tastyfx Review

US forex traders seeking tight spreads

CFTC NFA

Founded 2019 · United States · IG Group

Why investors choose this broker

Regulated by CFTC and NFA (Tier-1 US regulators)
Three account types including commission-free Standard and tight-spread Zero+
Five platform choices: proprietary web, MT4, MT5, TradingView, ProRealTime
No inactivity fee

Review summary

tastyfx is a US-regulated forex broker offering 80+ currency pairs, three account types, and five trading platforms including MT4, MT5, TradingView, and ProRealTime.

Pros

Regulated by CFTC and NFA (Tier-1 US regulators)
Three account types including commission-free Standard and tight-spread Zero+
Five platform choices: proprietary web, MT4, MT5, TradingView, ProRealTime
No inactivity fee
Minimum deposit of $1 for Standard and Zero+ accounts
Volume rebates up to 15% on spreads or commissions
Fast average execution of around 17 ms
IRA account available for US retirement investors

Cons

Forex-only offering - no stocks, ETFs, crypto, CFDs, or futures for US clients
$15 fee for outgoing wire transfers
$50,000 minimum deposit required for Prime account
Available to US traders only - not accessible internationally
No negative balance protection
No copy trading feature
ProRealTime costs $40 per month unless 4 or more lots traded monthly

Company background

tastyfx is a US-based retail forex broker that started operations in 2019 under the name IG Markets US, as a subsidiary of IG Group, a publicly traded financial services company founded in 1974 in the UK. In June 2024, IG Group rebranded its US forex operations under the tastyfx name to better align with the US trading community. tastyfx, LLC is registered in Delaware and headquartered in Chicago, Illinois, offering spot forex trading exclusively to US residents under CFTC and NFA oversight. tastyfx is a separate entity from tastytrade, a distinct US options and futures broker.

Fees and pricing

tastyfx offers three account types. The Standard account is commission-free with spreads from 0.8 pips (average EUR/USD spread around 1.15 pips). The Zero+ account offers spreads from 0.0 pips with a $5 per standard lot per side commission. The Prime account requires a $50,000 minimum deposit and offers spreads from 0.6 pips with no commission, plus interest on uninvested cash. There is no inactivity fee and no deposit fee. Outgoing wire transfers cost $15; ACH withdrawals are free. A 0.5% conversion charge applies when closing positions in non-USD quote currency pairs. Overnight funding fees based on interest rate differentials apply to positions held past 5pm ET. Volume rebates of up to 15% are available once monthly notional volume exceeds $1 million.

Regulation and safety

tastyfx, LLC is registered as a Retail Foreign Exchange Dealer (RFED) with the CFTC and is a member of the National Futures Association (NFA ID: 0509630). Both the CFTC and NFA are Tier-1 regulators. Client funds are held in segregated accounts at US banks, separate from the firm's own funds. Maximum retail leverage is 50:1 on major forex pairs and 20:1 on minor pairs under CFTC rules.

Platform experience

tastyfx offers five trading platforms: a proprietary web-based platform, MetaTrader 4, MetaTrader 5, TradingView, and ProRealTime. The proprietary platform runs on web and mobile (iOS and Android) with sentiment data, Autochartist signals, and integrated news. ProRealTime supports algorithmic strategies and is free when at least 4 lots are traded monthly, otherwise $40 per month. A free demo account is available alongside live accounts. An IRA account is available for US retirement investors, administered through Equity Trust.

Pros and cons

tastyfx's main strengths are CFTC and NFA regulation, five platform choices, three account types covering commission-free and raw-spread pricing, a $1 minimum deposit, no inactivity fee, and fast execution around 17 milliseconds. The main drawbacks are a forex-only product range with no stocks, ETFs, crypto, CFDs, or futures, availability limited to US residents, a $15 wire withdrawal fee, the $50,000 Prime account minimum, and no negative balance protection or copy trading.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Standard accounts are commission-free with spreads from 0.8 pips on EUR/USD; Zero+ accounts charge $5 per standard lot per side with spreads from 0.0 pips; Prime accounts offer spreads from 0.6 pips with no commission and a $50,000 minimum deposit.

