Worked example
Practising on tastyfx's numbers
This is an exercise sheet, not a review. We are going to take three things that tastyfx publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
The spread is the gap between the price you can buy at and the price you can sell at, and you pay it the instant you enter. tastyfx publishes 0.8 pips on EUR/USD. On its own that number means nothing. Here is how it becomes money.
A 1.0-lot EUR/USD round turn here costs about $8.00 in spread at $10 a pip — before any commission.
Now do it without us
Take the spread of any other firm on the practice index, run the same four steps, and write both figures down — per lot and per micro. When you can do that in your head you have stopped shopping on marketing copy and started shopping on cost. The pip value calculator will check your working on pairs where the pip is not a flat ten dollars.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. tastyfx offers 2 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- StandardThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- Zero+A higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Standard, Zero+. Platforms listed: tastyfx web platform, MT4, MT5, Mobile apps.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are tastyfx's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CFTC / NFA · United States | tastyfx, LLC (formerly IG US LLC) | NFA ID 0509630 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
1 of these line is top-tier — held by tastyfx, LLC (formerly IG US LLC). If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing.
The record behind these numbers
- A lesson hiding in the small print: tastyfx offers forex only; US retail forex leverage is capped by CFTC rules at 50:1 on major pairs.
- Read this slowly: tastyfx publishes a minimum EUR/USD spread of 0.8 pips and a minimum margin requirement of 2% on that pair.
- Something to understand before you open anything: tastytrade's support pages state there is no minimum deposit to open and maintain a tastyfx account, though funds must cover margin requirements.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: The precise founding year of tastyfx's US entity cannot be confirmed from publicly available records.; Details on tastyfx's segregated funds treatment, which refers to how client money is kept separate from the broker's own (and is different for US retail forex versus futures customer funds), are not publicly verifiable.; Whether tastyfx offers negative balance protection—a feature that prevents a trader's account balance from falling below zero—is not publicly confirmed.; Information about tastyfx's founding year is not available for independent verification in public sources.. Confidence in this file overall: high. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.