Experienced severe lag and even disconnection using tastytrade platform the other day where all-time highs were reached. Maybe the platform couldn't facilitate the high traffic and volume that day. That day was the worst of the worst experiences i've had with their desktop and mobile app but ordinarily, there is still some degree of annoying lag such as when waiting for strike prices to load and update.
Months before this, the platform was down and appeared to be a user-wide experience, so you couldn't trade at all for the first couple of hours on that day.
It's a shame because otherwise the TT interface might just be one of the best out there.
In your guys' experience, which options trading platform(s) don't have these problems as much or at all and has led to a good user-experience for you?
Posted by lame_mirror
3 Comments
All brokers have some issues so there is no way around these once in a while.
The apps are software connected to the internet and run from your computer, so there can be failures at any point along the path . . .
If you want the best, it would be a Bloomberg Terminal at a cost of $2K per month – [Bloomberg Terminal – Wikipedia](https://en.wikipedia.org/wiki/Bloomberg_Terminal)
Have you tried using the Tastytrade web platform? It’s a good alternative if the desktop version isn’t working.
If you’re considering switching brokers or platforms, some popular options include ThinkorSwim, TradeStation, Interactive Brokers, E*Trade, and Tradier.
For lower-cost options (though some may have limited strategies or be Chinese-based), you could look into Robinhood, Firstrade, Webull, Moomoo, and TradeUP.
All of these platforms are free to join, so you can explore them and see which one best suits your trading strategies and preferences.
Navigating the world of options trading platforms can be crucial for a smooth trading experience. While individual preferences vary, I can provide some insights based on popular platforms:
1. **Robinhood**: Known for its user-friendly interface and commission-free trading, Robinhood is a good choice for beginners. However, it’s essential to note that Robinhood faced some technical issues during high volatility periods in the past¹.
2. **Interactive Brokers (IBKR Lite)**: With no trading commissions and a robust platform, Interactive Brokers caters to both beginners and professionals. It’s known for its reliability and advanced features¹.
3. **Charles Schwab**: Offering $0 per online equity trade, Charles Schwab provides a solid platform with a wide range of investment options. Their customer service is also highly regarded¹.
4. **E*TRADE**: E*TRADE is suitable for casual options trading. It offers a user-friendly interface and educational resources for traders of all levels³.
5. **Merrill Edge**: If you’re new to options trading, Merrill Edge is a good starting point. It provides a straightforward platform and educational materials³.
Remember that individual experiences may vary, so consider your specific needs and preferences when choosing a platform. It’s also a good idea to explore demo accounts or trial versions to test the platforms firsthand. Happy trading! 📈🚀¹²³
Source: Conversation with Copilot, 6/6/2024
(1) Online brokers for options trading. https://bing.com/search?q=best+options+trading+platform.
(2) 5 Best Options Trading Platforms & Brokers June 2024. https://www.stockbrokers.com/guides/optionstrading.
(3) Best Options Trading Platforms: Picks for 2024 – NerdWallet. https://www.nerdwallet.com/best/investing/options-trading-brokers.
(4) 9 Best Options Trading Platforms, Brokers, Apps & Software in 2024. https://www.wallstreetzen.com/blog/best-options-trading-platforms/.
(5) Getty. https://media.gettyimages.com/id/1233944865/photo/in-this-photo-illustration-a-robinhood-markets-logo-seen-displayed-on-a-smartphone.jpg?b=1&s=612×612&w=0&k=20&c=EmUFfUBETpNzhk5nAwGIniH2E4JDoTjEJTWmHfgDm7c=.
(6) Getty. https://media.gettyimages.com/photos/new-york-charles-schwab-founder-of-the-nations-largest-discount-firm-picture-id515207008?b=1&k=20&m=515207008&s=612×612&w=0&h=NbjcG5mMrouenuhkx5MF0Fwz3H-Bdocdo8v9asgYyyw=.