Advertising Disclosure
Written by:
George Rossi
Edited by:
Crispus Nyaga
Fact checked by:
Eno Eteng
Updated:
Leverage: 1:50
Regulation: CFTC, NFA
Min. Deposit: $100
HQ: USA
Platforms: tastyfx, MT4, TradingView, ProRealTime
Found in: 2019
TastyFX Licenses
| Regulation and Security | 4.5 / 5 |
| Account Types and Benefits | 4.6 / 5 |
| Cost Structure and Fees | 4.5 / 5 |
| Trading Platforms and Tools | 4.7 / 5 |
| Trading Instruments | 4.2 / 5 |
| Deposit and Withdrawal Options | 4.4 / 5 |
| Customer Support and Responsiveness | 4.3 / 5 |
| Research and Education | 4.6 / 5 |
| Portfolio and Investment Opportunities | 4 / 5 |
| Account Opening | 4.5 / 5 |
| Additional Tools and Features | 4.4 / 5 |
TastyFX is a US-regulated Forex trading company and a subsidiary of the global financial services provider IG Group. Designed specifically for US traders, the broker offers commission-free trading and access to over 80 global Forex pairs with competitive spreads starting as low as 0.8 pips.
The platform operates as a No Dealing Desk broker, ensuring fast execution through efficient trading technology. Regulated by the CFTC and a member of the NFA, tastyfx delivers a secure and transparent trading experience.
Beyond execution, it also integrates diverse trading tools and market insights, making it ideal for traders who value performance, pricing, and strategy.
Backed by the industry-renowned IG Group, TastyFX provides secure and transparent Forex trading solutions suitable for traders of all levels. Some of its advantages include commission-free trading with low spreads and a competitive selection of trading platforms.
For the Cons, the broker is currently limited to US residents and supports only currency trading. Unlike some competitors that offer CFDs, commodities, indices, stocks, or cryptocurrencies, TastyFX is less suitable for traders seeking multi-asset trading.
| Advantages | Disadvantages |
|---|---|
| CFTC registered broker | Only currency trading available |
| Competitive trading conditions | Limited to only US residents |
| Robust trading platforms | No 24/7 support |
| Low minimum deposit requirement | |
| Award-winning broker | |
| Variety of trading tools and research | |
| Suitable for beginners and professionals | |
| Low spreads and fees |
TastyFX is a reliable broker with favorable trading conditions and offers a wide range of forex trading services. The broker is designed for both beginner traders and professionals with low initial deposit amounts. Below you can find the main points to consider while choosing TastyFX as your broker, including Trading Instruments Range, Trading Platforms, Regulations, and more.
| 🏢 Regulation | CFTC, NFA |
| 🗺️ Account Types | Standard, IRA Accounts |
| 🖥 Trading Platforms | tastyfx, MT4, TradingView, ProRealTime |
| 📉 Trading Instruments | Currency Trading |
| 💳 Minimum Deposit | $100 |
| 💰 Average EUR/USD Spread | 0.8 pips |
| 🎮 Demo Account | Available |
| 💰 Account Base Currencies | USD |
| 📚 Trading Education | Forex learning materials |
| ☎ Customer Support | 24/5 |
TastyFX is designed for US traders who need a secure, low-cost way to trade the Forex market. According to our findings, the broker is Good for:
Overall, TastyFX is a trustworthy broker that offers safe and favorable trading conditions. The broker provides professional services to traders and operates under strict regulatory oversight, earning high regard from its clients.
Small retail traders can easily open a live trading account with a minimal deposit, making it accessible to a broad audience. With support for both its proprietary platform and MetaTrader 4, TastyFX is an excellent choice for traders looking for reliability, low-cost trading. However, it may not be suitable for those seeking multi-asset offerings or international access.
TastyFX stands out in the US Forex market by combining the financial strength and regulatory reliability of the IG Group with a trader-centric approach to cost efficiency and reliable trading infrastructure.
