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 it comes to commissions and fees, Capital.com stands out with a slight edge over the industry average. It provides a universal account for retail traders and a professional account option, although the latter does not offer the same level of regulatory protection. Capital.com boasts an average spread of 0.67 pips for EUR/USD, confirmed to be 0.6712 as of April 2024, making it an attractive option for low-cost forex trading. It achieves an excellent rating of 5 stars and ranks #3 out of 62 brokers according to ForexBrokers.com.
LegacyFX offers a variety of accounts, tailored to where traders are located. For traders in the EU through their CySEC-regulated entity, there are three account tiers: Silver, Gold, and Platinum, requiring minimum deposits of $500, $5,000, and $25,000 respectively. The Platinum account features the lowest spreads, while the Silver account has notably higher costs, with EUR/USD spreads starting at 1.6 pips. Average spreads aren't disclosed, which raises questions about the transparency of trading costs.
Internationally, LegacyFX via its Vanuatu entity provides seven account types, from Standard with a $500 minimum deposit to VIP at $50,000. Account selection influences the level of client support and access to tools, but the true trading costs remain unclear. With a commissions and fees rating of 3.5 stars and ranking #56 out of 62 brokers, LegacyFX falls behind when compared to top competitors like Capital.com.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $20 | $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.
Capital.com and LegacyFX both offer forex trading through CFDs or spot contracts, making them viable options for currency trading enthusiasts. However, Capital.com significantly outpaces LegacyFX in the sheer volume of tradeable symbols available, offering a staggering 3,007 symbols compared to LegacyFX's 425. In the realm of forex pairs, Capital.com also leads with 125 pairs, while LegacyFX features 44. Neither broker allows clients to invest directly in exchange-traded securities on U.S. or international exchanges, nor do they offer the ability to buy actual cryptocurrencies. They do, however, both provide options for trading cryptocurrency derivatives.
While both platforms have similar limitations in some investment areas, differences exist in other services. Capital.com does not offer copy trading, whereas LegacyFX accommodates this feature, allowing traders to mimic the strategies of others. However, when it comes to overall range of investments, Capital.com is rated higher with 4.5 stars compared to LegacyFX's 3.5 stars, and is ranked 22nd out of 62 brokers by ForexBrokers.com in this category. In contrast, LegacyFX is positioned at 48th. These differences highlight Capital.com as a more versatile platform for those seeking a broader range of investment opportunities.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3007 | 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 it comes to trading platforms and tools, Capital.com and LegacyFX both offer a range of features, but they cater to different needs. Capital.com provides a proprietary platform developed in-house, giving traders a unique experience tailored by the broker. This platform offers a Windows-based desktop application as well as a web-based option for flexibility. While both brokers offer a free virtual demo account for simulated trading, Capital.com stands out with the inclusion of MetaTrader 4, whereas LegacyFX features MetaTrader 5. In terms of technical functionality, Capital.com offers more drawing tools at 18 compared to LegacyFX's 15, helping traders better analyze their charts. Additionally, both brokers let traders make trades directly from stock charts, enhancing ease of use.
LegacyFX offers unique features like copy trading, which Capital.com does not provide, catering to traders interested in mirror trading strategies. However, when it comes to watch list customization, Capital.com allows for more detailed insights with 11 columns, compared to 7 on LegacyFX. In the trading platforms and tools category, Capital.com receives a higher rating from users with 4.5 stars and ranks #11 among 62 brokers on ForexBrokers.com, highlighting its stronger platform offerings compared to LegacyFX's 3.5-star rating and #59 ranking. These distinctions make Capital.com a more highly-regarded choice according to independent reviews and rankings.
| 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) | 83 | 30 |
| Charting - Drawing Tools (Total) | 18 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Capital.com and LegacyFX provide mobile apps for iPhone and Android users, making it convenient for traders on the go. They both offer crucial features like stock and forex price alerts, as well as the ability to draw trendlines and view multiple time frames on charts. With 30 technical studies each, traders can engage in detailed analysis directly from their mobile devices. Both platforms enable users to create watchlists with real-time quotes. However, neither app offers the convenience of watchlist symbol syncing between their mobile and online platforms.
When it comes to user reviews and rankings, Capital.com stands out with a 4.5-star rating, placing it at #12 out of 62 brokers in the ForexBrokers.com Mobile Trading Apps category. In contrast, LegacyFX holds a 3.5-star rating and ranks much lower at #60. Both apps automatically save chart drawings, offering an added layer of convenience for those managing multiple investments. Despite similarities in functionality, Capital.com edges out with its higher user satisfaction and industry ranking.
| 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.
When comparing Capital.com and LegacyFX, both platforms provide daily market commentary to keep traders informed. However, LegacyFX has an edge with its access to forex news from top-tier sources like Bloomberg and Reuters, which is absent in Capital.com's offerings. For traders seeking advanced analysis tools, LegacyFX also stands out by offering resources from Autochartist, a feature not available with Capital.com. Both brokers lack research tools from Trading Central and Acuity Trading, so there's no distinction there.
Capital.com, however, compensates with its sentiment-based trading tools, allowing visibility into long and short positions across various instruments—a feature LegacyFX lacks. Additionally, Capital.com benefits from integrating market research from TipRanks, giving it another advantage over LegacyFX. Both platforms provide an economic calendar to track global news events, ensuring traders are well-prepared for market movements. Overall, Capital.com earns a higher rating of 4.5 stars for research and ranks 14th among 62 brokers, while LegacyFX is rated 3.5 stars, ranking at 45th according to ForexBrokers.com.
| Feature |
Capital.com
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | 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 it comes to educational resources for beginners, both Capital.com and LegacyFX provide ample content dedicated to forex and CFDs education, boasting over 10 pieces each, including articles, videos, and archived webinars. For those eager to learn through online webinars, Capital.com falls short by not hosting live educational sessions each month, while LegacyFX stands out by offering these regularly. Both platforms, however, do maintain a searchable archive of previous webinars, allowing learners to revisit past sessions for additional insights.
Both brokers cater to beginners with an extensive collection of educational videos and include advanced topics for seasoned traders. Additionally, their investor dictionaries cover over 50 investing terms, making it easier for newcomers to understand trading jargon. Despite these similarities, Capital.com outshines with a higher education rating of 4.5 stars compared to LegacyFX's 3.5 stars. Reflecting its educational prowess, Capital.com ranks #8 out of 62 brokers in the Education category on ForexBrokers.com, significantly ahead of LegacyFX, which is positioned at #35.
| 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 62 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 #62.
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
|
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) | 3007 | 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 | $20 | $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) | 83 | 30 | |
| Charting - Drawing Tools (Total) | 18 | 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) | No | 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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