IronFX vs LegacyFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IronFX vs LegacyFX.
Does IronFX or LegacyFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IronFX
offers better pricing overall for traders.
Is IronFX or LegacyFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IronFX holds 2 global Tier-1 licenses, while LegacyFX holds 0. Both IronFX and LegacyFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, IronFX earned a higher Trust Score than LegacyFX.
Which trading platform is better: IronFX or LegacyFX?
To compare the trading platforms of both IronFX and LegacyFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, LegacyFX offers a better experience. With research, IronFX offers superior market research. Finally, we found LegacyFX to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.IronFX and LegacyFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
IronFX provides traders 83 currency pairs (e.g., EUR/USD) compared to LegacyFX's 44 available pairs. Forex pairs aside, LegacyFX offers traders access to 425 CFDs while IronFX has 340 available CFDs, a difference of 85.
Can I trust IronFX?
IronFX is not publicly traded and does not operate a bank. IronFX is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IronFX is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Can I trust LegacyFX?
LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
Is IronFX good?
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 Iron FX has room to further improve as spreads appeared higher than the industry average.
Is LegacyFX good?
LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.
Overall winner: IronFX
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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.