Written by ForexBrokers.com
In this head to head comparison of TopFX 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.
Founded in 2010, TopFX and LegacyFX, established in 2012, are both online brokers that have distinct reputations in the trading industry. Neither TopFX nor LegacyFX are publicly traded or function as banks, and each holds one Tier-1 license, signifying a high level of trust according to ForexBrokers.com. Although their regulatory frameworks appear similar, their ForexBrokers.com Trust Scores indicate a higher level of risk, both standing at 67 out of 99, placing them in the high-risk category.
Both TopFX and LegacyFX operate without Tier-2 licenses, which might be a factor in their current Trust Scores. While both brokers demonstrate an ability to maintain a singular highly-trusted Tier-1 license, potential clients should be aware of the risks, considering their Trust Scores suggest a need for caution when engaging with either broker for trading activities.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Year Founded | 2010 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
TopFX keeps pricing straightforward with two choices on MetaTrader and cTrader: the spread-only ZERO account and the commission-based RAW account. On RAW, the commission is 2.75 EUR per side (5.50 EUR per round turn per standard lot). In July 2024, RAW showed average EUR/USD spreads of 0.33 pips; when you add the commission (about 0.55 pips per round turn), the estimated all-in cost comes to roughly 0.88 pips—around the industry average. The ZERO account skips commissions but carried a higher 1.03-pip average spread on EUR/USD in July 2024. Minimum deposit depends on payment method. Rating: 4.0/5 stars. ForexBrokers.com ranking for Commissions and Fees: #41 of 63.
LegacyFX’s commissions and fees depend on the entity you use and the account tier you choose, but it does not publish average spreads—making true cost comparisons harder. In the EU (CySEC), there are Silver ($500 min), Gold ($5,000), and Platinum ($25,000) accounts; advertised spreads are tightest on Platinum, while Silver lists a minimum spread as high as 1.6 pips on EUR/USD. Internationally (Vanuatu), there are seven tiers from Standard ($500) up to VIP ($50,000), with higher tiers adding services like mentoring and trading-desk access. Rating: 3.5/5 stars. ForexBrokers.com ranking for Commissions and Fees: #58 of 63.
Cost-wise, TopFX provides clearer, data-backed pricing—especially on the RAW account—while LegacyFX’s lack of average spread data makes its real trading costs less transparent, particularly on lower tiers. If you want predictable spreads and a clear all-in estimate, TopFX has the edge; if you value tiered service packages and are comfortable with advertised (but not average) spread info, LegacyFX may still fit your needs.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | Depends on payment method | $500 |
| Average Spread EUR/USD - Standard | 1.03 | N/A |
| All-in Cost EUR/USD - Active | 0.88 | 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.
TopFX and LegacyFX both let you trade forex either as CFDs or spot, and each supports copy trading. Neither broker offers real, exchange‑traded shares in the U.S. or abroad (non‑CFD stock dealing isn’t available). For crypto, both brokers provide access via derivatives, but you can’t buy actual cryptocurrencies through either platform.
When it comes to breadth, TopFX lists 655 tradeable symbols and 60 currency pairs, while LegacyFX offers 425 symbols and 44 pairs. Both earn a 3.5 out of 5 for Range of Investments. In ForexBrokers.com’s rankings, TopFX sits at #47 out of 63 brokers, with LegacyFX close behind at #49. If a wider lineup matters to you, TopFX has the edge; otherwise, the two are quite similar in what you can trade.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 655 | 425 |
| Forex Pairs (Total) | 60 | 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.
TopFX and LegacyFX both let you practice with a free demo (paper) account, and neither uses a proprietary platform. Each broker offers a Windows desktop download and a web-based platform, plus access to copy trading. The key difference is MetaTrader: TopFX supports MetaTrader 4 (MT4) but not MT5, while LegacyFX supports MetaTrader 5 (MT5) but not MT4. Third-party social add-ons like DupliTrade and ZuluTrade aren’t offered by either broker.
