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LegacyFX vs ATFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is LegacyFX better than ATFX? In our analysis of 23 international regulators across 39 of the best forex brokers, LegacyFX is considered average-risk, with an overall Trust Score of 75 out of 99. ATFX is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall RatingLegacyFXATFXIG
Overall Rating3.5 Stars3.5 Stars5 Stars
Commissions & Fees3.5 Stars3 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars3.5 Stars5 Stars
Mobile Trading3.5 Stars3.5 Stars5 Stars
Research3.5 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score757099
Winnercheck_circle
ReviewLegacyFX ReviewIG Review
RegulationLegacyFXATFXIG
Trust Score757099
Year Founded201220171974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses112
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ 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 โ€œYesโ€ 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 โ€œYesโ€ 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)LegacyFXATFXIG
ASIC Authorised (Australia)NoNoYes
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.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)LegacyFXATFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
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)LegacyFXATFXIG
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)NoYesNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsLegacyFXATFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)42515019537
Forex Pairs (Total)4144100
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).
CostLegacyFXATFXIG
Average Spread EUR/USD - Standard0-10.86 (September 2022)
All-in Cost EUR/USD - Active0-10.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerNoYesYes
FundingLegacyFXATFXIG
Minimum Initial Deposit$500$500ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsLegacyFXATFXIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)YesNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsLegacyFXATFXIG
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 TradingLegacyFXATFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies30733
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarNoYesYes
ResearchLegacyFXATFXIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoNoYes
AutochartistYesYesYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationLegacyFXATFXIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsLegacyFXATFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewLegacyFX ReviewIG Review
OverallLegacyFXATFXIG
Overall Rating3.5 Stars3.5 Stars5 Stars
Commissions & Fees3.5 Stars3 Stars5 Stars
Offering of Investments3.5 Stars3.5 Stars5 Stars
Platform & Tools3.5 Stars3.5 Stars5 Stars
Mobile Trading3.5 Stars3.5 Stars5 Stars
Research3.5 Stars3 Stars5 Stars
Education3.5 Stars4 Stars5 Stars
Trust Score757099
Winnercheck_circle
ReviewLegacyFX ReviewIG Review
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LegacyFX vs ATFX 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 LegacyFX vs ATFX.

Does LegacyFX or ATFX 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 LegacyFX or ATFX 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 LegacyFX and ATFX hold 1 global Tier-1 licenses. Both LegacyFX and ATFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, LegacyFX earned a higher Trust Score than ATFX.

Which trading platform is better: LegacyFX or ATFX?

To compare the trading platforms of both LegacyFX and ATFX, 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.LegacyFX and ATFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

ATFX provides traders 44 currency pairs (e.g., EUR/USD) compared to LegacyFX's 41 available pairs. Forex pairs aside, LegacyFX offers traders access to 425 CFDs while ATFX has 150 available CFDs, a difference of 275.

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).

Can I trust ATFX?

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

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.

Is ATFX good?

ATFX is a MetaTrader-only broker, regulated primarily in the U.K., Cyprus, and Mauritius. ATFX demonstrates potential as MetaTrader broker, yet has considerable room to grow across key categories such as the range of markets and trading platforms.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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