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Pepperstone vs LegacyFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Pepperstone better than LegacyFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Pepperstone is considered Highly Trusted, with an overall Trust Score of 95 out of 99. LegacyFX is considered High Risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall Rating Pepperstone LegacyFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 67
Winner check_circle
Review Pepperstone Review LegacyFX Review
Broker Screenshots Pepperstone LegacyFX
Trading Platforms Gallery (click to expand) info
zoom_in Pepperstone cTrader desktop trading platform chartszoom_in zoom_in Pepperstone cTrader desktop trading platform order Autochartistzoom_in Pepperstone cTrader desktop expanded trade ticket window.zoom_in Pepperstone MT5 desktop trading platformzoom_in Pepperstone MT5 desktop trading platform chartszoom_in Pepperstone MT5 desktop trading platform watchlistzoom_in zoom_in zoom_in
LegacyFX MT5 desktop trading platformzoom_in LegacyFX MT5 desktop trading platform watchlistzoom_in LegacyFX MT5 desktop trading platform chartszoom_in LegacyFX MT5 desktop trading platform signals marketzoom_in
Mobile Trading Gallery (click to expand) info
Pepperstone cTrader mobile watchlistzoom_in Pepperstone cTrader mobile app.zoom_in Pepperstone cTrader mobile chartingzoom_in Pepperstone cTrader mobile order entryzoom_in Pepperstone MetaTrader 5 mobilezoom_in Pepperstone MetaTrader 5 MT5 mobile app watchlist.zoom_in Pepperstone MetaTrader 4 mobile chartingzoom_in
LegacyFX MT4 appzoom_in LegacyFX MT4 app chartzoom_in LegacyFX MT4 app trade ticketzoom_in LegacyFX MT4 app watchlistzoom_in
Research Gallery (click to expand) info
Pepperstone research daily market analysis articles.zoom_in zoom_in Pepperstone research videos YouTube market analysiszoom_in Pepperstone Talks YouTube playlist videos research webinars.zoom_in Pepperstone research videos YouTube channel archived webinars playlistzoom_in Pepperstone Podcast on Spotifyzoom_in
LegacyFX AutoChartistzoom_in LegacyFX economic calendarzoom_in LegacyFX market newszoom_in LegacyFX market newszoom_in LegacyFX research trading signalszoom_in LegacyFX research trading signalszoom_in
Education Gallery (click to expand) info
Pepperstone educational articles by experiencezoom_in Pepperstone archived webinars educational videos YouTubezoom_in Pepperstone research videos YouTube channel playlistszoom_in zoom_in
LegacyFX educational videoszoom_in LegacyFX educational videos on demandzoom_in LegacyFX educational webinarszoom_in LegacyFX webinars YouTube channel videos playlist.zoom_in LegacyFX webinars YouTube channel videos playlist detail.zoom_in
Regulation Pepperstone LegacyFX
Trust Score info 95 67
Year Founded info 2010 2012
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone 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 No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Pepperstone LegacyFX
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Pepperstone LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2342 425
Forex Pairs (Total) info 62 44
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 Pepperstone LegacyFX
Average Spread EUR/USD - Standard info 0.77 info N/A
All-in Cost EUR/USD - Active info 0.87 info N/A
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Pepperstone LegacyFX
Minimum Deposit info $200 $500
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Pepperstone LegacyFX
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info Yes No
ZuluTrade info No No
Trading Tools Pepperstone LegacyFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone LegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research Pepperstone LegacyFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Pepperstone LegacyFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Pepperstone LegacyFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Pepperstone Review LegacyFX Review
Overall Pepperstone LegacyFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 67
Winner check_circle
Review Pepperstone Review LegacyFX Review
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Pepperstone vs LegacyFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs LegacyFX.

Does Pepperstone or LegacyFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Pepperstone offers better pricing overall for traders.

Is Pepperstone or LegacyFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Pepperstone holds 3 global Tier-1 licenses, while LegacyFX holds 1. Pepperstone holds 2 global Tier-2 licenses, while LegacyFX holds 0. In our analysis of 23 international regulators across 50 brokers, Pepperstone (95) earned a higher Trust Score than LegacyFX (67).

Which trading platform is better: Pepperstone or LegacyFX?

To compare the trading platforms of both Pepperstone and LegacyFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Pepperstone and LegacyFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

Pepperstone provides traders 62 currency pairs (e.g., EUR/USD) compared to LegacyFX's 44 available pairs. Forex pairs aside, Pepperstone offers traders access to 2342 CFDs while LegacyFX has 425 available CFDs, a difference of 1917.

Can I trust Pepperstone?

Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by three Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 (High Risk). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the European Union via MiFID.

Can I trust LegacyFX?

LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). LegacyFX is authorised by the following tier-1 regulators: European Union Authorized (MiFID).

Is Pepperstone good?

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Is LegacyFX good?

LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.

Overall winner: Pepperstone

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announcementPlease 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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