Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and LegacyFX offer pathways for online trading, but their regulatory footprints differ significantly. Founded in 1996, Swissquote stands out with its publicly traded status and a solid foundation as a bank. The company boasts a top-tier ForexBrokers.com Trust Score of 99, highlighting its highly trusted reputation. This score is backed by five Tier-1 licenses and two Tier-2 licenses. These credentials indicate strong reliability and security for users navigating the trading landscape.
Compared to Swissquote, LegacyFX, established in 2012, does not trade publicly and does not function as a bank. With a ForexBrokers.com Trust Score of 67, it falls into the high-risk category. LegacyFX holds one Tier-1 license and does not possess any Tier-2 licenses. While both platforms offer trading services, Swissquote’s extensive regulatory coverage and higher trust ratings suggest it provides a more secure environment for users seeking dependable trading options.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Year Founded | 1996 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Swissquote and LegacyFX both earn 3.5 out of 5 stars for commissions and fees, but they rank differently: Swissquote is #54 of 63, while LegacyFX is #58 of 63 (ForexBrokers.com). In short, Swissquote tends to charge a slight premium tied to its Swiss banking brand, and LegacyFX lacks average spread data, making true costs harder to gauge.
Swissquote’s pricing varies by entity. In the U.K., active traders who deposit at least $10,000 may find the Elite account most cost-efficient thanks to lower spreads plus a $5 commission per round-turn. The U.K. Standard account advertises EUR/USD from 1.3 pips, while Prime shows a 0.6-pip minimum (not an average). Luxembourg accounts range from Standard ($1,000 min, from 1.5 pips) to Prime ($50,000 min, from 0.8 pips). In Switzerland, forex accounts start at $1,000 with EUR/USD from 1.7 pips (Standard), 1.4 pips (Premium, $10,000 min), and 1.1 pips (Prime, $50,000 min), with custom pricing negotiable for high volume. Overall, costs sit a bit above the industry’s lowest-price leaders.
LegacyFX’s fees depend on region and account tier, but it does not publish average spreads. In the EU (CySEC), Silver ($500 min) has the steepest costs with EUR/USD minimum spreads as low as 1.6 pips, while Gold ($5,000) and Platinum ($25,000) advertise lower minimums. Internationally (Vanuatu), seven tiers run from Standard ($500) to VIP ($50,000); higher tiers typically get tighter advertised spreads along with more support and tools. The missing average spread data makes it difficult to compare LegacyFX’s real trading costs to discount brokers—and to Swissquote’s more transparent, if slightly pricier, schedules.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $1000 | $500 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and LegacyFX both offer forex trading through CFDs and spot contracts, but Swissquote provides a wider selection. Swissquote lists 472 tradeable symbols and 80 forex pairs, while LegacyFX offers 425 symbols and 44 forex pairs.
When it comes to what you can actually buy, Swissquote stands out by letting clients purchase real, exchange-traded shares on both U.S. and international markets, plus it supports both delivered cryptocurrencies and crypto CFDs. LegacyFX does not offer real share dealing or delivered crypto, though it does support crypto CFDs and, like Swissquote, has copy trading. Reflecting this breadth, ForexBrokers.com rates Swissquote 5 stars for Range of Investments and ranks it #2 out of 63 brokers, whereas LegacyFX earns 3.5 stars and ranks #49.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 425 |
| Forex Pairs (Total) | 80 | 44 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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 Swissquote vs LegacyFX for trading platforms and tools: both brokers offer free demo accounts for paper trading, web-based and Windows desktop platforms, copy trading, and the ability to place orders directly from charts. Swissquote adds an in-house proprietary platform and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX does not have a proprietary platform and supports MT5 but not MT4. If you want broader platform choice—including MT4 alongside MT5—Swissquote has the edge; if you’re focused on MT5 with web and desktop access plus copy trading, LegacyFX covers those bases.
According to ForexBrokers.com, Swissquote is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #12 out of 63 brokers, whereas LegacyFX is rated 3.5 stars and ranks #61. These results reflect Swissquote’s stronger standing for platform variety and features, while LegacyFX offers a simpler lineup centered on MT5.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | 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) | 86 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and LegacyFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts for stocks and forex, 30 built-in technical studies for charting, and drawing tools like trendlines. Your chart markups are automatically saved, so your lines and notes are there next time you open the chart. One limitation for both brokers is that watchlists in the app do not sync with the online account, so changes you make on one won’t appear on the other.
For overall quality, Swissquote earns 4.5 out of 5 stars for Mobile Trading Apps and ranks #12 out of 63 brokers on ForexBrokers.com. LegacyFX earns 3.5 out of 5 stars and ranks #62 out of 63. If ratings and industry rankings matter to you, Swissquote stands out; if you only need the essentials—alerts, indicators, and drawing tools—both apps cover those needs on iOS and Android.
| Feature |
Swissquote
|
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.
Swissquote and LegacyFX both cover the market research basics traders expect. Each provides daily market commentary, top-tier forex news from sources like Bloomberg, Reuters, or Dow Jones, Autochartist-powered technical tools, and an easy-to-use economic calendar. Neither broker integrates Trading Central or a sentiment tool that shows long/short positioning across instruments.
Where they differ is in recognition and a few add-ons. Swissquote does not include TipRanks or Acuity Trading (Signal Centre), and the data here does not specify whether LegacyFX offers those services. In independent testing by ForexBrokers.com, Swissquote earns 4 stars for Research and ranks #16 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks #47. If market analysis and well-rounded research tools are priorities, Swissquote edges ahead based on these ratings.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Swissquote vs LegacyFX for beginner education: both brokers provide forex and CFD trading education that’s easy to follow. Each runs online client webinars at least once a month and offers a large catalog of video tutorials, including 10+ beginner videos and 10+ advanced lessons, so new traders can build skills step by step.
Swissquote pulls ahead in independent ratings, earning 4 out of 5 stars for Education and ranking #20 out of 63 brokers at ForexBrokers.com. LegacyFX scores 3.5 stars and ranks #35. If you want a slightly higher-rated learning experience, Swissquote has the edge; if you mainly want regular webinars and plenty of beginner-friendly videos, LegacyFX is a solid pick.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than LegacyFX. Swissquote finished with an overall rank of #11, while LegacyFX finished with an overall rank of #63.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 67 |
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In the Swissquote vs LegacyFX comparison, Swissquote lets you buy real, delivered cryptocurrencies as well as trade cryptocurrency CFDs, whereas LegacyFX provides crypto exposure only through CFDs and does not offer delivered coins.
In the Swissquote vs LegacyFX comparison of deposit and withdrawal methods, Swissquote supports ACH/SEPA transfers, PayPal, Skrill, and bank wire transfers, while LegacyFX does not support ACH/SEPA (other funding options 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 | Swissquote | LegacyFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | Swissquote Review | LegacyFX Review |
| Broker Screenshots | Swissquote | LegacyFX | |
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| Regulation | Swissquote | LegacyFX | |
|---|---|---|---|
| Trust Score | 99 | 67 | |
| Year Founded | 1996 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | Swissquote | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 425 | |
| Forex Pairs (Total) | 80 | 44 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $1000 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | LegacyFX Review |
| Overall | Swissquote | LegacyFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | Swissquote Review | LegacyFX Review |
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