Written by ForexBrokers.com
In this head to head comparison of Admirals 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 Admirals and LegacyFX, two well-known online brokers, key differences emerge in terms of trust and regulatory standings. Admirals, established in 2001, holds an impressive Trust Score of 93 out of 99 from ForexBrokers.com, indicating a high level of reliability. It boasts four Tier-1 licenses and three Tier-2 licenses, showcasing its secure and trusted position in the industry. Meanwhile, LegacyFX, which commenced operations in 2012, holds a Trust Score of 67, signaling a higher risk relative to Admirals. It only possesses one Tier-1 license and lacks any Tier-2 licenses, offering less assurance to traders seeking safety in trading platforms.
Neither Admirals nor LegacyFX is publicly traded or operates as a bank. These facts further differentiate the brokers primarily based on their regulatory frameworks and trust levels. Admirals’ extensive regulatory coverage offers clients a more secure trading experience, whereas LegacyFX's limited licensing may require traders to approach with caution. For those prioritizing regulatory assurance and trust, Admirals stands out as the more reliable option.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Year Founded | 2001 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating the commissions and fees of Admirals, traders will find competitive pricing with typical spreads of 0.8 on both its Trade account and Zero account. Admirals boasts a high rating of 4.5 stars for its commission and fee structure, ranking at an impressive #17 out of 62 brokers according to ForexBrokers.com. This competitive edge makes Admirals a popular choice for traders seeking cost-effective solutions.
In contrast, LegacyFX presents a more complex fee structure, dependent on whether you choose its EU entity regulated by CySEC or its international entity in Vanuatu. For its EU clients, LegacyFX offers three account types—Silver, Gold, and Platinum—with minimum deposits ranging from $500 to $25,000. The advertised spreads are lower on the Platinum account and higher on Gold and Silver, with the Silver account having a minimum spread as high as 1.6 pips on the EUR/USD. Internationally, LegacyFX provides seven account types with varying minimum deposits and benefits, but lacks average spread data, making it difficult to fully evaluate trading costs. This results in a 3.5-star rating and a lower ranking of #56 out of 62 brokers.
The key difference between Admirals and LegacyFX lies in transparency and cost. While Admirals provides clear and competitive pricing with a high ranking, LegacyFX's fee structure is more complicated, with less transparency in spread costs, leading to its lower ranking and star rating.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
Admirals and LegacyFX both offer forex trading through CFDs, allowing investors to explore currency pair opportunities. Admirals provides a wide array of 8702 tradeable symbols, with 82 forex pairs available for trading. In contrast, LegacyFX offers a smaller selection with 425 symbols and 44 forex pairs. A significant distinction between the two is Admirals' provision of exchange-traded securities, enabling clients to purchase shares on both U.S. and international stock exchanges. LegacyFX, however, does not extend this service to its clients.
Both brokers facilitate copy trading, catering to clients interested in mirroring successful strategies. While neither Admirals nor LegacyFX offers the option to buy actual cryptocurrencies, they provide opportunities to trade cryptocurrency derivatives. Admirals holds a higher rating of 4.5 stars for its investment range, compared to LegacyFX's 3.5 stars. ForexBrokers.com has ranked Admirals significantly higher at #19 out of 62 brokers for range of investments, whereas LegacyFX sits at #48, reflecting the broader options Admirals provides for traders.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 425 |
| Forex Pairs (Total) | 82 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | 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.
When it comes to trading platforms and tools, both Admirals and LegacyFX provide a range of options for enhanced trading experiences. Admirals shines with its proprietary platform tailored in-house, offering a more personalized trading environment. It also supports MetaTrader 4 and MetaTrader 5, along with Windows-based desktop downloads and web-based trading, providing a flexible suite for traders. With 106 drawing tools and direct trading from stock charts, Admirals is well-equipped for detailed analysis. Additionally, their platforms accommodate traders looking to simulate trades with free demo accounts. Admirals receives a strong rating of 4 stars and ranks 20th out of 62 brokers for trading platforms and tools.
