Reviewed by Jacob Bakshi Jacob Bakshi Jacob Bakshi
CFD & Options Trading Specialist
Trading CFDs and options has been my playground for years, and I love helping others understand these powerful tools and what makes the financial world tick. My work mostly focuses on giving traders the confidence to make informed decisions with unbiased reviews into platforms that prioritize fair pricing, advanced tools, and reliable execution because In fast-moving markets, every detail matters. I have a background in market analysis and risk management, and I’m always on the lookout for brokers that offer the right tools for serious traders.
using our CLEAR™ Methodology The CLEAR™ Score (Credibility, Leverage, Execution, Accessibility, Regulation) is our proprietary ranking system. The CLEAR™ Score provides you with the most accurate and transparent broker ranking after evaluating all the key factors that are crucial for trading success. .

Last fact check on July 6, 2025 by

Roger Wohlner Roger Wohlner Roger Wohlner
Financial Journalist
Roger is a financial and business writer who brings a wealth of experience as a financial advisor to his expertly crafted articles. With over 25 years in the financial advisory trenches, he has guided individual clients through complex wealth-building strategies and advised corporate plan sponsors on optimizing 401(k) and pension plans. His work, featured in ThinkAdvisor, Investopedia, Motley Fool, and Time, distills intricate topics like retirement planning, tax optimization, investing and financial advisor best practices into actionable, jargon-free insights. At CleaRank, Roger merges hands-on industry expertise with a passion for dissecting market trends and simplifying complex financial topics.

tastyfx Review 2025

The world renowned IG Group launched its first foray into the U.S. market with IG US in 2019 but then rebranded in 2024 to tastyfx: A specialized forex broker designed for traders who prioritize speed, transparency, and cost efficiency. We rigorously tested and investigated this forex only broker over a period of a few weeks, providing a CLEAR™ score across key categories. This enabled us to reach some concrete conclusions of whether tastyfx upholds the excellent IG reputation and whether it brings anything new to the competitive U.S. trading community.

CLEAR™ Certified Broker

CLEAR™ CERTIFIED BROKER: 4.5/5

  • Tier-1 U.S. Regulation
  • Negative Balance Protection
  • Competitive spreads
  • No slippage during testing
  • MT4, TradingView, and ProRealTime

Why Trade with TastyFX

The CleaRank Dynamic Spread Tracker verified that tastyfx delivers up to 40% tighter spreads than most U.S. brokers in volatile sessions. For example, EUR/USD trades cost just 0.8 pips vs. the industry average of 1.2–1.5 pips. Combine this with 50:1 leverage (CFTC-compliant), no commissions, and no deposit fees, and you have a broker that’s here to compete with the best.

If you thought that’s impressive, there’s a lot more to tastyfx than low costs. It manages not to compromise on professional trading tools such as full TradingView integration, MT4 support, and premium services for high-volume traders. Most features we tested were engineered for high performance.

Pros

Tier-1 U.S. Regulation (CFTC/NFA)

Zero Commissions + Tight Spreads

Award-Winning Platforms

Consistently Fast Execution

Premium Perks for Active Traders

Real human support

Cons

Limited Tradable Assets –  Only Forex

No 24/7 Support

Higher Spreads on Exotics

No MT5 or cTrader

No Investor Compensation

No copy trading or social features

Tier-1 U.S. Regulation (CFTC/NFA)

Zero Commissions + Tight Spreads

Award-Winning Platforms

Consistently Fast Execution

Premium Perks for Active Traders

Real human support

Limited Tradable Assets –  Only Forex

No 24/7 Support

Higher Spreads on Exotics

No MT5 or cTrader

No Investor Compensation

No copy trading or social features

Regulation: Is tastyfx Safe?

(CLEAR™ Score: 4.7/5)

U.S. regulatory bodies are renowned for the most stringent financial oversight in the world. tastyfx is regulated by both the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association, which are Tier-1 regulators. They enforce negative balance protection for all U.S. retail clients but unfortunately do not provide investor compensation schemes such as SIPC coverage.

