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Trading 212 vs LegacyFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Trading 212 vs LegacyFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Trading 212
4/5 Stars Overall
  • Minimum Deposit: €10
  • Trust Score: 79
  • Tradeable Symbols (Total): 8025
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

When comparing the online brokers Trading 212 and LegacyFX, it's important to consider their history and trustworthiness. Trading 212 was founded in 2004, while LegacyFX began operations in 2012. Neither of these brokers are publicly traded or operate as banks. Trading 212 has earned a Trust Score of 79 out of 99 according to ForexBrokers.com, indicating an average risk level. The broker is licensed with two Tier-1 regulatory bodies, known for high trust levels, adding a layer of reliability to its services.

On the other hand, LegacyFX has a slightly lower Trust Score of 67, placing it in the high-risk category. Like Trading 212, LegacyFX also chooses not to operate as a bank or be listed on stock exchanges. It holds one Tier-1 license, which reflects its attempt to ensure some degree of investor confidence. While both platforms meet essential regulatory standards, Trading 212 slightly edges out LegacyFX in terms of perceived trust and regulatory backing.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Year Founded info 2004 2012
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

When it comes to comparing commissions and fees at Trading 212 and LegacyFX, there are key differences that potential investors should be aware of. Trading 212 provides a CFD account option with a minimum deposit requirement of 10 euros, highlighting its appeal to traders looking for low initial investment barriers. While Trading 212 proudly advertises zero-commission trading, traders should note the involvement of spreads, which are relatively high compared to industry standards. For example, the average spread for the EUR/USD pair in January 2024 was reported at 1.9 pips. Offering a user-friendly platform, Trading 212 earns a solid 4-star rating for commissions and fees, placing it 43rd out of 63 brokers according to ForexBrokers.com.

On the other hand, LegacyFX's commission and fee structure varies significantly based on whether clients use their EU entity regulated by CySEC or their international entity in Vanuatu. For EU residents, LegacyFX offers three account types: Silver, Gold, and Platinum, with minimum deposits of $500, $5,000, and $25,000, respectively. Spreads are more favorable with the Platinum account but remain relatively high on the Silver account, with a minimum spread starting at 1.6 pips for the EUR/USD. The Vanuatu entity offers seven account types catering to international clients, ranging from Standard with a $500 deposit to VIP with a $50,000 deposit. Each account tier provides varying levels of client support and access to trading tools, though such differences make transparent pricing harder to discern. LegacyFX receives a 3.5-star rating and ranks 57th in the commissions and fees category according to ForexBrokers.com.

While both Trading 212 and LegacyFX have distinct offerings regarding commissions and fees, Trading 212 has a slight edge with a higher star rating and better ranking. Traders may find Trading 212 more appealing with its low deposit requirements and fee transparency, even though its spreads are above industry averages. Meanwhile, LegacyFX presents a broader range of account types that may cater to different levels of traders but lacks the average spread data that investors often seek for making informed decisions.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Minimum Deposit info €10 $500
Average Spread EUR/USD - Standard info 1.9 info N/A
All-in Cost EUR/USD - Active info 1.9 info N/A
Active Trader or VIP Discounts info No Yes
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to the range of investments, Trading 212 clearly outshines LegacyFX with its exemplary variety and flexibility. Offering an impressive 8,025 tradeable symbols, Trading 212 provides access to 146 forex pairs, significantly more than LegacyFX's 425 tradeable symbols and 44 forex pairs. Additionally, Trading 212 allows clients to invest in exchange-traded securities on both U.S. and international stock exchanges, whereas LegacyFX does not provide this option. Both platforms support forex trading via CFDs or spot contracts and offer cryptocurrency derivatives, though neither offers direct cryptocurrency purchases.

Despite Trading 212's comprehensive offerings earning it a 5-star rating for its range of investments, LegacyFX, with its limited selection, earns 3.5 stars. Moreover, Trading 212 ranks 15th out of 63 brokers in ForexBrokers.com's Range of Investments category, while LegacyFX is placed at 48th. Although LegacyFX has the added functionality of copy trading, the sheer breadth of Trading 212's offerings, including stocks from major exchanges and a vast array of forex options, makes it a more versatile choice for investors seeking diverse portfolios.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 8025 425
Forex Pairs (Total) info 146 44
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No 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

When comparing Trading 212 and LegacyFX, both offer virtual demo accounts for practice before committing real funds. Trading 212 comes with a unique in-house platform that supports web-based trading, but it lacks a Windows-based desktop download option. LegacyFX, on the other hand, does not have its own proprietary platform but provides a Windows-based desktop download option as well as a web-based platform. While Trading 212 doesn’t support popular tools like MetaTrader 4 or MetaTrader 5, LegacyFX does offer MT5, alongside a copy trading option, which Trading 212 does not provide. Both platforms allow trades directly from stock charts, making the actual trading experience seamless for users.

When it comes to charting tools, Trading 212 leads with 20 available drawing tools compared to LegacyFX's 15. However, LegacyFX provides more fields for watch lists, offering seven columns compared to Trading 212’s five. Trading 212 has earned a slightly higher rating of four stars out of five for its trading platforms and tools, compared to LegacyFX's 3.5 stars. Additionally, Trading 212 ranks higher at #20 out of 63 brokers in this category on ForexBrokers.com, in contrast to LegacyFX, which sits at #60. These distinctions suggest that Trading 212 may be favored by those who prefer a streamlined, online-focused platform, while LegacyFX caters to traders who appreciate more traditional desktop access and advanced tools.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 54 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 5 7
View More

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

Forex trading apps

When choosing between the mobile trading apps of Trading 212 and LegacyFX, both options are available on iPhone and Android, providing traders with the flexibility to manage their investments on the go. Both apps enable stock and forex price alerts, ensuring that users can stay informed of market changes in real time. Additionally, both Trading 212 and LegacyFX offer the ability to draw trendlines and access multiple time frames on charts, enhancing the overall trading experience. However, a distinct advantage of Trading 212 is its watchlist symbol syncing feature, which allows changes to be mirrored instantly between the mobile app and the user's online account—a feature that LegacyFX does not offer.

