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iFOREX vs tastyfx 2024

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Written by ForexBrokers.com

August 29, 2023

Is iFOREX better than tastyfx? In our analysis of 23 international regulators across 62 of the best forex brokers, Vestle is considered average-risk, with an overall Trust Score of 78 out of 99. tastyfx is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating iFOREX tastyfx
Overall Rating info 4/5 Stars 5/5 Stars
Commissions & Fees 3/5 Stars 5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3/5 Stars 5/5 Stars
Trust Score info 75 99
Winner check_circle
Review tastyfx Review
Broker Screenshots iFOREX tastyfx
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation iFOREX tastyfx
Trust Score info 75 99
Year Founded info 1996 1974
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 1 8
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) iFOREX tastyfx
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) iFOREX tastyfx
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments iFOREX tastyfx
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 750 19537
Forex Pairs (Total) info 88 97
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost iFOREX tastyfx
Average Spread EUR/USD - Standard info N/A 0.98
All-in Cost EUR/USD - Active info N/A 0.82
Active Trader or VIP Discounts info No Yes
Inactivity Fee info No Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding iFOREX tastyfx
Minimum Deposit info $100 $250.00
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms iFOREX tastyfx
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools iFOREX tastyfx
Virtual Trading (Demo) info No Yes
Alerts - Basic Fields info No Yes
Watchlists - Total Fields info 9 5
Charting - Indicators / Studies (Total) info 57 33
Charting - Drawing Tools (Total) info 25 20
Charting - Trade From Chart info Yes Yes
Charts can be saved info No Yes
Mobile Trading iFOREX tastyfx
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info No Yes
Mobile Watchlist info No Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info N/A 33
Mobile Charting - Draw Trendlines info No Yes
Mobile Charting - Multiple Time Frames info No Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info No Yes
Research iFOREX tastyfx
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education iFOREX tastyfx
Education (Forex or CFDs) info No Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs iFOREX tastyfx
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review tastyfx Review
Overall iFOREX tastyfx
Overall Rating info 4/5 Stars 5/5 Stars
Commissions & Fees 3/5 Stars 5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 5/5 Stars
Mobile Trading 4/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3/5 Stars 5/5 Stars
Trust Score info 75 99
Winner check_circle
Review tastyfx Review
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iFOREX vs tastyfx Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare iFOREX vs tastyfx.

Can I trust iFOREX?

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by two Tier-1 regulators (highly trusted), zero Tier-2 regulators (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Vestle is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

Can I trust tastyfx?

tastyfx's parent company, IG, is a publicly traded company, operates a regulated bank, and is authorised by eight Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IG is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

Is iFOREX good?

Vestle is operated by a long-standing company, previously known as iForex, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.

Is tastyfx good?

tastyfx, the US arm of IG's forex business, offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

What is the minimum deposit requirement for opening an account with iFOREX?

To open a trading account with iFOREX, you'll need to make an initial minimum deposit of $100.

What is the minimum deposit requirement for opening an account with tastyfx?

tastyfx requires a minimum deposit of $250.00 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. iFOREX offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas tastyfx provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw).

Does iFOREX or tastyfx offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that iFOREX offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is iFOREX or tastyfx safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that tastyfx holds 8 global Tier-1 licenses, while iFOREX holds 1. tastyfx holds 2 global Tier-2 licenses, while iFOREX holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that tastyfx (99) earned a higher Trust Score than iFOREX (75).

Which trading platform is better: iFOREX or tastyfx?

To compare the trading platforms of both iFOREX and tastyfx, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, iFOREX offers a better experience. With research, iFOREX offers superior market research. Finally, we found iFOREX to provide better mobile trading apps.

Here’s what trading platforms are available at iFOREX:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at tastyfx:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. tastyfx offers MetaTrader 4 (MT4), while iFOREX does not. Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

What can I trade with each broker?

tastyfx provides traders 97 currency pairs (e.g., EUR/USD) compared to iFOREX's 88 available pairs. If you are interested in trading a full range of securities, tastyfx offers traders access to 19537 tradeable symbols, while iFOREX offers access to 750 tradeable symbols; so tastyfx offers 18787 more tradeable symbols than iFOREX.

We found in our testing that iFOREX offers a more diverse selection of investment options than tastyfx, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Social Trading / Copy Trading.

Overall winner: iFOREX

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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