tastyfx review

Regulated by

CFTC; National Futures Association (NFA)

Regulator tier

Tier 1

Register entry

NFA BASIC, NFA ID 0509630

Client money segregated

Yes, subject to US retail forex customer-funds requirements

Held at

Qualifying US financial institutions

Negative balance protection

No

Compensation scheme

No

Audited by

Independent external auditors; audited financial statements publicly disclosed under NFA requirements

Not available to

United States clients only; availability subject to eligible US residency and state restrictions

Check the licence on the regulator's own site, not on a link somebody sent you.

tastyfx lists its regulation as CFTC; National Futures Association (NFA).

Check the licence yourself: NFA BASIC.

Legal entity

tastyfx, LLC

Company number

NFA ID 0509630

Headquarters

Chicago, Illinois, United States

Founded

2019

Publicly listed

No

Parent company

IG Group Holdings plc

Employees

2,000+ group-wide

Also trades as

tastyfx; formerly IG US

Deposit methods

ACH, bank wire, debit card

Withdrawal methods

ACH, bank wire, debit card where eligible

Deposit time

Debit card generally immediate; ACH typically 1-3 business days; wire generally same or next business day

Withdrawal time

Typically 1-5 business days depending on method

Minimum withdrawal

$1

Local payment methods

ACH bank transfer

Spread from

0.0 pips

EUR/USD spread

Approx. 0.8 pips, Standard minimum pricing

GBP/USD spread

Approx. 1.0 pip, Standard minimum pricing

Commission

$0 Standard/Prime; $5 per lot Zero+

All-in cost, EUR/USD

Approx. 0.8 pips Standard

Spread type

Variable

Overnight swap

Both: overnight funding may be charged or credited

Deposit fee

None internally

Withdrawal fee

Generally none internally; bank charges may apply

Currency conversion

Applicable conversion rate/spread

An offer that beats the market by a wide margin is the most reliable warning sign there is.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

tastyfx lists a minimum deposit of $1. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Spot Forex

Currency pairs

85+

Total instruments

85+

Crypto CFDs

No

Maximum leverage

1:50

Execution model

Market maker / principal with hedging arrangement through IG Markets Ltd

Execution speed

Approx. 15ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop and platform-specific advanced orders

Servers

US/global IG Group trading infrastructure

Leverage is capped at 1:50, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

tastyfx covers spot forex. A wider range matters less than depth in the instruments you actually trade.

Funding options: ach, bank wire, debit card. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

tastyfx Platform, TradingView, MetaTrader 5, ProRealTime

Own platform

Yes

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes, MT5 Expert Advisors and automated strategies

Copy trading

No

Indicators

30+ proprietary indicators; extensive TradingView, MT5 and ProRealTime libraries

Third-party tools

TradingView, MetaTrader 5, ProRealTime

API access

Yes

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Minimum deposit

$1

Account types

Standard, Zero+, Prime, Demo, Corporate, Joint, IRA

Account currencies

USD

Islamic account

No

Demo account

Yes

Professional account

Yes, Prime/institutional and corporate configurations

Minimum trade size

1,000 currency units / 0.01 standard lot

Time to open

Typically a few minutes, subject to verification

Support hours

24 hours a day from 3 a.m. Saturday to 5 p.m. Friday ET

Contact channels

Live chat, email, phone, Help Centre

Languages

English

Telephone

+1 312 981 0498

Email

helpdesk.us@tastyfx.com

Live chat response

Typically within minutes

Education

Extensive: forex education, trading guides, platform tutorials, webinars, strategy content and educational articles

Research

Market analysis, economic commentary, technical analysis, TradingView/ProRealTime tools and market news