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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 account info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When you compare the range of investments, XM Group offers a wider lineup than LegacyFX. XM lists 1,394 tradeable symbols versus 425 at LegacyFX, and 55 forex pairs versus 44. Both brokers support forex trading (via CFDs or spot) and both offer copy trading.

XM also provides access to exchange‑traded securities (not CFDs) on both U.S. and international exchanges—so you can buy actual shares like Apple or Vodafone—while LegacyFX does not offer real share dealing. Neither broker lets you buy actual cryptocurrency, but both offer crypto CFDs. For Range of Investments, ForexBrokers.com rates XM Group 4.5 stars (ranked 25th of 63) and LegacyFX 3.5 stars (ranked 49th of 63).

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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 provide free demo accounts for paper trading, along with Windows desktop and web-based platforms. Neither broker uses a proprietary platform; instead, they focus on MetaTrader. XM Group supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while LegacyFX offers MT5 but not MT4. Each broker includes copy trading and lets you place trades directly from charts, making it easy to test strategies and act quickly.

For Trading Platforms and Tools, ForexBrokers.com rates XM Group at 4 stars and ranks it #33 out of 63 brokers, while LegacyFX earns 3.5 stars and ranks #61. If you need MT4 alongside MT5 and prefer a higher-rated toolset, XM Group is the more flexible choice. If you’re fine with MT5 only and want copy trading and standard web/desktop access, LegacyFX covers the basics.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

XM Group and LegacyFX both offer mobile trading apps for iPhone and Android, and each supports stock or forex price alerts. In third‑party testing by ForexBrokers.com, XM Group earned 4 stars and ranked 31st out of 63 brokers for Mobile Trading Apps, while LegacyFX received 3.5 stars and ranked 62nd.

Charting tools are similar: both apps include 30 technical studies and let you draw trendlines. The everyday experience differs in two key ways. XM Group syncs watchlists between the mobile app and your online account, so symbols update across devices, but chart drawings do not auto‑save. LegacyFX does not sync watchlists across platforms, yet it does auto‑save drawings on mobile. Pick XM Group if cross‑device watchlist syncing matters most; choose LegacyFX if keeping your chart annotations saved on your phone is the priority.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No 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 (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
Client sentiment data info Yes No
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing XM Group and LegacyFX for beginner-friendly education, both brokers provide a clear path to learning forex and CFDs. Each offers at least 10 beginner video lessons to help you grasp the basics, plus 10 or more advanced videos for when you’re ready to level up. Both also host online educational webinars at least once a month, giving newcomers regular live sessions to ask questions and learn trading concepts in real time.

Where they differ is in quality scores. Based on ForexBrokers.com, XM Group earns 5 stars for Education and ranks #7 out of 63 brokers, while LegacyFX holds 3.5 stars and ranks #35. If you’re a new trader seeking a higher-rated education experience with strong video coverage and frequent webinars, XM Group stands out. LegacyFX still offers helpful content and live training, but it trails XM Group in overall education ratings and ranking.

Feature XM Group logoXM Group
LegacyFX logoLegacyFX
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos 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 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?

XM Group vs LegacyFX: neither broker supports buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading for speculating on crypto prices without owning the underlying asset.

What funding options does each broker offer?

Comparing online brokers XM Group and LegacyFX for deposit and withdrawal methods: both do not support ACH or SEPA transfers; XM Group does not support PayPal but does support Skrill and bank wires, while Visa/Mastercard availability is not specified for either broker and LegacyFX’s support for PayPal, Skrill, and bank wires is unspecified.

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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, FSRA, or SCA 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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 account info 1.6 info N/A
All-in Cost EUR/USD - Active info 0.8 info N/A
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding XM Group LegacyFX
Minimum Deposit info $5 $500
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms XM Group LegacyFX
Proprietary Desktop Trading Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools XM Group LegacyFX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info Yes Yes
Research XM Group LegacyFX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
TipRanks info No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education XM Group LegacyFX
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs XM Group LegacyFX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
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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