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tastytrade vs Citi Self Invest 2024

StockBrokers.com

Written by StockBrokers.com

October 30, 2024

In this head to head comparison of tastytrade vs Citi Self Invest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

tastytrade
4/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): $0.50 info
Citi Self Invest
3.5/5 Stars Overall
  • Minimum Deposit: $0.00
  • Stock Trades: $0.00
  • Options (Per Contract): N/A

Investment options

When comparing tastytrade with Citi Self Invest, it's clear that investors looking for a wide variety of trading options might find tastytrade more appealing. With ratings of 4 stars versus Citi Self Invest's 2.5 stars for investment options, tastytrade offers a diverse range of features including stock, margin, fractional shares, options, futures, and crypto trading, as well as traditional and Roth IRA accounts. Meanwhile, Citi Self Invest is more limited, primarily providing stock trading, mutual funds, and IRA options, but lacking in margin, options, futures, and crypto trading. Consequently, tastytrade ranks 11th out of 18 brokers on StockBrokers.com, while Citi Self Invest falls behind at 18th place.

Tastytrade caters to investors interested in exploring a wide spectrum of trading products. Offering stock trading, margin trading, fractional shares, options, futures, and access to four crypto coins, tastytrade allows for robust investment strategies in both traditional and modern markets. While it does not cater to OTC stocks or mutual funds, the availability of traditional and Roth IRA accounts rounds out its investment offer, enabling both immediate trading flexibility and long-term financial planning.

On the other hand, Citi Self Invest provides a more conservative approach to investment, presenting stock trading and mutual funds as its core offerings. It appeals to those who prefer standard avenues of investment, without the complexities of margin or options trading. While it does support both traditional and Roth IRA accounts, the platform’s lack of futures, crypto, and other diverse trading instruments may limit its appeal for investors seeking a more comprehensive trading and investment experience.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes info No
OTC Stocks info No No
Mutual Funds info No Yes
Options Trading info Yes No
Futures Trading info Yes No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 4 0
Investment Options 4/5 Stars 2.5/5 Stars

Dive deeper: Best Options Trading Platforms for 2024, Best Futures Trading Platforms for 2024

Trading platforms and tools

In comparing the trading platforms and tools of tastytrade and Citi Self Invest, tastytrade emerges as the superior choice with a 4.5-star rating, ranking 6th out of 18 brokers according to StockBrokers.com. In contrast, Citi Self Invest garners a modest 2.5-star rating, positioned at 16th. This assessment underscores tastytrade's extensive feature set and superior user experience, distinguishing it markedly in the competitive landscape of online brokers.

tastytrade offers a comprehensive suite of options for platform accessibility, including downloadable platforms for both Windows and Mac users, alongside a robust browser-based platform. In contrast, Citi Self Invest only supports trading via a browser-based platform, not accommodating desktop app users. Additionally, tastytrade excels in providing advanced charting features with an impressive array of 308 technical indicators and 31 drawing tools, as well as functionalities like adjusting open orders directly on stock charts, adding notes, and displaying historical trades and corporate events on charts. Citi Self Invest, however, does not offer any technical indicators or drawing tools, significantly limiting its chart analysis capabilities.

Both platforms fall short in providing paper trading and trading journals. However, tastytrade's offering of 33 columns for watch lists vastly outmatches Citi Self Invest, which does not provide this feature at all. Furthermore, tastytrade allows users to create custom studies for charts and save multiple chart profiles, enhancing the personalization and depth of their trading analysis. Despite both platforms having room for improvement, particularly in automated technical analysis, tastytrade's extensive offerings in trading customization and technical analysis position it as the more versatile and dynamic choice for traders.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Web Trading Platform info Yes Yes
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Paper Trading info No No
Watch Lists - Total Fields info 33 0
Charting - Indicators / Studies info 308 0
Charting - Drawing Tools info 31 0
Platforms & Tools 4.5/5 Stars 2.5/5 Stars

Dive deeper: Best Stock Brokers & Trading Platforms for 2024, Best Paper Trading Platforms for 2024

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Beginners and education

When evaluating the educational offerings for beginner investors, tastytrade distinctly outshines Citi Self Invest. Tastytrade provides comprehensive education in stocks, ETFs, and options, making it an ideal choice for those seeking in-depth insights into these markets. While both platforms do not offer education on mutual funds or bonds, tastytrade further elevates its investor education capabilities by offering webinars and the ability to track learning progress. In contrast, Citi Self Invest lacks stock, ETF, and options education, offering only educational quizzes and learning progress tracking among its limited resources.

