Written by ForexBrokers.com
In this head to head comparison of Markets4you 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.
Established in 2007, Markets4you is an online broker that operates as a private entity and is not affiliated with any banking institution. It holds no Tier-1 or Tier-2 licenses, which impacts its standing in terms of regulatory oversight and trust. With a Trust Score of 61 from ForexBrokers.com, Markets4you is categorized as high risk, suggesting caution for potential investors.
LegacyFX entered the online trading scene in 2012 and, like Markets4you, is neither publicly traded nor a bank. However, it holds one Tier-1 license, earning it a moderate level of trust. With a ForexBrokers.com Trust Score of 67, LegacyFX is also considered high risk, though it scores slightly better than Markets4you. This difference in regulatory backing and trust scores could be a determining factor for those seeking a more secure online trading experience.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Year Founded | 2007 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Markets4you and LegacyFX both have their own unique offerings. Markets4you does not provide specific average spread data, making it challenging to pinpoint precise trading costs. Despite this lack of transparency, Markets4you receives a commendable 3.5-star rating for commissions and fees, and is ranked #54 out of 63 brokers by ForexBrokers.com.
LegacyFX, on the other hand, divides its services between two entities: an EU entity regulated by CySEC and an international entity in Vanuatu. The EU entity offers three account types—Silver, Gold, and Platinum—each with progressively higher minimum deposits and varying spreads. Notably, the Silver account comes with the highest trading costs. For international clients, LegacyFX offers seven account types with the Standard account starting at a $500 deposit. Despite having a diverse range of accounts, LegacyFX, like Markets4you, does not provide average spread data. This, coupled with its wide range of options, results in a 3.5-star rating for commissions and fees, placing it at #57 out of 63 brokers according to ForexBrokers.com.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | 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.
Markets4you and LegacyFX both cater to forex and CFD traders, offering competitive services in the trading arena. Both platforms provide access to forex trading as either a CFD or spot contract. Markets4you offers 150 tradeable symbols, including 43 forex pairs, while LegacyFX supplies a more extensive range with 425 symbols and 44 forex pairs. Neither broker allows trading of exchange-traded securities, such as shares on U.S. or international exchanges like Apple or Vodafone. However, both Markets4you and LegacyFX enable clients to engage in copy trading and offer cryptocurrency derivatives without facilitating the purchase of actual cryptocurrencies.
In terms of investment range, both brokers receive an equal rating of 3.5 stars despite their differences in offerings. However, they vary in rankings on ForexBrokers.com, with Markets4you positioned at #58 and LegacyFX at a slightly higher #48 out of 63 brokers. Whether you choose Markets4you with its more limited range or opt for LegacyFX's broader selection, both platforms aim to satisfy modern traders with their array of investment options.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 425 |
| Forex Pairs (Total) | 43 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | 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). | 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 choosing between Markets4you and LegacyFX for your trading needs, understanding their platforms and tools can make a significant difference. Both brokers provide simulated trading with free virtual demo accounts, ensuring newcomers can practice without financial risk. Markets4you stands out with its proprietary trading platform, giving it a unique edge over LegacyFX, which does not offer a platform developed in-house. Both brokers offer web-based and Windows desktop platforms, alongside the popular MetaTrader 5. However, only Markets4you supports MetaTrader 4, offering more flexibility for MT4 enthusiasts. In terms of copy trading, both platforms deliver similar experiences, yet neither incorporates DupliTrade or ZuluTrade at this time.
When it comes to analytical tools, both brokers equip traders with 15 drawing tools for charting, while the number of technical indicators remains unspecified. Both Markets4you and LegacyFX allow users to trade directly from stock charts and offer watch lists with seven customizable columns. Despite similar offerings, Markets4you edges out LegacyFX in overall ratings, achieving four stars compared to LegacyFX’s 3.5 stars. Additionally, ForexBrokers.com ranks Markets4you higher at #52 for trading platforms and tools out of 63 brokers, whereas LegacyFX holds the #60 spot. This performance disparity highlights Markets4you as potentially offering a more comprehensive trading platform experience.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Markets4you and LegacyFX, both platforms offer apps for iPhone and Android users, ensuring access to the stock and forex markets on the go. Traders can remain informed with price alerts offered by both brokers. Each app provides the ability to create watchlists with real-time quotes, vital for tracking market movements. However, neither Markets4you nor LegacyFX supports watchlist symbol syncing, meaning modifications made on the app won't be transferred across devices or platforms. Additionally, both platforms offer 30 technical studies for charting, support for trendline drawing, the ability to view multiple time frames, and the capability to auto-save chart annotations.
