Our Take

Any forex trader, from a novice to a highly experienced intraday scalper, will find something to like about tastyfx. Trade executions are good, the tools are powerful, and the spreads are better than most. What truly sets this forex dealer apart, however, is ✤the simplicity of its platform design and it꧋s well-crafted ease of use. 

Most traders can go from clicking on “Create Live Account” to making their first live trade in under 10 minutes. The platform is a pleasure to work with every step of the way. You can make trades as small as 0.01 lots or as large as 1000 澳洲幸运5官方开奖结果体彩网:standard lots and not notice any difference in executi🍃on speed. This is a good thing because if you trade frequently, you can even get re๊bates on the amount you have spent on the spreads.

Pros & Cons

Pros Explained 

• Easy to set up and use: New traders will find they can set up a new account, fund it, and start trading in less than 10 minutes. The web-based platform is remarkably intuitive while still offering impressive charting tools, news, and analytics.
• Great reputation and regulatory track record: tastyfx is a registered 澳洲幸运5官方开奖结果体彩网:retail f🌊oreign exchange dealer (RFED) with the 澳洲幸运5官方开奖结果体彩网:Commodity Futures Trading 🔴Commission (C🤪FTC) and is a member of the 澳洲幸运5官方开奖结果体彩网:National Futures Association (NFA). The firm is well-regarded and has no history of legal or regulatory entanglement.
• Rebates for high-volume traders: Traders who generate significant transaction costs on a monthly basis qualify for a rebate. This can be anywhere from 5% to 15% of the spread cost. The bigger the volume of trades, the larger the rebate. As an example, if a trader executes over 500 standard lots worth of trading in a single month, it could be enough to earn a $250 rebate. 
• Rapid market execution: tastyfx acts as a forex dealer, which means it is a counterparty to every customer’s trade. This makes for a rapid execution of orders, some executed as quickly as 17 milliseconds.
  
• Phone support: It is rare nowadays to receive phone support from a forex dealer, but during business hours, you can speak with tastyfx's knowledgeable staff, who will help address your issues. Chat and email support are also strong, thanks to IG's legacy of excellent customer service.

Cons Explained 

• Limited copy trading: Being able to follow successful forex traders through copy trading is a popular feature of modern trading platforms. However, tastyfx only allows for its designated signal providers, Autochartist and Signal Centre, to have its suggested trades copied.
• Chat help can be slow: Outside of normal business hours, the online chat may require patience. It can take several minutes before you strike up a conversation with a dedicated customer support representative.
• Overnight interest charge explanations needed: Forex positions carried overnight are subject to interest charges (or credits) that differ depending on the currency pairs involved in the trade. Traders who want to understand the impact of holding a position beyond the trading day (5 p.m. Eastern Time) may find that it takes a bit of sleuthing to put the information together. 

Introduction

tastyfx offers traders of all levels a great way to leverage insight, skill, and education on a well-designed platform that features zero commissions and provides low spreads. The company offers multiple trading platforms, including web and mobile apps, and is known for its award-winning services and customer support.

The company has an impressive pedigree. In June 2021, IG Group acquired tastytrade, the company behind 澳洲幸运5官方开奖结果体彩网:the world-ren🔥owned options trading platform, in a cash and stock deal worth $1 billion. It's only natural that tastyfꦿx, born to replace IG US, has its headquarters in Chicago. The rebranding of IG US into tastyfx was completed in June 2024, with features and functionality added at a rapid pace thereafter.

The company is regulated by both the CFTC and NFA in the United States, and its sister companies hold additional r🥂egulatory statuses with ASIC, BaFi♌n, DFSA, FCA, FINMA, FMA, JFSA, and MAS. It employs around 2,500 people and serves a diverse range of clients globally.

Usability

The tastyfx platform has the hallmarks of a well-refined mechanism: simplicity, efficiency of design, and an intuitive layout. The installation requires the necessary identification, but the procedure isn’⛦t too bogged down by data handling.