One of its main advantages is commission-free trading with tight spreads starting from 0.8 pips, making it attractive to active and cost-conscious traders. The broker uses an NDD model to offer transparent pricing and competitive execution.
Additionally, TastyFX supports both its user-friendly proprietary trading platform and the popular MetaTrader 4, giving traders flexibility in how they operate. While the platform is limited to Forex trading and US residents, it remains a solid choice for traders who value simplicity, low costs, and strong regulatory backing.
| TastyFX is an excellent Broker for: | - US registered broker. - Looking for broker with low minimum deposit requirement. - Providing competitive fees and spreads. - US traders. - Currency trading. - Get access to MT4 and TradingView platforms. - Beginners and professional traders. - Access to MT4 VPS. - Looking for broker with copy/social trading features. - Need broker with fast execution. - Offering a variety of account types. - Secure trading environment. - Various strategies allowed. |
| TastyFX might not be the best for: | - Looking for broker with 24/7 customer support. - Prefer MAM or PAMM accounts. - Who prefer to trade with MT5 or cTrader. - Looking for diverse asset classes. - Need international trading broker. |
Score – 4.5/5
TastyFX operates under a robust regulatory framework in the USA, ensuring a secure trading environment for its clients.
The broker is registered with the Commodity Futures Trading Commission (CFTC) as a Retail Foreign Exchange Dealer and Introducing Broker, and is a Forex Dealer Member of the National Futures Association (NFA) under NFA ID 0509630.
TastyFX adheres to strict financial standards, maintains transparent business practices, and complies with regulatory requirements to protect retail Forex traders.
As part of its obligations, the broker provides public disclosures, including audited financial statements and customer liability reports, and complies with the FIFO rule for order execution. These measures highlight TastyFX’s commitment to transparency and regulatory compliance, offering traders confidence in the broker’s operations.
Backed by the established IG Group and regulated by both the CFTC and NFA, TastyFX maintains a trustworthy profile among traders. While still relatively new and not yet widely recognized, the broker has received a few awards and positive reviews from traders for its commission-free trading, tight spreads, and user-friendly platforms.
However, some traders point out limitations, such as the lack of asset classes and availability only to US residents. Overall, TastyFX presents a stable trading environment, appealing to traders who prioritize regulatory clarity, cost efficiency, and a simplified trading experience.
Score – 4.6/5
TastyFX offers a Standard Margin Account as the primary option, providing access to over 80 currency pairs. For those interested in retirement-focused trading, the broker collaborates with Equity Trust to offer Traditional and Roth IRA Accounts.
Additionally, TastyFX provides a Demo Account, enabling users to practice trading strategies in a risk-free environment using virtual funds. This range of account options ensures that traders can find a suitable platform for their Forex trading activities.
Standard Account
The Standard Account is ideal for traders who prefer consistent trading costs, offering competitive spreads starting from 0.8 pips. This account type does not incur any commissions. Traders can operate with leverage up to 1:50, under US regulatory standards.
This account type is available on multiple platforms, including the TastyFX proprietary platform, mobile trading app, MT4, and ProRealTime. The minimum deposit required to open a Standard Margin Account is $100.
IRA Accounts
TastyFX also offers Traditional and Roth IRA accounts through a partnership with Equity Trust, catering to traders who wish to include Forex trading in their long-term retirement planning.
These self-directed IRA accounts allow users to trade with tax advantages, either tax-deferred or tax-free, depending on the account type. IRA Accounts are accessible through the tastyfx web platform and mobile application, and a minimum deposit of $100 is required.
TastyFX is a US-based Forex broker that primarily serves US residents. The broker’s services are restricted in certain regions due to regulatory and compliance requirements. TastyFX does not provide trading services in countries including:
Score – 4.5/5
TastyFX offers a competitive fee structure, providing commission-free Forex trading, with spreads starting as low as 0.8 pips on major currency pairs.
