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 trading platforms and tools, FxPro and LegacyFX cater to both new and experienced traders but offer different perks. Both brokers provide free virtual demo accounts, making it easy for traders to test strategies without risk. FxPro stands out with a proprietary platform developed in-house, which might be an attractive option for traders seeking a unique and tailored experience. LegacyFX, on the other hand, does not offer a proprietary platform but does provide standard platforms like MetaTrader 5. Both brokers support web-based platforms and Windows-based desktop downloads, ensuring flexibility in how traders access their accounts.
FxPro and LegacyFX both support copy trading, offering opportunities for those interested in mimicking successful trading strategies. However, only FxPro offers MetaTrader 4, while both support MetaTrader 5. Neither broker offers DupliTrade or ZuluTrade, limiting social trading options. In terms of charting tools, FxPro offers 25 drawing tools to LegacyFX’s 15, potentially giving it an edge for technical analysis enthusiasts. Regarding interface customization, FxPro provides 6 fields for watch lists compared to LegacyFX’s 7. Overall, FxPro receives a higher rating of 4 stars for its trading platforms and tools, ranking 18th out of 62 brokers, while LegacyFX earns a 3.5-star rating, ranked 59th.
| 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.
When comparing FxPro and LegacyFX for market research offerings, both brokers provide daily market commentary and access to forex news from leading sources like Bloomberg, Reuters, and Dow Jones. However, their research tools differ in significant ways. FxPro enhances its offerings with Trading Central's technical analysis tools and a sentiment-based trading feature that provides insight into long and short positions across various instruments. In contrast, LegacyFX integrates Autochartist for technical analysis but lacks the sentiment-based trading tool available with FxPro. Both brokers offer an economic calendar to keep traders updated on global economic events.
Despite some similarities, these differences contribute to distinct research ratings and rankings. FxPro scores 4 stars for its research capabilities, earning it the 27th spot out of 62 brokers according to ForexBrokers.com. LegacyFX, while also offering solid resources, receives a slightly lower rating of 3.5 stars, positioning it at the 45th rank. This comparison highlights that while both brokers provide valuable market insights, FxPro may offer a slight edge in terms of analytical tools and trader sentiment features.
| 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 offerings for beginners between FxPro and LegacyFX, both brokers provide a minimum of ten pieces of educational content focused on forex and CFDs, including articles, videos, and archived webinars. However, LegacyFX stands out by offering regular monthly webinars for clients, a feature that FxPro does not provide. Both brokers maintain a searchable archive of their recorded webinars, benefiting traders who prefer learning at their own pace. Additionally, both platforms offer at least ten beginner-oriented educational videos, ensuring new traders have access to substantial foundational knowledge.
LegacyFX extends its educational resources with more than ten advanced videos for experienced traders, a feature FxPro lacks. On the other hand, FxPro provides an investor dictionary with more than fifty investing terms, a tool also available through LegacyFX. Despite these offerings, FxPro secures a higher educational rating of 4 stars and ranks #17 out of 62 brokers according to ForexBrokers.com, while LegacyFX is rated 3.5 stars and ranks #35. This suggests that while LegacyFX offers advanced education and webinars, FxPro's overall educational content offers a slightly more favorable experience for beginners.
| 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 |
| 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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