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 | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | 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.
Axi and LegacyFX both support forex trading either as CFDs or spot contracts. When it comes to selection, LegacyFX lists about 425 tradeable symbols versus Axi’s 175, which can appeal if you want access to a wider set of markets. However, Axi counters with more currency choice: 65 forex pairs compared with 44 at LegacyFX. In short, pick Axi if you prioritize forex variety, and consider LegacyFX if you want more overall instruments to browse.
Neither broker offers direct share dealing on U.S. or international exchanges, and neither lets you buy actual cryptocurrency, though both provide cryptocurrency derivatives and offer copy trading. For Range of Investments, both earn 3.5 out of 5 stars. In ForexBrokers.com’s ranking of 63 brokers, Axi places #57 while LegacyFX ranks #49, reflecting a slight edge to LegacyFX for breadth.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 175 | 425 |
| Forex Pairs (Total) | 65 | 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.
Axi vs LegacyFX: both brokers offer a free demo account, web-based trading, and a Windows desktop platform. Neither has a proprietary platform. The key difference is MetaTrader support. Axi offers MetaTrader 4 (MT4) but not MT5, while LegacyFX offers MetaTrader 5 (MT5) but not MT4. Both support copy trading; Axi integrates with ZuluTrade, whereas LegacyFX does not. Neither supports DupliTrade.
For trading tools, each broker allows trading directly from charts, includes 15 drawing tools, and offers watch lists with 7 columns. According to ForexBrokers.com, both Axi and LegacyFX earn 3.5 out of 5 stars for Trading Platforms and Tools, with LegacyFX ranked slightly higher overall (#61) than Axi (#64).
| Feature |
Axi
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | 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.
Axi and LegacyFX both check the core boxes for mobile trading: each offers iPhone and Android apps, real-time quote watchlists, and price alerts for forex and stocks. Their charting tools are on par, with 30 technical studies, the ability to draw trendlines, and multiple time frames (intraday to weekly). One shared drawback is that watchlists don’t sync between the mobile app and the online account, so changes made in one place won’t carry over.
The key difference is chart annotation persistence: LegacyFX saves your drawing edits automatically, while Axi does not. In terms of quality signals, both receive 3.5 out of 5 stars for Mobile Trading Apps. Looking at rankings from ForexBrokers.com, Axi sits at #60 of 63 brokers, edging LegacyFX at #62. If you value saved drawings, LegacyFX has the slight feature advantage; if rankings matter more, Axi holds a narrow lead.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
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 | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners interested in forex and CFDs, both Axi and LegacyFX offer a broad selection of materials. Both platforms provide more than ten educational pieces, including articles, videos, and webinars focused on forex and CFDs, making them valuable for newcomers eager to learn. Additionally, both brokers conduct at least one online educational webinar monthly to enhance client knowledge. While Axi provides a sizable collection of beginner videos, LegacyFX complements its offering by providing an archive of past webinars that users can search to find specific content.
LegacyFX stands out for more advanced learners by offering at least ten advanced videos on trading topics, a feature that Axi currently does not provide. Both brokers offer an investor dictionary with comprehensive definitions of over 50 investing terms. Overall, Axi is rated 3 stars for education, ranking it #27 out of 63 brokers on ForexBrokers.com, whereas LegacyFX receives a slightly higher rating of 3.5 stars, although it ranks #35 in the education category. This ranking suggests that while both brokers provide valuable educational tools, their offerings cater to slightly different user needs.
| Feature |
Axi
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | 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 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
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 82 | 67 |
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Both Axi and LegacyFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Axi and LegacyFX, neither offers ACH or SEPA transfers, nor PayPal for depositing or withdrawing funds, while both support Skrill, Visa or Mastercard, and bank wire options for seamless financial transactions.
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/Central Bank 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. 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 | Axi | 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 | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Axi | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Axi | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Axi | 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 | Axi | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Axi | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Axi | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Axi | 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 | Axi | LegacyFX | |
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| Trust Score | 82 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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