TastyFX CLEAR™ Safety Score: Overall 4.7

We break down our Safety Score for TastyFX according to our CLEAR™ methodology after thorough investigation:

CLEAR™ Score

Credibility Factor

4.9

tastyfx is Regulated by the CFTC/NFA (Tier 1)

4.1

Negative balance protection is enforced, but no SIPC/FINRA safeguards exist.

4.8

tastyfx has a clean compliance track record and no regulatory warnings. 

4.9

tastyfx is backed by IG Group which has more than10 years in the market and a proven track record.

Regulatory Snapshot

Regulatory Authority

Legal Entity

License Number

Tier

CFTC (USA)

TastyFX, LLC

RFED/IB

Tier 1

NFA (USA)

TastyFX, LLC

0509630

Tier 1

What We Liked:

  • Tier-1 U.S. Regulation: CFTC/NFA oversight ensures strict compliance and transparency.
  • Negative Balance Protection: Retail clients cannot lose more than their account balance.

What We Didn’t Like:

  • No Investor Protection: No compensation schemes such as the SIPC.

Commissions, Spreads and Fees: Transparent Pricing, Zero Commissions

(CLEAR™ Score: 4.5)

Our research revealed tastyfx’s unique approach to pricing, they charge zero commissions on trades but costs are factored directly into the spreads. Our Dynamic Spread Tracker analyzed their pricing across 80+ forex pairs and concluded that their spreads are competitive for major pairs but inconsistent for exotics. While we found that tastyfx maintains full transparency with no hidden fees, we did experience spread widening during market volatility, and in some rare cases it was significant.

Spreads: Competitive for Majors, Wider for Exotics

Our live spread tracker confirmed that tastyfx maintains spreads starting at 0.8 pips for EUR/USD and USD/JPY, as advertised. However this is mainly during stable trading sessions, as we experienced significant spread widening during high volatility (e.g., EUR/USD hit 1.2 pips during ECB announcements). For scalpers and news traders this is a significant blow, and tastyfx may not be the optimal broker for you. Exotic pairs like USD/ZAR saw spreads up to 110 pips, reflecting typical market illiquidity.

Forex Spread Comparison (Live-Tracked Averages)

Pair

TastyFX Spread

Industry Avg.

EUR/USD

0.8 pips

1.0–1.5 pips

GBP/JPY

2.5 pips

3.0–4.0 pips

USD/ZAR

110 pips

120–150 pips

AUD/JPY

1.6 pips

2.0–2.5 pips

Commissions: None, But Spreads Carry the Cost

Initially it seemed to us that tastyfx had come up with the secret sauce to low cost trading by combining zero commissions and super low spreads. They manage this impressive feat by embedding costs into the spreads and a hedging partnership with IG Markets. While this enables simplified fee structures, it’s far from perfect. Per our research active traders will pay more over time compared to raw ECN accounts elsewhere.

Margin Rates: Flexible but Demanding for Exotics

Margin requirements range from 2% (EUR/USD) to 25% (TRY pairs). While majors are accessible, exotic pairs like USD/CNH demand 5–25% margin, limiting leverage for riskier trades.

Pair

Margin Requirement

Industry Avg.

EUR/USD

2%

3–5%

USD/TRY

25%

20–30%

GBP/JPY

5%

5–10%

Fees: No Hidden Charges

One of tastyfx’s strong points is a transparent fee structure, because they don’t charge any! Our testing confirmed that they charge zero deposit/withdrawal fees, no inactivity charges, and no account maintenance costs.

Fee Type

tastyfx

Industry Avg.

Deposit Fee

$0

$5–$20

Withdrawal Fee

$0

$5–$20

Inactivity Fee

$0

$10–$50/month

Volume Rebates: Up to 15% Cashback

If you’re a trader that likes to get busy, tastyfx offers generous rebates of up to 15% on spreads paid. It’s a nice perk as it softens costs for high-frequency strategies.

What We Liked:

  • No commissions or hidden fees.
  • Competitive spreads on majors like EUR/USD (0.8 pips).
  • Generous rebates for active traders.

What We Didn’t Like:

  • Spreads widen sharply during news/volatility.
  • High margin requirements on exotics (e.g., 25% for USD/TRY).
  • No ECN/raw account option for ultra-low pricing.

