Commonwealth Securities
tastyworks
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Commonwealth Securities was founded in 1999 and is headquartered in Australia, while tastyworks was established in 2014 and is based in Belize. Commonwealth Securities holds licences including Cyprus Securities and Exchange Commission (CySEC), while tastyworks is regulated by Financial Conduct Authority (FCA) among others. Commonwealth Securities serves 10,000+ clients worldwide; tastyworks has 150,000+. The minimum deposit is $5000 at Commonwealth Securities and $250 at tastyworks.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| Min. Deposit | $5000 | $250 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317 |
| Founded | 1999 | 2014 |
| Country | Australia | Belize |
| Clients | 10,000+ | 150,000+ |
Fees
Fees are a critical factor when choosing between Commonwealth Securities and tastyworks, directly affecting your bottom line as a trader. tastyworks has a lower barrier to entry with a minimum deposit of $250 (vs $5000 at Commonwealth Securities). tastyworks charges withdrawal fees while Commonwealth Securities does not, giving Commonwealth Securities an edge for frequent withdrawers. Commonwealth Securities charges deposit fees; tastyworks does not. The two brokers are broadly comparable on fee structure.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| Min. Deposit | $5000 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Commonwealth Securities offers MT4, MT5, cTrader, while tastyworks supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Commonwealth Securities supports social and copy trading features, which tastyworks does not offer. Commonwealth Securities edges ahead on platform breadth and functionality in our scoring.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Commonwealth Securities and tastyworks compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Commonwealth Securities accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while tastyworks supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). tastyworks uniquely supports PayPal and Skrill and Neteller among the two brokers. tastyworks scores higher on deposit and withdrawal flexibility.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Commonwealth Securities and tastyworks offer live chat support. Both provide phone support. Email support is available at both brokers. Commonwealth Securities supports 2 languages and tastyworks supports 8, giving tastyworks broader global reach. Both brokers are comparable on support quality.
| Feature | Commonwealth Securities | tastyworks |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |