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Our most flexible account package for active retail traders is called ‘The Works’.
The application should take you 3-5 minutes to complete.
Before you get started, make sure you have the following for each applicant:
Our standard trading account for an individual. Select either a Margin or Cash Account:
A margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products. The loan in the account is collateralized by the securities purchased and cash, and comes with a periodic interest rate. Have a look at our Margin Disclosure to understand the risks associated with trading on margin.
A cash account does not have margin benefits. That means you must be able to cover your trade's full purchase price with the money already in your account.
Our standard trading account for two people and can be a margin or cash account. Select the type of account to fit your financial goals.
A joint account type in which two owners each have a specific proportion of the account's assets. When one account owner dies, their assets are passed on to their estate.
A joint account type in which two owners have equal share of assets. When one owner dies, the surviving owner will have full rights to the account.
Regardless of the type of IRA account that best fits your retirement goals.
A retirement account eligible for persons with earned income or who file a joint return with a spouse who earns income. Allowable contributions of $6,000 in tax-deferred earned income may be made annually. Typically, earnings grow tax-deferred and are taxed at your ordinary tax rate upon withdrawal.
Individual retirement account eligible for persons with earned income. After-tax contributions are made and are available to withdraw tax-free and penalty-free at any time. Earnings may be withdrawn tax-free and penalty-free for qualified distributions.
Individual retirement account eligible for self-employed individuals and small business owners/employees. Typically, earnings grow tax-deferred and are taxed at your ordinary tax rate upon withdrawal.
Corporate accounts are opened on behalf of a legally established US entity. We currently offer C Corp, S Corp, LLC, and Partnership accounts.
A trust account can be opened on behalf of a revocable trust or an irrevocable trust. A copy of the Trust Certificate must be provided at account opening.
Margin, portfolio margin, and cash accounts are available to our international customers. We are constantly adding to the list of countries we support. Unfortunately, due to certain restrictions, tastyworks cannot accept accounts from Canada at this time.
Custodial account types established by an adult who is the custodian on behalf of a minor who is the beneficiary. The assets are transferred to the beneficiary once they are no longer considered a minor.
Established as a type of savings plan intended to contribute funds towards a student's qualified educational expenses. Contributions may be made for individuals who are under the age of 18. Qualified distributions are not taxable at the state or federal level.