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City Index vs LegacyFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
LegacyFX
3.5/5 Stars Overall
  • Minimum Deposit: $500
  • Trust Score: 67
  • Tradeable Symbols (Total): 425

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.

Regulation

City Index, established in 1983, is a highly regarded online broker known for its strong regulatory standing. It holds an impressive 7 Tier-1 licenses, indicating a high level of trustworthiness with a ForexBrokers.com Trust Score of 99 out of 99. Being publicly traded further enhances its credibility and appeal to traders looking for a well-regulated and reliable platform.

In contrast, LegacyFX, founded in 2012, holds just 1 Tier-1 license and has a Trust Score of 67, categorizing it within the high-risk range as per ForexBrokers.com. Unlike City Index, LegacyFX is not publicly traded, which may affect investor confidence. While both do not operate as banks, their regulatory statuses differ significantly, with City Index offering a more secure trading environment.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Year Founded info 1983 2012
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

City Index generally delivers industry-average commissions and fees for CFDs, forex, and spread-betting, with transparent pricing and active-trader perks. In our ratings, City Index scores 4.5 out of 5 stars and ranks #15 out of 63 brokers for Commissions and Fees. By comparison, LegacyFX lacks published average spread data, making it harder to judge total trading costs. LegacyFX earns 3.5 out of 5 stars and ranks #58 out of 63 in the same category.

For City Index, the average EUR/USD spread was 0.74 pips as of July 2023—roughly in line with the market, though not as low as the very cheapest brokers. You’ll typically get the best pricing on City Index’s own platforms or MetaTrader. High-volume and higher-balance traders may benefit from the Premium Trader account (available from a £10,000 deposit) for exclusive pricing and service. City Index also offers tiered rebates: in the U.K., £4 per million traded above £25M monthly, up to £7.5 per million above £300M; in Australia, AUD $4.5 to $14.5 per million depending on tier.

LegacyFX’s fees depend on which entity you use. In the EU (CySEC-regulated), three accounts—Silver ($500 min), Gold ($5,000), and Platinum ($25,000)—offer lower advertised spreads as you move up, but the Silver account’s minimum spread starts as high as 1.6 pips on EUR/USD. For international clients (Vanuatu), seven account types range from Standard ($500) to VIP ($50,000), with higher tiers mainly unlocking more support and tools. Because LegacyFX does not publish average spreads, it’s difficult to estimate all-in costs across markets and account types.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Minimum Deposit info £100.00 $500
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs LegacyFX: when it comes to the range of investments, City Index offers far more choice with 13,500 tradeable symbols compared to LegacyFX’s 425. City Index also lists 66 forex pairs versus 44 at LegacyFX. Both brokers support forex trading via CFDs or spot, offer cryptocurrency trading through CFDs (not actual coins), and provide copy trading. Neither broker lets you buy exchange-traded shares on U.S. or international stock exchanges.

For breadth, City Index stands out with a 5/5 rating for Range of Investments and a #8 ranking out of 63 brokers on ForexBrokers.com. LegacyFX earns 3.5/5 and ranks #49. If you want more markets and forex pairs under one roof, City Index has the wider lineup, while LegacyFX covers the essentials with a smaller selection.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 425
Forex Pairs (Total) info 66 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

City Index vs LegacyFX: both online brokers offer free virtual demo (paper) accounts, plus Windows desktop and web-based platforms with copy trading. City Index also provides its own proprietary, in-house platform, while LegacyFX sticks to third-party platforms. Both brokers let you trade directly from charts, making order placement quick and simple.

