Written by ForexBrokers.com
In this head to head comparison of FXGT.com 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.
FXGT.com and LegacyFX are both online brokers that offer trading services to users, but there are differences in their regulatory standing and trust ratings. FXGT.com was established in 2019 and holds both a Tier-1 and a Tier-2 license, indicating a mix of highly trusted and trusted regulatory oversight. Its ForexBrokers.com Trust Score is 69, categorizing it as high risk. Despite not being publicly traded or a bank, FXGT.com maintains a slightly stronger regulatory position than some of its competitors.
On the other hand, LegacyFX was founded in 2012 and holds a Tier-1 license, offering high trust in terms of regulatory compliance, although it lacks Tier-2 licenses. With a ForexBrokers.com Trust Score of 67, LegacyFX also falls into the high-risk category. Like FXGT.com, LegacyFX is neither publicly traded nor operates as a bank. When considering these factors, users should weigh the regulatory credentials and trust scores to determine which broker aligns better with their trading needs.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Year Founded | 2019 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing FXGT.com and LegacyFX regarding commissions and fees, both brokers offer unique approaches that cater to different trading preferences. FXGT.com is rated 3.5 stars for its commissions and fees, ranking #55 out of 62 brokers according to ForexBrokers.com. Unfortunately, specific details about average spread data for FXGT.com are not available, making it challenging to assess the exact cost of trading.
LegacyFX, also rated 3.5 stars, ranks just behind at #56 out of 62 brokers in the commissions and fees category. The broker provides various account types that differ based on its regulatory entity. For EU residents, three account types are available: Silver, Gold, and Platinum, each requiring higher minimum deposits and offering progressively lower trading costs. International clients can choose from seven account types that also vary in minimum deposit requirements and access to trading support and tools. Like FXGT.com, average spread data for LegacyFX is not available.
Ultimately, the choice between FXGT.com and LegacyFX may depend on your specific needs and trading strategies since both brokers offer similar star ratings and ranks for their fees while providing distinct account options for varied trading experiences.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $5 | $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 | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXGT.com and LegacyFX both present options for forex trading through CFDs or spot contracts, appealing to forex enthusiasts. When it comes to the number of symbols available, FXGT.com offers 117, while LegacyFX provides traders with a wider selection, housing 425 symbols. For forex pairs, FXGT.com leads slightly with 53 pairs compared to LegacyFX's 44. Neither broker offers exchange-traded securities on U.S. or international exchanges, meaning that traders looking to buy actual company shares or stocks will have to look elsewhere.
Both FXGT.com and LegacyFX include copy trading features, encouraging social trading exploration for both beginner and seasoned investors. In the realm of cryptocurrency, both platforms provide options for trading derivatives, though neither offers the purchase of actual, delivered cryptocurrencies. When comparing their range of investments, LegacyFX edges ahead with a 3.5-star rating out of five, compared to FXGT.com's three stars. According to ForexBrokers.com, FXGT.com is ranked 60th out of 62 brokers, whereas LegacyFX holds the 48th spot, indicating a broader investment offering by LegacyFX in this category.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 117 | 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 FXGT.com and LegacyFX in terms of their trading platforms and tools, both brokers provide traders with a range of features to enhance their experience. FXGT.com and LegacyFX both offer free virtual demo accounts, allowing users to practice trading without the risk of real money. Neither broker has developed a proprietary platform, but both do offer Windows-based desktop and web-based trading platforms. Copy trading is available through both brokers, however, only FXGT.com provides access to both MetaTrader 4 and MetaTrader 5, while LegacyFX only offers the latter. Both brokers allow trading directly from stock charts, favoring seamless integration for chart-based strategies.
In terms of additional tools, FXGT.com provides 23 drawing tools for charting, surpassing the 15 offered by LegacyFX. Conversely, LegacyFX offers more extensive watchlist customization with 7 columns, compared to FXGT.com's 5. In terms of overall ratings, FXGT.com holds a slightly higher rating at 4 stars for its trading platforms and tools, compared to LegacyFX's 3.5 stars. Despite this higher rating, FXGT.com is ranked 56th out of 62 on ForexBrokers.com, whereas LegacyFX is placed at 59th. While both platforms offer essential trading tools, FXGT.com may present more advanced charting options and support for the popular MT4 platform, which could make it more suitable for traders focused on comprehensive chart analysis and flexibility in trading software.
| Feature |
FXGT.com
|
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 | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 23 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXGT.com and LegacyFX offer mobile trading apps for iPhone and Android users, ensuring you can trade forex and stocks on the go. These apps come equipped with essential features like price alerts, allowing you to stay updated on market movements, and a variety of technical studies—30 to be exact—allowing for in-depth chart analyses. Whether you are an FXGT.com or LegacyFX user, you can draw trendlines and view different time frames on stock or forex charts with ease. Additionally, both apps auto-save your chart drawings, which means your work is preserved for future sessions.
