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IFC Markets vs LegacyFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IFC Markets vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IFC Markets
4/5 Stars Overall
  • Minimum Deposit: $1
  • Trust Score: 73
  • Tradeable Symbols (Total): 630
LegacyFX
3.5/5 Stars Overall
  • Minimum Deposit: $500
  • Trust Score: 67
  • Tradeable Symbols (Total): 425

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.

Regulation

IFC Markets and LegacyFX are two online brokers that offer trading services but differ significantly in terms of regulatory status and trust. Founded in 2006, IFC Markets has been in the industry longer than LegacyFX, which was established in 2012. Neither of the companies is publicly traded or operates as a bank. Regulatory-wise, IFC Markets holds one Tier-2 license, marking it as trusted by ForexBrokers.com, whereas LegacyFX doesn't hold any Tier-2 licenses. Moreover, IFC Markets boasts a Trust Score of 73, categorizing it under average risk, while LegacyFX has a lower score of 67, making it high risk according to the same rating criteria.

LegacyFX stands out by holding one Tier-1 license, indicating a high trust level despite its lower overall Trust Score. In contrast, IFC Markets currently lacks any Tier-1 licenses. Consequently, when weighing these brokers' regulatory credentials, LegacyFX provides an edge with its Tier-1 certification, although it doesn't necessarily translate to a higher overall trustworthiness compared to IFC Markets. Both brokers offer distinct advantages, and traders may consider these factors when choosing a platform that aligns with their security priorities.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Year Founded info 2006 2012
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 0 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, IFC Markets earns 4 out of 5 stars and is ranked #40 of 63, while LegacyFX scores 3.5 out of 5 stars and ranks #58 of 63. Overall, IFC Markets provides clearer pricing and can be more cost-effective for active traders, whereas LegacyFX’s costs vary by entity and account tier with limited transparency on average spreads.

IFC Markets lists an average EUR/USD spread of 1.44 pips on its standard offering, which is higher than the industry average of 1.08 pips. Active traders can find better value on the ECN account, where the effective EUR/USD spread is about 1.1 pips after factoring in a 0.005% commission on both sides of each trade. The absence of inactivity fees and the availability of active-trader discounts further help reduce ongoing trading costs.

LegacyFX’s pricing depends on whether you use its EU (CySEC) or international (Vanuatu) entity and which account tier you choose. In the EU, Silver, Gold, and Platinum accounts require minimum deposits of $500, $5,000, and $25,000, respectively; spreads are lowest on Platinum, while Silver can be costly with minimum EUR/USD spreads as high as 1.6 pips. Internationally, there are seven account types with deposits from $500 to $50,000, and benefits scale with the tier. However, LegacyFX does not publish average spreads, making it harder to gauge real trading costs compared to IFC Markets.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Minimum Deposit info $1 $500
Average Spread EUR/USD - Standard info 1.44 info N/A
All-in Cost EUR/USD - Active info 1.1 info N/A
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IFC Markets offers a wider range of investments than LegacyFX, with 630 tradable symbols versus 425. For forex specifically, IFC Markets lists 49 currency pairs compared with 44 at LegacyFX, and both brokers let you trade forex either as CFDs or spot. Each also supports copy trading. When it comes to crypto, both brokers offer cryptocurrency derivatives but do not allow buying the actual coins.

Neither broker lets you buy U.S.-listed shares directly, but IFC Markets stands out by offering access to some international exchange-traded securities (not CFDs), while LegacyFX does not. For range of investments, both earn 3.5 out of 5 stars. In ForexBrokers.com’s category rankings out of 63 brokers, IFC Markets places 44th and LegacyFX ranks 49th.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 425
Forex Pairs (Total) info 49 44
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

IFC Markets and LegacyFX both offer free demo accounts, web platforms, Windows desktop software, and copy trading. The key difference is platform lineup: IFC Markets provides its own proprietary platform and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX does not have a proprietary platform and offers MT5 but not MT4. Neither broker integrates with DupliTrade or ZuluTrade.

For charting and workflow, both brokers let you trade directly from charts, include 15 drawing tools, and offer watchlists with seven data fields. According to ForexBrokers.com, IFC Markets is rated 4 out of 5 stars and ranks 37th out of 63 brokers for Trading Platforms and Tools, while LegacyFX earns 3.5 stars and ranks 61st. In short, choose IFC Markets if you want MT4 and an in-house platform; pick LegacyFX if MT5 with standard web and desktop access fits your style.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IFC Markets vs LegacyFX mobile app comparison: Both brokers offer iPhone and Android apps with price alerts, real-time quote watchlists, and charting that includes 30 technical indicators. You can draw trendlines, switch between intraday, daily, and weekly time frames, and your drawings auto-save. The standout difference is syncing—IFC Markets syncs watchlist symbols between the mobile app and your online account, while LegacyFX does not, which can matter if you move between devices.

