Written by ForexBrokers.com
In this head to head comparison of BDSwiss 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.
BDSwiss and LegacyFX, both established in 2012, offer services as online brokers without being publicly traded or operating as banks. When it comes to regulatory trust, BDSwiss holds a slight edge with a Tier-1 license, the highest level of trust recognized by ForexBrokers.com. Similarly, LegacyFX also possesses a Tier-1 license. Neither broker has any Tier-2 licenses, which are still considered a sign of trust according to the rating system used by ForexBrokers.com.
In terms of overall trust and risk assessment, BDSwiss secures a Trust Score of 73 out of 99, categorizing it at an average risk level. On the other hand, LegacyFX has a Trust Score of 67, placing it in the high-risk category. These scores reflect the perceived reliability and regulatory compliance of each broker, providing potential investors with an insightful comparison for making informed decisions.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Year Founded | 2012 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
BDSwiss and LegacyFX differ notably on pricing transparency and typical costs. For Commissions and Fees, BDSwiss is rated 4 out of 5 stars and ranks #31 of 63 brokers by ForexBrokers.com, while LegacyFX is rated 3.5 out of 5 stars and ranks #58 of 63. BDSwiss publishes clear spread and commission details across accounts; LegacyFX does not provide average spreads, making real-world trading costs harder to assess.
With BDSwiss, spreads are generally higher than the cheapest brokers. The Classic account lists a 1.5‑pip spread on EUR/USD, which is pricey. The Raw account quotes 0.3 pips plus a $5 commission per side (about a 1.3‑pip effective cost), and the VIP account lists 1.2 pips. Order execution statistics are good, but if you’re cost‑focused, the Raw or VIP tiers are meaningfully cheaper than Classic.
LegacyFX’s fees depend on which entity you use and the account tier. In the EU (CySEC), there are Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000. Advertised spreads are lowest on Platinum and higher on Gold, while Silver can be expensive, with a minimum spread on EUR/USD as high as 1.6 pips. For international clients (Vanuatu), there are seven tiers from Standard ($500) up to VIP ($50,000). These tiers also gate access to support and tools, but because average spreads aren’t published, it’s difficult to estimate typical commission-and-fee costs across the range.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $10-$5000 | $500 |
| Average Spread EUR/USD - Standard | 1.6 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | 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.
BDSwiss offers a wider range of investments than LegacyFX, with 1,081 tradeable symbols compared to LegacyFX’s 425. Both brokers support forex trading (via CFDs or spot), with BDSwiss listing 53 forex pairs versus 44 at LegacyFX. Each provides copy trading and access to cryptocurrency derivatives, but neither lets you buy actual crypto or direct, exchange-listed shares in the U.S. or abroad (non-CFD stocks are not available).
For Range of Investments, BDSwiss is rated 4 stars and ranks 35th out of 63 brokers by ForexBrokers.com, while LegacyFX is rated 3.5 stars and ranks 49th. In short, BDSwiss offers a broader selection of markets, while LegacyFX still covers the essentials with forex, copy trading, and crypto derivatives.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1081 | 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.
BDSwiss and LegacyFX both offer free demo accounts for paper trading, plus web-based and Windows desktop platforms. Each supports copy trading and lets you place orders directly from charts. BDSwiss adds a proprietary platform and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5). LegacyFX supports MT5 but not MT4 and does not offer its own in-house platform. Counts for indicators, drawing tools, and watchlist fields aren’t specified.
For trading platforms and tools, BDSwiss is rated 4 stars versus LegacyFX at 3.5 stars. In the ForexBrokers.com rankings out of 63 brokers, BDSwiss comes in at #24, while LegacyFX is #61—signaling that BDSwiss delivers a more complete platform lineup for most traders.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BDSwiss and LegacyFX both check the core boxes for a modern mobile trading app: iPhone and Android support, real-time watchlists, price alerts, 30 built-in technical studies, trendline drawing, multiple time frames, and auto‑saved chart drawings. If you rely on syncing watchlists between mobile and the web platform, note that neither app supports cross-device watchlist syncing.
Where they differ is in quality scores. ForexBrokers.com rates BDSwiss at 4 stars and ranks it #24 out of 63 brokers for Mobile Trading Apps, while LegacyFX earns 3.5 stars and sits at #62. In short, both apps deliver the essentials, but BDSwiss tends to earn stronger reviews and a higher industry ranking, making it the better pick if app experience is a priority.
| Feature |
BDSwiss
|
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 | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BDSwiss and LegacyFX both cover the basics for market research, offering daily market commentary, an economic calendar, and chart pattern tools from Autochartist. They split on third-party extras: LegacyFX streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while BDSwiss does not. On the flip side, BDSwiss includes Trading Central analytics, which LegacyFX lacks. Neither broker offers a built-in sentiment tool. BDSwiss does not provide TipRanks or Acuity Trading tools; for LegacyFX, availability of TipRanks and Acuity is not specified.
For overall research quality, BDSwiss earns 4 stars and ranks 24th out of 63 brokers, while LegacyFX is rated 3.5 stars and ranks 47th (ForexBrokers.com). Choose BDSwiss if you want Trading Central insights, or go with LegacyFX if integrated premium news headlines matter more to you.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re new to forex and CFDs, both BDSwiss and LegacyFX offer beginner-friendly education. Each runs at least one client webinar per month and provides 10+ beginner videos, plus 10+ advanced videos for when you’re ready to go deeper. It wasn’t specified whether either broker meets the broader benchmark of 10+ total forex/CFD educational pieces across formats, and we don’t have confirmation about searchable archives of recorded webinars or the availability of an investor dictionary with 50+ terms.
In independent testing by ForexBrokers.com, BDSwiss earned 4 stars for Education and ranked #22 out of 63 brokers, while LegacyFX earned 3.5 stars and ranked #35. That slight edge suggests BDSwiss may be the stronger pick for most beginners seeking steady webinars and a deep lineup of video lessons. LegacyFX still offers comparable webinar frequency and video coverage. If access to recorded webinar archives or an on-site investing glossary matters to you, check each broker’s website for the latest details before opening an account.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | Yes |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that BDSwiss is better than LegacyFX. BDSwiss finished with an overall rank of #36, while LegacyFX finished with an overall rank of #63.
The BDSwiss brand caters to over 1.6 million registered forex and CFD traders, and offers the full MetaTrader platform suite alongside its own proprietary mobile app. BDSwiss demonstrates good order execution statistics and provides access to over 1,000 tradable symbols – though its spreads are higher than industry leaders.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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BDSwiss and LegacyFX both provide the option to purchase cryptocurrency derivatives rather than actual cryptocurrencies, but neither offers the ability to buy and have cryptocurrencies delivered.
When comparing online brokers BDSwiss and LegacyFX, BDSwiss provides more versatility with funding options, offering ACH and SEPA transfers, unlike LegacyFX, both support Skrill, Visa, Mastercard, and bank wires, but neither support PayPal.
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 | BDSwiss | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | LegacyFX Review |
| Broker Screenshots | BDSwiss | LegacyFX | |
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| Regulation | BDSwiss | LegacyFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 2012 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | BDSwiss | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | BDSwiss | 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 | BDSwiss | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1081 | 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 | BDSwiss | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | No | Yes |
| Funding | BDSwiss | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10-$5000 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | BDSwiss | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading 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 [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | BDSwiss | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BDSwiss | 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 | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BDSwiss | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | Yes | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | BDSwiss | 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 | BDSwiss Review | LegacyFX Review |
| Overall | BDSwiss | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | LegacyFX Review |
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