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 | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | 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 at Tickmill and LegacyFX, both online brokers provide similar services, including forex trading as CFDs or spot contracts. Tickmill shines with a broader selection of 725 tradeable symbols and 63 forex pairs, whereas LegacyFX offers 425 tradeable symbols and 44 forex pairs. Both platforms support copy trading and cryptocurrency derivatives while neither provides access to actual U.S. or international exchange-traded securities nor delivered cryptocurrency.
Despite their similarities, Tickmill slightly edges out in terms of variety with more tradeable symbols and forex pairs. However, both brokers share the same rating for their range of investments, earning 3.5 stars each. According to ForexBrokers.com, Tickmill ranks #42 out of 63 brokers, while LegacyFX is placed at #48, indicating a minor preference for Tickmill in this category despite their identical star ratings.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 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 it comes to trading platforms and tools, both Tickmill and LegacyFX offer appealing options for users. Each broker provides simulated trading with free virtual demo accounts, benefiting those new to trading by allowing them to practice without financial risk. While neither platform has developed its own proprietary trading platform, both offer the ever-popular MetaTrader 5 (MT5). However, if you're a fan of MetaTrader's older version, you'll find that only Tickmill offers MetaTrader 4 (MT4). Both brokers have Windows-based desktop downloads and web-based platforms, offering flexibility and convenience. Additionally, both Tickmill and LegacyFX support copy trading, a feature popular among traders who prefer mimicking successful trades.
Tickmill and LegacyFX are matched when it comes to drawing tools, with each offering 15 options for charting. Both also allow users to trade directly from stock charts and offer seven columns for watch lists, making for straightforward user experiences. Despite these similarities, Tickmill surpasses LegacyFX slightly in terms of overall trading platform ratings, boasting a four-star rating compared to LegacyFX's 3.5 stars. Ranked #32 versus LegacyFX's #60 out of 63 brokers on ForexBrokers.com, Tickmill seems to have the edge in trading platform features and user satisfaction. Regardless of which platform you choose, both cater to a wide array of trading needs, appealing to both novice and seasoned traders alike.
| 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and LegacyFX offer mobile trading apps for iPhone and Android users, providing essential features like stock and forex price alerts, the ability to draw trendlines on charts, and access to multiple time frames. Each app includes 30 technical studies for enhanced charting, along with the facility to create watchlists with real-time quotes. However, neither app supports symbol syncing between mobile and online accounts, which may be a consideration if maintaining consistency across platforms is essential for you.
In terms of user ratings, Tickmill edges ahead with a 4-star rating compared to LegacyFX's 3.5-star rating for their mobile trading applications. In a ranking by ForexBrokers.com, Tickmill also stands at a higher position, placing 32nd out of 63 brokers, while LegacyFX is ranked 61st. This suggests that while both apps offer similar key features, Tickmill users generally report a slightly better experience with their mobile trading services.
| 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.
Tickmill and LegacyFX are both online brokers offering informative daily market commentary and forex news from reputable sources like Bloomberg and Reuters. However, when it comes to additional research tools, each platform offers unique features. LegacyFX provides technical analysis tools from Autochartist, while Tickmill does not. On the other hand, Tickmill offers a sentiment-based trading tool that shows the ratio of long or short positions across various instruments, a feature not available at LegacyFX. Tickmill also provides research tools from Acuity Trading, such as Signal Centre, which is not offered by LegacyFX.
Both brokers equip their users with an economic calendar to stay updated on global news and events. While Tickmill is rated 4 stars for research, LegacyFX follows with a close 3.5 stars. According to rankings by ForexBrokers.com, Tickmill stands at #22 out of 63 brokers in the Research category, while LegacyFX is at #46. These ratings and tools highlight the distinct offerings of each platform, helping traders choose the one that aligns best with their research needs.
| 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 | No |
| Signal Centre (Acuity Trading) | Yes | No |
| 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | Tickmill | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 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 | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | 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) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 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 | 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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