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Review of TastyTrade’s Mobile App
Instead of using TastyTrade’s desktop program or browser platform, you may want to use its mobile app. The software has both strengths and weaknesses. For the full story, keep reading.
TastyTrade’s iPhone App
Tastytrade has a decent, although not outstanding, app for iPhone. The app requires iOS 14.0 or later, so it’s important to keep your phone up to date with the latest software releases. Tastytrade itself is keeping its app up to date. It released version 3.4.0 last week.
The tasty app has a lot to rave about. During our investigation, we really liked Touch ID, which makes getting into the app quite easy. A good place to begin once inside is with a watchlist.
The main menu in the bottom has a watchlist icon. Tapping on this produces a collection of watchlists, which can be shuffled at the very top (just look for the down arrow). Tapping on an entry creates a small profile of the asset. This small profile has links for:
Charting
Quote details
Upcoming events
Trade ticket
The order ticket is quite impressive. For example, bracket orders are integrated with every stock trade. It’s easy to swipe from one to another to create take-profit and stop-loss orders.
Option orders have plenty of nice features like trade side selectors (buy or sell to open) along with profit-loss diagrams. What we don’t like about these diagrams is that they can’t be displayed horizontally. The trade ticket itself can’t be displayed horizontally, and this can clutter up the layout.
Another weakness of the app is that charting is on a very low level. There are no tools of any kind, and there is only one display style (candlestick). Despite these drawbacks, it is possible to display an OHLC window over a plot point (just tap in the area), and a graph can be shown either vertically or horizontally.
One addition we would like to see on the app is mobile check deposit. There is also no electronic transfer tool, another major oversight.
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TastyTrade’s iPad App
There is also a Tastytrade app designed for iPad. Like the phone app, this one requires iOS 14.0 or higher. A bigger screen will definitely help with options trading. The trade ticket has a graphical mode (called curve mode on the app). To switch to curve mode on the trade ticket, just tap on the three horizontal lines (this icon represents table mode, which is the default layout).
Once in curve mode, contracts can easily be dragged along a horizontal strike axis. Short contracts are displayed in red, while green represents long contracts.
The iPad app has the same blunders as the iPhone app, such as lack of mobile check despite. Despite the weaknesses of the software, tasty investors do seem to like the Apple app. It currently has a rating of 4.8 out of 5.0. This grade is based on roughly 2,500 customer ratings.
tasty traders have criticized the app for frequent crashes and a lack of an HTB (hard-to-borrow) icon. Other reviews have praised the app for its option tools. In many cases, Tastytrade responds to the reviews on Apple’s site.
Tastytrade Mac and iPod Touch
The Tastytrade Apple app can also function on Macs running macOS 11.0 or later with an Apple M1 chip or higher. An iPod touch device can run the app if it uses iOS 14.0 or later.
TastyTrade’s Android App
The app we have just looked at is available in Android form. It was updated to version 3.5.1 literally just days ago. It does require Android 8.0 or higher to run correctly. The app’s rating on Google Play is 4.0 out of 5.0. Over 700 users have commented on issues such as decreased battery life and quick customer service response time.
Like the Apple version, this app has advanced trading tools plus a tastytrade section, which presents lots of educational resources. There is also a discrete tastytrade app for users who want to focus solely on education. We’ll turn to that platform now.
tastytrade App
tastytrade is the company’s educational platform, so this is a good place to learn about a lot of trading issues, especially in the realm of options and futures. A live broadcast is available during market hours, and there are lots of on-demand videos.
The tastytrade app works with Apple and Android phones and tablets.
The Android app has a small review sample (just 341 reviews), but the score is good: 4.2 out of 5.0.
Over on the App Store, we found a slightly lower grade: 4.1 out of 5.0. The number of reviewers is just 61.
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The dough App
An affiliated company of Tastytrade, dough, has recently closed its doors for good. The dough app no longer functions on any mobile device. It has been removed from all app stores as well.
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dough by Tastytrade
Tastytrade was apparently sad to see dough retire, so it created a “dough by Tastytrade” app. The platform can be used to access Tastytrade accounts (but not dough accounts). The software has the same layout and tools that the old dough app had, so it’s a good platform to use for old dough clients who have Tastytrade accounts.
On the App Store, the app has a rating of 4.6 out of 5.0, which is quite good. The software is only intended for phones running iOS 11.0 or later. It can function on Mac machines with macOS 11.0 or later (in conjunction with an M1 chip or higher).
Android phones require Android 5.0 or later to run the software. The latest release is version 1.14.0. The grade of this app is not good. Nearly 30 reviewers give it a 2.8 out of 5.0. Users cite problems with logging in, order entry, and adding securities to a watchlist.
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Updated on 4/7/2023.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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