Written by ForexBrokers.com
In this head to head comparison of Xtrade 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.
When comparing online brokers Xtrade and LegacyFX, it's essential to consider their regulatory standings and trust scores. Xtrade, established in 2003, holds one Tier-1 and one Tier-2 license, which suggests a level of trust that is endorsed by regulatory standards. Its Trust Score of 74 by ForexBrokers.com places it within the average risk category, indicating a reasonable balance of safety for traders. Despite not being publicly traded or a bank, its long-standing presence since 2003 adds to its credibility in the trading arena.
LegacyFX, founded in 2012, also holds a Tier-1 license, but lacks Tier-2 licenses, distinguishing its regulatory stance from Xtrade. With a Trust Score of 67, LegacyFX falls into the high-risk category according to ForexBrokers.com, suggesting slightly increased caution for potential users. Like Xtrade, LegacyFX is neither publicly traded nor a bank. While both brokers offer regulated services and have garnered trust to an extent, their different trust scores and regulatory licenses may influence traders' decisions based on their risk tolerance and preferences.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Year Founded | 2003 | 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 | 1 | 1 |
Comparing commissions and fees at online brokers Xtrade and LegacyFX isn’t straightforward because neither publishes average spread data, which makes it hard to pin down real trading costs. LegacyFX at least outlines account tiers. In the EU (CySEC-regulated), it offers Silver ($500 min), Gold ($5,000), and Platinum ($25,000), with lower advertised spreads on higher-tier accounts and the Silver account showing considerably higher costs (minimum spread as high as 1.6 pips on EUR/USD). Its international entity (Vanuatu) lists seven tiers from Standard ($500) up to VIP ($50,000); higher tiers mainly unlock more support and tools rather than clearly defined lower average spreads. Xtrade provides even less pricing detail, with no average spreads available.
Ratings and rankings reflect this gap in transparency. Xtrade is rated 2.5 out of 5 stars for commissions and fees and is ranked #64 out of 63 brokers in this category by ForexBrokers.com. LegacyFX earns 3.5 out of 5 stars and ranks #58 out of 63, indicating somewhat better—though still not leading—pricing appeal.
Takeaway: LegacyFX may offer lower potential spreads if you deposit more and choose a higher-tier account, but the lack of average spread data means you should verify current pricing before trading. With Xtrade, the absence of published averages makes cost comparison especially difficult. In both cases, check the latest spreads, swaps/overnight financing, and any deposit, withdrawal, or inactivity fees to understand your total trading costs.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $250 | $500 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
Xtrade vs. LegacyFX: both brokers let you trade forex (CFD/spot) and offer crypto derivatives, but neither supports buying actual cryptocurrencies or direct, exchange-listed shares in the U.S. or abroad. Xtrade lists 482 instruments with 56 forex pairs, giving it a slightly larger catalog than LegacyFX, which offers 425 instruments and 44 forex pairs. If your focus is sheer number of symbols and currency pairs, Xtrade has the edge.
LegacyFX stands out by offering copy trading, which Xtrade does not. In independent assessments for range of investments, both earned 3.5 out of 5 stars; among 63 brokers, Xtrade ranked #50 while LegacyFX ranked #49. In short, choose Xtrade for a wider selection of symbols and pairs, or pick LegacyFX if copy trading is a priority—both deliver similar overall breadth across CFDs and forex.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 482 | 425 |
| Forex Pairs (Total) | 56 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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.
Comparing Xtrade vs LegacyFX for trading platforms and tools: both brokers provide a free demo account for paper trading and offer web-based platforms. Xtrade delivers its own proprietary platform but does not have a Windows desktop download. LegacyFX doesn’t have an in-house platform, yet it does provide a Windows desktop platform and supports MetaTrader 5 (neither broker supports MT4). Copy trading is available at LegacyFX and not at Xtrade, and neither broker offers DupliTrade or ZuluTrade.
