Freedom Finance Vs. LegacyFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.	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
Real equities traders looking to day-trade stocks, options, futures and ETFs Long term investors looking to build a stocks or ETFs portfolio Experienced investors that know which assets they are looking for	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 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) BaFin (Germany) SEC (United States)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Over 1,500,000+ assets from several exchanges worldwide All assets are real equities (they do not provide CFDs) InvestIdeas section with great analysis on several high potential stocks 3% per year in their savings D-account (Daily interest accrual)	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers Freedom Finance does not offers currencies, cryptocurrencies or spot commodities No stock screener or tools to research and analyse stocks efficiently	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
2008	2017
💳 Minimum Deposit Range
0	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Bank Transfers	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
SY, IR.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
No	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
Yes	No
Debit Card
No	No
Assets
📚 Assets Type
Equities	CFDs
Total Asset Offering
1,411,284	292
Exchange Access
0	0
📙 Real Stocks
58,571	0
📙 Stock CFDs
0	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
0	40
📗 Commodities
0	0
📗 Commodities CFDs
0	24
📕 Indices
0	0
📕 Indices CFDs
0	18
📔 ETFs
1,500	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
0	10
📒 Bonds
191,959	0
📒 Bonds CFDs
0	0
📓 Options
1,153,234	0
📓 Options CFDs
0	0
📗 Futures
6,020	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Unavailable
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
Unavailable	Unavailable
📉 Minimum FX Trade Size
Unavailable	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Unavailable	$10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
1 Contract	Unavailable
📈 Minimum Futures Trade Size
1 Contract	Unavailable
📉 Minimum Options Trade Size
1 Contract	Unavailable
💪 Retail Leverage
3	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
No	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
No	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
None	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
Yes, 7€ for bank transfers.	None
💰 Withdrawal Fees
Yes, up to 2.5% for credit / debit cards.	None
💰 Commissions
Yes and the vary per account: In their all inclusive USD account they charge, 0.5% + $0.012 per share with a minimum of $1.2 per trade $0.65 per USA stock options contract 12% for margin lending In their Smart in EUR account they charge, 0.02€ per share with a minimum of 2€ per trade $0.65 per USA stock options contract 12% for margin lending €0.05 for each SMS notification In their Fix in EUR account, they charge, 10€ Monthly account fee 0.012€ per share with a minimum of 1.2€ per trade $0.65 per USA stock options contract 12% for margin lending €0.03 for each SMS notification	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Unavailable	Dynamic - From 1.6 Pips
📉 SP500
Unavailable	Dynamic - From 120 Pips
📈 GOLD
Unavailable	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Unavailable	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