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 | N/A | 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.
Swissquote and LegacyFX both let you trade forex as CFDs or spot contracts, and each supports copy trading. Swissquote lists 472 tradeable symbols with 80 forex pairs, while LegacyFX offers 425 symbols with 44 forex pairs. For crypto, Swissquote lets you buy actual coins as well as crypto derivatives; LegacyFX offers only crypto derivatives, not real coins.
If you want access to listed shares, Swissquote stands out by offering exchange-traded securities on both U.S. and international exchanges (think Apple on NASDAQ and Vodafone in London). LegacyFX does not offer exchange-traded shares. Reflecting this breadth, Swissquote earns 5 stars for Range of Investments and ranks #2 out of 63 brokers at ForexBrokers.com. LegacyFX earns 3.5 stars and ranks #49. In short, Swissquote fits traders and investors who want a wide mix including real stocks and crypto, while LegacyFX suits traders focused on CFDs and forex.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 425 |
| Forex Pairs (Total) | 80 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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.
In the Swissquote vs LegacyFX comparison for trading platforms and tools, both brokers provide free demo (paper) trading, Windows desktop and web-based platforms, copy trading, and the ability to trade directly from charts. Swissquote offers a proprietary platform in addition to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). LegacyFX does not have a proprietary platform and does not support MT4, but it does support MT5. Neither broker connects to DupliTrade or ZuluTrade.
For charting, Swissquote lists 75 drawing tools versus 15 at LegacyFX; the number of technical indicators isn’t specified for either broker. Watch lists are more detailed at Swissquote with 11 fields compared with 7 at LegacyFX. According to ForexBrokers.com’s Trading Platforms and Tools ratings, Swissquote earns 4.5 stars and ranks 12th out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 61st.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and LegacyFX both deliver capable mobile trading apps for iPhone and Android, with price alerts and real-time watchlists. Charting is evenly matched: each app includes 30 technical studies, the ability to draw trendlines, view multiple time frames (intraday to weekly), and auto-save drawings. One notable limitation for both is watchlist symbol syncing—changes made on mobile don’t sync with the web platform.
Where they differ is overall quality and recognition. Swissquote earns 4.5 stars for its mobile trading apps and ranks #12 out of 63 brokers on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #62. If you want a feature-complete app with stronger ratings and industry standing, Swissquote is the more appealing pick. LegacyFX covers the basics but trails in user satisfaction and ranking.
| Feature |
Swissquote
|
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.
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Swissquote vs LegacyFX for beginner trading education, both brokers check the key boxes for learning forex and CFDs. Each provides at least 10 educational pieces (articles, videos, or archived webinars), hosts monthly client webinars, and keeps a searchable archive of past sessions—useful if you learn best on your own schedule. Both also offer 10+ beginner video lessons, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ trading terms to help you decode the jargon.
Where they differ is in third‑party evaluations: Swissquote earns 4 stars and ranks #20 out of 63 brokers for Education on ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks #35. In plain terms, Swissquote edges ahead for overall education quality, but beginners will find strong core resources with either broker—webinars, video courses, and a handy glossary to build confidence from day one.
| Feature |
Swissquote
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 67 |
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Swissquote provides the capability to purchase actual delivered cryptocurrency, as well as cryptocurrency derivatives, while LegacyFX only offers the option to buy cryptocurrency derivatives, not the actual cryptocurrency.
Swissquote provides a diverse range of deposit and withdrawal options, including ACH/SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, whereas LegacyFX does not support ACH/SEPA transfers or PayPal, but does offer Skrill, Visa/Mastercard, and bank wires.
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/Central Bank 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Proprietary 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| 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 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 | Swissquote | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | 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 | 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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