The Works

Our most flexible account package for active retail traders is called 'The Works'.

  • 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.


I Want 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:

  • Social security number or ITIN
  • Email address
  • A physical mailing address
  • Full name of each applicant

Individual

Our standard trading account for an individual. Select either a Margin or Cash Account:

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.

Joint

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.

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.

Retirement

Regardless of the type of IRA account that best fits your retirement goals.

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.

Corporate

Corporate accounts are opened on behalf of a legally established US entity. We currently offer C Corp, S Corp, LLC, and Partnership accounts.

Trust

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.

International

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.


Ready to trade?

Open an account

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Custodial

UGMA/UTMA

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.


Coverdell

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.


tastyworks does not provide investment, tax, or legal advice. tastyworks’ website and brokerage services are not intended for persons of any jurisdiction where tastyworks is not authorized to do business or where such products and other services offered by the Firm would be contrary to the securities regulations, futures regulations or other local laws and regulations of that jurisdiction. Options involve risk and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially significant losses. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Futures accounts are not protected by the Securities Investor Protection Corporation (SIPC). All customer futures accounts' positions and cash balances are segregated by Apex Clearing Corporation. Futures and futures options trading is speculative and is not suitable for all investors. Please read the Futures & Exchange-Traded Options Risk Disclosure Statement prior to trading futures products.

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