Written by ForexBrokers.com
In this head to head comparison of easyMarkets 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.
easyMarkets, founded in 2001, offers a solid level of regulatory trust with a total of two Tier-1 licenses and one Tier-2 license. Rated with a Trust Score of 84 by ForexBrokers.com, easyMarkets is considered a trusted broker in the industry. Despite not being publicly traded or a banking institution, its longevity and regulatory licenses help solidify its position in the market as a reliable trading platform.
LegacyFX, which began operations in 2012, holds one Tier-1 license but lacks any Tier-2 licenses. It is awarded a Trust Score of 67, indicating a higher risk compared to easyMarkets. Like its counterpart, LegacyFX is not publicly traded and does not operate as a bank. While it shows some level of regulatory compliance, its lower Trust Score suggests trading with caution.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Year Founded | 2001 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
easyMarkets offers a unique approach to commissions and fees with its fixed spreads, providing an 0.8 pips spread on EUR/USD if you use the easyMarkets platform and TradingView. Conversely, when trading on MT4, the spreads start at 1.7 pips for standard accounts and improve to 0.7 pips for VIP account holders. If you decide to use MT5, you will experience variable spreads starting from 0.7 pips. easyMarkets is rated 3.5 stars for commissions and fees and ranked #51 out of 62 brokers by ForexBrokers.com.
LegacyFX presents a more complex fee structure that depends on the account type you select and whether you trade under their EU entity regulated by CySEC or their international entity in Vanuatu. The EU entity offers Silver, Gold, and Platinum accounts with minimum required deposits of $500, $5,000, and $25,000, respectively. Platinum accounts benefit from the lowest spreads, while Silver accounts have spreads starting as high as 1.6 pips on EUR/USD. For international clients, LegacyFX provides a wider range of seven account types, from Standard with a $500 deposit to a VIP account with a $50,000 deposit, which offers higher levels of client support. LegacyFX is rated 3.5 stars for commissions and fees and is ranked #56 out of 62 brokers by ForexBrokers.com.
In summary, both easyMarkets and LegacyFX receive a similar rating of 3.5 stars for their commissions and fees, yet they employ distinct fee structures and account offerings. easyMarkets is slightly better ranked than LegacyFX, occupying the #51 position compared to LegacyFX's #56 ranking. This information allows traders to assess which broker better suits their trading style and financial strategy.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $25 | $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) | 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 comparing online brokers easyMarkets and LegacyFX for their available range of investments, both platforms offer forex trading as either a CFD or spot contract. easyMarkets and LegacyFX are quite similar in this aspect, but differ in the number of tradeable symbols and forex pairs they feature. easyMarkets provides access to 230 tradeable symbols, including 63 forex pairs. On the other hand, LegacyFX outperforms in terms of variety, offering 425 tradeable symbols, but slightly fewer forex pairs at 44. Both platforms opt not to offer exchange-traded securities on U.S. or international exchanges, sidelines opportunities to directly purchase well-known company shares like Apple or Vodafone.
For traders interested in flexible investment options, easyMarkets and LegacyFX both support copy trading and cryptocurrency derivatives, yet neither provides the option to purchase actual cryptocurrencies directly. With similar offerings in various areas, both brokers are rated 3.5 stars in the Range of Investments category. However, they hold different positions in industry rankings, with easyMarkets placed at 54th and LegacyFX at 48th out of 62 brokers listed by ForexBrokers.com. This placement can reflect subtle differences in user preference based on overall investment diversity and other factors.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 230 | 425 |
| Forex Pairs (Total) | 63 | 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 easyMarkets and LegacyFX in terms of trading platforms and tools, both brokers offer a range of features that cater to traders of all levels. EasyMarkets stands out by offering a proprietary platform developed in-house, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which provides flexibility for users who prefer different trading environments. LegacyFX, on the other hand, offers MetaTrader 5 (MT5) as its primary platform, while not offering MT4. Both brokers provide web-based and Windows desktop platforms, ensuring accessibility regardless of device preference. Additionally, each broker supports copy trading but does not offer DupliTrade or ZuluTrade. A virtual demo account is available from both brokers, allowing traders to practice without risking real funds.
In terms of trading tools, easyMarkets offers a more comprehensive selection with 30 drawing tools and the ability to customize watch lists using up to 8 columns. It also allows trading directly from stock charts, enhancing the trading experience. LegacyFX provides 15 drawing tools and allows watch lists with 7 columns, while also supporting trading directly from stock charts. Based on ratings, easyMarkets receives 4 stars for its trading platforms and tools, ranking 35th out of 62 brokers according to ForexBrokers.com. LegacyFX, rated 3.5 stars, holds the 59th position in the same category, suggesting that easyMarkets offers a slightly more favorable trading platform experience compared to LegacyFX.
| Feature |
easyMarkets
|
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) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, easyMarkets and LegacyFX both offer solutions for iPhone and Android users, providing flexibility for diverse trading needs. While easyMarkets stands out by offering symbol syncing for watchlists between their app and online account, LegacyFX doesn't support this feature. However, LegacyFX takes the lead in offering stock and forex price alerts, a service that easyMarkets lacks. For traders who rely on technical analysis, easyMarkets offers a more comprehensive selection with 81 technical studies, compared to LegacyFX's 30. Both platforms allow drawing trendlines and viewing charts in multiple time frames, although LegacyFX uniquely auto-saves chart drawings, a feature not found in easyMarkets.
