Written by ForexBrokers.com
In this head to head comparison of Earn 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.
Earn and LegacyFX are both online brokers with distinct backgrounds and regulatory standings. Earn was established in 1994, making it a long-standing player in the financial services sector, while LegacyFX is relatively newer, having been founded in 2012. Neither of these companies is publicly traded or operates as a bank. When it comes to regulatory licenses, both brokers hold one Tier-1 license, which is recognized for a high level of trust by ForexBrokers.com. However, they lack Tier-2 licenses, which are considered trusted by the same source.
In terms of their Trust Score ratings as determined by ForexBrokers.com, Earn scores a 71, indicating an average risk profile, while LegacyFX holds a slightly lower score of 67, placing it in a high-risk category. This comparison highlights that while both brokers offer a high level of regulatory compliance with their Tier-1 licenses, Earn may be perceived as marginally more reliable due to its higher Trust Score.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Year Founded | 1994 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing online brokers Earn and LegacyFX, both offer different approaches to commissions and fees. Earn boasts a commendable rating of 4 stars in this category, despite the lack of available average spread data that typically provides a clearer picture of trading costs. According to ForexBrokers.com, Earn is ranked at #46 out of 62 brokers for their commissions and fees.
Conversely, LegacyFX offers a complex structure where fees differ based on the regulatory entity chosen and the account type opened. For EU residents, LegacyFX provides Silver, Gold, and Platinum accounts, with minimum deposits ranging from $500 to $25,000. The spread costs are lowest for Platinum account holders. International clients have a broader selection of seven account types, starting at a $500 minimum deposit with varying degrees of trading support. LegacyFX holds a 3.5-star rating for commissions and fees and is ranked #56 in this category on ForexBrokers.com.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | 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.
Earn and LegacyFX both cater to traders interested in forex markets, offering trading through CFDs or spot contracts. Earn presents a slightly wider array of options, with 500 tradeable symbols, including 61 forex pairs. Meanwhile, LegacyFX offers a selection of 425 symbols and 44 forex pairs. Neither platform provides direct access to exchange-traded securities on U.S. or international stock markets, ruling out the purchase of actual shares like Apple or Vodafone. Nevertheless, both brokers do offer the convenience of copy trading and the ability to trade cryptocurrency derivatives.
Concerning the ability to venture into actual cryptocurrencies, both Earn and LegacyFX restrict this option, focusing instead on derivatives, providing a similar setup for crypto enthusiasts. When it comes to range of investments, each broker holds a rating of 3.5 stars from ForexBrokers.com, reflecting a balanced offering across various trading categories. Earn ranks 45th among 62 brokers in this category, while LegacyFX closely follows at 48th, indicating a minor difference in preference among traders but generally comparable offerings in terms of investment range.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 500 | 425 |
| Forex Pairs (Total) | 61 | 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 considering trading platforms and tools, both Earn and LegacyFX provide their users with valuable resources to enhance their trading experience. Each offers simulated trading through free virtual demo accounts, which are especially beneficial for beginners looking to practice without financial risk. Both brokers supply Windows-based desktop platforms and web-based alternatives, ensuring flexibility in how you trade. While neither offers a proprietary platform, Earn supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas LegacyFX only supports MT5. Additionally, Earn offers copy trading through ZuluTrade, which is not available with LegacyFX. For those interested in charting, both brokers provide 15 drawing tools and the ability to trade directly from a stock chart.
In terms of watch lists, Earn and LegacyFX both support seven columns for personalized tracking. Despite these similarities, Earn edges out with a higher rating of four stars for its trading platforms and tools, compared to LegacyFX's 3.5 stars. These rankings reflect user satisfaction and functionality, placing Earn at number 51 and LegacyFX at number 59 out of 62 brokers reviewed by ForexBrokers.com. This indicates that while both brokers offer a range of solid tools, Earn may provide a slightly more comprehensive trading platform experience.
| Feature |
Earn
|
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 | Yes | No |
| Charting - Indicators / Studies (Total) | 35 | 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.
