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Looking for a tastytrade referral code or tastytrade referral code? tastytrade has one of the most generous referral programs among stockbrokers today. You are eligible to receive one referral credit (worth $250) for every successful referral to tastytrade. To receive the referral bonus, you must refer a friend, and your referral must fund their account with at least $5,000 within 60 days. If you need a referral, you can use our tastytrade referral code: GNXN4FRRTW to sign up!
Before we tell you more about the tastytrade referral program, we want to tell you why you should use tastytrade:
- tastytrade is hands down the best brokerage firm for options trading. This is not just our opinion. Check out Investopedia’s rating of the best online brokers.
- We have tried several stock and options trading platforms, and none compare to tastytrade in terms of ease of use and features. We love tastytrade, use it to trade options, and highly recommend it to anyone who is serious about options trading. Disclaimer: we are not affiliated with tastytrade, tastylive, or tastytrade.
| tastytrade Referral Program | |
|---|---|
| 📜 tastytrade Referral Code | GNXN4FRRTW |
| 💰 Referring Gets | $250 |
| 💲 Initial Deposit | $5000 |
| 📆 Get Paid In | 1-2 Weeks |
What is tastytrade Referral Code?
The tastytrade referral code is a 10 character alphanumeric code that you will find in your tastytrade account. For example, our tastytrade referral code is: GNXN4FRRTW.
Currently, the tastytrade referral program rewards only existing users for every successful referral. tastytrade has had other generous promotions for new users in the past as well. To receive the tastytrade referral bonus, new users must sign up with a tastytrade referral code (or link), fund their brokerage account with $5000 within 60 days, and maintain the initial deposit for 90 days. Once the referral program requirements are met (2-3 days after the initial deposit), existing users will receive one referral credit. Referral credits may be exchanged for cash bonus or various merchandise as shown below:
- 2 Referral Credits: Google Home ($150)
- 5 Referral Credits: Chicago Food Package ($500)
- 10 Referral Credits: 1 Year of High-Speed Internet Access ($1,000)
- 20 Referral Credits: Trip for 2 to Chicago ($2,000)
- 50 Referral Credits: Apple Package ($5,000)
- 750 Referral Credits: Tesla Model S ($75,000)
Where is the tastytrade Referral Code?
The way the tastytrade website is set up, it’s a little confusing to find your referral link or check the status of your referrals. To get your referral code or check the status of your referrals, go to tastytrade login and click on the Home button on top of the page.
Once you are in the home page, navigate to the bottom of the home page and you will see a button that says “Generate Your Referral Link”. When you click on the button you will see your link, the number of people who have used your tastytrade referral code. Additionally, you will see the number of people who have used your referral code and funded their brokerage account. Your unique tastytrade referral code is the last 10 digits of your referral link.
Where to Enter tastytrade Referral Code?
You only get one chance to enter the tastytrade referral code and that’s before you sign up. Luckily, it’s easy to find the “Referral Code” text on the first page of the sign up process. If you need a referral code, you can use GNXN4FRRTW to sign up. Just so you know, you will not get a bonus when you sign up with another customer’s referral code. At this time, only existing users of tastytrade receive a referral bonus for every successful referral.
Occasionally, tastytrade offers free stock promotions and to get those you need to enter a referral code that is provided by tastytrade. Regardless, all referral codes must be entered during the sign up process. Earn your tastytrade sign up bonus today!
How to Redeem tastytrade Referral Bonus?
You can redeem your tastytrade referral credits once you have at least two funded referrals. It may be tempting to cash out your credits as soon as you have two credits. However, if you can wait to redeem them until you have at least 5 credits, you will earn more cash!
Clicking on “Redeem Now” will take you to a page where you can select your prize. You can redeem your tastytrade referral credit for the following items or cash deposited into your tastytrade account. Personally, I like to redeem the prize in cash and it makes more sense to redeem credits in 5 credit increments.
Refer 5 friends and get $500 Referal Bonus ($100 per referral)
You can claim your referral bonus once you have referred at least two friends to tastytrade. However, if you cash out 2 referral credits you will only get $75 per referral. To get $100 per referral, you must redeem at least 5 credits. Do you have 5 friends who could open and fund a tastytrade account with $2,000? If so, it’s worth waiting to get the $100 per referral bonus.
