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 |
When considering online brokers for your trading needs, comparing the commissions and fees of BDSwiss and LegacyFX is crucial. BDSwiss, with a solid order execution reputation, offers a Classic account with a spread of 1.5 pips on EUR/USD, which may be costly compared to top industry standards. Their Raw account offers a spread of 0.3 pips plus a $5 commission per side, effectively totaling a 1.3 spread, while their VIP account offers a spread of 1.2 pips. In terms of star ratings, BDSwiss scores 4 out of 5 and ranks 30th out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
In contrast, LegacyFX offers a range of account options that change based on the regulatory entity, either in the EU or Vanuatu. For EU residents, LegacyFX provides Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000, respectively. The Platinum account features the lowest spreads, while the Silver account's minimum spread for the EUR/USD can reach 1.6 pips, indicating higher trading costs. For their international Vanuatu entity, LegacyFX provides seven account options with varying levels of support and access to trading tools. However, with no average spread data available, assessing true trading costs can be challenging. LegacyFX is rated at 3.5 stars for commissions and fees and is ranked 57th out of 63 brokers in the same category.
| 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 | Yes | Yes |
| ACH or SEPA Transfers | 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.
When comparing the range of investments offered by BDSwiss and LegacyFX, BDSwiss clearly has a broader selection. BDSwiss provides a substantial array of 1,081 tradeable symbols, headlining with 53 forex pairs available in CFD or spot contracts. This diversity places BDSwiss higher on the competitive scale, offering investors a wider choice. Additionally, BDSwiss includes cryptocurrency derivatives as part of its offerings, complementing its trading portfolio. It stands out with a 4-star rating for its range of investments and is ranked #34 out of 63 brokers by ForexBrokers.com.
LegacyFX, on the other hand, presents traders with 425 tradeable symbols, including 44 forex pairs available through CFDs or spot contracts. Like BDSwiss, LegacyFX supports cryptocurrency derivatives but does not handle actual cryptocurrencies, exchange-traded securities on U.S. or international exchanges. Despite this, LegacyFX maintains a competitive edge with its offerings, such as copy trading features. It holds a 3.5-star rating for its range of investments and is ranked #48 in the same category by ForexBrokers.com, providing traders a solid, albeit slightly more limited, selection compared to BDSwiss.
| 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 provide a comprehensive suite of trading platforms and tools designed to cater to various trading styles and preferences. They both offer free virtual demo accounts, enabling users to practice trading without financial risk. While both brokers support web-based platforms and Windows-based desktop downloads, BDSwiss offers a proprietary platform for a personalized trading experience, whereas LegacyFX relies on third-party platforms. Additionally, BDSwiss supports both MetaTrader 4 and MetaTrader 5, while LegacyFX only supports MetaTrader 5. This provides BDSwiss users with more options to choose from when selecting trading platforms.
In terms of additional tools, both brokers support copy trading, allowing traders to mimic the actions of experienced traders. They also offer the ability to trade directly from a stock chart and provide the same number of drawing tools and watch list fields. However, BDSwiss earns a slightly higher rating of 4 stars for its trading platforms and tools, compared to LegacyFX's 3.5 stars, and is ranked higher by ForexBrokers.com, coming in at #24 compared to LegacyFX's rank of #60 among 63 brokers. This ranking suggests that when it comes to trading platforms and tools, BDSwiss might offer a more versatile and advanced trading environment.
| Feature |
BDSwiss
|
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 | No | No |
| ZuluTrade | No | 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.
BDSwiss and LegacyFX both offer their trading apps on iPhone and Android, ensuring accessibility for users on these popular platforms. When it comes to features, both brokers provide stock and forex price alerts and allow drawing trendlines on charts, a useful tool for more strategic trading. Each app supports up to 30 technical studies for charting, offering comprehensive analysis at your fingertips. Both BDSwiss and LegacyFX also allow users to view various time frames for their charts and have the capability to auto-save chart drawings, enhancing the user experience.
While neither broker offers watchlist symbol syncing, which means watchlists in the mobile app do not sync with the user's online account, they both offer the creation of watchlists with real-time quotes. However, when considering customer satisfaction and recognition within the industry, BDSwiss holds an advantage. Rated at four stars out of five, BDSwiss ranks #24 among 63 brokers for mobile trading apps according to ForexBrokers.com. In contrast, LegacyFX is rated 3.5 stars and ranks at #61, suggesting that users might find BDSwiss to be a slightly more preferred option for mobile trading.
| 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.
In comparing the market research offerings of BDSwiss and LegacyFX, both brokers provide daily market commentary and include tools from Autochartist for technical or fundamental analysis. However, BDSwiss stands out with its inclusion of Trading Central tools, whereas LegacyFX does not offer this feature. When it comes to forex news from top-tier sources like Bloomberg or Reuters, LegacyFX provides this crucial service, setting it apart from BDSwiss in this area. Both platforms also offer an economic calendar to help investors keep track of global events and their potential impact on the market.
Despite the similarities in some areas, BDSwiss edges out in overall research quality with a 4-star rating compared to LegacyFX's 3.5-star rating. On ForexBrokers.com, BDSwiss holds a higher rank at #24 out of 63 brokers, while LegacyFX comes in at #46. Both platforms show gaps in certain research areas, such as offering sentiment-based trading tools or research tools from TipRanks and Acuity Trading. However, the specific strengths of each may appeal to different types of traders depending on their research needs and preferences.
| Feature |
BDSwiss
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BDSwiss and LegacyFX both offer a wealth of educational resources designed to cater to both beginners and more experienced traders. They each provide over ten educational materials, including articles, videos, and archived webinars that focus on forex and CFDs. Additionally, both platforms conduct monthly webinars to keep their clients informed, and they maintain searchable archives of past webinars. For those just starting, BDSwiss and LegacyFX offer more than ten beginner-focused trading videos, ensuring ample opportunity to grasp fundamental concepts. Advanced traders aren't left out either; both brokers present over ten videos covering more complex trading topics.
In terms of additional resources, BDSwiss and LegacyFX each boast an investor dictionary, offering definitions for at least 50 trading-related terms, helping users to navigate the often complex financial vocabulary. When we look at how these brokers stack up in terms of educational quality, BDSwiss comes in slightly ahead with a 4-star rating compared to LegacyFX's 3.5 stars. According to rankings by ForexBrokers.com, BDSwiss is rated 19th out of 63 brokers for its educational offerings, while LegacyFX is positioned at 35th. This comparison may tip the scales for those prioritizing comprehensive educational support in their trading journey.
| Feature |
BDSwiss
|
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 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 |
|
|
| Trust Score | 73 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BDSwiss | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | LegacyFX Review |
| Broker Screenshots | BDSwiss | LegacyFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | Yes | Yes | |
| 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 | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | BDSwiss | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | BDSwiss | 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 | 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 | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | BDSwiss | 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 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | BDSwiss Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
