Written by ForexBrokers.com
In this head to head comparison of XTB 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.
Founded in 2002, XTB stands out as a highly trusted online broker with a commendable Trust Score of 96 out of 99 according to ForexBrokers.com. Despite not being a bank, XTB enjoys a strong reputation in the industry partly due to its presence on the stock exchange and its holding of two Tier-1 licenses, which are among the most trusted by ForexBrokers.com. In addition, XTB holds two Tier-2 licenses, reinforcing its trustworthiness and appeal for traders looking for a reliable platform.
LegacyFX, which began its operations in 2012, holds a Trust Score of 67, indicating a higher risk compared to XTB. Unlike XTB, LegacyFX is not publicly traded and carries only one Tier-1 license, reflecting a more limited regulatory framework. With no Tier-2 licenses, LegacyFX’s regulatory standing may not inspire the same level of confidence for some cautious investors. Overall, when comparing the two, XTB presents a more trusted and established option in the online brokerage landscape.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Year Founded | 2002 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of XTB and LegacyFX, XTB offers two account types: a spread-only Standard account and a commission-based Professional account. While the latter is mainly for electable professionals in the U.K. and Europe, XTB's pricing aligns with the industry average. For casual forex traders, the Standard account is a popular choice, especially as the Professional account is being phased out in several regions. With average forex spreads of 1 pip on the EUR/USD, XTB earns a 4.5-star rating for its commissions and fees. The broker is ranked 11th out of 63 by ForexBrokers.com.
LegacyFX offers different account structures based on its EU and international entities but lacks transparency regarding average spreads. Within the EU, they provide Silver, Gold, and Platinum accounts, each with varying minimum deposits and spreads. The Silver account has notably higher costs, starting at 1.6 pips on the EUR/USD. The international entity in Vanuatu presents seven account options, offering different levels of access and support, which further complicates finding a standardized trading cost. LegacyFX hence garners a 3.5-star rating and is positioned 57th among 63 brokers by ForexBrokers.com for its commission and fees.
Both brokers provide perks like active trader discounts; XTB’s program is designed to reward high-volume traders, offering rebates from 5% to 30% based on the volume traded. This scheme, named XTB's Lower Spread Group, signifies their effort to remain competitive, mirroring choices available from platforms like FXCM and FOREX.com. Ultimately, XTB's combination of lower average costs and proactive discount policies puts it ahead of LegacyFX in terms of commission and fees for many retail traders.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | N/A |
| Active Trader or VIP Discounts | No | 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.
When comparing the available range of investments between XTB and LegacyFX, XTB clearly stands out with a more extensive offering. XTB provides its clients with access to 7,184 tradeable symbols, including 71 forex pairs. In stark contrast, LegacyFX offers a modest selection with 425 tradeable symbols and 44 forex pairs. XTB also allows investors to purchase exchange-traded securities on both U.S. and international exchanges, such as Apple and Vodafone shares, while LegacyFX does not offer such options. Furthermore, XTB offers cryptocurrency derivatives, although neither broker provides the option to purchase actual cryptocurrencies. However, XTB does not support copy trading, a feature available to LegacyFX clients.
Rated 5 stars for its range of investments, XTB ranks 14th out of 63 brokers according to ForexBrokers.com, reflecting its diverse selection of tradeable assets. Meanwhile, LegacyFX, with a 3.5-star rating, is ranked 48th, highlighting a more limited array of investment possibilities. Both brokers offer forex trading as CFDs, ensuring flexibility for traders looking to leverage their trades. However, for investors seeking a wider variety of investment vehicles, XTB's offerings cater to a broader range of preferences. Overall, XTB provides an expansive and varied investment platform catering to diverse trading strategies and preferences.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 425 |
| Forex Pairs (Total) | 71 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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.
XTB and LegacyFX both provide traders with the opportunity to simulate trading through free virtual demo accounts, allowing beginners and seasoned professionals alike to practice their strategies without financial risk. However, XTB sets itself apart by offering a proprietary platform, a tool built specifically in-house, which is not available with LegacyFX. Both brokers offer downloadable desktop platforms for Windows and accessible web-based trading platforms for seamless trading experiences on most devices. Notably, LegacyFX supports MetaTrader 5 (MT5), a favored choice among traders for its advanced capabilities, whereas XTB does not support this platform.