Funding: Streamlined but Limited Options

(CLEAR™ Score: 4.5)

We tested the tastyfx ACH and debit card funding methods, both were simple and fast and didn’t cost a dime. However, tastyfx does not offer funding via e-wallets or cryptocurrencies, which are offered by most reputable international brokers as a standard option. Hopefully this will change, as U.S. regulators warm up towards the crypto market in the coming years.

Deposit Methods: Fast but Narrow Selection

We noticed three core deposit methods offered by tastyfx: debit card, ACH transfers (via Plaid), and wire transfers. ACH with Plaid enables next-business-day funding, while debit cards process instantly. However, the $250 minimum deposit is steep and well above the competition, which will dishearten casual traders or newbies. For comparison, IC Markets minimum deposit for Raw Spread accounts require $0, while Standard accounts require $200 via credit/debit card or $50 via e-wallets and Crypto deposits start at $100.

Deposit Methods and Processing Times

Method

Processing Time

Min Deposit

Currencies

Fees

Debit Card

Instant

$250

USD

$0

ACH Transfer (Plaid)

1 Business Day

$250

USD

$0

ACH Transfer (Manual)

3–4 Business Days

$250

USD

$0

Wire Transfer

1–5 Business Days

$250

USD

$0

Max Deposit Limits:

  • $99,999 per day for debit cards
  • $25,000 per day for ACH
  • Third-party banks may charge fees for international wires.

Withdrawal Methods: No Fees, Mirrors Deposits

We tested multiple withdrawal methods with varying amounts and it mostly mirrored the deposit methods in terms of processing time, no fees and simplicity. The main difference being debit card funding, where deposits are instant but U.S. debit withdrawals are executed the same day. We would say it’s just about good enough but still far from being the best in the industry. It’s important to note that currency conversion fees apply for non-USD transactions.

What We Liked:

  • $0 deposit/withdrawal fees across all methods.
  • Instant debit card deposits and same-day U.S. debit withdrawals.
  • Plaid integration streamlines ACH verification and funding.

What We Didn’t Like:

  • High minimum deposit (S250 vs.industry avg. of $10–$50).
  • No e-wallets or crypto funding methods are supported
  • Limited currency options (USD-only for most transactions).
  • Slow initial funding via manual ACH as verification takes 3–5 days, 

Trading Platforms: Robust but Third-Party Heavy

(CLEAR™ Score: 4.6)

As you’d expect from a broker in this category, tastyfx offers a solid choice of platforms such as TradingView and the popular MT4. They also offer ProRealTime which is rare amongst U.S. brokers and is currently only offered by Saxo Bank and Interactive Brokers. Despite the fact that they don’t have their own proprietary platform, our robust testing confirmed that tastyfx offers enough industry leading tools to satisfy the needs of the most experienced technical traders and algo strategists. The only real downside we found was that they don’t offer the MT5 or cTrader platforms, which means traders may have limited access to the latest automation tools.

CLEAR™ Trading Platforms Score Breakdown

CLEAR™ Score

Platform Features

4.7

tastyfx offers MT4, TradingView, and ProRealTime (rare in the U.S.), which are all considered industry leading platforms.

4.4

Our order tests showed no requotes, but we did experience volatility-related delays during news spikes. Overall our Execution Tracker confirmed competitive execution time across all platforms

4.6

The award-winning tastyfx mobile app supports full trading, charting, and signals

4.8

MT4’s Expert Advisors and ProRealTime’s ProScreener delivered solid automation. We also liked the free access to many MT4 add-ons (e.g., Mini Terminal, Stealth Orders) that seriously improved strategy execution.

Our Key Findings for Each Platform

After 24/7 rigorous testing of every platform offered by tastyfx, we observed some standout features which will play a key role in your trading success.

TradingView 

Traders worldwide love TradingView and for good reason. At tastyfx the integration is seamless and you trade directly from the TradingView charts and get real-time signals. Also backtesting via Replay Mode is available, which is another crucial feature. However this does require a separate TradingView plan and if you ask us, it’s worth every penny.

MetaTrader 4 (MT4)

We definitely weren’t surprised to see the old and reliable workhorse in action, but we did notice some standout features during testing such as Free VPS hosting for low-latency algo trading. This is only available for accounts with a minimum balance of at least $2000. Another great feature was the inclusion of Autochartist and 18 free indicators (e.g., Renko, Pivot Points).

