Written by ForexBrokers.com
In this head to head comparison of Alpari 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.
Founded in 1998, Alpari is a well-established online broker, while LegacyFX, established in 2012, is a newer entrant in the financial services industry. Neither company is publicly traded or operates as a bank, making their regulatory standings crucial for evaluating trust and safety. When it comes to regulatory credentials, Alpari holds no Tier-1 or Tier-2 licenses, earning a Trust Score of 68 out of 99 from ForexBrokers.com, indicating a high-risk investment classification.
In comparison, LegacyFX, although not publicly traded or a bank, secures a slightly lower Trust Score of 67 but boasts one Tier-1 license, the higher-tier regulatory clearance amongst the two. Despite its slightly lower score, LegacyFX's Tier-1 license suggests a more secure trading environment compared to Alpari's unlicensed status under ForexBrokers.com's Trust Score system. Both brokers offer potential trading platforms, but it's important for investors to consider these regulatory nuances when choosing between them.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Year Founded | 1998 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, Alpari earns 4 out of 5 stars and ranks #42 out of 63 brokers, while LegacyFX scores 3.5 out of 5 stars and ranks #58. Neither broker publishes average spread data, which makes it hard to pin down the true, day-to-day cost of trading.
Alpari: With no average spread figures available, it’s difficult to gauge typical spreads or total fees. Still, its 4/5 rating and #42 ranking in the Commissions and Fees category suggest Alpari is reasonably competitive versus many peers.
LegacyFX: Costs vary by entity and account. In the EU (CySEC-regulated), Silver ($500 min), Gold ($5,000), and Platinum ($25,000) accounts are offered; advertised spreads are lowest on Platinum, slightly higher on Gold, and notably higher on Silver, where the minimum spread can reach 1.6 pips on EUR/USD. Internationally (Vanuatu), seven tiers run from Standard ($500) to VIP ($50,000), with perks like mentoring and trading-desk access scaling up with higher tiers. Because LegacyFX does not publish average spreads, estimating typical trading costs is challenging—reflected in its 3.5/5 rating and #58 ranking for Commissions and Fees.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $20 | $500 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Alpari and LegacyFX both support forex trading (CFD/spot). LegacyFX offers a wider overall lineup with 425 tradeable symbols, while Alpari lists 105. When it comes to currency pairs, Alpari has a slight edge with 46 forex pairs versus 44 at LegacyFX.
Neither broker lets you buy U.S.-listed shares outright (non-CFD), but Alpari does offer access to some international exchange-traded shares, which LegacyFX does not. Both support copy trading and cryptocurrency via CFDs (not actual coins). For Range of Investments, ForexBrokers.com rates Alpari 3 stars and LegacyFX 3.5 stars, and ranks them 64th and 49th, respectively—so pick Alpari if you want international share access, or LegacyFX if you want more symbols overall.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 105 | 425 |
| Forex Pairs (Total) | 46 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Alpari and LegacyFX both let you practice risk-free with a free demo account. Each broker provides a web-based platform and a Windows desktop app, supports copy trading, and lets you place orders directly from price charts. A key difference is that Alpari also offers its own proprietary platform built in-house, while LegacyFX does not.
If you prefer MetaTrader, Alpari supports both MT4 and MT5, whereas LegacyFX offers MT5 but not MT4. For Trading Platforms and Tools, Alpari is rated 4 stars and ranks #56 out of 63 brokers, while LegacyFX is rated 3.5 stars and ranks #61. In short, Alpari edges ahead on platform choice and ratings, but both brokers cover the essentials for web, desktop, and copy trading.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Alpari and LegacyFX both provide mobile trading apps for iPhone and Android, helping you follow the markets from your phone. Each app supports stock and forex price alerts. However, neither broker offers watchlist symbol syncing between the mobile app and your online account, so changes made in one place won’t carry over automatically.
For charting, both apps include 30 technical studies and let you draw trendlines. LegacyFX auto-saves your chart drawings, while Alpari does not. According to ForexBrokers.com, Alpari is rated 4 out of 5 stars and ranks 57th out of 63 brokers for Mobile Trading Apps; LegacyFX is rated 3.5 out of 5 stars and ranks 62nd. Choose LegacyFX if auto-saved drawings are essential, or Alpari if a higher overall app rating is your priority.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at Alpari vs LegacyFX: LegacyFX publishes daily market commentary, while Alpari does not. Both brokers stream forex news from top-tier sources like Bloomberg or Reuters and include Autochartist tools to help spot trading opportunities. Neither broker offers Trading Central or a sentiment tool showing the ratio of long vs short positions. Each provides an economic calendar for global events. There’s no stated support for TipRanks or Acuity Trading tools at either broker.
LegacyFX edges ahead on ratings, earning 3.5 out of 5 stars for research and ranking #47 of 63 brokers at ForexBrokers.com, compared with Alpari’s 3 stars and #58 ranking. If you want daily insights alongside news and Autochartist, LegacyFX is the better fit; if you only need top-tier news, Autochartist, and a calendar, Alpari covers the basics. This broker comparison highlights key forex research and market research tools to help you choose.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners exploring forex and CFD trading, both Alpari and LegacyFX provide a strong starting point with at least 10 beginner-focused video lessons. LegacyFX adds more ways to learn with monthly educational webinars (Alpari does not host monthly webinars). As you advance, LegacyFX also supplies 10+ videos for experienced traders, while Alpari does not offer the same depth on advanced topics. If you prefer live sessions and a clear path from basics to more advanced material, LegacyFX has the edge; for self-paced beginner videos, both brokers fit the bill.
Independent scores reflect this gap: Alpari is rated 3.0 out of 5 stars for Education and ranks 48th out of 63 brokers at ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks 35th. Choose LegacyFX if you want regular webinars and room to grow; choose Alpari if your priority is straightforward beginner video lessons to learn the essentials of forex and CFDs.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Alpari is better than LegacyFX. Alpari finished with an overall rank of #58, while LegacyFX finished with an overall rank of #63.
Alpari is one of the first brokers to offer the MetaTrader platform glopbally before it became popular. The Alpari group of companies are regulated only in a few jurisdictions, putting the broker at a disadvantage compared to the most trusted brokers.
| Feature |
Alpari
|
LegacyFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 68 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Alpari vs LegacyFX: both online brokers do not support buying actual (delivered) cryptocurrencies, but each offers cryptocurrency CFD trading for crypto market exposure.
Alpari vs LegacyFX comparison: both brokers do not offer ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options was not specified.
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 | Alpari | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 68 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Alpari | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Alpari | LegacyFX | |
|---|---|---|---|
| Trust Score | 68 | 67 | |
| Year Founded | 1998 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Alpari | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | |||
| 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) | Alpari | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Alpari | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 105 | 425 | |
| Forex Pairs (Total) | 46 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Alpari | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Alpari | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $20 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | Alpari | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Alpari | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Alpari | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Alpari | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | |||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Alpari | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Alpari | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | LegacyFX Review |
| Overall | Alpari | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 68 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