Tastytrade's robust educational offerings and resources have earned it a commendable 4-star rating, securing its position as the 8th best among 18 brokers evaluated by StockBrokers.com. On the other hand, Citi Self Invest's sparse educational features result in a lower 1.5-star rating, placing it at the bottom of the rankings at 18th. These distinctions highlight tastytrade as a more suitable platform for beginners eager to deepen their investment knowledge and skills through structured learning paths and practical insights.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Education 4/5 Stars 1.5/5 Stars

Dive deeper: Best Stock Trading Platforms for Beginners of 2024

Stock trading apps

In the realm of stock trading apps, tastytrade stands out with a commendable performance, offering diverse features and earning a robust 4.5-star rating. Ranked #10 out of 18 brokers by StockBrokers.com, tastytrade provides extensive functionality, making it a suitable choice for active traders. On the other hand, Citi Self Invest, with a 3-star rating and a ranking of #17, offers a more basic trading experience that may appeal to less demanding users or those new to the trading landscape.

Both tastytrade and Citi Self Invest provide iPhone and Android apps, ensuring accessibility across popular mobile platforms. However, when delving deeper into their mobile offerings, tastytrade shows a clear edge. Tastytrade supports mobile after-hours trading and offers mobile options trading, while Citi Self Invest lacks the capacity for options trading. Moreover, tastytrade excels with features like streaming quotes, creating and customizing watch lists, and after-hours charting capabilities, all of which are absent or limited in Citi Self Invest's app.

Charting capabilities further differentiate these brokers, with tastytrade supporting view in landscape mode and multiple charting time frames, though neither offers technical studies or stock comparisons on charts. Both apps refrain from providing streaming live TV, videos on demand, or stock alerts. Despite both allowing the creation of custom watch lists, tastytrade's ability to customize watch list columns adds a layer of personalization not seen in Citi Self Invest. These distinctions highlight tastytrade's suitability for more active traders seeking comprehensive tools versus Citi Self Invest’s more straightforward approach.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Stock Alerts info No No
Charting - After-Hours info Yes No
Charting - Technical Studies info 0 0
Mobile Trading Apps 4.5/5 Stars 3/5 Stars

Dive deeper: Best Stock Trading Apps for 2024

Fees

When evaluating online brokers, both tastytrade and Citi Self Invest stand out for their zero minimum deposit requirement and commission-free stock trading, making them attractive choices for investors looking to minimize costs. However, the two platforms diverge notably in their fee structures for options trading and associated services. Tastytrade remains a prime choice for options traders with its competitive $0.50 per contract fee and other well-defined charges, whereas Citi Self Invest does not offer options trading, possibly limiting its appeal for active options investors.

Tastytrade distinguishes itself by offering a structured tier system for margin balances, starting at 11% for balances below $25,000 and reducing to 10% for balances between $50,000 and $99,999. In comparison, Citi Self Invest does not provide margin trading services, which could be a deciding factor for traders seeking leverage on their investments. On the other hand, both brokers align closely when it comes to IRA fees, where tastytrade charges no annual fee but imposes a $60 closure fee, whereas Citi Self Invest levies a higher closure fee of $95.

Account transfer fees also differ, with tastytrade charging $75 for both partial and full ACAT transfers compared to Citi Self Invest's $95 for the same services. Additionally, tastytrade applies a $5 fee for options exercise and assignment, services Citi Self Invest does not support. This detailed comparison underscores tastytrade's focus on robust options trading and competitive margin rates, making it perhaps more suitable for active traders, while Citi Self Invest might appeal to those prioritizing stock trading without the need for margin or options facilities.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Options (Per Contract) $0.50 info N/A
Options Exercise Fee $5.00 N/A
Options Assignment Fee $5.00 N/A
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $95.00
Commissions & Fees 4.5/5 Stars 4.5/5 Stars

Dive deeper: Best Free Trading Platforms for 2024

Day Trading

When evaluating tastytrade and Citi Self Invest for day trading, several features stand out in their offerings. tastytrade distinguishes itself with streaming live TV and ladder trading, providing traders with live market insights and enhanced order entry options. In contrast, Citi Self Invest does not offer these features, potentially limiting real-time information and strategic trading capabilities. Both platforms lack streaming time and sales data, level 2 quotes, direct market routing, and trading hotkeys, which can be crucial for active day traders who require detailed market data and fast trade execution.