However, a key difference lies in watchlist synchronization. FXGT.com shines here, offering watchlist symbol syncing between the mobile app and your online account, allowing seamless transitions and updates across devices. LegacyFX does not offer this feature, which could be a consideration for those who frequently switch between platforms. Both apps let you create watchlists with real-time quotes, which is a handy tool for active traders. Despite these comprehensive features, both apps are rated 3.5 out of 5 stars, with FXGT.com ranked slightly higher than LegacyFX in the Mobile Trading Apps category by ForexBrokers.com. Ultimately, the choice between them depends on which features align with your trading needs.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | 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.
When comparing FXGT.com and LegacyFX for market research offerings, there are clear distinctions between the two online brokers. LegacyFX tends to focus on providing comprehensive market analysis tools and resources that include daily market commentary and forex news from trusted sources like Bloomberg and Reuters. They also incorporate advanced technical analysis tools from Autochartist, enhancing their appeal for traders who prioritize in-depth market insights. On the other hand, FXGT.com offers a sentiment-based trading tool that provides a useful perspective on trader behaviors, showing the ratio of long and short positions across currency pairs or other instruments. Both platforms offer an economic calendar detailing current and upcoming global news events, which is essential for informed trading decisions.
In terms of overall research ratings, FXGT.com and LegacyFX don't stray too far from each other, earning 3 stars and 3.5 stars out of 5, respectively. This slight edge for LegacyFX is also reflected in their rankings by ForexBrokers.com, where they place at #45 compared to FXGT.com's #56 out of 62 brokers reviewed. While neither broker provides research tools from TipRanks or Acuity Trading, and both miss out on Trading Central's offerings, LegacyFX stands out with its better-rated research resources, making it more suitable for those who value extensive market research capabilities over sentiment analysis.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | 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 for beginners offered by FXGT.com and LegacyFX, it's clear that the latter provides a more extensive learning platform. LegacyFX offers a rich collection of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs. In contrast, FXGT.com does not meet this minimum educational provision. Moreover, LegacyFX hosts monthly online webinars and maintains a searchable archive of these sessions, which is not available on FXGT.com. Additionally, beginners will find more value in LegacyFX's selection of beginner-focused trading videos, while FXGT.com lacks such targeted content.
Both platforms provide an investor dictionary with at least 50 investing terms, making it easier for beginners to grasp trading lingo. However, LegacyFX goes beyond this by also offering advanced educational videos for more experienced traders, a feature not available on FXGT.com. While both brokers have similar ratings for their educational offerings, with FXGT.com at 3 stars and LegacyFX at 3.5 stars, the latter ranks significantly higher in the education category according to ForexBrokers.com, coming in at 35th out of 62 brokers compared to FXGT.com's 59th place. This higher rank further indicates LegacyFX's commitment to comprehensive trader education.
| Feature |
FXGT.com
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FXGT.com is better than LegacyFX. FXGT.com finished with an overall rank of #58, while LegacyFX finished with an overall rank of #62.
FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.
| Feature |
FXGT.com
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 69 | 67 |
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Both FXGT.com and LegacyFX do not provide the option to buy actual (delivered) cryptocurrency, but each does offer the ability to purchase cryptocurrency derivatives, rather than the actual digital currencies themselves.
While both FXGT.com and LegacyFX provide Visa, Mastercard, and bank wire options for depositing or withdrawing funds, FXGT.com also offers ACH and SEPA transfers, unlike LegacyFX, which supports Skrill but not ACH, SEPA, or PayPal.
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 | FXGT.com | LegacyFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | FXGT.com | LegacyFX | |
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| Regulation | FXGT.com | LegacyFX | |
|---|---|---|---|
| Trust Score | 69 | 67 | |
| Year Founded | 2019 | 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXGT.com | 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) | FXGT.com | 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 | FXGT.com | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 117 | 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 | FXGT.com | 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 | FXGT.com | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $5 | $500 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXGT.com | 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 | No | No |
| Trading Tools | FXGT.com | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 23 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXGT.com | 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 | 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 | FXGT.com | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXGT.com | 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) | Yes | Yes |
| Major Forex Pairs | FXGT.com | 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 | FXGT.com | LegacyFX | |
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| Trust Score | 69 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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