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 |
Comparing commissions and fees, Tickmill clearly undercuts LegacyFX for most traders. Tickmill earns 5 stars and ranks #4 out of 63 brokers for this category at ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #58 out of 63. If low trading costs and transparent pricing matter to you, Tickmill’s disclosure and structure make it easier to estimate your all-in costs than LegacyFX’s.
Tickmill offers two accounts. The Classic account is commission-free but carries higher average spreads (about 1.76 pips on EUR/USD as of August 2023). The Raw account (minimum $100) charges a $3 per side commission per standard lot ($6 round turn) and features very tight spreads. For example, Tickmill listed a typical EUR/USD spread of 0.11 pips in October 2023; adding today’s round-turn commission equivalent of 0.60 pips brings an estimated all-in cost to about 0.71 pips under normal market conditions. Even after its recent commission increase, Tickmill remains highly competitive for active and algorithmic traders.
LegacyFX’s fee picture is harder to pin down because it does not publish average spreads. In the EU (CySEC) it offers Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000; the Silver tier shows a minimum EUR/USD spread as high as 1.6 pips, with lower quoted minimums at higher tiers. Internationally (Vanuatu), LegacyFX has seven account types from $500 to $50,000, with perks tied to service and tools rather than clearly lower trading costs. Without average spread data, estimating your true cost at LegacyFX is challenging—another reason Tickmill’s transparent pricing and lower all-in costs stand out.
| 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 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Tickmill and LegacyFX both support forex trading as CFDs (contracts for difference) or spot contracts. Tickmill lists 637 tradeable symbols with 63 forex pairs, while LegacyFX offers 425 symbols and 44 forex pairs. Neither broker lets you buy exchange-traded stocks on U.S. or international exchanges, so you can’t purchase shares like Apple (AAPL) or Vodafone (VOD) directly. For range of investments, both earn 3.5 out of 5 stars from ForexBrokers.com; Tickmill ranks #43 out of 63 brokers, and LegacyFX ranks #49.
Both brokers include copy trading and let you trade cryptocurrency via derivatives, but they don’t offer actual, delivered crypto. If breadth of markets is important, Tickmill edges ahead thanks to more symbols and currency pairs, while LegacyFX trails slightly despite having the same rating.
| 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 (Underlying) | 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.
Comparing trading platforms and tools, Tickmill and LegacyFX share several basics: both offer free demo (paper) accounts, Windows-based desktop downloads, and web-based platforms. Neither broker has a proprietary platform; instead, they rely on the MetaTrader suite. Here’s the key difference: Tickmill supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX supports MT5 only. Both brokers include copy trading options and let you place trades directly from charts, which is handy for quick execution.
For overall platform quality, ForexBrokers.com rates Tickmill 4 stars and ranks it 30th out of 63 brokers for Trading Platforms and Tools, while LegacyFX earns 3.5 stars and ranks 61st. If you need MT4 alongside MT5, Tickmill is the safer pick; if you’re fine with MT5 alone, both will cover the essentials with desktop, web, chart trading, and a free demo to practice.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 |
| Charting - Indicators / Studies (Total) | 91 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and LegacyFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts and real-time watchlists, plus 30 built-in technical indicators for charting. You can draw trendlines on charts, and your drawings auto-save for the next session. One limitation is that neither broker syncs watchlist symbols between the mobile app and the online account.
In independent testing, Tickmill’s mobile app scores higher overall: 4 stars and ranked #30 out of 63 brokers by ForexBrokers.com. LegacyFX earns 3.5 stars and ranks #62. If you want similar charting tools with a higher-rated experience, Tickmill has the edge, while LegacyFX still covers the essentials for trading on the go.
| Feature |
Tickmill
|
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 |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Tickmill and LegacyFX both cover the basics well for market research: you’ll get daily market commentary, an economic calendar, and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. The key differences come down to tools. Tickmill includes a sentiment-based trading tool that shows long/short positioning and also offers research from Acuity Trading (e.g., Signal Centre). LegacyFX, on the other hand, provides Autochartist for pattern recognition and trade ideas, but does not include a sentiment tool. Neither broker offers Trading Central.
Independent ratings back up these contrasts: Tickmill is rated 4 stars for Research and ranks #21 out of 63 brokers on ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #47. If you want a sentiment gauge and Acuity-driven insights, Tickmill is the stronger fit; if you prefer Autochartist’s technical pattern scanning, LegacyFX has the advantage there.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing education for beginners, Tickmill has a slight edge over LegacyFX. Tickmill earns 4 stars and ranks 15th out of 63 for Education, while LegacyFX holds 3.5 stars and ranks 35th. Both brokers run online educational webinars at least once a month and each offers at least 10 beginner-friendly trading videos, making it easier to learn forex and CFD basics. When you’re ready to go deeper, both also provide at least 10 advanced videos to help you progress.
If you want the stronger overall education track, Tickmill is the better pick based on its higher rating and ranking. LegacyFX still delivers steady learning through frequent webinars and a sizeable video lineup. Either way, beginners can find structured lessons to build confidence—from getting started with platforms to learning risk management and chart analysis—before moving on to more advanced topics.
| Feature |
Tickmill
|
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 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.
Tickmill vs LegacyFX deposits and withdrawals: both support bank wire transfers and Skrill, neither offers ACH or SEPA, only Tickmill supports PayPal, and Visa/Mastercard availability is not specified for either broker.
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 |
| Broker Screenshots | Tickmill | LegacyFX | |
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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, FSRA, or SCA 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 (Underlying) | 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 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Tickmill | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Tickmill | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | Tickmill | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 91 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist | 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 | |
| Mobile Research - 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 | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Tickmill | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| 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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