TastyFX Broker Review

Overview:

TastyFX, previously known as IG US, is a CFTC and NFA-regulated forex broker offering competitive features such as relatively low spreads and good execution speeds. The broker provides access to over 80 forex pairs, making it a strong option for both novice and experienced traders. Their platform suite includes MetaTrader 4 (MT4) and a proprietary trading platform with a range of customizable options.

Overall Rating: 3.9/5

  • Category
  • Key Features & Customer Support
  • Price Feed Performance
  • Accounts and Platforms
  • Overall Rating
  • Rating
  • (4.5/5)
  • (4.0/5)
  • (3.3/5)
  • (3.8/5)
  • Category
  • Key Features & Customer Support
  • Rating
  • (4.5/5)
  • Category
  • Price Feed Performance
  • Rating
  • (4.0/5)
  • Category
  • Accounts and Platforms
  • Rating
  • (3.3/5)
  • Category
  • Overall Rating
  • Rating
  • (3.8/5)

Key Features & Customer Support:

TastyFX offers unscripted human support available 24 hours a day, five days a week. We found the live US-based phone support to be refreshing. It’s possible to call and speak to a live person! Clients benefit from live US-based customer service, forex-focused newsletters, and real-time updates.

  • Feature
  • Year Founded
  • Headquarters
  • Supported Currencies
  • Funding Methods
  • Support Languages
  • Customer Support
  • Details
  • 2024
  • United States
  • USD
  • Bank Wire, ACH, Debit Card
  • English
  • 24 hours, 5 days a week
  • Rating
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A
  • (5/5)
  • Feature
  • Year Founded
  • Details
  • 2024
  • Rating
  • N/A
  • Feature
  • Headquarters
  • Details
  • United States
  • Rating
  • N/A
  • Feature
  • Supported Currencies
  • Details
  • USD
  • Rating
  • N/A
  • Feature
  • Funding Methods
  • Details
  • Bank Wire, ACH, Debit Card
  • Rating
  • N/A
  • Feature
  • Support Languages
  • Details
  • English
  • Rating
  • N/A
  • Feature
  • Customer Support
  • Details
  • 24 hours, 5 days a week
  • Rating
  • (5/5)

Price Feed Performance:

We tested execution speed on a broker sponsored VPS. The server location and VPS are located in the UK and we found the platform to deliver good order execution with an average speed of < 3 milliseconds. Traders will benefit from low spreads, no commissions and a cost-efficient trading experience.

  • Performance Category
  • Sponsored VPS Provider
  • Ping Speed
  • Trade Execution Speed
  • Ease of Withdrawing Funds
  • Slippage (Opening Orders)
  • Slippage (Closing Orders)
  • Spreads
  • Symbol format
  • Details
  • Beeks (MT4 Server Location: United Kingdom)
  • <3 ms average execution speed
  • Good execution with minimal delays
  • Efficient and reliable
  • Minimal slippage on opening orders
  • Minor slippage observed
  • Low Spreads
  • Suffix “.FX” (example: “EURUSD.FX”)
  • Rating
  • N/A
  • (4/5)
  • (3/5)
  • (5/5)
  • (4/5)
  • (4/5)
  • (5/5)
  • N/A
  • Performance Category
  • Sponsored VPS Provider
  • Details
  • Beeks (MT4 Server Location: United Kingdom)
  • Rating
  • N/A
  • Performance Category
  • Ping Speed
  • Details
  • <3 ms average execution speed
  • Rating
  • (4/5)
  • Performance Category
  • Trade Execution Speed
  • Details
  • Good execution with minimal delays
  • Rating
  • (2/5)
  • Performance Category
  • Ease of Withdrawing Funds
  • Details
  • Efficient and reliable
  • Rating
  • (5/5)
  • Performance Category
  • Slippage (Opening Orders)
  • Details
  • Minimal slippage on opening orders
  • Rating
  • (4/5)
  • Performance Category
  • Slippage (Closing Orders)
  • Details
  • Minor slippage observed
  • Rating
  • (4/5)
  • Performance Category
  • Spreads
  • Details
  • Low Spreads
  • Rating
  • (5/5)
  • Performance Category
  • Symbol format
  • Details
  • Suffix “.FX” (example: “EURUSD.FX”)
  • Rating
  • N/A

Accounts and Platforms:

TastyFX offers a broad range of account types and platforms, including MetaTrader 4 and their proprietary TastyFX platform. These platforms provide a variety of tools and indicators for automated trading, advanced charting, and in-depth market analysis.

