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 account | 1.03 | N/A |
| All-in Cost EUR/USD - Active | 0.88 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Comparing TopFX vs LegacyFX for range of investments, both brokers let you trade forex as CFDs or spot contracts and support copy trading. Neither offers exchange-traded stocks on U.S. or international exchanges. For total choice, TopFX lists more tradeable symbols (655 vs 425) and more currency pairs (60 vs 44). Both also provide cryptocurrency CFDs, but you can’t buy actual crypto through either platform.
In independent evaluations, both TopFX and LegacyFX earn 3.5 out of 5 stars for Range of Investments. Among 63 brokers reviewed, TopFX ranks #47 and LegacyFX ranks #49, reflecting similar breadth with a slight edge to TopFX in available markets.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 655 | 425 |
| Forex Pairs (Total) | 60 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 make it easy to get started with a free demo account for simulated trading, plus they each offer web-based and Windows desktop platforms with the ability to place trades directly from charts. Neither broker has a proprietary platform, and both support copy trading. The key difference is MetaTrader access: TopFX offers MetaTrader 4 (MT4) but not MT5, while LegacyFX offers MetaTrader 5 (MT5) but not MT4. Counts for built-in chart indicators and watchlist fields aren’t specified.
For trading platforms and tools, TopFX earns 4 stars and ranks 46th out of 63 brokers at ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks 61st. If you want MT4, TopFX is the natural pick; if you prefer MT5, LegacyFX fits better. In both cases, you can test strategies risk-free with a demo and explore copy trading features on the web and desktop platforms.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TopFX and LegacyFX both offer iPhone and Android trading apps, plus price alerts for staying on top of the market. Their charting tools are similar: each app includes 30 technical studies, supports drawing trendlines, and auto-saves your annotations. A notable limitation for both is the lack of watchlist symbol syncing between mobile and web, so changes in one place won’t update in the other.
In terms of app quality, TopFX has the edge with a 4-star Mobile Trading Apps rating and a #52 ranking out of 63 brokers from ForexBrokers.com, while LegacyFX holds 3.5 stars and ranks #62. If equal charting features and alerts are enough and you value higher ratings and rankings, TopFX’s mobile app is the stronger choice; if you already trade with LegacyFX, expect a similar toolset with slightly lower scores.
| Feature |
TopFX
|
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 |
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 (Articles) | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | ||
| Acuity Trading | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at TopFX and LegacyFX, LegacyFX stands out. LegacyFX hosts online educational webinars at least once per month and offers at least 10 beginner trading videos, plus 10+ advanced videos for when you’re ready to go deeper. By contrast, TopFX does not run monthly client webinars and does not have a library of 10+ beginner or 10+ advanced videos, which limits structured learning options for newcomers.
These differences show up in independent evaluations: LegacyFX earns 3.5 out of 5 stars for Education and ranks #35 out of 63 brokers, while TopFX is rated 3 stars and ranks #62 out of 63. If you want a clearer learning path with videos and ongoing webinars, LegacyFX is the stronger choice. If you only need basic educational materials and fewer learning formats, TopFX may still fit.
| Feature |
TopFX
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | 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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TopFX and LegacyFX—online brokers—do not offer buying actual (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.
In comparing online brokers TopFX and LegacyFX, neither supports ACH or SEPA transfers for deposits or withdrawals, while the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified in the provided information.
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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.03 | N/A | |
| All-in Cost EUR/USD - Active | 0.88 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TopFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | Depends on payment method | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | TopFX | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | Yes | No |
| Trading Tools | TopFX | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| 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 | TopFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | |||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TopFX | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | TopFX | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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