Written by ForexBrokers.com
In this head to head comparison of Eightcap 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.
When comparing Eightcap and LegacyFX, one can see some clear differences in their trust ratings and regulatory standings. Founded in 2009, Eightcap holds three Tier-1 licenses, considered highly trusted by ForexBrokers.com, contributing to a Trust Score of 85 out of 99, placing it in the "trusted" category. On the other hand, LegacyFX, founded in 2012, holds one Tier-1 license and has a Trust Score of 67, which categorizes it as "high risk." Neither Eightcap nor LegacyFX is publicly traded or operates as a bank.
While both brokers have been around for over a decade, Eightcap appears to offer greater regulatory reassurance with more Tier-1 licenses and a higher trust score. This could be an important consideration for traders seeking a more secure trading environment. As always, understanding the regulatory framework and trust scores can be crucial in making informed decisions when selecting an online broker.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Eightcap keeps pricing straightforward with two account types: the commission-based Raw account and the spread-only Standard account. On the Raw account, the average spread is listed at 0.06 pips, and when you add the $3.50 per-side commission, the estimated all-in cost comes to about 0.76 pips on major pairs—slightly below the industry average of 0.8 pips. While not the absolute cheapest on the market, Eightcap’s transparency and competitive effective spread make it appealing for cost-conscious traders. Rating: 4/5 stars; Commissions and Fees rank: #27 out of 63.
LegacyFX’s pricing depends on which entity you use (EU/CySEC or international/Vanuatu) and the account tier you choose. A key drawback is the lack of published average spreads, which makes it harder to gauge real trading costs. In the EU, Silver, Gold, and Platinum accounts require $500, $5,000, and $25,000 minimums, with the Silver tier showing minimum spreads as high as 1.6 pips on EUR/USD. Internationally, there are seven tiers (from $500 up to $50,000), where higher levels unlock more support and tools, but pricing clarity still lags. Rating: 3.5/5 stars; Commissions and Fees rank: #58 out of 63.
Bottom line: If you prioritize clear, competitive pricing, Eightcap’s Raw account offers a lower estimated all-in cost than what you’re likely to face on LegacyFX’s entry tiers, and it publishes more useful cost data. LegacyFX may appeal if you want added services tied to higher-tier accounts, but be mindful of higher minimum deposits and the absence of average spread disclosures when comparing overall fees.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
Eightcap vs LegacyFX: both brokers support forex trading (available as CFDs or spot contracts) and offer copy trading. Where they differ is breadth. Eightcap lists about 800 tradeable symbols and 56 forex pairs, while LegacyFX offers around 425 symbols and 44 forex pairs. If you want more choice across instruments and currency pairs, Eightcap provides the wider menu.
Neither broker lets you buy exchange-traded shares directly on U.S. or international markets, and neither supports buying actual cryptocurrency; however, both provide access to cryptocurrency derivatives. For Range of Investments, Eightcap and LegacyFX each earn 3.5 out of 5 stars, but Eightcap ranks higher overall in this category (#41 of 63) compared with LegacyFX (#49 of 63), reflecting its larger selection.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 425 |
| Forex Pairs (Total) | 56 | 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.
Eightcap and LegacyFX both let you practice with a free demo account. Neither offers a proprietary platform; instead they rely on MetaTrader. Each provides a Windows desktop download and a web-based platform, along with copy trading. You can place trades directly from charts with both brokers, and each includes 15 drawing tools and seven watchlist columns. A key difference: Eightcap supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX supports MT5 only. Neither broker integrates DupliTrade or ZuluTrade.
When it comes to trading platforms and tools, ForexBrokers.com rates Eightcap at 4 stars (ranked 39th of 63) and LegacyFX at 3.5 stars (ranked 61st of 63). Put simply, Eightcap has the edge thanks to MT4 access and a higher score, while LegacyFX still covers core needs on MT5 across web and desktop with chart trading and copy trading.
| Feature |
Eightcap
|
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 | No | No |
| Charting - Indicators / Studies (Total) | 30 | 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.
