Written by ForexBrokers.com
In this head to head comparison of ACY Securities vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ACY Securities and LegacyFX are both notable names in the online brokerage industry, with ACY Securities founded in 2011 and LegacyFX in 2012. Neither of the brokers is publicly traded or affiliated with a banking institution. Regulatory oversight is a crucial consideration for many traders, and both brokers hold one Tier-1 license, reflecting a significant level of regulatory trust. However, neither has acquired a Tier-2 license, which also denotes a solid trust level.
When it comes to trust ratings as assessed by ForexBrokers.com, ACY Securities garners a Trust Score of 75, placing it in the average risk category. On the other hand, LegacyFX has a Trust Score of 67, indicating a higher risk in comparison. Both brokers cater to traders seeking regulated services, but the scores suggest potential traders should consider the level of risk they are comfortable with when choosing between these two platforms.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Year Founded | 2011 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
ACY Securities and LegacyFX offer different approaches to commissions and fees, catering to diverse trader needs. ACY Securities provides three account types, enabling traders to choose between lower deposits with wider spreads or higher deposits with narrower spreads. Its Standard account, which requires just a $50 deposit, features wider spreads averaging 1.2 pips on EUR/USD, while its ProZero account offers spreads as low as 0.25 pips at a higher starting deposit of $200. The Bespoke account requires a $10,000 minimum deposit with a commission of $5 per round turn, while ProZero, starting at $6 per round turn, offers a special rate of $3 RT for Australian residents. ACY Securities earns a 4.5-star rating and ranks #21 out of 62 brokers on ForexBrokers.com for commissions and fees.
LegacyFX presents a different structure with its offerings, which depend on the chosen entity, either regulated by CySEC in the EU or based in Vanuatu internationally. EU residents have the choice between Silver, Gold, and Platinum accounts, with minimum deposits ranging from $500 to $25,000. While the Silver account exhibits higher spreads starting at 1.6 pips for EUR/USD, the costs drop as the account tier increases. International clients can access up to seven account types that also determine the level of additional client support and tools available. Unfortunately, LegacyFX does not provide average spread data, which can make evaluating true trading costs challenging.
When comparing the two brokers, ACY Securities holds an edge over LegacyFX with its lower commission rates and wider options for active traders. LegacyFX, however, offers more account types but with potentially higher trading costs, especially if clear spread information is required for informed decision-making. LegacyFX has a 3.5-star rating and ranks #56 out of 62 brokers on ForexBrokers.com for its commissions and fees.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.85 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When deciding between ACY Securities and LegacyFX for investment opportunities, consider the variety each broker offers. ACY Securities provides a significant selection with 2200 tradeable symbols, including 66 forex pairs. LegacyFX, in contrast, has 425 tradeable symbols and 44 forex pairs. While neither broker allows direct purchasing of U.S. or international stocks, both support forex trading through CFDs and offer cryptocurrency derivatives. Importantly, both platforms accommodate copy trading, a feature that can be attractive to those interested in copying the strategies of seasoned investors.
In terms of ratings and rankings, ACY Securities is slightly ahead with a 4-star rating for its range of investments and ranks 30th out of 62 brokers according to ForexBrokers.com. LegacyFX earns a 3.5-star rating, ranking 48th in the same list. This indicates that, while both brokers offer a similar set of features, ACY Securities might provide a broader range of options for prospective investors looking for diversified trading opportunities.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2200 | 425 |
| Forex Pairs (Total) | 66 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing ACY Securities and LegacyFX for their trading platforms and tools, both brokers offer essential features like free virtual demo accounts and the ability to trade directly from stock charts. However, ACY Securities stands out with its proprietary platform, offering traders a unique, in-house developed trading experience, which LegacyFX does not provide. Both brokers offer Windows-based desktop platforms and web-based options, ensuring flexibility for traders. While both also support copy trading, LegacyFX lags slightly behind as it does not offer MetaTrader 4 (MT4), unlike ACY Securities, though both do provide MetaTrader 5 (MT5).
