tastyfx, the US-based brand of FX and CFD brokerage IG, rolled out a new Prime account targeting professional traders, offering 6% annual percentage yields on cash deposits through November alongside reduced trading costs for high-volume clients.

tastyfx Launches Prime Accounts for High-Volume Traders

The accounts require minimum deposits of $50,000 and monthly trading volumes of at least $10 million to qualify for the promotional interest rate, which runs through November 30. After the introductory period, the standard rate is 4% on the first $500,000 and 2% on amounts above that.

tastyfx, which rebranded from IG US last year, positions itself as America's fastest-growing FX broker based on three-year client asset growth reported to the Commodity Futures Trading Commission (CFTC). The company, formerly known as IG US, operates under IG North America alongside the tastytrade brokerage platform.

Moreover, the company posted record revenue of $50.9 million in the third quarter of fiscal year 2025, marking an increase of about 30 percent compared with the same period a year earlier.

Timing Coincides With Fed Policy Shift

The launch comes as the Federal Reserve (Fed) prepares for its September 17 meeting, where markets are pricing in more than 90% odds of the first interest rate cut this cycle. That shift could create more volatility in currency markets after what CEO Pete Mulmat described as a “quiet period” in the first half of 2025.

“FX markets saw a quiet period during the first half of the year as the Fed held rates when cuts were expected,” Mulmat said. “With more than a 90% chance of the Fed's first cut coming September 17th, tastyfx Prime is launching at a time where there could be great uncertainty for dollar-based exchange rates.”

A 6% rate on idle cash, although promotional, stands out against competitors that usually offer around 2 to 3%. Two years ago, XTB offered its clients up to 5% on cash deposits, though this was also a promotional rate. It is worth noting that IG’s parent company offered investors in its home market much more in May, 8.5%. The difference most likely stems from the gap between interest rates set by the Federal Reserve and the Bank of England.

Enhanced Trading Terms Target Active Clients

Beyond the promotional yield, Prime account holders get access to spreads up to 44% tighter than tastyfx’s standard rates, plus 15% cashback on spread costs. The company estimates a $500,000 deposit would generate $4,775 in interest income by November 30 if made today.

Prime clients also receive dedicated account managers for personalized support and strategy guidance. The accounts operate without additional commission charges on top of spread-based pricing.

tastyfx targets what it calls “sophisticated traders” who are drawn to forex markets amid ongoing interest rate volatility. The company operates as a retail foreign exchange dealer under CFTC regulation, with parent IG Group Holdings trading on the London Stock Exchange (LSE: IGG).