ProRealTime

Seeing a U.S. broker offering ProRealTime was really refreshing and it’s exclusive to tastyfx. No other broker can offer ProRealTime in the United States. The key highlights we found was the custom scripting with ProBuilder, over 100 indicators, and unlimited timeframes. This service is free for the first month, but then carries a subscription fee of $40/month unless trading 4+ lots monthly which is reasonable and doable.

ProRealTime custom indicators
tastyfx review – ProRealTime custom indicators
ProRealTime ProScreener to set customized alerts
tastyfx review – ProRealTime ProScreener to set customized alerts

Web and Mobile Apps

This is where tastyfx comes up slightly short in our opinion. We found the technical tools to be limited in comparison to their competitors. They do offer basic charting with over 30 indicators and real-time signals, but in today’s day and age where trading on the go is the norm rather than the exception, this is standard. Another major drawback is that the mobile apps lack integration – MT4 and TradingView require separate logins instead of a unified access system

What We Liked:

  • Exclusive ProRealTime access for advanced technical analysis.
  • Free MT4 VPS reduces latency for algorithmic trading.
  • TradingView integration bridges social trading and advanced charting.
  • Zero platform fees (excluding ProRealTime after the first month).

What We Didn’t Like:

  • No cTrader or MT5 – relies on outdated MT4 for automation.
  • ProRealTime is too costly for casual traders in the long run.
  • Mobile app lacks Synergy – MT4/TradingView require separate logins.
  • No standalone TradingView trading – requires linking to a tastyfx account.

Customer Support: Reliable but Limited Hours

(CLEAR™ Score: 4.3)

We were relatively satisfied with the tastyfx 24/5 availability via phone and email, which is a necessity for urgent trading like placing spot forex orders. During our tests, responses were prompt (under 10 minutes for emails, instant phone pickups), and agents demonstrated clear knowledge of platform tools and margin rules. However, frankly it’s nothing more than satisfactory, as there is no live chat or dedicated account managers which you would expect from a broker of this calibre. On the bright side, their Help and Support site offers a searchable database for self-service on topics like deposits, charts, and fees. While efficient, their whole support setup just feels robotic. Yes, it’s great for resolving issues quickly, but it’s missing the “human touch” of brokers offering dedicated mentors or extended weekend hours.

What We Liked:

  • 24/5 phone access for urgent trades or account issues.
  • Direct trading desk line (312-981-0498) avoids hold times during market hours.
  • Help site neatly organizes FAQs, reducing back-and-forth emails.

What We Didn’t Like:

  • No live chat for casual queries or quick fixes.
  • Limited weekend availability (closed Friday 5pm to Saturday 3am ET).
  • No assigned account managers and lacking continuous oversight.
tastyfx client support portal
tastyfx client support portal

Tradable Assets: Forex Only

(CLEAR™ Score: 3.9)

If you’re a forex trading purist, then you’ll get a polished experience with the respectable but unremarkable lineup of 80+ forex pairs, including majors, minors, and a handful of exotics like USD/ZAR and USD/SEK. But for anyone craving some diversity, it’s a non-starter.  Unfortunately tastyfx is a one trick forex pony, falling behind their competitors that bundle forex with stocks, crypto, and ETFs—all under one roof. We couldn’t help but feel that this strategy of forex only trading is a half baked experience.

Forex Trading: Their Specialty

Forex is tastyfx’s sole focus, and you’ll immediately feel the difference. Our testing revealed execution speeds that were mostly reliable, with no requotes during volatile sessions. Also their margin requirements of 2%–25% align with industry standards. Nevertheless, we couldn’t shake the restrictive feeling of tastyfx’s single-asset approach.

Other Assets: Missing in Action

Surprisingly, tastyfx doesn’t offer stocks, ETFs, commodities, or cryptocurrencies—period. While its sister platform, tastytrade (under the same IG Group umbrella), provides these assets, switching between platforms adds friction and frankly just doesn’t make sense. For context, competitors like Interactive Brokers and eToro offer thousands of assets under one login, making tastyfx’s forex-only model a really hard sell.