On scores, IFC Markets earns 4 stars and ranks 53rd out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks 62nd. If cross-device watchlist syncing and a slightly higher rating are priorities, IFC Markets has the edge; if you mainly want core charting tools and alerts on iPhone or Android, either app will cover the basics.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing IFC Markets vs LegacyFX for market research, both brokers provide daily market commentary and an economic calendar. LegacyFX stands out with forex news from top-tier sources like Bloomberg/Reuters/Dow Jones and adds Autochartist for technical and fundamental insights. IFC Markets does not offer those two, and neither broker uses Trading Central. However, IFC Markets includes a sentiment tool that shows the ratio of long vs short positions, while LegacyFX does not. IFC Markets does not include TipRanks or Acuity Trading; LegacyFX does not list these integrations.

Both brokers earn 3.5 out of 5 stars for research. In ForexBrokers.com’s rankings, IFC Markets places #41 out of 63 brokers, while LegacyFX ranks #47. Choose IFC Markets if a built-in sentiment read matters to your workflow; pick LegacyFX if you want top-tier news and Autochartist signals alongside standard commentary and calendars.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners seeking to dive into forex and CFD trading, both IFC Markets and LegacyFX provide a wealth of learning resources. Each broker offers a minimum of ten educational materials such as articles and videos that primarily focus on forex and CFDs, ensuring a solid start for newcomers. They both shine in offering beginner-centric videos, with at least ten tailored to ease beginners into the trading world. Furthermore, each platform provides advanced educational videos and an investor dictionary packed with over 50 terms, making technical jargon more accessible to traders of all levels.

While both platforms match in numerous educational aspects, LegacyFX edges ahead in live online interaction. It provides monthly webinars and maintains a searchable archive of past sessions, allowing learners to revisit key topics at their convenience. However, IFC Markets lacks this feature. Despite these differences, both brokers earn a 3.5-star rating in education, with IFC Markets slightly ahead in the ForexBrokers.com rankings at #30 compared to LegacyFX's #35. This detailed comparison should guide you in selecting the broker that aligns best with your educational needs.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IFC Markets is better than LegacyFX. IFC Markets finished with an overall rank of #45, while LegacyFX finished with an overall rank of #63.

IFC Markets is a well-established broker that has been in operation for 17 years. Forex traders at IFC Markets gain access to multiple trading platforms, a growing range of tradeable markets, and a balanced offering of research and educational content. However, IFC Markets’ Trust Score suffers due to the broker’s limited range of regulatory licenses.

Feature IFC Markets logoIFC Markets
LegacyFX logoLegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 73 67
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IFC Markets or LegacyFX?

Both IFC Markets and LegacyFX do not offer the ability to buy actual cryptocurrencies, but they do provide options for trading cryptocurrency derivatives.

What funding options does each broker offer?

When comparing online brokers IFC Markets and LegacyFX, neither offers ACH or SEPA transfers or PayPal for account funding options, while both support Visa, Mastercard, and bank wire transactions; however, only LegacyFX provides the additional option of using Skrill for deposits and withdrawals.

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Overall Rating IFC Markets LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 73 67
Winner check_circle
Review LegacyFX Review
Broker Screenshots IFC Markets LegacyFX
Broker Gallery (click to expand) info
LegacyFX MT5 desktop trading platform LegacyFX MT5 desktop trading platform watchlist LegacyFX MT5 desktop trading platform charts LegacyFX MT5 desktop trading platform signals market
Regulation IFC Markets LegacyFX
Trust Score info 73 67
Year Founded info 2006 2012
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info
Tier-1 Licenses info 0 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) IFC Markets LegacyFX
Australia (ASIC Authorised) info No
Canada (CIRO Authorised) info No
Hong Kong (SFC Authorised) info No
Japan (SFC Authorised) info No
Singapore (MAS Authorised) info No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No
USA (CFTC Authorized) info No
New Zealand (FMA Authorised) info No
Regulated in one or more EU or EEA countries (MiFID). info Yes info
Tier-2 Licenses (Trusted) IFC Markets LegacyFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No
India (SEBI Authorised) info No
Jordan (JSC Authorised) info
Investments IFC Markets LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 630 425
Forex Pairs (Total) info 49 44
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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).
Cost IFC Markets LegacyFX
Average Spread EUR/USD - Standard info 1.44 info N/A
All-in Cost EUR/USD - Active info 1.1 info N/A
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding IFC Markets LegacyFX
Minimum Deposit info $1 $500
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IFC Markets LegacyFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools IFC Markets LegacyFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IFC Markets LegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IFC Markets LegacyFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education IFC Markets LegacyFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IFC Markets LegacyFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review LegacyFX Review
Overall IFC Markets LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 73 67
Winner check_circle
Review LegacyFX Review
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