Written by ForexBrokers.com
In this head to head comparison of VT Markets 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.
VT Markets, established in 2016, and LegacyFX, founded in 2012, are both privately-held online brokers not listed on any stock exchange and neither operates as a bank. When it comes to trust and safety, VT Markets holds a higher Trust Score of 70 according to ForexBrokers.com, placing it within the average risk category. Meanwhile, LegacyFX has a slightly lower Trust Score of 67, positioning it on the cusp of the high-risk category. Both companies are equipped with one Tier-1 license, indicating a high level of trustworthiness, but VT Markets edges ahead with an additional Tier-2 license, denoting it as slightly more trusted overall.
While both brokers are relatively new entrants to the online trading industry, they show different regulatory footprints. VT Markets, with its combination of Tier-1 and Tier-2 licenses, provides a slightly more reassuring trust profile for potential clients compared to LegacyFX, which lacks Tier-2 licensing. Each broker's regulatory approval highlights their dedication to maintaining secure and reliable trading environments, despite the variance in trust scores and licensing.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Year Founded | 2016 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers for their commissions and fees, VT Markets offers two distinct account options: the Raw ECN and the Standard STP. The Standard STP account is commission-free but has higher spreads, while the Raw ECN account, although not free of commission, provides lower spreads. Both accounts require a low minimum deposit of $100. The average spread on the EUR/USD for VT Markets' Standard STP account is around 1.2 pips, while the Raw ECN achieves a lower effective spread of 0.83 pips. This pricing strategy places VT Markets in a strong position, garnering a 4.5-star rating and ranking #20 out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com.
LegacyFX, on the other hand, has different account offerings depending on whether you're trading through its EU entity regulated by CySEC or its international entity in Vanuatu. The EU accounts include Silver, Gold, and Platinum, requiring deposits of $500, $5,000, and $25,000, respectively. The Platinum account offers the lowest advertised spreads, while the Silver account is more costly with spreads as high as 1.6 pips on the EUR/USD. LegacyFX's Vanuatu entity presents a broader range of account types, from Standard to VIP, with varying minimum deposits and levels of client support. However, the lack of average spread data makes assessing the true cost of trading with LegacyFX somewhat challenging.
Despite its diverse account offerings, LegacyFX earns a 3.5-star rating and ranks #57 out of 63 brokers for commissions and fees, indicating that VT Markets could be the more cost-effective choice for traders focused on low spreads and minimal account funding requirements.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
VT Markets and LegacyFX both cater to forex traders, offering forex trading as CFDs or spot contracts. VT Markets presents a wider variety of tradeable options with 1,000 symbols, whereas LegacyFX offers 425 symbols. Although LegacyFX provides a slightly broader selection of forex pairs, with 44 compared to VT Markets' 39, both brokers receive an identical rating of 3.5 stars for their range of investment offerings.
In terms of additional investment opportunities, VT Markets stands out by providing access to international exchange-traded securities, something not available with LegacyFX. Both platforms offer copy trading features and allow the trading of cryptocurrency derivatives but not actual cryptocurrencies. While neither broker offers U.S. exchange-traded securities, VT Markets ranks higher at #39, compared to LegacyFX at #48, according to ForexBrokers.com’s evaluation of investment options.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 425 |
| Forex Pairs (Total) | 39 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
When comparing VT Markets and LegacyFX, both brokers offer a comprehensive selection of trading platforms and tools. Notably, both provide a free demo account for simulated trading, allowing users to test their strategies without financial risk. While neither broker offers a proprietary trading platform, both support commonly-used platforms like MetaTrader 5. However, VT Markets stands out by offering MetaTrader 4, a popular choice among traders, which LegacyFX does not provide. Users of either broker can enjoy trading on Windows-based desktop platforms as well as the convenience of web-based access via a browser. Furthermore, both brokers support copy trading, though neither offers DupliTrade or ZuluTrade for social trading enthusiasts.
