Updated September 28, 2026 · BrokerCue Editorial Team
Firstrade vs tastyfx
Where Firstrade and tastyfx differ
| Compare |  Firstrade |  tastyfx |
|---|---|---|
| Markets | Stocks, ETFs, Options, Funds | Forex |
| Regulators | SIPC, FINRA | NFA, CFTC |
| Deposit and withdrawal fees | Free for bank transfers, $25 for wire transfers | Deposits free, $15 wire withdrawal fee |
| Platforms | Web, iOS, Android, IPad | Tastyfx platform, MT4, MT5, TradingView |
| Account types | IRA, Roth IRA, Joint | Corporate, IRA |
| Stock trade fee | $0 | Not confirmed |
| Account fee | $0 | Not confirmed |
| Options contract fee | $0 | Not confirmed |
| Maximum retail leverage | Not confirmed | 50:1 |
| Interest on cash | Not confirmed | 8% |
Same on both: Minimum deposit ($0), Inactivity fee ($0), Investor protection (SIPC up to USD 500,000).
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Key differences
- Regulators: only Firstrade offers SIPC, FINRA.
- Regulators: only tastyfx offers NFA, CFTC.
- Markets: only Firstrade offers Stocks, ETFs, Options.
- Markets: only tastyfx offers Forex.
- Platforms: only Firstrade offers Web, iOS, Android.
- Platforms: only tastyfx offers Tastyfx platform, MT4, MT5.
- Account types: only Firstrade offers Roth IRA, Joint.
- Account types: only tastyfx offers Corporate.
- Support channels: only tastyfx offers Chat, Email.
- Features: only Firstrade offers Options, Fractional shares.
Our verdict on each
Firstrade
Firstrade is a US commission-free broker for retail savers who want retirement accounts and low costs in the same place. Protection is listed as SIPC up to USD 500,000, the minimum deposit is $0, and the trade-off is a market list limited to US equities, funds and options.
tastyfx
tastyfx suits beginners who want to trade currency pairs without paying commission, with a minimum deposit of $0 and a single market of forex. The account is held in the US, and your money sits with SIPC cover of SIPC up to USD 500,000.
Score breakdown
| Area | Firstrade | tastyfx |
|---|---|---|
| Cost | 9.5Stock trades cost $0 and options contracts $0; transfers run Free for bank transfers, $25 for wire transfers. | 9.6Higher |
| Offer | 9.4 | 9.4Offer score rests on commission-free pricing, a minimum deposit of $0 and an inactivity fee of $0. |
| Trust | 9.6Higher | 9.5 |
Where they rank in our lists
| Ranking | Firstrade | tastyfx |
|---|---|---|
| Investment platforms and apps | 9 of 85 | 11 of 85 |
| Brokers for beginners | 13 of 88 | 16 of 88 |
| IRA providers | 7 of 43 | 9 of 43 |
Availability and regulation
| Country | Firstrade | tastyfx |
|---|---|---|
| United States | SIPC SIPC member 34642 | NFA 0509630 |
Available in 1 country for both.
What each covers
| Markets | Firstrade | tastyfx |
|---|---|---|
| Stocks | Yes | No |
| ETFs | Yes | No |
| Forex | No | Yes |
| Options | Yes | No |
| Funds | Yes | No |
| Account types | Firstrade | tastyfx |
|---|---|---|
| IRA | Yes | Yes |
| Roth IRA | Yes | No |
| Joint | Yes | No |
| Corporate | No | Yes |
Sources behind this comparison
Firstrade
- firstrade.com: 12 facts, checked September 26, 2026
- brokerchooser.com: 3 facts, checked September 26, 2026
- sipc.org: 3 facts, checked September 26, 2026
tastyfx
- tastyfx.com: 8 facts, checked September 26, 2026
- forexcryptohub.com: 4 facts, checked September 26, 2026
- tradingfinder.com: 2 facts, checked September 26, 2026
- cashbackforexusa.com: 1 fact, checked September 26, 2026
- forexsuggest.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Firstrade | tastyfx |
|---|---|---|
| Features | Demo account, Options, Mobile app, Fractional sharesCovers more | Demo account, Mobile app |
| Pricing model | Commission free | Commission free |
| Audience | Beginners, Experienced, Day tradersCovers more | Beginners |
| Legal entity | FIRSTRADE SECURITIES INC | IG US LLC |
| Headquarters | United States | United States |
| Founded | 1985 | Not confirmed |
| Support channels | Phone, Help centre | Chat, Email, Help centre, PhoneCovers more |
Where each stands against the rest
| Fact | Firstrade | tastyfx | Median |
|---|---|---|---|
| Minimum deposit | $0below the median | $0below the median | $10 |
| Stock trade fee | $0at the median | Not confirmed | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $0at the median | $0at the median | $0 |
| Options contract fee | $0lowest quarter | Not confirmed | $0.59 |
| Interest on cash | Not confirmed | 8%highest quarter | 3% |
Median across 99 listed brokers.
