Written by ForexBrokers.com
In this head to head comparison of IUX 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.
When comparing the online brokers IUX and LegacyFX, it's essential to consider their regulatory standings and trust ratings. Founded in 2016, IUX holds one Tier-1 license, which is highly regarded by industry standards, and one Tier-2 license, signifying a trusted status. According to ForexBrokers.com, IUX has a Trust Score of 78 out of 99, placing it in the average risk category. IUX is not publicly traded and does not function as a bank.
LegacyFX, established in 2012, also holds one Tier-1 license, aligning it with IUX in terms of regulatory trust. However, it lacks Tier-2 licensing and holds a Trust Score of 67, indicating a high-risk level according to ForexBrokers.com. Like IUX, LegacyFX is not publicly traded and does not operate as a bank. This comparison highlights IUX's slightly stronger regulatory trust placement owing to its additional Tier-2 license and higher Trust Score.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Year Founded | 2016 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
IUX and LegacyFX take different approaches to commissions and fees. IUX, an online forex broker, offers both spread-only and commission-based accounts. The Standard and Standard+ accounts require just a $10 minimum deposit; Standard features lower spreads with no promos, while Standard+ allows deposit bonuses but has wider spreads. For active traders, the Pro and Raw accounts ($500 minimum) sharpen pricing: Pro is spread-only with lower spreads than Standard and no commission, while Raw charges $6 per standard lot with the tightest spreads. For EUR/USD, IUX lists averages of about 0.9 pips (Standard), 0.7 pips (Pro), and roughly 0.6 pips effective on Raw after converting the commission—competitive, though not the absolute cheapest.
LegacyFX’s costs depend on the entity you choose. In the EU (CySEC), there are three spread-only tiers—Silver ($500 minimum), Gold ($5,000), and Platinum ($25,000)—with lower advertised spreads at higher tiers; the Silver account can run as high as 1.6 pips on EUR/USD. Under its Vanuatu entity, seven tiers range from Standard ($500) to VIP ($50,000), primarily adding service and tool access as you move up. LegacyFX does not publish average spreads, which makes it difficult to pin down real-world trading costs.
In a head-to-head look at fees and transparency, IUX offers clearer pricing and a far lower entry point, while LegacyFX leans on account tiers and higher minimums. Ratings and rankings reflect this: IUX earns 4 out of 5 stars and is ranked #49 of 63 brokers for Commissions and Fees by ForexBrokers.com; LegacyFX earns 3.5 out of 5 stars and ranks #58 of 63.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | 10 | $500 |
| Average Spread EUR/USD - Standard | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | 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.
IUX vs LegacyFX: both offer forex trading (as CFDs or spot contracts). LegacyFX lists 425 tradeable symbols compared with 152 at IUX, and 44 forex pairs versus IUX’s 34. Both let you trade cryptocurrencies via derivatives but don’t support direct coin purchases. Neither broker offers direct access to U.S.-listed shares, while only IUX provides some non-CFD shares on international exchanges.
LegacyFX includes copy trading; IUX does not. For Range of Investments, both earn 3.5/5 stars from ForexBrokers.com, though LegacyFX ranks higher (#49 of 63) than IUX (#61 of 63). Choose LegacyFX if you want more symbols and forex pairs; pick IUX if access to certain international, exchange-traded shares matters to you.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 152 | 425 |
| Forex Pairs (Total) | 34 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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). |
Dive deeper: Best Copy Trading Platforms.
IUX and LegacyFX both let you practice with a free demo account and support trading on the web and a Windows desktop app. IUX stands out for offering a proprietary platform alongside MetaTrader 5 (MT5), while LegacyFX relies on MT5 without its own in-house platform. Neither broker supports MetaTrader 4 (MT4), DupliTrade, or ZuluTrade. For social features, copy trading is available at LegacyFX but not at IUX.
