FOREX.com and tastyfx are widely considered to be two of the best forex trading platforms. But which one represents the right fit for your trading goals?
Our FOREX.com vs. tastyfx head-to-head review will explore everything from deposit minimums to the number of currency pairs each broker offers. Use these insights to make an informed decision and identify the right platform for your trading goals.
Overview of FOREX.com
Since FOREX.com was founded in 2001, it has developed a reputation as a transparent, rule-abiding broker. It operates as a market maker that offers various trading instruments, including Forex, indexes and commodities. It’s the go-to platform for many traders.
| Minimum Deposit | $100 |
| Currency Pairs | 80+ |
| Mobile App | Yes |
| Demo Account | Yes |
| Forex Fees | Average |
| CFD Fees | Average |
| Withdrawal Fee | $25 within the U.S. and $40 for international wires. There are no fees for withdrawals greater than $10,000 |
| Trading Platforms | MetaTrader 4, MetaTrader 5 and TradingView |
| Average Spreads | As low as 0.8 pips |
| Regulators | National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) |
>> Read our full FOREX.com review
Overview of tastyfx
tastyfx takes a fresh approach to trading. It offers low fees and a simple user interface, and the platform provides direct access to the forex market. While tastyfx may not have the long history that competitors like FOREX.com do, it offers a streamlined experience and has quickly become a popular alternative.
| Minimum Deposit | $100 |
| Currency Pairs | 80+ |
| Mobile App | Yes |
| Demo Account | Yes |
| Forex Fees | Average |
| CFD Fees | Average |
| Withdrawal Fee | $15 fee for bank wires |
| Trading Platforms | MT4, TradingView and ProRealTime |
| Average Spreads | As low as 0.2 pips |
| Regulators | National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) |
>> Read our full tastyfx review
FOREX.com and tastyfx feature numerous currency pairs and offer strong platforms to support your trades. Some differences could sway you toward one platform or the other, though. Here’s a look at how FOREX.com vs. tastyfx stack up in a few key areas:
Fees
Each broker has a unique fee schedule. Some charge membership fees and commissions, whereas others generate revenue primarily through pips.
FOREX.com: FOREX.com has average fees. Spreads start around 0.8 pips. The platform has a minimum deposit limit of $100 and $25 withdrawal fees, though withdrawals over $10,000 incur no fees.
tastyfx: tastyfx has ultralow forex fees. Spreads start as low as 0.2 pips. The platform has a minimum deposit limit of $100. tastyfx offers $15 withdrawal fees, which can be appealing if you plan to withdraw frequently from your account.
Winner: tastyfx
Promotions
Promotions can be a great incentive for attracting new traders to the platform. Here’s a look at how both of these brokers approach promos and deals.
FOREX.com: FOREX.com offers bonuses or promos for new traders. For new account openings by U.S. residents, you’ll get 5% cashback on the initial deposit, cash rebates, and 4% APY. They also offer active trader perks.
tastyfx: tastyfx currently offers an Active Trader Cash Bonus, where you can earn up to $10,000 in cash and up to 15% in cash back rebates. The platform primarily attracts users with its low fees and promise of more personalized trading experiences.
Winner: FOREX.com
Mobile App
Sitting down at your desk and cracking open your laptop provides the most immersive trading experience. However, there are times when you need to make deals on the go. That means you’ll need a broker with a great mobile app. Fortunately, both FOREX.com and tastyfx offer pretty solid mobile experiences.
FOREX.com: The FOREX.com mobile app offers a full suite of trading tools. You can explore charting and analysis capabilities, manage orders and more. It’s a reliable choice for traders who need a desktop-like experience on mobile.
tastyfx: The tastyfx mobile app doesn’t match the capabilities of FOREX.com. It delivers a simple and user-friendly experience that appeals to new and experienced traders alike. You’ll enjoy a clean, crisp user interface that makes finding the information you need easy.
Winner: FOREX.com
Accounts and Features
Before settling on a broker, it’s important to consider each platform’s features and account options. A simple, entry-level account may work for your current trading goals, but you could also outgrow it in a few years.
FOREX.com: FOREX.com allows for various account types, including standard and commission-based. You can find a plan that fits your trading style and volume. The platform also offers many great features to help you inform your decision-making and explore the market.
tastyfx: tastyfx only has a few account options and focuses on providing low-cost trading for everyone. The platform hasn’t been around very long and tastyfx will likely add new features and account options as it builds its user base.
Winner: FOREX.com
Ease of Use and Trading Platforms
Many brokers allow users to integrate their accounts with trading platforms like MetaTrader 4 and MetaTrader 5. Both brokers allow you to enhance your trading experience with app integrations.
FOREX.com: FOREX.com supports MT4, MT5, TradingView, Web and Mobile Trader. These integrations contribute to a highly flexible trading experience.
tastyfx: tastyfx supports integrations with several top platforms. You can link it to MT4, TradingView, ProRealTime, and Web and Mobile Trader. By offering a more straightforward integration process and the popular MT5, FOREX.com edges out tastyfx in the category.
Winner: FOREX.com
Customer Support
You need a broker who will step in and help if you experience a technical issue or concern. Here’s how they compare.
FOREX.com: FOREX.com has been around for decades and has built a strong support network. You’ll enjoy extended support hours via multiple phone, email and live chat channels. It has a solid reputation for resolving issues quickly.
tastyfx: tastyfx also offers extended support hours. It assists via live chat, email and phone support.
Winner: FOREX.com
Both brokers have their strengths. If you want a platform with a long-standing reputation and advanced tools, FOREX.com is a great option. If you prefer lower fees and a simpler interface, consider tastyfx. No matter which one you choose, you’ll get access to great support and financial instruments to support your trading journey.
Frequently Asked Questions
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Tastyfx is a good all-around broker that offers a simplified trading experience. The platform focuses on personalization and has numerous resources to help you explore a range of strategies.
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FOREX.com is a very trustworthy entity regulated by the National Futures Association. The platform was established in 2001 and has remained a reputable company since then.
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Yes, tastyfx accepts clients based in the United States. The popular brokerage platform prioritizes a tailored trading experience and primarily focuses on the U.S. market.
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FOREX.com charges commission on RAW Pricing accounts, but it does not take commissions from spread-only accounts. The commission rate for RAW Pricing accounts is $7 per $100,000 traded.
