Written by ForexBrokers.com
In this head to head comparison of easyMarkets 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.
easyMarkets, founded in 2001, offers a solid level of regulatory trust with a total of two Tier-1 licenses and one Tier-2 license. Rated with a Trust Score of 84 by ForexBrokers.com, easyMarkets is considered a trusted broker in the industry. Despite not being publicly traded or a banking institution, its longevity and regulatory licenses help solidify its position in the market as a reliable trading platform.
LegacyFX, which began operations in 2012, holds one Tier-1 license but lacks any Tier-2 licenses. It is awarded a Trust Score of 67, indicating a higher risk compared to easyMarkets. Like its counterpart, LegacyFX is not publicly traded and does not operate as a bank. While it shows some level of regulatory compliance, its lower Trust Score suggests trading with caution.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Year Founded | 2001 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing easyMarkets and LegacyFX in terms of commissions and fees, both brokers offer unique advantages and limitations for traders. easyMarkets provides fixed spreads starting from 0.8 pips for EUR/USD on its platform and TradingView. If you opt for the MT4 platform, be prepared for higher costs with 1.7 pips on the Standard account; however, the VIP account reduces this to 0.7 pips. For those using MT5, expect a variable spread beginning at 0.7 pips. easyMarkets earned a 3.5-star rating for commissions and fees and ranks #52 out of 63 brokers according to ForexBrokers.com.
LegacyFX presents a more complex fee structure depending on whether clients use its EU entity regulated by CySEC or its international entity in Vanuatu. In the EU, clients can choose between Silver, Gold, and Platinum accounts, requiring minimum deposits of $500, $5,000, and $25,000, respectively. While the Platinum account boasts lower spreads, the Silver account is on the higher end, with spreads for EUR/USD starting at 1.6 pips. For international clients registered in Vanuatu, seven account types are available with varying minimum deposits ranging from $500 to $50,000, offering different trading support levels and tool access. LegacyFX also received a 3.5-star rating for commissions and fees but is ranked slightly lower at #57 out of 63 brokers by ForexBrokers.com.
Both easyMarkets and LegacyFX received the same star rating for commissions and fees, but their rankings indicate a modest difference in their competitiveness within the industry. easyMarkets takes a slightly higher position, mostly due to its straightforward and transparent fee structure despite being tied with LegacyFX in overall rating. However, both brokers have opportunities to refine their offerings to improve their rankings and better serve their trading clients.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $25 | $500 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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 comparing easyMarkets and LegacyFX in terms of their investment offerings, both platforms provide opportunities for forex trading using CFDs or spot contracts. easyMarkets features an impressive 230 tradeable symbols, out of which 63 are forex pairs. In contrast, LegacyFX offers a larger selection with 425 tradeable symbols, but only 44 of these are forex pairs. Neither broker provides exchange-traded securities on U.S. or international exchanges, meaning investors cannot directly purchase shares such as Apple or Vodafone through either platform. Nonetheless, both easyMarkets and LegacyFX allow for copy trading, which is an appealing option for those looking to follow the trading strategies of experienced investors.
Additionally, both brokers offer the option to trade cryptocurrency derivatives, although they do not provide actual delivery of cryptocurrencies. This makes them suitable for those interested in speculating on cryptocurrency price movements without owning the actual asset. Despite the subtle differences in their number of tradeable symbols and forex pairs, both easyMarkets and LegacyFX share an equal rating of 3.5 stars out of five for their Range of Investments. However, within a comparison of 63 brokers, LegacyFX ranks slightly higher at 48th place, while easyMarkets is positioned at 54th, indicating a marginal advantage for LegacyFX in this category.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 425 |
| Forex Pairs (Total) | 63 | 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 comparing the trading platforms and tools of easyMarkets and LegacyFX, both platforms offer essential features such as free virtual demo accounts, enabling traders to practice without risk. easyMarkets stands out with its proprietary platform, developed in-house, offering a unique user experience. On the other hand, LegacyFX does not have a proprietary platform but still covers the essentials with web-based and Windows desktop platforms. Both brokers provide copy trading options, but only easyMarkets supports MetaTrader 4, while both offer MetaTrader 5.
