Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets 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.
BlackBull Markets, established in 2014, and LegacyFX, founded in 2012, are both online brokers not publicly traded or recognized as banks. Both companies hold one Tier-1 license, indicating a high level of trust, according to ForexBrokers.com. Despite their similar regulatory standing, BlackBull Markets boasts a Trust Score of 78, positioning it as an average risk broker. Meanwhile, LegacyFX has a Trust Score of 67, categorizing it as a high-risk broker by the same standards.
While neither broker holds any Tier-2 licenses, BlackBull Markets appears to offer a slightly more trustworthy profile based on industry ratings. The differences in Trust Scores highlight the importance of evaluating regulatory credentials alongside broker offerings. Potential users should consider these factors when assessing the suitability of either BlackBull Markets or LegacyFX for their trading needs.
| Feature |
BlackBull Markets
|
LegacyFX
|
|---|---|---|
| Year Founded | 2014 | 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 | 1 | 1 |
Comparing commissions and fees, BlackBull Markets offers clearer, more data-driven pricing than LegacyFX. BlackBull earns 4.5 out of 5 stars for commissions and fees and ranks #19 out of 63 brokers at ForexBrokers.com, thanks to published average spreads and straightforward commission tiers. LegacyFX, by contrast, receives 3.5 out of 5 stars and ranks #58 out of 63, largely because it does not publish average spreads, making it harder to estimate real trading costs.
At BlackBull Markets, costs vary by account. The Standard account is commission-free with higher spreads and no minimum deposit. The Prime account requires a $2,000 minimum but delivers lower spreads plus a $3 per side ($6 round turn) commission; in March 2024, the EUR/USD averaged 0.16 pips on Prime, for an all-in cost of about 0.76 pips including commission. Active traders can opt for the ECN Institutional account with a $20,000 minimum and lower commissions of $2 per side ($4 round turn).
LegacyFX pricing depends on which entity you use and the account tier you choose. In the EU (CySEC), Silver, Gold, and Platinum accounts require $500, $5,000, and $25,000, respectively, with spreads tightening as you move up—Silver’s minimum EUR/USD spread can be as high as 1.6 pips. Internationally (Vanuatu), seven tiers run from $500 to $50,000, with higher tiers unlocking more services and tools. Because LegacyFX does not publish average spreads, its true all-in costs are less transparent than BlackBull’s.
| Feature |
BlackBull Markets
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | 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.
When it comes to the range of investments, BlackBull Markets offers far more choice than LegacyFX. BlackBull lists about 26,000 tradeable symbols versus 425 at LegacyFX, and 72 forex pairs compared with LegacyFX’s 44. Both brokers support forex trading (via CFDs or spot, depending on the instrument) and both provide copy trading.
Stock access is a key difference: BlackBull lets clients buy exchange-traded shares on U.S. and international markets, while LegacyFX does not offer exchange-traded stocks. For crypto, neither broker sells delivered coins, but both offer cryptocurrency derivatives. Reflecting these gaps, BlackBull earns 5 stars for Range of Investments and ranks #6 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #49. If you want the widest selection of markets and symbols, BlackBull Markets is the stronger fit; LegacyFX may suit traders who are comfortable with a smaller lineup.
| Feature |
BlackBull Markets
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 425 |
| Forex Pairs (Total) | 72 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
Comparing trading platforms and tools, both BlackBull Markets and LegacyFX check key boxes: each provides a free demo account, Windows desktop and web platforms, and copy trading. Neither offers its own in-house platform, relying instead on third‑party options. Here the paths diverge—BlackBull supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX supports MT5 only. For social trading extras, BlackBull integrates ZuluTrade, whereas LegacyFX does not; neither broker offers DupliTrade.
For charting, BlackBull lists 60 drawing tools versus 15 at LegacyFX, and both let you place trades directly from charts. Watchlists offer 6 fields at BlackBull and 7 at LegacyFX. Based on ForexBrokers.com’s Trading Platforms and Tools ratings, BlackBull earns 4 stars and ranks 31st out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 61st. In short, BlackBull is the better fit if you want MT4 and ZuluTrade alongside MT5, while LegacyFX may suit traders who are fine with MT5 and prefer a slightly more detailed watchlist.
| Feature |
BlackBull Markets
|
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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and LegacyFX both offer mobile trading apps for iPhone and Android, with essentials covered for active traders. Each app includes price alerts for stocks and forex, real-time quote watchlists, 30 technical studies for charting, trendline drawing, multiple time frames (intraday to longer-term), and auto-saved chart annotations. The key difference is syncing: BlackBull Markets syncs watchlists with your online account so changes carry over between mobile and web, while LegacyFX does not offer watchlist syncing.
In independent ratings, BlackBull Markets scores 4 stars and ranks #33 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. LegacyFX earns 3.5 stars and ranks #62 out of 63. If cross-device watchlist syncing and a higher-rated app matter to you, BlackBull Markets has the edge; if you only need core charting and alerts, both apps will do the job.
| Feature |
BlackBull Markets
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
Both BlackBull Markets and LegacyFX deliver daily market commentary and an easy-to-browse economic calendar, and each integrates Autochartist for technical setups. Neither broker offers Trading Central. Where they differ is in news and sentiment: LegacyFX streams forex headlines from top-tier sources like Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not. On the flip side, BlackBull includes a sentiment tool that shows long vs. short positioning across instruments, which LegacyFX lacks. BlackBull does not include TipRanks or Acuity Trading; LegacyFX’s support for those providers isn’t clearly stated.
For overall research quality, BlackBull Markets earns 4 stars and ranks #18 out of 63 brokers at ForexBrokers.com, while LegacyFX receives 3.5 stars and ranks #47. If you want integrated pro news, LegacyFX is the better fit; if trader sentiment insights matter more, BlackBull Markets has the edge.
| Feature |
BlackBull Markets
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets and LegacyFX both offer valuable content to help new traders learn the ropes of forex and CFD trading. Both brokers provide a minimum of 10 educational pieces, including articles, videos, and archived webinars, focusing primarily on forex and CFDs. Additionally, they each offer online webinars for their clients at least once a month, ensuring ongoing learning opportunities. If you're interested in revisiting past webinars, both brokers supply a searchable archive of previously recorded sessions, making it simple to find the information you need at your convenience.
For those looking for video content tailored to beginners, both BlackBull Markets and LegacyFX deliver by providing at least 10 beginner-friendly educational videos. They extend this offer to advanced traders as well, with at least 10 videos covering topics suited for more experienced individuals. To further aid in understanding complex trading language, both brokers maintain an investor dictionary with over 50 investing terms. However, when rated for education, BlackBull Markets edges out with a 4-star rating compared to LegacyFX's 3.5 stars. According to ForexBrokers.com, BlackBull Markets ranks higher at 29th, while LegacyFX holds the 35th position out of 63 brokers in the education category. Whether you're just starting or looking to deepen your knowledge, both brokers provide a range of resources to support your trading journey.
| Feature |
BlackBull Markets
|
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 BlackBull Markets is better than LegacyFX. BlackBull Markets finished with an overall rank of #24, while LegacyFX finished with an overall rank of #63.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 67 |
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Both BlackBull Markets and LegacyFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to buy cryptocurrency derivatives, allowing investors to engage in crypto trading without owning the actual digital currency.
Both BlackBull Markets and LegacyFX provide similar funding options, allowing deposits and withdrawals via Skrill, Visa/Mastercard, and bank wires, but neither broker supports ACH, SEPA transfers, or PayPal as payment methods.
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 | BlackBull Markets | LegacyFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | LegacyFX Review |
| Broker Screenshots | BlackBull Markets | LegacyFX | |
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| Regulation | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Trust Score | 78 | 67 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | 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) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 425 | |
| Forex Pairs (Total) | 72 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | 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 | BlackBull Markets | 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) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | 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 | BlackBull Markets | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | 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 | BlackBull Markets | 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 | BlackBull Markets Review | LegacyFX Review |
| Overall | BlackBull Markets | LegacyFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | LegacyFX Review |
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