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 | 1.2 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
IronFX and LegacyFX both let you trade forex (as CFDs/spot) and offer copy trading. Neither broker provides access to real, exchange-traded stocks on U.S. or international exchanges, and you can’t buy actual cryptocurrency—only crypto derivatives are available.
LegacyFX lists more total instruments, with about 425 tradeable symbols versus IronFX’s 340. If your focus is currency variety, IronFX offers 83 forex pairs compared with LegacyFX’s 44. Both score 3.5 out of 5 for Range of Investments; in ForexBrokers.com’s rankings for this category, LegacyFX places #49 out of 63 brokers, while IronFX is #52.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 340 | 425 |
| Forex Pairs (Total) | 83 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Comparing IronFX vs LegacyFX for trading platforms and tools: both brokers offer free demo (paper) accounts, web platforms, and Windows desktop downloads. Neither has a proprietary platform. Copy trading is available at both brokers, but third‑party services like DupliTrade and ZuluTrade are not supported. The key difference is platform choice: IronFX offers MetaTrader 4 (MT4) but not MT5, while LegacyFX offers MetaTrader 5 (MT5) but not MT4.
For charting and workflow, both let you trade directly from the chart, include 15 drawing tools, and support 7 watchlist columns; the exact number of built-in technical indicators isn’t specified for either broker. Both earn 3.5 out of 5 stars for Trading Platforms and Tools, with ForexBrokers.com ranking IronFX #62 of 63 and LegacyFX #61 of 63. In short, pick IronFX if you prefer MT4, or choose LegacyFX if MT5 is your go-to.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IronFX and LegacyFX both check the key boxes for mobile trading: each has iPhone and Android apps, real-time watchlists, and price alerts for stocks or forex. Their charting tools are alike too, offering 30 technical studies, trendline drawing, multiple time frames (intraday to weekly), and auto-saved drawings. One notable gap for both is watchlist symbol syncing—changes you make on mobile won’t sync to your online account and vice versa.
In terms of quality scores, both apps earn 3.5 out of 5 stars. Looking at ForexBrokers.com’s rankings for Mobile Trading Apps, LegacyFX places #62 out of 63 brokers, while IronFX sits at #63. With features so similar, your choice may come down to personal preference. If you need alerts and solid charting on the go, either app works; if seamless watchlist syncing matters, you’ll need to look elsewhere.
| Feature |
IronFX
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both IronFX and LegacyFX offer solid options for those starting out in forex or CFDs trading. Each provides at least ten educational pieces, such as articles and videos, making foundational knowledge accessible. Both brokers also have searchable archives of webinars for revisiting past sessions. However, LegacyFX goes a step further by hosting monthly webinars to keep learners engaged with fresh content, a service IronFX does not provide.
Beginners can find over ten targeted educational videos with both brokers, but LegacyFX has an edge for advanced traders with additional in-depth video content. Both IronFX and LegacyFX supply an investor dictionary with more than 50 defined terms, supporting users in their learning journey. Despite LegacyFX’s broader webinar and advanced video offerings, IronFX receives a slightly higher education rating at 4 stars compared to LegacyFX's 3.5 stars. Yet, in terms of reputation, LegacyFX is ranked higher on ForexBrokers.com's Education category, standing at 35 out of 63 brokers, while IronFX is at 44.
| Feature |
IronFX
|
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 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
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 67 |
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Both IronFX and LegacyFX do not offer the ability to buy actual (delivered) cryptocurrency; however, they both provide options for purchasing cryptocurrency derivatives.
Both IronFX and LegacyFX allow account deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, but neither supports ACH, SEPA transfers, or 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 | 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/Central Bank 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | IronFX | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IronFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | IronFX | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IronFX | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | IronFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IronFX | 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 | IronFX | 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 | LegacyFX Review |
| Overall | IronFX | LegacyFX | |
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| Trust Score | 83 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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