Written by ForexBrokers.com
In this head to head comparison of Admirals 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.
When comparing Admirals and LegacyFX, two well-known online brokers, key differences emerge in terms of trust and regulatory standings. Admirals, established in 2001, holds an impressive Trust Score of 93 out of 99 from ForexBrokers.com, indicating a high level of reliability. It boasts four Tier-1 licenses and three Tier-2 licenses, showcasing its secure and trusted position in the industry. Meanwhile, LegacyFX, which commenced operations in 2012, holds a Trust Score of 67, signaling a higher risk relative to Admirals. It only possesses one Tier-1 license and lacks any Tier-2 licenses, offering less assurance to traders seeking safety in trading platforms.
Neither Admirals nor LegacyFX is publicly traded or operates as a bank. These facts further differentiate the brokers primarily based on their regulatory frameworks and trust levels. Admirals’ extensive regulatory coverage offers clients a more secure trading experience, whereas LegacyFX's limited licensing may require traders to approach with caution. For those prioritizing regulatory assurance and trust, Admirals stands out as the more reliable option.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Year Founded | 2001 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Admirals takes the lead with competitive pricing and typical spreads of 0.8 on its Trade account. The Zero account type also offers similar pricing, making Admirals a cost-effective choice for traders. With a rating of 4.5 stars out of 5, Admirals is ranked #17 out of 63 brokers by ForexBrokers.com in the Commissions and Fees category, reflecting its appeal for traders looking to minimize their trading expenses.
On the other hand, LegacyFX offers a range of accounts that vary based on the user's choice of EU or international entities. Unfortunately, LegacyFX does not provide average spreads, which can make it challenging to gauge the true cost of trading. In its EU entity, the Silver, Gold, and Platinum account types have minimum deposits of $500, $5,000, and $25,000, respectively. For international clients through its Vanuatu entity, options include seven account types like Standard, Bronze, Silver, Gold, Platinum, Premium, and VIP, with minimum deposits ranging from $500 to $50,000. Platinum account holders enjoy the lowest advertised spreads, while Silver accounts face higher costs with spreads as low as 1.6 pips on the EUR/USD. LegacyFX is rated 3.5 stars for commissions and fees and ranks #57 out of 63 brokers in this category on ForexBrokers.com.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 it comes to the variety of investments available, Admirals and LegacyFX cater to different types of traders and investors. Admirals stands out with an impressive selection, offering a whopping 8,702 tradeable symbols and 82 forex pairs. They provide access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in popular stocks like Apple and Vodafone directly. LegacyFX, however, offers 425 tradeable symbols with 44 forex pairs and does not provide access to U.S. or international exchange-traded securities. Both brokers offer forex trading as CFDs, options for cryptocurrency derivatives, and the feature of copy trading.
While Admirals is rated 4.5 stars for their range of investments, positioning them 19th out of 63 brokers, LegacyFX is rated at 3.5 stars and ranks 48th. This difference highlights Admirals' extensive selection and access to a broader range of markets, making it a potential choice for those keen on wide-ranging investment opportunities. Conversely, LegacyFX may serve as a suitable platform for traders focusing on a more streamlined selection of assets without the need for direct stock market participation.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 425 |
| Forex Pairs (Total) | 82 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 it comes to trading platforms and tools, Admirals and LegacyFX both offer competitive features, yet they cater to different needs. Admirals provides a free virtual demo account, allowing new traders to practice without financial risk, a feature also available on LegacyFX. However, Admirals gains an edge with their proprietary platform, which is not something LegacyFX offers. Both brokers support a Windows-based desktop and web-based trading platform, but when it comes to popular software options, only Admirals offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX supports only MT5. Additionally, both platforms allow copy trading, although neither supports DupliTrade or ZuluTrade.
