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 account | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Vantage and LegacyFX both let you trade forex via CFDs (contracts for difference), and each supports copy trading. Vantage offers a wider selection overall with about 1,000 tradeable instruments, including 61 currency pairs, while LegacyFX lists around 425 instruments with 44 pairs. Both brokers offer cryptocurrency trading as CFDs but do not support buying actual crypto. If you want to buy or sell real, exchange‑traded shares or ETFs on U.S. or international exchanges, neither broker provides that option.
For Range of Investments, both Vantage and LegacyFX earn 3.5 out of 5 stars. In ForexBrokers.com’s rankings, LegacyFX places #49 out of 63 brokers, and Vantage ranks #51. In short, Vantage edges ahead on sheer number of symbols, while LegacyFX offers a similar mix of markets, just with fewer total choices.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 425 |
| Forex Pairs (Total) | 61 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing Vantage vs LegacyFX on trading platforms and tools, both brokers make it easy to get started with a free demo account for simulated trading. Each offers a Windows desktop download and a web-based platform, plus copy trading and the ability to place trades directly from charts. The key differences: Vantage provides its own proprietary platform and supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX does not have a proprietary platform and supports MT5 but not MT4.
In independent testing, Vantage earns 4 out of 5 stars for Trading Platforms and Tools and ranks #21 out of 63 brokers at ForexBrokers.com. LegacyFX scores 3.5 out of 5 stars and ranks #61 out of 63. If you want MT4 access and an in-house platform option alongside MT5, Vantage has the edge; if you only need MT5 and standard features like web and desktop access with copy trading, LegacyFX may still fit the bill.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
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, 30 built-in technical studies, trendline drawing, and auto-saving of chart annotations. One limitation is shared: neither app offers watchlist symbol syncing with your online account, so changes made on mobile won’t automatically carry over elsewhere.
Where they differ is in third-party evaluations. ForexBrokers.com rates Vantage’s mobile app 4 stars and ranks it 29th out of 63 brokers, while LegacyFX earns 3.5 stars and ranks 62nd. If ratings and industry ranking matter to you, Vantage holds the edge, while LegacyFX still covers the essentials for trading on the go.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Vantage and LegacyFX both provide forex and CFD education that meets the baseline of 10+ learning resources. Each broker hosts monthly client webinars and offers a video library with at least 10 beginner lessons and 10 advanced lessons, giving new traders a clear path from basics to more complex topics. If you prefer learning through videos and live webinars, either option works for getting started with trading.
For overall quality, Vantage holds a slight edge: it earns 4 stars and ranks 24th out of 63 brokers for Education on ForexBrokers.com, while LegacyFX has 3.5 stars and ranks 35th. Beginners may find Vantage a bit more polished and easy to follow, though LegacyFX still delivers plenty of helpful beginner videos and regular webinars. Pick the one that matches your learning style and platform preference.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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
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| Trust Score | 90 | 67 |
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In this online broker comparison, Vantage and LegacyFX both do not offer buying actual (delivered) cryptocurrencies, but each provides access to cryptocurrency CFDs for trading.
Vantage vs LegacyFX deposit and withdrawal methods: Vantage does not support ACH/SEPA but supports PayPal, Skrill, and bank wire transfers, while LegacyFX also lacks ACH/SEPA and its availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Vantage | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Vantage | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Vantage | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Vantage | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | LegacyFX | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Vantage | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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