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


Visit 61% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
Founded in 2001, easyMarkets offers three types of accounts – VIP, Premium and Standard – with fixed spreads for its Web, App and MT4 platforms.	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
Forex traders who want transparent trades with fixed spreads Traders who want access to higher leverage with its global entities	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 3 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) FSAS (Seychelles) FSC (British Virgin Islands) ASIC (Australia)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Low minimum deposit required for standard accounts No fees or commissions Clear trading conditions with fixed spreads Offers free guaranteed stop loss	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
Asset offering isn’t that comprehensive There is no possibility of buying real stocks or ETFS Limited trading hours	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
2001	2017
💳 Minimum Deposit Range
$25 for Standard account, $2,000 for premium and $10,000 for VIP	From $500 to $25,000
💰 Payment Methods
Visa Mastercard American Express Maestro JCB Skrill Neteller AstroPay Sofort giropay Ideal Bank transfer BPay Fasapay Sticpay WebMoney bitwallet Perfect Money	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
19 - EUR, CAD, CZK, JPY, NZD, USD, SGD, CHF, GBP, MXN, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, BTC.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, IL, CA, AF, AI, BI, KY, KY, TD, CD, CG, DM, GQ, FJ, GW, HY, HN, IR, IQ, LA, MZ, MM, NI, KP, PW, PA, SO, SS, SD, SY, TT, TM, VU, VE, YE.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
196	292
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
64	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
62	40
📗 Commodities
0	0
📗 Commodities CFDs
17	24
📕 Indices
0	0
📕 Indices CFDs
13	18
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
17	10
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
23	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Varies per stock (Eg: AMZN 0.05, APPL 0.25)	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$2,500 (0.025 Lots)	Unavailable
📉 Minimum FX Trade Size
$2,500 (0.025 Lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (Eg: $25 for WTI, $75 for XAG)	$10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
None	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
None	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Fixed - Based on Account Type (From 0.7 to 1.7 Pips)	Dynamic - From 1.6 Pips
📉 SP500
Fixed - 150 Pips	Dynamic - From 120 Pips
📈 GOLD
Fixed - Based on Account Type (From 5 Pips to 30 Pips)	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Fixed - $13	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Fixed - $100	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
No	No