Written by ForexBrokers.com
In this head to head comparison of Forex4you 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.
Forex4you, founded in 2007, and LegacyFX, established in 2012, are both online brokers that are not publicly traded or banks. When it comes to their trust ratings as assessed by ForexBrokers.com, Forex4you holds a Trust Score of 61, placing it in the high-risk category. Conversely, LegacyFX has a slightly better Trust Score of 67, but it also falls within the high-risk range. Notably, both brokers lack Tier-2 trusted licenses, though LegacyFX does hold one Tier-1 license, which ForexBrokers.com considers as highly trusted, while Forex4you holds none.
The regulatory landscape is a significant factor for traders considering these platforms. LegacyFX's possession of a Tier-1 license might provide a measure of assurance to potential clients who prioritize regulatory oversight. In contrast, Forex4you does not have this level of regulatory recognition. Ultimately, LegacyFX's Trust Score and its Tier-1 license could present a more compelling case for traders particularly concerned about regulatory backing, despite both brokers sharing similar high-risk trust classifications.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Year Founded | 2007 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating commissions and fees for Forex4you and LegacyFX, both brokers have a rating of 3.5 stars. However, average spread data, which helps assess the true trading costs, is not available for either broker. In the rankings by ForexBrokers.com, Forex4you takes the #53 spot out of 62 brokers, whereas LegacyFX is positioned slightly lower at #56.
LegacyFX presents two different offerings based on the regulatory entity chosen. For EU residents, LegacyFX, governed by CySEC, provides three account types: Silver, Gold, and Platinum, each requiring deposits of $500, $5,000, and $25,000 respectively. Trading costs diminish as you move up the tiers, with the Silver account starting with spreads as high as 1.6 pips on the EUR/USD pair. For its international clientele via its Vanuatu entity, LegacyFX extends seven account types, beginning with a $500 minimum on the Standard account and escalating to $50,000 for the VIP account. Each account level offers varying degrees of client support and trading tools access, allowing traders flexibility based on their investment and needs.
Despite the similarity in star ratings between Forex4you and LegacyFX, their exact costs in terms of spreads and the overall financial commitment associated with different account types can significantly impact a trader's choice. Understanding these differences is vital for traders looking to align their trading costs and account advantages with their financial strategies and trading style.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $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 Forex4you and LegacyFX, both platforms offer forex trading as a CFD or spot contract, allowing users to engage in the foreign exchange market flexibly. Forex4you provides access to 150 tradeable symbols, including 43 forex pairs. Meanwhile, LegacyFX offers a more extensive selection with 425 tradeable symbols, encompassing 44 forex pairs. However, neither broker facilitates the direct buying of exchange-traded securities on U.S. or international exchanges, such as shares of Apple or Vodafone. Additionally, both Forex4you and LegacyFX support copy trading, making it easier for users to follow and replicate the trades of experienced investors.
For those interested in cryptocurrency, both brokers allow for trading cryptocurrency derivatives but not the purchase of actual cryptocurrencies. While Forex4you and LegacyFX share similarities in their offerings, their range of investments is perceived differently in the market. Both receive a 3.5-star rating in this category, yet Forex4you ranks 58th out of 62 brokers on ForexBrokers.com, while LegacyFX holds a slightly better position at 48th. Overall, the choice between the two may come down to the number of tradeable symbols and individual trading preferences.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 150 | 425 |
| Forex Pairs (Total) | 43 | 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.
Forex4you and LegacyFX both provide traders with simulated (paper) trading through free virtual demo accounts, making it easy for newcomers to practice without risk. Forex4you stands out with its proprietary platform, tailored to provide an exclusive trading experience. By contrast, LegacyFX depends on third-party platforms. Both brokers offer versatile Windows-based desktop downloads and user-friendly web-based trading platforms, ensuring traders have access no matter their device preference. Additionally, both brokers support copy trading, allowing users to follow and mimic the trades of more experienced investors.
While both Forex4you and LegacyFX offer chart trading features and 15 drawing tools, their offerings diverge when it comes to the popular trading platforms. Forex4you supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to a broad range of trader preferences, whereas LegacyFX only supports MT5. Neither broker offers DupliTrade or ZuluTrade. Traders can also set up watch lists with seven columns on both platforms, providing ample information at a glance. In rankings, Forex4you slightly edges out with a 4-star rating compared to LegacyFX's 3.5 stars and ranks higher in ForexBrokers.com's trading platforms and tools category.
| Feature |
Forex4you
|
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) | 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.
