Written by ForexBrokers.com
In this head to head comparison of XTB 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.
Founded in 2002, XTB stands out as a highly trusted online broker with a commendable Trust Score of 96 out of 99 according to ForexBrokers.com. Despite not being a bank, XTB enjoys a strong reputation in the industry partly due to its presence on the stock exchange and its holding of two Tier-1 licenses, which are among the most trusted by ForexBrokers.com. In addition, XTB holds two Tier-2 licenses, reinforcing its trustworthiness and appeal for traders looking for a reliable platform.
LegacyFX, which began its operations in 2012, holds a Trust Score of 67, indicating a higher risk compared to XTB. Unlike XTB, LegacyFX is not publicly traded and carries only one Tier-1 license, reflecting a more limited regulatory framework. With no Tier-2 licenses, LegacyFX’s regulatory standing may not inspire the same level of confidence for some cautious investors. Overall, when comparing the two, XTB presents a more trusted and established option in the online brokerage landscape.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Year Founded | 2002 | 2012 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to comparing online brokers XTB and LegacyFX, the focal area of commissions and fees provides a clear distinction between the two. XTB offers two primary account types: the spread-only Standard account and a commission-based Professional account. However, the latter is primarily for U.K. and Europe clients identified as elected Professionals and is being phased out. For retail forex traders, the Standard account is generally more favorable, particularly since the Pro account is unavailable in most regions. XTB's active trader program, the Lower Spread Group, offers a rebate from 5% to 30% on spreads, depending on trading volume. XTB is rated 4.5 stars out of five for its commissions and fees, earning it an impressive 11th place ranking out of 62 brokers by ForexBrokers.com.
LegacyFX presents a different landscape, with account types varying based on the regulatory location—either the EU entity under CySEC or the international branch in Vanuatu. EU residents can choose between three account types: Silver, Gold, and Platinum, requiring minimum deposits of $500, $5,000, and $25,000, respectively. The Platinum account offers the lowest advertised spreads, whereas the Silver carries the highest trading costs, with minimum spreads starting at 1.6 pips on EUR/USD. The Vanuatu entity provides a broader spectrum of seven account types, where higher deposit levels grant increased client support and access to trading tools. LegacyFX receives a rating of 3.5 stars for commissions and fees and is ranked 56th among 62 brokers, as per ForexBrokers.com.
In summation, XTB generally presents more competitive fee structures and customer incentives than LegacyFX, especially for active traders who negotiate large trading volumes. However, each platform offers distinct account choices that may appeal to different segments of traders based on their trading needs and geographical location.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 1.00 | 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 between XTB and LegacyFX, XTB emerges as the more diversified option. XTB offers a comprehensive selection of 7,184 tradeable symbols, including 71 forex pairs. Traders can also access exchange-traded securities from both U.S. and international exchanges, allowing them to invest in giant corporations like Apple and Vodafone directly. While XTB does not provide copy trading, it enables trading in cryptocurrency derivatives, giving traders exposure to the crypto market with the convenience of CFDs. With a range of investments rated at five stars, XTB holds a strong position, ranking #14 out of 62 brokers by ForexBrokers.com.
LegacyFX, on the other hand, offers 425 tradeable symbols, which include 44 forex pairs. Unlike XTB, LegacyFX does not support trading in U.S. or international exchange-traded securities. However, it does stand out with its copy trading service, which allows traders to follow and replicate the strategies of more experienced investors. LegacyFX also offers cryptocurrency derivatives but does not allow the purchase of actual cryptocurrencies. With a range of investments rating of 3.5 stars and a ranking of #48 by ForexBrokers.com, LegacyFX provides a more limited set of investment options compared to XTB.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 425 |
| Forex Pairs (Total) | 71 | 44 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | 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 XTB and LegacyFX, both brokers offer free virtual demo accounts, allowing traders to practice their strategies without financial risk. XTB shines with its proprietary platform built in-house, while LegacyFX relies on third-party solutions. Both brokers provide Windows-based desktop platforms and web-based trading options, but XTB does not offer copy trading or the popular MetaTrader 4 and 5 platforms, whereas LegacyFX supports copy trading and MetaTrader 5.
