Written by ForexBrokers.com
In this head to head comparison of ATFX 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.
ATFX, founded in 2017, and LegacyFX, established in 2012, offer online trading services but vary in their regulatory strengths. Both brokers are privately held and not associated with any banks, yet their Trust Scores and licensing differ. ATFX boasts a Trust Score of 85, indicating a solid trust level, with 4 Tier-1 and 2 Tier-2 regulatory licenses adding to its credibility. In contrast, LegacyFX, with a Trust Score of 67, is classified in a higher risk category and holds only a single Tier-1 license, with no Tier-2 licenses, reflecting a less extensive regulatory presence.
These differences are significant for traders concerned about trust and regulation when choosing an online broker. ATFX’s higher Trust Score and multiple high-quality licenses suggest a more reliable regulatory environment compared to LegacyFX. While LegacyFX has been in operation longer, its lower regulatory standing may be a factor for traders prioritizing security and trust in their trading platform.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Year Founded | 2017 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
ATFX is a reputable online broker, although its commissions and fees are not the most competitive, earning it a 3-star rating. Due to the lack of average spread data, it’s challenging for traders to gauge exact trading costs, which contributes to its lower ranking within the industry. According to ForexBrokers.com, ATFX is ranked 60th out of 63 brokers in the Commissions and Fees category. This signals that there are potentially more cost-effective options for those concerned with brokerage charges.
On the other hand, LegacyFX, with a slightly better rating of 3.5 stars, offers a varied fee structure based on the type of account and geographical location of the trader. Its EU entity, regulated by CySEC, presents three account types: Silver, Gold, and Platinum, with minimum deposits of $500, $5,000, and $25,000, respectively. The Platinum account boasts the lowest spreads, while the Silver account incurs significantly higher trading costs, with spreads starting from 1.6 pips on the EUR/USD. International clients utilizing LegacyFX’s Vanuatu entity have access to seven account types, ranging from Standard to VIP, where the minimum deposit requirement reaches up to $50,000 depending on the account.
Although both ATFX and LegacyFX lack available average spread data for a precise comparison of trading costs, LegacyFX holds a slight edge in rating and industry ranking, positioned at 57th of 63 in the Commissions and Fees category by ForexBrokers.com. This suggests that LegacyFX may offer marginally better value in terms of fees and account flexibility when compared to ATFX.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $500 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
ATFX and LegacyFX both provide opportunities for forex trading through CFDs or spot contracts, catering to traders interested in currency markets. ATFX offers 150 tradeable symbols with 44 forex pairs, while LegacyFX provides a broader selection with 425 tradeable symbols, including the same number of forex pairs. For traders interested in cryptocurrency derivatives, both platforms allow investment in this area, although neither supports the purchase of actual cryptocurrency. Additionally, neither broker facilitates trading in exchange-traded securities on U.S. or international exchanges, which could be a consideration for investors looking for stock trading options.
When it comes to copy trading, both ATFX and LegacyFX offer this feature, allowing users to follow and replicate successful trading strategies. Despite the differences in the breadth of tradeable symbols, both platforms receive a comparable 3.5-star rating for their range of investments. However, LegacyFX holds a slightly higher position, ranked #48 compared to ATFX's #57, according to ForexBrokers.com, indicating a marginal edge in variety. Therefore, potential users looking to weigh their options may consider LegacyFX’s larger menu of symbols as a deciding factor.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 425 |
| Forex Pairs (Total) | 44 | 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.
When comparing the trading platforms and tools of online brokers ATFX and LegacyFX, both offer similar features that cater to traders at various levels. Both brokers provide free virtual demo accounts, allowing users to simulate trading without risk. They also offer Windows-based desktop and web-based platforms for trading flexibility, though neither provides a proprietary platform developed in-house. For copy trading enthusiasts, both brokers support this feature as well. Importantly, both brokers offer the popular MetaTrader 5 (MT5) platform, while only ATFX also supports MetaTrader 4 (MT4).
