Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Founded in 1999, Fineco stands out as a highly trusted online broker with a ForexBrokers.com Trust Score of 94. Publicly traded and operating as a bank, Fineco boasts two Tier-1 licenses, indicating a strong regulatory standing. These licenses contribute to its reputation in the industry, backed by its long-established presence and comprehensive regulatory compliance.
In contrast, LegacyFX, established in 2012, holds a Trust Score of 67, suggesting a higher risk profile compared to Fineco. While LegacyFX is not publicly traded nor functions as a bank, it has secured one Tier-1 license, indicating a level of regulatory acknowledgment. Despite being newer to the market, LegacyFX strives to build trust with its regulatory commitments, yet it remains a higher-risk option relative to Fineco.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Year Founded | 1999 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Fineco and LegacyFX both make it hard to pin down real trading costs because neither publishes average spreads for forex and CFDs. Fineco is rated 3.5 out of 5 stars for commissions and fees and ranks #52 out of 63 at ForexBrokers.com. LegacyFX also earns 3.5 out of 5 stars, ranking #58 out of 63 in the same category.
Fineco lists EUR/USD spreads of 1.0 pip and 0.8 pips, but these figures are not labeled as averages and no date range is provided. Even if taken at face value, 1.0 pip is higher than what many forex brokers advertise on this pair. Fineco does appear to offer lower pricing on index CFDs, but without average spread data it’s difficult to estimate your likely costs.
LegacyFX’s pricing depends on the entity and account tier. In the EU (CySEC-regulated), there are three accounts: Silver ($500 minimum), Gold ($5,000), and Platinum ($25,000). Spreads are lowest on Platinum, higher on Gold, and much higher on Silver, where the minimum spread on EUR/USD can be as high as 1.6 pips. Internationally (Vanuatu entity), seven account types are offered—Standard ($500), Bronze ($1,000), Silver ($3,000), Gold ($5,000), Platinum ($10,000), Premium ($25,000), and VIP ($50,000)—with service and tools scaling by tier. As with Fineco, LegacyFX does not publish average spreads, so gauging typical day-to-day costs remains challenging.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $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 | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the Fineco vs LegacyFX comparison for range of investments, both support forex trading as CFDs or spot. Fineco lists 9,770 tradeable symbols and 54 forex pairs, while LegacyFX offers 425 symbols and 44 pairs. Fineco lets you buy exchange-traded stocks on U.S. and international exchanges; LegacyFX does not offer real share dealing. Neither broker sells actual cryptocurrency. LegacyFX does provide crypto derivatives and copy trading, features Fineco does not.
Independent ratings highlight the difference in market access: Fineco earns 4.5 out of 5 stars and ranks 17th out of 63 brokers for Range of Investments, versus LegacyFX at 3.5 stars and 49th. Choose Fineco if you want a wide choice of markets and the ability to buy shares directly; pick LegacyFX if you value copy trading and access to crypto derivatives.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 425 |
| Forex Pairs (Total) | 54 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 trading platforms and tools, Fineco earns 4 stars and ranks #18 out of 63, while LegacyFX scores 3.5 stars and ranks #61. Fineco delivers its own proprietary platform plus both a Windows desktop and a web platform, but it does not provide a free demo (paper trading) account, doesn’t support MT4 or MT5, and lacks copy trading. LegacyFX, by contrast, offers Windows and web platforms (no in‑house platform), includes a free virtual demo account, supports MT5, and adds copy trading for those who want to mirror strategies.
On charting and workflow, Fineco lists 7 drawing tools and does not allow trading directly from charts; watchlist field counts are not available, and the number of built‑in indicators is unspecified. LegacyFX provides 15 drawing tools, enables trading directly from charts, and offers 7 watchlist columns; its indicator count is also unspecified. Neither broker integrates DupliTrade or ZuluTrade. If you value an in‑house platform and higher category ranking, Fineco stands out; if you want a free demo, MT5 access, copy trading, and more drawing tools, LegacyFX may fit better.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Fineco vs LegacyFX mobile trading apps: both brokers offer iPhone and Android apps, plus price alerts and the ability to switch between multiple chart time frames. Neither app syncs watchlist symbols between mobile and the online account. In overall app quality, Fineco earns 4 stars and ranks #43 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #62.
