Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and LegacyFX are both notable names in the world of online brokerage, each offering unique perspectives on regulation and trust. Founded in 2014, Tickmill holds a ForexBrokers.com Trust Score of 86, signifying a strong level of trust. This broker is backed by two Tier-1 licenses and two Tier-2 licenses, highlighting its compliance with top regulatory standards. It is important to note that Tickmill is neither publicly traded nor a bank.
LegacyFX, established in 2012, holds a Trust Score of 67, indicating a higher risk compared to Tickmill. With one Tier-1 license and no Tier-2 licenses, LegacyFX stands on comparatively less regulatory footing. Similar to Tickmill, LegacyFX is not publicly traded and does not operate as a bank. Understanding these ratings and regulatory nuances can help traders make informed decisions when choosing between these two brokerage firms.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Tickmill and LegacyFX, Tickmill stands out as a top choice for active traders. Tickmill offers two main account options: the Classic account, which is commission-free with traders paying only the bid/ask spread, and the Raw account, where commissions are $3 per side or $6 per standard lot. Despite a recent increase in commission rates, Tickmill maintains its status as a highly rated broker, scoring 5 out of 5 stars for its cost-effectiveness, thanks to low spreads and competitive all-in trading costs. Notably, Tickmill's Raw account offers an average spread of 0.11 pips for EUR/USD, and a barrier to entry with a modest minimum deposit requirement of just $100. Ranked #4 out of 63 brokers in the commissions and fees category by ForexBrokers.com, Tickmill appeals to traders seeking reduced trading costs.
LegacyFX, in contrast, presents a varied range of account options depending on the entity, either the EU-regulated operation by CySEC or its international entity in Vanuatu. For EU clients, account options include Silver, Gold, and Platinum, with minimum deposits ranging from $500 to $25,000, and lower advertised spreads at higher account levels. For international clients, LegacyFX offers seven account types, from Standard to VIP, each with distinct perks like client support and trading tools access. However, LegacyFX has not provided detailed data on average spreads, complicating a straightforward comparison of trading costs. This lack of transparency reflects in its 3.5-star rating and a #57 ranking out of 63 in the commissions and fees category.
In summary, Tickmill's higher rating and ranking, coupled with its lower spreads and competitive commission structure, make it a more attractive option for traders prioritizing cost efficiency. LegacyFX, while offering a wide selection of accounts, falls short in providing clear information about trading costs, making it more challenging for traders to assess its financial competitiveness.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.70 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
When comparing the range of investments available through Tickmill and LegacyFX, both brokers offer forex trading as a CFD or spot contract. However, Tickmill provides a wider selection with 637 tradeable symbols and 63 forex pairs, in contrast to LegacyFX's offering of 425 tradeable symbols and 44 forex pairs. Importantly, neither broker allows the purchase of exchange-traded securities on U.S. or international exchanges, meaning clients cannot directly buy shares like Apple or Vodafone through their platforms. Both brokers do offer the possibility of investing in cryptocurrency derivatives, but neither provides the option for buying actual cryptocurrencies.
Both Tickmill and LegacyFX support copy trading, giving investors the opportunity to mirror the trades of experienced traders. Despite the differences in overall offerings, both brokers achieve a 3.5-star rating for their range of investments. According to ForexBrokers.com, Tickmill is ranked 42nd out of 63 brokers in the category, slightly ahead of LegacyFX, which comes in at 48th. While both brokers offer similar features in some areas, the choice between them may come down to whether investors prioritize a broader array of tradeable symbols.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 425 |
| Forex Pairs (Total) | 63 | 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.
When comparing Tickmill and LegacyFX, both brokers offer a range of trading platforms and tools aimed at accommodating various trader preferences. Each broker supports simulated trading through free virtual demo accounts, allowing newcomers and seasoned traders to practice strategies or explore different markets without risking real money. Both platforms are accessible via Windows-based desktop downloads and offer web-based trading options for added convenience. However, a key distinction is that while Tickmill supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), LegacyFX only offers MetaTrader 5. Both platforms support copy trading, enabling users to replicate the trades of experienced investors.
