Platform Comparison

Ellevest vs Tastytrade

Detailed side-by-side comparison to help you choose the best platform for dividend investing

Ellevest

★3

Ellevest discontinued its robo-advisor service in February 2025—existing accounts were transferred to Betterment. Private wealth management continues for $500K+ clients.

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Higher Rated

Tastytrade

★4.4

The options-focused platform with low contract fees, excellent education, and DRIP support—ideal for dividend investors using covered call strategies.

Full Review

Feature Comparison

Feature	Ellevest	Tastytrade
Our Rating	3/5	4.4/5
Trading Commissions	N/A	$0
Account Minimum	N/A	N/A
Fractional Shares	N/A	Yes ($5 min)
DRIP	N/A	Free
Research Tools	Automated	Basic
Best For	High-Net-Worth Women	Covered Call Writers

Pros & Cons

Ellevest

Pros

+ Private wealth management still available ($500K+ minimum)
+ Existing robo clients transitioned to Betterment (solid alternative)
+ Betterment offers similar features with good reputation
+ Historical focus on women's financial needs was innovative
+ Career coaching services continue separately

Cons

- Robo-advisor service discontinued February 2025
- Regular investors can no longer open new accounts
- $500K minimum for remaining wealth management services
- Transition to Betterment may not suit all former clients

Tastytrade

Pros

+ Commission-free stock and ETF trading
+ Low options pricing: $1 to open, $0 to close (capped at $10/leg)
+ Fractional shares available for purchases and DRIP
+ Free dividend reinvestment program
+ Exceptional options education and content

Cons

- Very low 0.01% interest on uninvested cash
- No mutual funds, bonds, or forex trading
- Higher-than-average margin rates
- Steep learning curve for beginners

Which Platform is Right for You?

Choose Ellevest if you...

Want high-net-worth women focused features

Choose Tastytrade if you...

Want covered call writers focused features
Prefer a higher-rated overall platform

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Investment Disclaimer

Investing involves risk, including possible loss of principal. Past performance does not guarantee future results. This content is for informational purposes only and should not be considered investment advice.