Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
When comparing FxPro and LegacyFX, there's a noticeable difference in their regulatory standing and trust levels. Established in 2006, FxPro operates not only as an online broker but also as a bank, and it is not publicly traded. In terms of regulatory credibility, FxPro holds two Tier-1 licenses, recognized as highly trusted, and one Tier-2 license, considered trusted. These factors contribute to its impressive Trust Score of 93 out of 99 according to ForexBrokers.com, marking it as a highly trusted choice for traders.
LegacyFX, founded in 2012, is also not publicly traded and does not operate as a bank. It holds one Tier-1 license, making it highly trusted, but lacks any Tier-2 licenses. As a result, LegacyFX has a Trust Score of 67 out of 99 from ForexBrokers.com, placing it in the high-risk category. While both brokers offer online trading services, FxPro stands out with its higher level of trust and more extensive regulatory approval.
| Feature |
FxPro
|
LegacyFX
|
|---|---|---|
| Year Founded | 2006 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When examining the commissions and fees of FxPro and LegacyFX, both brokers deliver varied pricing structures that cater differently to traders. FxPro charges higher-than-average pricing compared to peers like Pepperstone or IC Markets. On the MetaTrader 4 platform, traders can select either variable or fixed spreads, with spread pricing available via instant and market execution methods. Moreover, the cTrader platform offers competitive commission-based pricing, with an effective spread for the EUR/USD pair at about 1.27 pips, based on FxPro's 2020 data. This includes an average spread of 0.37 pips and a commission-equivalent of 0.9 pips. Notably, FxPro is ranked #32 out of 63 brokers by ForexBrokers.com for its commissions and fees, garnering a 4-star rating in this category.
LegacyFX presents its pricing with more variation depending on the entity, either its EU entity regulated by CySEC or its international entity in Vanuatu. In the EU, LegacyFX offers Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000, respectively. Spreads are lowest on the Platinum account, becoming progressively higher with the Silver account starting at 1.6 pips on the EUR/USD. Internationally, there are seven account types with a minimum deposit stretching from $500 for Standard accounts up to $50,000 for VIP accounts. However, the lack of average spread information makes it challenging to pinpoint the exact costs. LegacyFX receives a 3.5-star rating and is ranked #57 in the ForexBrokers.com's Commissions and Fees category.
Both FxPro and LegacyFX cater to different trading needs. FxPro's strength lies in its competitive pricing on the cTrader platform for professional traders, with its spread and commission structure suited for those willing to handle slippage and requotes. However, despite FxPro's higher pricing, it offers traders an Active Trader program with discounts of up to 30%, a feature less favorable compared to what's provided by competitors like FOREX.com, IG, and Saxo. LegacyFX, on the other hand, caters to a wider range of international clientele through its seven account types, but the lack of detailed spread information could pose challenges to assessing true trading costs. Each broker has its unique offerings, but traders should weigh these against their trading strategies and needs.
| Feature |
FxPro
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FxPro and LegacyFX both offer forex trading as CFDs or spot contracts, allowing traders to engage with these popular financial instruments. FxPro stands out in terms of variety, providing access to 2,249 tradeable symbols, significantly more than LegacyFX's 425 options. When it comes to forex pairs, FxPro offers 70, giving it a broader selection compared to LegacyFX's 44 pairs. However, neither broker provides access to exchange-traded securities on U.S. exchanges, but FxPro does allow trading of international exchange assets, while LegacyFX does not. Both brokers support copy trading and offer cryptocurrency derivatives, but neither permits the purchase of actual cryptocurrencies.
In terms of their range of investments, FxPro earns a slightly higher rating of 4 stars, while LegacyFX comes in with 3.5 stars. This is reflected in their rankings, with FxPro at #28 and LegacyFX at #48 out of 63 brokers evaluated by ForexBrokers.com. This comparison highlights a more extensive range of options available through FxPro, which could be a deciding factor for traders looking for greater diversity in their investment choices.
| Feature |
FxPro
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 425 |
| Forex Pairs (Total) | 70 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and LegacyFX provide traders with a selection of trading platforms and tools, each catering to diverse trading preferences. FxPro stands out by offering a proprietary platform, alongside industry favorites such as MetaTrader 4 and MetaTrader 5, catering to both traditional and modern trading needs. Both brokers support trading across various devices, with Windows-based desktop platforms and web-based platforms accessible through browsers. For those looking to experience risk-free trading, both brokers offer virtual demo accounts. FxPro also supports copy trading, making it an appealing choice for traders seeking to mimic successful strategies. While neither broker offers specialized platforms like DupliTrade or ZuluTrade, FxPro does allow trading directly from stock charts, enhancing its user experience.
