Two brokers pit different trader priorities against each other. tastytrade emphasizes options and US regulation, while TPFx targets Indonesian traders with local compliance.
Find out which broker best suits your trader profile.
Choose if…
Choose tastytrade if you seek top-tier regulation and an options-focused platform.
Choose if…
Choose TPFx if you are an Indonesian resident seeking MT5 access and local regulatory compliance.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 3.7 / 5 |
Pros
Options commissions capped at $10/leg, major cost advantage for traders who size up
$0 to open options trades; $1/contract to close
Platform built natively for options: IVR, Greeks, curve tool, and multi-leg management all first-class
Futures and futures options on the same account as equity derivatives
No PFOF on options, exchange-routed for best execution
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | tastytrade | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Fail | Pass |
| Proprietary platform | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Fail | Fail |
tastytrade rates 4.3/5 versus 3.7/5 for TPFx. tastytrade edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
TPFx starts from 1.5 pips. Current spread data is not available for tastytrade. Check both brokers' websites for up-to-date pricing.
tastytrade has no minimum deposit, while TPFx requires at least $60. This makes tastytrade more accessible for traders with limited starting capital.
tastytrade holds top-tier regulation (CFTC, NFA), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, tastytrade has no minimum deposit, removing the capital barrier entirely. Both brokers otherwise share similar beginner-facing criteria in our data. Also compare demo account availability and educational resources on each brokers's site.
TPFx lists maximum leverage of 100:1. 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 on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
tastytrade supports Proprietary Web/Mobile, while TPFx supports Proprietary Web/Mobile, MetaTrader 5. Both provide Proprietary Web/Mobile. TPFx has exclusive access to MetaTrader 5.
TPFx offers spreads from 1.50 pips.
tastytrade wins for safety with top-tier regulators and investor compensation scheme coverage.
tastytrade wins for active traders with an options-centric platform and multi-leg management.
TPFx is better suited for scalpers: raw/ECN spreads available.
TPFx wins for platform choice with MT5 availability alongside its proprietary platform.
TPFx wins for beginners with 24/5 live chat and phone support.
tastytrade wins for instrument variety with 10000 instruments.
Fees & Spreads 30% weight | 4.8 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 4.7 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
|---|
| Founded | 2017 | 2010 |
|---|
| Headquarters | Chicago, Illinois, United States | Jakarta, Indonesia |
|---|
| Min Deposit | No minimum▼ lower | $60 |
|---|
| Spreads From | N/A | 1.5 pips |
|---|
| Commission / lot | $1/lot | N/A |
|---|
| N/A | N/A |
| Max Leverage | N/A | 100:1 |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferWire transferACH | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferWire transferACH | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | CFTC NFA | BAPPEBTI OJK |
|---|
| Platforms | Proprietary Web/Mobile | Proprietary Web/Mobile MetaTrader 5 |
|---|
| Active bonuses |
|---|
Part of IG Group (LSE-listed), institutional governance and financial stability
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Investor compensation scheme coverage
No deposit fees
No inactivity fee
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
Pros
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
US-only, no international accounts
Options-first interface has a steep learning curve for equity-focused traders
No live chat support, phone and email only
Minimal fundamental research tools; no stock screener or analyst reports
Mobile app less appropriate for entering complex multi-leg strategies than the desktop platform
No negative balance protection
No raw spread account option
No MetaTrader support
Support available in limited languages
Cons
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
tastytrade leads on editorial score and regulatory strength, backed by a platform built for options. TPFx remains competitive for Indonesian traders but is restricted to Indonesia with a narrower product range.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker