Written by ForexBrokers.com
In this head to head comparison of Capital.com 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 Capital.com and LegacyFX, two online brokers established in 2016 and 2012 respectively, some significant differences in regulatory standing emerge. Capital.com stands out with a Trust Score of 87 from ForexBrokers.com, indicating a "trusted" level of security. It holds three Tier-1 licenses and one Tier-2 license, showcasing its strong regulatory backing. In contrast, LegacyFX has a Trust Score of 67, classifying it as "high risk," supported by only one Tier-1 license and lacking Tier-2 licenses altogether. Neither Capital.com nor LegacyFX are publicly traded companies, and neither operates as a bank.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Year Founded | 2016 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commission and fee structures between Capital.com and LegacyFX, Capital.com stands out as the more cost-effective option. Capital.com offers a universal account strategy, catering to both retail and professional traders, with a dynamic spread of 0.67 pips for EUR/USD. This is notably lower than the industry average, presenting Capital.com as an attractive choice for those seeking low-cost forex trading. Thanks to its competitive pricing, Capital.com receives a perfect 5-star rating and ranks #3 out of 63 brokers in the Commissions and Fees category on ForexBrokers.com.
On the other hand, LegacyFX provides a more varied account structure, with different offerings for its EU and international entities. EU traders can choose from Silver, Gold, and Platinum accounts, with minimum deposits ranging from $500 to $25,000. Still, trading costs can be higher, as evident in the Silver account where the minimum spread for EUR/USD is 1.6 pips. International clients have an even broader choice with seven account types, but the lack of transparency around average spreads may impact clients' ability to accurately assess trading costs. As a result, LegacyFX scores a 3.5-star rating and holds the #57 spot in the Commissions and Fees category according to ForexBrokers.com.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $10 | $500 |
| Average Spread EUR/USD - Standard | 0.67 | N/A |
| All-in Cost EUR/USD - Active | 0.67 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 diversity of investments, Capital.com and LegacyFX present distinct offerings. Capital.com shines with a wide array of investment possibilities, boasting 5,585 tradeable symbols and 125 forex pairs. They offer CFD trading for forex and cryptocurrency derivatives but do not provide options for purchasing exchange-traded securities on either U.S. or international exchanges or buying actual cryptocurrencies. On the other hand, LegacyFX offers 425 tradeable symbols and 44 forex pairs, along with CFD trading for forex and cryptocurrency derivatives. Like Capital.com, LegacyFX does not support the purchase of actual cryptocurrencies or exchange-traded securities but stands out with its copy trading option.
Capital.com's extensive range of tradeable symbols and forex pairs earns it a high rating of 4.5 stars for its range of investments and ranks it at #21 out of 63 brokers by ForexBrokers.com. In contrast, LegacyFX receives a 3.5-star rating and ranks at #48, reflecting its narrower selection. While both platforms provide similar core trading capabilities, Capital.com delivers a broader investment spectrum, making it a strong contender for traders looking for variety. Meanwhile, LegacyFX could appeal to those interested in using copy trading to streamline their strategies.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5585 | 425 |
| Forex Pairs (Total) | 125 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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.
When exploring online trading platforms, Capital.com emerges as a distinct option with its proprietary platform crafted in-house, offering traders a tailored experience. Both Capital.com and LegacyFX provide free virtual demo accounts, allowing users to practice trading without financial risk. They each offer both web-based platforms and Windows desktop downloads, ensuring flexibility in how traders access their accounts. However, only Capital.com provides the popular MetaTrader 4, while LegacyFX supports MetaTrader 5. When it comes to charting tools, Capital.com surpasses LegacyFX significantly, offering an impressive 60 drawing tools compared to LegacyFX's 15, and it also allows trading directly from stock charts, a feature shared by LegacyFX.
A closer look at watch lists reveals Capital.com offers 11 customizable columns, whereas LegacyFX offers 7, allowing for a more detailed organization of monitoring interests. While LegacyFX supports copy trading, a feature not available on Capital.com, the latter is still rated higher with a 4.5-star review for its trading platform and tools. This is due in part to its higher ranking of #10 out of 63 brokers, compared to LegacyFX's #60 ranking by ForexBrokers.com. Such distinctions make Capital.com a compelling choice for traders who prioritize innovative trading tools and an enhanced charting experience.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 97 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Capital.com and LegacyFX offer apps compatible with iPhone and Android devices. They each provide users with key functionalities such as stock or forex price alerts and the ability to draw trendlines on charts. Furthermore, both apps support various time frames on stock or forex charts, ensure your drawings are saved automatically, and let you create watchlists with real-time quotes. However, neither platform offers the capability of syncing watchlist symbols between the mobile app and the online account, which could be a consideration for traders who rely on detailed watchlists.
For technical studies, both Capital.com and LegacyFX offer 30 options for charting within their mobile apps. Despite these similar offerings, Capital.com holds a higher user rating of 4.5 stars compared to LegacyFX's 3.5 stars. In a ranking by ForexBrokers.com, Capital.com stands out significantly, securing the 11th position out of 63 brokers in the Mobile Trading Apps category, whereas LegacyFX trails behind at 61st. For traders seeking a highly-rated and well-ranked mobile trading app, Capital.com might be the preferable choice.
| Feature |
Capital.com
|
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.
Both Capital.com and LegacyFX provide daily market commentary and access to forex news from reputable sources such as Bloomberg and Reuters, ensuring that traders stay informed on the latest market trends. They also offer economic calendars to keep traders updated on global news events. However, the two brokers differ in their research tool offerings. LegacyFX stands out by providing access to Autochartist, a popular technical analysis tool, while Capital.com lacks this feature. Conversely, Capital.com offers sentiment-based trading tools that provide insights into market positioning, a service LegacyFX does not offer. Additionally, Capital.com provides market research from TipRanks, whereas LegacyFX does not have this feature in its toolkit.
When evaluating overall research capabilities, Capital.com is rated at 4.5 out of 5 stars, clearly surpassing LegacyFX, which receives a 3.5-star rating. ForexBrokers.com ranks Capital.com as the 14th out of 63 brokers in the research category, demonstrating its competitive edge over LegacyFX, which is placed at rank 46. This indicates that while both platforms offer essential market commentary and news, Capital.com provides a more comprehensive research experience, combining various advanced tools to assist traders in making informed decisions.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners provided by online brokers Capital.com and LegacyFX, there are several key points to consider. Both brokers offer a substantial collection of educational materials related to forex and CFDs, comprising more than ten pieces including articles, videos, and archived webinars. However, only LegacyFX hosts monthly online educational webinars, enhancing its offerings with real-time learning opportunities. On the other hand, while both brokers provide searchable archives of past webinars, Capital.com edges ahead in beginner support with higher overall ratings for its educational content.
Additionally, both brokers cater to traders of all levels by offering comprehensive video content—more than ten videos each for both beginners and advanced traders. They also both include an investor dictionary with over 50 investing terms, helping traders familiarize themselves with essential jargon. However, when evaluating overall education quality, Capital.com is rated higher with 4.5 stars versus LegacyFX's 3.5 stars. Furthermore, in ForexBrokers.com's rankings, Capital.com is notably placed higher at #8, compared to LegacyFX at #35. This suggests that while both brokers provide valuable educational resources, Capital.com is generally perceived as offering a superior educational experience.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 Capital.com is better than LegacyFX. Capital.com finished with an overall rank of #10, while LegacyFX finished with an overall rank of #63.
Capital.com stands out for its quality research, strong educational content, and innovative web platform. Capital.com holds fewer regulatory licenses and offers a narrower range of markets than some of the best brokers, but still significantly outperforms the industry average.
| Feature |
Capital.com
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 87 | 67 |
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Both Capital.com and LegacyFX do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to purchase cryptocurrency derivatives.
In comparing online brokers, Capital.com and LegacyFX both lack ACH or SEPA transfer options, but while Capital.com supports PayPal for transactions, LegacyFX does not; both platforms offer Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals.
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 | Capital.com | LegacyFX | |
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| Trust Score | 87 | 67 | |
| Winner | check_circle | ||
| Review | Capital.com Review | LegacyFX Review |
| Broker Screenshots | Capital.com | LegacyFX | |
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| Regulation | Capital.com | LegacyFX | |
|---|---|---|---|
| Trust Score | 87 | 67 | |
| Year Founded | 2016 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Capital.com | 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) | 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) | Capital.com | 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 | Capital.com | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5585 | 425 | |
| Forex Pairs (Total) | 125 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | Capital.com | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.67 | N/A | |
| All-in Cost EUR/USD - Active | 0.67 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Capital.com | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Capital.com | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Capital.com | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 97 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Capital.com | 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 | Capital.com | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Capital.com | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | 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 | Capital.com | 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 | Capital.com Review | LegacyFX Review |
| Overall | Capital.com | LegacyFX | |
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| Trust Score | 87 | 67 | |
| Winner | check_circle | ||
| Review | Capital.com Review | LegacyFX Review |
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