In terms of charting capabilities, both brokers equip traders with 15 drawing tools, but ACY Securities edges ahead with additional technical indicators. The watch lists for both brokers allow up to seven columns, offering comprehensive monitoring options. For overall trading platforms and tools, ACY Securities achieves a slightly better rating with 4 stars compared to LegacyFX's 3.5 stars, and ranks higher at #41 versus LegacyFX's #59 out of 62 brokers by ForexBrokers.com. This suggests that while both brokers offer competitive tools, ACY Securities may provide traders a more comprehensive platform experience.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ACY Securities and LegacyFX both offer comprehensive mobile trading apps compatible with iPhone and Android devices. Traders can receive stock and forex price alerts on both platforms, allowing them to stay informed about market changes. However, neither app supports watchlist symbol syncing, meaning watchlists created in the mobile app do not automatically sync with the online account. Each app provides 30 technical studies for charting and supports drawing trendlines and viewing charts in different timeframes, such as daily, weekly, or intraday views. Drawings on charts are auto-saved on both apps, enhancing the user experience for those who frequently analyze market trends.
ACY Securities edges out LegacyFX in app ratings, scoring four stars compared to LegacyFX's 3.5-star rating. ForexBrokers.com ranks ACY Securities higher at #40, while LegacyFX stands at #60 out of 62 brokers reviewed for mobile trading apps. Both apps allow users to create watchlists with real-time quotes, making it easy for traders to customize their monitoring strategies. Overall, while both apps offer a range of useful features, ACY Securities holds a slight advantage in ease of use and overall user satisfaction.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing ACY Securities and LegacyFX for market research, both online brokers provide daily market commentary and an economic calendar to help traders stay informed about global news events. However, if you're looking for forex news from well-known sources like Bloomberg, Reuters, or Dow Jones, LegacyFX has the edge over ACY Securities as it offers this feature while ACY does not. Additionally, LegacyFX provides traders with technical analysis tools from Autochartist, whereas ACY Securities does not include tools from Autochartist or Trading Central.
Neither ACY Securities nor LegacyFX offers sentiment-based trading tools or research tools from Acuity Trading like Signal Centre. They also lack market research from TipRanks. In terms of research ratings, both brokers receive 3.5 stars out of five. According to ForexBrokers.com, ACY Securities holds a slightly better position, ranked #44 compared to LegacyFX's #45 out of 62 brokers in the Research category. This comparison highlights specific strengths of each platform, helping traders choose based on their research needs.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ACY Securities and LegacyFX both provide a variety of educational resources to support beginner traders on their journey to understanding forex and CFDs. Both brokers offer more than ten educational resources, including articles, videos, and archived webinars focused on forex and CFDs. They frequently hold online client webinars and maintain an accessible archive of these sessions for ongoing learning. Additionally, each platform offers more than ten beginner-friendly videos focused on basic trading concepts, making them suitable choices for those new to trading.
When it comes to advanced educational content and additional tools like an investor dictionary, LegacyFX takes the lead. They offer content specifically for experienced traders and a comprehensive glossary with over 50 investing terms. This added depth could make LegacyFX more appealing to traders seeking to expand their knowledge beyond the basics. Despite their differences, both brokers achieve a rating of 3.5 stars in education, with LegacyFX slightly outperforming ACY Securities in the rankings category.
| Feature |
ACY Securities
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that ACY Securities is better than LegacyFX. ACY Securities finished with an overall rank of #41, while LegacyFX finished with an overall rank of #62.
ACY Securities is a MetaTrader-only broker with a reasonable range of markets and a balanced account offering. The broker’s research and educational content, however, could be greatly improved upon.
| Feature |
ACY Securities
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 75 | 67 |
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ACY Securities and LegacyFX both do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives, allowing traders to engage in the digital currency market through financial instruments rather than owning the coins directly.
Comparing online brokers ACY Securities and LegacyFX, both offer multiple options for deposit and withdrawal including Skrill, Visa, Mastercard, and bank wires; however, ACY Securities also provides ACH and SEPA transfers which LegacyFX does not, and neither broker supports PayPal transactions.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | ACY Securities | LegacyFX | |
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| Trust Score | 75 | 67 | |
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| Review | ACY Securities Review | LegacyFX Review |
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| Regulation | ACY Securities | LegacyFX | |
|---|---|---|---|
| Trust Score | 75 | 67 | |
| Year Founded | 2011 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | ACY Securities | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | ACY Securities | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ACY Securities | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2200 | 425 | |
| Forex Pairs (Total) | 66 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | ACY Securities | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.85 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | ACY Securities | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | ACY Securities | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ACY Securities | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ACY Securities | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | ACY Securities | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | ACY Securities | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | ACY Securities | LegacyFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | ACY Securities Review | LegacyFX Review |
| Overall | ACY Securities | LegacyFX | |
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| Trust Score | 75 | 67 | |
| Winner | check_circle | ||
| Review | ACY Securities Review | LegacyFX Review |
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