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 | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
RoboForex and LegacyFX both let you trade forex as CFDs or spot, but their ranges differ. RoboForex lists about 8,400 tradeable symbols, far more than LegacyFX’s 425. That said, LegacyFX offers more currency pairs (44 vs 28 at RoboForex). Neither broker provides access to real, exchange‑traded shares on U.S. or international stock exchanges.
Both platforms support copy trading and let you trade cryptocurrency derivatives, but you can’t buy actual coins. For range of investments, ForexBrokers.com rates RoboForex at 4.5 stars (ranked 21 of 63) and LegacyFX at 3.5 stars (ranked 49 of 63). Pick RoboForex if you want the widest overall market selection; choose LegacyFX if a larger list of forex pairs matters more than total asset count.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 425 |
| Forex Pairs (Total) | 28 | 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.
RoboForex and LegacyFX both provide a free demo account for paper trading, Windows desktop and web platforms, and copy trading. Neither broker has a proprietary platform, and neither supports DupliTrade or ZuluTrade. For charting, both let you trade directly from charts, include 15 drawing tools, and offer watchlists with 7 fields; the number of built-in technical indicators wasn’t specified for either broker.
The main platform difference is MetaTrader access: RoboForex supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX offers MT5 but not MT4. According to ForexBrokers.com, RoboForex is rated 4 stars and ranks #44 of 63 for Trading Platforms and Tools, whereas LegacyFX is rated 3.5 stars and ranks #61. If you need MT4 and prefer higher-rated platform tools, RoboForex is the more flexible pick; if you only use MT5, either broker can work.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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.
RoboForex and LegacyFX both deliver mobile trading apps for iPhone and Android, complete with stock or forex price alerts and real-time watchlists. Their charting tools are evenly matched: each app offers 30 technical studies, lets you draw trendlines, switch among intraday, daily, and weekly time frames, and automatically saves your chart drawings.
The key limitation is the same for both: watchlists don’t sync between the mobile app and your online account. Where they differ is in ratings and rankings. Based on ForexBrokers.com, RoboForex earns 4 stars and ranks #44 out of 63 brokers for mobile trading apps, while LegacyFX earns 3.5 stars and ranks #62. If ratings and overall standing matter to you, RoboForex edges ahead, though everyday features are largely comparable.
| Feature |
RoboForex
|
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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to education for beginners, LegacyFX offers much more than RoboForex. LegacyFX meets the 10+ forex/CFD education benchmark, hosts at least one client webinar per month, keeps a searchable archive of past webinars, provides 10+ beginner videos and 10+ advanced videos, and includes an investor dictionary with 50+ terms. RoboForex does not meet these thresholds and does not offer monthly webinars, an archived webinar library, or the listed video counts and dictionary.
Both brokers hold a 3.5/5 Education rating, but ForexBrokers.com ranks LegacyFX higher (#35 of 63) than RoboForex (#57 of 63). For new traders who want webinars, a sizable video library, and a clear glossary to learn forex and CFDs, LegacyFX is the stronger choice; traders who rely on outside education may find RoboForex adequate.
| Feature |
RoboForex
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | 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 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
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|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 67 |
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Both RoboForex and LegacyFX do not offer the option to buy actual delivered cryptocurrency, but they do provide opportunities to trade cryptocurrency derivatives.
When choosing between RoboForex and LegacyFX for online trading, consider that RoboForex supports a broader range of payment methods including ACH and SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas LegacyFX offers Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal options.
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/Central Bank 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. 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 | RoboForex | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | RoboForex | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | RoboForex | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | RoboForex | 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 | RoboForex | 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 | RoboForex | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | RoboForex | 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 | 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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