Updated September 29, 2026 · BrokerCue Editorial Team
LMAX Exchange vs tastyfx
Where LMAX Exchange and tastyfx differ
| Compare |  LMAX Exchange |  tastyfx |
|---|---|---|
| Minimum deposit | $1,000 | $0Lower |
| Markets | Forex, CFDs, CryptoCovers more | Forex |
| Regulators | FCA, CySEC | NFA, CFTC |
| Investor protection | FSCS up to GBP 85,000 | SIPC up to USD 500,000 |
| Deposit and withdrawal fees | No deposit or withdrawal fees | Deposits free, $15 wire withdrawal fee |
| Platforms | LMAX Global, MetaTrader4 | Tastyfx platform, MT4, MT5, TradingView |
| Inactivity fee | Not confirmed | $0 |
| Retail accounts that lose money | 67.64% | Not confirmed |
| Account types | Not confirmed | Corporate, IRA |
| Maximum retail leverage | Not confirmed | 50:1 |
| Interest on cash | Not confirmed | 8% |
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Key differences
- tastyfx scores higher overall: 9.5 vs 8.8.
- Regulators: only LMAX Exchange offers FCA, CySEC.
- Regulators: only tastyfx offers NFA, CFTC.
- LMAX Exchange is licensed in 1 more country.
- Minimum deposit is lower at tastyfx: $0 vs $1,000.
- Markets: only LMAX Exchange offers CFDs, Crypto.
- Platforms: only LMAX Exchange offers LMAX Global, MetaTrader4.
- Platforms: only tastyfx offers Tastyfx platform, MT4, MT5.
- Support channels: only tastyfx offers Email, Help centre.
- Audience: only LMAX Exchange offers Experienced.
Our verdict on each
LMAX Exchange
LMAX Exchange suits experienced traders who want a regulated exchange rather than a casual platform. Fees on moving money are nil, and FSCS up to GBP 85,000 covers eligible claims, but the $1,000 entry requirement is high for a first account.
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 | LMAX Exchange | tastyfx |
|---|---|---|
| Cost | 8.2Minimum deposit of $1,000 sits well above the $0 entry point, though No deposit or withdrawal fees adds nothing on funding. | 9.6Higher |
| Offer | 8.9 | 9.4HigherOffer score rests on commission-free pricing, a minimum deposit of $0 and an inactivity fee of $0. |
| Trust | 9.2 | 9.5Higher |
Which one suits you
Pick LMAX Exchange if markets matter most.
Pick tastyfx if cost, offer, trust, and minimum deposit matter most.
Positions in our rankings
| Ranking | LMAX Exchange | tastyfx |
|---|---|---|
| Forex brokers | 77 of 147 | 21 of 147 |
| Low-spread forex brokers | 75 of 145 | 19 of 145 |
Side by side, item by item
| Markets | LMAX Exchange | tastyfx |
|---|---|---|
| Forex | Yes | Yes |
| CFDs | Yes | No |
| Crypto | Yes | No |
Sources behind this comparison
LMAX Exchange
- wikifx.com: 7 facts, checked September 26, 2026
- lmax.com: 4 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 | LMAX Exchange | tastyfx |
|---|---|---|
| Features | Not confirmed | Demo account, Mobile app |
| Pricing model | Not confirmed | Commission free |
| Audience | Experienced | Beginners |
| Legal entity | Not confirmed | IG US LLC |
| Headquarters | United Kingdom | United States |
| Founded | 2010 | Not confirmed |
| Support channels | Phone, Chat | Chat, Email, Help centre, PhoneCovers more |
Where each stands against the rest
| Fact | LMAX Exchange | tastyfx | Median |
|---|---|---|---|
| Minimum deposit | $1,000highest quarter | $0below the median | $25 |
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 67.64%below the median | Not confirmed | 72.05% |
| Interest on cash | Not confirmed | 8%highest quarter | 3% |
Median across 134 listed brokers.
Pros and cons
LMAX Exchange
Pros
- No deposit or withdrawal fees, so funding an account costs nothing to arrange
- Regulated by the FCA in GB and CySEC in Cyprus, with FSCS up to GBP 85,000 behind eligible claims
- Trades on forex, cfds and crypto through the LMAX Global platform or MetaTrader4
Cons
- The $1,000 minimum is well above the $0 entry point
- forex, cfds and crypto covers forex, cfds and crypto only, so it suits active traders rather than investors
- Support runs on phone and chat only
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
LMAX Exchange
Who it suits
- Experienced traders who already know the markets listed
- Anyone who values a regulated exchange structure over a low starting deposit
- Traders who want phone and chat access for account questions
Who should look elsewhere
- First time traders, who face a high entry point compared with CFI at $0
- Share buyers, since forex, cfds and crypto does not include stocks and eToro covers stocks, etfs and forex
- Traders wanting crypto only, because Vantage opens at $5
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 | LMAX Exchange | tastyfx |
|---|---|---|
| United States | No | Yes |
Questions about each
LMAX Exchange
What is the minimum deposit at LMAX Exchange?+
The minimum deposit is $1,000. That sits far above the $0 entry point at CFI, so traders building a first balance should check the amount they can commit before opening.
Are there fees for depositing or withdrawing?+
No. No deposit or withdrawal fees means funding and pulling money out does not cost an extra charge. That keeps the cost of running an account to the trading side rather than the cash movements.
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.