Written by ForexBrokers.com
In this head to head comparison of Vantage 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.
Vantage and LegacyFX are both prominent online brokers, with Vantage having been established in 2009 and LegacyFX in 2012. Neither broker is publicly traded or operates as a bank. In terms of trust and regulation, Vantage stands out with a higher ForexBrokers.com Trust Score of 90, indicating it is highly trusted. LegacyFX, on the other hand, has a Trust Score of 67, placing it in the high-risk category.
Vantage's strong regulatory standing is supported by its possession of two Tier-1 licenses and one Tier-2 license, which are reputable trust indicators. LegacyFX holds one Tier-1 license, without any Tier-2 licenses, making it less regulated compared to Vantage. These regulatory differences are crucial factors to consider when choosing an online broker.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Year Founded | 2009 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the commissions and fees between Vantage and LegacyFX, Vantage stands out with a slightly better rating of 4.5 stars and a ranking of #19 out of 62 brokers in this category. Vantage offers three main account options, including the spread-only Standard STP account and two commission-based accounts: RAW ECN and PRO ECN. The PRO ECN account offers competitive pricing with a per-side commission of $2 and caters to qualified wholesale clients under its Australian entity or requires a minimum deposit of $10,000 for accounts opened with its Cayman Islands entity. Active traders at Vantage can benefit from their rebate program, although it's only available with the Standard account, which has the highest spreads.
LegacyFX, with a somewhat lower rating of 3.5 stars and a rank of #56, presents several account options that vary depending on whether you're dealing with its EU-regulated entity or the international entity in Vanuatu. There is a lack of average spread data for LegacyFX, making the cost of trading less transparent. For EU clients, LegacyFX offers three accounts: Silver, Gold, and Platinum, requiring minimum deposits of $500, $5,000, and $25,000, respectively, with the Platinum account providing the lowest spreads. For international clients, there are seven account types ranging from Standard to VIP, offering varying levels of support and access to trading tools.
Ultimately, Vantage seems to offer more competitive pricing and a clearer fee structure compared to LegacyFX, although both brokerages have their unique advantages. Vantage's PRO ECN account and active trader program provide incentives for those with larger trading volumes, while LegacyFX offers a diversity of account types catering to different levels of traders. Overall, Vantage may be the preferred choice for those focusing solely on commissions and fees.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $50 | $500 |
| Average Spread EUR/USD - Standard | 1.30 | N/A |
| All-in Cost EUR/USD - Active | 0.75 | N/A |
| Active Trader or VIP Discounts | Yes | 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.
When comparing Vantage and LegacyFX for their range of investment offerings, both online brokers enable trading in forex as either a CFD or spot contract, offering traders flexibility in how they approach the forex market. Vantage boasts a more extensive selection, featuring 1,000 tradeable symbols, including 61 forex pairs, while LegacyFX provides 425 tradeable symbols with 44 forex pairs. Neither broker offers exchange-traded securities on U.S. or international exchanges, and both facilitate trading cryptocurrency derivatives, though they do not offer the ability to purchase actual cryptocurrencies. Copy trading is available on both platforms, which can appeal to new or less experienced traders looking to mimic the strategies of seasoned investors.
In terms of ratings, both Vantage and LegacyFX achieve 3.5 stars out of five for their range of investments. However, their rankings vary slightly, with LegacyFX placing at #48 and Vantage at #50, according to ForexBrokers.com. This suggests that while both brokers offer a relatively similar scope of investment options, LegacyFX edges out Vantage slightly in the competitive online brokerage landscape. Overall, both brokers provide a solid offering for investors primarily interested in forex and cryptocurrency derivatives, though the lack of access to exchange-traded securities may be a consideration for some traders.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 425 |
| Forex Pairs (Total) | 61 | 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 Vantage and LegacyFX, both brokers provide a comprehensive suite of features, but there are key differences. Vantage stands out with its proprietary platform, allowing for a more tailored trading experience. Both brokers offer Windows-based and web-based platforms, ensuring versatility in how investors can trade. They also provide MT5 integration, with Vantage offering additional support for MT4, appealing to traders who prefer these popular platforms. For those interested in simulated trading, both Vantage and LegacyFX offer virtual demo accounts, making them accessible to beginners. However, Vantage extends its appeal by offering copy trading with DupliTrade, while LegacyFX does not provide this feature. Additionally, Vantage's ability to offer more trading tools, such as 15 drawing tools, enhances its charting capabilities alongside LegacyFX, while both share the same number of watch list columns.
In terms of overall rankings, Vantage is rated higher, with a four-star rating from ForexBrokers.com, compared to LegacyFX's 3.5 stars. Vantage is positioned at #21 out of 62 brokers for trading platforms and tools, highlighting its superior offerings and versatility. Meanwhile, LegacyFX ranks at #59, which might reflect its lesser variety of features, such as the absence of MT4 and DupliTrade. For traders seeking a more customized and flexible trading experience, Vantage's suite of tools and platform options offers a competitive edge over LegacyFX.
| Feature |
Vantage
|
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 | Yes | 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.
