Tastyfx Forex Review

Read our full TastyFX review to get exact details about their safety, accounts, spreads, platforms, assets, support, etc. Our unbiased tastyfx opinion lets readers decide whether tastyfx is a reliable broker.

Tastyfx Forex Broker History

Tastyfx is a regulated Forex broker that operates in the USA and enables traders to speculate on currency pairs. Since the broker is in the USA, it does not offer CFDs; rather, it allows access to real Forex pairs. The broker has a parent company, IG Markets Ltd, which is also a regulated Forex and CFDs broker. Tastyfx was launched in 2017, which makes it very experienced in the Forex trading space.

Tastyfx does not charge commissions, it is compensated through hedging arrangements with its parent broker, IG Markets Ltd.

TastyFX broker safety

Tastyfx is a regulated broker that is registered with the Commodity Futures Trading Commission (“CFTC”) as the Retail Foreign Exchange Dealer (RFED) and Introducing Broker (IB) and Forex Dealer Member (FDM) of the National Futures Association (“NFA”). The broker is overseen by the National Futures Association or NFA of the USA, making it a legit and reliable Forex broker.

TastyFX Broker Review of Accounts

Tastyfx has a simple approach when it comes to trading accounts. It only offers one live trading account and one demo account. There are no tiered account types available, which is a slight downside. However, on the live account, there are no commissions charged, and spreads are from 0.8 pips on EURUSD and 1 pip on other major pairs. The lack of different account types is understandable, as the broker only focuses on currency markets.

The minimum deposit is 250 dollars, and the maximum leverage is 1:50, which is conservative and still enough to control position sizes 50 times the account balance.

Apart from this standard live account, the broker also offers a premium or VIP account for active traders, which offers additional features such as:

• Premium client manager and premium support
• Cashback rebates from 5-15%
• High-level Forex analysis and premium newsletter
• Potential free reimbursements for wire transfers
• VPS access for the MT4 platform

TastyFX instruments

When it comes to trading instruments, the broker only offers access to currency markets, meaning there are only Forex pairs offered. However, these pairs are not CFDs as these derivatives are prohibited in the United States. Instead, all Forex pairs are spot Forex pairs, enabling traders to access the real thinking and not derivatives. The inability to access cryptos and other markets is surely a downside with the Tastyfx broker.

Overall, there are more than 80 currency pairs available for trading.

TastyFX Reviews of Trading Platforms

Tastyfx might be falling short when it comes to trading account diversity and trading instruments, but when it comes to trading platforms, there are several popular advanced platforms offered.

The broker offers the tastyfx mobile trading app, MetaTrader 4, ProRealTime, and TradingView. These platforms support custom indicators and automated trading systems or Expert Advisors (EAs), which are flexible. ProRealTime is an advanced trading platform that offers access to over 100 indicators, customizing trading hours, the ability to create and develop custom indicators, many different chart types, and plenty of timeframes. The platform is web-based and is integrated with the tastyfx trading platform.

Overall, tastyfx offers an excellent trading experience when it comes to trading platforms.

TastyFX Forex Review of Extra Features

When it comes to extra features, the broker offers plenty of resources for both education and trading tools.

Tastyfx education

Traders can learn via the learning materials offered by the Tastyfx broker. There are articles and guides on what Forex is, how to trade currencies, how to manage trading risks, and offers a list of Forex need-to-knows. There is a guide on how to build and backtest a trading strategy for FX markets, which is useful. However, there are no webinars or live events available to let beginners get hands-on experience with markets and gain practical knowledge, which is a downside.

Tastyfx trading tools and other features

The broker provides traders with news events, economic calendar, strategies, economic news, and Forex newsletters.

Apart from trading resources and tools there are bonuses offered of up to 10,000 USD funding bonus, cashbacks up to 15%, and premium client services for the premium or VIP account users.

TastyFX Reviews of Customer Support

The customer support experience is mediocre with the TastyFX Forex broker because it does not offer live chat. The broker offers phone support and an email channel instead. Apart from hotline and email, traders can also visit the broker’s branches physically which is inconvenient.

Traders can use the helpdesk and contact the broker by selecting their status: existing accounts or new accounts, which is useful. The office is located in Chicago for a physical office.

TastyFX Deposit and Withdrawal

Deposits and withdrawals are available mainly via wire transfers in local USA banks. The broker reimbursement works for the transaction fees, but only for premium users or VIP clients, which is a downside. The withdrawal takes 3-5 business days, which is standard for wire transfers, making it a slow process.

TastyFX Review Conclusion – Can you trust TastyFX?

Tstyfx is a US-based regulated Forex broker under NFA oversight, ensuring high levels of security and legitimacy for traders. The broker does not offer CFDs as they are not legal in the USA. Instead, traders can access Forex pairs directly with a maximum leverage of up to 1:50, which is very flexible. Spreads are from 0.8 pips on major pairs, and there are no trading commissions charged. The minimum deposit is 250 dollars, and the broker offers standard accounts and also VIP trading accounts for premium users. Customer support includes phone support, email, and physical office support, which is flexible. However, the lack of a live chat is still a concern.

Overall, tastyfx is a legit broker that allows US-based traders to access FX pairs without commissions.

FAQs on TastyFX

Is TastyFX a scam?

TastyFX scam is highly unlikely as the broker is regulated by the National Futures Association (NFA) of the United States, which is one of the strictest regulators.

What is the TastyFX minimum deposit?

The minimum deposit at TastyFX is 250 dollars on its standard live trading account, which is competitive.

Is TastyFX a cheap broker?

Tastyfx offers low spreads from 0.8 pips on major pairs and charges no commissions, making it a cost-effective Forex broker.