Moreover, neither tastytrade nor Citi Self Invest offers basic or advanced strategy backtesting, which might be a limitation for traders looking to refine their strategies through historical data analysis. However, tastytrade provides a valuable short locator tool, allowing traders to see real-time availability of shares available for shorting, a feature that Citi Self Invest does not provide. Neither broker offers order liquidity rebates, which might be less appealing to traders looking for cost-saving opportunities through maker/taker fee structures.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Streaming Time & Sales info No No
Streaming TV info Yes No
Direct Market Routing - Stocks info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No

Dive deeper: Best Day Trading Platforms for 2024

Market Research

When comparing the market research capabilities of tastytrade and Citi Self Invest, both platforms present similar offerings with minor differences in certain areas. Both brokers provide access to stock and ETF research, yet neither offers in-depth information on mutual funds, bonds, or ESG aspects. However, Citi Self Invest does stand out slightly by offering research on Pink Sheets/OTCBB, which is not available through tastytrade. Despite these distinctions, both platforms have comparable limitations in terms of downloadable research reports and screeners. Reflecting their similarities, both tastytrade and Citi Self Invest receive identical market research ratings of 2.5 stars from users.

Exploring the detailed aspects of their services, tastytrade and Citi Self Invest each offer the ability to view portfolio allocations by asset class, an essential feature for investors aiming to diversify efficiently. Nonetheless, they fall short in providing additional research enhancements such as social media sentiment data or stock and ETF screeners, which could be beneficial in identifying trade opportunities. Additionally, both firms offer no downloadable PDF research reports, leaving investors to seek insights elsewhere.

While users of both platforms are provided with basic research features, the absence of robust analytical tools and no support for mutual funds research or ESG data implies that investors might have to rely on external resources for a comprehensive analysis. Furthermore, StockBrokers.com ranks tastytrade slightly higher at #13 compared to Citi Self Invest's ranking at #15 out of 18 brokers for market research, indicating a marginal difference in their perceived effectiveness. Together, these insights present a picture where neither broker offers a considerably superior research experience over the other.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Research - Stocks info Yes Yes
Screener - Stocks info No No
Research - ETFs info Yes Yes
Screener - ETFs info No No
Research - Mutual Funds info No No
Screener - Mutual Funds info No No
Research - Bonds info No No
Screener - Bonds info No No
Research 2.5/5 Stars 2.5/5 Stars

Banking

When evaluating the banking capabilities of tastytrade versus Citi Self Invest, Citi Self Invest clearly stands out as the superior choice. While tastytrade does not provide any banking services, Citi Self Invest offers a comprehensive range of options including checking and savings accounts, debit and credit cards, and mortgage loans. Both platforms do not currently offer certificates of deposit (CDs). For investors seeking to combine their trading activities with robust banking services, Citi Self Invest provides a more complete financial ecosystem, with offerings that meet essential banking needs that tastytrade simply does not cover.

Feature tastytrade logotastytrade
Citi Self Invest logoCiti Self Invest
Checking Accounts info No Yes
Savings Accounts info No Yes
Debit Cards info No Yes
Credit Cards info No Yes
Mortgage Loans info No Yes
CDs info No No

Dive deeper: Best Bank Accounts for Trading Stocks for 2024

Winner

After opening live accounts and testing 18 of the best online brokers, our research and live account testing finds that tastytrade is better than Citi Self Invest. tastytrade finished with an overall score of 84.9%, while Citi Self Invest finished with a score of 70.6%.

tastytrade isn’t for every investor, but its platform is ideal for frequent options and futures traders, offering efficient workflow, useful risk management tools, killer design, and online content that makes you feel like you’re on a trading desk.

FAQs

Can you trade cryptocurrency with tastytrade or Citi Self Invest?

When comparing cryptocurrency offerings, tastytrade provides an advantage with the ability to trade 4 different coins, whereas Citi Self Invest does not offer any crypto trading options.

Dive deeper: Best Online Brokers for Crypto Trading in 2024

Does tastytrade or Citi Self Invest offer IRAs?

Both tastytrade and Citi Self Invest provide traditional and Roth IRA accounts with no annual fees; however, when closing IRA accounts, tastytrade charges a $60 fee, while Citi Self Invest charges $95.

