Written by ForexBrokers.com
In this head to head comparison of ATFX 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.
ATFX, founded in 2017, and LegacyFX, established in 2012, offer online trading services but vary in their regulatory strengths. Both brokers are privately held and not associated with any banks, yet their Trust Scores and licensing differ. ATFX boasts a Trust Score of 85, indicating a solid trust level, with 4 Tier-1 and 2 Tier-2 regulatory licenses adding to its credibility. In contrast, LegacyFX, with a Trust Score of 67, is classified in a higher risk category and holds only a single Tier-1 license, with no Tier-2 licenses, reflecting a less extensive regulatory presence.
These differences are significant for traders concerned about trust and regulation when choosing an online broker. ATFX’s higher Trust Score and multiple high-quality licenses suggest a more reliable regulatory environment compared to LegacyFX. While LegacyFX has been in operation longer, its lower regulatory standing may be a factor for traders prioritizing security and trust in their trading platform.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Year Founded | 2017 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing ATFX and LegacyFX in terms of commissions and fees, it's important to note that both brokers have their unique structures, but average spread data for both is not available, obscuring the true cost of trading. ATFX earns a 3-star rating for its commissions and fees, placing it at #59 out of 62 brokers according to ForexBrokers.com. While this ranking suggests room for improvement, the lack of detailed average spread information makes it challenging to fully assess ATFX's cost-effectiveness.
LegacyFX, on the other hand, offers a more tiered account structure, particularly influenced by its regulatory entity, whether in the EU or Vanuatu. In the EU, LegacyFX provides three account types, with the Platinum account offering the lowest trading costs. However, even the Silver account can feature higher minimum spreads, with examples such as 1.6 pips on the EUR/USD. Internationally, LegacyFX expands its offerings with seven different account types, enhancing client support and trading tool access as deposit minimums increase. LegacyFX holds a slight edge over ATFX with a 3.5-star rating for commissions and fees, positioning it at #56 in the same category on ForexBrokers.com.
In summary, while both ATFX and LegacyFX share a middle range in ratings and rankings, LegacyFX distinguishes itself by offering more varied account options, which may lead to differences in trading costs and services. Each broker presents certain advantages depending on individual trading preferences and regulatory considerations. However, the absence of average spread data for both brokers makes a direct cost comparison challenging for potential traders.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $500 | $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.
When it comes to the variety of investments offered by ATFX and LegacyFX, both online brokers provide forex trading as a CFD, with an equal offering of 44 forex pairs. However, LegacyFX surpasses ATFX in the number of tradeable symbols, with a total of 425 compared to ATFX's 150. Despite this difference, neither platform offers exchange traded securities on U.S. or international exchanges, nor do they provide options for purchasing actual cryptocurrencies, though both do support trading in cryptocurrency derivatives.
In terms of additional trading features, both ATFX and LegacyFX offer the popular copy trading functionality, allowing users to replicate successful trades. Despite their offerings, both received the same rating of 3.5 stars for their range of investments. LegacyFX, however, holds a slightly better position at #48 compared to ATFX's #57 in ForexBrokers.com's rankings for this category. This shows that while both brokers present similar opportunities for investors, LegacyFX might provide a broader array of potential trading instruments.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 425 |
| Forex Pairs (Total) | 44 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 exploring trading platforms, both ATFX and LegacyFX present various options tailored for traders at different levels. Both brokers offer free virtual demo accounts, making it easy for newcomers to practice without financial risk. Neither ATFX nor LegacyFX provides a proprietary platform, but they do deliver a Windows-based desktop platform and a web-based platform, offering flexibility for users across devices. Each broker supports copy trading, catering to those who prefer to follow the strategies of more experienced traders. While ATFX integrates MetaTrader 4 (MT4), LegacyFX only supports MetaTrader 5 (MT5), which both brokers offer.