For charting, Xtrade lists 100 drawing tools versus 15 at LegacyFX, and both let you place trades directly from charts. Watchlists are a bit deeper at Xtrade (9 fields) compared with LegacyFX (7). In ForexBrokers.com’s Trading Platforms and Tools category, both earn 3.5 stars, with Xtrade ranked #59 out of 63 and LegacyFX at #61. Choose Xtrade if you want an in-browser proprietary experience and more drawing tools; pick LegacyFX if you prefer a Windows desktop platform, MetaTrader 5, and access to copy trading.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | 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) | N/A | 30 |
| Charting - Drawing Tools (Total) | 100 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 9 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Xtrade vs LegacyFX for mobile trading apps: both brokers offer iPhone and Android apps. Xtrade holds a 4.0/5 rating and ranks #54 out of 63 in ForexBrokers.com’s Mobile Trading Apps category, while LegacyFX is rated 3.5/5 and ranks #62. That means Xtrade has a slightly higher overall score, even if its toolkit is simpler.
LegacyFX offers more in-app features: price alerts, a real-time watchlist, about 30 technical indicators, trendline drawing, multiple chart time frames, and auto-saving for drawings. Xtrade doesn’t list technical studies and lacks alerts, drawing tools, time-frame switching, auto-save for charts, and real-time watchlists. Neither app syncs watchlist symbols with the web platform. If you want richer charting and alerts, LegacyFX stands out; if third-party ratings matter more, Xtrade has the edge.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Xtrade vs LegacyFX for market research: both deliver daily market commentary and stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each also offers an economic calendar to track upcoming events. In expert reviews, both brokers earned 3.5 out of 5 stars for research.
Differences are modest. LegacyFX includes Autochartist tools for technical and fundamental insights, while Xtrade does not. Neither broker provides Trading Central research or a sentiment tool showing long/short positioning. Xtrade does not offer TipRanks or Acuity Trading tools, and LegacyFX’s availability of TipRanks or Acuity Trading is not specified. In category rankings from ForexBrokers.com, LegacyFX sits at #47 versus Xtrade at #53, giving LegacyFX a slight edge for research.
| Feature |
Xtrade
|
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 | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, Xtrade and LegacyFX both provide a comprehensive selection of materials focusing on forex and CFDs, with a minimum of 10 articles, videos, and other types of content. However, LegacyFX pulls ahead by offering monthly online webinars and maintaining an accessible archive of past sessions, which is an area where Xtrade falls short. For new traders seeking interactive learning experiences, LegacyFX's regular webinars could be a significant advantage.
Additionally, LegacyFX stands out with a broader range of beginner and advanced educational videos, each covering essential trading topics. This is another area where Xtrade does not quite match up, as it lacks these specific resources. Both platforms offer an investor dictionary with over 50 investing terms, helping newcomers get familiar with industry jargon. Still, in terms of educational rankings, LegacyFX is positioned more favorably than Xtrade, being ranked #35 compared to Xtrade's #46 by ForexBrokers.com, although both have the same star rating of 3.5 for their educational offerings.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | No | 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 Xtrade is better than LegacyFX. Xtrade finished with an overall rank of #60, while LegacyFX finished with an overall rank of #63.
Xtrade offers forex and CFD traders its own newly updated and redesigned trading platform, yet with just below 500 symbols that you can trade and recent regulatory issues it trails behind the best forex brokers.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 74 | 67 |
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Both Xtrade and LegacyFX do not provide the option to purchase actual (delivered) cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives, allowing investors to engage in the crypto market without buying the actual digital currencies.
Both Xtrade and LegacyFX provide options for depositing or withdrawing account funds via Skrill, Visa, Mastercard, and bank wires, but neither supports ACH, SEPA transfers, or PayPal.
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 | Xtrade | LegacyFX | |
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| Trust Score | 74 | 67 | |
| Winner | check_circle | ||
| Review | Xtrade Review | LegacyFX Review |
| Broker Screenshots | Xtrade | LegacyFX | |
|---|---|---|---|
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| Regulation | Xtrade | LegacyFX | |
|---|---|---|---|
| Trust Score | 74 | 67 | |
| Year Founded | 2003 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Xtrade | 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) | |||
| 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). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Xtrade | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | Xtrade | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 482 | 425 | |
| Forex Pairs (Total) | 56 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Xtrade | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Xtrade | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $250 | $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 | Xtrade | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | 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 | Xtrade | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 9 | 7 | |
| Charting - Indicators / Studies (Total) | N/A | 30 | |
| Charting - Drawing Tools (Total) | 100 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Xtrade | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Xtrade | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Xtrade | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Xtrade | 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 | Xtrade Review | LegacyFX Review |
| Overall | Xtrade | LegacyFX | |
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| Trust Score | 74 | 67 | |
| Winner | check_circle | ||
| Review | Xtrade Review | LegacyFX Review |
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