There are no deposit/withdrawal fees, and no account maintenance or inactivity charges, making TastyFX a transparent choice for active traders. However, traders should still be aware of potential rollover fees depending on their trading activity.
TastyFX offers tight and competitive spreads to cater to different trading strategies and preferences. The average spread for the EUR/USD Forex currency pair is 0.8 pip. TastyFX’s flexible spread structure ensures cost-effective trading solutions, allowing traders to choose the option that best suits their needs.
TastyFX operates on a commission-free trading model across all its account types. Instead of charging traditional commissions, the broker includes its fees in the bid-ask spread, allowing traders to execute trades without incurring additional per-trade charges.
TastyFX applies rollover or swap fees for positions held overnight, which reflect the cost of extending a trade beyond the daily market close. These fees are determined by the interest rate differential between the currencies in a trading pair and can either be positive or negative, depending on the direction of the trade.
TastyFX maintains a transparent fee structure with minimal additional charges. The broker does not impose fees for deposits, withdrawals, account maintenance, or inactivity.
However, traders should be aware of swap rates, which apply when positions are held open past 5 PM EST. Additionally, if trading involves currencies different from the account’s base currency, a currency conversion charge of 0.5% may be applied.
For premium clients, TastyFX offers potential compensation for certain third-party service fees, such as wire transfers, ProRealTime or MT4 costs, and VPS access.
We conclude that TastyFX offers competitive fees that cater to a variety of traders. The broker’s transparent fee structure allows traders to clearly understand their trading costs, helping them manage their expenses efficiently.
Compared to other US-based brokers, TastyFX’s pricing model is straightforward, making it a good choice for active traders who want to minimize their trading expenses.
| Asset/ Pair | TastyFX Spread | HYCM Spread | Tickmill Spread |
|---|---|---|---|
| EUR USD Spread | 0.8 pips | 1 pip | 0.1 pips |
| Crude Oil WTI Spread | - | 2 | 0.04 |
| Gold Spread | - | 20 | 0.09 |
| BTC USD Spread | - | 90 | 24.9 |
Score – 4.7/5
TastyFX provides a comprehensive range of trading platforms designed to accommodate traders of different experience levels and preferences. Its proprietary web-based platform and mobile app offer an intuitive interface with fast execution, customizable charts, and a range of built-in indicators and drawing tools.
For those who prefer more advanced functionalities, TastyFX integrates with MT4, a widely used platform known for its support of Expert Advisors, automated trading, and a vast array of technical indicators.
Additionally, the broker integrates with TradingView, allowing traders to use its renowned charting tools and social trading features. For advanced charting and analysis, TastyFX offers ProRealTime, a platform equipped with over 100 indicators, customizable algorithms, and advanced technical analysis tools.
| Platforms | TastyFX Platforms | HYCM Platforms | Tickmill Platforms |
|---|---|---|---|
| MT4 | Yes | Yes | Yes |
| MT5 | No | Yes | Yes |
| cTrader | No | No | No |
| Own Platforms | Yes | Yes | Yes |
| Mobile Apps | Yes | Yes | Yes |
TastyFX platform is a customizable, web-based trading interface designed for Forex traders seeking speed and simplicity. Built with HTML5 technology, it ensures fast and stable performance across all modern browsers.
Traders can access over 80 currency pairs, analyze markets using 28 technical indicators and 19 drawing tools, and trade directly from charts with one-click execution.
The platform also features integrated alerts, trading signals, and real-time news from sources like Reuters and Twitter, helping traders stay informed and responsive to market movements.
Testing the TastyFX web platform revealed a user-friendly platform with intuitive navigation, making it easy for traders to execute trades and manage positions efficiently.
The platform loads quickly and remains stable during high market activity, providing a reliable trading environment.