In terms of trading tools, ATFX and LegacyFX provide features like 15 drawing tools for charting and the ability to trade directly from a stock chart. Both brokers offer 7 columns for watch lists, aiding traders in managing their portfolios effectively. Despite these features, both ATFX and LegacyFX receive a rating of 3.5 out of 5 stars for their trading platforms and tools. According to ForexBrokers.com, ATFX and LegacyFX rank #61 and #59 out of 62 brokers, respectively, which suggests room for improvement in meeting trader expectations.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ATFX and LegacyFX both provide mobile trading apps accessible on iPhone and Android, ensuring traders can stay connected on the go. Each app supports stock or forex price alerts and allows users to create watchlists with real-time quotes. While neither app syncs watchlist symbols with the user’s online account, they both offer the ability to draw trendlines on charts and view multiple time frames, such as daily, weekly, or intraday. When it comes to saving these drawings, both apps ensure that your work is preserved automatically.
Where the two brokers differ is in their charting capabilities. ATFX offers 7 technical studies, while LegacyFX provides a more extensive selection of 30, catering to those who value detailed chart analysis. Despite ATFX and LegacyFX each earning a rating of 3.5 stars for their mobile apps, LegacyFX is ranked slightly higher, at 60 out of 62 brokers, compared to ATFX's ranking at 62. This suggests that while both platforms offer solid mobile trading, LegacyFX might have a slight edge in overall user satisfaction.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 7 | 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 evaluating market research features, ATFX and LegacyFX both provide daily market commentary and access to technical analysis tools from Autochartist. However, they differ in other areas. LegacyFX edges out with access to forex news from top-tier sources like Bloomberg and Reuters, which is not available at ATFX. Conversely, ATFX offers technical analysis tools from Trading Central, which LegacyFX does not provide. Both brokers lack sentiment-based trading tools, research from TipRanks, and tools from Acuity Trading, yet they each include an economic calendar to track global news events.
In terms of research ratings, LegacyFX slightly surpasses ATFX with a 3.5-star rating compared to ATFX's 3 stars. According to rankings from ForexBrokers.com, LegacyFX also leads with a position of #45 out of 62 brokers in the Research category, whereas ATFX stands at #54. This gives LegacyFX a slight advantage for traders who prioritize access to comprehensive research and high-quality forex news sources.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, both ATFX and LegacyFX offer a solid starting point with a variety of articles, videos, and archived webinars focused on forex and CFDs. Each platform provides a comprehensive library with at least ten beginner videos that cover foundational trading topics. Additionally, both brokers maintain investor dictionaries with definitions of over 50 investing terms, helping newcomers better understand the market jargon.
However, there are notable differences in their offerings. LegacyFX goes a step further by providing monthly live educational webinars and a collection of advanced videos for seasoned traders, while ATFX lacks these features. Both brokers host archives of recorded webinars, but LegacyFX stands out with a slightly higher educational rating of 3.5 stars compared to ATFX's 3-star rating. On the flip side, ATFX ranks higher at number 28 compared to LegacyFX’s ranking of 35 in ForexBrokers.com's Education category.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 ATFX is better than LegacyFX. ATFX finished with an overall rank of #51, while LegacyFX finished with an overall rank of #62.
ATFX primarily offers the MetaTrader platform suite from its regulated brands in the EU via Cyprus, and the UK, as well as its offshore entity in Mauritius. ATFX has made progress although still trails behind the best brokers when it comes to the range of investment products it offers and the available trading platforms.
| Feature |
ATFX
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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Both ATFX and LegacyFX offer the ability to trade cryptocurrency derivatives but do not provide options for purchasing actual (delivered) cryptocurrencies.
Both ATFX and LegacyFX provide options for depositing and withdrawing account funds through Skrill, Visa, Mastercard, and bank wires, but neither offer ACH, SEPA, or PayPal services, making them similar in transaction methods.
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 | ATFX | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | ATFX | LegacyFX | |
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| Regulation | ATFX | LegacyFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2017 | 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | ATFX | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | ATFX | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | ATFX | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 425 | |
| Forex Pairs (Total) | 44 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | ATFX | 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 | ATFX | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $500 | $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 | ATFX | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | No | 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 | ATFX | 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ATFX | 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 | 7 | 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 | ATFX | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | ATFX | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ATFX | 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 | LegacyFX Review |
| Overall | ATFX | LegacyFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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