LegacyFX vs TopFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare LegacyFX vs TopFX.
Does LegacyFX or TopFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TopFX offers better pricing overall for traders.
Is LegacyFX or TopFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both LegacyFX and TopFX hold 1 global Tier-1 licenses. Both LegacyFX and TopFX hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, LegacyFX and TopFX earned the same Trust Score.
Which trading platform is better: LegacyFX or TopFX?
To compare the trading platforms of both LegacyFX and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX offers a better experience. With research, LegacyFX offers superior market research. Finally, we found TopFX to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.LegacyFX and TopFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to LegacyFX's 44 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while LegacyFX has 425 available CFDs, a difference of 230.
Can I trust LegacyFX?
LegacyFX is not publicly traded and does not operate a bank. LegacyFX is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). LegacyFX is authorised by the following tier-1 regulators: European Union Authorized (MiFID).
Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). TopFX is authorised by the following tier-1 regulators: the European Union via MiFID.
Is LegacyFX good?
LegacyFX is a plain-vanilla MetaTrader 5 (MT5) broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LegacyFX still has room to grow, and trails behind the best MetaTrader brokers.
Is TopFX good?
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.
Overall winner: LegacyFX
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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.