  • Category
  • Account Types
  • Leverage
  • API Available
  • Trading Platforms
  • Backend Platform
  • Minimum Deposit
  • Minimum Trade Size
  • Trailing Stops
  • Scalping
  • Hedging Allowed
  • Broker Sponsored VPS Available
  • FIFO Implementation
  • Details
  • Individual, Corporate, Demo
  • Up to 50:1 for major pairs
  • No
  • MetaTrader 4 (MT4), TastyFX Platform
  • Account management dashboard
  • $0
  • 0.01 lots
  • Yes
  • Yes
  • No hedging with US regulated brokers
  • Yes, for $10K+ funded accounts
  • Stop loss levels are applied to all active orders to close orders in sequence.
  • Rating
  • N/A
  • N/A
  • N/A
  • (4/5)
  • (3/5)
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A
  • N/A
  • (3/5)
  • Category
  • Account Types
  • Details
  • Individual, Corporate, Demo
  • Rating
  • N/A
  • Category
  • Leverage
  • Details
  • Up to 50:1 for major pairs
  • Rating
  • N/A
  • Category
  • API Available
  • Details
  • No
  • Rating
  • N/A
  • Category
  • Trading Platforms
  • Details
  • MetaTrader 4 (MT4), TastyFX Platform
  • Rating
  • (4/5)
  • Category
  • Backend Platform
  • Details
  • Account management dashboard
  • Rating
  • (3/5)
  • Category
  • Minimum Deposit
  • Details
  • $0
  • Rating
  • N/A
  • Category
  • Minimum Trade Size
  • Details
  • 0.01 lots
  • Rating
  • N/A
  • Category
  • Trailing Stops
  • Details
  • Yes
  • Rating
  • N/A
  • Category
  • Scalping
  • Details
  • Yes
  • Rating
  • N/A
  • Category
  • Hedging Allowed
  • Details
  • No hedging with US regulated brokers
  • Rating
  • N/A
  • Category
  • Broker Sponsored VPS Available
  • Details
  • Yes, for $10K+ funded accounts
  • Rating
  • N/A
  • Category
  • FIFO Implementation
  • Details
  • Stop loss levels are applied to all active orders to close orders in sequence.
  • Rating
  • (3/5)

The MetaTrader platform is renowned for their advanced charting tools and automated trading capabilities. TastyFX's proprietary platform offers a clean, customizable interface that can be tailored to suit different trading strategies.

Regulation

TastyFX is fully regulated by the CFTC and is a member of the NFA for US-based traders, which brings oversight and security requirements.

All US regulated forex brokers are subject to non-segregated accounts, FIFO (first in first out) and non-hedging. TastyFX handles the FIFO rule implementation by allowing trades to be opened of the same lot size and symbol; however, FIFO is enforced on closing trades. If multiple orders are opened for a given symbol and a stoploss is applied to one of the trades, the same stoploss level will be applied to the other open trade as well to avoid a FIFO conflict. This allows greater flexibility when opening a trade, and less flexibility when closing trades.

Rebates from TradingForexUSA.com

Rebates provide an amazing opportunity for traders to earn extra cash back on every single trade. When you connect a new forex trading account to us, the broker gives us a percentage of their spread earnings for every trade you make as compensation for introducing you as a client. When we get compensation from the broker, we make sure that you get a cash rebate for your trades.

It's a win-win situation since partnering with us always results in some additional cashback. The amount of profit or rebate you get from trading varies based on your trading volume and is paid to you monthly. When you become our client, the rebate payouts are automatically deposited to your bank account via Zelle around the middle of the month following the month in which the rebates are earned.

Conclusion:

TastyFX is a top-tier forex broker that offers competitive pricing, fast execution speeds, and comprehensive trading platforms. With no commissions, tight spreads, and a user-friendly experience across platforms like MT4 and their proprietary platform. TastyFX appeals to both novice and experienced traders.

Pros:

  • Low spreads
  • US Regulated by CFTC and NFA, offering strong oversight.
  • 24/5 live US-based customer support available.

Cons:

  • Slippage
KM Trading LLC (TradingForexUSA.com) is registered with the Commodity Futures Trading Commission (CFTC) as an independent introducing broker and is a member of the National Futures Association (NFA ID 0561608).

Risks and Limitations: Trading forex has large potential rewards, but also large potential risks. High leverage can work against you as well as for you. You must be aware of the risks of investing and be willing to accept them in order to trade. Trading involves substantial risk of loss and is not suitable for everyone. Do not trade with money you cannot afford to lose. This website is neither a solicitation nor an offer to buy or sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

© 2024 - KM Trading LLC (dba TradingForexUSA.com)