New users will quickly find their way around the platform by just trying it out one piece at a time. There are many chart o♛ptions and available tools, yet at no point does their presence overwhelm. 

Trade Experience

The web-based platform offers easily customizable watchlists, charting tools, news sources, and sorted lists of tradable pairs. The charts are simple and clean, and their functionality is easy to anticipate. Trades can be made either on a trade ticketꦛ dialog or by a single click on the chart. 

The default layout anticipates the nee🐠d for both stop-loss and profit-tar💜get orders, encouraging traders in a good habit of defining expected outcomes. The platform graphics operate smoothly without lag, suggesting a thin-client implementation. For the most experienced and demanding traders, however, there are additional options.

Desktop Trade Experience

For those familiar with the ubiquitous MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, tastyfx has a version available for its customers. The downloadable app is built on MT4 and offers vanilla functionality of the platform. Both demo and live accounts can be tr⛄aded.

However, tastyfx offers a more powerful option. It is the first and only forex broker in the U.S. to offer access to the ProRealTime platform for forex trading. Made for active traders and scalpers, the platform provides a wide variety of indicators, customizable studies, programmable trading tools, and more. The platform costs $40 per month, but the fee is waived if a trader makes enough trades.

Mobile Trade Experience

The mobile platform ไis a slimmed-down version of the web-based interface. It is less customizable but still offers strong functionality and intuitive ᩚᩚᩚᩚᩚᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ⁤⁤⁤⁤ᩚ𒀱ᩚᩚᩚhandling. The app works smoothly. There are no hiccups when traders go from the web-based platform to the mobile app, even if they are both running simultaneously.

Regulation and Security 

Even though tastyfx's web accounts and mobile apps are easy to work with and can be set up in minutes, they don’t skimp on security. Username and password management is a smooth and simple implementation of the 256-bit SSL (Secure Sockets Layer) encryption used throughout the platform. Two-factor authentication is available as an option, but it is not forced on users.

tastyfx is well regulated and its parent company, IG, has a long track record of governmental compliance. While it is true that tastyfx is not a registered broker-dealer with the Securities and Exchange Commission (SEC), nor is it a member of the Financial Industry Regulatory ꧃Authority (FINRA), it is also not an NFA-registered introducing broker or a member of the Securities Investor Protection Corporation (SIPC). 

That’s because tastyfx is a forex dealer. As such, it is a registered retail foreign exchange dealer (RFED) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). These organizations regulate forex dealers that function as a counterparty to all customer trades and require that they publish a variety of disclosures. Neither IG nor tastyfx has any event of noncomp🍌liance. 

Range of Offerings

Over 80 pairs are available to trade through tastyfx including all majors and pairs categorized as follows:

Spreads vary according to demand and price fluctuations.

Order Types

Tastyfx offers the following order types.

• 澳洲幸运5官方开奖结果体彩网:Market: Order designed for quickest execution. This trade request will be executed at the next available offer or bid.
• 澳洲幸运5官方开奖结果体彩网:Limit: Order designed to ensure the entry price will be at or better than specified by the trader. This order prioritizes preferred price over speed. 
• 澳洲幸运5官方开奖结果体彩网:Stop: Trigger order designed to activate a market order once a given price point has been crossed. The trigger is a predetermined price and once it is traded, the specified buy or sell order is released as a market order.
• 澳洲幸运5官方开奖结果体彩网:Trailing stop: This variation of the stop order allows traders to specify an automatically adjusting order. While it can be used for either entry or exit, it is typically thought of as an exit strategy. The initial trigger price is established in the same way as with a stop order, but it is automatically adjusted to a more favorable price if the position increases its profitability.

Each of these order types can also be modified with “if/then” conditions. These are exit orders automatically established at the time of entry. The two types of if/then orders are 澳洲幸运5官方开奖结果体彩网:take-profit and 澳洲幸运5官方开奖结果体彩网:stop-loss, either or both of which can be established at the time the entry order is placed. These can work to accomplish the same functionality as a pair of 澳洲幸运5官方开奖结果体彩网:one-cancels-other (OCO) orders.

