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 | 2 | 1 |
Vantage offers a variety of account options with different pricing structures tailored to meet the needs of different traders. With a 4.5-star rating for commissions and fees, Vantage offers three main account types. Their Standard STP account involves spread-only fees, typically 1.30 pips on the EUR/USD, while their RAW ECN account combines low spreads averaging 0.15 pips with a $6 round-turn commission. The PRO ECN account provides more competitive pricing with a $4 round-turn commission, though it requires either a wholesale client status or a $10,000 deposit, depending on the regulatory entity. Ranked #18 out of 62 brokers for commissions and fees by ForexBrokers.com, Vantage also has an active trader program offering cash rebates based on trading volumes.
LegacyFX provides a range of accounts through its EU entity and international entity in Vanuatu. However, LegacyFX does not offer average spread data, which limits transparency in trading costs. For EU residents, LegacyFX offers Silver, Gold, and Platinum accounts with minimum deposits ranging from $500 to $25,000, with Platinum offering the lowest advertised spreads. Internationally, they offer seven account types, from Standard to VIP, tailored to offer client support and access to trading tools based on the account type. Rated 3.5 stars for commissions and fees, LegacyFX stands at #56 in the ForexBrokers.com ranking for this category.
When comparing the two brokers, Vantage stands out with its structured pricing and rebate programs for active traders, backed by its higher ranking and rating for commissions and fees. On the other hand, LegacyFX provides multiple account variations with different levels of support, although its lack of spread transparency may not favor traders looking for comprehensive cost clarity. While Vantage remains a strong contender in terms of pricing, LegacyFX provides alternative account structures suited to personalized trading support needs.
| 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 | 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.
When comparing the range of investments offered by Vantage and LegacyFX, both brokers provide the ability to trade forex through CFDs or spot contracts. Vantage stands out with a larger selection, offering over 1,000 tradeable symbols, including 57 forex pairs. In contrast, LegacyFX offers 425 tradeable symbols with 44 forex pairs. However, neither broker allows for the purchase of exchange-traded securities from the U.S. or international stock markets, meaning direct investments in stocks like Apple or Vodafone are not possible through their platforms.
Both Vantage and LegacyFX support copy trading, allowing users to replicate the trades of successful investors. While they do not offer the purchase of actual cryptocurrencies, both brokers provide the ability to trade cryptocurrency derivatives. In terms of range of investments, both Vantage and LegacyFX earn a 3.5-star rating. However, according to ForexBrokers.com's rankings of 62 brokers, LegacyFX holds a slightly better position at #48, compared to Vantage at #50.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 425 |
| Forex Pairs (Total) | 57 | 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 evaluating trading platforms and tools, both Vantage and LegacyFX provide essential features for traders, but there are distinct differences that set them apart. Vantage offers a comprehensive suite that includes both MetaTrader 4 and MetaTrader 5, as well as integration with popular copy trading services like DupliTrade and ZuluTrade. Traders can make use of various platforms on desktops and web browsers, plus enjoy unique perks like a proprietary platform built in-house. LegacyFX, on the other hand, sticks with MetaTrader 5 for its platform without a proprietary offering, and it does not support DupliTrade or ZuluTrade. Both brokers do, however, provide a virtual demo account to aid in practice trading, and they each allow trading directly from stock charts.
Charting features are similar between Vantage and LegacyFX, as they both offer 15 drawing tools and versatile watch lists with seven columns. Despite these shared features, ForexBrokers.com ranks Vantage significantly higher in their Trading Platforms and Tools category, placing it at #15 out of 62 brokers, while LegacyFX trails behind at #59. Furthermore, Vantage scores 4 stars in this category against LegacyFX's 3.5 stars, highlighting a more favorable reception for its trading infrastructure. As such, while both brokers cater to traders with essential tools, Vantage shines with a broader selection of platforms and enhanced ranking by users and reviewers alike.
| 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 | Yes | 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 apps, both Vantage and LegacyFX provide convenient solutions for traders on the go. Each offers apps for both iPhone and Android devices, with features like stock or forex price alerts and the ability to draw trendlines on charts. They both allow viewing multiple time frames, from daily to intraday, on charts and auto-save drawings for convenience. Additionally, traders can create watchlists with real-time quotes on both platforms. However, neither Vantage nor LegacyFX supports watchlist symbol syncing, so changes in the mobile app don’t sync with the online account.
Despite offering similar features, Vantage edges out LegacyFX in overall user satisfaction. Vantage's app receives a commendable 4-star rating, compared to LegacyFX's 3.5-star rating. Moreover, Vantage is ranked #26 out of 62 brokers for mobile trading apps by ForexBrokers.com, while LegacyFX trails at #60. Both platforms offer 30 technical studies for charting, ensuring a comprehensive analytical experience for traders. For those prioritizing app rankings and user ratings, Vantage might be the preferable option.
| 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 online brokers deliver daily market commentary and provide access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. However, there are key distinctions in their available research tools. Vantage provides technical analysis tools through Trading Central and a sentiment-based trading tool, giving users insights into market trends and trader positions. On the other hand, LegacyFX includes tools from Autochartist, an option that Vantage lacks, which provides additional technical and fundamental analysis support.
Both Vantage and LegacyFX offer an economic calendar to keep traders informed about significant global economic events. Despite some similarities, Vantage edges ahead with a research rating of 4 stars against LegacyFX’s 3.5 stars. This higher rating reflects Vantage's broader range of research tools. In rankings by ForexBrokers.com, Vantage holds the 24th position out of 62 brokers for research capabilities, whereas LegacyFX is ranked 45th, highlighting Vantage's stronger portfolio of market research features.
| Feature |
Vantage
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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.
Vantage and LegacyFX both provide a comprehensive suite of educational resources aimed at helping beginners dive into forex and CFD trading. Each platform offers at least ten educational pieces, including articles, videos, and archived webinars, ensuring a solid start for novices. They also host regular online webinars, with at least one educational session each month. Both brokers have made their webinar archives accessible and searchable, granting users the flexibility to learn at their pace.
In addition to resources for beginners, Vantage and LegacyFX cater to more advanced traders with at least ten dedicated educational videos for experienced audiences. Both brokers maintain an investor dictionary featuring over 50 investing terms. However, when it comes to educational quality ratings, Vantage edges out slightly ahead with 4 stars compared to LegacyFX's 3.5 stars. According to ForexBrokers.com, Vantage is ranked #27 out of 62 brokers in the Education category, while LegacyFX is positioned at #35. These rankings highlight Vantage's slightly better educational offerings overall.
| 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 |
| Broker Screenshots | Vantage | LegacyFX | |
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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 | 2 | 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) | 57 | 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 | No | 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 | Yes | 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 | No | 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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