Written by ForexBrokers.com
In this head to head comparison of RoboForex 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.
RoboForex, founded in 2009, and LegacyFX, established in 2012, are two popular online brokers in the industry. Neither is publicly traded or operates as a bank. RoboForex holds one Tier-1 license, positioning it as a generally reliable option, reflected in its Trust Score of 73, which falls within the average risk category according to ForexBrokers.com. This rating suggests users should approach with a standard level of caution typical in the online brokerage space.
Similarly, LegacyFX holds one Tier-1 license, aligning it with RoboForex in terms of regulatory trustworthiness. However, with a Trust Score of 67, LegacyFX is classified as a higher risk option compared to RoboForex, as it borders closer to the high-risk category. While it remains a plausible choice for trading, potential clients might consider its score when evaluating their options, balancing the associated risk and the services provided.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, RoboForex and LegacyFX both land at 3.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees rankings, RoboForex is #56 of 63 brokers, while LegacyFX is #58 of 63. Both brokers have room to improve on clear, low-cost pricing, but they differ in how they present spreads and account options.
RoboForex’s pricing is straightforward: average EUR/USD spreads around 1.3 pips on the Procent and Pro accounts, which is on the higher side for this pair. That simplicity helps with cost expectations, even if the spreads themselves are not especially sharp for active traders.
LegacyFX’s fees depend on the entity and account type. Under its EU entity regulated by CySEC, there are three accounts (Silver, Gold, Platinum) with minimum deposits of $500, $5,000, and $25,000; the Silver account has considerably higher trading costs, with minimum spreads starting from 1.6 pips on EUR/USD. Under its international Vanuatu entity, there are seven tiers (Standard to VIP) with minimum deposits from $500 to $50,000, and higher tiers add more support and tools. A key drawback: LegacyFX does not publish average spreads, making it hard to gauge real trading costs across its accounts.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
RoboForex vs. LegacyFX: comparing the range of investments. Both brokers support forex trading as CFDs or spot contracts. RoboForex offers about 8,400 tradeable symbols, while LegacyFX lists around 425. For currency traders, RoboForex provides 28 forex pairs and LegacyFX offers 44. Neither broker provides direct access to exchange-traded shares on U.S. or international exchanges. Both support copy trading. For crypto, neither lets you buy actual coins, but both offer cryptocurrency CFDs.
According to ForexBrokers.com, RoboForex is rated 4.5 out of 5 stars for Range of Investments and ranks #21 of 63 brokers, while LegacyFX is rated 3.5 out of 5 stars and ranks #49. In short, RoboForex suits traders who want a much larger selection of symbols plus copy trading and crypto CFDs, while LegacyFX may appeal if you prefer a slightly wider lineup of forex pairs along with copy trading and crypto CFDs.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 425 |
| Forex Pairs (Total) | 28 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | 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). | 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.
RoboForex vs LegacyFX: Both brokers offer free demo (paper) trading, Windows desktop and web-based platforms, plus copy trading and the ability to place trades directly from charts. Neither has a proprietary in-house platform; instead, they use third-party software. The key difference is MetaTrader support: RoboForex provides both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX offers MT5 but not MT4—important if you rely on MT4 indicators, EAs, or workflows.
Exact counts for built-in technical indicators and watchlist columns aren’t specified and can vary by platform version. In ForexBrokers.com’s Trading Platforms and Tools ratings, RoboForex earns 4 stars and ranks #44 out of 63 brokers, while LegacyFX earns 3.5 stars and ranks #61. If you want MT4 alongside MT5—or a slightly higher-rated toolset—RoboForex has the edge; if you only need MT5, both are viable.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
RoboForex and LegacyFX both check the core boxes for trading on the go. Each broker offers an iPhone app and an Android app, supports stock or forex price alerts, and includes 30 technical studies for charting. You can draw trendlines in both apps, and your drawings auto save. One notable gap is watchlist symbol syncing: neither app syncs watchlists between mobile and the online account, so changes don’t carry over automatically.
In user ratings and industry rankings, RoboForex holds a slight edge. RoboForex’s mobile trading apps earn 4 stars and are ranked #44 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks #62 out of 63. If you want solid charting and alerts on iOS or Android, both platforms will do the job; if app quality and standing matter more, RoboForex has the advantage.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
RoboForex and LegacyFX both cover the essentials for market research: each provides daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or similar), and a global economic calendar. Both earn a 3.5 out of 5 research rating. In ForexBrokers.com’s research rankings, RoboForex sits at #38 out of 63 brokers, while LegacyFX is #47.
Tool-wise, the two take different paths. RoboForex includes Trading Central and research from Acuity Trading (Signal Centre), but it does not offer Autochartist, a sentiment tool, or TipRanks. LegacyFX offers Autochartist and likewise lacks a sentiment tool; Trading Central is not available, and the availability of TipRanks or Acuity Trading is not specified. If you value Trading Central and Signal Centre, RoboForex fits better; if Autochartist is your go-to for trade ideas, LegacyFX has the edge.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing trading education at RoboForex and LegacyFX, LegacyFX stands out. LegacyFX offers monthly educational webinars and has at least 10 beginner video lessons, plus 10+ advanced videos for when you’re ready to level up. RoboForex does not host monthly webinars and doesn’t meet the 10-video threshold for beginner or advanced topics. Both brokers earn 3.5 out of 5 stars for education, but the type and frequency of learning materials are very different.
If you want a steady stream of live sessions and a larger video library to learn forex and CFDs step by step, LegacyFX is the stronger pick. That’s reflected in its Education ranking (#35 of 63) compared with RoboForex (#57 of 63) on ForexBrokers.com. RoboForex can still serve basic learning needs, but LegacyFX makes it easier for new traders to build skills through regular webinars and structured video tutorials.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | 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 RoboForex is better than LegacyFX. RoboForex finished with an overall rank of #46, while LegacyFX finished with an overall rank of #63.
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
| Feature |
RoboForex
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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RoboForex vs LegacyFX: neither broker allows the purchase of actual delivered cryptocurrencies, but both offer trading in cryptocurrency CFDs.
In the RoboForex vs LegacyFX comparison for deposit and withdrawal methods, RoboForex supports ACH and SEPA transfers while LegacyFX does not, and details for PayPal, Skrill, Visa/Mastercard, and bank wire options were not provided.
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 | RoboForex | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | LegacyFX Review |
| Broker Screenshots | RoboForex | LegacyFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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| Regulation | RoboForex | LegacyFX | |
|---|---|---|---|
| Trust Score | 73 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | 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) | |||
| 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | RoboForex | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | RoboForex | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 425 | |
| Forex Pairs (Total) | 28 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | 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). | 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 | RoboForex | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | RoboForex | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | RoboForex | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | RoboForex | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | RoboForex | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | RoboForex | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | RoboForex | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | RoboForex Review | LegacyFX Review |
| Overall | RoboForex | LegacyFX | |
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| Trust Score | 73 | 67 | |
| Winner | check_circle | ||
| Review | RoboForex Review | LegacyFX Review |
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