Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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 it comes to selecting an online broker, understanding their trustworthiness and regulatory standing is crucial. AvaTrade, established in 2006, holds an impressive ForexBrokers.com Trust Score of 94, marking it as highly trusted. This broker holds four Tier-1 licenses, which indicates a high level of reliability. In addition, AvaTrade also possesses three Tier-2 licenses, further reinforcing its trusted status in the financial landscape. Although not a publicly traded company or a bank, AvaTrade's stellar regulatory backing can provide clients with a sense of assurance.
On the other hand, LegacyFX, founded in 2012, carries a ForexBrokers.com Trust Score of 67, placing it in the high-risk category. This broker only holds one Tier-1 license and does not possess any Tier-2 licenses, which might raise some concerns regarding its trust level. Similar to AvaTrade, LegacyFX is neither publicly traded nor a bank. Potential clients should carefully consider these regulatory differences when comparing the two brokers, as AvaTrade appears to offer more comprehensive protection through its licenses and trust score.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Year Founded | 2006 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
AvaTrade and LegacyFX take different approaches to pricing. AvaTrade publishes average spreads near the industry norm at about 0.9 pips on EUR/USD (June 2024), while LegacyFX does not publish average spreads, making typical costs harder to gauge. For commissions and fees, ForexBrokers.com rates AvaTrade 4.5/5 stars and ranks it #13 of 63 brokers, whereas LegacyFX earns 3.5/5 stars and ranks #58 of 63.
AvaTrade’s standard spreads of roughly 0.9 pips are slightly higher than the entry-level pricing at CMC Markets and Tickmill, but still competitive for most traders. If you qualify as an elected professional, AvaTrade’s Professional account offers spreads from 0.6 pips, comparable to FP Markets.
LegacyFX’s costs vary by entity and account tier. In the EU (CySEC-regulated), Silver, Gold, and Platinum accounts require $500, $5,000, and $25,000 minimum deposits, respectively; spreads are lowest on Platinum and higher on Gold, while Silver can be much pricier with minimum spreads starting as high as 1.6 pips on EUR/USD. Internationally (Vanuatu), there are seven tiers from Standard ($500) to VIP ($50,000). Higher tiers add more support and tool access, but with no published average spreads, it’s difficult to estimate day-to-day trading costs.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | 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.
AvaTrade vs LegacyFX: For range of investments, AvaTrade offers more markets overall, with 1,260 tradable symbols and 53 forex pairs, compared with LegacyFX’s 425 symbols and 44 forex pairs. That extra choice helps AvaTrade score 4 stars and rank #33 out of 63 brokers for Range of Investments at ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks #49.
Both brokers let you trade forex via CFDs or spot contracts, support copy trading, and provide crypto exposure through derivatives (not the actual coins). Neither broker lets you buy real stocks listed on U.S. or international exchanges. If you want more instruments and a few more currency pairs, AvaTrade has the edge; if a smaller yet diverse CFD lineup suits your needs, LegacyFX is a solid alternative.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 425 |
| Forex Pairs (Total) | 53 | 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.
Choosing between AvaTrade and LegacyFX for trading platforms and tools? Both brokers provide free demo accounts for practice, plus Windows desktop and web-based platforms with copy trading options. AvaTrade adds its own in-house platform, while LegacyFX does not. Platform support differs too: AvaTrade offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with DupliTrade and ZuluTrade integrations. LegacyFX supports MT5 but not MT4, and it doesn’t connect with DupliTrade or ZuluTrade.
For charting and workflow, both brokers let you place trades directly from charts and offer 7 watch list columns. AvaTrade includes 13 drawing tools, while LegacyFX offers 15. Independent ratings favor AvaTrade for platforms and tools: it earns 4.5/5 stars and ranks #13 out of 63 brokers at ForexBrokers.com, compared with LegacyFX at 3.5/5 stars and #61 out of 63. In short, traders who want MT4 plus wider copy-trading choices may prefer AvaTrade, while LegacyFX fits those who only need MT5 and straightforward web and desktop access.
| Feature |
AvaTrade
|
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 | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both the AvaTrade mobile app and the LegacyFX mobile app are available for iPhone and Android. Each supports stock and forex price alerts, real-time quote watchlists, drawing trendlines, and switching among multiple time frames (intraday, daily, weekly). These essentials make it easy to track markets and manage trades on the go.