Their platform lineups differ: City Index supports MetaTrader 4 (MT4) but not MT5, whereas LegacyFX supports MetaTrader 5 (MT5) but not MT4. For Trading Platforms and Tools, ForexBrokers.com rates City Index 4.5/5 and ranks it 11th out of 63 brokers, while LegacyFX scores 3.5/5 and ranks 61st. Choose City Index if you want an in-house platform and MT4; pick LegacyFX if you prefer MT5.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and LegacyFX both offer iPhone and Android trading apps with price alerts, trendline drawing, and automatic saving of chart annotations. The key difference is watchlist syncing: City Index syncs watchlists between mobile and web, while LegacyFX does not. For charting depth, City Index includes 88 technical studies versus LegacyFX’s 30, giving traders a wider set of indicators to analyze markets on the go.

Ratings and rankings reinforce the gap in mobile experience. City Index earns 4.5 out of 5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com. LegacyFX scores 3.5 stars and ranks #62. If you value stronger chart tools and seamless watchlists, City Index is the more compelling mobile choice, while LegacyFX covers the basics for iPhone and Android users.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index vs LegacyFX for research: both brokers deliver daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar. Their tool sets differ. City Index provides Trading Central and a sentiment tool that shows the ratio of long vs. short positions, but it does not include Autochartist, TipRanks, or Acuity Trading. LegacyFX offers Autochartist for pattern recognition, but does not offer Trading Central or a sentiment tool; TipRanks and Acuity Trading are not specified in the data provided.

Based on the research features and third-party integrations above, City Index earns 4.5 stars and ranks #10 out of 63 brokers for Research at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #47. In simple terms: choose City Index if you value Trading Central insights and sentiment data; pick LegacyFX if Autochartist-driven technical scans are your priority.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index and LegacyFX both make it easy for beginners to learn forex and CFD trading. Each broker provides a full library of education with at least 10 pieces of content, plus monthly client webinars to keep skills fresh. New traders get plenty of step-by-step help thanks to 10+ beginner-focused videos at both brokers, and there’s room to grow with 10+ advanced videos when you’re ready for more.

Where they differ is in overall quality and recognition. City Index earns a higher Education rating (4.5/5) and a stronger category ranking (#9 of 63 on ForexBrokers.com), while LegacyFX sits at 3.5/5 and #35. If you want a deeper education path from first lessons to advanced topics, City Index is the stronger pick. If you mainly need the essentials with regular webinars, LegacyFX also covers the basics well.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than LegacyFX. City Index finished with an overall rank of #8, while LegacyFX finished with an overall rank of #63.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Feature City Index logoCity Index
LegacyFX logoLegacyFX
Overall Rating info 5/5 Stars 3.5/5 Stars
Trust Score info 99 67
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with City Index or LegacyFX?

City Index vs LegacyFX: neither online broker offers the ability to buy actual (delivered) cryptocurrency, but both allow you to trade cryptocurrency CFDs.

What funding options does each broker offer?

Comparing online brokers City Index vs LegacyFX: City Index supports ACH/SEPA transfers, PayPal, and bank wire funding (but not Skrill), while LegacyFX offers Skrill and bank wires (but not ACH/SEPA or PayPal); Visa/Mastercard availability is unspecified for both.

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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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Overall Rating City Index LegacyFX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 67
Winner check_circle
Review City Index Review LegacyFX Review
Broker Screenshots City Index LegacyFX
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
LegacyFX MT5 desktop trading platform LegacyFX MT5 desktop trading platform watchlist LegacyFX MT5 desktop trading platform charts LegacyFX MT5 desktop trading platform signals market
Regulation City Index LegacyFX
Trust Score info 99 67
Year Founded info 1983 2012
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index LegacyFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) City Index LegacyFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 425
Forex Pairs (Total) info 66 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 City Index LegacyFX
Average spread (EUR/USD) - Standard account info 1.4 info N/A
All-in Cost EUR/USD - Active info 0.74 info N/A
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding City Index LegacyFX
Minimum Deposit info £100.00 $500
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index LegacyFX
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools City Index LegacyFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index LegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index LegacyFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index LegacyFX
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs City Index LegacyFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review LegacyFX Review
Overall City Index LegacyFX
Overall Rating info 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 99 67
Winner check_circle
Review City Index Review LegacyFX Review
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