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 Exness and LegacyFX for their commissions and fees, you'll find that Exness provides a variety of account types catering to different trading styles. With five main offerings, including two standard and three professional accounts, traders have a range of choices. Exness' commission-based accounts boast lower spreads but require a commission, offering options like the Zero Spread account with a $0.05 per trade commission and the Raw account, which charges up to $7 per round turn lot. These accounts incorporate market execution, with the Pro account offering both instant and market execution methods. Rated 4 stars for commissions and fees, Exness holds the #35 rank out of 62 brokers in this category according to ForexBrokers.com.
LegacyFX presents a more limited view when it comes to their trading costs, as average spreads are not readily available. Depending on whether you're trading under its EU entity, regulated by CySEC, or its international entity in Vanuatu, the account types and associated costs vary. The EU entity offers Silver, Gold, and Platinum accounts, where trading costs decrease with higher-tier accounts, starting with a minimum deposit of $500 for Silver. Meanwhile, the Vanuatu entity provides seven account types that increase along with deposit requirements and access to additional trading support. LegacyFX is rated 3.5 stars and ranks #56 in the Commissions and Fees category out of the same 62 brokers.
Exness caters to those preferring a clear structure around trading costs through its different account types and has the advantage in terms of both star rating and broker ranking. On the other hand, LegacyFX offers numerous account levels based on different geographic regulations, which can be advantageous for traders seeking more account flexibility, albeit possibly at a higher cost. In summary, Exness may be preferable for transparency and value, while LegacyFX could be suitable for traders prioritizing account variety and additional support services.
| 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 the range of investments offered by Exness and LegacyFX, both brokers provide opportunities for trading forex as CFDs, with Exness offering slightly more forex pairs (96) compared to LegacyFX's 44 pairs. Despite this, LegacyFX provides a larger total number of tradeable symbols (425) against Exness's 227 symbols, offering a broader selection for traders who value diverse options. Both platforms allow for cryptocurrency derivative trading, but neither offers direct, delivered purchases of cryptocurrencies or exchange-traded securities on U.S. or international exchanges, meaning clients are limited to derivative products when engaging with these asset categories.
Both Exness and LegacyFX also share additional features like copy trading, which may appeal to users interested in leveraging strategies from seasoned traders. With comparable star ratings of 3.5 out of 5 for their range of investments, they are positioned similarly in terms of investors' preferences and capabilities. However, LegacyFX ranks slightly higher at #48 compared to Exness at #55 among 62 brokers reviewed by ForexBrokers.com, indicating a marginal edge in the variety of investment options in the competitive landscape.
| 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.
For traders seeking a comprehensive comparison between Exness and LegacyFX, both brokers offer free virtual demo accounts to help users practice trading strategies without risking real funds. Exness stands out with its proprietary platform, offering clients a distinct in-house developed trading experience, while LegacyFX does not provide a proprietary option. Both brokers, however, deliver wide access through Windows-based desktop software and web-based trading platforms, catering to a variety of user preferences. Furthermore, they both support copy trading for those interested in mimicking successful trades from other investors.
When it comes to popular trading software, Exness has the edge with support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), compared to LegacyFX, which only offers MT5. In charting tools, Exness provides more options with 87 drawing tools, significantly more than the 15 available from LegacyFX. Despite these differences, both brokers enable trading directly from stock charts and offer seven columns for watchlists. In terms of user ratings, Exness tops LegacyFX with a rating of four stars versus 3.5 stars, reflecting a stronger position in trading platforms and tools, and ranks #26 compared to LegacyFX’s #59 in a review of 62 brokers by ForexBrokers.com.
| 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.
Both Exness and LegacyFX provide iPhone and Android apps, ensuring access to mobile trading on popular devices. Users can set alerts for stock and forex price movements with both brokers, though neither supports syncing watchlist symbols between the mobile app and online accounts. When it comes to technical studies, Exness offers 35 options, slightly more than LegacyFX's 30. Both platforms allow drawing trendlines on charts and provide the flexibility to view data across multiple time frames such as daily, weekly, or intraday. However, Exness falls short with its inability to auto-save chart drawings, a feature that LegacyFX offers to its users. Both brokers let traders create watchlists with real-time quotes.
Exness shines with a commendable four-star rating for its mobile trading app, while LegacyFX scores 3.5 stars. On ForexBrokers.com's list, Exness holds the 26th spot among 62 brokers in the mobile trading category, indicating a more favorable performance compared to LegacyFX, which stands at 60th. These insights provide a clear comparison for those considering mobile trading apps offered by Exness and LegacyFX, with Exness holding a slight edge in user experience and ranking in this category.
| 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 provide daily market commentary and access to high-quality forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. This ensures that traders using either platform benefit from timely market insights. However, when it comes to specialized tools, their offerings differ. Exness integrates Trading Central's technical analysis tools and offers sentiment-based trading features. On the other hand, LegacyFX leverages Autochartist for technical analysis but does not provide sentiment-based tools. Both brokers offer an economic calendar, allowing traders to keep track of important global events.
Neither broker offers market research tools from TipRanks or Acuity Trading, which may impact users looking for specific analytical resources. Exness and LegacyFX both hold a research rating of 3.5 stars out of five. In terms of rankings among online brokers, Exness stands at 41st position for research by ForexBrokers.com, whereas LegacyFX is ranked slightly lower at 45th. Choosing between these brokers might depend on the specific tools and features a trader values most in their research process.
| 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 to beginners at Exness and LegacyFX, both online brokers provide a wealth of forex and CFDs learning materials. Each broker offers at least ten educational pieces, incorporating articles, videos, and archived webinars that focus primarily on forex or CFDs. However, while Exness does not host online educational webinars for clients on a monthly basis, LegacyFX makes such webinars available. Fortunately, both brokers maintain a searchable archive of previously recorded webinars for their users.
For beginners, both Exness and LegacyFX provide a minimum of ten educational videos covering trading topics. However, LegacyFX takes a step further by offering at least ten advanced educational videos tailored to experienced traders—a feature Exness does not match. Additionally, both brokers supply an investor dictionary with over fifty investing term definitions. Despite these differences, both Exness and LegacyFX receive a 3.5-star rating for education. However, LegacyFX enjoys a higher ranking, positioned at #35 out of 62 brokers by ForexBrokers.com, compared to Exness, which holds the #47 spot.
| 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 62 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 #62.
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
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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 |
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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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