AAATrade Vs. LegacyFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 69.23% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.	Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.
Best For
Beginner traders looking for a simple web and mobile platform to get started Passive investors looking for real equity	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Simple and friendly proprietary trading platform Intuitive overview of account analytics Wide variety of CFDs and real equities	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
Above-average FX spreads High fees (depending on the deposit / withdrawal methods) High deposit requirements for advanced services ($25,000 , $100,000)	High minimum deposits (From $500 to $25,000) for their various account types Extremely high spreads when compared to similar brokers Low asset offering with poor categorisation Subpar regulatory framework Only MT5 platform is offered
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2013	2017
💳 Minimum Deposit Range
$500	From $500 to $25,000
💰 Payment Methods
Credit Card Debit Card Wire Transfer Skrill Neteller FasaPay UnionPay Giropay QIWI Cryptocurrencies	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
3 - EUR, USD, GBP.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
2,162	292
Exchange Access
25	0
📙 Real Stocks
1,000	0
📙 Stock CFDs
1,000	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
80	40
📗 Commodities
0	0
📗 Commodities CFDs
4	24
📕 Indices
0	0
📕 Indices CFDs
12	18
📔 ETFs
0	0
📔 ETFs CFDs
5	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
50	10
📒 Bonds
0	0
📒 Bonds CFDs
4	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
7	0
Trading Experience
📈 Minimum Stock Trade Size
1 share	Unavailable
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots)	$10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
100 units	Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 lots)	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
No	No
📺 MetaTrader 5
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
€15 after 3 months of inactivity.	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.	None
💰 Withdrawal Fees
Wire transfers have a €10 fee.	None
💰 Commissions
No commissions on novice accounts. Commission free trading for stock ETFs on Experienced accounts FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 2 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 50 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 95 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21	Unavailable
📈 XLK (ETF - CFD)
Dynamic - From $0.01	Unavailable
📉 BTC
Dynamic - From $511	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
No	No