IC Markets Vs. LegacyFX - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 76.27% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
IC Markets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.	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
Professional traders looking for Interbank rates High volume traders that will save great amounts of costs with their low spreads and commissions	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 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
ASIC (Australia) CySec (Cyprus) FSA (Seychelles)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Customisable leverage per asset before opening trades Interbank rates and low commissions Great platform variety	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
Avaliable assets are limited (Also No ETFs) No ability to purchase real stocks or cryptocurrencies, only CFDs	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
2007	2017
💳 Minimum Deposit Range
$200	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Bank Transfer Bitcoin Sofort Paypal Neteller Skrill	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IL.	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
1,737	292
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,600	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
61	40
📗 Commodities
0	0
📗 Commodities CFDs
22	24
📕 Indices
0	0
📕 Indices CFDs
25	18
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
18	10
📒 Bonds
0	0
📒 Bonds CFDs
11	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
Unavailable	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Varies by 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
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
Yes	Yes
📺 cTrader
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	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
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 20 to 45 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 30 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $8.7 to $42	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
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
No	No