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 account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and LegacyFX both let you trade forex either as CFDs or spot, but their overall investment menus differ a lot. Fineco lists 9,770 tradeable symbols and 54 forex pairs, while LegacyFX offers 425 symbols and 44 pairs. Fineco also provides access to exchange-traded U.S. and international shares—so you can buy stocks like Apple (NASDAQ: AAPL) and Vodafone (London)—whereas LegacyFX does not offer exchange-traded securities.
Feature-wise, LegacyFX supports copy trading and cryptocurrency CFDs, while Fineco does not offer either; neither broker lets you buy actual crypto. For range of investments, Fineco is rated 4.5/5 stars and ranks #17 of 63 brokers at ForexBrokers.com, compared with LegacyFX at 3.5/5 stars and #49. In short, choose Fineco if you want a bigger selection and direct stock investing, or LegacyFX if copy trading and crypto CFDs are higher on your list.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 425 |
| Forex Pairs (Total) | 54 | 44 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
When comparing trading platforms and tools, Fineco earns 4 stars and ranks #18 out of 63 on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #61. Fineco offers its own in-house platform along with Windows desktop and web-based trading, but it does not support MT4 or MT5, and it lacks paper trading, copy trading, and trading directly from charts. LegacyFX, by contrast, provides Windows and web platforms, supports MT5 (but not MT4), includes a free demo for paper trading, enables copy trading, and lets you place trades straight from charts.
If you want a broker with a proprietary platform, Fineco stands out; if you value a practice account, social features, and MT5 access, LegacyFX is appealing. Specific counts for charting indicators and watch list columns aren’t published for either broker. Overall, Fineco suits traders who prefer a streamlined, broker-built platform, while LegacyFX may be better for those who want to test strategies in a demo and tap into copy trading and MT5.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Fineco and LegacyFX both offer mobile trading apps for iPhone and Android, and each supports price alerts for stocks and forex. In overall app quality, Fineco holds a 4-star rating and ranks #43 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while LegacyFX has a 3.5-star rating and ranks #62.
For charting, the trade-off is clear: Fineco includes 6 technical studies and does not support drawing trendlines or auto-saving drawings. LegacyFX offers 30 technical studies, plus trendline drawing with auto-save. Neither app syncs watchlists between mobile and the online account. Choose Fineco if you prefer a simpler app with a higher overall rating; pick LegacyFX if you want more charting tools and drawing features on your phone.
| Feature |
Fineco
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 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, 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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Fineco vs LegacyFX for beginner education, both brokers make it easy to start learning. Each runs monthly live webinars and offers at least 10 beginner-friendly video lessons that explain trading basics and platform use. That combination gives new traders clear, step-by-step help. One key difference appears as you progress: LegacyFX also provides at least 10 advanced videos for experienced traders, while Fineco does not, which may matter if you plan to keep leveling up your skills with the same broker.
On scores, Fineco is rated 4.0 out of 5 for Education, while LegacyFX is rated 3.5 out of 5. In category rankings from 63 brokers, LegacyFX sits at #35 and Fineco at #49. For beginners who value frequent webinars and a solid set of starter videos, both are strong picks. Choose Fineco if you prefer the higher star rating for Education, or pick LegacyFX if you want beginner materials plus a larger path into advanced video training.
| Feature |
Fineco
|
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 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
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LegacyFX
|
|---|---|---|
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| Trust Score | 94 | 67 |
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Fineco offers neither actual cryptocurrency purchases nor crypto CFDs, whereas LegacyFX does not support buying delivered crypto but does allow trading cryptocurrency via CFDs.
Online broker Fineco supports ACH/SEPA transfers for deposits and withdrawals, while LegacyFX does not; information about PayPal, Skrill, Visa/Mastercard, and bank wire options was not provided for either broker.
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 | Fineco | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | LegacyFX Review |
| Broker Screenshots | Fineco | LegacyFX | |
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| 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, FSRA, or SCA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | No | Yes |
| Funding | Fineco | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Fineco | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Fineco | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Fineco | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | |||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Fineco | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Fineco Review | LegacyFX Review |
| Overall | Fineco | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | Fineco Review | LegacyFX Review |
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