Written by ForexBrokers.com
In this head to head comparison of Pepperstone 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.
Pepperstone and LegacyFX are notable players in the online trading world, each bringing distinct qualities to the table. Founded in 2010, Pepperstone is celebrated for its high level of trust with a ForexBrokers.com Trust Score of 95 out of 99. This score reflects its solid regulatory standing, as it holds three Tier-1 licenses and two Tier-2 licenses, marking it as a highly trusted broker. Although not publicly traded or a bank, Pepperstone's comprehensive regulation ensures a secure trading environment for its users.
LegacyFX, established in 2012, offers a different perspective on trust and regulation. With a Trust Score of 67, it falls into the average risk category according to ForexBrokers.com, which is supported by its possession of only one Tier-1 license and no Tier-2 licenses. Like Pepperstone, LegacyFX is neither publicly traded nor a bank. Nonetheless, traders seeking a broker with more comprehensive regulatory credentials might find Pepperstone's offerings more comforting.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Year Founded | 2010 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone earns 4.5 out of 5 stars for commissions and fees and ranks #11 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 out of 5 stars and ranks #58. In short, Pepperstone tends to be the cheaper choice for active traders seeking tight pricing, whereas LegacyFX’s costs are harder to judge due to limited published data and can be higher on entry-level accounts.
Pepperstone’s Razor account uses a commission-based model and can be used on TradingView, MetaTrader (MT4/MT5), or cTrader. The average spread on EUR/USD was 0.10 pips (July 2024); when you add the commission-equivalent of 0.70 pips, the all-in cost comes to 0.80 pips. Its Standard account is commission-free with an average EUR/USD spread of 1.1 pips, making it pricier than Razor. High-volume traders can lower costs further via the Active Trader program: in the U.K. and EU, Professional clients trading at least £20 million in forex per month can get a 15% spread rebate per lot (up to 25% above £200 million), and in Australia, Professional clients get tiered spread reductions from 10% (100-lot minimum over three months) up to 30% for 3001+ lots per month.
LegacyFX’s pricing varies by entity and account type, and it does not publish average spreads, which makes true cost comparisons difficult. In the EU (CySEC-regulated), there are Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000; the Silver account can be costly, with the lowest minimum spread on EUR/USD starting at 1.6 pips. Internationally (Vanuatu), LegacyFX offers seven tiers from Standard ($500) up to VIP ($50,000). Higher tiers typically come with more support and tools, but without average-spread data, it’s not easy to estimate your likely all-in trading costs.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs LegacyFX: both brokers let you trade forex as CFDs or spot. Pepperstone stands out for breadth, with 1,726 tradeable symbols and 65 forex pairs, while LegacyFX lists 425 symbols and 44 pairs. Both support copy trading and let you trade cryptocurrency via derivatives, but neither lets you buy actual crypto. Also note: neither broker offers direct share dealing on U.S. or international exchanges—stock exposure is via CFDs only.
In ForexBrokers.com’s Range of Investments ratings, Pepperstone scores 4 stars (ranked 27th of 63 brokers), edging LegacyFX’s 3.5 stars (49th of 63). If you want more markets and currency pairs under one roof, Pepperstone has the wider selection; LegacyFX still covers core assets but with fewer choices.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 425 |
| Forex Pairs (Total) | 65 | 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.
Pepperstone and LegacyFX both check the basics for traders: each offers a free demo account for paper trading, Windows desktop and web-based platforms, copy trading, and the ability to place orders directly from charts. A key difference is platform choice. Pepperstone provides a proprietary platform along with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX does not have its own in-house platform and does not support MT4, but does offer MT5. If you want MT4 or an in-house platform option, Pepperstone stands out; if you’re set on MT5, both brokers can work.
Platform tools such as the exact number of technical indicators, drawing tools, watchlist fields, plus DupliTrade and ZuluTrade availability were not specified. For overall platform quality, Pepperstone is rated 4 stars and ranks #22 out of 63 brokers in the Trading Platforms and Tools category at ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #61. Based on these scores, Pepperstone has the edge for platform breadth and toolset, whereas LegacyFX may suit traders who only need MT5 and core features.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and LegacyFX both offer mobile trading apps for iPhone and Android with stock and forex price alerts. Each app includes 30 technical studies, trendline drawing, multiple time frames (from intraday to daily or weekly), auto‑saved chart drawings, and watchlists with real‑time quotes—useful for forex and CFD traders who want charting and alerts on the go.
The key difference is watchlist syncing: Pepperstone syncs symbols between the mobile app and your online account, while LegacyFX does not. Independent ratings reflect this edge—Pepperstone earns 4 stars and ranks #21 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with LegacyFX at 3.5 stars and #62. If you value seamless watchlist sync and a higher-rated mobile experience, Pepperstone is the better pick; if you just need core features on iPhone and Android, LegacyFX covers the essentials.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone vs LegacyFX for market research: Both brokers publish daily market commentary and stream forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Each includes Autochartist for technical and fundamental insights, and neither offers Trading Central. Pepperstone adds a sentiment tool that shows the ratio of long and short positions across instruments, while LegacyFX does not. Both feature an economic calendar. Pepperstone does not use TipRanks or Acuity Trading; for LegacyFX, the availability of TipRanks or Acuity Trading isn’t specified.
Pepperstone is rated 4.5/5 for Research and ranks #12 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5/5 and ranks #47. If you want built-in sentiment data alongside Autochartist and premium news, Pepperstone has the edge; if you only need the basics like daily commentary and an economic calendar, LegacyFX covers the essentials.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone vs LegacyFX for beginner education: both brokers run at least one client webinar each month and each offers 10 or more beginner videos along with 10 or more advanced videos. That combination gives new traders a clear path—from learning core forex and CFD concepts to tackling more technical topics—through short, digestible lessons and live sessions.
Some extras aren’t confirmed for either broker, such as a searchable archive of past webinars, an investor dictionary with 50+ terms, or whether their written/recorded libraries meet a 10+ piece threshold specifically for forex or CFD articles and videos. If those features are important, check each broker’s site. Based on third‑party reviews, Pepperstone holds the edge for education with a 4.5/5 rating and a #17 ranking out of 63 brokers at ForexBrokers.com, while LegacyFX earns 3.5/5 and ranks #35—useful context for beginners deciding where to learn.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | Yes |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than LegacyFX. Pepperstone finished with an overall rank of #16, while LegacyFX finished with an overall rank of #63.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
LegacyFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 67 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Pepperstone and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to invest in cryptocurrency derivatives.
Pepperstone vs LegacyFX: for deposits and withdrawals, Pepperstone supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while LegacyFX supports Skrill and bank wires but not ACH/SEPA or PayPal.
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 | Pepperstone | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 67 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | LegacyFX Review |
| Broker Screenshots | Pepperstone | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Pepperstone | LegacyFX | |
|---|---|---|---|
| Trust Score | 95 | 67 | |
| Year Founded | 2010 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 425 | |
| Forex Pairs (Total) | 65 | 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 | Pepperstone | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts [DELETED] | |||
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) [DELETED] | |||
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading 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 | Yes | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade [DELETED] |
| Trading Tools | Pepperstone | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Watchlists - Total Fields [DELETED] | |||
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | |||
| Webinars | Yes | Yes | |
| Client Webinars (Archived) [DELETED] | |||
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) [DELETED] |
| Major Forex Pairs | Pepperstone | 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 | Pepperstone Review | LegacyFX Review |
| Overall | Pepperstone | LegacyFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 67 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | LegacyFX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill