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Home ‣ Compare ‣ XM Group vs LegacyFX 2025

XM Group vs LegacyFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1394
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

XM Group and LegacyFX offer online trading services but differ significantly in regulatory standings and trust ratings. Established in 2009, XM Group has earned a Trust Score of 93 out of 99 from ForexBrokers.com, placing it within the highly trusted category. In contrast, LegacyFX, founded in 2012, holds a Trust Score of 67, indicating a higher risk level according to the same source. Neither broker is publicly traded or banks, but XM Group distinguishes itself with four Tier-1 regulatory licenses, suggesting stronger oversight, while LegacyFX holds just one such license.

Additionally, XM Group holds one Tier-2 license, enhancing its credibility further, while LegacyFX does not hold any Tier-2 licenses. These regulatory differences, coupled with the Trust Score ratings, suggest that XM Group may provide clients with a more secure and reliable trading environment compared to LegacyFX. Potential investors might find XM Group’s comprehensive licensing an appealing factor when choosing their preferred trading platform.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Year Founded info 2009 2012
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, XM Group earns 4 out of 5 stars and ranks #34 of 63 in ForexBrokers.com’s Commissions and Fees category, while LegacyFX scores 3.5 out of 5 stars and ranks #58 of 63. Both brokers have gaps in pricing transparency that make it harder to estimate your typical trading costs.

XM Group’s Standard account spreads are on the expensive side. For the commission-based XM Zero account, the broker does not publish average spreads, which limits visibility into what traders are likely to pay under normal market conditions.

LegacyFX’s pricing and account lineup depend on the entity you use. In the EU (CySEC-regulated), Silver, Gold, and Platinum accounts require $500, $5,000, and $25,000 minimum deposits; the Silver account carries notably higher costs, with minimum spreads starting at 1.6 pips on EUR/USD, while Platinum advertises lower spreads. Under the Vanuatu entity, seven tiers run from Standard ($500) up to VIP ($50,000); benefits like mentoring, trading-desk access, and tools expand with higher tiers. As with XM Zero, LegacyFX does not publish average spreads, making precise cost comparisons difficult.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Minimum Deposit info $5 $500
Average Spread EUR/USD - Standard info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info 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.

Featured Offers


Range of investments

XM Group offers a wider range of investments than LegacyFX, with 1,394 tradeable symbols versus 425. Forex traders get 55 pairs at XM and 44 at LegacyFX, and both brokers let you trade forex as CFDs or spot contracts. XM also lets you buy real exchange-traded shares on both U.S. and international markets (for example, Apple on NASDAQ and Vodafone on the London Stock Exchange), while LegacyFX does not offer direct share dealing and focuses on CFDs. Both brokers support copy trading. Neither lets you buy actual cryptocurrency, but each offers cryptocurrency derivatives (not the coins themselves).

For range of investments, XM Group is rated 4.5 out of 5 stars and ranks 25th out of 63 brokers on ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks 49th. In short, pick XM if you want more markets and the option to buy real shares alongside CFDs; choose LegacyFX if you prefer a smaller lineup centered on CFDs with access to copy trading and crypto derivatives.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 425
Forex Pairs (Total) info 55 44
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes 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

XM Group and LegacyFX both make it easy to get started with a free demo (paper) account and offer convenient web-based and Windows desktop platforms. Neither broker has its own in-house platform; instead, they lean on MetaTrader. XM Group supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX offers MT5 but not MT4. Copy trading is available at both brokers, and neither supports DupliTrade or ZuluTrade. For charting, each lets you trade directly from the chart, provides 15 drawing tools, and includes watchlists with 7 columns.

For Trading Platforms and Tools, XM Group earns 4 stars and ranks #33 out of 63 brokers on ForexBrokers.com, while LegacyFX earns 3.5 stars and ranks #61. If you need MT4, XM Group is the clear pick; if MT5 is your focus, both brokers cover the basics with web and desktop access, copy trading, and practical charting features.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No 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 Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

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

Forex trading apps

XM Group and LegacyFX both have mobile trading apps for iPhone and Android. Each app supports price alerts, real-time watchlists, trendline drawing, multiple time frames, and 30 built-in technical studies for charting. The key differences: XM Group syncs watchlist symbols between the mobile app and your online account, while LegacyFX does not; LegacyFX auto-saves your chart drawings, while XM Group does not.

