Written by ForexBrokers.com
In this head to head comparison of Markets4you 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.
Established in 2007, Markets4you is an online broker that operates as a private entity and is not affiliated with any banking institution. It holds no Tier-1 or Tier-2 licenses, which impacts its standing in terms of regulatory oversight and trust. With a Trust Score of 61 from ForexBrokers.com, Markets4you is categorized as high risk, suggesting caution for potential investors.
LegacyFX entered the online trading scene in 2012 and, like Markets4you, is neither publicly traded nor a bank. However, it holds one Tier-1 license, earning it a moderate level of trust. With a ForexBrokers.com Trust Score of 67, LegacyFX is also considered high risk, though it scores slightly better than Markets4you. This difference in regulatory backing and trust scores could be a determining factor for those seeking a more secure online trading experience.
| Feature |
Markets4you
|
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 comparing the commissions and fees of Markets4you and LegacyFX, both brokers present distinct features. Markets4you, however, has limited data available to assess its trading costs due to the absence of average spread information. Despite this, it has received a 3.5-star rating for commissions and fees and ranks #53 among 62 brokers according to ForexBrokers.com. This suggests that while Markets4you is competitive, there might be more cost-effective options for traders who prioritize lower fees.
LegacyFX offers a variety of account types, depending on the client's location. For EU residents, the options include Silver, Gold, and Platinum accounts, each with increasing minimum deposits of $500, $5,000, and $25,000, respectively. Spreads are most favorable on the Platinum account and less so on the Gold. The Silver account comes with relatively higher costs, starting at 1.6 pips on the EUR/USD pair. For international clients, LegacyFX provides a broader selection with seven account types, from the Standard account requiring a $500 deposit up to the VIP account needing $50,000. These accounts offer different levels of client support and access to tools. LegacyFX holds a 3.5-star rating for its commissions and fees, ranking #56 among 62 brokers by ForexBrokers.com.
Ultimately, both Markets4you and LegacyFX have been rated similarly for their commissions and fees, yet their rankings indicate different levels of cost-effectiveness in the broader market. Traders should consider their specific needs and budget constraints alongside these rankings when choosing between these two brokers. Both offer a spectrum of account types aimed at accommodating various trader profiles, though LegacyFX provides greater specificity based on geographical location.
| Feature |
Markets4you
|
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 it comes to the range of investments available, both Markets4you and LegacyFX offer forex trading through CFDs or spot contracts, making them accessible for traders interested in currency markets. Markets4you provides access to 150 tradable symbols, including 43 forex pairs. In contrast, LegacyFX offers a wider selection with 425 tradable symbols and 44 forex pairs. Neither broker allows trading of exchange-traded securities on U.S. or international exchanges, so clients looking to purchase company shares like Apple or Vodafone directly will need to look elsewhere.
Both Markets4you and LegacyFX support copy trading, which can be a valuable feature for investors who want to replicate successful trading strategies. While neither platform allows for the purchase of actual cryptocurrencies, they do offer cryptocurrency derivatives for trading. Overall, both Markets4you and LegacyFX receive a rating of 3.5 stars for their range of investments. On ForexBrokers.com's ranking list of 62 brokers, Markets4you stands at #58, while LegacyFX fares better at #48, indicating a slight edge in investment options.
| Feature |
Markets4you
|
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.
When comparing the trading platforms and tools of Markets4you and LegacyFX, several notable features stand out. Both brokers offer simulated or paper trading with free virtual demo accounts, making it easy for newcomers to practice without risk. Markets4you sets itself apart with its proprietary platform, developed in-house, whereas LegacyFX does not offer a proprietary option. Both brokers support Windows-based desktop platforms and web-based trading solutions, providing flexibility for various user preferences. Additionally, both companies enable copy trading and offer the advanced MetaTrader 5 (MT5) platform. However, only Markets4you has MetaTrader 4 (MT4) compatibility, which remains a popular choice among traders.