Regarding real-time updates, both apps offer the ability to create watchlists with live quotes, helping traders stay on top of market movements. In terms of ratings, easyMarkets scores slightly higher with 4 stars compared to LegacyFX's 3.5 stars. Ranking offers further insights, with easyMarkets placed at #29 out of 62 brokers by ForexBrokers.com, while LegacyFX is ranked at #60. These distinctions highlight easyMarkets as the more highly rated app for those prioritizing advanced technical tools and seamless syncing across devices, whereas LegacyFX appeals to traders who value instant price alerts and automatic chart updating.
| Feature |
easyMarkets
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | No | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 81 | 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 easyMarkets and LegacyFX, both brokers offer valuable research tools and insights, although their features vary. Both platforms provide daily market commentary and reliable forex news from top-tier sources like Bloomberg and Reuters, helping traders stay informed. However, when it comes to technical analysis, easyMarkets uses tools from Trading Central, offering advanced insights, while LegacyFX partners with Autochartist for its technical analysis offerings. easyMarkets goes a step further by providing a sentiment-based trading tool, allowing users to gauge market positions more effectively, something LegacyFX does not offer. Both brokers provide economic calendars, ensuring clients are updated on global news events impacting financial markets.
In terms of research content, neither easyMarkets nor LegacyFX integrate research tools from TipRanks or Acuity Trading. Despite these differences, both had equivalent ratings of 3.5 out of 5 stars for their research offerings, according to ForexBrokers.com. Additionally, in a ranking of 62 brokers, easyMarkets secured the 43rd position, slightly ahead of LegacyFX, which ranked 45th. These rankings suggest that while both brokers offer similar research capabilities, there are distinct differences in the specific tools they use to provide insights, which may appeal differently depending on trader preferences.
| Feature |
easyMarkets
|
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 | 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, both easyMarkets and LegacyFX offer an extensive array of materials to help new traders on their journey. Both platforms provide over ten educational pieces, including articles, videos, and archived webinars focused on forex and CFDs. They also host monthly online webinars and maintain searchable archives of past sessions, making it easy for users to find and review critical educational content. Importantly, both easyMarkets and LegacyFX have tailored content for beginners, featuring more than ten beginner videos on trading topics. Advanced traders aren't left out either, as each broker provides more than ten advanced videos to deepen trading knowledge.
In addition to their video resources, both easyMarkets and LegacyFX offer an investor dictionary featuring definitions of over 50 key investing terms, helping beginners get to grips with trading jargon. Despite offering similar educational resources, each broker has received a different ranking in the education category by ForexBrokers.com. EasyMarkets and LegacyFX both have an identical 3.5-star rating for education, but LegacyFX ranks slightly higher, coming in at #35 out of 62 brokers, compared to easyMarkets' rank of #39. These brokers present valuable options for those starting to learn forex or CFD trading, making them worth considering as you begin your trading education.
| Feature |
easyMarkets
|
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 easyMarkets is better than LegacyFX. easyMarkets finished with an overall rank of #43, while LegacyFX finished with an overall rank of #62.
easyMarkets is easy to use and offers several unique features attractive to beginners through its proprietary trading platform. However, its web platform is a bit dated and it offers a below-average selection of tradeable products.
| Feature |
easyMarkets
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 67 |
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Both easyMarkets and LegacyFX do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options to purchase cryptocurrency derivatives.
Comparing online brokers easyMarkets and LegacyFX reveals that both platforms facilitate deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, while only easyMarkets supports ACH or SEPA transfers, and neither provides PayPal as an option.
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 | easyMarkets | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | LegacyFX Review |
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| Regulation | easyMarkets | LegacyFX | |
|---|---|---|---|
| Trust Score | 84 | 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 | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | easyMarkets | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | easyMarkets | 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 | easyMarkets | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 230 | 425 | |
| Forex Pairs (Total) | 63 | 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 | easyMarkets | 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 | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | easyMarkets | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $25 | $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 | Yes | No |
| Trading Platforms | easyMarkets | 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 | easyMarkets | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | easyMarkets | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | No | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 81 | 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 | easyMarkets | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | easyMarkets | 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 | easyMarkets | 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 | easyMarkets Review | LegacyFX Review |
| Overall | easyMarkets | LegacyFX | |
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| Trust Score | 84 | 67 | |
| Winner | check_circle | ||
| Review | easyMarkets Review | LegacyFX Review |
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