Is tastyfx a scam?

No. tastyfx is not a scam. We rate it Neutral 7.4 out of 10, the highest Neutral
score on this site and one tenth below our Trusted band.

It is IG's American business. IG Group completed its acquisition of tastytrade on
28 June 2021 and rebranded its US foreign exchange arm, then IG US, to tastyfx on 24 June 2024. The
parent is IG Group Holdings plc, listed in London. We rate IG itself 8.3 and Trusted.

It is properly registered. tastyfx LLC holds the Retail Foreign Exchange Dealer
registration with the CFTC and is an NFA member. Only four firms in the United States hold that
registration, which is what allows a firm to be your counterparty in retail forex.

Its capital position is the strongest of those four. The CFTC's own filing as at
31 July 2026 shows tastyfx holding $67,394,162 of adjusted net capital against a $21,997,522
requirement, a cushion of about 3.06 times. The comparable figures are about 2.79 for GAIN Capital,
1.24 for OANDA and 1.21 for Trading.com Markets.

So why not Trusted? Two reasons, and the first is not about tastyfx at all.

In the United States retail forex funds are not segregated and there is
no compensation scheme. NFA rules go further and forbid a dealer from telling you
your money is segregated or protected in bankruptcy. A UK client of IG has FSCS cover up to 85,000
pounds. A US client of tastyfx has neither, and that is the regime rather than the firm.

Second, we could not read tastyfx's NFA BASIC record directly, because BASIC's search would not
return results for us. A targeted search of the CFTC and NFA websites found no enforcement action or
reparations case against tastyfx LLC or its former name IG US LLC, but a search is not a register
reading and we score it as what it is.

The full evidence is in our tastyfx review.