Additionally, ATFX and LegacyFX each provide a comprehensive charting toolset that includes 15 drawing tools and the capability to trade directly from stock charts. They also support watch lists with seven columns for customized tracking. Despite these similar features, both brokers have received similar ratings of 3.5 stars for their trading platforms and tools, with ATFX ranked at #62 and LegacyFX at #60 out of 63 brokers by ForexBrokers.com. These metrics suggest that while both brokers offer competitive features, users may look toward other considerations such as customer service and pricing when making a decision.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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.
When it comes to mobile trading apps, both ATFX and LegacyFX offer applications compatible with iPhone and Android devices. These apps provide traders with essential features such as price alerts for stocks and forex, and the ability to draw trendlines on charts while accessing various time frames like daily, weekly, or intraday. Both brokers also allow users to create watchlists complete with real-time quotes, and they offer auto-saving of chart drawings, adding to the convenience for users who frequently analyze market trends.
Despite these similarities, there are key differences worth noting. LegacyFX offers 30 technical studies for charting in its mobile app, which surpasses ATFX’s offering of just 7, potentially providing more in-depth analysis for experienced traders. However, neither broker supports watchlist symbol syncing between their mobile apps and online accounts, which might be a limitation for users seeking seamless integration across platforms. Both brokers share a 3.5-star rating for their mobile trading apps, though LegacyFX ranks slightly higher than ATFX, at #61 versus #63, among 63 brokers reviewed by ForexBrokers.com.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 7 | 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.
ATFX and LegacyFX are two online brokers that both provide daily market commentary, helping traders stay informed about market movements. However, when it comes to forex news from top-tier sources, LegacyFX takes the lead by offering insights from trusted names like Bloomberg and Reuters, a feature ATFX lacks. Both brokers excel in offering tools from Autochartist for comprehensive technical analysis, but ATFX slightly edges out with additional offerings from Trading Central, which LegacyFX does not provide.
Neither broker supports sentiment-based trading tools or market research from TipRanks and Acuity Trading. They both offer economic calendars to keep traders updated on global events. When looking at broker rankings, LegacyFX is rated slightly higher with 3.5 stars compared to ATFX's 3 stars, and it ranks #46 out of 63 brokers for research on ForexBrokers.com, while ATFX stands at #54.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | 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 exploring educational resources for beginners, both ATFX and LegacyFX offer a minimum of 10 educational materials focusing on forex and CFDs, such as articles, videos, and archived webinars. However, ATFX stands out with its searchable archive of previously recorded webinars, providing easy access to past learning sessions. Both platforms offer at least 10 beginner educational videos tailored specifically for new traders. ATFX also provides an investor dictionary featuring definitions of at least 50 investing terms, making it a reliable resource for newbies seeking clarity on trading jargon.
LegacyFX, on the other hand, offers a broader range of educational opportunities by including at least 10 advanced videos for seasoned traders and holding monthly online educational webinars. Despite ATFX's higher ranking at #28 by ForexBrokers.com, LegacyFX edges out with a slightly higher education rating of 3.5 stars compared to ATFX's 3 stars, thanks to its comprehensive suite of resources catering to both beginner and advanced traders. Both platforms present valuable learning opportunities, but LegacyFX's offerings might appeal more to those looking for continuous learning and deeper insights into advanced trading techniques.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 ATFX is better than LegacyFX. ATFX finished with an overall rank of #51, while LegacyFX finished with an overall rank of #63.
ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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Both ATFX and LegacyFX offer the ability to trade cryptocurrency derivatives but do not provide options for purchasing actual (delivered) cryptocurrencies.
Both ATFX and LegacyFX provide options for depositing and withdrawing account funds through Skrill, Visa, Mastercard, and bank wires, but neither offer ACH, SEPA, or PayPal services, making them similar in transaction methods.
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 | ATFX | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | ATFX | LegacyFX | |
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| Regulation | ATFX | LegacyFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2017 | 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | ATFX | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | ATFX | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | ATFX | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 425 | |
| Forex Pairs (Total) | 44 | 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 | ATFX | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ATFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $500 | $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 | No | No |
| Trading Platforms | ATFX | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | ATFX | 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 | ATFX | 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 | 7 | 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 | ATFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | ATFX | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ATFX | 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 | LegacyFX Review |
| Overall | ATFX | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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