How long will it take to get your tastytrade referral prize?
You have redeemed your tastytrade referral credits and are wondering when you will get your referral prize or cash. Interestingly, this depends on the time of the month you redeemed your referral credit. According to the tastytrade website, all referral credit prizes are processed at the end of each calendar month and delivered to your account within 1-2 weeks. Based on my experience, prizes are delivered around the 15th of the following month.
tastytrade Promotions
As a new broker in an already competitive stockbroker landscape, tastytrade is investing quite a bit on new user acquisition with very generous promotions. Currently, tastytrade has 2 active promotions:
$2000 Tiered Offer Promotion for 2023
With this tastytrade tiered promotion, you can earn a cash bonus when you fund your tastytrade account. To be eligible for this promo, don’t forget to include the tastytrade referral code: TIERED_2023 in the tastytrade referral code field. Also, existing customers must receive an email from sponsor validating they are eligible to participate in the 2023 tiered Promo.
This promotion is valid today until March 31, 2023 and bonus amount depends on funding amount.
| Bonus Amount | Funding Amount |
|---|---|
| $100 | For a deposit of $5,000 - $24,999 |
| $500 | For a deposit of $25,000 - $99,999 |
| $2,000 | For a deposit of $100,000+ |
$500 Sign Up Promotion (Expired)
In November of 2021, tastytrade started to offer a $500 bonus to new users of its platform when they sign up and fund their account with at least $10,000. This offer seems to have replaced the recently expired 100 shares or 10 options bonus, and it’s tastytrade best sign-up promotion so far. The only catch is that you need to fund your account with more initial cash than the former $2,000.
$250 Trading Challenge Promotion (Expired)
With this tastytrade promotion, you can get paid $250 for trying out the tastytrade platform. To take advantage of this promotion, you must have an eligible account funded with at least $2,000 USD. However, you won’t actually trade with your own money. Instead, tastytrade will fund your account with $5,000 USD and you’ll have 2 days to make $250 with their money. Read more details about this promotion and how to sign-up in our other post.
$200 Crypto Promotion (Expired)
If you are a cryptocurrency trader, you can receive up to $200 in free cash when you sign-up and fund your tastytrade cryptocurrency account. To qualify for this promotion, you must be a U.S. Citizen, not live in New York or Hawaii, be over the age of 18, and not have opened tastytrade account before. To receive the tastytrade $200 crypto promotion, open and fund your tastytrade account with $2,000 before 12/31/2021. You may also fund your account with $200, in which case you will only receive $50 worth of crypto. You can learn more about this promotion in our tastytrade promotions post.
100 Free Stocks Promotion (Expired)
This promotion is expired but we thought you may still be interested to read about it. In 2020 and part of 2021, tastytrade was offering 100 free stocks to new users when they signed up and funded their accounts with at least $2,000 USD. According to the promotion terms, the stocks were priced between $1 and $6 USD, with 70% chance of being under $2 USD and 30% chance of being over $2 USD. This promotion expired sometime between September and November of 2021. Will it come back? We hope so!
Active Options Traders
tastytrade is a trading platform developed by the brains who created the highly popular ThinkorSwim platform. The platform is designed for the active trader who is primarily interested in trading derivatives. tastytrade founder Tom Sosnoff and co-host Tony Battista produce live TV segments Monday through Friday on options and futures trading that you can watch using the embedded video viewer.
tastytrade: An Overview
Unlike some of the competitor platforms, tastytrade was built from scratch using modern tools including middleware. As a result, tastytrade can handle unthrottled data transfer and has an overall improved performance. tastytrade is geared more towards the active options trader and their investment offerings reflect that. Unfortunately, you can’t trade bonds or mutual funds on their platform. However, you can trade U.S. stocks and ETFs, futures, and options (on stocks and futures). If you are interested in buying passive products, such as mutual funds, you can still call the trade desk to buy some.
Did we mention that you can get up to $75,000 in cash deposited in your trading account by tastytrade? That’s correct, if you start referring friends tastytrade will pay for your investment. You can use our tastytrade referral code GNXN4FRRTW if you want to support our efforts to provide you reviews like this. Read our tastytrade Review to know if tastytrade is the best broker in 2023.
