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


Visit 79% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.	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 to exploit their customisable platform and broad asset offering High volume traders that can offset their commission costs by trading in larger volumes	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 8 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) FMA (New Zealand) NFA (United States) DFSA (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) FSCA (South Africa) BMA (Bermuda)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Broad platform offering with high customisability and integrated news feeds Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc Their standard contracts can be too large some times for low volume traders	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
1974	2017
💳 Minimum Deposit Range
From $10 to $450.	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
Yes	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
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
35,227	292
Exchange Access
8	0
📙 Real Stocks
15,000	0
📙 Stock CFDs
15,000	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
80	40
📗 Commodities
0	0
📗 Commodities CFDs
37	24
📕 Indices
0	0
📕 Indices CFDs
76	18
📔 ETFs
2,000	0
📔 ETFs CFDs
2,000	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	10
📒 Bonds
0	0
📒 Bonds CFDs
19	0
📓 Options
0	0
📓 Options CFDs
1,000	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1/10 of Contract (5,000 Notional)	Unavailable
📉 Minimum ETFs Trade Size
1/10 of Contract (5,000 Notional)	Unavailable
📈 Minimum Crypto Trade Size
0.01 Contracts	Unavailable
📉 Minimum FX Trade Size
1 Contract	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
1 Contract	$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
30	30
💪 Professional Leverage
250	500
✍ Customisable Leverage
No	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
No	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
Yes	No
Fees
💰 Inactivity Fee
After 24 months of inactivity, IG charges an $18 monthly fee.	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 40 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 30 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $90	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
Yes	No