Markets.com vs LegacyFX 2025

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.

Regulation

Markets.com and LegacyFX offer online trading services, but there's a distinct difference in their trust ratings and regulatory standing. Established in 1999, Markets.com is a more seasoned broker with a strong trust rating of 93 out of 99 according to ForexBrokers.com, which is considered highly trusted. It holds three Tier-1 licenses and one Tier-2 license, indicating a firm regulatory foundation. On the other hand, LegacyFX, founded in 2012, has a trust score of 67, placing it in the high-risk category. It holds one Tier-1 license but lacks Tier-2 licenses, which reflects its comparatively less extensive regulatory coverage.

Neither Markets.com nor LegacyFX is publicly traded or operates as a bank. While both brokers are committed to offering online trading services, Markets.com stands out with its higher trust rating and broader regulatory credentials. Investors seeking reassurance in terms of regulation and trust may find Markets.com more appealing, given its long-standing presence in the industry and robust licensing portfolio. On the contrary, while LegacyFX provides trading services, potential users should be mindful of its trust score and regulatory details when making investment decisions.

Feature	Markets.com	LegacyFX
Year Founded info	1999	2012
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	3	1
Tier-2 Licenses info	1	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	1

Fees

Markets.com and LegacyFX land in the middle of the pack for trading costs, each earning 3.5 out of 5 stars for commissions and fees from ForexBrokers.com. Markets.com is ranked 51st out of 63 brokers in this category, while LegacyFX ranks 58th. Neither broker publishes average spread data, which makes it hard to estimate typical costs or compare them head to head.

Markets.com: Because average spreads aren’t available, you’ll need to review live quotes to understand pricing. Check whether costs are built into the spread or charged as a separate commission, and look over any non-trading fees such as overnight financing or inactivity charges.

LegacyFX: Fees vary by entity and account tier. In the EU (CySEC), there are three accounts—Silver ($500 minimum), Gold ($5,000), and Platinum ($25,000). Advertised spreads are lowest on Platinum, slightly higher on Gold, and notably higher on Silver, where the minimum spread can be as high as 1.6 pips on EUR/USD. Internationally (Vanuatu), there are seven tiers from Standard ($500) up to VIP ($50,000), mainly changing the level of support and access to tools. With no average spreads disclosed, it’s wise to check current quotes and any extra charges before choosing an account.

Feature	Markets.com	LegacyFX
Minimum Deposit info	$100	$500
Average spread (EUR/USD) - Standard account info	N/A info	N/A
All-in Cost EUR/USD - Active info	N/A info	N/A
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Markets.com and LegacyFX both support forex trading (CFD/spot) and offer copy trading. Markets.com lists 2,179 tradeable instruments with 57 forex pairs, while LegacyFX offers 425 instruments and 44 forex pairs. Both brokers provide cryptocurrency CFDs but do not support buying actual crypto. Neither broker offers direct share dealing on U.S. or international exchanges, so you can’t buy stocks like Apple or Vodafone outright.

For range of investments, Markets.com earns 4 stars and ranks #30 out of 63 brokers at ForexBrokers.com, compared with LegacyFX at 3.5 stars and #49. If you want a wider selection of symbols and slightly more forex pairs, Markets.com has the edge. LegacyFX covers the essentials with fewer markets, which may suit traders who prefer a simpler lineup.

Feature	Markets.com	LegacyFX
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	2179	425
Forex Pairs (Total) info	57	44
U.S. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	No	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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.

Trading platforms and tools

Markets.com and LegacyFX both offer free demo (paper) accounts, desktop platforms for Windows, web-based trading, and copy trading. Markets.com adds a proprietary, in‑house platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX does not have a proprietary platform and skips MT4, focusing instead on MT5. If you prefer MT4, Markets.com has you covered; if you’re fine with MT5 alone, both brokers support it.

Tool-wise, LegacyFX lets you place trades directly from charts, while Markets.com does not. Specific counts for chart indicators and watch list columns weren’t provided for either broker. According to ForexBrokers.com, Markets.com earns 4 stars and ranks #27 out of 63 for Trading Platforms and Tools, whereas LegacyFX scores 3.5 stars and ranks #61. For traders comparing platforms, these ratings suggest Markets.com has an overall edge in this category.

Feature	Markets.com	LegacyFX
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	Yes
Charting - Indicators / Studies (Total) info	89	30
Charting - Trade From Chart info	No	Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Markets.com vs LegacyFX for mobile trading: both brokers offer iPhone and Android apps with price alerts, and both let you draw trendlines on charts. The big differences show up in charting and syncing. LegacyFX packs 30 technical indicators and auto-saves your chart drawings. Markets.com’s own app does not include built‑in indicators or auto‑save, but if you use its supported MetaTrader 4 (MT4) app, you get MT4’s standard set of indicators. Markets.com also stands out for watchlist syncing between the mobile app and your web account, while LegacyFX does not sync watchlists.