Regarding charting capabilities, Tickmill offers nine drawing tools, while LegacyFX provides a broader choice with fifteen. Both brokers allow users to trade directly from stock charts and offer seven columns for organizing watch lists. Despite these similarities, Tickmill receives a higher user rating of four stars for its trading platforms and tools compared to LegacyFX's 3.5 stars. In the ForexBrokers.com rankings, Tickmill is positioned at #29, significantly outperforming LegacyFX, which ranks at #60. While both brokers have strengths, Tickmill's offering of MT4 and its higher overall user satisfaction gives it an edge in the trading platform domain.
| Feature |
Tickmill
|
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) | 91 | 30 |
| Charting - Drawing Tools (Total) | 9 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Tickmill and LegacyFX, both platforms are available on iPhone and Android devices, offering a suite of similar features that cater to mobile traders. Each app provides stock and forex price alerts, the ability to draw trendlines, and allows users to view different time frames like daily, weekly, or intraday for comprehensive charting capabilities. Both apps also offer 30 technical studies for charting and can auto-save drawings for convenience. Additionally, users can create watchlists with real-time quotes on both Tickmill and LegacyFX. However, neither app currently supports the syncing of watchlists between the mobile app and the client's online account.
Despite their similarities in functionality, Tickmill's mobile app holds a slight edge in user ratings and rankings. It scores 4 out of 5 stars and is ranked #29 out of 63 brokers by ForexBrokers.com. In comparison, LegacyFX's mobile app is rated at 3.5 stars and is positioned lower at #61. This indicates that while both platforms offer competitive mobile trading solutions, Tickmill is generally favored for a slightly better user experience and satisfaction.
| Feature |
Tickmill
|
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.
When comparing market research offerings, both Tickmill and LegacyFX provide robust daily market commentary and forex news from well-respected sources like Bloomberg and Reuters. Tickmill takes an edge with sentiment-based trading tools that reveal market trends by indicating the ratio of long or short positions, a feature that LegacyFX lacks. In contrast, LegacyFX stands out by offering tools from Autochartist, which Tickmill does not, providing traders with valuable technical analysis capabilities. Both brokers provide economic calendars to keep traders informed about significant global news events. However, Tickmill opens up more possibilities with research tools from Acuity Trading, an option not available with LegacyFX.
Despite differences in their toolsets, the comprehensive offerings of Tickmill have earned it a higher research rating of four stars, compared to LegacyFX's 3.5 stars. Additionally, Tickmill is ranked higher at 21 out of 63 brokers by ForexBrokers.com for research, whereas LegacyFX holds the 46th position. This shows that while both brokers offer substantial research tools and resources for traders, Tickmill is generally perceived as providing a slightly more enriched research experience than LegacyFX.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, both Tickmill and LegacyFX offer a broad array of options. Each platform provides more than ten educational pieces, including articles, videos, and archived webinars, specifically focused on forex or CFDs. Additionally, both brokers host monthly online educational webinars and maintain a searchable archive of past sessions, ensuring that learning is continuous and accessible. For newcomers, each broker offers at least ten videos covering fundamental trading topics, ensuring a solid foundation for their trading journey.
Diving deeper into advanced learning, both Tickmill and LegacyFX have over ten videos tailor-made for experienced traders looking to enhance their skills. They also provide an investor dictionary with more than 50 investing terms to demystify the trading language. Tickmill edges out slightly ahead with a 4-star education rating compared to LegacyFX's 3.5 stars. As ranked by ForexBrokers.com, Tickmill stands at the 15th position for educational offerings, while LegacyFX is at the 35th spot. This suggests that while both brokers cater well to beginners, Tickmill is perceived to offer a slightly richer educational experience.
| Feature |
Tickmill
|
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 Tickmill is better than LegacyFX. Tickmill finished with an overall rank of #22, while LegacyFX finished with an overall rank of #63.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 67 |
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While neither Tickmill nor LegacyFX provides the option to purchase actual (delivered) cryptocurrencies, both platforms allow users to trade cryptocurrency derivatives.
When comparing online brokers, Tickmill and LegacyFX both facilitate funding through Visa, Mastercard, Skrill, and bank wires, with Tickmill also supporting PayPal transactions, while neither provides ACH or SEPA transfer 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 | Tickmill | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | Tickmill Review | LegacyFX Review |
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| Regulation | Tickmill | LegacyFX | |
|---|---|---|---|
| Trust Score | 86 | 67 | |
| Year Founded | 2014 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 425 | |
| Forex Pairs (Total) | 63 | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.70 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | 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 | No | No |
| Trading Platforms | Tickmill | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 91 | 30 | |
| Charting - Drawing Tools (Total) | 9 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | 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 | Tickmill | 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 | Tickmill Review | LegacyFX Review |
| Overall | Tickmill | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | Tickmill Review | LegacyFX Review |
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