Forex4you and LegacyFX both offer comprehensive mobile trading apps available for iPhone and Android users, making trading on the go convenient for their clients. Both platforms support stock and forex price alerts and the ability to draw trend lines on charts, allowing users to keep track of market movements and develop trading strategies. Additionally, each app provides 30 technical studies and supports multiple time frames so that traders can customize their charting experience. While both brokers enable real-time watchlist creation, neither supports syncing watchlists with their online accounts. However, users will find the auto-save feature for chart drawings in both apps ensures that their work is preserved across sessions.
In terms of ratings and rankings, Forex4you slightly edges out with a four-star rating for its mobile trading app, compared to LegacyFX's 3.5 stars. On ForexBrokers.com, Forex4you ranks as the 50th, while LegacyFX is positioned at 60th out of 62 brokers in the Mobile Trading Apps category. These ratings indicate a small but noticeable difference in user satisfaction and perceived quality between the two brokers' mobile offerings. Overall, both apps effectively cater to fundamental trading needs, but Forex4you seems to deliver a slightly better user experience based on provided ratings and rankings.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 Forex4you and LegacyFX cater to traders by providing daily market commentary, helping you stay informed at all times. They also offer forex news from trusted top-tier sources like Bloomberg and Reuters, ensuring you receive timely and credible information. Additionally, both platforms equip traders with tools from Autochartist for technical and fundamental analysis. While Forex4you steps up with Trading Central's technical analytics, LegacyFX does not offer this feature, which could influence traders seeking advanced analytics support.
Despite a lack of sentiment-based trading tools and research from TipRanks or Acuity Trading on both platforms, Forex4you and LegacyFX maintain user engagement through detailed economic calendars. Each broker earns a solid 3.5-star rating for their research offerings. However, when ranked among 62 brokers, Forex4you sits at 47th place, slightly trailing LegacyFX, which holds the 45th position, offering potential traders a marginal preference based on ranking.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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.
Forex4you and LegacyFX both provide useful educational resources for beginners interested in forex or CFDs trading. Each platform offers at least ten educational pieces, such as articles, videos, or archived webinars. While both brokers have a searchable archive of recorded webinars, LegacyFX stands out by hosting monthly online educational webinars, providing ongoing learning opportunities that Forex4you lacks. In terms of beginner-focused videos, LegacyFX goes beyond by offering a collection of over ten videos tailored specifically for new traders, a feature that Forex4you does not match.
LegacyFX further enhances its educational offerings with a dictionary that defines more than 50 investment terms, an additional resource that Forex4you does not provide. Although both brokers share a 3.5-star rating for education, their overall rankings differ; Forex4you is positioned higher at #25 compared to LegacyFX’s #35 ranking among 62 brokers assessed by ForexBrokers.com. Ultimately, whether a beginner chooses Forex4you or LegacyFX may depend on which specific educational features they value most, be it ongoing webinars, comprehensive video libraries, or a rich glossary of terms.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | 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 Forex4you is better than LegacyFX. Forex4you finished with an overall rank of #55, while LegacyFX finished with an overall rank of #62.
| Feature |
Forex4you
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 61 | 67 |
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Both Forex4you and LegacyFX do not offer the ability to buy actual cryptocurrency (non-CFD), but each provides options to purchase cryptocurrency derivatives.
Forex4you and LegacyFX both lack ACH, SEPA, and PayPal options for depositing or withdrawing funds, but they offer support for Skrill, Visa or Mastercard, and bank wires, making both brokers comparable in terms of available transactional 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 | Forex4you | LegacyFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Forex4you | LegacyFX | |
|---|---|---|---|
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| Regulation | Forex4you | LegacyFX | |
|---|---|---|---|
| Trust Score | 61 | 67 | |
| Year Founded | 2007 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Forex4you | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Forex4you | 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 | Forex4you | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 150 | 425 | |
| Forex Pairs (Total) | 43 | 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 | Forex4you | 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 | Forex4you | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | Forex4you | 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 | Forex4you | 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 | Forex4you | 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 | 30 | 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 | Forex4you | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Forex4you | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Forex4you | LegacyFX | |
|---|---|---|---|
| GBP/USD | No | Yes | |
| USD/JPY | No | Yes | |
| EUR/USD | No | Yes | |
| USD/CHF | No | Yes | |
| USD/CAD | No | Yes | |
| NZD/USD | No | Yes | |
| AUD/USD | No | Yes | |
| Review | LegacyFX Review |
| Overall | Forex4you | LegacyFX | |
|---|---|---|---|
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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