Trading 212 also excels in its charting capabilities with a vast selection of 104 technical studies, compared to the 30 offered by LegacyFX. Auto-saving of chart drawings and real-time quote watchlists are standard features across both platforms, providing convenience and speed when analyzing market movements. In terms of overall ratings, Trading 212 holds a solid 4-star rating, placing it at number 17 out of 63 brokers according to ForexBrokers.com. In contrast, LegacyFX receives a 3.5-star rating and ranks 61st, indicating room for improvement in the overall user experience. Whether prioritizing advanced charting features or seamless app integration, users will find both strengths and areas for consideration when comparing these two mobile trading solutions.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
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 104 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

When comparing Trading 212 and LegacyFX, potential users may notice distinct differences in their market research offerings. LegacyFX provides daily market commentary, keeping its users informed with regular updates, an area where Trading 212 does not engage. Both platforms deliver forex news sourced from top-notch providers like Bloomberg and Reuters, ensuring access to quality information. Additionally, LegacyFX stands out by offering tools from Autochartist, enhancing technical analysis, a feature absent from Trading 212's offerings. However, neither broker provides tools from Trading Central or offers market research from TipRanks or Acuity Trading.

For those interested in sentiment-based trading tools, Trading 212 gives access to insights on long and short positions across various instruments, an advantage not available with LegacyFX. Both brokers ensure users are aware of crucial economic events through comprehensive economic calendars. When considering overall research performance, both Trading 212 and LegacyFX receive a rating of 3.5 stars. However, in the ForexBrokers.com ranking for research categories among 63 brokers, LegacyFX holds a slight edge at #45, just above Trading 212, which ranks at #46.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Daily Market Commentary info No 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 No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing educational resources for beginners, Trading 212 and LegacyFX both provide a solid starting point for those new to forex and CFD trading. Both platforms offer a wealth of educational materials, each providing over 10 articles, videos, and archived webinars focused on these subjects. This wealth of information includes monthly online webinars and a searchable archive of recorded sessions, ensuring that learners have continuous access to quality educational content. Furthermore, both brokers cater to the complete learning spectrum with a collection of over 10 videos each for both beginner and advanced traders. To aid in understanding complex financial terms, each one offers an investor dictionary with definitions for more than 50 key investing terms.

Although Trading 212 and LegacyFX share many similarities in their educational offerings, their standing varies slightly based on external evaluations. Each broker scores 3.5 stars for their educational content. However, Trading 212 boasts a higher position, ranking 20th out of 63 brokers in the education category on ForexBrokers.com, whereas LegacyFX comes in at 35th. This distinction might guide beginners in making a more informed decision based on their educational priorities.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes 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 Trading 212 is better than LegacyFX. Trading 212 finished with an overall rank of #31, while LegacyFX finished with an overall rank of #62.

Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.

Feature Trading 212 logoTrading 212
LegacyFX logoLegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 79 67
Range of Investments 5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 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 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Trading 212 or LegacyFX?

Neither Trading 212 nor LegacyFX offers the ability to purchase actual delivered cryptocurrency, but both platforms provide options to buy cryptocurrency derivatives.

What funding options does each broker offer?

When comparing Trading 212 and LegacyFX for fund deposit and withdrawal options, Trading 212 supports ACH, SEPA, PayPal, Visa, Mastercard, and bank wires, but not Skrill, whereas LegacyFX offers Visa, Mastercard, bank wires, and Skrill, without ACH, SEPA, or PayPal support.




announcementPlease 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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Compare

0 of 5
Overall Rating Trading 212 LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 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 4/5 Stars 3.5/5 Stars
Trust Score info 79 67
Winner check_circle
Review Trading 212 Review LegacyFX Review
Broker Screenshots Trading 212 LegacyFX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Trading 212 LegacyFX
Trust Score info 79 67
Year Founded info 2004 2012
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Trading 212 LegacyFX
Australia (ASIC Authorised) info No 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 No No
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 Yes info Yes info
Tier-2 Licenses (Trusted) Trading 212 LegacyFX
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Trading 212 LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 8025 425
Forex Pairs (Total) info 146 44
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No 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 Trading 212 LegacyFX
Average Spread EUR/USD - Standard info 1.9 info N/A
All-in Cost EUR/USD - Active info 1.9 info N/A
Active Trader or VIP Discounts info No Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Trading 212 LegacyFX
Minimum Deposit info €10 $500
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Trading 212 LegacyFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No No
MetaTrader 5 (MT5) info No Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Trading 212 LegacyFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 5 7
Charting - Indicators / Studies (Total) info 54 30
Charting - Drawing Tools (Total) info 20 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Trading 212 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 104 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 Yes Yes
Research Trading 212 LegacyFX
Daily Market Commentary info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Trading 212 LegacyFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Trading 212 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 Trading 212 Review LegacyFX Review
Overall Trading 212 LegacyFX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 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 4/5 Stars 3.5/5 Stars
Trust Score info 79 67
Winner check_circle
Review Trading 212 Review LegacyFX Review
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