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ACY Securities vs LegacyFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is ACY Securities better than LegacyFX? In our analysis of 23 international regulators across 39 of the best forex brokers, ACY Securities is considered average-risk, with an overall Trust Score of 75 out of 99. LegacyFX is considered average-risk, with an overall Trust Score of 75 out of 99. Learn more about Trust Score.

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Overall RatingACY SecuritiesLegacyFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score757599
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ReviewACY Securities ReviewLegacyFX ReviewIG Review
RegulationACY SecuritiesLegacyFXIG
Trust Score757599
Year Founded201120121974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses012
Tier-3 Licenses101
Authorised in European UnionNoYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)ACY SecuritiesLegacyFXIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)ACY SecuritiesLegacyFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)ACY SecuritiesLegacyFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsACY SecuritiesLegacyFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)160042519537
Forex Pairs (Total)6241100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostACY SecuritiesLegacyFXIG
Average Spread EUR/USD - Standard1.2 (Sept 2021)00.86 (September 2022)
All-in Cost EUR/USD - Active0.85 (Sept 2021)00.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerNoNoYes
FundingACY SecuritiesLegacyFXIG
Minimum Initial Deposit$50$500£250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsACY SecuritiesLegacyFXIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsACY SecuritiesLegacyFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingACY SecuritiesLegacyFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarNoNoYes
ResearchACY SecuritiesLegacyFXIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoNoYes
AutochartistNoYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationACY SecuritiesLegacyFXIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoYesYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsACY SecuritiesLegacyFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewACY Securities ReviewLegacyFX ReviewIG Review
OverallACY SecuritiesLegacyFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score757599
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ReviewACY Securities ReviewLegacyFX ReviewIG Review
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ACY Securities vs LegacyFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare ACY Securities vs LegacyFX.

Does ACY Securities or LegacyFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is ACY Securities or LegacyFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both ACY Securities and LegacyFX hold 1 global Tier-1 licenses. LegacyFX holds 1 global Tier-2 licenses, while ACY Securities holds 0. In our analysis of 23 international regulators across 50 brokers, ACY Securities and LegacyFX earned the same Trust Score.

Which trading platform is better: ACY Securities or LegacyFX?

To compare the trading platforms of both ACY Securities and LegacyFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.ACY Securities and LegacyFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

ACY Securities provides traders 62 currency pairs (e.g., EUR/USD) compared to LegacyFX's 41 available pairs. Forex pairs aside, ACY Securities offers traders access to 1600 CFDs while LegacyFX has 425 available CFDs, a difference of 1175.

Can I trust ACY Securities?

ACY Securities is not publicly traded and does not operate a bank. ACY Securities is authorized by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). ACY Securities is authorised by the following tier-1 regulator: the Australian Securities & Investment Commission (ASIC).

Can I trust LegacyFX?

LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). LegacyFX is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Is ACY Securities good?

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.

Is LegacyFX good?

LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.

Overall winner: IG

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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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