Written by ForexBrokers.com
In this head to head comparison of Earn 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.
Earn and LegacyFX are both online brokers with distinct backgrounds and regulatory standings. Earn was established in 1994, making it a long-standing player in the financial services sector, while LegacyFX is relatively newer, having been founded in 2012. Neither of these companies is publicly traded or operates as a bank. When it comes to regulatory licenses, both brokers hold one Tier-1 license, which is recognized for a high level of trust by ForexBrokers.com. However, they lack Tier-2 licenses, which are considered trusted by the same source.
In terms of their Trust Score ratings as determined by ForexBrokers.com, Earn scores a 71, indicating an average risk profile, while LegacyFX holds a slightly lower score of 67, placing it in a high-risk category. This comparison highlights that while both brokers offer a high level of regulatory compliance with their Tier-1 licenses, Earn may be perceived as marginally more reliable due to its higher Trust Score.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Year Founded | 1994 | 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 | 0 | 1 |
Earn is known for offering a competitive fee structure, with a 4-star rating for commissions and fees. Although detailed average spread data isn't available, Earn's overall cost efficiency lands it at #45 out of 63 brokers, according to ForexBrokers.com. This suggests that traders can enjoy relatively cost-effective trading, even without specific spread information.
On the other hand, LegacyFX provides a range of options depending on the jurisdiction you choose to trade under. For EU residents, the broker offers three account types—Silver, Gold, and Platinum—which have minimum deposits of $500, $5,000, and $25,000, respectively. The Platinum account boasts the lowest spread, while the Silver account has higher costs with spreads starting at 1.6 pips on the EUR/USD. Internationally, LegacyFX offers seven account types, with minimum deposits going up to $50,000, impacting the level of support and access to trading tools you receive.
LegacyFX earns a 3.5-star rating for its commissions and fees, ranking it #57 out of 63 brokers on ForexBrokers.com. Though the variety of account options offers flexibility, the absence of average spread data makes it challenging to fully gauge the trading costs. As such, LegacyFX may not be the top choice for cost-conscious traders.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
Earn and LegacyFX both offer a comprehensive range of investment options, catering to traders interested in forex trading via CFDs or spot contracts. Earn provides access to 500 tradable symbols, including 61 forex pairs, while LegacyFX offers 425 tradable symbols with 44 forex pairs. Both platforms lack the option to trade exchange-traded securities on U.S. and international exchanges, meaning clients cannot directly buy shares like Apple or Vodafone. However, both Earn and LegacyFX do enable copy trading and offer cryptocurrency derivatives, though they do not support the purchase of actual cryptocurrencies.
When it comes to ratings, both brokers receive 3.5 stars for their range of investments. While Earn and LegacyFX are close in offerings, Earn slightly edges out with a higher ranking at #45 compared to LegacyFX's #48 in the Range of Investments category by ForexBrokers.com. This slight edge may be due to Earn's slightly broader array of tradable symbols and forex pairs. Nevertheless, both brokers present similar features, making them suitable for traders seeking diversity in CFD and forex trading options.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 425 |
| Forex Pairs (Total) | 61 | 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.
When choosing between online brokers Earn and LegacyFX for your trading platform needs, it's important to consider the features and tools each offers. Both brokers provide simulated trading accounts, allowing you to practice with virtual money before investing real funds. Neither Earn nor LegacyFX has developed a proprietary platform; instead, both support widely-used platforms available on Windows-based desktops and web browsers. While Earn offers popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), LegacyFX supports only MetaTrader 5 (MT5). For traders interested in social and copy trading, both brokers offer features in this area, although ZuluTrade is exclusively available with Earn.
Charting tools are crucial for technical analysis, and both Earn and LegacyFX match up here by offering 15 drawing tools. They also provide functionalities like trading directly from charts and setting up watch lists with up to seven columns. Ratings show that Earn scores slightly higher at four stars compared to LegacyFX's 3.5-star rating for trading platforms and tools. According to ForexBrokers.com, Earn ranks 51st out of 63 brokers, whereas LegacyFX comes in at 60th. When considering trading platforms and tools, these factors could help you decide which broker best suits your trading style and needs.
| Feature |
Earn
|
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) | 35 | 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.