Both brokers allow placing orders directly from charts. For charting tools, IUX lists 89 drawing tools versus 15 at LegacyFX, and IUX offers 46 watchlist fields compared with 7 at LegacyFX; the number of built-in technical indicators isn’t specified for either. In ForexBrokers.com’s Trading Platforms and Tools ratings, IUX and LegacyFX each earn 3.5 out of 5 stars, with category ranks of #60 and #61 out of 63 brokers, respectively.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Drawing Tools (Total) | 89 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 46 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IUX vs LegacyFX: both brokers offer mobile trading apps for iPhone and Android, with real-time watchlists, multi-timeframe charts, and auto-saving for chart drawings. Key differences show up in charting and alerts. IUX supplies a larger library of technical indicators (106 vs 30), which suits traders who rely on many studies. LegacyFX, on the other hand, includes price alerts and lets you draw trendlines on charts—two conveniences IUX does not provide. Neither app syncs watchlists between mobile and web.
In independent reviews, both apps earn 3.5 out of 5 stars. For ForexBrokers.com’s Mobile Trading Apps category, IUX ranks #61 and LegacyFX ranks #62 out of 63 brokers. If you prioritize a wider range of indicators, IUX may fit better. If you want built-in alerts and trendline drawing, LegacyFX has the edge. Either way, both platforms cover the basics on iPhone and Android.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 106 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
For market research, LegacyFX offers more day-to-day insights than IUX. LegacyFX provides daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and Autochartist tools. IUX does not provide these. Neither broker includes Trading Central analytics or a sentiment tool, but both feature an economic calendar to track key events.
According to ForexBrokers.com, LegacyFX earns 3.5 stars and ranks 47th out of 63 brokers for Research, while IUX holds 3 stars and ranks 60th. IUX does not offer TipRanks or Acuity Trading tools; LegacyFX’s availability for TipRanks and Acuity Trading is not specified. Traders who want daily commentary and premium news may prefer LegacyFX, while those who only need an economic calendar might find IUX sufficient.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking forex and CFD education, LegacyFX offers a more complete learning setup than IUX. LegacyFX provides a structured library with 10+ education pieces focused on forex/CFDs, runs monthly live webinars, and keeps a searchable archive of past sessions. It also includes 10+ beginner videos, 10+ advanced videos, and an investor dictionary with 50+ terms—useful for learning the basics and moving into more advanced topics. By contrast, IUX supplies 10+ beginner videos but does not meet the bar for a broader forex/CFD education library, and it lacks webinars, a webinar archive, advanced video depth, and an investor dictionary.
Ratings and rankings echo this gap: IUX holds a 3/5 Education rating and ranks #60 out of 63 brokers at ForexBrokers.com, while LegacyFX earns 3.5/5 and ranks #35. If you want ongoing webinars, recorded lessons, and a handy glossary to speed up your learning, LegacyFX is the stronger pick. If you only need a starter set of beginner videos without many extras, IUX can suffice.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IUX is better than LegacyFX. IUX finished with an overall rank of #55, while LegacyFX finished with an overall rank of #63.
IUX offers a basic trading experience built around MT5 and a proprietary mobile app, featuring low minimum deposits, multiple account types, and a modest range of tradeable markets.
| Feature |
IUX
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LegacyFX
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| Overall Rating |
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| Trust Score | 78 | 67 |
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Both IUX and LegacyFX provide options to invest in cryptocurrency derivatives but do not offer the ability to purchase actual, delivered cryptocurrencies.
Both IUX and LegacyFX support Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, but neither offers ACH, SEPA, 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 | IUX | LegacyFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | IUX Review | LegacyFX Review |
| Broker Screenshots | IUX | LegacyFX | |
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| Regulation | IUX | LegacyFX | |
|---|---|---|---|
| Trust Score | 78 | 67 | |
| Year Founded | 2016 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IUX | 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) | No | ||
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | IUX | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | IUX | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 152 | 425 | |
| Forex Pairs (Total) | 34 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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). |
| Cost | IUX | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | IUX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | 10 | $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 | IUX | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IUX | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 46 | 7 | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Drawing Tools (Total) | 89 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | IUX | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 106 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | IUX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IUX | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | IUX | 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 | IUX Review | LegacyFX Review |
| Overall | IUX | LegacyFX | |
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| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | IUX Review | LegacyFX Review |
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