Finally, after a long wait, the two-factor authentication is released by Tastyworks. Two-factor authentication is a security process where users provide two different authentication factors to verify themselves. Two-factor authentication adds an additional layer of security to the authentication process by making it harder for attackers to gain access to a person's devices or online accounts because knowing the victim's password alone is not enough to pass the authentication check.

In this tutorial, I will show you how to fill up application form to apply for TastyWorks trading account with sample data. This tutorial is based on overseas application.

The data in the form are just samples and you will need to enter your own data accurately. The selections from tastyworks.com webpages could be changed from time to time. I can not be held responsible if you fail to get a live account from tastytrade.com.

Tastyworks was already a low price trading platform since it first released around 2017.Tastyworks is now lower it's price inline with current market developments. Starting Oct 16 2019, there will be $0 commissions for trading shares on stock and ETFs. So if you trade stocks, options and futures, then you should take advantage of Tastyworks new low prices.

As for TD Ameritrade, I received an email from TD Ameritrade US on Oct 2 2019 that the fees is also lowered for US trader. You can check out their pricing here. However, fees structure remains the same for international traders.

Tastyworks was released in early January this year for USA users. I stated my interest to open an account since end of 2016 but the release for overseas customers was delayed month after month. But finally it is now available for Malaysia in May. Some of my friends have received invitation letter and now are in the process of application.

In this article, I will provide an example how you can transfer fund to your new TastyWorks account via wire transfer from overseas to US. Beware that the information is accurate at the time of writing of this article. You should always refer to the information provided to you by TastyWorks before actual fund transfer.

You can wire your money via Citibank or CIMB Bank if you are located in Malaysia. I found that many people were having problems transfer money to fund their trading account; some said the bank told them some rules from BNM that can not transfer more than x amount of money; some said should set up a USD currency account in local bank, only then transfer the money etc. I have no issue funding my account. You can visit CIMB Bayan Baru Branch or Citibank Penang if you are located in Penang. The staffs there have experiences for this type of transfer.

Please be aware that your fund transfer may be rejected even it is a small error in your form. The fund returned to you will be lesser than you sent initially after currency conversion both ways as well as processing charges from both US and your bank. So always double check your information before transfer your money.

If you want to take advantage of the "Bob the Trader" promotion, you need to transfer at least USD2000. Noted that US bank agent's charges might be around USD25 to 30 per transfer. So it is good to transfer at least USD2030 or ask details from your bank.