When it comes to charting tools and customization, FxPro leads with 25 drawing tools compared to LegacyFX's 15, though both offer the flexibility to trade directly from stock charts. In terms of watch lists, LegacyFX provides an additional column, giving users a slight edge in customization. However, FxPro's broader range of services and tools earn it a higher rating of 4 stars in trading platforms and tools, compared to LegacyFX's 3.5 stars. According to ForexBrokers.com, FxPro is ranked 17th out of 63 brokers, showcasing a more favorable position than LegacyFX, which is ranked 60th. This evaluation underscores FxPro’s stronger appeal and more comprehensive service in the competitive world of online trading.
| Feature |
FxPro
|
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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FxPro and LegacyFX, both brokers offer iPhone and Android apps, complete with features like stock or forex price alerts and the ability to draw trendlines on charts. Both apps support various time frames, allowing traders to switch between daily, weekly, and intraday views effortlessly. The creation of watchlists with real-time quotes is another shared feature, providing users with up-to-the-minute data. However, where FxPro excels is in syncing watchlist symbols between the mobile app and online account, a convenience that LegacyFX does not yet provide. Additionally, FxPro offers 65 technical studies for charting, more than double the 30 studies offered by LegacyFX, allowing for more detailed technical analysis.
The user experience for mobile trading on FxPro is more highly regarded, reflected in its 4.5-star rating and #15 ranking in the Mobile Trading Apps category by ForexBrokers.com. LegacyFX, with a 3.5-star rating, ranks significantly lower at #61 out of 63 brokers. Both apps automatically save chart drawings, adding a layer of convenience, yet the additional features and higher ratings position FxPro as a more favorable choice for those seeking a more comprehensive mobile trading experience.
| Feature |
FxPro
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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.
When comparing FxPro and LegacyFX, both online brokers provide daily market commentary and forex news from reputable sources like Bloomberg and Reuters, ensuring traders are always updated with the latest market trends. However, each platform has its unique offerings in terms of analysis tools. FxPro stands out with its use of Trading Central, delivering technical analytics that enhance forex trading with insightful data, along with a sentiment-based trading tool to gauge market mood. LegacyFX, on the other hand, provides Autochartist tools that focus on technical analysis, adding a layer of strategic insight for its users.
In relation to Economic Calendars, both brokers keep users informed about current and upcoming global news events which is essential for making timely investment decisions. Despite some similarities, FxPro edges ahead in the research category, earning a 4-star rating compared to LegacyFX’s 3.5 stars and ranks 26th out of 63 brokers by ForexBrokers.com. LegacyFX, though offering valuable resources and ranking 46th, falls slightly behind in providing a comprehensive set of research tools comparable to FxPro’s platform.
| Feature |
FxPro
|
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 at FxPro and LegacyFX, both online brokers offer a solid start, providing at least 10 educational pieces focused on forex or CFD trading. They also both come with a searchable archive of previously recorded webinars and boast an investor dictionary with over 50 investing term definitions. However, their offerings diverge when it comes to real-time educational opportunities. FxPro does not host monthly webinars, while LegacyFX delivers this valuable resource to clients eager to learn in an interactive setting.
When it comes to video content, both FxPro and LegacyFX cater to beginners with over 10 specific educational videos. However, LegacyFX offers advanced educational videos for experienced traders, filling a gap that FxPro doesn't address. These differences are reflected in their education ratings, with FxPro earning 4 stars and LegacyFX with 3.5 stars. On the broader scale, FxPro is ranked #18 by ForexBrokers.com for education compared to LegacyFX's #35 ranking, highlighting FxPro's overall edge in delivering educational resources.
| Feature |
FxPro
|
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 FxPro is better than LegacyFX. FxPro finished with an overall rank of #21, while LegacyFX finished with an overall rank of #63.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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LegacyFX
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| Trust Score | 93 | 67 |
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Both FxPro and LegacyFX do not offer the ability to buy actual cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
When comparing online brokers FxPro and LegacyFX, FxPro stands out for offering a wider range of deposit and withdrawal options including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas LegacyFX supports Skrill, Visa or Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal options.
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 | FxPro | LegacyFX | |
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| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | FxPro Review | LegacyFX Review |
| Broker Screenshots | FxPro | LegacyFX | |
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| Regulation | FxPro | LegacyFX | |
|---|---|---|---|
| Trust Score | 93 | 67 | |
| Year Founded | 2006 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | 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) | FxPro | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | FxPro | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 425 | |
| Forex Pairs (Total) | 70 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | 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 | FxPro | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | 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 | FxPro | 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 | FxPro | 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 | FxPro Review | LegacyFX Review |
| Overall | FxPro | LegacyFX | |
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| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | FxPro Review | LegacyFX Review |
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