In independent reviews, Markets.com earns 4 stars and ranks 34th out of 63 brokers for Mobile Trading Apps, edging LegacyFX, which scores 3.5 stars and ranks 62nd. Choose Markets.com if watchlist syncing and access to MT4’s tools matter to you. Pick LegacyFX if you want indicators built directly into a single app and prefer your drawings to auto-save.

Feature	Markets.com	LegacyFX
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	(default on MT4, none on Markets app)	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes

Dive deeper: Best Forex Trading Apps.

Market research

Markets.com and LegacyFX both deliver daily market commentary, top-tier forex news from sources like Bloomberg, Reuters, or Dow Jones, and an easy-to-read economic calendar. Neither broker offers Trading Central tools, so their baseline research lineup is similar in those areas.

The differences show up in their extras: LegacyFX includes Autochartist for pattern and signal scanning, while Markets.com does not. Markets.com offers a sentiment tool that shows long/short positioning across instruments, which LegacyFX lacks. Markets.com does not feature TipRanks or Acuity Trading; LegacyFX’s use of TipRanks or Acuity Trading isn’t clearly indicated. For ratings, Markets.com scores 4 stars and ranks #17 out of 63 for Research, while LegacyFX earns 3.5 stars and ranks #47. Choose LegacyFX if you value Autochartist, or pick Markets.com if a built-in sentiment gauge and a higher research ranking matter more.

Feature	Markets.com	LegacyFX
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central info	No	No
Client sentiment data info	Yes	No
TipRanks info	No
Acuity Trading info	No
Economic Calendar info	Yes	Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Markets.com and LegacyFX both cater to beginners who want to learn forex and CFD trading. Each broker runs ongoing client webinars at least once a month and offers sizable video libraries with at least 10 beginner-focused lessons as well as 10 advanced videos for when you’re ready to level up. That mix of regular webinars and structured videos makes it easy to build a learning path from basic concepts to more complex strategies.

When it comes to third-party evaluations, Markets.com earns 4 stars for Education and ranks #34 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #35. The results are close, but Markets.com has a slight edge overall. If you want a marginally higher-rated curriculum, go with Markets.com; if you’re after a similar lineup of webinars and beginner-to-advanced videos, LegacyFX remains a solid alternative.

Feature	Markets.com	LegacyFX
Webinars info	Yes	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Markets.com is better than LegacyFX. Markets.com finished with an overall rank of #23, while LegacyFX finished with an overall rank of #63.

Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.

Feature	Markets.com	LegacyFX
Overall Rating info
Trust Score info	93	67
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

Can you trade cryptocurrency with Markets.com or LegacyFX?

What funding options does each broker offer?

×

×

Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next

Overall Rating	Markets.com	LegacyFX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	93	67
Winner	check_circle
Review		LegacyFX Review

Broker Screenshots	Markets.com	LegacyFX
Broker Gallery (click to expand) info

Regulation	Markets.com	LegacyFX
Trust Score info	93	67
Year Founded info	1999	2012
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	Yes info
Tier-1 Licenses info	3	1
Tier-2 Licenses info	1	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	1

Tier-1 Licenses (Highly Trusted)	Markets.com	LegacyFX
Australia (ASIC Authorised) info	Yes	No
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (SFC Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	No	No
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	Yes info	Yes info

Tier-2 Licenses (Trusted)	Markets.com	LegacyFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	Yes	No
UAE (DFSA, FSRA, or SCA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

Investments	Markets.com	LegacyFX
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	2179	425
Forex Pairs (Total) info	57	44
U.S. Stocks (Shares) info	No	No
Global Stocks (Non-U.S. Shares) info	No	No
Copy Trading info	Yes	Yes
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) info	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	Markets.com	LegacyFX
Average spread (EUR/USD) - Standard account info	N/A info	N/A
All-in Cost EUR/USD - Active info	N/A info	N/A
Inactivity Fee info	No	No
Order execution: Agency info	No	No
Order execution: Market Maker info	Yes	Yes

Funding	Markets.com	LegacyFX
Minimum Deposit info	$100	$500
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info
Non-wire bank transfer info	No	No

Trading Platforms	Markets.com	LegacyFX
Proprietary Desktop Trading Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	Yes
cTrader info	No	No

Trading Tools	Markets.com	LegacyFX
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	No	Yes
Charting - Indicators / Studies (Total) info	89	30
Charting - Trade From Chart info	No	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	Markets.com	LegacyFX
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	(default on MT4, none on Markets app)	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	No	Yes
Mobile Research - Economic Calendar info	No	Yes

Research	Markets.com	LegacyFX
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central info	No	No
TipRanks info	No
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	Markets.com	LegacyFX
Webinars info	Yes	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes

Major Forex Pairs	Markets.com	LegacyFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info	Yes	Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review		LegacyFX Review

Overall	Markets.com	LegacyFX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	93	67
Winner	check_circle
Review		LegacyFX Review