Written by ForexBrokers.com
In this head to head comparison of GBE brokers vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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When comparing GBE brokers and LegacyFX, both established online brokers, distinct differences in their trust and regulatory standings emerge. Founded in 2013, GBE brokers boasts a ForexBrokers.com Trust Score of 71 out of 99, indicating an average risk level. Meanwhile, LegacyFX, which started a year earlier in 2012, has a slightly lower Trust Score of 67, placing it in the high-risk category. Both brokers are privately held entities and do not operate as banks, sharing a non-public trading status.
On the regulatory front, GBE brokers and LegacyFX each hold one Tier-1 license, which is highly trusted according to ForexBrokers.com standards. However, neither of them holds any Tier-2 licenses. These shared regulatory standings highlight the security measures in place, yet also point to potential areas for growth in enhancing their trustworthiness scores. For investors, these trust and regulatory details provide essential factors to consider when choosing between the two brokers.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Year Founded | 2013 | 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 |
Comparing commissions and fees, GBE brokers and LegacyFX both lack published average spread data, which makes it hard to pin down true, day-to-day trading costs. Even so, GBE brokers earns 4 out of 5 stars for commissions and fees and ranks #38 out of 63 brokers on ForexBrokers.com, while LegacyFX receives 3.5 out of 5 stars and ranks #58 out of 63.
For GBE brokers, the absence of average spreads limits pricing transparency; you’ll need to check live quotes and any swap or commission details in the platform. Based on its higher star rating and better ranking, GBE brokers is assessed as the more cost-competitive option overall compared to LegacyFX, but concrete spread averages aren’t available to confirm this.
LegacyFX’s fees depend 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). Advertised spreads are lowest on Platinum, slightly higher on Gold, and significantly higher on Silver, where the minimum spread can be as high as 1.6 pips on EUR/USD. For international clients (Vanuatu), there are seven tiers—Standard ($500), Bronze ($1,000), Silver ($3,000), Gold ($5,000), Platinum ($10,000), Premium ($25,000), and VIP ($50,000)—with higher tiers unlocking more services and tools. Since LegacyFX also doesn’t publish average spreads, your actual costs will hinge on your chosen account and current market conditions.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $1000 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
GBE brokers offers a broader range of investments than LegacyFX, with 500 tradeable symbols versus 425 and 71 forex pairs versus 44. Both platforms support forex trading, copy trading, and access to cryptocurrency derivatives. Neither broker lets you buy exchange-listed shares directly (U.S. or international), and neither supports purchasing actual cryptocurrencies—only derivatives.
For Range of Investments, both earn 3.5 out of 5 stars from ForexBrokers.com, though GBE brokers ranks slightly higher (#45 of 63) than LegacyFX (#49 of 63). If you want more choice—especially in forex pairs—GBE brokers has the edge; if the extra symbols aren’t essential, LegacyFX delivers a similar lineup.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 425 |
| Forex Pairs (Total) | 71 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
GBE brokers and LegacyFX both offer free demo (paper) trading accounts. Neither has a proprietary platform; instead they use MetaTrader. GBE brokers supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX offers MT5 only. Each broker provides a Windows desktop download and a web-based platform, plus copy trading. You can also place trades directly from charts with either broker.
For platform quality, GBE brokers is rated 4 out of 5 stars and ranks #58 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com. LegacyFX is rated 3.5 out of 5 stars, ranked #61 out of 63. If you need MT4, GBE brokers is the better fit; if you’re fine with MT5 and want web and desktop access, free demo trading, and copy trading, both will meet those needs.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
GBE brokers and LegacyFX both offer mobile trading apps for iPhone and Android. Each app includes price alerts, 30 built-in technical studies for charting, trendline drawing, and auto-saving of chart annotations. Neither app syncs watchlists between mobile and the online account. Details weren’t provided on whether you can switch among multiple time frames or create watchlists with real-time quotes in either app.
For ratings, GBE brokers scores 4 out of 5 stars and ranks 58th out of 63 brokers for Mobile Trading Apps, while LegacyFX scores 3.5 stars and ranks 62nd. If app reputation and ranking matter, GBE brokers has a slight edge; otherwise, both deliver similar core charting and alert features on mobile.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
When comparing market research at GBE Brokers and LegacyFX, both brokers provide daily market commentary and an economic calendar to track key events. LegacyFX adds an edge with forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones–style providers, and it includes Autochartist tools for technical and fundamental insights. Neither broker offers Trading Central. GBE Brokers, however, features a sentiment tool that shows the ratio of long vs. short positions across instruments, while LegacyFX does not. Availability of TipRanks or Acuity Trading tools is not specified for either broker.
According to ForexBrokers.com, GBE Brokers earns 3 out of 5 stars for Research and ranks 63rd out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 47th. In short, choose LegacyFX if you value integrated headline-grade news and Autochartist signals, and consider GBE Brokers if a built-in sentiment gauge is more important to your trading workflow.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Beginner traders comparing GBE brokers and LegacyFX will find that LegacyFX offers more structured learning. LegacyFX runs monthly educational webinars and provides at least 10 beginner video lessons plus 10 advanced videos, making it easier to build skills step by step. In contrast, GBE brokers does not run monthly webinars and does not meet the 10‑video threshold for beginner or advanced topics. For both brokers, it’s not specified whether they offer a 10+ piece forex/CFD education library, a searchable archive of past webinars, or an investor dictionary with 50+ terms.
These differences are reflected in third‑party evaluations: GBE brokers is rated 3 stars for Education and ranked 64th by ForexBrokers.com, while LegacyFX is rated 3.5 stars and ranked 35th out of 63 brokers. If you want frequent webinars and a deeper catalog of beginner and advanced videos, LegacyFX is the stronger fit; if you only need light educational content, GBE brokers may be sufficient. Check each broker’s education page for the latest details.
| Feature |
GBE brokers
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | 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 GBE brokers is better than LegacyFX. GBE brokers finished with an overall rank of #57, while LegacyFX finished with an overall rank of #63.
GBE offers 500 tradeable symbols from its CySEC-regulated entity in Cyprus, but lacks additional regulatory licenses which hampers its Trust Score, compared to leading multi-asset brokers.
| Feature |
GBE brokers
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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GBE brokers and LegacyFX both offer the ability to trade cryptocurrency derivatives, but neither platform allows for the purchase of actual, delivered cryptocurrency.
In the GBE Brokers vs LegacyFX comparison of deposit and withdrawal methods, GBE Brokers supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, whereas LegacyFX supports Skrill and bank wire transfers but not ACH/SEPA or PayPal; Visa/Mastercard availability for both is not specified.
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 | GBE brokers | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | GBE brokers | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | GBE brokers | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 2013 | 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) | GBE brokers | 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) | |||
| 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) | GBE brokers | 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 | GBE brokers | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 425 | |
| Forex Pairs (Total) | 71 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | GBE brokers | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 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 | Yes | Yes |
| Funding | GBE brokers | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $1000 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | GBE brokers | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | GBE brokers | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | GBE brokers | 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | GBE brokers | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | |||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | GBE brokers | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | GBE brokers | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | LegacyFX Review |
| Overall | GBE brokers | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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