Written by ForexBrokers.com
In this head to head comparison of Exness 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.
Exness, founded in 2008, and LegacyFX, established in 2012, are both online brokers that, while not publicly traded or banks, offer different levels of regulatory assurance to their clients. Exness holds two Tier-1 licenses, which are highly trusted according to ForexBrokers.com, and three Tier-2 licenses, leading to a Trust Score of 81 out of 99, qualifying it as a trusted platform. In contrast, LegacyFX holds one Tier-1 license and no Tier-2 licenses, garnering a Trust Score of 67, indicating a high level of risk.
For investors prioritizing security and trust, Exness's greater number of licenses and its classification as a trusted broker might appeal more than LegacyFX's higher-risk profile. Neither brokerage is listed on a stock exchange or operates as a bank, which is a commonality they share, but their regulatory footprints significantly differ, potentially influencing user preferences. These factors are crucial for users in selecting a broker aligned with their trust and safety expectations.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Year Founded | 2008 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees of Exness and LegacyFX, Exness stands out with a wide variety of account types designed to cater to different trading needs. With five primary accounts, including two standard and three professional types, Exness ensures flexibility. The two commission-based accounts at Exness boast lower spreads compared to the commission-free accounts, adjusting the costs based on the chosen account type. Market execution is available across all accounts, with the Pro account offering both instant and market execution. Exness provides competitive pricing for trading costs, earning it a 4-star rating and ranking 35th out of 63 brokers in the Commissions and Fees category.
LegacyFX, on the other hand, offers different account structures based on the regulatory entity—its EU entity regulated by CySEC and its international entity in Vanuatu. The EU entity offers three accounts—Silver, Gold, and Platinum—with spreads being lowest on the Platinum account. However, the lack of average spread data makes it challenging to fully assess trading costs. LegacyFX’s international entity provides a broader selection of seven account types, with the choice of account affecting the level of client support and access to trading tools. LegacyFX receives a 3.5-star rating, placing it at 57th position in the same category.
In summary, Exness offers more transparent and competitive pricing structures compared to LegacyFX, especially with its commission-based accounts that have lower spreads. While LegacyFX provides a variety of account options, the absence of clear information on average spreads could be a drawback for potential traders. The star ratings and rankings indicate a stronger performance by Exness in terms of commissions and fees.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $10 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
When comparing Exness and LegacyFX in terms of the variety of investments they offer, both platforms provide access to forex trading as CFDs or spot contracts. Exness stands out with a selection of 96 tradeable forex pairs, significantly more than LegacyFX's 44 pairs. This could appeal to forex enthusiasts looking for more options. However, when it comes to the total number of tradeable symbols, LegacyFX has a wider range with 425 symbols compared to Exness's 227.
Both brokers do not offer exchange-traded securities from U.S. or international exchanges, so investors looking for direct stock purchases will need to look elsewhere. For those interested in cryptocurrency, while neither Exness nor LegacyFX offers the option to buy actual cryptocurrencies, they both provide trading opportunities through cryptocurrency derivatives. Additionally, both platforms offer copy trading services, presenting potential strategies for investors to follow. Rated at 3.5 stars each for their range of investments, LegacyFX receives a slightly better ranking at #48 compared to Exness at #55 among 63 brokers evaluated by ForexBrokers.com.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 425 |
| Forex Pairs (Total) | 96 | 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.
Exness and LegacyFX both provide essential tools for new and seasoned traders, offering free demo accounts that allow for simulated trading. While both brokers give access to MetaTrader 5, Exness takes the lead by also supporting MetaTrader 4 and offering a proprietary platform. Additionally, both platforms offer Windows-based desktop and web-based trading platforms, with copy trading options available. However, neither broker supports DupliTrade or ZuluTrade. When it comes to charting, Exness offers a superior suite with 87 drawing tools compared to the 15 provided by LegacyFX. Both allow trading directly from a stock chart, adding to their user-friendly features.
