Brokerages · Brokerage (options/futures-focused) · Structural / no discrete incident
tastytrade
Headline
Your tastytrade account's actual securities don't legally sit with tastytrade at all — they're held by a separate custodian, Apex Clearing…
Not independently verified. Verification status: Unverified - heuristic first draft. Publish state: draft unverified.
Your tastytrade account's actual securities don't legally sit with tastytrade at all — they're held by a separate custodian, Apex Clearing (the tracker also lists Apex for Ally Invest and M1 Finance - not re-verified here). If you've never heard of Apex, that's the point: it's the invisible company actually holding your investments behind the tastytrade name you signed up under.
- Severity
- Evidence tierUnassigned
- Claims confirmed
- Last verified2026-08-04
Primary source. None recorded — Unverified - heuristic first draft.
Terms
Arbitration
Standard FINRA-style predispute arbitration clause; governed by Illinois law specifically (unusual — most brokerages in this tracker specify California or New York law); uses Apex Clearing as third-party custodian (same clearing firm used by Ally Invest and M1 Finance elsewhere in this tab), meaning tastytrade customer securities legally reside with Apex, not tastytrade directly.
Data sharing
Not independently confirmed this pass.
Fees and billing
DOES receive PFOF, per the industry-wide PFOF broker list identified earlier in this research (grouped with Robinhood, E*TRADE, Ally, Webull, TradeStation).
Contacts
Privacy contact. Not recorded.
Legal notice. Not verified this pass. If publicly traded: SEC Form 10-K cover page gives the official corporate address; the Secretary of State business-entity search in the state of incorporation gives the registered agent, which must accept service. If private: the state registered agent is usually the only reliable route.
Mailing address. Not recorded.
Evidence
No claims have been itemized for this row yet.
No sources are on file for this row yet.
Source vault
Link status: Candidate - not yet fetched
| Document | Last fetch | |
|---|---|---|
| Privacy policy tastytrade.com (privacy notice not individually located as direct URL this pass) | Not fetched yet | NOT CONFIRMED |
| Terms of service assets.tastyworks.com/production/documents/broker_customer_agreement.pdf | Not fetched yet | YES |
| Website No URL recorded | Not fetched yet | — |
| Primary source No URL recorded Verification: Unverified - heuristic first draft | Not fetched yet | — |
Enforcement
No enforcement actions are linked to this row.
State statute
No HQ state on file, so no state statute applies by headquarters.