When it comes to specific tools, XTB provides a superior selection, with 32 drawing tools for charting compared to LegacyFX’s 15. This gives traders using XTB more resources to analyze market trends effectively. Both brokers allow trading directly from stock charts, which enhances convenience during quick decision-making. In terms of watch list features, XTB once again slightly outdoes LegacyFX by offering eight columns for watch lists against LegacyFX’s seven. These advantages reflect in their overall ratings and rankings, as XTB boasts a 4.5-star rating and ranks ninth out of 63 brokers, significantly outperforming LegacyFX, which garners a 3.5-star rating and ranks 60th in the Trading Platforms and Tools category by ForexBrokers.com.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both XTB and LegacyFX provide comprehensive mobile trading apps for iPhone and Android users. Traders will be pleased to find that each app includes key features like stock and forex price alerts, the ability to draw trendlines, and the capability to view multiple time frames on charts. They also support creating watchlists with real-time quotes, although neither app currently syncs watchlists with the client's online account. While XTB offers 39 technical studies for charting, LegacyFX provides 30, giving XTB a slight edge for those who rely heavily on technical analysis.
In terms of user experience and ratings, XTB's mobile trading app scores higher with a 4.5-star rating compared to LegacyFX's 3.5 stars. On a larger scale, XTB is ranked #8 by ForexBrokers.com among 63 brokers for its app, whereas LegacyFX sits at #61, suggesting that users might find XTB's app more user-friendly and feature-rich. Both apps automatically save any trendline drawings, ensuring that traders' analysis remains intact over multiple sessions.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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.
When comparing XTB and LegacyFX for market research capabilities, both offer daily market commentary and forex news from top-tier sources, ensuring traders stay informed with timely updates from Bloomberg, Reuters, and more. However, LegacyFX takes the lead in providing additional tools like Autochartist for technical and fundamental analysis, while XTB lacks these specific offerings. On the other hand, XTB equips traders with a sentiment-based trading tool, allowing insight into market positions which LegacyFX does not provide. Both platforms offer economic calendars to keep users abreast of significant global economic events, keeping them prepared for market movements.
In terms of overall ratings, XTB outshines with a 5-star research rating compared to LegacyFX’s 3.5 stars. This robust difference is reflected in their rankings by ForexBrokers.com, with XTB placed at an impressive #7 out of 63 brokers, while LegacyFX holds the #46 spot. Therefore, for traders prioritizing research and analysis tools, XTB offers superior comprehensive insights, despite missing a few specialized tools that LegacyFX provides.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | 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.
For beginners keen on exploring educational resources in forex and CFDs, both XTB and LegacyFX present comprehensive offerings. They each provide more than 10 educational materials, including articles, videos, and webinars covering these topics. Monthly online educational webinars are accessible through both platforms, which are supplemented by searchable archives for past sessions. Additionally, novices can benefit from the more than 10 beginner-focused trading videos available on both platforms.
Advanced traders aren't left out either, as XTB and LegacyFX supply a range of educational videos tailored to more experienced audiences. However, those in need of an investor dictionary will find LegacyFX offers one with definitions for over 50 investing terms, a feature not available from XTB. XTB's educational resources earn an impressive 5-star rating and stand 11th among 63 brokers in their category, while LegacyFX scores 3.5 stars and ranks 35th. These distinctions highlight the relative strengths in educational content provided by each broker.
| Feature |
XTB
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than LegacyFX. XTB finished with an overall rank of #7, while LegacyFX finished with an overall rank of #63.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 67 |
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Both XTB and LegacyFX do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options for purchasing cryptocurrency derivatives.
When comparing online brokers XTB and LegacyFX concerning deposit and withdrawal options, XTB supports PayPal while LegacyFX does not, both offer Skrill, Visa or Mastercard, and bank wires, but neither provides ACH or SEPA transfer options.
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 | XTB | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | LegacyFX Review |
| Broker Screenshots | XTB | LegacyFX | |
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| Regulation | XTB | LegacyFX | |
|---|---|---|---|
| Trust Score | 96 | 67 | |
| Year Founded | 2002 | 2012 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | XTB | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 425 | |
| Forex Pairs (Total) | 71 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | XTB | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | XTB | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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) | No | Yes |
| Major Forex Pairs | XTB | 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 | XTB Review | LegacyFX Review |
| Overall | XTB | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | LegacyFX Review |
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