In terms of charting capabilities, Admirals shines with 106 drawing tools compared to LegacyFX's 15. Both platforms allow trading directly from stock charts and offer seven columns for watch lists. Despite having similar offerings, Admirals generally receives higher ratings for their trading platforms and tools, with a four-star rating compared to LegacyFX’s 3.5 stars. This might be why Admirals is ranked 19th out of 63 brokers by ForexBrokers.com in the Trading Platforms and Tools category, while LegacyFX is ranked 60th. Admirals' diverse and comprehensive tools provide a more versatile trading experience, particularly appealing to users looking for extensive charting features and proprietary solutions.
| Feature |
Admirals
|
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) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Admirals and LegacyFX provide iPhone and Android apps, making them accessible to a wide range of users. These mobile apps are equipped with essential trading features, including stock and forex price alerts, the ability to draw trendlines, and views across multiple time frames. Admirals and LegacyFX both support creating real-time quote watchlists, although neither offers watchlist symbol syncing with their online accounts.
When it comes to charting, Admirals and LegacyFX each offer 30 technical studies, allowing traders to perform detailed analyses on the go. Additionally, they enable auto-saving of chart drawings, ensuring that users' insights are preserved. Despite offering similar features, Admirals boasts a slightly higher mobile app rating of 4 stars compared to LegacyFX’s 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, where Admirals is ranked #23 and LegacyFX is #61 among 63 brokers in the Mobile Trading Apps category.
| Feature |
Admirals
|
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 evaluating market research offerings, both Admirals and LegacyFX provide daily market commentary and forex news from prestigious sources like Bloomberg, Reuters, and Dow Jones, ensuring traders stay informed with accurate data. However, Admirals sets itself apart by offering a range of additional tools. Admirals integrates Trading Central's analytical tools, sentiment-based trading instruments displaying market tendencies, and resources from both TipRanks and Acuity Trading, including Signal Centre. In contrast, LegacyFX does not include these specific tools but does employ Autochartist, a well-known technical analysis provider. Both platforms ensure access to an economic calendar covering global news events, laying a solid foundation for successful trading strategies.
In terms of ratings, Admirals receives a commendable 4 stars for its research capabilities, outperforming LegacyFX which garners 3.5 stars. Admirals' comprehensive research offerings help it rank #15 among 63 brokers in the Research category on ForexBrokers.com, whereas LegacyFX is positioned at #46. Overall, while both brokers provide essential market insights, Admirals offers a more extensive suite, potentially giving traders a competitive edge through access to varied tools and in-depth analysis.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Admirals and LegacyFX offer a comprehensive suite to get you started with forex and CFDs. Each broker provides at least ten educational pieces, including articles, videos, and archived webinars focused on these trading areas. They also host online educational webinars monthly and maintain searchable archives of past sessions. Additionally, both brokers offer a range of beginner and advanced educational videos, ensuring that traders at different experience levels can enhance their knowledge. Admirals and LegacyFX further support learners with an investor dictionary, each defining over fifty investment terms.
Despite their similarities, Admirals edges out in educational quality, boasting a 4-star rating compared to LegacyFX's 3.5 stars. This slight advantage is reflected in ForexBrokers.com's rankings, where Admirals secures the 12th spot out of 63 brokers for education, while LegacyFX holds the 35th position. Overall, both brokers deliver solid educational tools for novices, but Admirals seems to have a slight lead in depth and recognition within the industry.
| Feature |
Admirals
|
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 | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Admirals is better than LegacyFX. Admirals finished with an overall rank of #18, while LegacyFX finished with an overall rank of #63.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Admirals and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
In comparing online brokers Admirals and LegacyFX, Admirals provides a wider range of funding options including ACH, SEPA transfers, and PayPal, which are not available with LegacyFX, while both brokers support Skrill, Visa or Mastercard, and bank wire transfers for depositing or withdrawing account funds.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Admirals | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | Admirals Review | LegacyFX Review |
| Broker Screenshots | Admirals | LegacyFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Admirals | LegacyFX | |
|---|---|---|---|
| Trust Score | 93 | 67 | |
| Year Founded | 2001 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Admirals | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Admirals | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 425 | |
| Forex Pairs (Total) | 82 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Admirals | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Admirals | 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 | Admirals | 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) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | 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 | Yes | Yes |
| Research | Admirals | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | 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 | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | 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 | Admirals Review | LegacyFX Review |
| Overall | Admirals | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | Admirals Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill