Written by ForexBrokers.com
In this head to head comparison of eToro 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.
Comparing online brokers eToro and LegacyFX on regulation and safety: eToro, founded in 2007, is publicly traded and not a bank. It holds 4 Tier-1 licenses and 1 Tier-2 license (ForexBrokers.com considers Tier-1 highly trusted and Tier-2 trusted). LegacyFX, founded in 2012, is not publicly traded and not a bank, with 1 Tier-1 license and no Tier-2 licenses.
According to ForexBrokers.com’s Trust Score scale (90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, under 59 not trusted), eToro scores 96, placing it in the highly trusted category. LegacyFX scores 67, which falls into the high-risk category. For traders prioritizing regulation and safety, eToro’s broader top-tier oversight and higher trust rating may be more appealing than LegacyFX’s more limited regulatory profile.
| Feature |
eToro
|
LegacyFX
|
|---|---|---|
| Year Founded | 2007 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
eToro’s commissions and fees lean on simplicity: as a market-maker, it lists a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average. Many clients choose eToro for its social copy trading rather than ultra-tight spreads. The eToro Club (Silver to Diamond) rewards balances from $5,000 to $250,000 with perks like Trading Central access, discounted deposits/withdrawals, and a dedicated account manager. For Commissions and Fees, eToro is rated 4.5/5 stars and ranked #23 out of 63 brokers by ForexBrokers.com.
LegacyFX’s pricing depends on which entity you use. In the EU (CySEC), there are Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000; spreads are lowest on Platinum and highest on Silver, where the EUR/USD minimum spread can be as high as 1.6 pips. Internationally (Vanuatu), there are seven account tiers with minimums from $500 to $50,000, and added tools and support at higher levels. A key drawback is that LegacyFX does not publish average spreads, making real trading costs harder to judge. LegacyFX is rated 3.5/5 stars and ranked #58 out of 63 for Commissions and Fees.
Bottom line: eToro discloses a typical 1-pip EUR/USD spread and offers VIP-style discounts via its Club, while LegacyFX provides many account tiers but lacks average spread data and can be pricier on entry-level accounts. If clear, publishable pricing matters most, eToro has the edge; if you prioritize tiered services and are comfortable with variable, less transparent costs, LegacyFX may appeal.
| Feature |
eToro
|
LegacyFX
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|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 |
| Average spread (EUR/USD) - Standard account | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro offers a wider range of investments than LegacyFX. You’ll find 7,441 tradeable symbols on eToro versus 425 on LegacyFX, and 55 forex pairs compared with LegacyFX’s 44. eToro also lets you buy exchange-traded stocks on both U.S. and international markets (not just CFDs), while LegacyFX does not support direct stock investing on either U.S. or international exchanges.
Both brokers support forex trading and copy trading. For crypto, eToro provides access to both real (delivered) cryptocurrencies and crypto CFDs, whereas LegacyFX offers only crypto CFDs. Reflecting this breadth, eToro earns 5 stars for Range of Investments and ranks #11 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks #49. If you want the widest selection and the ability to own actual stocks and crypto, eToro has the edge; if you focus mainly on CFDs and forex, LegacyFX covers the essentials.
| Feature |
eToro
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LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 425 |
| Forex Pairs (Total) | 55 | 44 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
Comparing eToro and LegacyFX, both let you practice with a free virtual demo and support copy trading, as well as placing orders directly from charts. eToro uses its own in-house platform and focuses on a web-based experience (no Windows desktop app, no MT4 or MT5). LegacyFX doesn’t have its own platform but offers a Windows desktop download via MetaTrader 5 along with a web platform; it does not support MT4.
For Trading Platforms and Tools, eToro earns 4.5/5 stars and ranks #8 out of 63 brokers on ForexBrokers.com, while LegacyFX scores 3.5/5 and ranks #61. In short, choose eToro if you want an easy, browser-based platform with copy trading; pick LegacyFX if you prefer a downloadable Windows platform powered by MT5.
| Feature |
eToro
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the mobile trading apps from eToro and LegacyFX: both offer iPhone and Android apps and both support stock and forex price alerts. eToro adds watchlist syncing between the mobile app and your online account, while LegacyFX does not. According to ForexBrokers.com, eToro is rated 4.5/5 stars and ranks #10 out of 63 brokers for Mobile Trading Apps, whereas LegacyFX is rated 3.5/5 stars and ranks #62.
For charting, eToro supplies 104 technical studies, but it doesn’t let you draw trendlines and it doesn’t auto-save drawings. LegacyFX includes 30 technical studies, yet it does allow trendline drawing and auto-saves those drawings. If you want a larger set of indicators and synced watchlists, eToro is the stronger pick; if you rely on drawing and saving trendlines, LegacyFX may suit you better.
| Feature |
eToro
|
LegacyFX
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|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both eToro and LegacyFX deliver daily market commentary, top-tier forex news (from sources like Bloomberg and Reuters), and an easy-to-use economic calendar. The key differences are in their research tools: eToro offers Trading Central and a helpful sentiment tool that shows the ratio of long vs. short positions, plus TipRanks insights. LegacyFX provides Autochartist for pattern recognition, but does not list Trading Central or a sentiment tool; TipRanks and Acuity Trading integrations are not specified.
For overall research quality, eToro earns 4.5 out of 5 stars and ranks #13 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #47. Choose eToro if you want sentiment data and Trading Central’s analysis alongside news and commentary; pick LegacyFX if Autochartist’s technical pattern scans are your priority.
| Feature |
eToro
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | Yes | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
eToro vs. LegacyFX for beginner education: both brokers host live online webinars at least once a month and offer 10+ beginner videos that explain trading basics in plain language. As you advance, each also provides 10+ videos for experienced traders, helping you deepen skills in areas like strategy and risk management across forex and CFDs.
Independent reviews tip the scales toward eToro. It earns 4.5 out of 5 stars for Education and ranks #5 of 63 brokers at ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #35. In practice, beginners may find eToro’s learning hub easier to grow with, though LegacyFX still supplies useful webinars and video lessons if you prefer its platform.
| Feature |
eToro
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than LegacyFX. eToro finished with an overall rank of #9, while LegacyFX finished with an overall rank of #63.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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LegacyFX
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| Trust Score | 96 | 67 |
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eToro vs LegacyFX: eToro lets you buy both actual (delivered) cryptocurrency and cryptocurrency CFDs, while LegacyFX supports only cryptocurrency CFDs and does not offer purchases of real, delivered crypto.
Comparing eToro vs LegacyFX for deposit and withdrawal methods: eToro supports ACH/SEPA transfers, PayPal, Skrill, and bank wire funding, while LegacyFX does not support ACH/SEPA transfers and other payment options were 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 | eToro | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | eToro Review | LegacyFX Review |
| Broker Screenshots | eToro | LegacyFX | |
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| Regulation | eToro | LegacyFX | |
|---|---|---|---|
| Trust Score | 96 | 67 | |
| Year Founded | 2007 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | 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) | Yes | 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) | eToro | 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 | eToro | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 425 | |
| Forex Pairs (Total) | 55 | 44 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | eToro | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | LegacyFX Review |
| Overall | eToro | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | eToro Review | LegacyFX Review |
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