LegacyFX, on the other hand, does not offer a proprietary platform, but provides a Windows-based desktop platform and web-based trading, ensuring accessibility for traders. While lacking MetaTrader 4, it supports MetaTrader 5, catering to various trading preferences. Like Admirals, LegacyFX also offers copy trading and lets trades be executed directly from stock charts. It features a smaller selection of 15 drawing tools, which may limit some advanced strategies. LegacyFX also supports virtual demo accounts for practice, though it is rated slightly lower at 3.5 stars and is ranked 59th among 62 brokers in terms of trading platforms and tools.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Admirals and LegacyFX, both brokers provide comprehensive mobile trading experiences compatible with iPhone and Android devices. Users of either app can stay informed with stock and forex price alerts and have the capability to draw trendlines and view charts in various timeframes, such as daily or weekly. Admirals and LegacyFX each offer 30 technical studies for in-depth chart analysis, and users can also create real-time watchlists. Despite these similarities, one missing feature for both platforms is watchlist syncing between the mobile app and the online account, which means any changes made in one will not automatically update in the other.
Admirals is rated slightly higher than LegacyFX for mobile trading apps, with a solid four-star rating compared to LegacyFX's 3.5 stars. Moreover, Admirals holds a more favorable ranking from ForexBrokers.com, coming in at #28 out of 62 brokers, while LegacyFX is ranked at #60. Both apps excel in essential features but differ in overall reception and ranking, suggesting Admirals may provide a slightly more satisfying mobile trading experience. Despite their distinctions, users seeking reliable mobile trading platforms will find solid options with either Admirals or LegacyFX.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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.
Both Admirals and LegacyFX provide daily market commentary and deliver forex news from top-tier sources like Bloomberg and Reuters. Admirals, however, stands out with a wider variety of research tools. Admirals incorporates resources from Trading Central and Acuity Trading and offers a sentiment-based trading tool, alongside market insights from TipRanks. Meanwhile, LegacyFX offers Autochartist tools but lacks the additional resources supplied by Trading Central, Acuity Trading, and TipRanks. Both platforms boast economic calendars to keep traders informed about global news events.
In terms of research ratings, Admirals scores slightly higher with 4 stars, compared to LegacyFX's 3.5 stars. This subtle difference is mirrored in their rankings by ForexBrokers.com, where Admirals is ranked 15th out of 62 brokers, while LegacyFX holds the 45th position. Admirals’ notable advantage in research tools and higher rankings make it a preferred choice for traders seeking in-depth market analysis and insights.
| Feature |
Admirals
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Admirals and LegacyFX both offer a wide range of educational resources that cater to beginners in the world of trading. Admirals shines with extensive resources, maintaining over 10 pieces of educational content such as articles, videos, and archived webinars focused on forex and CFDs. Admirals hosts regular monthly webinars with previous sessions available in a searchable archive, and they offer more than 10 beginner-friendly trading videos. Admirals also provides materials for advanced traders and an investor dictionary featuring over 50 terms, earning them a commendable 4-star rating for education and ranking them 12th out of 62 brokers in the Education category on ForexBrokers.com.
LegacyFX equally provides a comprehensive set of beginner-focused educational content, also meeting the criteria of at least 10 studies on forex and CFDs. Monthly webinars and a searchable archive of past sessions are available, paired with numerous beginner-targeted trading videos and advanced materials. An investor dictionary with over 50 terms rounds out their offerings. LegacyFX receives a 3.5-star rating for education and ranks 35th out of 62 brokers in the Education category on ForexBrokers.com. While both brokers provide substantial educational support for new traders, Admirals edges ahead with a higher rating and ranking.
| Feature |
Admirals
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Admirals is better than LegacyFX. Admirals finished with an overall rank of #18, while LegacyFX finished with an overall rank of #62.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 67 |
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Both Admirals and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
In comparing online brokers Admirals and LegacyFX, Admirals provides a wider range of funding options including ACH, SEPA transfers, and PayPal, which are not available with LegacyFX, while both brokers support Skrill, Visa or Mastercard, and bank wire transfers for depositing or withdrawing account funds.
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 | Admirals | LegacyFX | |
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| Trust Score | 93 | 67 | |
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| Review | Admirals Review | LegacyFX Review |
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| Regulation | Admirals | LegacyFX | |
|---|---|---|---|
| Trust Score | 93 | 67 | |
| Year Founded | 2001 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Admirals | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | Admirals | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 425 | |
| Forex Pairs (Total) | 82 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | 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 | Admirals | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | No |
| Trading Platforms | Admirals | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | 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 | 30 | 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 | Admirals | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | 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) | Yes | Yes |
| Major Forex Pairs | Admirals | 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 | Admirals Review | LegacyFX Review |
| Overall | Admirals | LegacyFX | |
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| Trust Score | 93 | 67 | |
| Winner | check_circle | ||
| Review | Admirals Review | LegacyFX Review |
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