Trade Nation vs LegacyFX 2025

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	LegacyFX
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	LegacyFX
Minimum Deposit info	$0	$500
Average Spread EUR/USD - Standard info	0.6	N/A
All-in Cost EUR/USD - Active info	0.6	N/A
Active Trader or VIP Discounts info	No	Yes
ACH or SEPA Transfers info	No	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	Yes
Visa/Mastercard (Credit/Debit) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Trade Nation vs LegacyFX: both brokers offer forex trading delivered as CFDs or spot contracts, along with copy trading and access to cryptocurrency derivatives (but not actual, delivered crypto). For breadth, Trade Nation lists about 1,000 tradable symbols versus LegacyFX’s 425, and 46 forex pairs compared with 44. Neither broker lets you buy real, exchange-traded shares on U.S. or international stock exchanges.

On ratings, each earns 3.5 out of 5 stars for Range of Investments. However, ForexBrokers.com ranks Trade Nation 39th out of 63 brokers in this category, while LegacyFX sits at 49th. If a wider list of markets matters, Trade Nation has the edge; if you mainly want CFD forex, copy trading, and crypto derivatives, both cover the essentials.

Feature	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. Stock Trading (Non CFD) info	No	No
Int'l Stock Trading (Non CFD) info	No	No
Social Trading / Copy Trading info	Yes	Yes
Cryptocurrency (Physical) info	No	No
Cryptocurrency (Derivative) 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

Trade Nation and LegacyFX both offer free demo (paper) accounts, plus Windows desktop and web-based platforms with copy trading. The key difference is platform choice: Trade Nation has its own proprietary platform and supports MetaTrader 4 (MT4) but not MetaTrader 5 (MT5), while LegacyFX skips a proprietary platform, supports MT5, and does not offer MT4. Neither connects to DupliTrade or ZuluTrade. If placing orders directly from charts matters, LegacyFX includes that feature; Trade Nation does not.

For charting, indicator counts aren’t specified, but Trade Nation lists 39 drawing tools versus 15 at LegacyFX, and its watchlists can show up to 14 columns compared with 7 at LegacyFX. According to ForexBrokers.com, Trade Nation earns 4.0/5 for Trading Platforms & Tools and ranks 45th of 63 brokers, while LegacyFX scores 3.5/5 and ranks 61st. In short, MT4 users and those who want more drawing tools and watchlist fields may favor Trade Nation, while MT5 traders and fans of trading from charts may prefer LegacyFX.

Feature	Trade Nation	LegacyFX
Virtual Trading (Demo) info	Yes	Yes
Proprietary Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Social Trading / Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	No	Yes
DupliTrade info	No	No
ZuluTrade info	No	No
Charting - Indicators / Studies (Total) info	115	30
Charting - Drawing Tools (Total) info	39	15
Charting - Trade From Chart info	No	Yes
Watchlists - Total Fields info	14	7

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

Forex trading apps

Trade Nation vs LegacyFX: both brokers provide iPhone and Android mobile trading apps with price alerts and real-time quote watchlists. A key difference is watchlist syncing—Trade Nation syncs symbols between the mobile app and your online account, while LegacyFX does not, which can affect convenience when switching devices.

For charting, Trade Nation includes 99 technical studies compared to 30 on LegacyFX. Both apps let you draw trendlines, view multiple time frames (intraday to weekly), and auto-save chart drawings. In independent assessments, Trade Nation earns 4 stars and ranks #46 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks #62. If you value broader indicators and synced watchlists, Trade Nation is the stronger fit; if you just need core charting and alerts, LegacyFX covers the essentials.

Feature	Trade Nation	LegacyFX
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Alerts - Basic Fields info	Yes	Yes
Watchlist Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	99	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Multiple Time Frames info	Yes	Yes
Mobile Charting - Drawings Autosave info	Yes	Yes
Mobile Watchlist 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	LegacyFX
Daily Market Commentary info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central (Recognia) info	No	No
Social Sentiment - Currency Pairs info	Yes	No
TipRanks info	No
Signal Centre (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 a wealth of educational resources aimed at helping beginners dive into the world of forex and CFDs trading. Both brokers offer a minimum of ten educational pieces, such as articles and videos, focused on forex and CFDs. Each platform also boasts at least ten introductory videos tailored specifically for beginners, alongside ten advanced videos for more experienced traders. Additionally, both Trade Nation and LegacyFX offer investor dictionaries with definitions for over fifty investment terms, ensuring that novices can get up to speed with essential terminology.

