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Trade Nation vs LegacyFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Trade Nation vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000
LegacyFX
3.5/5 Stars Overall
  • Minimum Deposit: $500
  • Trust Score: 67
  • Tradeable Symbols (Total): 425

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.

Regulation

Trade Nation, established in 2014, is an online broker that holds two Tier-1 licenses and one Tier-2 license. This regulatory setup gives it a firm footing on the trust scale, earning it an impressive Trust Score of 85 out of 99, categorizing it as trusted. LegacyFX, on the other hand, has been in operation since 2012 and holds one Tier-1 license. However, it lacks Tier-2 licensing and bears a Trust Score of 67, which is considered high risk. Neither Trade Nation nor LegacyFX is publicly traded or operates as a bank.

When choosing between these brokers, prospective investors might consider the level of regulatory oversight and trustworthiness indicated by their respective Trust Scores and licenses. Trade Nation, with its higher Trust Score and additional licenses, may appeal more to those seeking added assurance. Meanwhile, LegacyFX presents a slightly higher risk level, reflected in its score and licensing higher risk designations.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Year Founded info 2014 2012
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

If low trading costs and clear pricing are priorities, Trade Nation pulls ahead of LegacyFX on commissions and fees. Trade Nation is rated 5/5 stars and ranked #7 out of 63 brokers in this category, while LegacyFX is rated 3.5/5 stars and ranked #58 out of 63. The key differences come down to spread transparency, account structures, and the availability of average pricing data.

Trade Nation offers fixed-spread pricing on its TN Trader platform and variable-spread pricing on MetaTrader. Its flagship fixed spread is 0.6 pips on EUR/USD, briefly widening to about 1.4 pips during the daily rollover (roughly an hour), which puts the true average close to 1 pip over time. On MetaTrader, you can choose a commission-based Raw Spread account that charges $3.50 per side ($7 round-trip) per standard lot, or a commission-free account with higher spreads. Factoring all-in costs, TN Trader typically delivers the lowest spreads among its three account types.

LegacyFX’s commissions and fees depend heavily on the entity and account tier you choose, and there are no published average spreads to gauge day-to-day costs. In the EU (CySEC), there are Silver, Gold, and Platinum accounts with minimum deposits of $500, $5,000, and $25,000; the Silver account can start as high as 1.6 pips on EUR/USD. Internationally (Vanuatu), there are seven tiers from Standard ($500) to VIP ($50,000), with higher tiers offering more services and lower advertised minimum spreads. The lack of average spread data and the wide spread of tiers make LegacyFX’s true trading costs harder to pin down compared with Trade Nation.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Minimum Deposit info $0 $500
Average spread (EUR/USD) - Standard account info 0.6 N/A
All-in Cost EUR/USD - Active info 0.6 N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Trade Nation and LegacyFX both let you trade forex as CFDs or spot contracts, and both offer copy trading. Trade Nation lists about 1,000 tradeable symbols compared with LegacyFX’s 425, and it edges out on currency coverage with 46 forex pairs versus 44 at LegacyFX. Neither broker lets you buy actual U.S. or international exchange-traded stocks, and neither supports buying real cryptocurrency; however, both provide cryptocurrency CFDs for price-based trading.

For range of investments, both brokers earn 3.5 out of 5 stars. In ForexBrokers.com’s rankings, Trade Nation places #39 out of 63 brokers, while LegacyFX ranks #49. If a wider overall selection matters to you, Trade Nation offers more symbols and slightly more forex pairs. If you’re mainly after forex, copy trading, and crypto CFDs, LegacyFX delivers a similar lineup.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 425
Forex Pairs (Total) info 46 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Comparing Trade Nation vs LegacyFX for trading platforms and tools: both brokers offer free demo (paper) accounts, copy trading, and access on both web browsers and Windows desktop. Trade Nation adds a proprietary, in-house platform and supports MetaTrader 4 (MT4). LegacyFX does not have its own platform but supports MetaTrader 5 (MT5) instead, and does not offer MT4. Trading directly from charts is available at LegacyFX but not at Trade Nation. The exact counts of built-in chart indicators and watchlist columns are not specified for either broker.

According to ForexBrokers.com, Trade Nation is rated 4 out of 5 stars and ranks 45th out of 63 for Trading Platforms and Tools, while LegacyFX is rated 3.5 stars and ranks 61st. In simple terms: choose Trade Nation if you want MT4 plus a proprietary platform; pick LegacyFX if you prefer MT5 and placing orders from charts.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info No Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Trade Nation and LegacyFX both offer mobile trading apps for iPhone and Android, and each supports stock and forex price alerts. A key difference is watchlists: Trade Nation syncs watchlists between the app and your online account so changes carry across devices, while LegacyFX does not offer watchlist syncing.

