Written by ForexBrokers.com
In this head to head comparison of IronFX 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.
IronFX, established in 2010, and LegacyFX, founded in 2012, are both online brokers that are not publicly traded nor are they banks. When comparing their regulatory standing, IronFX holds three Tier-1 licenses, seen as highly trusted, while LegacyFX has one Tier-1 license. Both brokers lack Tier-2 licenses, which are also recognized for a level of trust.
In terms of reliability, IronFX earns a Trust Score of 83 from ForexBrokers.com, classifying it as a trusted broker. Meanwhile, LegacyFX has a Trust Score of 67, indicating a higher risk. These scores reflect the brokers' adherence to financial regulations and customer protection standards, with IronFX being generally more favorable in terms of trusted licensing and overall score.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Year Founded | 2010 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
IronFX and LegacyFX take different approaches to commissions and fees, and their rankings reflect that. IronFX earns 4 out of 5 stars and ranks #47 of 63 at ForexBrokers.com for the Commissions and Fees category, while LegacyFX scores 3.5 out of 5 stars and ranks #58 of 63. Both brokers use multiple account types, which means your actual costs will depend on the account and, for LegacyFX, the entity you choose.
IronFX lists a typical spread of 1.8 pips on its Standard variable spread account, though no time range is provided and pricing can vary by account. Its zero fixed-spread account starts at 0.0 pips with a $18 per lot commission, and those fixed spreads widen to 3 pips overnight. Overall, spreads appeared higher than the industry average in our review, which is worth considering if your strategy is sensitive to costs.
LegacyFX’s pricing depends on whether you open with its EU entity (CySEC) or its international entity (Vanuatu). The EU lineup offers Silver ($500 minimum deposit), Gold ($5,000), and Platinum ($25,000), with the lowest advertised spreads on Platinum and higher costs on Silver, where the minimum spread can be as high as 1.6 pips on EUR/USD. The international entity adds more tiers—Standard ($500), Bronze ($1,000), Silver ($3,000), Gold ($5,000), Platinum ($10,000), Premium ($25,000), and VIP ($50,000)—with perks like mentoring and trading-desk access tied to higher tiers. However, LegacyFX does not publish average spreads, making it harder to gauge total trading costs compared to peers.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
IronFX and LegacyFX both let you trade forex (as CFDs or spot), and both support copy trading and cryptocurrency CFDs. IronFX lists 340 tradeable symbols with 83 forex pairs, while LegacyFX provides a broader overall catalogue with 425 symbols but fewer forex pairs at 44. Neither broker offers direct stock dealing on U.S. or international exchanges, and neither lets you buy actual, delivered crypto—only CFDs.
For range of investments, each earns 3.5 out of 5 stars. In category rankings, LegacyFX places #49 of 63 brokers, while IronFX stands at #52. Choose IronFX if you want more currency pairs to pick from; choose LegacyFX if you value a larger total number of instruments. Either way, expect CFD-focused trading with copy-trading options and no access to real shares or real crypto.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 425 |
| Forex Pairs (Total) | 83 | 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.
IronFX and LegacyFX both let you practice with a free demo (paper) account and provide Windows desktop and web-based platforms. Neither offers a proprietary platform; instead they use MetaTrader. The key difference is platform choice: IronFX supports MetaTrader 4 (MT4), while LegacyFX supports MetaTrader 5 (MT5). Both brokers also support copy trading and let you place trades directly from charts.
Tool details like the number of indicators and watchlist columns aren’t specified, but the core platform experience is similar. For Trading Platforms and Tools, both earn 3.5 out of 5 stars from ForexBrokers.com, with IronFX ranked 62nd out of 63 brokers and LegacyFX 61st. If you prefer MT4, IronFX is the natural fit; if you want MT5, LegacyFX is the better match.
| Feature |
IronFX
|
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) | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and LegacyFX both offer mobile trading apps for iPhone and Android. Each app includes stock and forex price alerts, 30 technical indicators for charting, and the ability to draw trendlines. Drawings are auto-saved within the app, making it easy to pick up where you left off.
One shared limitation is that watchlist symbols do not sync with your online account, so edits on mobile won’t carry over to desktop. Both apps are rated 3.5 out of 5 stars for mobile trading. In independent rankings from ForexBrokers.com, LegacyFX edges out IronFX at #62 versus #63 out of 63 brokers. In short, the feature sets are very similar, with LegacyFX holding a slight advantage in overall placement.
| Feature |
IronFX
|
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 |
Dive deeper: Best Forex Trading Apps.
IronFX and LegacyFX both cover the basics of forex market research. Each provides daily market commentary, top-tier news from sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key events worldwide. However, neither broker includes a sentiment tool that shows the long/short ratio across instruments.
Their toolsets differ. IronFX integrates Trading Central for technical and fundamental insights, while LegacyFX leans on Autochartist for automated chart pattern and level detection. Based on ForexBrokers.com ratings, IronFX scores 4 out of 5 stars for Research and ranks 29th out of 63 brokers, whereas LegacyFX earns 3.5 stars and ranks 47th. In short, choose IronFX if you want Trading Central analysis; pick LegacyFX if Autochartist-style pattern scanning is your priority.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IronFX and LegacyFX both provide beginner-friendly forex and CFD education through video lessons, with each broker offering at least 10 beginner videos on trading topics. LegacyFX also runs online client webinars at least once a month and supplies at least 10 advanced videos for experienced traders. IronFX does not offer monthly webinars and does not meet the same threshold for advanced videos, making its catalog more focused on getting newcomers started.
On ratings, IronFX scores 4 out of 5 stars for Education, while LegacyFX receives 3.5 out of 5. However, in category rankings, LegacyFX sits higher overall (#35 of 63) than IronFX (#44 of 63). Choose LegacyFX if you want live webinars and a path into advanced material; pick IronFX if you prefer a straightforward set of beginner videos for learning the basics of forex and CFD trading.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | 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 IronFX is better than LegacyFX. IronFX finished with an overall rank of #48, while LegacyFX finished with an overall rank of #63.
IronFX has come a long way to rebuild its brand, acquiring multiple regulatory licenses to improve its Trust Score, and creating balanced educational material. That said, pricing is an area where IronFX has room to further improve as spreads appeared higher than the industry average.
| Feature |
IronFX
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LegacyFX
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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IronFX vs LegacyFX: both online brokers do not allow buying actual (delivered) cryptocurrencies, but they do offer cryptocurrency CFD trading.
In the IronFX vs LegacyFX comparison of deposit and withdrawal methods, both brokers do not offer ACH or SEPA transfers, while the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified based on the provided information.
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 | IronFX | LegacyFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | IronFX | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | IronFX | LegacyFX | |
|---|---|---|---|
| Trust Score | 83 | 67 | |
| Year Founded | 2010 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IronFX | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | 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) | IronFX | 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 | IronFX | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 340 | 425 | |
| Forex Pairs (Total) | 83 | 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 | IronFX | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IronFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | IronFX | 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) | No | Yes | |
| cTrader | No | No |
| Trading Tools | IronFX | 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 | IronFX | 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 | IronFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | |||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | IronFX | 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 | IronFX | LegacyFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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