Written by ForexBrokers.com
In this head to head comparison of FXPrimus 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.
FXPrimus and LegacyFX are popular online brokers, each with their own set of strengths and regulatory structures. FXPrimus, established in 2009, carries a Trust Score of 71 out of 99 from ForexBrokers.com, placing it in the average risk category. It holds one Tier-1 license but lacks Tier-2 licenses. On the other hand, LegacyFX, which started in 2012, has a Trust Score of 67, indicating high risk. Like FXPrimus, it also maintains one Tier-1 license with no Tier-2 licenses. Neither broker is publicly traded or operates as a bank.
Both brokers offer a baseline of regulatory compliance, but FXPrimus edges slightly ahead concerning trustworthiness according to the ForexBrokers.com rating. When comparing these brokers, potential users might consider these ratings, alongside their personal trading needs, when determining which platform aligns better with their investment strategies. The absence of multiple high-level regulatory licenses and banking status for both firms may also factor into the decision-making process.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 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 | 1 | 1 |
FXPrimus has earned a 4-star rating for its commissions and fees. Although specific average spread data is not available, the broker caters to a wide range of traders seeking competitive fee structures. In the Commissions and Fees category, FXPrimus is ranked 42nd out of 62 brokers according to ForexBrokers.com, indicating a favorable standing in this area compared to other industry players.
LegacyFX, on the other hand, offers varied account structures depending on its EU or Vanuatu entities, each with distinct implications for commissions and trading costs. For EU residents, accounts come with differing minimum deposit requirements and trading costs, such as the high 1.6 pips minimum spread on the Silver account for EUR/USD pairs. International clients have up to seven account types, ranging from Standard to VIP, each influencing the level of client support and access to trading tools. Despite these options, LegacyFX has not published average spreads, which makes assessing the cost of trading more challenging. Its commission and fee structure earns a 3.5-star rating, ranking it 56th out of 62 brokers in the same category as per ForexBrokers.com.
| Feature |
FXPrimus
|
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 | 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 considering the range of investments offered, both FXPrimus and LegacyFX provide forex trading through Contracts for Difference (CFDs). FXPrimus presents a selection of 140 tradeable symbols, including 42 forex pairs, while LegacyFX provides a broader range with 425 tradeable symbols and 44 forex pairs. However, neither broker offers the opportunity to trade actual exchange-traded securities on either U.S. or international exchanges.
For those interested in other trading options, both FXPrimus and LegacyFX support copy trading and the purchase of cryptocurrency derivatives, although neither allows for the purchase of actual cryptocurrencies. Despite their offerings, both brokers are similarly rated with 3.5 stars for their range of investments. Notably, LegacyFX has a slightly better ranking at number 48 compared to FXPrimus, which stands at 59 out of 62 brokers in the Range of Investments category on ForexBrokers.com.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 140 | 425 |
| Forex Pairs (Total) | 42 | 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 the trading platforms and tools offered by FXPrimus and LegacyFX, both brokers provide a range of features for traders. FXPrimus stands out with its in-house proprietary platform, giving it an edge for those seeking a unique trading experience. Both brokers offer simulated trading with a demo account, a Windows-based desktop platform, and a convenient web-based option. They also support copy trading, and while FXPrimus supports both MetaTrader 4 and MetaTrader 5, LegacyFX offers only MetaTrader 5. Neither broker uses external platforms like DupliTrade or ZuluTrade, but both offer 15 drawing tools and the ability to trade directly from stock charts.
In terms of watchlist management, both FXPrimus and LegacyFX offer seven fields, ensuring you can track your favorite assets effectively. FXPrimus scores marginally higher in customer ratings with four stars, compared to LegacyFX's 3.5 stars for their trading platforms and tools. When ranked by ForexBrokers.com, FXPrimus secures the #49 spot among 62 brokers, positioning it higher than LegacyFX, which is ranked #59. This comparison highlights FXPrimus as the slightly more versatile choice for traders looking for diverse features and a proprietary platform.
| Feature |
FXPrimus
|
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.