Charting tools are fundamental for traders, and here VT Markets offers a richer experience with 30 drawing tools compared to LegacyFX's 15. Both brokers allow trading directly from stock charts, and they provide identical customization options in watch lists with 7 columns a piece. VT Markets receives a slightly higher rating, with four out of five stars for trading platforms and tools, compared to LegacyFX's 3.5 stars. According to ForexBrokers.com, VT Markets is ranked 47th, surpassing LegacyFX, which ranks 60th among 63 brokers evaluated in this category. These differences make VT Markets a more favorable option for traders seeking a wider range of platform features and strong charting capabilities.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of VT Markets and LegacyFX, both options cater to iPhone and Android users, offering diverse functionalities like stock and forex price alerts and comprehensive charting features with 30 technical studies each. Users can enjoy trendline drawing capabilities and view multiple time frames such as daily, weekly, or intraday charts. However, a distinction arises in the ability to save chart drawings, with only LegacyFX enabling this feature automatically. Both platforms, however, allow the creation of watchlists with real-time quotes, aiding in seamless market tracking.
Despite their similarities, VT Markets edges ahead with a 4-star rating, compared to LegacyFX's 3.5 stars for mobile trading. Evaluated by ForexBrokers.com, VT Markets secures the 44th rank out of 63 brokers in the Mobile Trading Apps category, surpassing LegacyFX, which stands at the 61st position. While neither app offers watchlist symbol syncing to align mobile and online account changes, the differentiators like charting precision and app ranking may help users discern the ideal app for their trading needs.
| Feature |
VT Markets
|
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 | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of VT Markets and LegacyFX, both brokers provide essential resources such as daily market commentary and top-tier forex news from sources like Bloomberg and Reuters. However, they diverge in the availability of specialized research tools. VT Markets does not support Autochartist but does include tools from Trading Central, along with a sentiment-based trading tool that provides insights into the proportion of long and short positions. Meanwhile, LegacyFX offers Autochartist tools but lacks the sentiment-based tool and Trading Central services available with VT Markets. Neither broker partners with TipRanks or Acuity Trading for additional research resources.
Both VT Markets and LegacyFX supply an economic calendar to keep traders informed of significant global economic events. Despite these similarities, VT Markets edges out LegacyFX in terms of broker rankings, securing the 36th spot for research from ForexBrokers.com, compared to LegacyFX's rank of 46th. Both brokers share a research rating of 3.5 out of 5 stars, indicating a decent selection of research tools to aid traders in making informed decisions.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both VT Markets and LegacyFX provide a wealth of information to help new traders get started. VT Markets and LegacyFX each offer a minimum of 10 pieces focused on forex or CFDs education, such as articles, videos, and webinars. They also provide extensive video libraries aimed at beginner traders. However, LegacyFX takes an extra step by offering a searchable archive of previously recorded webinars and hosting monthly client webinars, which VT Markets does not offer. Both brokers include an investor dictionary with definitions for over 50 investing terms, giving clients foundational knowledge to understand trading terminology better.
Although both brokers receive a 3.5-star rating for their educational offerings, their rankings differ when evaluated by ForexBrokers.com. LegacyFX ranks higher at #35 out of 63 brokers in the Education category, compared to VT Markets at #55. While both have strengths in beginner education, LegacyFX provides more comprehensive offerings for traders looking to deepen their trading knowledge with advanced educational content and ongoing webinar opportunities. For those who value consistent educational support and advanced learning materials, LegacyFX may be the better option.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 VT Markets is better than LegacyFX. VT Markets finished with an overall rank of #44, while LegacyFX finished with an overall rank of #63.
VT Markets benefits from being part of the Vantage Group of companies, and provides access to the MetaTrader suite of platforms as well as its own VT Pro trading app.
| Feature |
VT Markets
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 70 | 67 |
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Both VT Markets and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but instead provide options for trading cryptocurrency derivatives.
Both VT Markets and LegacyFX provide options for deposits and withdrawals via Skrill, Visa or Mastercard, and bank wires, but neither supports ACH, SEPA transfers, or PayPal 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 | VT Markets | LegacyFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | LegacyFX Review |
| Broker Screenshots | VT Markets | LegacyFX | |
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| Regulation | VT Markets | LegacyFX | |
|---|---|---|---|
| Trust Score | 70 | 67 | |
| Year Founded | 2016 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | VT Markets | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | VT Markets | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | VT Markets | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 425 | |
| Forex Pairs (Total) | 39 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | VT Markets | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | VT Markets | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | No | 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 | VT Markets | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | No | |
| ZuluTrade | No | No |
| Trading Tools | VT Markets | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | VT Markets | 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 | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | VT Markets | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | VT Markets | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | VT Markets | 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 | VT Markets Review | LegacyFX Review |
| Overall | VT Markets | LegacyFX | |
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| Trust Score | 70 | 67 | |
| Winner | check_circle | ||
| Review | VT Markets Review | LegacyFX Review |
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