Tastytrade Minimum Deposits and Account Minimums
If you have a Tastytrade account or are thinking about opening one, it's important to know how much money you need to start and maintain an investment account.
This article compiles all the crucial account minimums you should know about at Tastytrade. Please read on for more details.
Tastytrade Minimum Deposits
At Tastytrade, you don’t need to worry about minimum deposits. You can open both a cash account and a margin account without any initial deposit. If you want to try the platform before fully committing, it’s easy to open an account and use the demo.
| Tastytrade minimum deposit to open a cash account | $0 in cash and/or securities |
| Tastytrade minimum deposit to open a margin account | $2,000 in cash and/or securities |
| Tastytrade minimum initial deposit to open a ROTH IRA, Traditional IRA, Simple IRA, or SEP IRA | $0 |
| Tastytrade minimum balance requirement for a taxable account or an IRA | none |
When you decide to fund your account, it’s also useful to know about the minimums for a margin account.
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Tastytrade Margin Account Minimums
Margin accounts offer benefits like short selling stocks and increasing buying power with borrowed funds.
To use these margin features, you need to keep at least $2,000 in your account, which can be in cash, securities, or a combination of both.
Keep in mind that if you’re using securities to meet the margin minimum, their value can change. This means you might meet the requirement one day but not the next.
Tastytrade Minimum Balance Requirements
Apart from the $2,000 needed for margin privileges, Tastytrade has no other minimum balance requirements. If you don't plan to use margin, you can even keep your account balance at $0.
Tastytrade Investment Activity/Frequency Minimums
There are a few other minimums to consider at Tastytrade, especially for margin privileges.
Options Trading
Tastytrade's minimums for options trading are quite lenient. Unlike other brokers that may require a $2,000 balance for advanced options strategies, Tastytrade allows you to trade with specific balance requirements for each trade.
For example, if you want to sell a put vertical that is 5 points wide, you need at least $500 minus any credit you receive. If you receive a $250 credit for your spread, you only need another $250 in your account.
Crypto Trading
Crypto trading at Tastytrade starts with just a $1 trade minimum. Just apply for permission through your account settings, and after the broker checks that you live in a state that allows crypto trading, you can start trading almost immediately. This usually takes about a day.
Futures Trading
Futures trading at Tastytrade has specific account and margin requirements.
These requirements vary whether you are trading during the day (intraday) or holding positions overnight. For example, to hold a standard /ES contract overnight, you need at least $14,440, but for micro contracts, you only need $1,440.
Tastytrade Trading Frequency
Tastytrade does not enforce any trading frequency minimums. You are not required to make a certain number of trades to keep your account active.
Tastytrade Minimum Age Requirements
The minimum age to open and operate an account at Tastytrade is 18. Tastytrade is planning to offer custodial accounts, which would allow minors to have accounts managed by a guardian, but this is not available yet.
Tastytrade Day Trading Minimum Balance Requirements
If you want to day trade, you must keep at least $25,000 in your account. This ensures you can make more than three day trades in a rolling 5-day period. If your balance is lower, you're limited to three day trades per week.
Knowing you can meet the $25,000 minimum with cash, open positions, or both might be useful.
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Updated on 7/16/2024.
I work in investment analytics and have been investing in the market since I was in high school. I enjoy anything that involves lots of strategy (i.e. a good game of chess), which is why I was naturally drawn to investing and researching companies. Outside of investing, I’m a big fan of the outdoors. In summer, you’re most likely to find me kayaking, camping, and hiking in the mountains.
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