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 account | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
AvaTrade vs LegacyFX: When it comes to the range of investments, AvaTrade lists 1,260 tradeable symbols and 53 forex pairs, while LegacyFX offers 425 symbols and 44 forex pairs. Both brokers support forex trading via CFDs or spot contracts. Neither broker lets you buy exchange-traded shares on U.S. or international stock exchanges.
Both platforms provide copy trading. For crypto, you can trade cryptocurrency CFDs at either broker, but you can’t buy actual coins. Based on ForexBrokers.com’s Range of Investments scores, AvaTrade earns 4 stars and ranks #33 out of 63 brokers, whereas LegacyFX earns 3.5 stars and ranks #49. In short, AvaTrade offers a broader selection, while LegacyFX covers the essentials with a smaller list.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 425 |
| Forex Pairs (Total) | 53 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | 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.
AvaTrade and LegacyFX both make it easy to get started with trading tools you can try before you commit: each offers a free demo account, plus web-based and Windows desktop platforms. You can trade directly from charts with either broker, and both support copy trading and MetaTrader 5 (MT5). Key differences: AvaTrade also provides a proprietary, in-house platform and supports MetaTrader 4 (MT4), while LegacyFX does not offer its own platform and does not support MT4.
In independent testing by ForexBrokers.com, AvaTrade earns 4.5 out of 5 stars for Trading Platforms and Tools and ranks #13 out of 63 brokers. LegacyFX scores 3.5 stars and ranks #61. If you want broader platform choice—including MT4 and an in-house platform—AvaTrade stands out. If you’re focused on the essentials with MT5 and web/desktop access, LegacyFX can fit the bill.
| Feature |
AvaTrade
|
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) | 80 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
AvaTrade and LegacyFX both check the basics for mobile trading: each offers iPhone and Android apps, price alerts for stocks and forex, and the ability to draw trendlines on charts. Where they differ is in convenience and charting depth. AvaTrade syncs your watchlists between the mobile app and your online account, so changes carry over automatically; LegacyFX does not offer this syncing. For technical studies, AvaTrade includes 73 indicators compared with LegacyFX’s 30, giving traders more ways to analyze price action on the go.
LegacyFX does have one handy perk: the app auto-saves chart drawings, while AvaTrade does not. Even so, AvaTrade earns higher marks overall, with a 4.5-star Mobile Trading Apps rating and a #13 ranking out of 63 brokers at ForexBrokers.com. LegacyFX holds a 3.5-star rating and ranks #62. Choose AvaTrade if you want more indicators and synced watchlists; pick LegacyFX if auto-saving drawings is your top priority.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | 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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
AvaTrade and LegacyFX both provide beginner-friendly forex and CFD education. Each hosts client webinars at least once a month and offers sizeable video libraries that include at least 10 beginner lessons and at least 10 advanced videos, helping new traders progress from the basics to more complex strategies.
Independent ratings give AvaTrade the edge for education: it earns 4 stars and ranks #2 out of 63 brokers on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #35. If you’re seeking a higher-rated, more expansive learning experience, AvaTrade is the stronger choice; if you’re comfortable with solid videos and recurring webinars, LegacyFX still covers the essentials.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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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| Trust Score | 94 | 67 |
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AvaTrade vs LegacyFX: neither broker offers the purchase of actual (delivered) cryptocurrency, but both allow trading cryptocurrency via CFDs.
AvaTrade vs LegacyFX: comparing deposit and withdrawal options, neither supports ACH/SEPA; AvaTrade supports PayPal, Skrill, and bank wires, while LegacyFX’s support for PayPal, Skrill, and bank wires is not specified, and Visa/Mastercard availability is not specified for either broker.
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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | 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 | AvaTrade | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | AvaTrade | 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 | AvaTrade | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | AvaTrade | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | AvaTrade | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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