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tastyfx Review

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

July 09, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

tastyfx, IG’s newest brand, provides an experience specifically designed for U.S. forex traders. Though the name and logo have changed, the core business remains the same; existing U.S. clients at IG will experience a seamless transition when logging into their tastyfx account.

Though some of IG’s features, such as the IG Academy, have not yet made a full appearance at tastyfx, this rebranded U.S. arm of IG’s forex business offers the same platform experience, pricing structure, robust regulatory support, and powerful research that earned IG our #1 Overall Broker award in 2024 (among many of our other annual accolades).

tastyfx
5/5 Stars Overall
  • Minimum Deposit: $250.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 19537

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tastyfx pros & cons

thumb_up_off_alt Pros

  • tastyfx delivers competitive spreads, powerful research, advanced trading tools, and an excellent platform suite for web and mobile.
  • IG, rebranded as tastyfx for U.S. clients, won many of ForexBrokers.com's most prestigious Annual Awards and ranks at or near the top of nearly every major category.
  • tastyfx clients gain access to trading signals from AutoChartist and PIA First (the latter powered by Acuity Trading).
  • Algo trading is available on the popular MetaTrader 4 (MT4) platform.
  • The ProRealTime desktop platform, available for tastyfx clients, is great for forex charts and offers 80+ currency pairs.
  • tastyfx can handle large orders while maintaining excellent execution, thanks to its scalability and size as a market maker.
  • High-volume forex traders can benefit from the broker's volume-based cashback rebates.

thumb_down_off_alt Cons

  • The ability to trade futures, options, and other derivatives is segmented away on the tastytrade platform, separate from the tastyfx experience. Read the tastytrade review on StockBrokers.com to learn more.
  • Certain resources from IG, such as its IG Academy and IGTV, are not yet available within tastyfx (although I'm told tasty-produced content specifically created for U.S.-based forex traders is on the way).
  • Unless you trade more than 4 standard lots (1 standard lot = 100,000 units) per month, ProRealTime charts will cost $40/month.
  • The economic calendar within the tastyfx web platform currently redirects to the website and will not be launched on the platform until the end of July.

Overall Summary

U.S.-based clients of tastyfx will enjoy all of the benefits that come with holding an IG brokerage account with minimal changes to the overall trading experience, making for a seamless transition. It’s worth noting the absence of the IG Academy, though I’ve been told that new educational materials are being created for tastyfx clients.

Overall, IG remains one of the best forex brokers in the industry, and tastyfx is an excellent choice for U.S.-based forex traders seeking a trustworthy broker with a high-quality offering.

It’s worth noting that futures, options, and derivatives are segmented away on the tastytrade platform, which is a separate account and website (sister brand of tastyfx, also part of IG). The tastytrade platform is specifically designed for derivatives (futures and options trading), while tastyfx is optimized for forex traders. That said, this is a relatively small hurdle for traders who want to trade those asset classes.

Tastyfx name change from IG US.
Feature tastyfx logotastyfx
Overall Rating info 5/5 Stars
Trust Score info 99
Offering of Investments 5/5 Stars
Commissions & Fees 5/5 Stars
Platform & Tools 5/5 Stars
Research 5/5 Stars
Mobile Trading 5/5 Stars
Education 5/5 Stars

Is tastyfx safe?

Trust Score
99
ForexBrokers.com

tastyfx is considered Highly Trusted, with an overall Trust Score of 99 out of 99. 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 regulator (Average Risk), and one Tier-4 regulators (High Risk). tastyfx 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), Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

Feature tastyfx logotastyfx
Year Founded info 1974
Publicly Traded (Listed) info Yes
Bank info Yes
Tier-1 Licenses info 8
Tier-2 Licenses info 2
Tier-3 Licenses info 0
Tier-4 Licenses info 1

tastyfx media





Tap to see my walkthrough of the tastyfx mobile app.

About tastyfx

As part of the IG Group, under IG US Holdings LLC, tastyfx and its affiliates (including tastytrade and tastylive) were acquired by IG in 2021 for over $1 billion in cash and equity as part of the terms of the tastytrade deal. IG has since rebranded its U.S. forex operations under the tastyfx brand, while its futures-related activities in the U.S. remain under its affiliate tastytrade.

FAQs

Is tastyfx the same as IG?

Yes, tastyfx (previously IG US) is owned by IG Group and offers the same platform experience, account types, pricing, and regulatory licenses as the IG global brand. tastyfx is designed to specifically cater to the U.S. forex market; if you reside in the U.S. and you want to trade forex, tastyfx is IG’s answer for you. If you reside outside the U.S., you can open an account directly with IG (read our IG review to learn more about the broker's global offering).

Note: As with any broker, the products available to you will depend on your country of residence and the applicable brand entity that holds your account. To understand all the trading products available to you, consult with your broker.

As an IG client, what’s different about the tastyfx trading experience?

As of June 2024, the most significant difference between IG and tastyfx is the website experience. The website’s layout has been simplified and includes some exclusive content for tastyfx clients. Platform technology (for web, mobile, and desktop) at tastyfx will have the same look and feel as what’s available with IG, and account types, pricing structure, and regulatory backing all remain the same across IG and tastyfx.

It’s important to note that there are differences between tastyfx and IG’s global offering (just as there were prior to the rebranding of IG US). For example, CFDs are not offered by any U.S. forex brokers, which is still true under the tastyfx brand.

U.S. forex traders may also notice the absence of the full IG Academy at tastyfx. Traders can still access the IG Academy, but it requires navigating to IG’s UK or global websites. This could be a hurdle for beginner forex traders or those seeking more educational content, but shouldn’t be a deal breaker.

Is tastyfx trustworthy?

Yes, tastyfx is a highly trusted brand and an excellent choice for U.S. investors who want to trade forex. IG, tastyfx’s parent company, is publicly traded (LON:IGG) and holds more regulatory licenses than any other broker in our Trust Score database. For 2024, IG won our Annual Award for #1 Most Trusted broker.

2024 Review Methodology

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Read our Generative AI policy to learn more.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

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About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

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