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


Visit 76.5% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.	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
New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts Experienced high volume traders looking for a fixed zero spread account	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
IFSC (Belize) CySec (Cyprus) ASIC (Australia) FSCA (South Africa)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Clear account offering that covers all levels of traders according to their net worth Proprietary copy trading service Access to high leverage (Up to 1:3000)	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
Asset offering is extremely limited with over 100+ instruments Minimum deposit for ECN account is high $1,000	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
2009	2017
💳 Minimum Deposit Range
From $1 to $1,000	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Maestro Neteller Sticpay Skrill Perfect Money Bank Transfer (depending on location and entity) Bitcoin Ethereum USDT (Tether)	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
3 - EUR, USD, AUD.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
JP, US, CA, MY, IL, IR.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
Yes	No
📊 DMA Account
No	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
254	292
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
104	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
102	40
📗 Commodities
0	0
📗 Commodities CFDs
8	24
📕 Indices
0	0
📕 Indices CFDs
12	18
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
28	10
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$1,000 - 0.01 Lots	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 - 0.01 Lots	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
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
3000	30
💪 Professional Leverage
Unavailable	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
Yes	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	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
FBS commissions vary per account type as follows: Cent account: none Micro account: none Standard account: none Zero spread account: From $20 per lot ECN account: From $6 per lot Crypto account: 0.05% for opening or closing positions	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0 to 3 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 170 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 32 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.08	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $104	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No