Dive deeper: Best IRA Accounts for 2024

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Compare

0 of 5
Overall Rating tastytrade Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Customer Service 4.0/5 Stars N/A
Education 4/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review tastytrade Review Citi Self Invest Review
Broker Screenshots tastytrade Citi Self Invest
Trading Platform & Tools Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Trading Fees tastytrade Citi Self Invest
Minimum Deposit $0.00 $0.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) info N/A N/A info
Mutual Fund Trade Fee N/A info 0
Options (Per Contract) $0.50 info N/A
Futures (Per Contract) $1.25 (Not offered)
Broker Assisted Trade Fee $0 n/a
Margin Rates tastytrade Citi Self Invest
Margin Rate Under $25,000 11% Not offered
Margin Rate $25,000 to $49,999.99 10.5% Not offered
Margin Rate $50,000 to $99,999.99 10% Not offered
Margin Rate $100,000 to $249,999.99 9.5% Not offered
Margin Rate $250,000 to $499,999.99 9% Not offered
Margin Rate $500,000 to $999,999.99 8.5% Not offered
Margin Rate Above $1,000,000 8% Not offered
Account Fees tastytrade Citi Self Invest
IRA Annual Fee $0.00 $0.00
IRA Closure Fee $60.00 $95.00
Account Transfer Out (Partial) info $75.00 $95.00
Account Transfer Out (Full) info $75.00 $95.00
Options Exercise Fee $5.00 N/A
Options Assignment Fee $5.00 N/A
Investment Options tastytrade Citi Self Invest
Stock Trading info Yes Yes
Margin Trading Yes No
Fractional Shares info Yes info No
OTC Stocks info No No
Options Trading info Yes No
Complex Options Max Legs info 4
Futures Trading info Yes No
Forex Trading info No No
Crypto Trading info Yes No
Crypto Trading - Total Coins info 4 0
Mutual Funds (No Load) info 0 820
Mutual Funds (Total) info 0 820
Bonds (US Treasury) info No info No
Bonds (Corporate) info No No
Bonds (Municipal) info No No
Traditional IRAs info Yes Yes
Roth IRAs info Yes Yes
Advisor Services info No No
International Countries (Stocks) info 0 0
Order Types tastytrade Citi Self Invest
Order Type - Market info Yes Yes
Order Type - Limit info Yes Yes
Order Type - After Hours info Yes No
Order Type - Stop info Yes Yes
Order Type - Trailing Stop info No No
Order Type - OCO info Yes No
Order Type - OTO info Yes No
Order Type - Broker Assisted info Yes No
Beginners tastytrade Citi Self Invest
Education (Stocks) info Yes No
Education (ETFs) info Yes No
Education (Options) info Yes No
Education (Mutual Funds) info No No
Education (Bonds) info No No
Education (Retirement) info No No
Retirement Calculator info No No
Investor Dictionary info Yes No
Paper Trading info No No
Videos info No No
Webinars info Yes No
Webinars (Archived) info Yes No
Progress Tracking info Yes Yes
Interactive Learning - Quizzes info No Yes
Stock Trading Apps tastytrade Citi Self Invest
iPhone App info Yes Yes
Android App info Yes Yes
Apple Watch App info No No
Trading - Stocks info Yes Yes
Trading - After-Hours info Yes No
Trading - Simple Options info Yes No
Trading - Complex Options info Yes No
Order Ticket RT Quotes info Yes Yes
Order Ticket SRT Quotes info Yes No
Stock App Features tastytrade Citi Self Invest
Market Movers (Top Gainers) info Yes Yes
Stream Live TV info No No
Videos on Demand info No No
Stock Alerts info No No
Option Chains Viewable info Yes No
Watch List (Real-time) info Yes Yes
Watch List (Streaming) info Yes No
Watch Lists - Create & Manage info Yes Yes
Watch Lists - Column Customization info Yes No
Stock App Charting tastytrade Citi Self Invest
Charting - After-Hours info Yes No
Charting - Can Turn Horizontally info Yes No
Charting - Multiple Time Frames info Yes Yes
Charting - Technical Studies info 0 0
Charting - Study Customizations info No No
Charting - Stock Comparisons info No No
Trading Platforms tastytrade Citi Self Invest
Active Trading Platform info tastytrade n/a
Desktop Trading Platform info Yes No
Desktop Platform (Mac) info Yes No
Web Trading Platform info Yes Yes
Paper Trading info No No
Trade Journal info No No
Watch Lists - Total Fields info 33 0
Stock Chart Features tastytrade Citi Self Invest