Social and Automated Tools: Basic but Functional

For traders prioritizing automation, tastyfx delivers the MetaTrader 4’s Expert Advisors and ProRealTime’s ProBuilder for custom strategies. These tools do the job but lack the depth of cTrader or TradingView’s ecosystems. There’s also no copy-trading or social features, which is another disadvantage compared to brokers like eToro or Fusion Markets.

What We Liked:

  • Tight spreads on core pairs like EUR/USD (0.8 pips).
  • Reliable execution with no slippage during testing.
  • Flexible leverage up to 50:1 for risk management.

What We Didn’t Like:

  • Zero non-forex assets. There are no stocks, crypto, or commodities.
  • No integration with tastytrade’s offerings, which forces juggling between platforms..
  • Vastly outgunned by rivals in asset diversity and social trading tools.

Account Opening: Niche IRA Access with Extra Steps

(CLEAR™ Score: 4.1)

For standard retail accounts we found the account opening process to be straightforward. However for IRA traders the process is complex with plenty of stumbling blocks. The IRA offering is a rare perk allowing forex trading through retirement funds. While innovative, it hinges on third-party custodian Equity Trust, adding paperwork and delays (10–15 business days for transfers).

On the other hand, the retail process is quick. We opened a basic forex account and completed the digital application in under 15 minutes. We also received the verification confirmation that same day and were ready to trade in under 24 hours. That’s efficient as can be, so no qualms from us.

tastyfx account opening application
tastyfx account opening application

How to Open a TastyFX Account

Retail Accounts (Fast & Simple):

  • Complete the digital application form.
  • Profile Setup: Detailed personal info (birthdate, residency, income and savings, trading experience). Note: Ohio residents are excluded.
  • Verification: Snap a photo of your ID (passport, driver’s license) and a utility bill for address proof.
  • Fund account and start trading: You should receive account verification within 24 hours. You can then proceed to choose your funding method and begin trading.

IRA Accounts (Patience Required):

  • Existing Retail Account Required: Must have an active tastyfx forex account.
  • Link to Equity Trust: Open an IRA via  tastyfx’s dashboard, either creating a new Equity Trust account or linking an existing one.
  • Fund Through Custodian: Transfers take 10–15 days, plus 1–3 days to reach tastyfx.
  • Trade Restrictions: MT4 unavailable for IRAs; rebates apply but no new-account bonuses.

What We Liked:

  • Same-day approval for basic forex account.
  • Rare IRA access for forex trading.
  • Mobile-friendly process.
  • Digital application takes 15 minutes maximum to complete.

What We Didn’t Like:

  • IRA setup is complex and relies heavily on Equity Trust which slows down the access.
  • No MT4 for IRAs. There is limited strategy automation for retirement accounts.
  • Geographic restrictions: Ohio residents excluded entirely.

tastyfx FAQ

tastyfx is a specialized online forex broker based in the United States, providing services to U.S. clients only. It also does not provide services in the state of Ohio.

Yes, tastyfx is a tier 1 regulated U.S. forex broker and is considered a legitimate financial institution.

No, tastyfx accepts only U.S. clients. International traders can trade directly with IG.

No, tastyfx is a forex only broker offering 80+ currency pairs for trading.

The maximum leverage at tastyfx is 50:1 on some currency pairs.

tastyfx offers the MT4, TradingView and ProRealTime trading platforms.

The minimum deposit is $250.

Yes, the CleaRank Dynamic Spread Tracker verified that tastyfx delivers up to 40% lower spreads than most U.S. brokers in volatile sessions.

Both brokers are under the same IG Group umbrella, however tastyfx is a forex only broker, while tastytrade enables stocks, futures and crypto trading.

No, tastyfx does not offer Investor Protection: There are no compensation schemes such as the SIPC. However, there is negative balance protection. 

Jacob Bakshi Author Profile
Jacob Bakshi Author Profile

Jacob Bakshi

I’m Jacob and I specialize in CFDs, options trading, and market analysis. Over the years, I’ve developed a deep understanding of the risks and rewards that come with trading derivatives and survived enough volatility to know that trading is like skydiving: thrilling, but you’d better trust your parachute (or broker). I use CleaRank’s Methodology to test brokers based on their offerings and ensure traders that visit our site have access to brokers that align perfectly with their trading strategies.