When comparing the mobile trading apps of FXPrimus and LegacyFX, both platforms offer iPhone and Android applications that are equipped with essential trading tools. Users on both apps can receive price alerts for stocks and forex, and create watchlists with real-time quotes. However, neither app allows for the syncing of watchlist symbols with the client's online account, which could limit seamless transitions between different devices.
In terms of technical features, both FXPrimus and LegacyFX provide 30 technical studies for charting, support trendline drawing, and allow users to view multiple time frames on charts. Each app can also auto-save chart drawings, ensuring that users do not lose their work. Despite these similarities, FXPrimus scores slightly higher with a 4-star rating, compared to LegacyFX's 3.5-star rating. Additionally, FXPrimus ranks 47th out of 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com, while LegacyFX ranks 60th, suggesting a marginal edge for FXPrimus in user satisfaction and app performance.
| Feature |
FXPrimus
|
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.
When comparing FXPrimus and LegacyFX, both online brokers provide daily market commentary and access to an economic calendar, helping traders stay informed about global events. However, when it comes to sourcing forex news from top-tier providers like Bloomberg or Reuters, LegacyFX has an edge by offering these insights, while FXPrimus does not. Additionally, LegacyFX enhances its offerings with technical analysis and fundamental research tools from Autochartist, providing an extra layer of analytical support not available with FXPrimus.
Both brokers lack sentiment-based trading tools and research from Trading Central, TipRanks, and Acuity Trading tools. In terms of research quality, LegacyFX slightly surpasses FXPrimus, earning a rating of 3.5 stars compared to FXPrimus's 3 stars. This is further reflected in their rankings by ForexBrokers.com, where LegacyFX secures the 45th spot out of 62 brokers, outperforming FXPrimus, which is ranked at number 58. Overall, LegacyFX offers a more comprehensive research suite, favoring traders who value detailed analysis tools and quality market news.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | 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 providing educational resources for beginner traders, both FXPrimus and LegacyFX each have their strengths. FXPrimus offers a solid foundation with more than 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. They also host educational client webinars monthly and maintain an archive of past webinars for continued learning. However, FXPrimus falls short in offering beginner-specific educational videos and an investor dictionary, which may be a disadvantage for those just starting in trading.
In contrast, LegacyFX presents a more comprehensive educational package for beginners. Like FXPrimus, they provide over 10 educational materials and monthly webinars along with a searchable archive of these sessions. However, LegacyFX sets itself apart by offering more than 10 video resources tailored specifically for beginners, alongside advanced educational videos for experienced traders. Additionally, LegacyFX includes an investor dictionary with over 50 terms to help beginners familiarize themselves with trading jargon. As a result, LegacyFX earns a higher educational rating and ranks better among brokers, slightly edging out FXPrimus in this area.
| Feature |
FXPrimus
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | 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 FXPrimus is better than LegacyFX. FXPrimus finished with an overall rank of #53, while LegacyFX finished with an overall rank of #62.
FXPRIMUS is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside, besides its lack of additional top-tier licenses, is that FXPRIMUS only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
| Feature |
FXPrimus
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 67 |
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Both FXPrimus and LegacyFX do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
Both FXPrimus and LegacyFX do not offer ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do provide options for Skrill, Visa or Mastercard, and bank wires.
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 | FXPrimus | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | FXPrimus | LegacyFX | |
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| Regulation | FXPrimus | LegacyFX | |
|---|---|---|---|
| Trust Score | 71 | 67 | |
| Year Founded | 2009 | 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 | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXPrimus | 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) | FXPrimus | 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 | FXPrimus | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 140 | 425 | |
| Forex Pairs (Total) | 42 | 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 | FXPrimus | 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 | FXPrimus | 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 | FXPrimus | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FXPrimus | 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 | FXPrimus | 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 | FXPrimus | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXPrimus | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | 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 | FXPrimus | 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 | FXPrimus | LegacyFX | |
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| Trust Score | 71 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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