Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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 it comes to selecting an online broker, understanding their trustworthiness and regulatory standing is crucial. AvaTrade, established in 2006, holds an impressive ForexBrokers.com Trust Score of 94, marking it as highly trusted. This broker holds four Tier-1 licenses, which indicates a high level of reliability. In addition, AvaTrade also possesses three Tier-2 licenses, further reinforcing its trusted status in the financial landscape. Although not a publicly traded company or a bank, AvaTrade's stellar regulatory backing can provide clients with a sense of assurance.
On the other hand, LegacyFX, founded in 2012, carries a ForexBrokers.com Trust Score of 67, placing it in the high-risk category. This broker only holds one Tier-1 license and does not possess any Tier-2 licenses, which might raise some concerns regarding its trust level. Similar to AvaTrade, LegacyFX is neither publicly traded nor a bank. Potential clients should carefully consider these regulatory differences when comparing the two brokers, as AvaTrade appears to offer more comprehensive protection through its licenses and trust score.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Year Founded | 2006 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
AvaTrade offers spreads that are slightly above industry averages, with a spread of just under one pip (0.9 as of June 2024). This makes them a bit pricier than entry-level accounts from brokers like CMC Markets and Tickmill. However, if you qualify as a professional trader, AvaTrade provides more competitive spreads on its Professional account at 0.6 pips, aligning with options from FP Markets. With a rating of 4.5 stars for commissions and fees, AvaTrade sits impressively at #12 out of 62 brokers in this category on ForexBrokers.com.
LegacyFX presents a diverse range of accounts, though the experience varies between their EU-regulated entity and the international entity in Vanuatu. Unfortunately, LegacyFX doesn’t provide average spreads for easy cost comparison. EU clients can choose between Silver, Gold, and Platinum accounts, with the Silver account incurring notably higher trading costs. In contrast, international clients have seven account options, each requiring varying minimum deposits and offering different levels of support and trading tools. LegacyFX receives a 3.5-star rating for commissions and fees and is ranked #56 among 62 brokers by ForexBrokers.com for this category.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | 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 AvaTrade and LegacyFX in terms of their available range of investments, both brokers offer forex trading as CFDs or spot contracts. AvaTrade stands out with a larger selection, providing 1,260 tradeable symbols, including 53 forex pairs. In comparison, LegacyFX offers a smaller variety, with 425 tradeable symbols encompassing 44 forex pairs. Neither platform offers direct access to exchange-traded securities on U.S. or international exchanges, meaning clients cannot directly purchase shares like Apple or Vodafone through these brokers.
Both AvaTrade and LegacyFX support copy trading and offer cryptocurrency derivatives, but neither provides the option to purchase actual cryptocurrencies. When rated for the range of investments, AvaTrade receives 4 out of 5 stars, ranking 32nd out of 62 brokers, while LegacyFX receives 3.5 stars and is ranked 48th. These ratings highlight AvaTrade's slightly broader scope in investment variety compared to LegacyFX.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 425 |
| Forex Pairs (Total) | 53 | 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 comparing AvaTrade and LegacyFX, both brokers provide simulated trading environments with free virtual demo accounts for
| Feature |
AvaTrade
|
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 | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of AvaTrade and LegacyFX, both platforms offer apps for iPhone and Android devices, along with features like stock or forex price alerts and the ability to draw trendlines on charts. However, AvaTrade stands out with its 73 technical studies for charting, significantly more than the 30 offered by LegacyFX. Additionally, AvaTrade provides watchlist symbol syncing, allowing seamless updates between mobile and online accounts, a feature that LegacyFX lacks. Although LegacyFX does offer auto-saving of chart drawings, it's AvaTrade’s comprehensive features that boost its user experience and utility.