Trading Technology

At its heart, tastyfx is a technology company. Its primary goal is to improve the forex trading experience with the use of a world-class software platform. This philosophy results in a platform that is both advanced an🍸d easy to use, making it one of the best on the market.

One small detail that may go unnoticed by most traders is the way tastyfx attempts to offer users the best possible pricing on trade entries and exits.

Its order management system us♔es a ♌behind-the-scenes symmetrical tolerance level for every newly placed order. It is set at a certain distance on either side of the requested price at the moment a trader is about to enter a trade with a limit order. If the market stays within this range by the time the system receives the order, it will be executed as requested. 

Should the price move outside this range, the system does one of two thi൩ngs:

• If the market quotes a better price than specified, price improvement technology will kick in.
• If the price moves beyond the tolerance in the opposite direction, the tastyfx system will reject the order and ask the trader to resubmit at the current level.

It’s a subtle bit of code that operates tirelessly on behalf of traders. It is just one of the many examples of how the platform ꦦconstantly tries to improve the trading𝓰 experience.

Costs 

The costs associated with making and holding forex trades are an important consideration. tastyfx works to keep 澳洲幸运5官方开奖结果体彩网:transaction costs down. The company strives to be transparent about how spread amounts may change depending on the currency pair and the market conditions. The following overview provides information on some of the costs involved. A more comprehensive guide can be found in the company’s Costs and Charges document.  

Costs Overview

Account and Research Amenities

The tastyfx platform has been engineered first and foremost for simplicity and ease of use. Whil𒈔e experienced traders may find MT4 and ProRealTime more suitable for high-frequency trading, the tastyfx platform still has many resources available.

Forex Screener

The web-based and mobile platforms categorize the 80+ tradable currency pairs in ways that make it easy to select based on which type of pair you are looking for. The platform also provides trading signals generated on those pairs by the Autochartist and Signal Centre trading services. 

Tools and Calculators 

After a trader makes at least 10 trades on the platform, tastyfx begins to offer an impressive analytics suite to help improve trading. The Trade Analytics tool provides statistics such as win rate, average profit/loss, P/L ratio, and return rate. It also helps you see which are your best and worst trading pairs based on your recent activity. 

Charting

The tastyfx platform charts are much more powerful than a casual observer might at first realize. Thirty of the most commonly used 澳洲幸运5官方开奖结果体彩网:technical indicators are available on a chart that𒉰 can be subdivided into four different timeframes.

Twenty different drawing toolsꦕ are available for making notations. The chart window can also display news and even client sentiment—a measure of how fellow tastyfx traders have positioned themselves.

News

The 澳洲幸运5官方开奖结果体彩网:news feed on tastyfx is an excellent source of the latest market information. It includes headlines and data from Thompson Reuters news services at a rate of around 10 news items per minute. The platform uses sorting menus so you can quickly whittle this ওflow down to the items most relevant to you.

T🐷he platform also features an economic calendar with sorting tools to help traders st🌊ay on top of market-moving events. You can sort them by level of importance, country of origin, and type of event.

Research

Autochartist and Signal𓄧 Centre are signal providers whose output is inte꧟grated into tastyfx’s web and mobile platforms. These signals come complete with entry and exit levels and can even be copied into the trading ticket window. 

The signals are technical in nature and most often triggered by price breaking through a support or a resistance level. However, other factors such as price patterns, 澳洲幸运5官方开奖结果体彩网:Fibonacci retracement, and extension levels may also generate signals. If the signal generation service is less than 100% confident in a signal, it provides a confidence level, helping you identify which signals are th𓆉e best candidates to focus on.

Social and Copy Trading Capabilities

Strictly speaking, copy trading is limited to integrated signal generators. The web-based and mobile platforms don’t have direct output to social media platforms either. The platform does provide a curated X (formerly Twi♏tter) feed for posts from trusted sources, but it is not customizable.

