Recieved an answer back from TastyWorks
On Wed, Feb 15, 2017 at 1:29 AM, tastyworks | Support Team <support@tastyworks.com> wrote:
Hi David,
Thanks for your interest in tastyworks.
Unfortunately, we are not opening accounts in Australia yet. I can put your name and email address on our International list and when we are in a position to open accounts in Australia, we will notify you.
If you need any further help, please do not hesitate to contact us.
Virge666...I don't know why are you so up tight about it .. 1) with futures pair trades I was hoping the presentation will go more in to exact strategy rather than just talk about margin.. 2) reg them trading own money...if they are so good why not have a managed fund or a CTA service that way it all will be in open and scrutinized warts and all! I am not calling it a scam .. it is just that they fluff around many times.. any way
Hi there,PM me - we have a way around this.
We will be on Tasty works before the end of the month !
Hi there,
Only an infrequent visitor here so I'm not sure how to PM you - I am keen to find out more as I have struggled to find much for Aussie option traders online in terms of software. Appreciate any info you have.
Cheers
Correct. Any reasonable USA broker with a good platform is good for Australian traders. TT are dedicated to individual options traders for a VERY long time. Tom developed ThinkOrSwim to what it became. I for one hope they get past ASIC even if I just use it as a backup.I think it was the other way around. The TT boys were advocating the use of strangles and straddles and trading around them. Karen was their poster child for a while. She DEFINATLEY was not the catalyst for the research.
I lost interest in TT around that time, I watched it because I was a big fan of the TOS platform, but yeah, i found Sheridan more my speed and style. Dan Kaufmann was a great tutor too.
BUT, $1 a contract and free to close trades is the big news here. Not to mention decent software which is not available anywhere in Australia right now. I cannot find anything even remotely useful as an options trader for use in Australia. It all sux.
Virge, I don't know how to contact you but I am interested in discussing TW with you.PM me - we have a way around this.
We will be on Tasty works before the end of the month !
Wondering if there is any Australian options broker who offer any better tools compared to any of these American brokers? I don't trade AU options though, but keen to find out.
Thanks,
I had heard one way of getting around that is to open a LLC in USA, not sure if they will accept that.. try asking themMost of the Option traders I know, use Interactive Brokers or TradeStation...but there are some that do use OptionXpress. Personally, I trade E*Trade (US not ANZ's!!) and I have a nice negotiated comm structure.
However, what I really want is a good trading platform, like TOS or Tastyworks, neither of which are available to us, here in Australia.
I had heard one way of getting around that is to open a LLC in USA, not sure if they will accept that.. try asking them
@Warriortrader
how did you go with previously mentioned tastyworks account ?
Yes, very keen to open a Tastyworks account as soon as they are available in Australia. I'm a Tastytrader for past 4 years, great people, great content and its all free. Currently using IB as brokerHi,
As you may have heard, Tastytrade launched their own brokerage on the 3rd of January, 2017, called Tastyworks.
Unfortunately, Tastyworks is not available to Tastytraders to use here in Australia, because the Clearing agent that Tastytrade uses, do not have a local presence here. Funnily enough, that is the exact same situation in Canada, too.
I was wondering if tasty traders who might be on this forum would be keen to join me to make a case for us. It could be possible, but we need the numbers.
So if you are a tastytrader (well, follow the philosophy and trade through any broker) and keen on a tasty works account (tastyworks. com) drop me a personal message or feel free to respond on here.
Thanks in advance
WT
TastyTrade is an excellent free source of education and knowledge for anyone serious about trading options. I think you should know what your talking about before you condemn them.I am suspicious and so i ask. You criticise as may I.
If tasty cheesy donkeys i so good why isn't any one commenting?
I dead set love everybodys skepticism on here. but you need to come from at least some tiny bit of experience to be an educated skeptic.
I cant believe you have guys on here falling for the most basic of scams like paying $5K to manage a 20K account, but when something comes along that is FREE, from experienced traders trying to stick it to US banks with their own money and not charging you a cent nor trying to sell you anything... you get all on your high horse without the smallest of research.
1. it is a talk show, there is a lot of banter -they have to fill 6 plus hours a day of content, it would be boring as batshit if there was no banter.
2. They use ALL their own money and they publish ALL their trades and profits in the public domain. You can see the actual trades being placed live and you can also see them on the platform. ALL OF WHICH IS FREE.
3. The video you watch is about margin - yawn. Pick something good like the top dogs segment and managing straddles and strangles. Watch the Rachel series on Where do i start. Again ALL FREE.
Dude, do some research, more than 7 minutes worth and work out for yourself if it suits your trading personality. I have been doing this for over a decade and i make money doing it. Not massive amounts, but easily 4 times what the benchmark is each year and i do it without looking at a screen all day.
Again may not be your style, you may want to sell futures and go direction based on Tech signals, if that is the case - then this is not for you. This is maths based trading, nothing more and nothing less.
But the question i put to you - is how does tastyworks makes money, that is what you need to find out to see if it is a scam. It is what you should ask anyone who wishes to sell you something in this sector.
PEACE
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