs
- tastytrade
- Not published
- Robinhood
- $0
Stock options
- tastytrade
- Not published
- Robinhood
- $0.04 a contract
Index options
- tastytrade
- Not published
- Robinhood
- $0.35 to $0.75
Minimum
- tastytrade
- Not published
- Robinhood
- None
Disciplinary
- tastytrade
- Not published
- Robinhood
- $45m SEC, $26m FINRA
| Term | tastytrade | Robinhood |
|---|---|---|
| Country | United States | United States |
| Founded | 2017 | Not published |
| Owner | IG Group | Not published |
| Regulation | SEC, FINRA, SIPC, NFA | SEC, FINRA, SIPC |
| Open a contract | $1.00 | Not published |
| Close a contract | $0.00 | Not published |
| Assignment | $5.00 | Not published |
| Platform fee | None | None |
| Stocks and ETFs | Not published | $0 |
| Stock options | Not published | $0.04 a contract |
| Index options | Not published | $0.35 to $0.75 |
| Minimum | Not published | None |
| Disciplinary | Not published | $45m SEC, $26m FINRA |