Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Vantage and LegacyFX are both prominent online brokers, with Vantage having been established in 2009 and LegacyFX in 2012. Neither broker is publicly traded or operates as a bank. In terms of trust and regulation, Vantage stands out with a higher ForexBrokers.com Trust Score of 90, indicating it is highly trusted. LegacyFX, on the other hand, has a Trust Score of 67, placing it in the high-risk category.
Vantage's strong regulatory standing is supported by its possession of two Tier-1 licenses and one Tier-2 license, which are reputable trust indicators. LegacyFX holds one Tier-1 license, without any Tier-2 licenses, making it less regulated compared to Vantage. These regulatory differences are crucial factors to consider when choosing an online broker.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
Vantage and LegacyFX take different approaches to commissions and fees. Vantage publishes clear spread and commission data across three accounts, while LegacyFX provides tiers but does not publish average spreads, making real-world costs harder to gauge. For this category, Vantage is rated 4.5/5 stars and ranked #20 of 63 brokers by ForexBrokers.com, whereas LegacyFX holds 3.5/5 stars and ranks #58 of 63.
At Vantage, costs vary by account and the entity you open with. The Standard STP account is spread-only, with a typical EUR/USD spread of 1.30 pips (March 2023). The RAW ECN account averages 0.15 pips plus a $3 commission per side ($6 round turn), or about 0.75 pips all-in. The PRO ECN account cuts commission to $2 per side ($4 round turn) and is Vantage’s best-priced option, though eligibility depends on the entity (e.g., wholesale-client status in Australia or a $10,000 minimum with the Cayman Islands entity). Vantage also offers an active trader program with rebates of $2–$8 per standard lot based on balance and monthly volume, but it applies only to the higher-spread Standard account.
LegacyFX’s pricing depends on whether you use its EU (CySEC) or international (Vanuatu) entity, and it does not publish average spreads. In the EU, Silver, Gold, and Platinum accounts require $500, $5,000, and $25,000, respectively; spreads are lowest on Platinum, while Silver shows a minimum EUR/USD spread as high as 1.6 pips. Internationally, seven account tiers run from Standard ($500 minimum) up to VIP ($50,000), with higher tiers mainly unlocking more support and tools rather than clearly defined lower trading costs. In short, Vantage generally offers more transparent—and potentially lower—costs for active traders, while LegacyFX’s value leans on service tiers but lacks the detailed spread data many cost-conscious traders expect.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Vantage vs LegacyFX: both brokers offer forex trading (CFD or spot), but Vantage provides a wider range of instruments overall. Vantage lists about 1,000 tradeable symbols and 61 currency pairs, while LegacyFX offers around 425 symbols and 44 pairs. If you want more choice across markets and forex pairs, Vantage has the edge; if you prefer a leaner lineup, LegacyFX still covers key markets.
Neither broker lets you buy exchange-traded U.S. or international stocks directly (non-CFD), and neither supports purchasing actual crypto. Both do offer crypto derivatives and copy trading. For Range of Investments, ForexBrokers.com rates both at 3.5 out of 5 stars; LegacyFX ranks #49 of 63 brokers, while Vantage ranks #51.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 425 |
| Forex Pairs (Total) | 61 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Vantage and LegacyFX both let you practice risk-free with a free demo (paper) account and offer Windows desktop and web-based trading platforms. Vantage also provides its own proprietary platform, while LegacyFX relies on third-party options. For MetaTrader, Vantage supports both MT4 and MT5, whereas LegacyFX offers MT5 only. Both brokers support copy trading; Vantage adds DupliTrade, and neither connects to ZuluTrade. You can place trades directly from charts with either broker.
For charting and workspace tools, each broker includes 15 drawing tools and watch lists with 7 columns to help organize your markets and analysis. According to ForexBrokers.com’s Trading Platforms and Tools ratings, Vantage scores 4 stars and ranks 21 out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 61 out of 63. Bottom line: Vantage stands out for platform variety and integrations, while LegacyFX covers the essentials for traders who prefer MT5 and a straightforward web or desktop experience.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Vantage and LegacyFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and 30 built-in technical studies for charting. You can draw trendlines, switch among multiple time frames (intraday, daily, weekly), and your chart drawings auto-save. A key drawback for both is that watchlists do not sync with the web platform, so symbols you add on mobile won’t appear online automatically.
According to ForexBrokers.com, the Vantage mobile app earns 4 stars and is ranked 29th out of 63 brokers, while LegacyFX scores 3.5 stars and ranks 62nd. With similar core features but a higher rating and ranking, Vantage is the stronger choice for most traders focused on mobile experience, whereas LegacyFX still covers the basics for charting, alerts, and on-the-go monitoring.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Vantage and LegacyFX both deliver daily market commentary, real-time forex news from major sources like Bloomberg and Reuters, and Autochartist tools for chart patterns. Each also includes an economic calendar for upcoming events. In independent testing, Vantage earned 4 stars for Research and ranked #22 out of 63 brokers, while LegacyFX received 3.5 stars and ranked #47.
The key differences come down to extras. Vantage adds Trading Central analytics and a sentiment tool that shows the ratio of long vs. short positions—features not offered by LegacyFX. Neither broker includes TipRanks or Acuity Trading tools, and LegacyFX does not list these as available. If Trading Central insights and sentiment data matter to you, Vantage has the edge; if you only need daily commentary, quality news, Autochartist, and an economic calendar, LegacyFX covers the essentials.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, both Vantage and LegacyFX provide comprehensive options. They each offer a collection of at least 10 educational pieces focused on forex and CFDs. Beginners have access to regular monthly webinars, and both brokers maintain a searchable archive of past webinars to enhance learning at your own pace. Additionally, they each provide over 10 beginner-focused educational videos, making it easier to understand trading basics. Advanced traders aren't left out either, as each broker supplies over 10 videos on advanced topics. Furthermore, these brokers offer investor dictionaries containing definitions of more than 50 investing terms, making it easier for newcomers to familiarize themselves with industry jargon.
Despite the similarities, Vantage edges out slightly higher in educational ratings with a score of 4 stars compared to LegacyFX's 3.5 stars. In terms of global rankings by ForexBrokers.com for educational offerings, Vantage is ranked 24th out of 63 brokers, while LegacyFX positions at 35th. This slight difference may influence traders looking for credibility and comprehensive educational support from their broker. Whether you're a beginner or an advanced trader, both Vantage and LegacyFX provide a wealth of resources to help you navigate the trading landscape confidently.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Vantage is better than LegacyFX. Vantage finished with an overall rank of #26, while LegacyFX finished with an overall rank of #63.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 67 |
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Both Vantage and LegacyFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Vantage and LegacyFX, neither offers ACH or SEPA transfers for account funding, but Vantage supports PayPal whereas LegacyFX does not, and both brokers accept Skrill, Visa, Mastercard, and bank wire transactions.
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 | Vantage | LegacyFX | |
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| Trust Score | 90 | 67 | |
| Winner | check_circle | ||
| Review | Vantage Review | LegacyFX Review |
| Broker Screenshots | Vantage | LegacyFX | |
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| Regulation | Vantage | LegacyFX | |
|---|---|---|---|
| Trust Score | 90 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Vantage | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Vantage | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Vantage | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 425 | |
| Forex Pairs (Total) | 61 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Vantage | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Vantage | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Vantage | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Vantage | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Vantage | LegacyFX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Vantage Review | LegacyFX Review |
| Overall | Vantage | LegacyFX | |
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| Trust Score | 90 | 67 | |
| Winner | check_circle | ||
| Review | Vantage Review | LegacyFX Review |
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