Our verdict on tastyfx for US traders
tastyfx, LLC's $1 minimum deposit and commission-free Standard account make it an accessible entry point for new US forex traders.
Pros
- Minimum deposit of just $1
- Commission-free Standard account with 0.8 pip EUR/USD spread
- Claims to be the only US forex broker offering ProRealTime
Cons
- Funding limited to ACH and debit card
- Prime account requires $50,000 minimum deposit
- Customer support available only 24/5, not weekends
tastyfx score breakdown
3.5/5 · Good
Rated as part of IG Group under our eight-category methodology; the US entity's conditions are set out below.
The overall rating is based on review by our experts
How is our rating calculated?tastyfx in the United States
tastyfx, LLC is a CFTC-registered Retail Foreign Exchange Dealer and NFA Member (ID 0509630) that offers spot forex trading to US residents with a minimum deposit of just $1. You get access to over 85 currency pairs, the broker’s own platform, and a choice of commission-free or raw-spread accounts, all under the retail forex rules set by the CFTC and NFA.
| US legal entity | tastyfx, LLC |
|---|---|
| NFA ID | 0509630 |
| CFTC registration | Retail Foreign Exchange Dealer and Introducing Broker, both CFTC |
| NFA status | Forex Dealer Member, NFA Member Approved |
| Maximum leverage, major pairs | 50:1 |
| Maximum leverage, all other pairs | 20:1 |
| Broker margin rates | Tier 1 margin on its own table: EUR/USD 2 percent, USD/CAD 2 percent, AUD/USD 3 percent, USD/CHF 3 percent, GBP/USD 5 percent |
| Offsetting positions | Offsetting positions may not be carried and are closed first in, first out, under NFA Compliance Rule 2-43(b) |
| CFDs | No CFDs are available to US residents |
| Currency pairs | 85+ currency pairs |
| Funding methods | ACH bank transfer; debit card |
| Minimum deposit | US$1 |
| Commission basis | Zero+ charges USD 5 per standard lot per side, USD 10 the round turn. Standard and Prime charge no commission. |
| Evidence | Advertised by the broker. We publish no measurement of our own for this entity. |
Who tastyfx suits in the US
The published conditions suit a US trader who wants to start small, because the $1 minimum deposit removes any barrier to entry. The commission-free Standard account works for a buy-and-hold approach, while the Zero+ account with low advertised spreads and a $5 per-side commission fits active short-term trading. If you need CFDs or higher leverage, US regulation limits your options regardless of broker.
tastyfx spreads and commissions
What trading tastyfx costs
One standard lot of EUR/USD on tastyfx's raw account costs US$10.00 for the round turn: 0.00 pips of spread (US$0.00) plus US$10.00 commission, on the advertised spread rather than a figure we measured. One standard lot of EUR/USD on tastyfx's standard account costs US$8.00 for the round turn: 0.80 pips of spread (US$8.00), with no commission, on the advertised spread rather than a figure we measured.
| Account | A month of trading | One round turn, 1 lot |
|---|---|---|
| Raw spread plus commission0.00 pips, advertised, US$10.00 commission | US$200.00 | US$10.00 |
| One spread, no commission0.80 pips, advertised | US$160.00 | US$8.00 |
A pip on EUR/USD is US$10.00 per standard lot, so the cost of a round turn is the spread in pips times that, plus any commission.
The figures below are the broker’s advertised ones. The Standard account charges no commission and lists a minimum EUR/USD spread of 0.8 pips. The Zero+ account quotes spreads from 0.0 pips and adds a commission of $5 per side per standard lot. The Prime account, available with $50,000 initial funding and $10 million monthly notional, advertises a spread from 0.6 pips and no commission. All accounts are subject to overnight funding.
tastyfx trading platforms
A US account gives you the tastyfx proprietary platform, TradingView for charting, MetaTrader 4 and MetaTrader 5 for automated strategies, and ProRealTime. The broker states it is the only US forex broker to offer ProRealTime. A demo account is available if you want to test the platforms before funding.
| Trading Platform | Available With tastyfx |
|---|---|
| MetaTrader 4 | Yes |
| MetaTrader 5 | Yes |
| cTrader | No |
| TradingView | Yes |
| ProRealTime | Yes |
| Proprietary Platform | Yes |
tastyfx funding methods
You can deposit instantly via ACH bank transfer or debit card, and tastyfx charges no deposit fees. The minimum deposit needed to start trading is $1.
tastyfx regulation and NFA status
tastyfx, LLC is registered with the CFTC as a Retail Foreign Exchange Dealer and Introducing Broker and is a Forex Dealer Member of the NFA (ID 0509630). Under this framework, the broker must follow CFTC margin floors, including a 2% minimum on major pairs, and NFA Compliance Rule 2-43(b), which requires positions to close on a first-in, first-out basis and prohibits offsetting positions in the same pair.
| tastyfx Safety | Regulator |
|---|---|
| United States | CFTC registered retail foreign exchange dealer and introducing broker; National Futures Association Forex Dealer Member, NFA ID 0509630 |
What US traders cannot do at tastyfx
US residents cannot trade CFDs at tastyfx, as CFDs are not available to residents in the United States. Leverage is capped at 50:1 on major pairs (2% margin) and 20:1 on other pairs (5% margin), as set by the CFTC. NFA Compliance Rule 2-43(b) also means you cannot hold a long and a short in the same currency pair in one account; positions must offset oldest first.