tastyfx review

The minimum deposit is $0 and the inactivity fee is $0, so there is no charge for opening the account or for leaving it unused. Trading is priced as commission free, which puts the cost in the spread on each trade. Uninvested cash earns interest of 8%.

The accounts are held by IG US LLC, registered with NFA and CFTC in the US, and the NFA registration is listed as 0509630. Balances sit with the SIPC scheme, which pays out if the firm fails rather than if a trade goes wrong. The protection attaches to the entity, not to the trading platform.

Deposits are free and a wire withdrawal carries a fee, so entering the account costs nothing while taking money out by wire does. Because the minimum deposit is $0, a modest first transfer is enough to open the account and place a trade.

Trading runs on tastyfx platform, MT4 and MT5, so a choice of the tastyfx platform, MT4, MT5 and TradingView sits behind one login. A demo account and a mobile app are part of the offer, which means a new trader can practise before committing funds.

Account types are corporate and ira, which covers a corporate account and an IRA. A personal retail account does not appear in that set, so US individuals should confirm the account type on offer before funding.

Beginners are the stated audience, and the offer is built around a low starting cost: a minimum deposit of $0 and commission free pricing, with a demo account for practice. The trade off is that forex is the only market and retail leverage reaches 50:1.

tastyfx sits in US and is regulated there by NFA and CFTC, so the account is shaped for US residents. A reader in the UK or Europe is better served by a euro provider, and bunq lists a starting balance of €10.

Retail accounts can use leverage of 50:1, so a position can move further than the balance behind it. Across the brokers in this ranking, retail accounts that lose money sit at 72.13%, which is the risk to weigh before funding.