Written by ForexBrokers.com
In this head to head comparison of Axi 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 comparing online brokers Axi and LegacyFX, both companies have established themselves in the forex trading industry, albeit with distinct differences. Founded in 2007, Axi holds a Trust Score of 82 out of 99, signifying a trusted status according to ForexBrokers.com. It is noteworthy that Axi is not publicly traded nor a bank, yet it maintains a strong regulatory foundation with two Tier-1 licenses and one Tier-2 license. This regulatory compliance signals a higher level of oversight and consumer protection.
LegacyFX, founded later in 2012, holds a lower Trust Score of 67, categorizing it as a high risk broker based on ForexBrokers.com's criteria. Like Axi, LegacyFX is neither publicly traded nor a banking institution. In terms of regulatory credentials, LegacyFX holds one Tier-1 license, but lacks any Tier-2 licenses, offering it comparatively less regulatory backing. While both brokers offer online trading platforms, Axi's higher Trust Score and regulatory licenses may provide clients with added peace of mind in terms of trust and security.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Year Founded | 2007 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Axi vs. LegacyFX: commissions and fees. Axi earns 4 out of 5 stars and ranks #44 of 63 for Commissions and Fees at ForexBrokers.com, while LegacyFX scores 3.5 out of 5 stars and ranks #58 of 63. Neither broker publishes average spread data, which makes it harder to compare real-world trading costs at a glance.
Axi does not provide average spreads, so you’ll need to check live quotes and any applicable costs (such as swaps) to understand what you might pay. Its higher star rating and ranking suggest pricing that can be competitive, though not necessarily the lowest in the market.
LegacyFX’s fees depend on the entity and account you choose. In the EU (CySEC), there are Silver ($500 minimum), Gold ($5,000), and Platinum ($25,000) accounts; advertised spreads are lowest on Platinum, higher on Gold, and considerably higher on Silver, where the minimum spread can be as high as 1.6 pips on EUR/USD. Internationally (Vanuatu), LegacyFX offers seven tiers—Standard ($500) through VIP ($50,000)—with benefits like extra support and tools improving as you move up. However, without average spreads, it’s difficult to pinpoint typical trading costs across these accounts.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $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.
Axi vs LegacyFX: When it comes to the range of investments, both brokers let you trade forex via CFDs/spot and support copy trading. LegacyFX lists more total instruments (about 425 tradeable symbols) than Axi (about 175), while Axi offers more currency pairs (65 forex pairs) compared to LegacyFX (44). Both brokers offer crypto CFDs but do not support buying actual cryptocurrencies.
Neither Axi nor LegacyFX provides direct access to exchange-traded U.S. or international shares (non-CFDs). For Range of Investments, both are rated 3.5 out of 5 stars. In ForexBrokers.com’s rankings out of 63 brokers, LegacyFX places #49 and Axi ranks #57. In short, pick based on what you value most: total market variety (LegacyFX) or a bigger list of forex pairs (Axi).
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 425 |
| Forex Pairs (Total) | 65 | 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.
Axi and LegacyFX both make it easy to practice with a free demo (paper) account. Each broker offers a Windows desktop platform and a web-based platform, along with copy trading and the ability to place orders directly from charts. Neither provides its own in-house platform; instead, they rely on MetaTrader—Axi supports MetaTrader 4 (MT4), while LegacyFX supports MetaTrader 5 (MT5). Specific counts for chart indicators and watchlist columns aren’t disclosed.
For Trading Platforms and Tools, both Axi and LegacyFX are rated 3.5 out of 5 stars. In ForexBrokers.com’s category rankings, Axi is listed at #64 out of 63 brokers, while LegacyFX is #61 out of 63.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Axi and LegacyFX both offer iPhone and Android apps, along with stock or forex price alerts. Each mobile app includes 30 technical studies for charting and lets you draw trendlines. A key difference: LegacyFX auto-saves your chart drawings, while Axi does not. Neither broker syncs watchlists between the mobile app and your online account, so edits made in one place won’t appear in the other.
Both brokers earn 3.5 out of 5 stars for their mobile trading apps. In ForexBrokers.com’s rankings of 63 brokers, Axi is placed at 60 while LegacyFX is at 62, giving Axi a slight edge overall. If auto-saving chart drawings is important, LegacyFX may suit you better; if a marginally higher ranking matters, Axi nudges ahead.
| Feature |
Axi
|
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.
Axi and LegacyFX both cover the basics of market research for traders: each provides forex news from top-tier sources like Bloomberg/Reuters-style feeds, supports Autochartist for technical ideas, and includes an economic calendar. Neither broker lists Trading Central. Where they differ is in day-to-day insights and overall ratings. LegacyFX publishes daily market commentary and earns 3.5 out of 5 stars for Research (ranked 47th of 63 by ForexBrokers.com), while Axi does not publish daily commentary and holds 3 out of 5 stars (ranked 56th of 63).
Tool-wise, Axi stands out with a sentiment gauge that shows the ratio of long vs. short positions—useful for gauging crowd behavior—while LegacyFX does not offer this feature. Availability of TipRanks and Acuity Trading tools isn’t specified for either broker. If you value daily written insights, LegacyFX has the edge; if you prefer sentiment-driven signals alongside headline news and Autochartist, Axi may suit you.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Axi and LegacyFX both give beginner traders plenty of forex and CFD education, including monthly live webinars and a library of beginner video lessons (10 or more). If you’re just starting out, either broker can help you learn the basics with videos and regular online sessions. The key difference shows up as you progress: LegacyFX also offers 10+ advanced video lessons for experienced traders, while Axi does not, making LegacyFX the better fit if you expect to dive into more complex strategies later.
In independent reviews, Axi’s education is rated 3 stars and ranks 27th out of 63 brokers at ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks 35th. In short, LegacyFX edges ahead for the depth of its video education, especially for advanced topics, whereas Axi holds a higher placement in the education category overall. Choose LegacyFX if you want a deeper video catalog as you grow, or Axi if you prefer a provider that still scores well and keeps things focused on beginner-friendly learning and ongoing webinars.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | 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 Axi is better than LegacyFX. Axi finished with an overall rank of #49, while LegacyFX finished with an overall rank of #63.
Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available and a limited range of investment products, Axi lags behind the best multi-asset brokers.
| Feature |
Axi
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LegacyFX
|
|---|---|---|
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| Trust Score | 82 | 67 |
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In the Axi vs LegacyFX comparison for cryptocurrency trading, neither broker lets you buy actual (delivered) crypto, but both offer the ability to trade cryptocurrency via CFDs.
Comparing online brokers Axi and LegacyFX for deposit and withdrawal methods, both do not support ACH or SEPA transfers, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire transfers is not specified in the provided information.
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 | Axi | LegacyFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Axi | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | Axi | LegacyFX | |
|---|---|---|---|
| Trust Score | 82 | 67 | |
| Year Founded | 2007 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Axi | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | 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) | Axi | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Axi | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 175 | 425 | |
| Forex Pairs (Total) | 65 | 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 | Axi | 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 | Axi | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | Axi | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Axi | 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 | Axi | 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 | No | Yes |
| Research | Axi | 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Axi | 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 | Axi | LegacyFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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