A further look into user ratings indicates AvaTrade's mobile app garners a 4.5-star rating, while LegacyFX trails with a 3.5-star rating. According to ForexBrokers.com, amongst 62 brokers, AvaTrade ranks at #13 for mobile trading apps, whereas LegacyFX is placed much lower at #60. Both apps allow users to view various time frames and create watchlists with real-time quotes, but it's AvaTrade’s higher versatility and user approval that makes it a more compelling choice for traders seeking a feature-rich mobile trading experience.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of AvaTrade and LegacyFX, several key differences emerge. AvaTrade excels in providing forex news from premium sources like Bloomberg, Reuters, and Dow Jones, giving traders access to high-quality information. With tools from Trading Central, AvaTrade also enhances technical analysis capabilities, making it a strong choice for traders who rely on sentiment analysis tools showing long or short positions across currency pairs. Furthermore, AvaTrade offers an economic calendar that keeps users informed about global news events. Despite not having daily market commentary or Autochartist tools, AvaTrade earns a commendable 4-star research rating and ranks at number 34 out of 62 brokers according to ForexBrokers.com.
LegacyFX sets itself apart by providing daily market commentary, aiding traders in staying updated with ongoing market changes. Its partnership with Autochartist offers technical analysis tools that further empower traders who prefer these specific strategies. However, LegacyFX does not offer sentiment-based trading tools or access to Trading Central's expertise. Similar to AvaTrade, it includes an economic calendar and provides forex news from reputed sources like Bloomberg and Reuters. Despite these strengths, LegacyFX receives a slightly lower research rating of 3.5 stars and ranks 45th among brokers on ForexBrokers.com, highlighting areas where further development might enhance its appeal.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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.
When comparing the educational resources available to beginners, both AvaTrade and LegacyFX offer extensive learning opportunities, including at least 10 pieces on forex or CFDs and regularly scheduled webinars. For those who prefer self-paced learning, both platforms offer a searchable archive of previously recorded webinars, making it easy for users to revisit important trading topics at their convenience. In terms of video content, AvaTrade and LegacyFX each provide beginner-focused videos to help novices ease into trading, alongside advanced videos geared towards those with more experience. Furthermore, both offer an investor dictionary with definitions of more than 50 investing terms, aiding beginners in understanding the jargon of trading.
However, AvaTrade is ranked higher in educational offerings, securing a 4-star rating compared to the 3.5-star rating of LegacyFX. According to ForexBrokers.com, AvaTrade shines in the educational category, placing second among 62 brokers, which indicates a superior educational structure, whereas LegacyFX stands at 35th. This higher ranking suggests that AvaTrade may offer a more comprehensive or user-friendly educational experience for those new to trading. It's evident that while both brokers are committed to education, potential users might find AvaTrade's resources slightly more polished or expansive when diving into the world of trading.
| Feature |
AvaTrade
|
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 AvaTrade is better than LegacyFX. AvaTrade finished with an overall rank of #13, while LegacyFX finished with an overall rank of #62.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 67 |
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When comparing online brokers, both AvaTrade and LegacyFX do not offer the ability to buy actual delivered cryptocurrencies but do provide options for trading cryptocurrency derivatives.
When comparing online brokers AvaTrade and LegacyFX, AvaTrade stands out by offering PayPal as a funding option, a feature LegacyFX lacks, while both platforms support Skrill, Visa or Mastercard, and bank wire transactions; neither broker provides ACH or SEPA transfer options for deposits or withdrawals.
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 | AvaTrade | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | LegacyFX Review |
| Broker Screenshots | AvaTrade | LegacyFX | |
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| Regulation | AvaTrade | LegacyFX | |
|---|---|---|---|
| Trust Score | 94 | 67 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | AvaTrade | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | AvaTrade | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 425 | |
| Forex Pairs (Total) | 53 | 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 | AvaTrade | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | 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 | No | No |
| Trading Platforms | AvaTrade | 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 | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | LegacyFX Review |
| Overall | AvaTrade | LegacyFX | |
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| Trust Score | 94 | 67 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | LegacyFX Review |
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