Both Earn and LegacyFX provide trading apps for iPhone and Android, ensuring a convenient trading experience across devices. Users can receive stock and forex price alerts from both apps, though neither offers watchlist symbol syncing, which means you manage watchlists separately on mobile and online platforms. Earn stands out by offering 35 technical studies for charting, compared to LegacyFX’s 30. Both apps support drawing trendlines and viewing various time frames on charts, with the convenience of auto-saving any chart drawings made.
Creating a watchlist with real-time quotes is possible on both Earn and LegacyFX apps, offering users up-to-date market insights. User ratings position Earn slightly ahead with a 4-star rating compared to LegacyFX’s 3.5 stars. When evaluated by ForexBrokers.com, Earn ranked 26th out of 62 brokers in the Mobile Trading Apps category, significantly outperforming LegacyFX, which ranked 60th. Ultimately, while both platforms offer solid mobile trading functionalities, Earn seems to provide a slightly more comprehensive toolkit and user satisfaction.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 35 | 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 Earn and LegacyFX provide daily market commentary and supply forex news from esteemed sources like Bloomberg, Reuters, or Dow Jones, making them solid choices for staying informed on market shifts. However, when it comes to technical analysis tools, LegacyFX holds an advantage as it offers resources from Autochartist, which Earn lacks. Neither broker provides tools through Trading Central, nor do they have sentiment-based trading tools or research from TipRanks and Acuity Trading. Despite these gaps, they both include an economic calendar to keep traders updated with global economic events.
When evaluating their overall research offerings, both Earn and LegacyFX achieve a rating of 3.5 out of 5 stars, highlighting room for improvement in their research capabilities. In the Research category rank by ForexBrokers.com, Earn is placed at #38, slightly outperforming LegacyFX, which stands at #45 among 62 brokers. This slight edge suggests that while both platforms offer similar basics in market research, Earn may be a more favorable option for those prioritizing research quality.
| Feature |
Earn
|
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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, LegacyFX clearly outshines Earn. LegacyFX provides over ten educational materials, such as articles, videos, and archived webinars focused on forex and CFDs. Additionally, beginners can benefit from LegacyFX’s online webinars held each month and access a searchable archive of past webinars for further learning. In contrast, Earn does not meet the entry-level needs as it lacks any substantial educational resources in these areas.
LegacyFX continues to support different learning levels with a wide array of beginner and advanced educational videos, whereas Earn offers none. Moreover, LegacyFX includes an investor dictionary featuring more than 50 terms, aiding new traders in grasping essential concepts. Despite both brokers receiving a 3.5-star rating for education, LegacyFX ranks significantly higher at #35 compared to Earn’s #61, indicating its stronger focus on nurturing investor knowledge and expertise.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | No | 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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Earn is better than LegacyFX. Earn finished with an overall rank of #50, while LegacyFX finished with an overall rank of #62.
Earn was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform. With just one regulatory license, Earn has a lower Trust Score than more established forex brokers.
| Feature |
Earn
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both Earn and LegacyFX provide the option to trade cryptocurrency derivatives, but neither platform allows the purchase of actual (delivered) cryptocurrencies.
Both Earn and LegacyFX do not support ACH or SEPA transfers and PayPal for depositing or withdrawing funds, but they both offer Skrill, Visa, Mastercard, and bank wire options, providing multiple alternative methods for financial transactions.
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 | Earn | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Earn | LegacyFX | |
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| Regulation | Earn | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 1994 | 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Earn | 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) | 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) | Earn | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | 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) | No | No |
| Investments | Earn | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 500 | 425 | |
| Forex Pairs (Total) | 61 | 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 | Earn | 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 | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Earn | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Earn | 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 | Yes | No |
| Trading Tools | Earn | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 35 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Earn | 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 | 35 | 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 | Earn | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Earn | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | No | 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) | No | Yes |
| Major Forex Pairs | Earn | 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 | Earn | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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