For charting and trade management, both brokers include trading directly from charts, 15 drawing tools, and watchlists with seven fields, along with a standard set of indicators. According to ForexBrokers.com, TopFX earns 4.0 stars for Trading Platforms and Tools and ranks 46th out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 61st. In short, pick TopFX if you need MT4; choose LegacyFX if you prefer MT5.
| Feature |
TopFX
|
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) | No | 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.
TopFX and LegacyFX both check the core boxes for mobile trading. Each broker offers an iPhone app and an Android app, plus price alerts and real-time watchlists. Their charting tools are similar, with 30 technical indicators, the ability to draw trendlines, switch between multiple time frames (intraday to weekly), and auto-save for chart drawings. One miss for both apps is watchlist syncing; changes made on mobile do not sync with the online account.
Where they differ is in scores and rankings. TopFX earns 4 stars for Mobile Trading Apps and is ranked #52 out of 63 brokers by ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks #62. If app ratings and industry ranking matter to you, TopFX has the edge. If you just need the essentials—iPhone and Android support, price alerts, and solid charting features—both mobile apps deliver similar functionality.
| Feature |
TopFX
|
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.
Comparing market research at TopFX vs. LegacyFX: LegacyFX publishes daily market commentary, while TopFX does not. Both brokers stream forex news from top-tier sources and provide Autochartist for trade ideas. TopFX goes further with Trading Central tools and a sentiment gauge that shows long/short positioning; LegacyFX doesn’t offer those two features. Each broker includes an economic calendar for tracking key events.
For overall research quality, TopFX holds a 3-star rating and ranks #61 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks #47, according to ForexBrokers.com. Choose LegacyFX if you value frequent commentary; pick TopFX if you want added technical insights and a built-in sentiment tool alongside major news feeds.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
TopFX vs LegacyFX for beginner education: LegacyFX is the stronger choice for learning. It offers forex and CFD education with 10+ articles and videos, runs monthly client webinars, and keeps a searchable archive of past sessions. You also get 10+ beginner videos, 10+ advanced videos, and an investor dictionary with 50+ terms—useful for mastering trading basics and building confidence. By contrast, TopFX does not provide these features: no sizable forex/CFD education library, no regular webinars, no recorded-webinar archive, no beginner or advanced video series, and no large investor glossary.
These differences show up in third-party ratings: TopFX earns 3 stars for Education and ranks 62nd out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 35th. If educational resources are important to you as a new trader, LegacyFX offers a more complete learning path; TopFX may suit traders who don’t rely on broker-provided education.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that TopFX is better than LegacyFX. TopFX finished with an overall rank of #62, while LegacyFX finished with an overall rank of #63.
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.
| Feature |
TopFX
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 67 | 67 |
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Both TopFX and LegacyFX provide investors with the opportunity to trade cryptocurrency derivatives, although neither platform supports purchasing actual (delivered) cryptocurrency assets.
When comparing the online brokers TopFX and LegacyFX in terms of funding options, TopFX offers PayPal, Skrill, Visa or Mastercard, and bank wires, while LegacyFX provides funding options such as Skrill, Visa or Mastercard, and bank wires, but does not offer PayPal; neither broker supports ACH or SEPA transfers for transactions.
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 | TopFX | LegacyFX | |
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| Trust Score | 67 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review | LegacyFX Review |
| Broker Screenshots | TopFX | LegacyFX | |
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| Regulation | TopFX | LegacyFX | |
|---|---|---|---|
| Trust Score | 67 | 67 | |
| Year Founded | 2010 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | TopFX | 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) | No | 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) | TopFX | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TopFX | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 655 | 425 | |
| Forex Pairs (Total) | 60 | 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 | TopFX | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.03 | N/A | |
| All-in Cost EUR/USD - Active | 0.88 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TopFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | Depends on payment method | $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 | TopFX | 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) | No | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TopFX | 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 | TopFX | 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 | TopFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TopFX | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | TopFX | 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 | TopFX Review | LegacyFX Review |
| Overall | TopFX | LegacyFX | |
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| Trust Score | 67 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review | LegacyFX Review |
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