FXOpenvs
tastytradeForex Broker Comparison
Two brokers compete on regulation, pricing, and platform design. FXOpen leans ECN with MT4/MT5 and cTrader, while tastytrade centers on a proprietary options focused platform and broader instrument coverage.
Who should choose FXOpen vs tastytrade?
Find out which broker best suits your trader profile.
Choose if…
Choose FXOpen if you want MT4/MT5 and cTrader access with raw spreads and a $3/lot ECN commission.
Choose if…
Choose tastytrade if you want a proprietary options focused platform with no PFOF and exchange routed execution.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FXOpen vs tastytrade: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.3/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5 | 4.5 / 5 |
FXOpen vs tastytrade Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs tastytrade: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
FXOpen
criteria wins
2
tastytrade
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | tastytrade |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Fail | Pass |
| Multilingual support | Pass | Fail |
FXOpen vs tastytrade: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and tastytrade rates 4.3/5. tastytrade has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen starts from 0 pips. Current spread data is not available for tastytrade. Check both brokers' websites for up-to-date pricing.
tastytrade has no minimum deposit, while FXOpen requires at least $100. This makes tastytrade more accessible for traders with limited starting capital.
Both FXOpen and tastytrade hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: tastytrade has no minimum deposit, removing the capital barrier entirely, and FXOpen provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
FXOpen lists maximum leverage of 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
tastytrade charges $1 per lot, lower than FXOpen's $3 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports cTrader, MetaTrader 4, MetaTrader 5, while tastytrade supports Proprietary Web/Mobile. FXOpen has exclusive access to cTrader and MetaTrader 4 and MetaTrader 5. tastytrade has exclusive access to Proprietary Web/Mobile.