While both brokers are committed to education, LegacyFX stands out with its monthly online webinars and a searchable archive of past sessions. Unfortunately, Trade Nation does not offer these services, which might be a consideration for learners who enjoy live interaction or catching up on previously recorded content. Despite both brokers receiving a 3.5-star rating out of five for their educational offerings, they do differ in rank among 63 brokers in the ForexBrokers.com Education category—LegacyFX holds the 35th spot, whereas Trade Nation is ranked at 41st. This slight difference may reflect LegacyFX's more comprehensive webinar offerings, providing an edge for beginners seeking a full range of learning options.

Feature	Trade Nation	LegacyFX
Education (Forex or CFDs) info	Yes	Yes
Client Webinars info	No	Yes
Client Webinars (Archived) info	No	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes
Investor Dictionary (Glossary) 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	LegacyFX
Overall Rating info
Trust Score info	85	67
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	Trade Nation	LegacyFX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
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

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/Central Bank 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. Stock Trading (Non CFD) info	No	No
Int'l Stock Trading (Non CFD) info	No	No
Social Trading / Copy Trading info	Yes	Yes
Cryptocurrency (Physical) info	No	No
Cryptocurrency (Derivative) 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 info	0.6	N/A
All-in Cost EUR/USD - Active info	0.6	N/A
Active Trader or VIP Discounts info	No	Yes
Inactivity Fee info	No	No
Execution: Agency Broker info	No	No
Execution: Market Maker info	Yes	Yes

Funding	Trade Nation	LegacyFX
Minimum Deposit info	$0	$500
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	Yes
Visa/Mastercard (Credit/Debit) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes
ACH or SEPA Transfers info	No	No

Trading Platforms	Trade Nation	LegacyFX
Proprietary Platform info	Yes	No
Desktop Platform (Windows) info	Yes	Yes
Web Platform info	Yes	Yes
Social Trading / Copy Trading info	Yes	Yes
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	No	Yes
cTrader info	No	No
DupliTrade info	No	No
ZuluTrade info	No	No

Trading Tools	Trade Nation	LegacyFX
Virtual Trading (Demo) info	Yes	Yes
Alerts - Basic Fields info	Yes	Yes
Watchlists - Total Fields info	14	7
Charting - Indicators / Studies (Total) info	115	30
Charting - Drawing Tools (Total) info	39	15
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 Alerts - Basic Fields info	Yes	Yes
Mobile Watchlist info	Yes	Yes
Watchlist Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	99	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Multiple Time Frames info	Yes	Yes
Mobile Charting - Drawings Autosave info	Yes	Yes
Mobile Economic Calendar info	No	Yes

Research	Trade Nation	LegacyFX
Daily Market Commentary info	Yes	Yes
Forex News (Top-Tier Sources) info	Yes	Yes
Autochartist info	No	Yes
Trading Central (Recognia) info	No	No
TipRanks info	No
Social Sentiment - Currency Pairs info	Yes	No
Economic Calendar info	No	Yes

Education	Trade Nation	LegacyFX
Education (Forex or CFDs) info	Yes	Yes
Client Webinars info	No	Yes
Client Webinars (Archived) info	No	Yes
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	Yes
Investor Dictionary (Glossary) info	Yes	Yes

Major Forex Pairs	Trade Nation	LegacyFX
GBP/USD info	Yes	Yes
USD/JPY info	Yes	Yes
EUR/USD info	Yes	Yes
USD/CHF info	Yes	Yes
USD/CAD info	Yes	Yes
NZD/USD info	Yes	Yes
AUD/USD info	Yes	Yes
Review	Trade Nation Review	LegacyFX Review

Overall	Trade Nation	LegacyFX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	85	67
Winner	check_circle
Review	Trade Nation Review	LegacyFX Review