XTB provides a more enhanced charting experience with 32 drawing tools, compared to LegacyFX's 15, and it allows traders to work directly from their stock charts. For watchlist customization, XTB offers eight fields while LegacyFX offers seven. In terms of ratings, XTB receives higher marks, scoring 4.5 out of five stars for its trading platforms and tools, ranking it #9 out of 62 brokers in this category. LegacyFX, on the other hand, is rated at 3.5 stars and ranks at #59, highlighting that XTB generally provides more advanced trading tools.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by XTB and LegacyFX, both platforms provide apps for iPhone and Android users, ensuring accessibility for a broad range of traders. Both apps enable users to receive stock and forex price alerts and offer functionalities like drawing trendlines on charts and viewing multiple timeframes, such as daily, weekly, or intraday. However, neither app supports the syncing of watchlist symbols between mobile and online accounts. XTB outshines LegacyFX with 39 technical studies available for its charts, compared to LegacyFX's 30. Additionally, both apps allow real-time quote watchlist creation and auto-save for chart drawings, enhancing user experience.
Despite several similarities, user ratings and rankings reveal significant performance differences. XTB's mobile app is rated 4.5 stars out of five, highlighting its favorable reception among traders, while LegacyFX's app receives a rating of 3.5 stars. In a ranking of 62 brokers by ForexBrokers.com, XTB stands impressively at position #8, contrasting with LegacyFX's lower placement at #60. These distinctions suggest that while both platforms provide useful mobile trading tools, XTB's app tends to deliver a more refined trading experience.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 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.
Investors seeking comprehensive forex and market research tools might find XTB and LegacyFX both appealing. Both brokers provide daily market commentary and access to forex news from well-regarded sources like Bloomberg and Reuters, ensuring traders stay informed with the latest developments. However, when it comes to advanced analysis tools, LegacyFX has an edge with offerings from Autochartist, whereas XTB does not provide tools from this company nor Trading Central. Interestingly, XTB uniquely offers a sentiment-based trading tool that gives traders insight into market positions across various instruments, a feature not available with LegacyFX.
For investors relying on a structured calendar of economic events, both brokers offer an economic calendar, helping traders anticipate market shifts. Despite some similarities in services, XTB has a higher research rating of 5 stars, compared to LegacyFX's 3.5 stars, ranked #7 out of 62 brokers by ForexBrokers.com in the research category. In contrast, LegacyFX holds the #45 spot. These rankings reflect the varying levels of satisfaction and effectiveness that users experience with the research capabilities of each platform.
| Feature |
XTB
|
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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, both XTB and LegacyFX offer a comprehensive suite of tools designed to help newcomers navigate the world of forex and CFDs trading. Each broker provides over 10 educational pieces, encompassing articles, videos, and archived webinars, ensuring new traders have access to a wealth of knowledge. Regular educational webinars, offered monthly, are a staple of both platforms, enriched by a searchable archive for those who wish to revisit past sessions. Both XTB and LegacyFX also cater to beginners with a series of videos specifically tailored to introduce fundamental trading concepts. For experienced traders, advanced videos are available, enhancing skills and knowledge further.
Despite these similarities, a key difference lies in the provision of an investor dictionary, with LegacyFX offering a robust glossary of over 50 investing terms, a tool XTB does not provide. This distinction may be a deciding factor for beginners seeking a more independent learning route through unfamiliar terminology. In terms of overall education ratings, XTB receives a 5-star rating, affirming the quality and breadth of its educational content, whereas LegacyFX scores 3.5 stars. This translates to a significant difference in educational rankings, with XTB positioned at #11 out of 62 brokers as per ForexBrokers.com, while LegacyFX sits at #35. These rankings suggest that while both platforms provide substantial educational resources, XTB offers a slightly more superior educational experience for learners.
| Feature |
XTB
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than LegacyFX. XTB finished with an overall rank of #7, while LegacyFX finished with an overall rank of #62.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
|
LegacyFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 67 |
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Both XTB and LegacyFX do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options for purchasing cryptocurrency derivatives.
When comparing online brokers XTB and LegacyFX concerning deposit and withdrawal options, XTB supports PayPal while LegacyFX does not, both offer Skrill, Visa or Mastercard, and bank wires, but 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 | XTB | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | LegacyFX Review |
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| Regulation | XTB | LegacyFX | |
|---|---|---|---|
| Trust Score | 96 | 67 | |
| Year Founded | 2002 | 2012 | |
| Publicly Traded (Listed) | Yes | 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 | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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) | XTB | 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 | XTB | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 425 | |
| Forex Pairs (Total) | 71 | 44 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | 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 | XTB | LegacyFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 1.00 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | XTB | LegacyFX | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | 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 | XTB | 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) | No | Yes |
| Major Forex Pairs | XTB | 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 | XTB Review | LegacyFX Review |
| Overall | XTB | LegacyFX | |
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| Trust Score | 96 | 67 | |
| Winner | check_circle | ||
| Review | XTB Review | LegacyFX Review |
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