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IG vs tastyfx 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between IG and tastyfx? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IG ranks more highly than tastyfx.

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Compare

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Overall Rating IG tastyfx
Overall Rating star 9.9 /10 star 9.9 /10
Offering of Investments star 10 /10 star 10 /10
Commissions & Fees star 9.5 /10 star 9.5 /10
Platform & Tools star 10 /10 star 10 /10
Research star 10 /10 star 10 /10
Mobile Trading star 10 /10 star 10 /10
Education star 10 /10 star 10 /10
Account Type IG tastyfx
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No No
Deposit/Withdrawal Options IG tastyfx
Minimum Deposit info ÂŁ250.00 $250.00
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes Yes
Copy Trading IG tastyfx
Social Trading / Copy Trading info No No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency IG tastyfx
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) IG tastyfx
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) IG tastyfx
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments IG tastyfx
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes Yes
Social Trading / Copy Trading info No No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info Yes Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms IG tastyfx
Apple iOS App info Yes Yes
Android App info Yes info Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No No
Regulatory Licenses IG tastyfx
Tier-1 Licenses info 8 8
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes Yes
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes Yes
New Zealand (FMA Authorised) info Yes Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses info 2 2
Tier-3 Licenses info 0 0
Research, Education IG tastyfx
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs IG tastyfx
Minimum Deposit info ÂŁ250.00 $250.00
Average Spread EUR/USD - Standard info 0.98 info 0.98
All-in Cost EUR/USD - Active info 0.82 info 0.82
Active Trader or VIP Discounts info Yes Yes
Trading Tools IG tastyfx
Watchlists - Total Fields info 5 5
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 33 33
Mobile Charting - Indicators / Studies info 33 33
Trust Factors IG tastyfx
Year Founded info 1974 1974
Publicly Traded (Listed) info Yes Yes
Bank info Yes Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Trust Score info 99 99
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IG vs tastyfx Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between IG and tastyfx? Our independent database powered by our unbiased research will help you compare IG vs tastyfx side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust IG?

IG has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Can I trust tastyfx?

tastyfx has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Is IG a good broker?

Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. IG also offers seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.

Is tastyfx a good broker?

Tastyfx, IG’s new name for its US forex brand, delivers the same core experience that IG traders have grown to love. The name and logo have been refreshed, but this rebranded arm of IG’s forex business delivers the same platform experience, pricing structure, robust regulatory support, and powerful research. Simply put, tastyfx is an excellent choice for US-based forex traders seeking a trustworthy broker with a high-quality offering.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. both IG and tastyfx are Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland) and Switzerland (FINMA Authorised)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both IG and tastyfx are Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses both IG and tastyfx are Bermuda (BMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both IG and tastyfx offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does IG offer MetaTrader? Does tastyfx offer MetaTrader?

Both IG and tastyfx offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.. Neither have MetaTrader 5 (MT5)

How do IG and tastyfx differ in terms of minimum deposit? What about average spreads and funding options?

IG requires a minimum deposit of ÂŁ250.00, while tastyfx requires a minimum deposit of $250.00. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both IG and tastyfx offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for deposits. Neither have Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, IG or tastyfx?

When choosing a broker, it’s important to check the availability of your preferred investment products and asset classes. We’ve tested each broker’s individual offering of investments to help you pick the right broker for what you want to trade. We found that both IG and tastyfx offer Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Social Trading / Copy Trading.

We also keep track of each broker’s total number of tradeable symbols; IG offers 19537, and tastyfx offers a total of 19537 tradeable symbols.

Can I trade cryptocurrency with IG or tastyfx?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither IG nor tastyfx allow you to trade physical cryptocurrencies.

Who offers more research tools, IG or tastyfx?

The best forex brokers arm their clients with a variety of research tools and resources. Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. In our testing, we discovered that both IG and tastyfx offer the same suite of research tools and resources. Here’s a comprehensive list of the tools provided by both brokers: Autochartist, Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources).. Neither have Trading Central (Recognia) and Social Trading / Copy Trading

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Overall winner: IG

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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