Account Types

• Individual margin account

• Access to trade all available products:

  • Stocks
  • Covered and uncovered options
  • Covered and uncovered option spreads
  • Futures
  • Options on futures
• Access to use any options trading strategy available on the tastyworks platform
• Portfolio Margin available for accounts with appropriate suitability. Learn More.

Margin

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.

Cash

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.

Tenants in Common (TIC)

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.

With Rights of Survivorship (WROS)

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.

Traditional IRA

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.

Roth IRA

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 Earnings may be withdrawn tax-free and penalty-free for qualified distributions.

SEP IRA

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.

Beneficiary Traditional IRA

A retirement account that is opened when a designated beneficiary inherits an IRA after the original owner is deceased. Similarly to the original Traditional IRA, qualifying contributions are generally made with "before tax" money, profits are able to grow "tax-deferred", and qualifying withdrawals are taxed at your ordinary income rate.

Beneficiary Roth IRA

A retirement account that is opened when a designated beneficiary inherits a Roth IRA after the original owner is deceased. Similarly to the original Roth IRA, required minimum distributions are generally tax free.