For charting, Trade Nation provides 99 technical studies compared to 30 with LegacyFX. Both apps let you draw trendlines and will auto-save your drawings. In user ratings, Trade Nation scores 4 out of 5 stars for Mobile Trading Apps, while LegacyFX earns 3.5 out of 5. According to ForexBrokers.com, Trade Nation ranks 46th out of 63 brokers for mobile trading, and LegacyFX ranks 62nd. If you value more indicators and synced watchlists, Trade Nation stands out; if you just need core features and alerts, LegacyFX covers the basics.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Trade Nation and LegacyFX both keep traders informed with daily market commentary and premium forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each broker holds a 3.5-star Research rating from ForexBrokers.com; Trade Nation ranks 43rd out of 63 brokers for Research, while LegacyFX ranks 47th.

For tools, LegacyFX offers Autochartist and includes an economic calendar, but it does not feature Trading Central or a sentiment gauge. Trade Nation also skips Trading Central and Autochartist, yet adds a sentiment tool and research from Acuity Trading’s Signal Centre; it does not include an economic calendar. TipRanks is not offered at Trade Nation, and LegacyFX’s use of TipRanks or Acuity Trading is not specified.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No No
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info Yes
Economic Calendar info No Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Trade Nation and LegacyFX both provide beginner-friendly forex and CFD education, with each broker offering at least 10 educational pieces and at least 10 beginner videos that explain core trading topics in plain language. As you progress, both also supply 10+ advanced videos, giving newcomers a clear path from basics to more complex strategies.

Where they differ is live learning: LegacyFX hosts monthly educational webinars, while Trade Nation does not. According to ForexBrokers.com, both score 3.5 out of 5 stars for Education, but LegacyFX ranks slightly higher (#35 of 63) than Trade Nation (#41 of 63). If live webinars and a small edge in ranking matter, LegacyFX is the better pick; if you prefer on-demand video lessons without live sessions, Trade Nation still delivers solid beginner education.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Trade Nation is better than LegacyFX. Trade Nation finished with an overall rank of #34, while LegacyFX finished with an overall rank of #63.

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Feature Trade Nation logoTrade Nation
LegacyFX logoLegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 85 67
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Trade Nation or LegacyFX?

In a Trade Nation vs LegacyFX comparison, both online brokers do not support buying and taking delivery of actual cryptocurrency, but they each offer cryptocurrency trading via CFDs.

What funding options does each broker offer?

Comparing online brokers Trade Nation vs LegacyFX for funding options, both lack ACH or SEPA transfers for deposits and withdrawals, and no information was provided regarding PayPal, Skrill, Visa/Mastercard, or bank wire support.

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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.

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Overall Rating Trade Nation LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 85 67
Winner check_circle
Review Trade Nation Review LegacyFX Review
Broker Screenshots Trade Nation LegacyFX
Broker Gallery (click to expand) info
Trade Nation MetaTrader 4 desktop platform. Trade Nation MetaTrader 4 desktop charts. Trade Nation TN Trader web platform. Trade Nation TradingView connection. Trade Nation TradingView web platform trade ticket window. Trade Nation TradingView web platform. Trade Nation web platform. Trade Nation client portal web dashboard Trade Nation MetaTrader 4 desktop platform. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform Signal Centre dashboard powered by Acuity detail. Note: Past performance is not a reliable indicator of future performance. Trade Nation web platform add signal to order ticket Trade Nation web platform trade ticket limit order Trade Nation web platform charting ChartIQ. Note: Past performance is not a reliable indicator of future performance.
LegacyFX MT5 desktop trading platform LegacyFX MT5 desktop trading platform watchlist LegacyFX MT5 desktop trading platform charts LegacyFX MT5 desktop trading platform signals market
Regulation Trade Nation LegacyFX
Trust Score info 85 67
Year Founded info 2014 2012
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Trade Nation LegacyFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) Trade Nation LegacyFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Trade Nation LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1000 425
Forex Pairs (Total) info 46 44
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 Trade Nation LegacyFX
Average spread (EUR/USD) - Standard account info 0.6 N/A
All-in Cost EUR/USD - Active info 0.6 N/A
Inactivity Fee info No No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding Trade Nation LegacyFX
Minimum Deposit info $0 $500
PayPal (Deposit/Withdraw) info
Skrill (Deposit/Withdraw) info
Bank Wire (Deposit/Withdraw) info
Non-wire bank transfer info No No
Trading Platforms Trade Nation LegacyFX
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools Trade Nation LegacyFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info No Yes
Charts can be saved info No Yes
Mobile Trading Trade Nation LegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 99 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info No Yes
Research Trade Nation LegacyFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info No No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info No Yes
Education Trade Nation LegacyFX
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs Trade Nation LegacyFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Trade Nation Review LegacyFX Review
Overall Trade Nation LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 85 67
Winner check_circle
Review Trade Nation Review LegacyFX Review
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