Charting tools and trading features are robust for both brokers, though easyMarkets offers more drawing tools (30) compared to LegacyFX's 15. Users of both platforms can trade directly from stock charts, but easyMarkets edges out with watch lists having an additional column of fields compared to LegacyFX. In terms of ratings, easyMarkets scores 4 stars for trading platforms and tools, ranking #35 among 63 brokers on ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #60. These factors may influence traders depending on their needs for advanced charting tools and platform versatility.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both easyMarkets and LegacyFX offer accessibility for iPhone and Android users, ensuring that traders can engage with the market on their preferred devices. easyMarkets stands out with a syncing feature that connects watchlists between the mobile app and the online account, allowing for convenient updates on both platforms. Additionally, easyMarkets provides a more extensive range of technical studies with 81 options, compared to LegacyFX's 30, which might appeal to users seeking detailed charting capabilities. Both platforms offer the ability to draw trendlines and view multiple time frames on charts, but easyMarkets falls short in offering stock or forex price alerts, a feature available with LegacyFX.
LegacyFX, while offering fewer advanced charting features than easyMarkets, does provide price alerts and auto-saves drawings on charts, adding a touch of user-friendliness and security for traders focused on automated updates. Both apps allow for the creation of watchlists with real-time quotes. In terms of user satisfaction, easyMarkets earns a rating of 4 out of 5 stars, with a higher ranking of #30 out of 63 brokers for mobile trading apps according to ForexBrokers.com, compared to LegacyFX's 3.5 stars and a #61 ranking. This makes easyMarkets slightly more favored among users looking for a comprehensive mobile trading experience.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When evaluating online brokers for market research tools, easyMarkets and LegacyFX each have their unique offerings. Both platforms deliver daily market commentary and incorporate forex news from leading sources like Bloomberg and Reuters, ensuring traders stay informed. While easyMarkets lacks tools from Autochartist, it compensates with resources from Trading Central and a sentiment-based trading tool, providing insight into the market dynamics. On the other hand, LegacyFX includes Autochartist’s tools but does not feature Trading Central’s services or sentiment analysis tools. Both brokers provide economic calendars to help users track significant global events, although neither offer additional research from TipRanks or Acuity Trading.
In terms of research quality, both easyMarkets and LegacyFX boast a 3.5-star rating. However, easyMarkets holds a slightly better rank at 43rd place compared to LegacyFX's 46th in the Research category according to ForexBrokers.com, reflecting subtle variations in their overall research capabilities. Though both brokers have comprehensive offerings, traders must weigh the importance of specific tools and rankings to choose the most suitable platform for their trading needs.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at easyMarkets and LegacyFX, both online brokers deliver a comprehensive suite of materials to help newcomers in the world of trading. easyMarkets and LegacyFX each provide a solid collection of over 10 educational pieces, including articles, videos, and archived webinars focusing on forex and CFDs. Both brokers also hold online educational client webinars at least once per month and maintain a searchable archive of past sessions for continuous learning.
Moreover, easyMarkets and LegacyFX offer educational videos catered to beginners, with both platforms featuring at least 10 videos dedicated to introducing key trading topics. They also extend their educational reach with advanced videos for more experienced investors. Additionally, each broker provides an investor dictionary, ensuring users have access to definitions for over 50 investing terms. Despite these similar offerings, easyMarkets holds a slightly lower rank of #39 compared to LegacyFX at #35 in the Education category, according to ForexBrokers.com, although both boast an equal rating of 3.5 out of 5 stars for their educational content.
| Feature |
easyMarkets
|
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 easyMarkets is better than LegacyFX. easyMarkets finished with an overall rank of #42, while LegacyFX finished with an overall rank of #63.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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Both easyMarkets and LegacyFX do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options to purchase cryptocurrency derivatives.
Comparing online brokers easyMarkets and LegacyFX reveals that both platforms facilitate deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, while only easyMarkets supports ACH or SEPA transfers, and neither provides PayPal as an option.
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 | easyMarkets | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | LegacyFX Review |
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| Regulation | easyMarkets | LegacyFX | |
|---|---|---|---|
| Trust Score | 84 | 67 | |
| Year Founded | 2001 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | 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) | 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) | easyMarkets | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | easyMarkets | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 425 | |
| Forex Pairs (Total) | 63 | 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 | easyMarkets | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $25 | $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 | Yes | No |
| Trading Platforms | easyMarkets | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | No | No |
| Trading Tools | easyMarkets | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | easyMarkets | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | easyMarkets | 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 | easyMarkets | 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 | easyMarkets Review | LegacyFX Review |
| Overall | easyMarkets | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | LegacyFX Review |
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