Plum vs tastytrade - BrokerCue
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Broker Comparison

Plum vs tastytrade

Compare Plum and tastytrade side by side: fees, regulation, platforms.

Plum

Plum

Automated savings and beginner investors

Plum is a UK savings and investment app that automates saving, offers ISA, SIPP, mutual funds, and 3,000+ indโ€ฆ

VS
tastytrade

tastytrade

Active options, futures and multi-asset traders

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and โ€ฆ

Head-to-head comparison

Plum vs tastytrade
Feature Plum tastytrade
Minimum deposit - -
Stock trading fee 2 free lifetime trades then: ยฃ0.50/trade (Basic), ยฃ0.15/trade (Plus), ยฃ0.05/trade (Boost), ยฃ0.00/trade (Max); FX fee 0.60% (Basic), 0.45% (Plus), 0.30% (Boost), 0.15% (Max) per trade $0 opening commission; $0 closing commission
Regulators FCA FINRA, SIPC, NFA, CFTC, NYDFS
Best for Automated savings and beginner investors Active options, futures and multi-asset traders
Markets & account
Stocks
ETFs
-
Forex
-
Crypto
-
Options
-
Futures
-
Funds
-
Fractional Shares
Investment Plans
Ready Made Portfolios
-
Money Market Funds
-
Isa
-
Sipp
-
Savings Vaults
-
Margin
-

Pros & cons

Plum

Plum

Pros

  • Free Basic plan with automated savings and stock access
  • Stocks and Shares ISA and SIPP available on paid tiers
  • Fractional stock investing from ยฃ1
  • 3,000+ individual US company stocks available
  • 26 curated mutual funds from Vanguard and BlackRock
  • FCA-regulated with FSCS protection up to ยฃ85,000 on investments
  • Automated savings powered by spending analysis
  • Multiple savings account types including Cash ISA and Lifetime ISA

Cons

  • Individual stocks cannot be held inside the Stocks and Shares ISA - only mutual funds are ISA-eligible, leaving stock gains potentially subject to capital gains tax
  • Only 26 mutual funds available, a narrower range than dedicated investment platforms
  • Stacked fees on paid tiers: subscription fee plus platform fee plus fund manager fee
  • Two free lifetime trades then a per-trade charge on Basic and Plus plans
  • Crypto available only for EU/Cyprus users via Bitpanda; not available to UK customers
  • No demo or practice account
  • Fund access requires a paid subscription; Basic plan is limited
tastytrade

tastytrade

Pros

  • Stock and ETF trades have $0 opening and closing commissions
  • Stock and ETF options close for $0 per contract
  • $10 max commission per leg on stock and ETF options
  • Fractional shares have $0 opening and closing commissions
  • Recurring ETF investments from $5 to $100K
  • API supports read, write and trade access
  • Crypto holdings can transfer to external wallets
  • No minimum account balance for CME futures in a margin account

Cons

  • Crypto markup/markdown is 50-75bp of executed order price
  • Crypto is not covered by FDIC or SIPC
  • Crypto cannot be traded on margin
  • Stablecoin withdrawals are not currently supported
  • Futures accounts are not protected by SIPC
  • IRA futures need $25,000 for standard CME contracts
  • Basic margin accounts cannot trade futures
  • Cash accounts cannot trade forex or futures
Plum

Plum

Plum is a UK savings and investment app that automates saving, offers ISA, SIPP, mutual funds, and 3,000+ individual stocks via a tiered subscription model.

Your capital is at risk. Other fees apply.

tastytrade

tastytrade

tastytrade is a multi-asset broker focused on active traders, with stocks, ETFs, options, futures, forex and crypto plus web, desktop, mobile and API access.

Your capital is at risk. Other fees apply.

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