Charting - Adjust Trades on Chart info Yes No
Charting - Indicators / Studies info 308 0
Charting - Drawing Tools info 31 0
Charting - Notes info Yes No
Charting - Index Overlays info Yes No
Charting - Historical Trades info Yes No
Charting - Corporate Events info Yes No
Charting - Custom Date Range info No No
Charting - Custom Time Bars info No No
Charting - Automated Analysis info No No
Charting - Save Profiles info Yes No
Trade Ideas - Technical Analysis info No No
Charting - Study Customizations info 7 0
Charting - Custom Studies info Yes No
Day Trading tastytrade Citi Self Invest
Streaming Time & Sales info No No
Streaming TV info Yes No
Direct Market Routing - Stocks info No No
Ladder Trading info Yes No
Trade Hotkeys info No No
Level 2 Quotes - Stocks info No No
Trade Ideas - Backtesting info No No
Trade Ideas - Backtesting Adv info No No
Short Locator info Yes No
Order Liquidity Rebates info No No
Research Overview tastytrade Citi Self Invest
Research - Stocks info Yes Yes
Research - ETFs info Yes Yes
Research - Mutual Funds info No No
Research - Pink Sheets / OTCBB info No Yes
Research - Bonds info No No
Screener - Stocks info No No
Screener - ETFs info No No
Screener - Mutual Funds info No No
Screener - Bonds info No No
Misc - Portfolio Allocation info Yes Yes
Stock Research tastytrade Citi Self Invest
Stock Research - PDF Reports info 0 0
Stock Research - Earnings info No No
Stock Research - Insiders info No No
Stock Research - Social info No No
Stock Research - News info Yes Yes
Stock Research - ESG info No No
Stock Research - SEC Filings info No No
ETF Research tastytrade Citi Self Invest
ETFs - Strategy Overview info No Yes
ETF Fund Facts - Inception Date info No No
ETF Fund Facts - Expense Ratio info No Yes
ETF Fund Facts - Net Assets info No No
ETF Fund Facts - Total Holdings info No No
ETFs - Top 10 Holdings info No Yes
ETFs - Sector Exposure info No No
ETFs - Risk Analysis info Yes Yes
ETFs - Ratings info No Yes
ETFs - Morningstar StyleMap info No No
ETFs - PDF Reports info No No
Mutual Fund Research tastytrade Citi Self Invest
Mutual Funds - Strategy Overview info No Yes
Mutual Funds - Performance Chart info No Yes
Mutual Funds - Performance Analysis info No Yes
Mutual Funds - Prospectus info No No
Mutual Funds - 3rd Party Ratings info No Yes
Mutual Funds - Fees Breakdown info No No
Mutual Funds - Top 10 Holdings info No Yes
Mutual Funds - Asset Allocation info No Yes
Mutual Funds - Sector Allocation info No No
Mutual Funds - Country Allocation info No No
Mutual Funds - StyleMap info No No
Options Trading tastytrade Citi Self Invest
Option Chains - Basic View info Yes No
Option Chains - Strategy View info Yes No
Option Chains - Streaming info Yes No
Option Chains - Total Columns info 20 0
Option Chains - Greeks info 5 0
Option Chains - Quick Analysis info Yes No
Option Analysis - P&L Charts info Yes No
Option Probability Analysis info Yes No
Option Probability Analysis Adv info Yes No
Option Positions - Greeks info Yes No
Option Positions - Greeks Streaming info Yes No
Option Positions - Adv Analysis info Yes No
Option Positions - Rolling info Yes No
Option Positions - Grouping info Yes No
Banking tastytrade Citi Self Invest
Bank (Member FDIC) info No Yes
Checking Accounts info No Yes
Savings Accounts info No Yes
Credit Cards info No Yes
Debit Cards info No Yes
Mortgage Loans info No Yes
Customer Service tastytrade Citi Self Invest
Phone Support (Prospect Customers) info Yes No
Phone Support (Current Customers) info Yes Yes
Email Support info Yes No
Live Chat (Prospect Customers) info Yes No
Live Chat (Current Customers) info Yes No
24/7 Support info No Yes
Overall tastytrade Citi Self Invest
Overall 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 4/5 Stars 2.5/5 Stars
Platforms & Tools 4.5/5 Stars 2.5/5 Stars
Mobile Trading Apps 4.5/5 Stars 3/5 Stars
Research 2.5/5 Stars 2.5/5 Stars
Education 4/5 Stars 1.5/5 Stars
Ease Of Use 4.5/5 Stars 4.5/5 Stars
Winner check_circle
Review tastytrade Review Citi Self Invest Review
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