Written by ForexBrokers.com
In this head to head comparison of FXPrimus 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.
FXPrimus and LegacyFX are popular online brokers, each with their own set of strengths and regulatory structures. FXPrimus, established in 2009, carries a Trust Score of 71 out of 99 from ForexBrokers.com, placing it in the average risk category. It holds one Tier-1 license but lacks Tier-2 licenses. On the other hand, LegacyFX, which started in 2012, has a Trust Score of 67, indicating high risk. Like FXPrimus, it also maintains one Tier-1 license with no Tier-2 licenses. Neither broker is publicly traded or operates as a bank.
Both brokers offer a baseline of regulatory compliance, but FXPrimus edges slightly ahead concerning trustworthiness according to the ForexBrokers.com rating. When comparing these brokers, potential users might consider these ratings, alongside their personal trading needs, when determining which platform aligns better with their investment strategies. The absence of multiple high-level regulatory licenses and banking status for both firms may also factor into the decision-making process.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FXPrimus is rated 4 out of 5 stars and ranked 42 out of 63 brokers for commissions and fees by ForexBrokers.com. However, specific average spread data isn't available, making it challenging to provide a detailed cost comparison. This missing data might affect traders who prefer transparency and detail in pricing.
LegacyFX, with a slightly lower rating of 3.5 out of 5 stars and a ranking of 57 out of 63 brokers, offers a variety of account types that vary by region. In the EU, LegacyFX provides Silver, Gold, and Platinum accounts with minimum deposits ranging from $500 to $25,000. The Platinum account offers the lowest advertised spreads, while the Silver account presents higher costs with spreads starting at 1.6 pips on EUR/USD. Internationally, LegacyFX extends to seven account types, each differing in client support and access to trading tools, with minimum deposits between $500 and $50,000.
The lack of average spread data for both FXPrimus and LegacyFX means traders may not have a full picture of trading expenses, which is a critical factor often expected by those familiar with the market. While FXPrimus slightly edges out LegacyFX in terms of ratings and rankings, traders should consider their specific needs and preferences when comparing these brokers.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $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 investment options between FXPrimus and LegacyFX, both online brokers offer forex trading through CFDs and spot contracts. FXPrimus provides a selection of 140 tradeable symbols, including 42 forex pairs, while LegacyFX offers a more extensive range with 425 tradeable symbols and 44 forex pairs. Neither platform provides exchange-traded securities for buying shares directly on U.S. or international exchanges, such as Apple or Vodafone. Investors looking for copy trading and cryptocurrency derivatives will find that both brokers include these features, although they do not offer options to purchase actual cryptocurrencies.
Although FXPrimus and LegacyFX both receive a rating of 3.5 stars for their range of investments, LegacyFX appears to offer a broader selection and benefits from a better ranking, coming in at 48 out of 63 brokers compared to FXPrimus's position at 59. The differences in the number of tradeable symbols make LegacyFX a more appealing choice for investors seeking diverse options. However, both brokers maintain similar offerings in terms of copy trading and cryptocurrency derivatives, which are popular tools for modern traders. Whether you're prioritizing a greater number of tradeable symbols or specific investment features, both platforms offer reliable services to meet various trading needs.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 140 | 425 |
| Forex Pairs (Total) | 42 | 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.
When comparing the trading platforms and tools offered by FXPrimus and LegacyFX, both brokers provide users with the opportunity to experience simulated trading through free virtual demo accounts. FXPrimus stands out by offering a proprietary platform developed in-house, which is not available with LegacyFX. Both brokers support Windows-based desktop downloads and web-based trading platforms, ensuring users can trade conveniently across different devices. LegacyFX, however, does not provide the MetaTrader 4 (MT4) platform, while FXPrimus offers both MT4 and the advanced MetaTrader 5 (MT5), giving traders a wider spectrum of trading tools. Copy trading is available with both brokers, yet neither supports popular platforms DupliTrade or ZuluTrade.
