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 account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Xtrade vs LegacyFX for range of investments: both brokers let you trade forex as CFDs/spot and both support cryptocurrency as CFDs (not actual coins). Xtrade lists 482 tradeable symbols with 56 forex pairs, while LegacyFX offers 425 symbols with 44 forex pairs. Neither broker provides direct access to exchange-traded stocks in the U.S. or on international exchanges (no ability to buy shares like AAPL or VOD outright).
LegacyFX includes copy trading, which Xtrade does not. For Range of Investments, both earn 3.5 out of 5 stars; ForexBrokers.com ranks LegacyFX #49 of 63 and Xtrade #50. Choose Xtrade if you want a slightly larger lineup of markets and forex pairs, or opt for LegacyFX if copy trading is important to you.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 482 | 425 |
| Forex Pairs (Total) | 56 | 44 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 practice. Xtrade offers a proprietary, browser-based platform and lets you place orders straight from charts. It does not have a Windows desktop app and doesn’t support MT4 or MT5. LegacyFX delivers a web platform plus a Windows desktop platform, supports MetaTrader 5, and also lets you trade from charts. LegacyFX does not have its own in-house platform, and it doesn’t offer MT4.
Feature differences may guide your choice. Xtrade does not offer copy trading, while LegacyFX does. Both scored 3.5 out of 5 stars for Trading Platforms and Tools; in ForexBrokers.com’s rankings of 63 brokers, Xtrade placed #59 and LegacyFX #61. If you want a broker-built web platform, consider Xtrade; if you prefer MT5, desktop software, or copy trading, LegacyFX is the better fit.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | N/A | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Xtrade and LegacyFX both provide mobile trading apps for iPhone and Android. LegacyFX stands out for traders who want more tools on the go: it offers price alerts, around 30 technical studies for charting, the ability to draw trendlines, and it auto-saves chart drawings. Xtrade does not include price alerts, trendline drawing, or auto-save for drawings, and the number of technical studies is not specified. Neither broker supports syncing watchlists between the mobile app and the online account.
When it comes to recognition, Xtrade is rated 4 stars for Mobile Trading Apps and ranks #54 out of 63 brokers on ForexBrokers.com, while LegacyFX is rated 3.5 stars and ranks #62. If you value alerts and more chart features, LegacyFX may appeal. If you prefer a simpler app experience with a higher overall rating in this category, Xtrade could be the better fit.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing Xtrade and LegacyFX on education, LegacyFX is the stronger pick for structured learning. It runs monthly online educational webinars and offers at least 10 beginner-friendly video lessons, while Xtrade does not provide monthly webinars and doesn’t meet the 10-video threshold for beginner or advanced topics. Both brands deliver some forex and CFD education, but LegacyFX makes it easier to start with clear video courses and live sessions.
LegacyFX also includes 10+ advanced videos for when you level up, which Xtrade lacks. Despite both being rated 3.5 out of 5 for Education, LegacyFX ranks higher in the category (#35 of 63) than Xtrade (#46 of 63), according to ForexBrokers.com—suggesting a deeper, more accessible learning path for new traders.
| Feature |
Xtrade
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | 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
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 74 | 67 |
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Xtrade vs LegacyFX: neither broker lets you buy actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
Comparing online brokers Xtrade and LegacyFX, neither supports ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire funding is not specified.
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 | |
|---|---|---|---|
| Broker Gallery (click to expand) |
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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, FSRA, or SCA 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. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Xtrade | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $250 | $500 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | Xtrade | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Xtrade | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | N/A | 30 | |
| 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 Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Xtrade | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Xtrade | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | Xtrade | LegacyFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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