The minimum deposit amount required to register a live trading account with TastyWorks is $0.00. This minimum deposit is equivalent to R 0.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
TastyWorks At a Glance
| Broker's Name | tastyworks |
| 🏛️ Headquarters | Chicago, United States |
| 📅 Year Founded | 2017 |
| ⚖️ Regulating Authorities | FINRA, NFA |
| 🌐 Countries not accepted for trade | Canada |
| 📌 Accounts | The Works account Individual account Joint account Retirement account Corporate account Trust account International account |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | No |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | None |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | None |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | ACH Cheque Inter-broker transfers Bank Wire Transfers |
| 💳 Withdrawal Options | ACH Cheque Inter-broker transfers Bank Wire Transfers |
| 📊 Platform Types | tastyworks web-based, desktop and mobile trading platform |
| 📶 OS Compatibility | Windows, web browsers, iOS, and Android |
| 📈 Tradable assets offered | Stock options Stocks Futures Micro Futures Small Futures |
| 💬 Languages supported on Website | English |
| 💬 Customer Support Languages | English |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Overall Rating
4.4/5
Rated #593 of
Recommended FX Brokers
Minimum Deposit
–
Regulators
–
📱 Trading Desk
–
₿ Crypto
–
📈 Total Pairs
–
Islamic Account
–
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
–
Choose your quick section of our TastyWorks below.
TastyWorks Minimum Deposit – 8 key point quick overview:
TastyWorks At a Glance- TastyWorks Overview
- TastyWorks Deposit fees and deposit methods
- Step-by-step guide to depositing the minimum amount to a TastyWorks account
- TastyWorks Customer Reviews
- TastyWorks Pros and Cons
- TastyWorks Conclusion
- Frequently Asked Questions
TastyWorks Overview
With TastyWorks, no minimum deposit is required.
Nonetheless, TastyWorks advise that traders deposit around $ 2 000 to gain access to full margin privileges on a margin account.
This amount is equivalent to ZAR 29,312.20 or South African Rand at the current exchange rate, at the time of writing.
TastyWorks, Inc. is registered as a broker-dealer and is also a member of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA).
These are two regulatory authorities that operate in the United States. Traders are also protected by the Securities Investor Protection Corporation (SIPC) scheme. This scheme offers protection against the loss of cash and/or securities should the broker go bankrupt. The SIPC offers a limit of $ 500 000 for securities and $ 250 000 for cash.
The broker headquarters is in Chicago, United States and offers services locally and internationally except for Canada.
As a regulated broker, TastyWorks is required to keep client funds separate from the broker account. These funds may only be used by clients for trading activities and the funds must be available for withdrawal by traders at any given time.
TastyWorks Deposit fees and deposit methods
TastyWorks offers traders the following payment methods which can be used when making deposits:
- ACH
- Cheque
- Inter-broker transfer
- Bank Wire Transfer
The USD is accepted as a deposit currency.
Depending on the payment methods used, TastyWorks charges deposit and withdrawal fees. Traders should also verify whether their financial institution waives its fees as there may be additional fees payable.
Step-by-step guide to depositing the minimum amount to a TastyWorks account
1. Step 1 – Log into your registered account
Navigate to the TastyWorks webpage and select the login function.
2. Step 2 –Complete login
Complete all information requested and select login.
3. Step 3 – Make a deposit.
Select an account and the option to make a deposit and follow each prompt to successfully make your deposits.
TastyWorks Customer Review
Tastyworks is by far the best trading platform
Tastyworks is by far the best trading platform for anyone, novice or pro. I’ve been with them since their inception. Also, and of great importance, these days, is their support team. It is the most knowledgeable in the business. My question and concerns are answered quickly.
Incredible customer support, transparency
I have needed help on a few different things – PDT maintenance call, the platform, funding a second account, etc. Tastyworks’ customer service is incredible. They also went out of their way to explain why certain securities were set to close trades only.
I’d like to point out that I had a…
I’d like to point out that I had a question concerning interest that I thought was unfairly charged to my Tastyworks IRA. My email to their help desk received IMMEDIATE attention from Stephen who provided a clear and detailed explanation of what happened. He also provided even more detail to a follow-up question.
I know, from experience, that my other, much larger, the online broker would have taken at least 24 hours to research and respond.
Thank you.
TastyWorks Pros and Cons
| ✔️ Pros | ❌ Cons |
| Offers competitive fees | Clients from Canada not accepted |
| Offers margin and cash trading | No demo account |
| Offers various account types | No Islamic Account |
| Regulated through FINRA and NFA | No MetaTrader 4 |
| Offers competitive and attractive trading conditions | No negative balance protection offered |
| Provides a 45-minute interactive demonstration | Not suitable for beginner traders |
| Does not indicate any overnight fees | No welcome bonus, deposit bonus, or sign-up bonus offered |
| Spreads are not charged | No referral bonus offered |
| The proprietary trading platform offered across multiple devices | No trading bonus for loyal customers |
| Demo account not provided | |
| Commission charged are high | |
| Does not support online payment processors | |
| Multiple trading and non-trading fees | |
| No forex, CFD or cryptocurrency trading |
TastyWorks Conclusion
Overall, The minimum deposit amount required to register a live trading account with TastyWorks is $0.00. This minimum deposit is equivalent to R 0.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
You might also like: TastyWorks Account Types
You might also like: TastyWorks Demo Account
You might also like: TastyWorks Fees and Spreads
You might also like: TastyWorks Review
You might also like: TastyWorks Sign Up Bonus
Overall Rating
4.4/5
Rated #593 of
Recommended FX Brokers
Minimum Deposit
–
Regulators
–
📱 Trading Desk
–
₿ Crypto
–
📈 Total Pairs
–
Islamic Account
–
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
–
Frequently Asked Questions
Can I make deposits in ZAR to a TastyWorks account?
Yes, Deposits to <a href=’https://sashares.co.za/tastyworks-minimum-deposit/’>TastyWorks</a> accounts can be made in ZAR.
How long does it take to make a withdrawal from TastyWorks?
If the withdrawal is made before 1:00 pm Central Time (Chicago Time) (8 pm South African Time) on weekdays (excluding non-bank holidays) it will be processed the same day and sent out overnight or the following day. Funds typically show up in your bank account within 1-3 business days.
How much money is needed to open a TastyWorks account?
TastyWorks does not state a minimum deposit requirement to open a live trading account, which makes it attractive for traders looking for a low-barrier/no-barrier entry broker to start trading with.
How do I make a deposit and withdrawal from TastyWorks?
Deposit and withdrawal methods for TastyWorks include:
- ACH
- Cheque
- Inter-broker transfer
- Bank Wire Transfer
Does TastyWorks charge withdrawal fees?
Yes, the following withdrawal fees apply:
- Outgoing Domestic Wire – $25
- Outgoing Foreign Wire – $45
- Reorg Wire Fee – a minimum of $25
- Domestic Cheque – $5
- Foreign Cheque – $5
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