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 | 2 | 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 account | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap vs LegacyFX: both brokers support forex trading (CFD or spot) and offer copy trading. For breadth, Eightcap lists 803 tradeable instruments and 55 forex pairs, while LegacyFX provides 425 symbols and 44 forex pairs. Neither broker lets you buy exchange‑traded stocks on U.S. or international exchanges. When it comes to crypto, you can’t buy actual coins at either firm, but both offer cryptocurrency CFDs.
In independent reviews for Range of Investments, both Eightcap and LegacyFX earned 3.5 out of 5 stars. Eightcap placed 41st out of 63 brokers, while LegacyFX ranked 49th. If you value having more symbols and currency pairs to choose from, Eightcap has the edge; otherwise, both deliver similar features such as copy trading and crypto CFDs.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 425 |
| Forex Pairs (Total) | 55 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 make it easy to get started with a free demo account for paper trading. Neither broker offers its own in-house platform, but each supports a Windows desktop download and a web-based platform, along with copy trading. You can place trades straight from charts with both brokers, which helps speed up order entry and testing ideas.
The key platform difference is MetaTrader: Eightcap supports both MT4 and MT5, while LegacyFX offers MT5 but not MT4. Indicator counts and watchlist column details aren’t specified for either broker. In independent testing by ForexBrokers.com, Eightcap earned 4 stars and ranked 39th out of 63 for Trading Platforms and Tools, while LegacyFX earned 3.5 stars and ranked 61st. If you want MT4 access, Eightcap is the clear pick; if you’re fine with MT5 and want basic web and desktop access with copy trading, both can work.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
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, 30 built-in technical studies for charting, drawing tools like trendlines, and auto-saving of your drawings. The key difference is watchlists: Eightcap syncs your watchlist between the mobile app and your online account, while LegacyFX does not, which means changes made on one platform won’t carry over on the other with LegacyFX.
In terms of quality scores, Eightcap earns 4 out of 5 stars for its Mobile Trading Apps, compared to 3.5 stars for LegacyFX. According to ForexBrokers.com’s Mobile Trading Apps category, Eightcap ranks #39 out of 63 brokers, while LegacyFX is #62. If synced watchlists and a higher third-party rating matter to you, Eightcap may be the better fit; if you mainly need core charting and alerts on both iOS and Android, LegacyFX still delivers the essentials.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Eightcap and LegacyFX both provide daily market commentary and an economic calendar to help traders track upcoming events. Each broker earns 3.5 stars for research; however, Eightcap ranks higher (#40 of 63) than LegacyFX (#47 of 63) in ForexBrokers.com’s Research category.
For research features, LegacyFX stands out with forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and includes Autochartist tools. It does not offer Trading Central or a sentiment tool. Eightcap does not stream top-tier news and lacks Autochartist and Trading Central, but it adds a helpful sentiment tool showing long/short positioning and includes Acuity Trading (Signal Centre). TipRanks and Acuity Trading availability for LegacyFX was not specified.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Eightcap vs LegacyFX for beginner education: both brokers support new traders with monthly client webinars and at least 10 beginner educational videos that explain core forex and CFD topics such as platform basics, risk management, and simple trade setups. This makes either option workable if you want live guidance and a starter video library.
Where they differ is depth. LegacyFX also provides at least 10 advanced educational videos for when you’re ready to go beyond the basics; Eightcap does not meet that mark. While both earn 3.5 out of 5 stars for Education, ForexBrokers.com ranks LegacyFX slightly higher (#35 of 63) than Eightcap (#40 of 63). If you expect to grow into more advanced training, LegacyFX has the edge; if you mainly want beginner content plus webinars, Eightcap can still fit the bill.
| Feature |
Eightcap
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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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Eightcap vs LegacyFX: neither broker offers the ability to buy actual (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.
Eightcap vs LegacyFX: For deposits and withdrawals, Eightcap supports PayPal, Skrill, and bank wire transfers but not ACH or SEPA, while LegacyFX also does not support ACH or SEPA and its support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | 2 | 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 (FSA 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, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 425 | |
| Forex Pairs (Total) | 55 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Eightcap | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Eightcap | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Eightcap | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Eightcap | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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