Written by ForexBrokers.com
In this head to head comparison of Exness 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.
Exness, founded in 2008, and LegacyFX, established in 2012, are both online brokers that, while not publicly traded or banks, offer different levels of regulatory assurance to their clients. Exness holds two Tier-1 licenses, which are highly trusted according to ForexBrokers.com, and three Tier-2 licenses, leading to a Trust Score of 81 out of 99, qualifying it as a trusted platform. In contrast, LegacyFX holds one Tier-1 license and no Tier-2 licenses, garnering a Trust Score of 67, indicating a high level of risk.
For investors prioritizing security and trust, Exness's greater number of licenses and its classification as a trusted broker might appeal more than LegacyFX's higher-risk profile. Neither brokerage is listed on a stock exchange or operates as a bank, which is a commonality they share, but their regulatory footprints significantly differ, potentially influencing user preferences. These factors are crucial for users in selecting a broker aligned with their trust and safety expectations.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Year Founded | 2008 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
Exness provides a variety of account types tailored to different trading needs, offering five main options: two standard accounts and three professional accounts. Additionally, there are two specific social copy trading accounts for traders looking to share their strategies. The trading costs with Exness depend on the account type you choose, as the two commission-based accounts feature lower spreads in contrast to the commission-free accounts. For instance, the Zero Spread account charges a commission of $0.05 per trade, while the Raw account imposes a commission of up to $7 per round turn lot. Rated 4 stars for commissions and fees, Exness stands at an impressive #38 out of 62 brokers according to ForexBrokers.com.
LegacyFX offers account variations based on whether you opt for its EU entity regulated by CySEC or its international entity in Vanuatu. The EU accounts include Silver, Gold, and Platinum options, with a minimum deposit ranging from $500 to $25,000. These accounts differ in trading costs, with the Platinum account boasting the lowest spreads. On the other hand, the Vanuatu entity provides seven account types, starting from a Standard account at $500 up to a VIP account at $50,000. Despite a lack of average spreads, LegacyFX provides varied client support levels and trading tools based on the chosen account. For commissions and fees, LegacyFX is rated 3.5 stars and ranks #56 out of 62 brokers.
In evaluating Exness and LegacyFX, Exness offers a more competitive fee structure with lower spreads and commissions across its professional accounts, especially benefiting those who select commission-based accounts. LegacyFX, while offering broader account choices, especially for international clients, lacks transparency in its trading costs, which may impact overall affordability. Exness's higher rating and ranking highlight its strength in providing cost-effective trading options compared to LegacyFX.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $10 | $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 comparing Exness and LegacyFX, both platforms offer forex trading as a CFD or spot contract, providing users access to various trading opportunities in the forex market. Exness stands out with 96 tradeable forex pairs, significantly higher than LegacyFX's offering of 44 pairs, catering to forex enthusiasts who require more options. In terms of overall tradeable symbols, LegacyFX provides a broader range with 425 symbols compared to Exness's 227 symbols, offering a larger selection for diversified trading strategies. Despite their extensive offerings in CFDs and derivatives, neither platform provides access to exchange-traded securities on U.S. or international exchanges, which may be a limitation for traders looking to invest in actual shares.
Both Exness and LegacyFX offer copy trading, allowing users to replicate successful trading strategies, a feature attractive to those who prefer not to trade manually. For cryptocurrency enthusiasts, neither broker offers the ability to purchase actual cryptocurrencies; they provide cryptocurrency derivatives instead. In terms of quality, both have received a 3.5-star rating for their range of investments, but LegacyFX holds a slightly better position at #48 in the ForexBrokers.com rankings, compared to Exness at #56. This indicates LegacyFX might present a more varied trading experience, although Exness excels in delivering a broader selection of forex pairs.
| Feature |
Exness
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 227 | 425 |
| Forex Pairs (Total) | 96 | 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.
Both Exness and LegacyFX provide traders with simulated trading options through free virtual demo accounts, helping users to practice and refine their skills without financial risk. Exness stands out by offering a proprietary trading platform, while LegacyFX does not have an in-house developed platform. Both brokers support Windows-based desktop and web-based trading platforms, as well as the popular MetaTrader 5. However, Exness also supports MetaTrader 4, giving it an edge for those preferring this classic platform. Additionally, both platforms enable copy trading, though neither supports DupliTrade or ZuluTrade.