Before I start with the review, I just want to leave a short note on the fast development and improvement of tastytrade. Since its launch, the tastytrade team has added many new great features. If a feature seems missing to you, chances are high that they will implement it later down the road. Additionally, tastytrade offers a lot of exciting and generous sign-up promotions. Read my other review for the full list of the current active tastytrade promotions.
tastytrade Trading Platforms
Desktop Platform
tastytrade offers different trading platforms for various needs. The desktop platform, which is their flagship platform, gives you higher-powered speed with a particular emphasis on high-volume trading. Additionally, the desktop platform supports multi-account management with an intuitive dashboard layout and workflow. Ultimately, this is a market tool that will keep you up-to-date on news. It offers blazing-fast pass-through technology, all with very little in the way of demand on your computer.
Other great features include excellent charting, analytics, and the ability to access tastytrade videos and news from the tastytrade cast of analysts. Furthermore, the desktop platform gives you all of the technical analysis and information that you need to trade the markets.
Browser Platform
There is also a browser-based platform that you can use, for those who prefer to trade within a browser. Even though it is a browser-based client, it is extraordinarily robust and able to be accessed from any computer with Internet access. You get all the same functionality as the desktop version, but with a light footprint that you can use anywhere.
The browser version is completely customizable just as the desktop version. It can be saved on the cloud so that your trading environment is the same regardless of where you are accessing it from. One of the competitors of tastytrade is TD Ameritrade, know how these two platforms compare in tastytrade vs TD Ameritrade.
Mobile Platform
The tastytrade app is a fully functional and robust mobile app that you can use on both iOS or android. The mobile app is fast enough to trade a moving market, while on the go. Expectedly, the mobile app follows the same layout as the web and desktop platforms.
Unfortunately, some features are not yet available on the mobile platform. For instance, you cannot access your tastytrade referral code or check your referral credits. Overall, the mobile app complements the web and desktop platforms. It allows you to keep an eye on the financial markets and take advantage of opportunities wherever they happen.
tastytrade Commissions and Fees
Commissions and fees are where tastytrade truly shines. tastytrade offers zero commission for opening and closing stock and ETF positions. Options on stocks are charged at $1.00 per contract for opening a position, with a maximum of $10.00 per leg. Closing stocks options positions is free! Options on futures are only $2.50 per contract, while closing is free. Futures markets are traded at $1.25 per contract per side.
These are extraordinarily low costs, which of course can help over the longer-term. What is of particular interest is the fact that stock trading is free to open and close, regardless of the size of the trade. If you are trading large amounts of stock, that could truly make a massive difference down the road. You would be hard-pressed to find better pricing on futures as well.
Capped Commissions on Equity Option Trades
tastytrade has also launched their next commission modification: capped commissions. As a result, now you pay a maximum of $10 commission per options trade leg. Below, you can find some examples of how capped commissions impact each trade:
- 100 Puts or Calls (one leg) would have normally cost you $100 in commissions alone ($1 per contract). Now, the exact same trade would cost you $10 in commissions. The low commission is revolutionary compared to other brokers. Just to give you an example, at the time of this writing (April 2020), the same trade would cost you $65 in fees at TD Ameritrade. Additionally, you would pay $65 to close that trade at TD Ameritrade.
- 200 Credit Spreads (two legs) would normally cost you $400 ($2 commissions per spread). This and other spreads with two legs is now capped at $20 in commissions. I don’t know what to say more…
tastytrade Review Summary
In conclusion, tastytrade is an ideal platform for active stock options and futures traders. It’s a platform designed by traders for traders. For those who like trading advice, the tastytrade network host and tastytrade co-founder, Tom Sosnoff, offers a truly unique trading experience live every Monday through Friday. The social trading aspect of the tastytrade platform is very innovative. You can follow other professional traders and duplicate their trades. As discussed above, commissions and fees are where tastytrade truly shines.
If you are looking for a low-cost professional trading platform, look no further than tastytrade. I hope you liked this review. If you plan to open a tastytrade account, use our tastytrade referral code GNXN4FRRTW to support future reviews.
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