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 |
When comparing the commissions and fees of IUX and LegacyFX, IUX provides a variety of account types, allowing traders to choose between spread-only accounts and commission-based accounts, suitable for both casual and active traders. With a minimum deposit of $10, the Standard and Standard+ accounts differ mainly in spread width and promotional offers. The Standard account provides lower spreads without bonuses, while the Standard+ offers bonuses but with wider spreads. For active traders, the Raw account requires a $500 deposit and offers the narrowest spreads with a commission of $6 per standard lot, while the Pro account, with the same deposit requirement, operates on lower spreads compared to Standard accounts, minus the commission. IUX's average spread for EUR/USD is 0.7 pips on the Pro account and about 0.6 pips on the Raw account when factoring in the commission. IUX earns a 4-star rating and ranks 48 out of 63 brokers in the Commissions and Fees category on ForexBrokers.com.
LegacyFX presents a more complex fee structure, depending on whether traders are utilizing its EU or Vanuatu entities. The EU entity offers Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000, respectively. Spreads are most favorable with the Platinum account, whereas the Silver account comes with significantly higher trading costs, starting at 1.6 pips for EUR/USD. In contrast, LegacyFX's Vanuatu entity provides a selection of seven accounts with varying minimum deposits, ranging from $500 to $50,000, each offering different levels of client support and access to trading tools. Unfortunately, LegacyFX doesn’t provide comprehensive data on average spreads, making a precise cost comparison challenging. Consequently, LegacyFX holds a 3.5-star rating and ranks 57 out of 63 brokers for Commissions and Fees on ForexBrokers.com.
In essence, IUX is a competitive choice for traders, especially those interested in lower deposit requirements and a mix of spread-only and commission-based options. On the other hand, while LegacyFX offers a vast selection of accounts tailored to varying levels of trader experience and resources, the lack of specific average spread information can be a drawback when seeking transparent cost structures. Both brokers have their strengths, but traders should consider their preferences and budget before making a decision.
| 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.
When comparing the investment offerings of IUX and LegacyFX, both brokers provide forex trading as a CFD or spot contract. However, LegacyFX stands out with a significantly larger array of tradeable symbols, boasting 425 compared to IUX's 152. For forex pairs, LegacyFX also has a slight edge, offering clients 44 options, whereas IUX provides 34. When it comes to exchange-traded securities, neither broker facilitates access to U.S. exchanges. That said, IUX does allow clients to purchase securities on international exchanges, like the London Stock Exchange, a feature LegacyFX does not offer.
In terms of advanced trading features, LegacyFX takes the lead by offering copy trading, a feature absent from IUX's platform. Both brokers give users the chance to invest in cryptocurrency derivatives, though neither supports the purchase of actual, delivered cryptocurrencies. Despite their differences, both brokers have been rated 3.5 stars for their range of investments. According to ForexBrokers.com, LegacyFX ranks higher at #48 out of 63 brokers, compared to IUX's position at #60, reflecting a slightly broader appeal in their range of offerings.
| 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.
When comparing the trading platforms and tools of IUX and LegacyFX, both brokers share some common features but also have distinct differences. Both IUX and LegacyFX offer free virtual demo accounts to help new traders practice without risk. However, IUX develops its own proprietary platform, providing users with a unique in-house experience, while LegacyFX does not have a proprietary offering. Both brokers support Windows-based desktop platforms and web-based platforms, ensuring traders can access their services through preferred devices. Additionally, while both IUX and LegacyFX support MetaTrader 5, only LegacyFX offers copy trading, allowing traders to mimic the strategies of others, whereas IUX does not provide this option.
In terms of charting and trading tools, IUX shines with a greater variety of drawing tools—offering 89 compared to LegacyFX's 15. Both platforms allow traders to execute trades directly from stock charts, providing a smooth trading experience. When it comes to watchlists, IUX offers more customization with 46 different columns for fields, compared to the 7 columns offered by LegacyFX. Despite these differences, both brokers have the same rating of 3.5 stars for their trading platforms and tools, reflecting a consistent user experience. Ranked closely by ForexBrokers.com, IUX is positioned at #59 while LegacyFX follows closely at #60 out of 63 brokers in the category.
| 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.
When looking at the mobile trading apps provided by IUX and LegacyFX, both brokers offer apps compatible with iPhone and Android devices, making them accessible to a broad range of users. A standout feature for IUX is the availability of 106 technical studies for charting, far surpassing LegacyFX, which offers 30. However, unlike LegacyFX, IUX does not provide price alerts or the ability to draw trendlines directly on charts. Both platforms support viewing multiple time frames and allow users to create watchlists with real-time quotes. Additionally, both mobile apps ensure that chart drawings are auto-saved.
In terms of synchronizing watchlists across devices, neither IUX nor LegacyFX offers this feature. Despite having a higher number of technical studies, IUX is ranked #60, while LegacyFX closely follows at #61 out of 63 brokers on ForexBrokers.com for mobile trading apps. Interestingly, both have earned a rating of 3.5 stars out of 5, suggesting a comparable level of user satisfaction. Overall, while IUX excels in technical analysis features, LegacyFX offers the benefit of price alerts and charting tools that include trendline drawing, catering to diverse trading preferences.
| 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.
When comparing the market research offerings of online brokers IUX and LegacyFX, LegacyFX stands out by providing daily market commentary and access to forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. In contrast, IUX does not offer these services. Both brokers choose not to include a sentiment-based trading tool, research from TipRanks, or tools from Acuity Trading. However, they each provide an economic calendar to keep users informed of global news events.
LegacyFX makes an additional impact by offering technical analysis and research tools from Autochartist, whereas IUX lacks offerings from both Autochartist and Trading Central. When evaluating their overall research performance, LegacyFX edges ahead with a 3.5-star rating, compared to IUX's 3-star rating. According to ForexBrokers.com, LegacyFX is ranked #46 out of 63 brokers for research, while IUX is placed further down the list at #59.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IUX and LegacyFX provide educational resources to assist beginners in understanding forex and CFDs trading. However, there are notable differences in what each offers. While LegacyFX provides a wide variety of educational content, with more than ten resources like articles and videos focused on forex and CFDs, IUX falls short in this area. LegacyFX also hosts monthly webinars and maintains an archive of past sessions, giving learners flexible options for expanding their knowledge. Both brokers, however, do offer over ten beginner educational videos to help newcomers start their trading journey.
When it comes to advanced learning, LegacyFX continues to outshine IUX by offering over ten advanced educational videos, making it a better pick for those seeking a deeper understanding. Additionally, LegacyFX provides an investor dictionary with over 50 definitions, proving useful for those trying to grasp complex terms. With a slightly higher education rating of 3.5 stars compared to IUX's 3 stars, and a better ranking by ForexBrokers.com (#35 versus #59), LegacyFX seems to offer a more comprehensive set of educational tools for those new to trading.
| 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
|
LegacyFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 78 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IUX | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | IUX | LegacyFX | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| 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 | 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | 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 | 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 | LegacyFX Review |
| Overall | IUX | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill