Tastyfx Review: Forex Broker & Trading Markets | Legit or a Scam

Score

1/5

Min Deposit

$50

Min Spread

Variable

Regulation

Not Regulated

Max Leverage

1:400

Positive Ratings

20%

Neutral Ratings

30%

Negative Ratings

49%

Company Summary

Aspect	Information
Registered Country/Area	Not Specified
Founded Year	2023
Company Name	Tastyfx
Regulation	Not regulated
Demo Account	Available
Minimum Deposit	$50
Maximum Leverage	1:400
Spreads	Variable
Trading Platforms	Tastyfx Mobile app and MetaTrader 4
Customer Support	FAQs, Emails, and Calls.

Introduction

Tastyfx is a dedicated forex broker. It is a nonregulated and nonregistered trading platform that increases risks. In this review, we will be discussing the key features of the platform. By the end, we will be able to determine whether tastyfx is a legitimate trading platform.

Tastyfx Overview

Tastyfx has recently gained a position in the financial market. This platform is dedicated to offering forex trading services to investors. The platform provides dedicated customer support, a user-friendly interface, and transparency.

However, the platform is not regulated or registered which questions its reliability.

Tastyfx offers traders its trading platform and MetaTrader 4 enhances the trading experience. Tardaer can get access to advanced trading tools that are perfect for trades with different trading goals. The platform does offer transparency in its pricing structure making it easier for traders.

Trading Instruments by tastyfx

Tastyfx is a single-asset trading platform. It offers trading in forex currency pairs. This makes it a limited platform for traders who want to diversify their portfolios. However, for a forex trader, this is a great option. There are no distractions of other assets.

Tastyfx offers over 80 currency pairs for traders including minor, major, and exotic. Forex traders get access to top trading tools that help in their trading journey.

Withdrawals and Deposit options Available at Tastyfx

Tastyfx lacks information about the transactions. There is no information about the payment methods used on the platform. this makes it difficult for traders.

Also, the platform has no information about the minimum withdrawal and deposit amounts. This makes it inconvenient for traders.

Account Types

Tastyfx offers a live account and a demo account for the traders. There are no multiple account types that you have to choose from. A single account type makes it easier for traders with different experience levels to get premium features like experienced traders. the platform offers traders tight spreads, margins, and forex rebates.

Apart from this, the platform offers demo accounts. These accounts are created for beginners to practise without real funds. They get access to virtual funds and real-time markets to learn the trading process and features of the platform. If you want to trade with regulated forex brokers, you can check out SmartSTP, Capitalix and TradeEU Global.

Security and Regulations

Security and regulations are the most crucial part of any trading platform. Regulated platforms are known to provide platforms with strict security measures.

However, tastyfx does not compile with these. The platform is not regulated by any financial authority. it is also not registered under any organization to look after it.

This lack of regulation makes sit a risky platform to invest in. This lack involves more risk to the client data and funds.

Overall, the platform is not reliable when it comes to the security and safety of client data.

Fees and Commissions

Fees and commissions have a direct impact on your trading process and the profits you make. With tastyfx, you get clear fees and commission information, making it smooth.

Spreads

The platform offers variable spreads starting from 0.8 pips. The spreads fluctuate depending on the market.

Commissions

The platform does incur charges during transactions. This depends on the type of payment method. There is no specific information about the commissions.

Overnight Fees (Swaps)

Tastyfx charges swap fees from the traders. The overnight charges are small regarding your holding. However, this eliminates the Muslim traders who trade according to Shariah law.

Inactivity Fees

The platform may charge inactivity fees for accounts after a certain time. Again, there is no information available about the fees.

Customer Support

At tastyfx, traders get access to reliable and responsive customer support. The platform offers separate emails and numbers for new and existing users. this increases the efficiency of communication and reduces the response time.

Email Support for new users is newaccounts.us@tastyfx.com and for existing users is helpdesk.us@tastyfx.com.

Phone Support for new users by (312) 981-0499 and existing users by helpdesk.us@tastyfx.com.

Apart from these, the platform also offers FAQs and help centres that help traders resolve their queries instantly. FAQs make it easier for traders to understand common trading issues and improve their trading process.

The platform also offers resources for learning. The traders get an opportunity to learn what Forex trading is for better results.

Is Tastyfx a Scam?

This question is a well-concerned query by anyone who invests in tastyfx. The platform does not have any security or clear information about the transactions. This makes it a risky option to trade.

The platform lacks regulations that make it difficult to trust. This increases the chance of fraud, where you can easily lose your hard-earned money.

Conclusion

Tastyfx presents itself as a versatile Forex broker with a lack of regulatory oversight. This is a major concern that potential clients should seriously consider. While the platform offers competitive spreads and a variety of customer support, the risks associated with trading with an unregulated broker should not be underestimated.

Lastly, the platform does seem a scam, so stay away and protect yourself.

Dedicated Customer Support
Transparent Pricing Details
Offers Demo Accounts

Lack of Information about the Deposits and Withdrawals
Non Regulated Platform
Limited Trading Assets

FAQs

Is Tastyfx regulated?

No, tastyfx is not regulated by any financial body which makes it risky and unreliable.

What trading instruments does Tastyfx offer?

Tastyfx offers to trade in Forex currency pairs.

How do I deposit funds into my Tastyfx account?

There is no information about the types of payment methods at Tastyfx.

Are there any withdrawal fees with Tastyfx?

Tastyfx may charge withdrawal fees, for multiple withdrawals or withdrawals below a certain amount.

What account types does Tastyfx offer?

The platform offers a single type of live account for traders. it also offers demo accounts for traders to practise.

What are the fees and commissions at Tastyfx?

Tastyfx charges variable spreads, potential commissions on certain accounts, swap fees for overnight positions, and possible inactivity fees.

Is there a demo account available?

Yes, there are demo accounts available on the platform. They let you practise before investing real money.

How reliable is Tastyfx’s customer support?

The platform offers FAQs, emails, and chats for customer support services.

Should I trade with Tastyfx?

Tastyfx is a non-regulated trading platform that imposes risks. So, it is advised not to invest in tastyfx.

Trusted Score

4.3/5

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4.3/5

Trusted Score

4.1/5

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4.1/5

Trusted Score

4.2/5

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4.2/5

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4/5

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4/5

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4.5/5

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4.5/5

Trusted Score

4.8/5

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4.8/5