The MT4 Desktop Platform offers a robust and customizable trading environment for Forex traders who need advanced tools and automation capabilities. Traders benefit from 12 popular add-ons and 6 technical indicators provided by TastyFX, enhancing the standard MT4 experience with features like the Mini Terminal, Trade Terminal, Alarm Manager, and Pivot Points indicator.
The platform also supports EAs, enabling automated trading strategies that can operate continuously during market hours. To ensure optimal performance for automated systems, TastyFX offers access to a VPS, which is free for clients maintaining a minimum account balance of $2,000; otherwise, a $50 monthly fee applies.
TastyFX does not currently support the MT5 platform, focusing instead on MetaTrader 4 and its proprietary trading solutions.
TastyFX offers its proprietary TastyFX and the MT4 Mobile Apps, both available on iOS and Android, allowing traders to access real-time market data, place trades, and manage positions on the go.
The TastyFX app features an intuitive interface tailored to its platform, while the MT4 app provides advanced charting tools and automated trading support, giving users flexibility in how they trade from their mobile devices.
Score – 4.2/5
TastyFX offers exclusively Forex trading, providing access to over 80 currency pairs, including major, minor, and exotic pairs. This focus allows traders to engage in a range of Forex markets, providing opportunities to trade popular pairs like EUR/USD, GBP/JPY, and USD/CHF, as well as less common combinations.
Exploring TastyFX’s tradable assets highlights a clear focus on Forex, but also reveals a limited range compared to many other brokers. While the platform offers a solid selection of currency pairs, it lacks broader asset classes such as commodities, indices, stocks, or cryptocurrencies.
This limited offering may not suit traders seeking a more diversified portfolio, making TastyFX better suited for those specifically focused on the Forex market.
TastyFX’s multiplier depends on the regulation and jurisdiction governing the trading account. The broker offers leveraged Forex trading with TastyFX margin rates starting as low as 2% for major currency pairs like EUR/USD and USD/CAD.
Score – 4.4/5
In terms of funding methods, TastyFX offers four payment methods for funding your trading account.
TastyFX offers a competitive minimum deposit requirement, making it accessible to traders with varying budget levels. The minimum deposit amount is $100, allowing beginners to enter the market with minimal financial commitment.
TastyFX offers a few withdrawal options, including debit card, ACH bank transfer, and wire transfer. Withdrawals to debit cards and ACH transfers are free, while wire transfers incur a $15 fee.
Processing times also may vary. Wire transfers are typically completed within 24 hours, whereas debit card and ACH withdrawals may take 2-5 business days to reflect in your account.
Score – 4.3/5
TastyFX offers responsive customer support to assist traders with their inquiries and needs. The support team is available 24/5 through email, phone, and the Help Center, ensuring prompt and efficient service.
TastyFX provides multiple contact options to ensure traders have seamless communication. For existing account inquiries, traders can reach out via email at helpdesk.us@tastyfx.com or call (312) 981-0498. For account opening inquiries, clients can use the email newaccounts.us@tastyfx.com or call (312) 981-0499.
Score – 4.6/5
TastyFX provides traders a comprehensive suite of research tools accessible across its platforms, as well as through integrations with third-party platforms like TradingView and ProRealTime.
TastyFX offers a modest educational section available through its website and trading platform. The content includes basic tutorials on Forex trading concepts, platform navigation, and order types, alongside a glossary of key financial terms.
While these materials are helpful for newcomers, the broker does not currently offer comprehensive learning programs, webinars, or seminars like some of its competitors. As such, traders seeking in-depth education may find the offerings limited and may prefer to learn from external sources.
Score – 4/5
TastyFX is a Forex-focused broker rather than a traditional investment broker, as it does not offer access to assets like stocks, mutual funds, or ETFs for long-term investing.
However, the broker provides copy trading features as an investment tool. Through copy trading, users can automatically mirror the trades of experienced traders, allowing beginner traders to potentially benefit from market movements without directly managing positions themselves.