When it comes to charting capabilities, Exness offers a notably higher number of drawing tools, totaling 87, compared to LegacyFX's 15 tools. Both brokers allow trading directly from stock charts and provide 7 columns for watch lists. In terms of user ratings and rankings for trading platforms and tools, Exness is rated 4 stars, placing it 31st among 62 brokers according to ForexBrokers.com. Conversely, LegacyFX receives a 3.5-star rating and ranks 59th in the same category. With these features and evaluations, Exness emerges as a strong contender for those seeking diverse trading tools and platforms.
| Feature |
Exness
|
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) | 107 | 30 |
| Charting - Drawing Tools (Total) | 87 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Exness and LegacyFX offer mobile apps for iPhone and Android, giving traders convenient access to forex and stock trading on the go. Both platforms provide crucial features such as price alerts and the ability to create watchlists with real-time quotes. Traders can enjoy drawing trendlines and viewing various time frames in both apps. One notable difference is the auto-save feature for drawings: LegacyFX supports this, while Exness does not.
In terms of the number of technical studies available for charting, Exness leads with 35 compared to LegacyFX with 30. However, neither app offers watchlist symbol syncing between the mobile app and online accounts. Exness is rated higher at 4 stars, compared to LegacyFX at 3.5 stars for their mobile trading apps. According to ForexBrokers.com, Exness ranks #32 out of 62 brokers in the mobile trading category, while LegacyFX is ranked at #60. These factors make Exness a slightly more advanced choice for mobile traders seeking a comprehensive experience.
| Feature |
Exness
|
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 | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Exness and LegacyFX both provide daily market commentary and access to high-quality forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. This ensures that traders using either platform benefit from timely market insights. However, when it comes to specialized tools, their offerings differ. Exness integrates Trading Central's technical analysis tools and offers sentiment-based trading features. On the other hand, LegacyFX leverages Autochartist for technical analysis but does not provide sentiment-based tools. Both brokers offer an economic calendar, allowing traders to keep track of important global events.
Neither broker offers market research tools from TipRanks or Acuity Trading, which may impact users looking for specific analytical resources. Exness and LegacyFX both hold a research rating of 3.5 stars out of five. In terms of rankings among online brokers, Exness stands at 41st position for research by ForexBrokers.com, whereas LegacyFX is ranked slightly lower at 45th. Choosing between these brokers might depend on the specific tools and features a trader values most in their research process.
| Feature |
Exness
|
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 comparing the educational resources available to beginners at Exness and LegacyFX, both online brokers provide a wealth of forex and CFDs learning materials. Each broker offers at least ten educational pieces, incorporating articles, videos, and archived webinars that focus primarily on forex or CFDs. However, while Exness does not host online educational webinars for clients on a monthly basis, LegacyFX makes such webinars available. Fortunately, both brokers maintain a searchable archive of previously recorded webinars for their users.
For beginners, both Exness and LegacyFX provide a minimum of ten educational videos covering trading topics. However, LegacyFX takes a step further by offering at least ten advanced educational videos tailored to experienced traders—a feature Exness does not match. Additionally, both brokers supply an investor dictionary with over fifty investing term definitions. Despite these differences, both Exness and LegacyFX receive a 3.5-star rating for education. However, LegacyFX enjoys a higher ranking, positioned at #35 out of 62 brokers by ForexBrokers.com, compared to Exness, which holds the #47 spot.
| Feature |
Exness
|
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 Exness is better than LegacyFX. Exness finished with an overall rank of #41, while LegacyFX finished with an overall rank of #62.
Exness is a MetaTrader-only broker regulated in the EU offering multiple account types and forex pairs, but its offering lacks the range of CFDs forex brokers typically offer.
| Feature |
Exness
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 67 |
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Both Exness and LegacyFX do not offer the ability to buy actual cryptocurrencies, but they do provide the option to trade in cryptocurrency derivatives.
Both Exness and LegacyFX do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wires as available options for managing 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 | Exness | LegacyFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | LegacyFX Review |
| Broker Screenshots | Exness | LegacyFX | |
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| Regulation | Exness | LegacyFX | |
|---|---|---|---|
| Trust Score | 81 | 67 | |
| Year Founded | 2008 | 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 | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Exness | 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) | 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) | Exness | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | 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) | Yes | No |
| Investments | Exness | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 227 | 425 | |
| Forex Pairs (Total) | 96 | 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 | Exness | 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 | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Exness | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $10 | $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 | Exness | 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 | Exness | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 107 | 30 | |
| Charting - Drawing Tools (Total) | 87 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Exness | 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 | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Exness | 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 | Exness | 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 | Exness | 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 | Exness Review | LegacyFX Review |
| Overall | Exness | LegacyFX | |
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| Trust Score | 81 | 67 | |
| Winner | check_circle | ||
| Review | Exness Review | LegacyFX Review |
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