Charting tools also offer similarities and differences between these two brokers. Both Markets4you and LegacyFX provide 15 drawing tools for charting, allowing traders to analyze market trends effectively. They also permit trading directly from stock charts, enhancing the ease and speed of transactions. When it comes to watch lists, both platforms offer seven columns, providing ample fields for keeping track of various trading instruments. Despite these similarities, Markets4you edges ahead in overall ratings, scoring four out of five stars for its trading platforms and tools, compared to LegacyFX's 3.5 stars. According to ForexBrokers.com rankings, Markets4you is placed at #52 while LegacyFX stands at #59 out of 62 brokers in the Trading Platforms and Tools category, highlighting the subtle yet valuable differences in their offerings.
| Feature |
Markets4you
|
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 Markets4you and LegacyFX, both brokers provide apps for iPhone and Android, making them accessible to most mobile users. Each app supports crucial features like stock and forex price alerts, drawing tools for trendlines, and the ability to view different time frames for stock or forex charts. They also both offer real-time watchlist creation, allowing users to track their preferred financial instruments closely. Despite these shared features, Markets4you edges out a slightly better rating with 4 stars, compared to LegacyFX's 3.5 stars.
Regarding technical studies, both Markets4you and LegacyFX offer the same number of tools for chart analysis, boasting 30 studies each within their mobile apps. However, neither app supports watchlist symbol syncing with the client's online account, meaning changes made don't automatically update across devices. Additionally, both apps ensure that drawings on charts are auto-saved, providing convenience for traders. In ForexBrokers.com's rankings, Markets4you comes in at #50 out of 62 brokers, while LegacyFX is ranked at #60, highlighting a slight advantage for Markets4you in the mobile trading arena.
| Feature |
Markets4you
|
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 the market research offerings of Markets4you and LegacyFX, both platforms provide daily market commentary and access to forex news from high-profile sources like Bloomberg and Reuters. Both brokers also integrate Autochartist's technical and fundamental analysis tools, though Markets4you has a slight edge by also incorporating resources from Trading Central. Neither broker currently offers sentiment-based trading tools, TipRanks research, or Acuity Trading features like Signal Centre.
For traders interested in tracking global economic events, both Markets4you and LegacyFX feature economic calendars. Each broker receives a research rating of 3.5 stars, although they rank differently in this regard; Markets4you is positioned at 47th while LegacyFX is slightly higher at 45th out of 62 brokers as ranked by ForexBrokers.com. This nuanced comparison highlights both brokers' capabilities in delivering timely and reliable research tools, while also showcasing specific areas where Markets4you offers additional features.
| Feature |
Markets4you
|
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.
When it comes to educational resources for beginners, both Markets4you and LegacyFX offer a solid range of content focused on forex and CFDs, with each providing at least 10 educational pieces. However, LegacyFX stands out with its commitment to learning through monthly online webinars, a feature that Markets4you does not provide. This regular interaction can be valuable for beginners eager to expand their knowledge with real-time insights and advice from experts.
In addition, LegacyFX excels in offering both beginner and advanced educational videos, catering to a wider range of traders, while Markets4you falls short in this area. LegacyFX also enhances the learning experience with an investor dictionary, clearing up complex investing terms for newcomers. Although both brokers score 3.5 out of 5 stars for education, their approach and offerings differ significantly. Interestingly, while Markets4you ranks higher at #25 in the education category compared to LegacyFX's #35, the additional learning resources from LegacyFX may offer more comprehensive support for beginners looking to deepen their understanding of trading.
| Feature |
Markets4you
|
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 Markets4you is better than LegacyFX. Markets4you finished with an overall rank of #55, while LegacyFX finished with an overall rank of #62.
| Feature |
Markets4you
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 61 | 67 |
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When comparing online brokers Markets4you and LegacyFX, neither platform offers the ability to buy actual (delivered) cryptocurrency, but both provide options to trade cryptocurrency derivatives.
Both Markets4you and LegacyFX do not support ACH, SEPA, or PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire options for transferring 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 | Markets4you | LegacyFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
| Broker Screenshots | Markets4you | LegacyFX | |
|---|---|---|---|
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| Regulation | Markets4you | 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) | Markets4you | 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) | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | 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 | Markets4you | LegacyFX | |
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| Trust Score | 61 | 67 | |
| Winner | check_circle | ||
| Review | LegacyFX Review |
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