Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
Founded in 1999, Spreadex is a private online brokerage that offers financial spread betting services. Despite not being publicly traded or functioning as a bank, Spreadex holds a Tier-1 license, indicating a high level of trust from regulators. According to ForexBrokers.com, Spreadex scores a 71 out of 99 on the Trust Score scale, placing it in the average risk category, reflecting a moderate level of reliability in the eyes of users and regulators alike.
On the other hand, LegacyFX entered the market in 2012 and shares similar traits with Spreadex, in that it is not publicly traded and holds a Tier-1 license. However, it does not hold any Tier-2 licenses. With a Trust Score of 67 from ForexBrokers.com, LegacyFX also falls into the average risk category but ranks slightly lower than Spreadex. This difference could influence the choice of investors mindful of regulatory trust and brokerage longevity.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
Spreadex posts clear pricing for its commissions and fees. In January 2024, the average spread on EUR/USD was 0.81 pips, with a 0.6-pip minimum achieved 60% of the time. For cost competitiveness, Spreadex earns 4 out of 5 stars and is ranked #28 out of 63 brokers for Commissions and Fees by ForexBrokers.com.
LegacyFX’s fees depend on which entity you use and the account tier you choose, and there are no published average spreads to gauge typical costs. In the EU (CySEC), accounts are Silver ($500 minimum deposit), Gold ($5,000), and Platinum ($25,000); the Silver account’s minimum spread on EUR/USD can be as high as 1.6 pips. Internationally (Vanuatu), there are seven tiers from Standard ($500) up to VIP ($50,000), with higher tiers offering more support and tools. LegacyFX holds a 3.5 out of 5 stars rating and is ranked #58 out of 63 for Commissions and Fees by ForexBrokers.com.
Bottom line: Spreadex provides transparent, tighter published EUR/USD pricing, while LegacyFX offers many account choices but lacks average spread data and can carry higher minimum spreads on lower-tier EU accounts. If predictable spread costs and published averages matter to you, Spreadex may be easier to evaluate; if you want tiered service levels and can meet higher deposit requirements, LegacyFX could fit, but be sure to confirm spreads for your exact account and region.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average spread (EUR/USD) - Standard account | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex offers a much wider selection of markets than LegacyFX, with 10,000 tradeable symbols versus 425. Both brokers support forex trading via CFDs/spot and list cryptocurrency CFDs (but not actual crypto). Spreadex provides 52 forex pairs compared with LegacyFX’s 44. Neither broker lets you buy exchange-traded shares directly in the U.S. or on international exchanges; both access those markets via CFDs instead.
For range of investments, ForexBrokers.com rates Spreadex at 5 stars (ranked 14th of 63) and LegacyFX at 3.5 stars (49th of 63). One key difference: LegacyFX supports copy trading, while Spreadex does not. Choose Spreadex if you want the broadest choice of markets; consider LegacyFX if copy trading matters and you’re comfortable with a smaller, still varied lineup.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 425 |
| Forex Pairs (Total) | 52 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | 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.
Comparing online brokers Spreadex and LegacyFX on trading platforms and tools: both offer free demo (paper) accounts, web-based platforms, and the ability to place trades directly from charts. Spreadex features a proprietary, in-house platform, while LegacyFX does not. LegacyFX offers a Windows desktop platform, supports MetaTrader 5 (MT5), and includes copy trading—useful if you want to mirror other traders’ strategies. Spreadex does not provide a Windows download, MT5, or copy trading. Neither broker supports MetaTrader 4 (MT4).
For ratings, ForexBrokers.com scores Spreadex at 4 stars and ranks it #47 out of 63 brokers for Trading Platforms and Tools, while LegacyFX earns 3.5 stars and ranks #61. Choose LegacyFX if you need MT5, copy trading, or a Windows desktop app. Choose Spreadex if you prefer a proprietary web platform with chart trading and an easy way to practice via a demo account.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Spreadex and LegacyFX both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. However, neither app syncs watchlists between mobile and the web platform. In independent testing, Spreadex scores higher for mobile overall, earning 4 out of 5 stars and ranking 47th out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks 62nd.
For charting, both apps let you draw trendlines. LegacyFX stands out with around 30 technical studies and it auto-saves your drawings, which can help if you revisit charts often. Spreadex does not list built-in studies for its app and does not auto-save drawings. If you want a higher-rated, more polished mobile experience, Spreadex may appeal. If you care more about built-in indicators and keeping your annotations, LegacyFX could be the better fit.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Spreadex and LegacyFX both deliver daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Autochartist-powered technical/fundamental tools, and an economic calendar. Neither broker includes Trading Central. A key difference is sentiment analysis: Spreadex offers a trader positioning/sentiment tool showing long-versus-short ratios, while LegacyFX does not.
When it comes to third-party research add-ons, Spreadex does not include TipRanks or Acuity Trading, and LegacyFX’s support for TipRanks and Acuity Trading is not specified in the details provided. Overall, Spreadex earns 4 stars for Research and ranks #32 out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks #47. If a built-in sentiment tool matters to you, Spreadex has the edge; otherwise, both brokers cover the essentials for market research.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Spreadex and LegacyFX both cater to beginners with video-led trading education. Each broker offers at least 10 beginner-focused videos that explain core forex and CFD topics in simple terms. Where they differ is live learning and progression: LegacyFX runs ongoing client webinars (at least one per month) and also provides 10 or more advanced videos for when you’re ready to go deeper. Spreadex does not host monthly webinars and doesn’t meet the same threshold for advanced videos, but it still delivers a clear, beginner-friendly video library.
Ratings and rankings paint a nuanced picture. Spreadex is rated 4 out of 5 stars for Education but ranks #45 out of 63 brokers, while LegacyFX is rated 3.5 stars and ranks higher at #35. If you want a steady stream of webinars and a path into more advanced lessons, LegacyFX may be the better fit. If you prefer straightforward beginner videos without the extras, Spreadex is also a strong option for new traders.
| Feature |
Spreadex
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | 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 Spreadex is better than LegacyFX. Spreadex finished with an overall rank of #39, while LegacyFX finished with an overall rank of #63.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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LegacyFX
|
|---|---|---|
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| Trust Score | 71 | 67 |
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Spreadex vs LegacyFX: neither online broker offers the ability to buy actual (delivered) cryptocurrency, but both provide cryptocurrency CFD (contract for difference) trading.
Spreadex vs LegacyFX: For deposits and withdrawals, Spreadex supports bank wire transfers but not ACH/SEPA, PayPal, or Skrill, while LegacyFX also does not offer ACH/SEPA and its support for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | Spreadex | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | LegacyFX Review |
| Broker Screenshots | Spreadex | LegacyFX | |
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| Regulation | Spreadex | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 1999 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | Yes | 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) | Spreadex | 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 | Spreadex | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 425 | |
| Forex Pairs (Total) | 52 | 44 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | 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 | Spreadex | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | 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 | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Spreadex | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review | LegacyFX Review |
| Overall | Spreadex | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | Spreadex Review | LegacyFX Review |
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