Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and LegacyFX are both notable names in the world of online brokerage, each offering unique perspectives on regulation and trust. Founded in 2014, Tickmill holds a ForexBrokers.com Trust Score of 86, signifying a strong level of trust. This broker is backed by two Tier-1 licenses and two Tier-2 licenses, highlighting its compliance with top regulatory standards. It is important to note that Tickmill is neither publicly traded nor a bank.
LegacyFX, established in 2012, holds a Trust Score of 67, indicating a higher risk compared to Tickmill. With one Tier-1 license and no Tier-2 licenses, LegacyFX stands on comparatively less regulatory footing. Similar to Tickmill, LegacyFX is not publicly traded and does not operate as a bank. Understanding these ratings and regulatory nuances can help traders make informed decisions when choosing between these two brokerage firms.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Year Founded | 2014 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Tickmill and LegacyFX, Tickmill stands out with highly competitive pricing, especially for active traders. Tickmill’s Raw account, which has replaced the previous Pro account, introduces a commission of $3 per side or $6 per standard lot. Despite this increase, Tickmill’s low average spreads and effective overall cost continue to rank it as a favorable option. Rated 5 stars, Tickmill holds the impressive position of 4th in the Commissions and Fees category out of 62 brokers. The Classic account by Tickmill offers commission-free trading, although its average spreads are significantly higher at 1.76 pips.
Current data suggests Tickmill lists a typical spread of 0.11 pips for the EUR/USD on its Raw account, resulting in a full cost of 0.71 pips when factoring in the updated round-trip commission. With a minimum deposit as low as $100 and cost-effective spreads, the Raw account serves as an appealing choice for diverse trading strategies, including algorithmic trading. Overall, its affordable structure and versatility make Tickmill a strong choice for many traders.
In contrast, LegacyFX offers different fee structures depending on the trader's location, either through its EU entity regulated by CySEC or its international counterpart in Vanuatu. Unfortunately, the absence of average spreads makes it difficult to assess actual trading costs. LegacyFX’s EU entity offers Silver, Gold, and Platinum accounts, with minimum deposit requirements ranging from $500 to $25,000, and spread costs lowest on the Platinum account. The Vanuatu entity offers seven accounts, dictating client support levels and trading tool access. LegacyFX receives a 3.5-star rating and ranks 56th among 62 brokers for commissions and fees. Traders might find higher trading costs at lower-tier accounts compared to Tickmill’s offerings.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| Average Spread EUR/USD - Standard | 0.51 | N/A |
| All-in Cost EUR/USD - Active | 0.31 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
Tickmill and LegacyFX both cater to forex traders by providing trading options for forex as either CFDs or spot contracts. Tickmill impressively offers a higher number of tradeable symbols with 725 against LegacyFX’s 425. For those focused on forex pairs, Tickmill provides access to 63 pairs, compared to LegacyFX's offering of 44 pairs. Additionally, both brokers support copy trading and offer the possibility of trading cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies or directly traded shares on U.S. or international exchanges.
When it comes to investor ratings, both Tickmill and LegacyFX are rated 3.5 out of 5 stars for their range of investment options. Despite having identical star ratings, Tickmill holds a slightly better position in ForexBrokers.com's ranking, landing 42nd out of 62 brokers, whereas LegacyFX is ranked 48th. This slight difference might be attributed to Tickmill’s broader selection of tradeable symbols and forex pairs, offering a marginally wider scope for investors seeking diverse trading opportunities.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 425 |
| Forex Pairs (Total) | 63 | 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 it comes to trading platforms and tools, both Tickmill and LegacyFX offer advanced solutions for traders, though there are notable differences. Both brokers provide simulated trading with free demo accounts, essential for practice without financial risk, and they also support trading on Windows-based desktop and web-based platforms. While neither offers a proprietary platform, LegacyFX ceases its support of the popular MetaTrader 4 (MT4), whereas Tickmill accommodates both MT4 and the newer MetaTrader 5 (MT5), an inclusion that might be appealing for users who prefer a range of platform options.