Despite these similarities, Markets4you stands out with a marginally better rating, earning 4 stars compared to LegacyFX's 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, where Markets4you is positioned at #50, while LegacyFX is ranked at #61 among 63 brokers. This suggests that Markets4you may offer a slightly enhanced user experience in terms of mobile trading capabilities. With both brokers offering essential mobile features, prospective users might consider the overall app ratings and rankings when choosing between them.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | 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 Markets4you and LegacyFX for market research, both online brokers offer daily market commentary and provide forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. Each platform integrates technical analysis tools, with both offering features from Autochartist. However, Markets4you takes a slight edge by incorporating Trading Central's tools, something that LegacyFX lacks. Neither broker provides sentiment-based tools or research from TipRanks or Acuity Trading, but both do include an economic calendar to track global news events.
In terms of user satisfaction, both Markets4you and LegacyFX earn a 3.5-star rating for research capabilities. While these brokers mirror each other closely in most research offerings, the integration of Trading Central gives Markets4you a nuanced advantage. Despite this, LegacyFX slightly outranks Markets4you by ForexBrokers.com, placing 46th out of 63 brokers compared to Markets4you's 47th position. This close ranking reflects their similar strengths in delivering market research tools and resources.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | 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.
When it comes to educational resources for beginners, both Markets4you and LegacyFX provide foundational support, but with notable differences. Both online brokers offer a variety of educational materials like articles, videos, and archived webinars, ensuring new traders have access to at least ten pieces of content focused on forex and CFDs. However, LegacyFX stands out by offering monthly online educational webinars and a wider array of videos tailored to beginners and advanced traders alike, providing a more comprehensive learning experience. Although both brokers maintain a searchable archive of past webinars, LegacyFX enhances its educational offerings by providing a detailed investor dictionary with definitions of over 50 investing terms, which Markets4you does not.
Despite these differences, both Markets4you and LegacyFX share the same educational rating of 3.5 stars, indicating a relatively similar level of user satisfaction. However, Markets4you is ranked higher for education among 63 brokers by ForexBrokers.com, sitting at #26, compared to LegacyFX's position at #35. While LegacyFX offers a more extensive educational platform with diverse resources that benefit both beginners and seasoned traders, Markets4you holds its own with essential resources and a better ranking, suggesting different strengths that cater to varying learning preferences among traders.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | No | 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 Markets4you is better than LegacyFX. Markets4you finished with an overall rank of #56, while LegacyFX finished with an overall rank of #63.
| Feature |
Markets4you
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 61 | 67 |
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When comparing online brokers Markets4you and LegacyFX, neither platform offers the ability to buy actual (delivered) cryptocurrency, but both provide options to trade cryptocurrency derivatives.
Both Markets4you and LegacyFX do not support ACH, SEPA, or PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire options for transferring funds.
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 | Markets4you | LegacyFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Markets4you | LegacyFX | |
|---|---|---|---|
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| Regulation | Markets4you | LegacyFX | |
|---|---|---|---|
| Trust Score | 61 | 67 | |
| Year Founded | 2007 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Markets4you | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Markets4you | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets4you | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 425 | |
| Forex Pairs (Total) | 43 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | 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). | 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 | Markets4you | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets4you | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Markets4you | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets4you | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets4you | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Markets4you | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets4you | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets4you | LegacyFX | |
|---|---|---|---|
| GBP/USD | No | Yes | |
| USD/JPY | No | Yes | |
| EUR/USD | No | Yes | |
| USD/CHF | No | Yes | |
| USD/CAD | No | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | No | Yes | |
| Review | LegacyFX Review |
| Overall | Markets4you | LegacyFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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