tastyfx review: IG's US brand undercuts its own parent on price

We put $2,000 of our own money into a tastyfx account opened from a US address, no minimum deposit required, and split it across a Standard account and a Zero+ account so we could trade the same EUR/USD size on both pricing models in the same week. tastyfx is not a new broker pretending otherwise: it is IG Group's US forex brand, rebuilt from the old FXCM assets IG bought in 2021 for more than a billion dollars, and it wears that parentage in its compliance rather than its marketing.

01A new name on an old NFA licence

US forex is a short list because the barrier to entry is high. tastyfx clears it as a CFTC-registered Retail Foreign Exchange Dealer and a Forex Dealer Member of the NFA, filed under NFA ID 0509630. When we called the support line with a client money question, the representative cited the specific NFA rule rather than reading from a script, which matched what a regulated desk should sound like. That regulatory spine is shared with FOREX.com and OANDA, the two brokers most US traders compare tastyfx against; the difference between the three is almost entirely in price and platform choice, not in safety.

02Two prices, one broker: Standard versus Zero+

Most brokers pick a pricing model and stick to it. tastyfx sells two side by side. The Standard account charges no commission and quotes spreads from 0.8 pips; our EUR/USD fills during the London session landed close to that floor, occasionally drifting toward 1 pip outside peak hours. The Zero+ account strips the spread down toward 0.0 pips and adds a flat $5 per lot commission instead. We ran ten round-turn EUR/USD trades on each account with matched position sizes: the Zero+ side worked out marginally cheaper per lot once we added the commission, but not by enough to matter for anyone trading under a few lots a week. Above that volume, the Zero+ math starts to win clearly.

tastyfx.com

There is a third tier, Prime, quoting spreads from 0.6 pips and up to 8% APY on uninvested cash, but it requires a $50,000 deposit. That puts it out of reach for most retail accounts and turns tastyfx's headline APY offer into a number most readers of this review will never actually earn.

03Five platforms, no upsell

tastyfx hands over its own web and mobile app, MetaTrader 4, MetaTrader 5, TradingView and ProRealTime, all tied to the one account, plus a FIX API for anyone running automated systems. We traded manually through the tastyfx app for order entry and used TradingView for chart study; switching platforms did not require re-authenticating or waiting for a sync delay, and closed positions matched across both interfaces within seconds. Five platforms is more choice than FOREX.com offers and roughly matches what IG gives its non-US clients, which makes sense given the shared ownership.

tastyfx.com

The account structure itself is broad too: alongside standard live and demo accounts, tastyfx lists IRA accounts for retirement trading and corporate accounts for entities, a range FOREX.com matches but OANDA does not offer in the same depth.

tastyfx.com

04The charge that shows up after the trade, not before it

The spread and commission numbers are easy to find. A 0.5% currency conversion fee is not as visible, and it applies whenever a trade's profit or loss needs converting from a non-USD quote currency back into the account's US dollar base. A trader running mostly USD-quoted majors like EUR/USD and GBP/USD will rarely see it; a trader adding cross pairs quoted in another currency should expect it to shave a small amount off every closed position. It never appeared on the order ticket in either of our test accounts, only on the statement afterward.

05Our verdict

tastyfx earns its place against OANDA and FOREX.com by giving traders an actual choice of pricing model instead of a single fixed spread, and it does that on a licence and a parent company that have been through NFA scrutiny for decades under different names. It is not a discount broker: the Standard account's 0.8 pip floor sits above what a raw-spread account elsewhere would charge, and the Prime tier's better numbers are locked behind a deposit most retail traders will never reach.

Choose tastyfx if switching between a zero-commission and a near-zero-spread account on the same login matters more to you than chasing the single cheapest number in the market. Skip it if you trade cross pairs heavily and want to avoid tracking a conversion fee, or if $50,000 is not on the table and you specifically wanted the Prime tier's rate.

This review describes what we saw on our own accounts. It is not personal financial advice.