Pros and cons
Firstrade
Pros
- Regulated in the US by FINRA and SIPC, with protection stated as SIPC up to USD 500,000 and a membership record at SIPC member 34642.
- A traditional IRA, a Roth IRA and a joint account all sit in ira, roth ira and joint under the commission-free pricing in commission free, so retirement and shared accounts hold at the same cost.
- Fractional shares and a demo account sit in demo account, options and mobile app, which helps the beginners and day traders named in beginners, experienced and day traders start small.
Cons
- The market list in stocks, etfs and options covers stocks, ETFs, options and funds, a narrow range next to eToro at stocks, etfs and forex and CFI at stocks, etfs and forex.
- Live chat and email are not among the listed support channels (phone and help centre), which pair a phone line with a help centre.
- An ISA and a SIPP are not among the listed account types (ira, roth ira and joint), which cover a traditional IRA, a Roth IRA and a joint account.
tastyfx
Pros
- No minimum to start, a minimum deposit of $0 against a site median of €4.64
- The pricing model is commission-free, so you pay for the spread inside the trade rather than a ticket fee
- No inactivity charge, at $0 and first in the site ranking on inactivity fee, 1 of 56
Cons
- The market list is limited to forex, so a share or bond holding is not available here
- Wire withdrawals cost, at Deposits free, $15 wire withdrawal fee
- Retail currency trading runs to a typical loss rate of 72.13% across the brokers compared, and leverage of 50:1 magnifies it
Who each suits
Firstrade
Who it suits
- US savers who want commission-free stock and ETF trading inside a retirement account, since the list in ira, roth ira and joint covers an IRA and a Roth IRA.
- Investors who trade in small amounts, because fractional shares in demo account, options and mobile app work alongside a $0 entry point.
- Day traders in US equities, named in beginners, experienced and day traders with a mobile app among the platforms in Web, iOS and Android.
Who should look elsewhere
- Traders who want forex, CFDs or crypto alongside equities: eToro lists stocks, etfs and forex and CFI lists stocks, etfs and forex, while Firstrade stays within stocks, etfs and options.
- UK and European savers who need a tax wrapper, since ira, roth ira and joint names no ISA or SIPP. Vantage, which sets $5 as its entry point, is worth pricing alongside.
tastyfx
Who it suits
- Beginners opening a first currency account in the US
- Traders who want to practise on a demo before risking money
- Anyone who wants a commission-free structure rather than a per-trade ticket
Who should look elsewhere
- Anyone who wants shares, ETFs or bonds, since forex is the only market offered
- Retirement savers who need a wider account range than corporate and ira
- People who withdraw by wire often, because Deposits free, $15 wire withdrawal fee applies
Current offers
tastyfx
Current offer
Bonus
Deposit match bonus and trading rebates up to 15%: up to 15% rebates
new accounts
Source, checked September 26, 2026
Country by country
| Country | Firstrade | tastyfx |
|---|---|---|
| United States | Yes | Yes |
Questions about each
Firstrade
What does it cost to trade stocks and options?+
Stock trades cost $0 and the options contract fee is $0, so nothing is charged per trade on either side. The pricing model listed is commission free, which matches that, and the same terms apply to stocks and options contracts. A reader comparing quotes will find the same line on both markets.
Are there account or inactivity fees?+
The account fee is $0 and the inactivity fee is $0, so an account can sit open and untouched without an annual charge or a dormant penalty. That suits a saver who funds a retirement account and does not trade every month, since holding a small balance costs nothing beyond the trades themselves.
tastyfx
What is the minimum deposit at tastyfx?+
The minimum deposit is $0, so you can fund an account from a small starting amount rather than waiting for a larger balance. That places tastyfx first in the site ranking on minimum deposit, 1 of 213, against a site median of €4.64.
Does tastyfx charge any commission on trades?+
The pricing model is commission-free, so there is no separate ticket fee per trade. The cost of a currency trade is built into the spread you trade through. The only market on offer is forex, so this structure applies to currency pairs.
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