Eightcap and LegacyFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts and lets you build watchlists with real-time quotes. A key difference is watchlist syncing: Eightcap syncs symbols between the mobile app and your online account, while LegacyFX does not, so changes you make on one won’t appear on the other. For overall quality, ForexBrokers.com rates Eightcap’s mobile trading app 4 stars and ranks it 39th out of 63 brokers; LegacyFX earns 3.5 stars and ranks 62nd out of 63.
Charting is similar on both platforms. Eightcap and LegacyFX provide 30 technical studies, drawing tools such as trendlines, and multiple time frames (intraday, daily, weekly). Drawings auto-save, making it easy to pick up where you left off. Given the higher rating and the convenience of synced watchlists, traders who move between phone and desktop may find Eightcap’s mobile app more convenient, while LegacyFX still covers the core features many users need.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
Eightcap and LegacyFX both deliver the basics for market research, including daily market commentary and an economic calendar. LegacyFX goes further with forex news from top-tier sources (such as Bloomberg/Reuters/Dow Jones) and adds Autochartist tools for pattern and signal ideas. Eightcap counters with a sentiment tool that shows the ratio of long vs. short positions, which LegacyFX does not provide. Neither broker integrates Trading Central. Eightcap does not offer TipRanks or Acuity Trading; for LegacyFX, TipRanks and Acuity integrations are not specified.
Both brokers earn 3.5 out of 5 stars for Research. In ForexBrokers.com’s rankings, Eightcap places #40 of 63, while LegacyFX ranks #47. Pick LegacyFX if you want built-in institutional news and Autochartist; choose Eightcap if sentiment data matters most. Either way, you’ll get daily commentary and an easy-to-use economic calendar.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | 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 for beginners between online brokers Eightcap and LegacyFX, there are a few aspects to highlight. Both Eightcap and LegacyFX provide a minimum of 10 educational pieces focusing on forex and CFDs, in the form of articles, videos, and archived webinars. This makes them both resourceful places for learning the basics. While neither broker significantly edges the other in this area, one notable difference is that LegacyFX offers live educational webinars monthly, which Eightcap does not. However, both brokers provide a searchable archive of previously recorded webinars, giving users access to a wealth of past content. Additionally, each offers comprehensive introductory video content tailored for beginners.
For those interested in advancing their trading knowledge, LegacyFX provides a wider selection of advanced educational videos, while Eightcap falls short in this department. Both brokers offer dictionaries with definitions of over 50 investing terms, supporting their commitment to investor education. Despite these offerings, both brokers share the same rating of 3.5 stars for education. However, LegacyFX has a slight advantage in the rankings by ForexBrokers.com, coming in at #35 compared to Eightcap's #40 out of 63 brokers evaluated. This overall analysis suggests that while both brokers are well-equipped for beginners, LegacyFX may offer a little more for those looking to continue expanding their skills.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Eightcap is better than LegacyFX. Eightcap finished with an overall rank of #38, while LegacyFX finished with an overall rank of #63.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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Both Eightcap and LegacyFX do not offer the option to purchase actual delivered cryptocurrency, but they both provide the ability to trade cryptocurrency derivatives.
When comparing online brokers Eightcap and LegacyFX, both offer Visa, Mastercard, Skrill, and bank wire options for depositing and withdrawing funds, but Eightcap uniquely provides PayPal, whereas neither broker supports ACH or SEPA transfers.
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 | Eightcap | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Eightcap Review | LegacyFX Review |
| Broker Screenshots | Eightcap | LegacyFX | |
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| Regulation | Eightcap | LegacyFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | 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) | Yes | 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) | Eightcap | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Eightcap | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 425 | |
| Forex Pairs (Total) | 56 | 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 | Eightcap | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Eightcap | 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 | No | No |
| Trading Tools | Eightcap | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | Eightcap | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | 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 | Eightcap Review | LegacyFX Review |
| Overall | Eightcap | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Eightcap Review | LegacyFX Review |
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