When comparing the mobile trading apps of Earn and LegacyFX, both platforms cover the essentials with availability on iPhone and Android devices, and offering features such as stock or forex price alerts and the ability to draw trendlines on charts. They also both enable users to view charts across multiple time frames and have the capability to auto-save chart drawings. However, while both apps allow for creating watchlists with real-time quotes, neither supports syncing these watchlists with an online account for seamless updates across devices. Where Earn pulls ahead is in the number of technical studies available, offering 35 compared to LegacyFX's 30.
Regarding performance and user satisfaction, Earn carries a slight edge with a mobile app rating of 4 stars, compared to LegacyFX's 3.5 stars. In rankings by ForexBrokers.com, Earn secures the 27th spot out of 63 brokers for Mobile Trading Apps, while LegacyFX is further down the list at 61st place. Overall, Earn's more generous offering of technical studies and slightly higher user ratings make it a stronger contender for traders who rely on detailed charting and analysis tools in their mobile trading experience.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 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 Earn and LegacyFX provide traders with daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, helping traders stay informed about market trends and major events. Additionally, both brokers offer an economic calendar to track global news events that may affect trading. However, when it comes to specialized technical analysis tools, there are differences. LegacyFX offers tools from Autochartist, aiding traders with pattern recognition for better decision-making, while Earn does not feature these tools. Both brokers lack offerings from Trading Central and Acuity Trading, and neither provides a sentiment-based trading tool or market research from TipRanks.
Despite these differences in tool offerings, Earn and LegacyFX both receive a research rating of 3.5 out of 5 stars. However, Earn is ranked higher at 38 out of 63 brokers on ForexBrokers.com for research, compared to LegacyFX, which holds the 46th position. For traders prioritizing access to certain technical analysis tools, LegacyFX may be a more suitable choice, while those looking at broader market commentary and news coverage might find both brokers equally adequate. Each platform presents distinct strengths for traders depending on their specific research needs.
| Feature |
Earn
|
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 | No | No |
| TipRanks | No | 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, LegacyFX outshines Earn with a broader range of offerings. LegacyFX provides over ten educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. Additionally, LegacyFX hosts monthly online educational webinars, which are available in a searchable archive for further learning. For newcomers eager to understand trading concepts, LegacyFX offers more than ten beginner-focused videos and another set tailored for more experienced traders, ensuring a comprehensive learning journey. They also provide an investor dictionary that defines over 50 investing terms, which can help demystify the world of trading for novices.
On the other hand, Earn falls short in comparison by not offering the same level of educational content. It lacks the essential resources such as forex and CFDs articles, regular webinars, or a library of videos aimed at both beginners and advanced traders. While both Earn and LegacyFX are rated equally at 3.5 stars for education, LegacyFX ranks significantly higher at #35 out of 63 brokers, compared to Earn's rank of #62. This positioning suggests that LegacyFX's educational offerings may better equip beginners with the knowledge needed to navigate trading platforms and strategies confidently.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Earn is better than LegacyFX. Earn finished with an overall rank of #50, while LegacyFX finished with an overall rank of #63.
Earn was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Earn has a lower Trust Score than more established forex brokers.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both Earn and LegacyFX provide the option to trade cryptocurrency derivatives, but neither platform allows the purchase of actual (delivered) cryptocurrencies.
Both Earn and LegacyFX do not support ACH or SEPA transfers and PayPal for depositing or withdrawing funds, but they both offer Skrill, Visa, Mastercard, and bank wire options, providing multiple alternative methods for financial transactions.
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 | Earn | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Earn | LegacyFX | |
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| Regulation | Earn | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 1994 | 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 | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Earn | 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) | No | 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) | Earn | 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 | Earn | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 425 | |
| Forex Pairs (Total) | 61 | 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 | Earn | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Earn | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Earn | 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | Earn | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 35 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Earn | 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 | 35 | 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 | Earn | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Earn | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Earn | 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 | LegacyFX Review |
| Overall | Earn | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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