Fees

Item	Fee
Margin	Overnight funding fee based on interest rate differential plus a small admin charge; may credit or debit depending on position direction
Account	No account opening or maintenance fee
Deposit	No deposit fee; ACH, debit card, and bank wire accepted
Inactivity	No inactivity fee
Withdrawal	$15 fee for outgoing wire transfers; ACH withdrawal free
Fx Conversion	0.5% charge applied to the conversion rate when closing positions in non-USD quote currency pairs

Trading platform & features

Platforms

tastyfx Web Platform
MetaTrader 4
MetaTrader 5
TradingView
ProRealTime
iOS app
Android app

Regulation and investor protection

tastyfx, LLC is registered as a Retail Foreign Exchange Dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID: 0509630). Client funds are held in segregated accounts at US banks in accordance with CFTC requirements.

Broker FAQs

Is tastyfx safe?

tastyfx, LLC is registered as a Retail Foreign Exchange Dealer (RFED) with the CFTC and is a member of the National Futures Association (NFA ID: 0509630). Client funds are held in segregated accounts at US banks in accordance with CFTC requirements.

Is tastyfx a scam?

No. tastyfx operates under CFTC and NFA oversight, both classified as Tier-1 US regulators, and is required to maintain client funds in segregated bank accounts.

Is tastyfx regulated and by whom?

Yes. tastyfx, LLC is regulated by the CFTC as a Retail Foreign Exchange Dealer and is a member of the National Futures Association with NFA ID 0509630.

Does tastyfx keep client funds in segregated accounts?

Yes. As required by CFTC rules, tastyfx holds client funds in segregated accounts at US banks, separate from the firm's own funds.

What happens to my money if tastyfx goes bankrupt?

Client funds are held in segregated accounts at US banks as required by CFTC regulations, which means they are kept separate from the broker's operating funds. tastyfx is not a member of the SIPC, as it is a forex dealer rather than a securities broker-dealer.

What products does tastyfx offer?

tastyfx offers spot forex trading on 80+ currency pairs including majors, minors, and exotics. US regulatory restrictions mean the platform does not offer stocks, ETFs, CFDs, crypto, or futures to US clients.

How many currency pairs does tastyfx offer?

tastyfx offers over 80 spot forex currency pairs covering major, minor, and exotic pairs.

Does tastyfx offer CFDs?

No. US regulatory restrictions prohibit retail CFD trading for US residents. tastyfx offers spot forex only.

Does tastyfx offer crypto trading?

No. tastyfx does not offer cryptocurrency trading. The platform is restricted to spot forex pairs.

Does tastyfx offer an IRA account?

Yes. tastyfx offers a Forex IRA account for US retirement investors, administered through Equity Trust. Deposits and withdrawals must be made via the Equity Trust account.

What does tastyfx charge for forex trading?

Standard accounts are commission-free with spreads from 0.8 pips. Zero+ accounts charge $5 per standard lot per side with spreads from 0.0 pips. Prime accounts (minimum $50,000 deposit) offer spreads from 0.6 pips with no commission.

Is there a withdrawal fee at tastyfx?

Outgoing wire transfers carry a $15 fee. ACH bank withdrawals are free.

Does tastyfx charge an inactivity fee?

No. tastyfx does not charge an inactivity fee.

What is the minimum deposit at tastyfx?

The minimum deposit for Standard and Zero+ accounts is $1. The Prime account requires a minimum deposit of $50,000.

Does tastyfx have a demo account?

Yes. tastyfx offers a demo account that can be accessed alongside a live account, allowing users to practise trading without risking real funds.

Does tastyfx have a mobile app?

Yes. tastyfx provides iOS and Android apps with features including 37 indicators, order management, and sentiment data.

Is tastyfx good for beginners?

tastyfx offers a demo account, a $1 minimum deposit on Standard accounts, and educational resources. However, its product range is limited to forex, and the platform suite may be more suited to traders with some prior experience.

Is tastyfx good for long-term investing?

tastyfx is primarily a forex trading platform rather than a long-term investment service. It does not offer stocks, ETFs, or other traditional investment instruments. The Prime account earns interest on uninvested cash, but the platform is most relevant to active forex traders.

Who owns tastyfx?

tastyfx is owned by IG Group, a publicly traded financial services company headquartered in the UK. IG Group rebranded its US forex operations from IG US to tastyfx in June 2024.

Bottom line

tastyfx suits users who want a regulated US-only spot forex broker with a choice of five trading platforms, three account types with competitive spreads, and no inactivity fees. It may not suit users who want access to stocks, ETFs, CFDs, crypto, or futures, or those outside the United States.

tastyfx

US forex traders seeking tight spreads

Open Account

Your capital is at risk. Other fees apply.