Recently tastytrade launched a new platform called tasty works and with no bias it is probably the best platform as of 2017 especially for options traders hey guys this is Izzy and by the way it is the first time I'm filming a video you know I just got my tastyworks account opened and decided to make you know an honest review and what I think about the platform and stuff and there aren't a lot of videos explaining the tastyworks so I decided to make this one and I hope this will answer all your questions so this video will be broken down into four parts Commission's trading platform customer service and requirements okay so this is the quote from tasty works and as you guys can see it's one dollar per options contract meaning that you are paying only for contract you are not paying any base fees nothing like that so let's say you do a vertical spread it's going to cost you two dollars to open it then you have five dollars to open a stock position and for futures contract and here's the biggest thing zero dollars for all closing trades for every single trade no matter stocks options or futures just to illustrate how much money could be saved with tasty works take a look at this table guys so here I compare five major brokerage firms including tasty works and these are commissions for complete two legs options trades meaning you open it and close it for example vertical spreads straddles strangles and I mean as you guys can see you can save a bunch of money with tastyworks and here's another example for four-legged options you know you save even more and they also have no hidden fees these are all the fees you guys should expect I mean every single firm as goes it just don't show it to you or you simply don't know about them but they are there so some may say you know low Commission's translates into into a bad customer service as it as with any other firms but in fact that is not true I personally called them you know when the service was great didn't have to wait a lot you know the staff was pretty helpful so the other thing is I haven't personally tried it so I cannot confirm it but you know users say that it takes about 1 to 3 hours for them to respond you on Twitter and about 1 to 2 business days to respond to your email you may be saying to yourself if customer service is good then the platform must be bad and that is not true also because tasty works is actually built by tastytrade and tastytrade those are the guys who made that thicker or swim and then sold it for almost billion dollars to TD Ameritrade then they made another platform and now it's tasty words so those guys are probably the most experienced platform builders in the industry if you look at it it looks pretty fresh you know it does not have any unnecessary stuff I could have done a detailed explanation of the platform but the video would have been too long and was not meant to be too long so I'll probably make a separate video on it but in short this is the position tab it's blank now because I don't have any positions open yet because it just got my account open and it funded pretty recently but then we have the trade tab and again it was designed specifically for options traders you have your curve view table view and table views to see the bigger picture strike prices volatility and curve view is you know this is where you actually do your trades you know you change stuff you move it you see your profit zone you see a loss own you can change stuff at the bottom yes it's it's very convenient and once you guys get used to it you will love it then we have the activity page and it's blank also mainly because again I have I don't have any positions open yet yeah then we have the watch list tab and watch this you can customize it to yourself or you can do the pre-prepared ones as I do right now so there's a lot of flexibility in it and then we have the tastytrade tab and these are the guys that i've earlier I would recommend watching them a daily basis that's not on the platform but on the website then we have a chart tab and I like it because of its simplicity and you know it doesn't mean that it doesn't have enough indicators it does have a lot you know it has all the tools that I need and to me for be personal this will affect from that I would prefer you know I do technicals a lot but you know I'm not you know savvy trader as you know a savvy technical analyst as Forex or day traders you know who use that a lot so for you guys this may not be the right place but for everyone else you do have everything I mean using normal platform so this is not an exceptional and it's great simple and fast and convenient and lastly we have a follow tab where you can see trades place by tastytrade people and those guys have a very experience so you can track those trades for your own reference but in general the platform works on smartphones iOS Android desktop iPads and they also have a web version of it so pretty good platform basically the same thing you got to be 18 years old you got to be a resident or a legal permanent resident internationally I'm not quite sure but if you guys want to know I just post a comment and I promise I will figure that out for you what else no account minimums here's the thing if you want to actually be able to trade on margin which probably most of you will you will have to fund your account within 60 days to be able to actually place a trade you don't have to fund it immediately so I mean you can just basically make your application open your account and you gotta found it in the 60 days and then you're good to go last thing I'll talk about here which is probably the reason I like tasty works the most that is they don't have any restrictions on what kind of options trades you want to place I hope you guys know that all firms out there have four or five levels you know depends on the firm and if you start like I did with you know with no experience with $3000 account options have options house placed me in level one and they told me that you know all I can do is I could buy calls I could buy puts and I could do a cover calls called the customer service I asked how long it takes to get from level one to level four level four basically gives you all the freedom and they told me you know typically takes two to three years and the biggest thing they also want you to have bigger account like twenty five possibly thirty thousand dollars account and you know I'm from a low-income family so that was that was a big thing to me you know so it was hard at a moment because I've been starting hard working hard to that moment reading a lot of books you know researching watching videos and boom you know they wouldn't let me do it but then tasty oaks came out in January 2017 was impressed in conclusion I give five stars for the customer service because staff was nice and kind and very helpful I give four and a half stars for the trading platform simply because it's not for everyone you know forks and day traders may not feel comfortable in the platform then I rated Commission's as the best in the industry because they have not seen anything anywhere close to tasty works and for some extra stuff you get Bob the trader and the biggest thing is you have no more tears no more levels no no restrictions do whatever trades you like just to summarize I don't see a single reason why should not have your account at a stores I mean unless you trade Forex and day trade it may be something specific I don't know about but generally if you do options futures stocks that's the best place to be like I have not used all the other firms to say that I don't think that someone is better based on the criteria is that I just gave you I don't think that someone is better than those guys and this is it thank you so much for your attention I appreciate your time and I'll put the link down below if you guys are interested I will definitely encourage you to do so it took me about it took me less than three minutes to feel to fill all the stuff in about two days to get it completely (This was a review of tastyworks) thank you so muchtastyworks review, tastyworks requirements, tastyworks pros and cons, tastyworks commisions, tastyworks options, tastyworks 2017, best broker for options, Tastyworks, best broker for options review, tastyworks platform, what is the best broker for options trading 2017, lowest commision brokers, best broker in 2017, tastyworks vs, brokers for options tradng, options trading, options trading course, options trading for beginners, best online brokers, best trading platforms