Both Vantage and LegacyFX offer robust mobile trading apps available on iPhone and Android, catering to traders who need flexibility and convenience on the go. These apps feature essential tools like stock and forex price alerts, the ability to draw trendlines, and the option to view charts in various time frames. Users can enjoy a range of 30 technical studies for charting within both platforms, ensuring detailed analysis right at their fingertips. Both apps allow traders to create watchlists with real-time quotes, although neither offers watchlist symbol syncing with their online accounts.
While both platforms provide valuable features, Vantage edges out with a slightly higher user satisfaction, earning a rating of 4 stars compared to LegacyFX's 3.5 stars. This preference is further evidenced by ForexBrokers.com's rankings, placing Vantage at #27 and LegacyFX at #60 out of 62 brokers for mobile trading apps. Furthermore, both apps ensure that any chart drawings done by users are automatically saved, which adds an extra layer of convenience for consistent analysis. Whether you're a seasoned trader or new to the market, both Vantage and LegacyFX mobile apps offer a solid array of functionalities, with Vantage holding a slight lead in user ratings and overall ranking.
| Feature |
Vantage
|
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 Vantage and LegacyFX, both brokers provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. They also include tools from Autochartist, which assist traders with technical and fundamental analysis. However, Vantage takes a slight edge by also offering features from Trading Central, such as Technical Analytics, which LegacyFX lacks. In addition, Vantage supplies a sentiment-based trading tool to provide insight into market trends, a service not available with LegacyFX, thus enhancing its appeal for traders who rely on sentiment analysis.
Both brokers ensure traders are up-to-date with an economic calendar showcasing global news events. Despite these similarities, Vantage has a higher research rating of 4 stars compared to LegacyFX's 3.5 stars, according to user evaluations. This advantage is further reflected in their rankings by ForexBrokers.com, where Vantage stands at 21 out of 62 brokers for research capabilities, while LegacyFX is positioned at 45. These distinctions highlight Vantage’s stronger emphasis on comprehensive research and tools, catering more effectively to traders with varied research needs.
| Feature |
Vantage
|
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 | 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 available to beginners, both Vantage and LegacyFX offer a comprehensive suite of tools designed to help novice traders get started in the world of forex and CFDs trading. Each platform provides more than 10 educational pieces, including articles, videos, and archived webinars, ensuring that beginners have access to a wealth of information. Both Vantage and LegacyFX host regular online webinars, at least once a month, and maintain an easily searchable archive of these sessions. Moreover, they both cater to traders new to the game by providing at least 10 educational videos specifically focused on basic trading topics, making their offerings accessible and beginner-friendly.
For those who wish to delve deeper, Vantage and LegacyFX also feature advanced educational videos aimed at more experienced traders. Each platform offers an investor dictionary containing definitions of over 50 investing terms, ensuring that even complex terminology is understandable. Despite these similarities, Vantage slightly edges out in terms of user ratings, scoring 4 stars out of 5 compared to LegacyFX's 3.5 stars for educational content. Additionally, Vantage ranks higher on ForexBrokers.com for education, coming in at 24th out of 62 brokers, whereas LegacyFX is ranked 35th. This subtle difference may guide beginners in deciding which platform might better serve their learning needs.
| Feature |
Vantage
|
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 Vantage is better than LegacyFX. Vantage finished with an overall rank of #26, while LegacyFX finished with an overall rank of #62.
Vantage rounds out its MetaTrader platform suite offering with support for multiple social trading platforms, content powered by Trading Central and a proprietary mobile app. However, Vantage trails industry leaders in key areas such as research and education.
| Feature |
Vantage
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LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 90 | 67 |
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Both Vantage and LegacyFX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers Vantage and LegacyFX, neither offers ACH or SEPA transfers for account funding, but Vantage supports PayPal whereas LegacyFX does not, and both brokers accept Skrill, Visa, Mastercard, and bank wire transactions.
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 | Vantage | LegacyFX | |
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| Trust Score | 90 | 67 | |
| Winner | check_circle | ||
| Review | Vantage Review | LegacyFX Review |
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| Regulation | Vantage | LegacyFX | |
|---|---|---|---|
| Trust Score | 90 | 67 | |
| Year Founded | 2009 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | Vantage | LegacyFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Vantage | 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 | Vantage | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 425 | |
| Forex Pairs (Total) | 61 | 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 | Vantage | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.30 | N/A | |
| All-in Cost EUR/USD - Active | 0.75 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Vantage | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $50 | $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 | Vantage | 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 | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Vantage | 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 | Vantage | 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 | Vantage | 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Vantage | 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 | Vantage | 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 | Vantage Review | LegacyFX Review |
| Overall | Vantage | LegacyFX | |
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| Trust Score | 90 | 67 | |
| Winner | check_circle | ||
| Review | Vantage Review | LegacyFX Review |
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