For watchlists, both Exness and LegacyFX offer seven columns to organize fields, ensuring a streamlined experience. Despite these similarities, Exness tends to outshine LegacyFX in several areas, resulting in it being ranked #26 among 63 brokers for its trading platforms and tools, according to ForexBrokers.com. In comparison, LegacyFX holds the #60 spot. Exness boasts a rating of 4 stars for its platforms and tools, while LegacyFX has a slightly lower rating of 3.5 stars. Overall, Exness appears to offer a more comprehensive trading experience, especially for those seeking versatile platforms and advanced charting tools.
| Feature |
Exness
|
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) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders on the go, both Exness and LegacyFX offer mobile trading apps compatible with iPhone and Android devices. While both platforms allow users to receive stock and forex price alerts, they fall short when it comes to syncing watchlists across different devices. Exness takes the lead with 35 technical studies available for charting, compared to LegacyFX's 30. Both apps support drawing trendlines and provide various time frames like daily, weekly, and intraday views. However, LegacyFX gives an edge by auto-saving chart drawings, unlike Exness.
Further enhancing user experience, both apps allow the creation of watchlists with real-time quotes. In terms of user satisfaction, Exness shines with a 4-star rating for its mobile trading app, while LegacyFX follows closely with 3.5 stars. As ranked by ForexBrokers.com, Exness ranks significantly higher at 26 out of 63 brokers, whereas LegacyFX trails behind at 61. Overall, while both brokers offer solid mobile trading solutions, Exness edges out slightly in terms of functionality and user satisfaction.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 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.
Exness and LegacyFX both cater to traders with a range of market research options, each offering daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. While both brokers deliver essential information to keep traders informed, their tool offerings vary. Exness provides a sentiment-based trading tool and resources from Trading Central, giving users insights into market positions and technical analytics. On the other hand, LegacyFX integrates Autochartist tools, offering in-depth technical and fundamental research capabilities for users who favor automated chart pattern analysis.
Despite these differences, both Exness and LegacyFX share similar features like an economic calendar to keep traders informed of significant global events. They both have a research rating of 3.5 out of five stars and are ranked at #41 and #46, respectively, out of 63 brokers by ForexBrokers.com. While Exness offers a slightly broader range of tools, both brokers equip traders with essential research tools to support informed trading decisions.
| Feature |
Exness
|
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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between Exness and LegacyFX, both brokers offer a starting point with a minimum of 10 educational materials focused primarily on forex or CFDs. Their offerings include articles, videos, and archived webinars, ensuring newcomers to the trading scene have substantial content to begin their learning journey. While both platforms provide beginner-focused trading videos and a comprehensive investor dictionary, it’s worth noting some differences. LegacyFX stands out with monthly online educational webinars and an extensive library of advanced educational videos aimed at more experienced traders, which Exness lacks.
Both Exness and LegacyFX maintain a searchable archive of past webinars, catering to users who prefer learning at their own pace. In terms of ratings, both brokers share an equal score of 3.5 stars for educational resources according to public evaluations. However, LegacyFX slightly edges ahead in the ranking provided by ForexBrokers.com, securing the 35th spot compared to Exness at 47th among 63 brokers. This may indicate a more favorable reception toward its educational offerings, especially for traders who value advanced video tutorials and live interactions through webinars.
| Feature |
Exness
|
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 Exness is better than LegacyFX. Exness finished with an overall rank of #43, while LegacyFX finished with an overall rank of #63.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 67 |
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Both Exness and LegacyFX do not offer the ability to buy actual cryptocurrencies, but they do provide the option to trade in cryptocurrency derivatives.
Both Exness and LegacyFX do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wires as available options for managing account funds.
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 | Exness | LegacyFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | LegacyFX Review |
| Broker Screenshots | Exness | LegacyFX | |
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| Regulation | Exness | LegacyFX | |
|---|---|---|---|
| Trust Score | 81 | 67 | |
| Year Founded | 2008 | 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 | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | No | No | |
| 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) | Exness | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| 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) | Yes | No |
| Investments | Exness | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 425 | |
| Forex Pairs (Total) | 96 | 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 | Exness | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $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 | No | No |
| Trading Platforms | Exness | 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 | Exness | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 35 | 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 | Exness | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Exness | 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 | Exness | 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 | Exness Review | LegacyFX Review |
| Overall | Exness | LegacyFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | LegacyFX Review |
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