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 distinct approaches in their commissions and fees, appealing to different trader profiles. ACY Securities provides versatility with three account types, each featuring varying minimum deposits, spreads, and commissions. The Standard account, with no commission and a $50 minimum deposit, has wider spreads averaging 1.2 pips for the EUR/USD pair. Their commission-based accounts, ProZero and Bespoke, offer tighter spreads starting at 0.25 pips but with higher deposit requirements of $200 and $10,000, respectively. Australian residents benefit from reduced commissions, bringing the ProZero account's effective costs even closer to top industry rates. ACY Securities boasts a competitive edge, rated 4.5 stars for commissions and fees, ranking 21st out of 63 brokers on ForexBrokers.com.
LegacyFX's fee structure varies significantly based on its regulatory entity, with different account types available for clients. EU clients can choose between Silver, Gold, and Platinum accounts, which require deposits from $500 to $25,000, with spreads decreasing as account levels increase. Unfortunately, there is limited transparency regarding average spreads, hindering the assessment of true trading costs. For international clients, LegacyFX offers a broader range of seven account types, culminating in the VIP account requiring a $50,000 deposit. These tiers emphasize client support and trading tools rather than straightforward pricing advantages. LegacyFX receives a 3.5-star rating for its commissions and fees, placing it at 57th out of 63 brokers according to ForexBrokers.com.
In summary, ACY Securities presents a more cost-effective option through its competitive spreads and lower commissions, particularly appealing to Australian traders. In contrast, LegacyFX focuses on offering varied account types catering to different levels of support and service. This contrast in strategies results in a significant difference in their rankings and ratings, making ACY Securities a preferred choice for those prioritizing lower trading 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.
ACY Securities and LegacyFX both offer forex trading as CFDs, making them appealing choices for those interested in currency trading. ACY Securities stands out with a significantly larger selection of tradeable symbols, providing access to 2,200 different options, compared to LegacyFX's 425 symbols. When it comes to forex pairs, ACY Securities also takes the lead, offering 66, while LegacyFX provides 44. Neither broker offers exchange-traded securities on U.S. or international exchanges, nor do they allow the buying of actual cryptocurrencies. However, both offer cryptocurrency derivatives and provide copy trading services for their users.
In terms of their range of investment offerings, ACY Securities edges ahead with a four-star rating, ranking 30th out of 63 brokers according to ForexBrokers.com. Meanwhile, LegacyFX garners a 3.5-star rating, placing it at the 48th rank. While both brokers offer similar services in certain areas, ACY Securities provides a wider variety of tradeable options, which might appeal to traders looking for diverse investment 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.
ACY Securities and LegacyFX both cater to traders looking for simulated trading experiences with free demo accounts and comprehensive trading platforms. ACY Securities stands out with its proprietary platform and compatibility with both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving users a broader range of choices. Meanwhile, LegacyFX offers MetaTrader 5 but lacks a proprietary platform and MT4. Both brokers provide a Windows-based desktop platform and a web-based version, making them accessible from various devices. Additionally, they feature copy trading but do not support DupliTrade or ZuluTrade, offering 15 drawing tools and allowing direct trading from stock charts. For watch lists, both offer seven columns to keep track of trading instruments effectively.
When it comes to rating and ranking, ACY Securities leads slightly with a 4-star rating for trading platforms and tools, compared to LegacyFX’s 3.5 stars. This performance is reflected in their rankings by ForexBrokers.com, where ACY Securities is positioned at #41 out of 63 brokers, whereas LegacyFX lands at #60. These factors can be crucial for traders when deciding which broker aligns better with their trading style and platform preferences, highlighting ACY Securities as a slightly more versatile option overall.
| 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 convenient mobile trading apps for iPhone and Android users, providing features like stock and forex price alerts, as well as the ability to draw trendlines and view multiple time frames on charts. Each platform allows users to create watchlists with real-time quotes and provides auto-saving for chart drawings. However, neither app offers the syncing of watchlists with users' online accounts. When it comes to charting, both ACY Securities and LegacyFX offer 30 technical studies to enhance trading decisions.
When evaluating user satisfaction, ACY Securities comes ahead with a mobile app rating of 4 stars as compared to LegacyFX's 3.5 stars. Furthermore, in a ranking of mobile trading apps by ForexBrokers.com, ACY Securities secures the 40th position out of 63 brokers, while LegacyFX is ranked 61st. This suggests that ACY Securities may provide a slightly more favorable mobile trading experience in comparison to LegacyFX, as indicated by user ratings and industry rankings.
| 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 the market research offerings of ACY Securities and LegacyFX, both firms provide daily market commentary and an economic calendar that highlights significant global economic events. However, LegacyFX stands out with access to forex news from renowned sources such as Bloomberg and Reuters, unlike ACY Securities. While neither platform offers sentiment-based trading tools or market research from companies like TipRanks and Acuity Trading, LegacyFX has a slight edge with tools from Autochartist, which ACY Securities lacks.
Both ACY Securities and LegacyFX are rated 3.5 stars for research, reflecting a moderate level of satisfaction with their offerings. Ranking-wise, ACY Securities holds the 45th position and LegacyFX follows closely at the 46th spot among 63 brokers evaluated by ForexBrokers.com in the Research category. This ranking suggests a comparable standing between the two, but LegacyFX brings a slight advantage through its partnership with top-tier news providers and additional technical tools.
| 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.
When comparing ACY Securities and LegacyFX in terms of educational offerings for beginner traders, both brokers provide a range of resources such as articles, videos, and archived webinars specifically focused on forex and CFDs. They each organize monthly educational webinars and have searchable archives of recorded sessions, making it easy for beginners to access past discussions and enhance their skills. Additionally, both brokers offer more than ten beginner-oriented videos that cover trading topics tailored to new traders, ensuring that novices have ample material to start learning the ropes.
However, some differences emerge in more specialized educational content. While LegacyFX provides over ten advanced educational videos for experienced traders and an extensive investor dictionary with definitions of over 50 investing terms, ACY Securities does not offer these. As a result, although both AEY Securities and LegacyFX achieve a 3.5-star rating for education, LegacyFX is ranked slightly higher by ForexBrokers.com at number 35 compared to ACY Securities at number 43 out of 63 brokers. This higher ranking reflects the additional advanced resources available from LegacyFX, which could be particularly beneficial for those looking to deepen their trading expertise beyond the basics.
| 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 63 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 #63.
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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