For overall quality, ForexBrokers.com rates XM Group’s mobile trading apps 4 stars and ranks them 31st out of 63 brokers, while LegacyFX earns 3.5 stars and ranks 62nd. Pick XM Group if you want cross-device watchlist syncing and a higher-rated app; pick LegacyFX if auto-saving chart annotations matters more to you. Either way, both apps cover the core tools traders expect on the go.

Feature XM Group logoXM Group
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 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

XM Group and LegacyFX both cover the basics of market research with daily market commentary, forex news from top-tier sources (such as Bloomberg or Reuters), and an economic calendar. The extras set them apart: XM includes Trading Central and a sentiment tool that shows long/short positioning, while LegacyFX offers Autochartist for pattern recognition but does not include Trading Central or a sentiment gauge. XM does not feature TipRanks or Acuity Trading; LegacyFX does not list TipRanks or Acuity Trading integrations.

These differences show up in independent ratings: ForexBrokers.com rates XM Group 5 stars for Research and ranks it #8 out of 63 brokers, while LegacyFX earns 3.5 stars and ranks #47. If you want Trading Central insights and sentiment data, XM is the stronger pick; if you prefer Autochartist’s chart pattern ideas alongside standard news and commentary, LegacyFX can fit the bill.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing the educational offerings of XM Group and LegacyFX for beginner traders, both brokers provide a solid foundation. Each offers a variety of resources, including articles, videos, and archived webinars focused on forex and CFDs, ensuring newcomers have the necessary materials to get started. Additionally, both XM Group and LegacyFX host online webinars for their clients each month and maintain an accessible archive of previous sessions. This helps traders of all levels stay up to date and reinforces learning through a continuous stream of information.

Despite their similarities, there are some differences in their educational services. While both brokers offer comprehensive video libraries for beginners and experienced traders alike, LegacyFX scores slightly lower when it comes to educational quality. One unique feature of LegacyFX is their investor dictionary, which provides definitions for more than 50 investing terms, a useful tool for those needing to understand the jargon of trading. However, XM Group outshines LegacyFX with a higher education rating, receiving 5 stars for its educational offerings compared to LegacyFX's 3.5 stars. In terms of educational rankings, XM Group stands out by being placed 7th among 63 brokers, whereas LegacyFX is further behind at 35th. This distinction suggests that XM Group's resources might be more favorable for beginners seeking comprehensive educational support.

Feature XM Group logoXM Group
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 No Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than LegacyFX. XM Group finished with an overall rank of #17, while LegacyFX finished with an overall rank of #63.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 67
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or LegacyFX?

Both XM Group and LegacyFX do not offer the ability to buy actual, delivered cryptocurrencies, but they do allow trading in cryptocurrency derivatives.

What funding options does each broker offer?

Both XM Group and LegacyFX provide options to deposit or withdraw funds using Skrill, Visa, Mastercard, and bank wires, but neither supports ACH, SEPA transfers, or PayPal for transactions.

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Overall Rating XM Group LegacyFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 67
Winner check_circle
Review XM Group Review LegacyFX Review
Broker Screenshots XM Group LegacyFX
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
LegacyFX MT5 desktop trading platform LegacyFX MT5 desktop trading platform watchlist LegacyFX MT5 desktop trading platform charts LegacyFX MT5 desktop trading platform signals market
Regulation XM Group LegacyFX
Trust Score info 93 67
Year Founded info 2009 2012
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes Yes info
Tier-1 Licenses info 4 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group 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 No 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 Yes info
Tier-2 Licenses (Trusted) XM Group LegacyFX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XM Group LegacyFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1394 425
Forex Pairs (Total) info 55 44
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes 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 XM Group LegacyFX
Average Spread EUR/USD - Standard info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Active Trader or VIP Discounts info No Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding XM Group LegacyFX
Minimum Deposit info $5 $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 XM Group LegacyFX
Proprietary Platform info No 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 Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group LegacyFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group 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 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No Yes
Mobile Economic Calendar info Yes Yes
Research XM Group LegacyFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group 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 No Yes
Major Forex Pairs XM Group 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 XM Group Review LegacyFX Review
Overall XM Group LegacyFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3.5/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 93 67
Winner check_circle
Review XM Group Review LegacyFX Review
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