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LegacyFX vs tastyfx 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is LegacyFX better than tastyfx? In our analysis of 23 international regulators across 62 of the best forex brokers, LegacyFX is considered High Risk, with an overall Trust Score of 67 out of 99. tastyfx is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating LegacyFX tastyfx
Overall Rating info 3.5/5 Stars 5/5 Stars
Commissions & Fees 3.5/5 Stars 5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 3.5/5 Stars 5/5 Stars
Mobile Trading 3.5/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3.5/5 Stars 5/5 Stars
Trust Score info 67 99
Winner check_circle
Review LegacyFX Review tastyfx Review
Broker Screenshots LegacyFX tastyfx
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation LegacyFX tastyfx
Trust Score info 67 99
Year Founded info 2012 1974
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 1 8
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) LegacyFX tastyfx
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No Yes
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses (Trusted) LegacyFX tastyfx
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments LegacyFX tastyfx
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 425 19537
Forex Pairs (Total) info 44 97
U.S. Stock Trading (Non CFD) info No Yes
Int'l Stock Trading (Non CFD) info No Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 LegacyFX tastyfx
Average Spread EUR/USD - Standard info N/A 0.98
All-in Cost EUR/USD - Active info N/A 0.82
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding LegacyFX tastyfx
Minimum Deposit info $500 $250.00
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms LegacyFX tastyfx
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools LegacyFX tastyfx
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 5
Charting - Indicators / Studies (Total) info 30 33
Charting - Drawing Tools (Total) info 15 20
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading LegacyFX tastyfx
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 33
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research LegacyFX tastyfx
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
TipRanks info No Yes
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education LegacyFX tastyfx
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs LegacyFX tastyfx
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review LegacyFX Review tastyfx Review
Overall LegacyFX tastyfx
Overall Rating info 3.5/5 Stars 5/5 Stars
Commissions & Fees 3.5/5 Stars 5/5 Stars
Offering of Investments 3.5/5 Stars 5/5 Stars
Platform & Tools 3.5/5 Stars 5/5 Stars
Mobile Trading 3.5/5 Stars 5/5 Stars
Research 3.5/5 Stars 5/5 Stars
Education 3.5/5 Stars 5/5 Stars
Trust Score info 67 99
Winner check_circle
Review LegacyFX Review tastyfx Review
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LegacyFX vs tastyfx Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare LegacyFX vs tastyfx.

Can I trust LegacyFX?

LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). LegacyFX is authorised by the following Tier-1 regulators: Regulated in the European Union via the MiFID passporting system.

Can I trust tastyfx?

tastyfx's parent company, IG, is a publicly traded company, operates a regulated bank, and is authorised by eight Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). IG is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC), and regulated in the European Union via the MiFID passporting system.

Is LegacyFX good?

LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.

Is tastyfx good?

tastyfx, the US arm of IG's forex business, offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

What is the minimum deposit requirement for opening an account with LegacyFX?

To open a trading account with LegacyFX, you'll need to make an initial minimum deposit of $500.

What is the minimum deposit requirement for opening an account with tastyfx?

tastyfx requires a minimum deposit of $250.00 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. LegacyFX offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas tastyfx provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw).

Does LegacyFX or tastyfx offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that LegacyFX offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is LegacyFX or tastyfx safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that tastyfx holds 8 global Tier-1 licenses, while LegacyFX holds 1. tastyfx holds 2 global Tier-2 licenses, while LegacyFX holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that tastyfx (99) earned a higher Trust Score than LegacyFX (67).

Which trading platform is better: LegacyFX or tastyfx?

To compare the trading platforms of both LegacyFX and tastyfx, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, LegacyFX offers a better experience. With research, LegacyFX offers superior market research. Finally, we found LegacyFX to provide better mobile trading apps.

Here’s what trading platforms are available at LegacyFX:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at tastyfx:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. tastyfx offers MetaTrader 4 (MT4), while LegacyFX does not. Forex traders also appreciate the ability to engage in social copy trading. While LegacyFX offers copy trading, tastyfx does not.

What can I trade with each broker?

tastyfx provides traders 97 currency pairs (e.g., EUR/USD) compared to LegacyFX's 44 available pairs. If you are interested in trading a full range of securities, tastyfx offers traders access to 19537 tradeable symbols, while LegacyFX offers access to 425 tradeable symbols; so tastyfx offers 19112 more tradeable symbols than LegacyFX.

We found in our testing that LegacyFX offers a more diverse selection of investment options than tastyfx, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical).

Overall winner: LegacyFX

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announcementPlease 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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