Score – 4.5/5
Opening a demo account with TastyFX is a simple and quick process. You can register directly through the broker’s website by providing basic information such as your name, email, and country of residence.
Upon registration, you will receive immediate access to the TastyFX platform with a $10,000 virtual balance, enabling you to explore trading strategies and familiarize yourself with the platform’s features.
Also, if you prefer using MetaTrader 4, you can download the MT4 platform, select “IG-DEMO” as the server, and create a new demo account to practice in a simulated market environment.
Opening an account with TastyFX is quite easy. You should follow the opening account or sign-in page and proceed with the guided steps:
Score – 4.4/5
TastyFX offers several trading tools and features designed to enhance the overall trading experience.
Compared to its competitors, TastyFX offers a transparent trading experience focused primarily on Forex, making it a solid choice for US-based traders seeking simplicity and regulatory confidence.
While it excels in platform variety and cost-efficiency with competitive spreads, it lacks instrument diversity and educational resources compared to more globally established brokers.
Competitors like CMC Markets and Spreadex provide broader multi-asset access and more comprehensive educational content, appealing to a wider range of trader needs. Still, TastyFX remains a competitive option for those prioritizing regulatory oversight, ease of use, and robust trading platforms.
| Parameter | TastyFX | Spreadex | Tickmill | OANDA | OneRoyal | CMC Markets | ActivTrades |
| Spread Based Account | Average 0.8 pips | Average 0.6 pips | Average 0.1 pips | Average 1 pip | Average 1 pip | Average 0.5 pips | Average 0.5 pips |
| Commission Based Account | None | For Stock CFDs Only (Commission of 0.15%, Maximum of 3.5 points) | 0.0 pips + $3 | 0.1 pips + $5 commission per 100,000 traded | 0.0 pips + $3.50 | 0.0 pips + $2.50 | For Share CFDs Only (0.02 USD per share and a minimum of $1 per trade) |
| Fees Ranking | Low/ Average | Low/ Average | Low/ Average | Low/ Average | Average | Low/ Average | Low/ Average |
| Trading Platforms | tastyfx, MT4, TradingView, ProRealTime | Spreadex Web Platform, TradingView | MT4, MT5, Tickmill Trader | OANDA Web Platform, MT4, MT5, TradingView, fxTrade | MT4, MT5 | CMC Markets Next Generation Web Platform, MT4 | ActivTrader, MT4, MT5, TradingView |
| Asset Variety | 80+ currency pairs | 10,000+ instruments | 180+ instruments | 100+ instruments | 2,000+ instruments | 12,000+ instruments | 1,000+ instruments |
| Regulation | CFTC, NFA | FCA | FCA, CySEC, FSCA, FSA | CFTC, NFA, FCA, ASIC, IIROC, MFSA, MAS, FFAJ, BVI FSC | ASIC, CySEC, VFSC, FSA, CMA | FCA, ASIC, BaFin, IIROC, FMA, MAS | FCA, CMVM, FSC, SCB |
| Customer Support | 24/5 | 24/5 | 24/5 | 24/5 | 24/5 | 24/5 | 24/5 |
| Educational Resources | Limited | Good | Excellent | Good | Good | Good | Good |
| Minimum Deposit | $100 | $0 | $100 | $0 | $50 | $0 | $0 |
TastyFX is a Forex broker regulated by the CFTC and NFA, offering a reliable and secure trading environment for US traders. The broker provides competitive spreads starting from 0.8 pips, with no deposit, withdrawal, or maintenance fees.
Traders can access a variety of platforms, including TastyFX’s proprietary web platform, MetaTrader 4, TradingView, and ProRealTime, ensuring flexibility across different devices.
While the broker’s asset variety is limited to Forex pairs, its focus on efficient trading is ideal for those looking to trade currencies with low fees. Though educational resources are somewhat limited, TastyFX compensates with transparent pricing and robust customer support available 24/5. Overall, TastyFX offers a user-friendly trading experience for both beginner and experienced traders.
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