FXPrimus and LegacyFX match each other by offering 15 drawing tools for charting and allowing trades to be executed directly from stock charts. Both brokers provide seven fields for watch lists, which can help traders easily monitor their portfolio. However, FXPrimus scores a slightly higher rating of 4 stars compared to LegacyFX's 3.5 stars for trading platforms and tools. This difference in user satisfaction is further reflected in their respective rankings by ForexBrokers.com, where FXPrimus is positioned at #49 out of 63 brokers, ahead of LegacyFX at #60. Overall, the variety in platforms and slightly higher ratings give FXPrimus an edge for traders who prioritize diverse trading tools and cutting-edge technology.
| Feature |
FXPrimus
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXPrimus and LegacyFX, both brokers provide a comprehensive experience for both iPhone and Android users. Each app offers the convenience of stock and forex price alerts alongside the ability to draw trendlines on charts, view multiple time frames, and create watchlists with real-time quotes. However, neither app allows for watchlist symbol syncing, which means that updates to watchlists made on mobile devices do not automatically reflect in online accounts. As a trader, you'll find 30 technical studies available for charting in both FXPrimus and LegacyFX mobile platforms.
Despite their similarities, there are slight differences in user satisfaction. FXPrimus's app holds a higher rating of 4 out of 5 stars, compared to LegacyFX’s 3.5 stars. Reflecting this satisfaction, FXPrimus ranks 48th among 63 brokers in the Mobile Trading Apps category as per ForexBrokers.com, whereas LegacyFX is positioned at 61. Both mobile apps automatically save drawings on charts, providing convenience for traders constantly on the move.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXPrimus and LegacyFX both cater to traders in need of reliable market intelligence, offering daily market commentary and economic calendars to keep their users informed about various economies worldwide. However, when it comes to the quality and depth of their research tools, the two brokers differ significantly. LegacyFX distinguishes itself with its provision of forex news sourced from reputable outlets like Bloomberg and Reuters and offers Autochartist's technical analysis tools, enhancing its appeal to traders seeking sophisticated market insights. In contrast, FXPrimus falls short in these areas, offering fewer advanced research resources.
Despite these differences, both brokers do not provide sentiment-based trading tools, market research from TipRanks, or utilize Acuity Trading's resources like the Signal Centre. When rated for research, LegacyFX slightly outshines FXPrimus with a 3.5-star rating compared to FXPrimus’s 3 stars. Furthermore, LegacyFX holds a higher research ranking position on ForexBrokers.com at #46, whereas FXPrimus ranks at #58. This indicates that while both platforms offer core research features, LegacyFX may be more attractive for traders interested in additional, high-value analytical tools and news resources.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 offered by FXPrimus and LegacyFX, both brokers deliver a good starting point for beginners keen to understand forex and CFDs trading. They each provide over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs, thus catering to novices looking to learn the fundamentals. Additionally, both platforms host monthly online educational webinars and offer access to a searchable archive of previously recorded sessions, allowing users to revisit crucial learning materials anytime at their convenience.
Delving deeper into the resources catering to a broad range of trading experience levels, LegacyFX shines by offering ten or more beginner and advanced educational videos, tailored for both novices and seasoned traders. It also enriches its educational framework with a comprehensive investor dictionary, empowering users to familiarize themselves with more than 50 investing terms. In contrast, FXPrimus doesn’t provide this depth in educational videos or a dictionary feature. While FXPrimus is rated three stars for education and ranks 51st out of 63 brokers, LegacyFX holds a slightly higher rating of 3.5 stars, ranking 35th, indicating a slight edge in educational offerings.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXPrimus is better than LegacyFX. FXPrimus finished with an overall rank of #53, while LegacyFX finished with an overall rank of #63.
FXPRIMUS is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside, besides its lack of additional top-tier licenses, is that FXPRIMUS only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both FXPrimus and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
Both FXPrimus and LegacyFX do not offer ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do provide options for Skrill, Visa or Mastercard, and bank wires.
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 | FXPrimus | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | FXPrimus | LegacyFX | |
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| Regulation | FXPrimus | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXPrimus | 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) | No | 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) | FXPrimus | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | FXPrimus | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 140 | 425 | |
| Forex Pairs (Total) | 42 | 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 | FXPrimus | 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 | Yes | Yes |
| Funding | FXPrimus | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FXPrimus | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FXPrimus | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXPrimus | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXPrimus | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXPrimus | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | FXPrimus | 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 | LegacyFX Review |
| Overall | FXPrimus | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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