Tools differ more sharply. Fineco’s app includes 6 technical studies and does not support drawing trendlines or auto‑saving drawings, and it does not offer real-time watchlists. LegacyFX offers 30 technical indicators, allows trendline drawing with auto‑save, and supports real-time quote watchlists. So, LegacyFX packs more in-app charting features, while Fineco scores higher in overall rating and industry ranking—helpful context when choosing the mobile trading experience that fits your needs.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Fineco and LegacyFX share some common ground but differ in key ways. Both brokers stream forex news from top-tier sources such as Bloomberg- or Reuters-style feeds and provide an economic calendar to track upcoming events. LegacyFX stands out with daily market commentary and Autochartist tools for technical analysis, while Fineco does not offer daily commentary and lacks Autochartist. Neither broker includes Trading Central tools or a sentiment gauge showing long/short ratios.
In independent reviews, Fineco earns 4.0 out of 5 stars for research and ranks 34th out of 63 brokers at ForexBrokers.com. LegacyFX scores 3.5 out of 5 stars and ranks 47th. Choose LegacyFX if you value daily insights and Autochartist-driven trade ideas; pick Fineco if you want steady, high-quality news and a straightforward economic calendar without extra add-ons.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Fineco and LegacyFX in terms of educational resources for beginners, there are several aspects to consider. Fineco and LegacyFX both provide online educational webinars on a monthly basis, helping new traders build their skills through live sessions. However, while Fineco lacks a searchable archive of these webinars, LegacyFX offers recorded sessions that can be accessed anytime, giving users the flexibility to learn at their own pace. Both platforms cater to beginners with at least 10 introductory videos on trading topics, and each offers a comprehensive investor dictionary with definitions for over 50 investing terms, helping users get a better understanding of trading concepts.
In contrast, LegacyFX surpasses Fineco with its diverse educational materials, offering over 10 advanced videos for experienced traders, as well as a substantial collection of educational pieces focused on forex and CFDs. This broad range of resources ultimately contributes to its higher ranking in education on ForexBrokers.com, despite having a slightly lower star rating compared to Fineco. Overall, while Fineco provides a strong foundation for beginners with its educational webinars and beginner-focused content, LegacyFX offers a more extensive learning experience, particularly for those seeking advanced knowledge in trading.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | No | 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 Fineco is better than LegacyFX. Fineco finished with an overall rank of #25, while LegacyFX finished with an overall rank of #63.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In comparing Fineco and LegacyFX regarding cryptocurrency trading - neither Fineco nor LegacyFX offer the ability to buy actual, delivered cryptocurrency, but LegacyFX provides the option to buy cryptocurrency derivatives, whereas Fineco does not.
In the comparison between online brokers Fineco and LegacyFX, Fineco offers ACH, SEPA, and bank wire transfers for depositing or withdrawing account funds but lacks options like PayPal, Skrill, and Visa/Mastercard, whereas LegacyFX provides Skrill, Visa/Mastercard, and bank wire transfers but does not support ACH or SEPA transfers, nor does it offer PayPal integration.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Fineco | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | LegacyFX Review |
| Broker Screenshots | Fineco | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Fineco | LegacyFX | |
|---|---|---|---|
| Trust Score | 94 | 67 | |
| Year Founded | 1999 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | 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) | Fineco | 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 | Fineco | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 425 | |
| Forex Pairs (Total) | 54 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | Fineco | 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 | No | No | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | 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 | Fineco Review | LegacyFX Review |
| Overall | Fineco | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
