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 account | 0.9 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IUX and LegacyFX both let you trade forex as CFDs or spot, and both offer crypto trading only via CFDs (not actual coins). LegacyFX lists a larger catalog overall with 425 tradeable symbols and 44 forex pairs, while IUX offers 152 symbols and 34 pairs. Each earns 3.5 stars for Range of Investments; however, ForexBrokers.com ranks LegacyFX higher (#49 of 63) than IUX (#61 of 63).
Access to exchange-traded shares differs: neither broker offers U.S.-listed stocks for direct purchase, but IUX does provide access to international exchange-traded shares, whereas LegacyFX does not. LegacyFX adds copy trading, which IUX lacks. In short, choose LegacyFX if you want more instruments and copy trading, or pick IUX if international exchange-listed shares matter to you.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 152 | 425 |
| Forex Pairs (Total) | 34 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | 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). |
Dive deeper: Best Copy Trading Platforms.
IUX and LegacyFX both cover the basics well: each provides a free demo account for paper trading, a Windows desktop platform, a web platform, and trading directly from charts. Both support MetaTrader 5 (MT5) and do not offer MetaTrader 4 (MT4). For platform variety, IUX adds a proprietary, in-house platform, whereas LegacyFX does not. On performance benchmarks from ForexBrokers.com, both earn 3.5 out of 5 stars for Trading Platforms and Tools, with IUX ranked #60 of 63 brokers and LegacyFX close behind at #61.
The key difference is copy trading: LegacyFX offers it, while IUX does not. Pick IUX if you want access to a broker-built platform alongside MT5, or go with LegacyFX if copy trading is important to your workflow. Since both let you trade from charts and use either a browser or Windows app, your choice mainly comes down to whether you value a proprietary platform (IUX) or built-in copy trading (LegacyFX).
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IUX and LegacyFX both provide iPhone and Android trading apps and each earns a 3.5-star Mobile Trading Apps rating. In ForexBrokers.com’s rankings of 63 brokers, IUX places #61 while LegacyFX follows at #62, putting them close together for overall app quality.
Feature-wise, LegacyFX supports price alerts while IUX does not. Neither app syncs watchlists with the web platform. For charting, IUX includes 106 technical studies compared with 30 on LegacyFX. LegacyFX lets you draw trendlines; IUX does not. Both apps auto-save chart drawings. In short, pick IUX if a large set of indicators matters most, and choose LegacyFX if you want alerts and the ability to draw trendlines.
| Feature |
IUX
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 106 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re comparing forex and CFD education for beginners, both IUX and LegacyFX provide a clear starting point. Each offers 10+ beginner-friendly video lessons that explain core trading topics in simple terms. The standout difference is live learning: LegacyFX hosts online client webinars at least once a month, while IUX does not. LegacyFX also adds depth with 10+ advanced videos for when you’re ready to go beyond the basics; IUX doesn’t offer that same advanced video track.
Independent ratings support this takeaway. ForexBrokers.com rates LegacyFX at 3.5 out of 5 stars for Education (ranked 35th of 63) versus IUX at 3 stars (ranked 60th of 63). For beginners who want regular webinars and a path to more advanced content, LegacyFX has the edge. If you mainly want on-demand beginner videos to get started, either broker can work.
| Feature |
IUX
|
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 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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|---|---|---|
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| Trust Score | 78 | 67 |
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In comparing online brokers IUX vs LegacyFX, neither supports buying actual (delivered) cryptocurrencies, but both let traders speculate via cryptocurrency CFDs.
Comparing online brokers IUX vs LegacyFX for funding options: both do not support ACH or SEPA transfers; IUX supports Skrill and bank wire deposits/withdrawals but not PayPal, while LegacyFX’s support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 (FSA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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). |
| Cost | IUX | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IUX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | 10 | $500 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | IUX | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | IUX | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| 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 Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 106 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | IUX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | IUX | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | IUX | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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