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 |
easyMarkets keeps pricing simple with fixed spreads of 0.8 pips on EUR/USD when you trade on the easyMarkets platform or via TradingView. On MT4, pricing widens to 1.7 pips on the Standard account, while the VIP tier trims it to 0.7 pips. MT5 uses variable pricing that starts from 0.7 pips. Overall, easyMarkets earns 3.5 out of 5 stars for commissions and fees and ranks 53rd out of 63 brokers in this category according to ForexBrokers.com.
LegacyFX’s commissions and fees depend on which entity and account you choose. In the EU (CySEC), there are Silver ($500 min), Gold ($5,000), and Platinum ($25,000) accounts, with the lowest advertised spreads on Platinum and higher costs on Silver—the EUR/USD minimum can be as high as 1.6 pips on Silver. Internationally (Vanuatu), there are seven account tiers from Standard ($500) up to VIP ($50,000), which also control access to support and tools. Because LegacyFX does not publish average spreads, it’s difficult to pin down typical trading costs. LegacyFX is rated 3.5 out of 5 stars for commissions and fees and is ranked 58th out of 63.
Comparison: easyMarkets provides clearer pricing and, on its own platform or TradingView, a lower quoted EUR/USD spread (0.8 pips) than LegacyFX’s EU Silver minimum (1.6 pips). However, easyMarkets’ MT4 Standard spread (1.7 pips) is on the high side, and MT5 pricing is only stated as starting from 0.7 pips rather than an average. LegacyFX offers many account options, but the lack of average-spread data makes cost comparisons harder. Based on available information and third-party rankings, easyMarkets edges LegacyFX on transparency and headline spreads, though your final costs will depend on platform choice and account tier.
| 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.
Comparing easyMarkets vs LegacyFX for range of investments: both brokers let you trade forex as CFDs or spot contracts. LegacyFX lists more total tradeable symbols (425) than easyMarkets (230), which can appeal if you want broader market variety across CFDs. For currency specialists, easyMarkets offers more forex pairs (63 vs 44). Neither broker provides access to exchange-traded shares on U.S. or international stock exchanges. Both support copy trading. For crypto, you can trade derivatives at either broker, but you cannot buy actual, delivered coins.
On range of investments, both easyMarkets and LegacyFX earn 3.5 out of 5 stars from ForexBrokers.com. In the category ranking of 63 brokers, LegacyFX places #49 while easyMarkets is #55, suggesting LegacyFX edges ahead for overall breadth, while easyMarkets may suit those prioritizing a larger list of forex pairs. Your choice may hinge on whether you value a wider set of CFD markets or a deeper forex selection.
| 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.
Both easyMarkets and LegacyFX cover the basics with free demo (paper) accounts, web-based platforms, Windows desktop software, and copy trading. easyMarkets also offers a proprietary platform built in-house, while LegacyFX relies on third-party tools. For MetaTrader fans, both brokers support MT5, but only easyMarkets includes MT4. Neither broker supports DupliTrade or ZuluTrade.
When it comes to charting and workflow, both let you place trades directly from charts. easyMarkets lists 30 drawing tools versus LegacyFX’s 15, and provides eight watchlist columns compared with seven at LegacyFX. According to ForexBrokers.com, easyMarkets earns 4 out of 5 stars and ranks 36th of 63 for Trading Platforms and Tools, while LegacyFX scores 3.5 stars and ranks 61st. In short, easyMarkets offers more platform variety and charting extras, while LegacyFX covers the essentials—especially for MT5 users.
| 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.
Both easyMarkets and LegacyFX offer mobile trading apps for iPhone and Android, plus real-time quote watchlists. For charting, easyMarkets stands out with 81 technical studies compared to LegacyFX’s 30. Both let you draw trendlines and switch between time frames like daily or intraday. easyMarkets syncs watchlists between the app and your online account, which LegacyFX doesn’t. On the flip side, LegacyFX includes price alerts and auto-saves chart drawings, while easyMarkets lacks alerts and doesn’t auto-save drawings.
Ratings reflect these trade-offs: easyMarkets earns 4 stars and ranks #32 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #62. Choose easyMarkets if you value deeper chart tools and synced watchlists; pick LegacyFX if price alerts and automatic drawing saves matter more to you.
| 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.
Comparing easyMarkets vs LegacyFX for market research, both brokers deliver daily market commentary, top-tier forex news from sources like Bloomberg and Reuters, and a handy economic calendar. Each earns 3.5 stars for Research, with easyMarkets ranked #44 out of 63 brokers by ForexBrokers.com and LegacyFX at #47—showing similar scores, with a slight edge to easyMarkets in the rankings.
Their research toolkits differ. easyMarkets includes Trading Central and a sentiment tool that shows long-versus-short positioning, but it does not offer Autochartist. LegacyFX takes the opposite tack: it offers Autochartist for pattern recognition yet does not include Trading Central or a sentiment tool. TipRanks and Acuity Trading were not specified for LegacyFX in the details provided. If you value Trading Central insights and a clear view of crowd sentiment, easyMarkets may fit better; if you prefer Autochartist’s technical pattern scanning, LegacyFX could be the pick.
| 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 | |
| Signal Centre (Acuity Trading) | 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 |
| Broker Screenshots | easyMarkets | LegacyFX | |
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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) | |||
| 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) | |||
| 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) |
| 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 | ||
| 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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