Both Tickmill and LegacyFX allow for trading directly from stock charts and include copy trading features. They provide a similar number of drawing tools and fields for watch lists to enhance trading strategies. However, neither broker currently supports third-party services like DupliTrade or ZuluTrade. In terms of performance, Tickmill edges out with a 4-star rating for its trading platforms and tools, compared to LegacyFX's 3.5 stars. Furthermore, Tickmill holds a superior rank of #32 out of 62 brokers on ForexBrokers.com, while LegacyFX is placed at #59, highlighting Tickmill’s more favorable standing among industry peers.
| Feature |
Tickmill
|
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) | 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 it comes to mobile trading applications for iPhone and Android, both Tickmill and LegacyFX make the cut by offering apps on both platforms. Both services are equipped with stock and forex price alerts to keep users informed of market changes. They each come with the capability to depict technical analyses with 30 technical studies available for charting. For traders who frequently adjust their plans, both apps allow drawing trendlines directly on stock or forex charts and support viewing multiple time frames such as daily, weekly, or intraday. A convenient feature both apps share is the auto-saving of any drawings made on charts.
One area where these apps fall short is the inability to sync watchlists between the mobile app and the client’s online account, which means any changes made in one do not automatically reflect in the other. However, users can manually create watchlists that offer real-time quotes. Tickmill's mobile app shines a bit brighter, boasting a 4-star rating, while LegacyFX follows with a 3.5-star rating. According to ForexBrokers.com, Tickmill ranks 31st out of 62 brokers for mobile trading apps, whereas LegacyFX lands at 60th, marking a notable distinction in their standings within the trading community.
| Feature |
Tickmill
|
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 Tickmill and LegacyFX offer daily market commentary and deliver forex news from top-tier sources such as Bloomberg and Reuters, ensuring traders have access to relevant information. While neither broker incorporates technical analysis tools from Trading Central, LegacyFX stands out by providing research tools from Autochartist, which Tickmill lacks. On the other hand, Tickmill offers a sentiment-based trading tool for monitoring trading positions across currency pairs, an option not available with LegacyFX.
Despite both brokers supplying an economic calendar to track global news events, their research offerings differ in other areas. Tickmill includes research tools from Acuity Trading’s Signal Centre, unlike LegacyFX, which does not offer Acuity Trading resources. This variety in research tools contributes to Tickmill's higher rating of 4 stars for research compared to LegacyFX’s 3.5 stars. Additionally, Tickmill ranks 21st in research out of 62 brokers according to ForexBrokers.com, a more favorable position than LegacyFX, which ranks 45th.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Tickmill and LegacyFX in terms of educational resources for beginners, both brokers provide an array of materials for learning about forex and CFDs. Each offers a minimum of 10 educational pieces, which include articles, videos, and archived webinars, ensuring a solid foundation in essential trading topics. Additionally, both Tickmill and LegacyFX host online educational webinars monthly, while also offering archives of these sessions for convenient access. This is helpful for users wishing to revisit key information at any time.
Furthermore, both brokers cater to various experience levels by providing over 10 beginner-focused educational videos, as well as more advanced content for seasoned traders. They also supply an investor dictionary with definitions for over 50 investing terms, aiding in the comprehension of trading jargon. Though both brokers provide comprehensive educational tools, Tickmill receives a slight edge with a 4-star rating versus LegacyFX's 3.5-star rating for education. In the ForexBrokers.com rankings, Tickmill stands at 15th out of 62 brokers, while LegacyFX ranks 35th, reflecting a stronger overall educational offering for Tickmill.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 Tickmill is better than LegacyFX. Tickmill finished with an overall rank of #22, while LegacyFX finished with an overall rank of #62.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 67 |
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While neither Tickmill nor LegacyFX provides the option to purchase actual (delivered) cryptocurrencies, both platforms allow users to trade cryptocurrency derivatives.
When comparing online brokers, Tickmill and LegacyFX both facilitate funding through Visa, Mastercard, Skrill, and bank wires, with Tickmill also supporting PayPal transactions, while neither provides ACH or SEPA transfer options.
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 | Tickmill | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | Tickmill Review | LegacyFX Review |
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| Regulation | Tickmill | LegacyFX | |
|---|---|---|---|
| Trust Score | 86 | 67 | |
| Year Founded | 2014 | 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 | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | 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) | Tickmill | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 425 | |
| Forex Pairs (Total) | 63 | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | N/A | |
| All-in Cost EUR/USD - Active | 0.31 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | 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 | Tickmill | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | LegacyFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Tickmill | 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 | Tickmill Review | LegacyFX Review |
| Overall | Tickmill | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | Tickmill Review | LegacyFX Review |
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