Funding Methods

You can deposit funds into your tastyfx account via debit card or ACH transfer using Plaid services. Traders can also send money by wire, though your bank may charge fees for this option. 

Portfolio Analysis

Traders 🀅on tastyfx aren’t usually analyzing their holdings at a portfolio level, though the platform does provide useful statistics for tracking margin, risk, and current balances. Reviewing the platform’s Trade Analytics tool is pr♍obably the most similar thing to analyzing a portfolio in the trader world. 

Traders know it’s crucial to understand their trading ꦛoutcomes and to approach trading in a procedural way. That’s why the platform’s trade analytics are such a valuable resource for monitoring trading activities and tracking win rates and profit ratios compared to expected outcomes. This helps you realize just how viable it is to expect your trading to remain profitable. 

Education

While the rebranding of IG US into tastyfx was completed in June 2024, tastyfx’s educational resources are still being built out. Currently. tastyfx has established a YouTube channel where it regularly posts new instructional material. The company has assureꦺd its customers that many more improvements in this area are on💞 the way.

Customer Service

tastyfx is built on IG Group’s legacy of providing excellent customer service. Its support teams are available to take calls from Saturday at 3 a.m. through the following Friday at 5 p.m. The teams also respond to emails within 24 hours. tastyfx is highly rated for its staff’s prompt and knowledgeable customer service. Their website's FAQs and support pages are also well-organized and informative, providing easy access to important information.

Transparency 

tastyfx works hard to stay compliant with regulators and to mainta💧in transparency with its clients. The costs and charges document, as well as the FDM disclosures, are easily accessible through the help ꦰpages of the website.

Additionally, the current audited financial statement, net capital summary, daily customer liability information, and other important financial and operational information are all available on the same pages as the FDM disclosures and risk warning. 

Available Account Types

All tastyfx accounts are margin accounts to allow for the leverage generally required to trade in forex. The only♍ other available account type offered is a demo account. Demo accounts can be requested for tastyfx’s web/mobile platform, for the MetaTrader implementation, or both.

The Bottom Line

Forex brokers have been investing considerable time and resources to make the trading experience more straightforward and user-friendly. Among many strong offerings currently on the market, tastyfx and its parent company, IG, still manage to stand out, due to their technological expertise and relentless focus on improving c♎lient experience.

Unsurprisingly, tastyfx is rated as the top forex broker for U.S. customers and has received strong praise and r🥂ecognition for its excellent customer experience and support. The company is only getting started under its new brand, and it is exciting to see it continue to build on its legacy. 

Compare tastyfx to Similar Forex Brokers

How We Chose the Best Brokers for Forex Trading

Our commitment to pro🎉viding unbiased, comprehensive reviews of forex brokers is rooted in extensive research and expert analysis. We evaluated 18 forex brokers based on rigorous criteria, focusing on key aspects such as regulatory oversight, costs, trading experience, and available offerings. Our method♛ology ensures that our recommendations are based on reliable data and a thorough understanding of the industry.

To gather data, we sent a questionnaire to each of the 18 brokers, covering multiple areas critical to a forex trader's experience. Our researchers and editors verified the responses and supplemented the data with additional online research and direct communication with each broker. This research was conducted between May 13 and July 30, 2024, ensuring that our evaluations reflect current information.

O🦹ur proprietary scoring model evaluated each broker across 11 major categories and 73 weighted criteria, plus an additional 15 non-weighted criteria. The overall ratings are a weighted average of the weight𒁃ed criteria, ensuring a balanced and fair assessment.

Some brokers also demonstrated their platforms live via videoconferencing, and our experts conducted hands-on testing with live accounts to further validate the platforms' functionality and user experience. This comprehensive approach allows us to present an unbiased, detailed review of today's best forex brokers.

For more information, read our full 澳洲幸运5官方开奖结果体彩网:methodology explanation.