BrokerNotes.co is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

tastyfx Review 2024

BrokerNotes.co

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

July 09, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

tastyfx, IG's brand for U.S. forex traders, delivers an excellent overall trading experience. The broker’s powerful trading tools, exceptional research and education, and strong regulatory protections make it a top-tier choice for traders of all experience levels.

Overall Rating

9.9 / 10

Minimum Deposit

$250.00

Trust Score info

Highly Trusted
99

Pros and Cons

thumb_up_off_alt Pros

  • Extensive offering of markets and instruments: Traders at tastyfx gain access to 97 forex pairs and over 19,000 tradeable symbols.
  • Highly Trusted: IG, parent company of tastyfx, is publicly traded (LON: IGG) and regulated by eight Tier-1 jurisdictions.
  • Great for beginners: The extensive educational resources and award-winning research content make tastyfx a great choice for both beginners and advanced traders.
  • Competitive pricing: Pricing at tastyfx is competitive, with average spreads that are lower than the industry standard and great discounts for active traders.

thumb_down_off_alt Cons

  • MetaTrader 5 Not Available: Despite its MT4 offering, it lacks support for MetaTrader 5, which has some more advanced features compared to its predecessor.
  • No Copy Trading: Does not offer copy trading, a con for traders who wish to duplicate trading signals from other investors.

Ratings Summary

  • Investment Types - 10/10
  • Commissions & Fees - 9.5/10
  • Trading platforms - 10/10
  • Research - 10/10
  • Mobile Apps - 10/10
  • Education - 10/10
  • Overall - 9.9/10

Can I trust tastyfx?

tastyfx, backed by IG, is a highly trusted forex broker for U.S. traders. IG, parent company of tastyfx, is publicly traded (LON: IGG) and regulated in eight Tier-1 jurisidictions, including ASIC, the CFTC, and the FCA. The broker's Trust Score of 99 is the highest rating in the entire ForexBrokers.com database, underscoring its long-standing reliability in the industry.

tastyfx is currently licensed and/or authorised by the following regulatory bodies:

Is tastyfx good for beginners?

Yes, tastyfx is a great choice for beginners. Though tastyfx doesn't yet have the full range of content available with the IG Academy, it remains a leader in the educational category. Its extensive, comprehensive educational resources are great for U.S. forex traders who are new to the foreign exchange markets. Its research offerings deliver high-quality information about financial markets for traders of all experience levels. Trading platforms at tastyfx are powerful but intuitively designed, making for a low barrier for entry for newcomers to the forex world.

Feature tastyfx logotastyfx
Education (Forex or CFDs) info Yes
Client Webinars info Yes
Videos - Beginner Trading Videos info Yes
Videos - Advanced Trading Videos info Yes
Investor Dictionary (Glossary) info Yes

tastyfx commissions and fees summary

Trading costs at tastyfx aren't the best in the industry, but the broker still snagged a Best in Class rating for Commissions & Fees at ForexBrokers.com. Though we wouldn't necessarily label tastyfx as a discount broker, the average spread for the EUR/USD pair came to 0.98, which is better than the industry average (it's worth noting that – just like with most forex brokers – spreads during low-liquid times can be higher than normal). tastyfx also offers active trader pricing and additional discounts through its Forex Direct account type.

tastyfx trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

tastyfx delivers an industry-leading suite of proprietary trading platforms, including an award-winning mobile trading experience. The broker's web platform comes loaded with powerful features and weaves usability into the overall platform experience, making it a great choice for beginner forex traders. Charting at tastyfx is excellent; the broker offers ProRealTime, a third-party platform that offers advanced charting with nearly 100 indicators. tastyfx also offers the immensely popular MetaTrader 4 platform.

Trading platforms offered: tastyfx provides an excellent proprietary platform suite along with MetaTrader 4 and other specialty third-party platforms.

Trading tools: Offers a range of trading tools including advanced charting and automated trading options.

Copy trading: Does not offer copy or social trading.

Feature tastyfx logotastyfx
Virtual Trading (Demo) info Yes
Proprietary Platform info Yes
Desktop Platform (Windows) info Yes
Web Platform info Yes
MetaTrader 4 (MT4) info Yes
MetaTrader 5 (MT5) info No
DupliTrade info No

tastyfx trading platform screenshots

Mobile trading apps at tastyfx

tastyfx offers excellent mobile trading applications, highly rated for functionality and user experience.

Feature tastyfx logotastyfx
Android App info Yes
Apple iOS App info Yes
Mobile Economic Calendar info Yes
Mobile Alerts - Basic Fields info Yes
Mobile Charting - Draw Trendlines info Yes
Mobile Watchlist info Yes

tastyfx mobile app screenshots

How do I open an account with tastyfx?

  1. Visit the tastyfx website and click on the 'OPEN A LIVE ACCOUNT' button.
  2. Complete the application form with personal details.
  3. Verify your identity by uploading required documents.
  4. Fund your account through one of the accepted payment methods.
  5. Start trading after your account is activated.

What can I trade at tastyfx?

tastyfx offers a significant range of trading options with 97 available forex pairs and 19,537 tradeable symbols, which is considerably higher than the industry average of 3,623 symbols.

Feature tastyfx logotastyfx
Tradeable Symbols (Total) info 19537
Forex Pairs (Total) info 97
Social Trading / Copy Trading info No
Cryptocurrency (Physical) info No
Cryptocurrency (Derivative) info Yes
Spread Betting info Yes

tastyfx research screenshots

Account funding at tastyfx

Traders at tastyfx can deposit funds via debit card, wire transfer or bank transfer (Automated Clearing House (ACH)).

Feature tastyfx logotastyfx
Visa/Mastercard (Credit/Debit) info Yes
Bank Wire (Deposit/Withdraw) info Yes
PayPal (Deposit/Withdraw) info Yes
Skrill (Deposit/Withdraw) info No
Neteller (Deposit/Withdraw) info No

About tastyfx

As part of the IG Group, under IG US Holdings LLC, tastyfx and its affiliates (including tastytrade and tastylive) were acquired by IG in 2021 for over $1 billion in cash and equity as part of the terms of the tastytrade deal. IG has since rebranded its U.S. forex operations under the tastyfx brand, while its futures-related activities in the U.S. remain under its affiliate tastytrade.


Popular Forex Guides

More Forex Guides

Popular Forex Reviews

Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co
BrokerNotes.co

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

John Bringans
John Bringans

John Bringans is the Senior Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

close