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 it comes to commissions and fees, FxPro and LegacyFX offer different structures that cater to varying trading needs. FxPro's pricing is on the higher side compared to industry peers, with flexible options depending on the platform. On FxPro's MT4 platform, traders can select between variable or fixed spreads, and choose their execution method, either instant or market, each with its own characteristics regarding requotes and slippage. The cTrader platform offers FxPro's most competitive spreads through a commission-based pricing model, with an effective spread of about 1.27 pips for the EUR/USD pair. This is a combination of an average spread of 0.37 pips and a commission-equivalent of 0.9 pips. FxPro's rating for commissions and fees stands at 4 stars, ranking 32nd out of 62 brokers on ForexBrokers.com.
LegacyFX, on the other hand, provides a more segmented account approach depending on regulatory jurisdiction. Their EU entity offers Silver, Gold, and Platinum accounts, requiring minimum deposits of $500, $5,000, and $25,000 respectively. Spreads are more favorable at higher account tiers, with the Silver account starting at a minimum spread of 1.6 pips for EUR/USD. Meanwhile, their international entity in Vanuatu has seven account types, from Standard to VIP, with minimum deposits ranging from $500 to $50,000. The trading experience and access to support services improve with the account level. Without published average spreads, assessing the true cost of trading with LegacyFX is challenging, contributing to its 3.5-star rating for commissions and fees, placing it 56th among 62 brokers according to ForexBrokers.com.
Ultimately, both brokers offer distinct advantages depending on your trading strategy and preferences. FxPro's competitive cTrader spreads and flexible execution on the MT4 platform may appeal to active traders seeking specific trade execution features. Meanwhile, LegacyFX provides a diverse account structure, which might suit traders looking for personalized support and varying trading conditions. Your choice will depend on your specific trading preferences and financial constraints.
| 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 provide opportunities for forex trading as contracts for difference (CFDs), allowing users to engage in currency trades. However, FxPro stands out with a larger selection of tradeable symbols, offering 2249 options compared to LegacyFX's 425. In terms of forex pairs, FxPro also has a wider range with 70 pairs available, whereas LegacyFX provides 44. These numbers reflect FxPro's higher ranking in the Range of Investments category by ForexBrokers.com, where it ranks #28 out of 62 brokers, compared to LegacyFX's rank of #48.
Investors interested in international stocks can find more options with FxPro, as it offers exchange-traded securities on international exchanges like the London Stock Exchange, a service not provided by LegacyFX. On the other hand, both platforms do not offer exchange-traded securities on U.S. exchanges, nor do they allow the purchase of real cryptocurrencies. Instead, they provide avenues for trading in cryptocurrency derivatives. Both brokers also feature copy trading services, where less experienced traders can mimic the strategies of seasoned investors. When assessed for their range of investments, FxPro is rated slightly higher with four stars, compared to LegacyFX’s 3.5 stars.
| 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.
When it comes to comparing FxPro and LegacyFX in terms of trading platforms and tools, both brokers offer traders solid options, but there are key differences. FxPro provides a free virtual demo account, allowing traders to practice without financial risk. It also boasts a proprietary trading platform in addition to offering popular platforms like MetaTrader 4 and 5, plus a Windows desktop platform and a web-based trading solution. In contrast, while LegacyFX guarantees a demo account and provides MetaTrader 5, it lacks a proprietary platform and MetaTrader 4 support. Both brokers facilitate copy trading, offer web-based trading, and have a similar selection of technical indicators and direct stock chart trading options.
FxPro stands out with more drawing tools for charting, while LegacyFX provides slightly more fields for watchlists. However, in ratings and rankings, FxPro is rated at four stars and ranked 17th by ForexBrokers.com, reflecting a higher satisfaction level compared to LegacyFX's 3.5 stars and 59th ranking among 62 brokers. This suggests that while both brokers cover fundamental trading needs, FxPro offers a more comprehensive and satisfying platform experience for users looking for advanced options and variety.
| 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 FxPro and LegacyFX for their mobile trading apps, both platforms cater to iPhone and Android users and allow traders to receive stock or forex price alerts. These apps enable the drawing of trendlines on charts and viewing multiple time frames, such as daily, weekly, or intraday. Additionally, both FxPro and LegacyFX apps auto-save chart drawings and support the creation of watchlists with real-time quotes. However, FxPro offers watchlist symbol syncing, meaning any adjustments made on the mobile app are mirrored on the user’s online account, whereas LegacyFX does not provide this feature.
In terms of charting capabilities, FxPro leads with 65 technical studies compared to LegacyFX's 30. This enhanced functionality might contribute to FxPro's higher user satisfaction, as reflected in its 4.5-star mobile trading app rating alongside a prominent ranking of #15 out of 62 brokers by ForexBrokers.com. LegacyFX, on the other hand, holds a 3.5-star rating and a lower ranking at #60, indicating potential improvement areas for its mobile app offerings. Ultimately, traders who prioritize extensive technical analysis features and syncing capabilities may find the FxPro mobile app more appealing.
| 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.
FxPro and LegacyFX both provide daily market commentary and forex news from renowned sources like Bloomberg and Reuters, ensuring traders have access to important financial information. While both brokers offer an economic calendar to track key global events, their tools for technical and fundamental analysis differ. FxPro collaborates with Trading Central to offer analytical tools but does not integrate Autochartist's research tools, whereas LegacyFX features Autochartist's offerings but lacks Trading Central's analytics.
Regarding sentiment-based tools, FxPro stands out by providing a sentiment trading tool showing trader positions across different currency pairs, a feature not available with LegacyFX. Both brokers do not offer research tools from TipRanks or Acuity Trading. In terms of overall research offerings, FxPro receives a higher research rating with 4 stars compared to LegacyFX's 3.5 stars and is ranked 26th out of 62 brokers by ForexBrokers.com, outperforming LegacyFX, which sits at 45th position.
| 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 it comes to educational resources for beginners, both FxPro and LegacyFX offer a solid foundation with a variety of materials designed to enhance understanding of forex and CFDs. Each platform provides over ten educational pieces, including articles, videos, and archived webinars, with a focus on these important trading areas. Both brokers boast searchable archives of past webinars, allowing users to revisit and learn from past discussions. Additionally, they each provide at least ten introductory videos focusing on trading topics specifically curated for beginners, alongside comprehensive investor dictionaries containing over fifty terms to help newcomers familiarize themselves with investment jargon.
However, there are some notable differences in their offerings for beginner traders. LegacyFX edges out with the availability of monthly educational webinars, providing a dynamic learning environment through regular live interactions, whereas FxPro falls short in this aspect. For more experienced traders, LegacyFX takes the lead by offering over ten advanced educational videos, a feature FxPro does not match. Despite these differences, FxPro boasts a slightly higher education rating of four stars and ranks 18th among 62 brokers on ForexBrokers.com, while LegacyFX holds a 3.5-star rating and ranks 35th, reflecting its broad range of educational resources for traders of all levels.
| 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 62 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 #62.
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 |
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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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