Key differences favor AvaTrade for feature depth. AvaTrade offers 73 technical studies for charts versus 30 on LegacyFX, and it syncs watchlists with your online account so changes update across devices—something LegacyFX does not provide. LegacyFX, however, auto-saves chart drawings, while AvaTrade does not. According to ForexBrokers.com, the AvaTrade mobile app is rated 4.5 stars and ranks #13 out of 63 brokers, compared with LegacyFX at 3.5 stars and #62. If you want more charting tools and seamless watchlist syncing, AvaTrade is the stronger choice; if auto-saving drawings matters most, LegacyFX has that covered.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
AvaTrade and LegacyFX both cover the basics for market research with an economic calendar and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. LegacyFX stands out for offering daily market commentary and Autochartist tools, which can help with pattern recognition and trade ideas. AvaTrade, on the other hand, includes Trading Central analysis and a sentiment tool that shows the ratio of long vs. short positions—features LegacyFX does not list. The information provided does not specify whether LegacyFX includes TipRanks or Acuity Trading tools, while AvaTrade does not offer either.
According to ForexBrokers.com, AvaTrade earns 4 stars for Research and ranks #35 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks #47. If you want daily commentary and Autochartist, LegacyFX is appealing. If you prefer Trading Central insights and trader sentiment data, AvaTrade is the better fit. Both are solid for staying on top of news and key economic events.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking educational resources in the trading realm, both AvaTrade and LegacyFX present appealing options. AvaTrade provides an extensive range of materials, including a minimum of 10 educational pieces focused on forex or CFDs. This is complemented by monthly online webinars and a searchable archive of past sessions, which greatly aid in grasping trading concepts. Beginners will appreciate the broad selection of beginner-oriented videos offered by AvaTrade, in addition to an investor dictionary comprising over 50 investing terms for easy reference. AvaTrade’s commitment to education has earned it a 4-star rating and a commendable rank of #2 out of 63 brokers by ForexBrokers.com.
LegacyFX, on the other hand, also delivers a substantial educational experience with at least 10 educational materials on forex or CFDs and regular client webinars. These webinars, too, are part of a searchable archive, allowing users to learn at their own pace. The platform offers a series of introductory videos tailored for novice traders, supported by an informative investor dictionary having 50+ definitions. While LegacyFX holds a slightly lower education rating of 3.5 stars and is ranked #35, it still stands as a solid choice for those starting out in trading, ensuring access to essential learning resources necessary for building a strong trading foundation.
| Feature |
AvaTrade
|
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 AvaTrade is better than LegacyFX. AvaTrade finished with an overall rank of #13, while LegacyFX finished with an overall rank of #63.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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LegacyFX
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|---|---|---|
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| Trust Score | 94 | 67 |
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When comparing online brokers, both AvaTrade and LegacyFX do not offer the ability to buy actual delivered cryptocurrencies but do provide options for trading cryptocurrency derivatives.
When comparing online brokers AvaTrade and LegacyFX, AvaTrade stands out by offering PayPal as a funding option, a feature LegacyFX lacks, while both platforms support Skrill, Visa or Mastercard, and bank wire transactions; neither broker provides ACH or SEPA transfer options for deposits or withdrawals.
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 | AvaTrade | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | LegacyFX Review |
| Broker Screenshots | AvaTrade | LegacyFX | |
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| Regulation | AvaTrade | LegacyFX | |
|---|---|---|---|
| Trust Score | 94 | 67 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | AvaTrade | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | AvaTrade | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 425 | |
| Forex Pairs (Total) | 53 | 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 | AvaTrade | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | 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 | No | No |
| Trading Platforms | AvaTrade | 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 | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | LegacyFX Review |
| Overall | AvaTrade | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | LegacyFX Review |
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