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easyMarkets vs LegacyFX 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is easyMarkets better than LegacyFX? In our analysis of 23 international regulators across 39 of the best forex brokers, easyMarkets is considered average-risk, with an overall Trust Score of 84 out of 99. LegacyFX is considered average-risk, with an overall Trust Score of 75 out of 99. Learn more about Trust Score.

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Overall RatingeasyMarketsLegacyFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees3.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research3 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score847599
Winnercheck_circle
RevieweasyMarkets ReviewLegacyFX ReviewIG Review
RegulationeasyMarketsLegacyFXIG
Trust Score847599
Year Founded200120121974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses112
Tier-3 Licenses101
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)easyMarketsLegacyFXIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)easyMarketsLegacyFXIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)easyMarketsLegacyFXIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)YesNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentseasyMarketsLegacyFXIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)19942519537
Forex Pairs (Total)6241100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CosteasyMarketsLegacyFXIG
Average Spread EUR/USD - Standard0.9 (as of Mar 2020)00.86 (September 2022)
All-in Cost EUR/USD - Active0.9 (as of Mar 2020)00.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesNoYes
FundingeasyMarketsLegacyFXIG
Minimum Initial Deposit$100$500ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)NoYesYes
Trading PlatformseasyMarketsLegacyFXIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolseasyMarketsLegacyFXIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsNoYesYes
Watchlists - Total Fields6714
Charting - Indicators / Studies (Total)(default MT4)3033
Charting - Drawing Tools (Total)(default MT4)1520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingeasyMarketsLegacyFXIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsNoYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies813033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesNoYes
ResearcheasyMarketsLegacyFXIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoYesYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationeasyMarketsLegacyFXIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)NoYesYes
Videos - Beginner Trading VideosNoYesYes
Videos - Advanced Trading VideosNoYesYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairseasyMarketsLegacyFXIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
RevieweasyMarkets ReviewLegacyFX ReviewIG Review
OveralleasyMarketsLegacyFXIG
Overall Rating4 Stars3.5 Stars5 Stars
Commissions & Fees3.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars3.5 Stars5 Stars
Platform & Tools4 Stars3.5 Stars5 Stars
Mobile Trading4 Stars3.5 Stars5 Stars
Research3 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score847599
Winnercheck_circle
RevieweasyMarkets ReviewLegacyFX ReviewIG Review
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easyMarkets vs LegacyFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare easyMarkets vs LegacyFX.

Does easyMarkets or LegacyFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is easyMarkets or LegacyFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both easyMarkets and LegacyFX hold 1 global Tier-1 licenses. Both easyMarkets and LegacyFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, easyMarkets earned a higher Trust Score than LegacyFX.

Which trading platform is better: easyMarkets or LegacyFX?

To compare the trading platforms of both easyMarkets and LegacyFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.easyMarkets and LegacyFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

easyMarkets provides traders 62 currency pairs (e.g., EUR/USD) compared to LegacyFX's 41 available pairs. Forex pairs aside, LegacyFX offers traders access to 425 CFDs while easyMarkets has 199 available CFDs, a difference of 226.

Can I trust easyMarkets?

easyMarkets is not publicly traded and does not operate a bank. easyMarkets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). easyMarkets is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC).

Can I trust LegacyFX?

LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). LegacyFX is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Is easyMarkets good?

easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, easyMarkets is pricey, offers only a small selection of tradeable products, and lacks market research.

Is LegacyFX good?

LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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