LegacyFX
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77% of retail CFD accounts lose money.

Vs.

ActivTrader
Visit

81% of retail CFD accounts lose money.

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

Updated Dec 19 2022

Visit

77% of retail CFD accounts lose money.

Visit

81% of retail CFD accounts lose money.

Overview

Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.

ActivTrades is a global broker founded in Switzerland in 2001 that specialises in providing CFDs on stocks, ETFs, currencies, indices, commodities and cryptocurrencies along with their own proprietary platform and MT4 & 5.

Best For
  • Traders looking for a CySec broker that offers a trading signals service
  • Beginner and intermediate traders looking for a simple and powerful platform
  • Experienced currency traders looking to exploit the tight spreads
  • CFD traders looking for an de-leveraged option to trade
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • VFSC (Vanuatu)
  • FCA (UK)
  • SCB (Bahamas)
  • CSSF (Luxembourg)
The Good
  • Proprietary signals channel (untested by us)
  • Fixed spreads (at their discretion subject to change)
  • Great and intuitive proprietary platform
  • MT4 and MT5 offered
  • Low currency spreads
The Bad
  • 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
  • Asset offering is small when compared to similar competitors
  • Commissions are charged
  • Cryptocurrency trading is disabled during weekends
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
2017 2001
💳 Minimum Deposit Range
From $500 to $25,000 $500
💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Klarna
  • iDeal
  • GiroPay
  • Perfect Money
  • AVOPayments
  • eftPay
  • Volt
  • Cash
  • Load
  • Jeton
  • Gigadat
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Sofort
  • Bank Transfer
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR. 4 - EUR, USD, CHF, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.

US, CA, SY, IR.

📊 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
292 1,607
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
200 1,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
40 50
📗 Commodities
0 0
📗 Commodities CFDs
24 16
📕 Indices
0 0
📕 Indices CFDs
18 30
📔 ETFs
0 0
📔 ETFs CFDs
0 500
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
10 11
📒 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
Unavailable Variable - Fractions allowed
📉 Minimum ETFs Trade Size
Unavailable Variable - Fractions allowed
📈 Minimum Crypto Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$10,000 (0.1 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$10,000 (0.1 Lots) $1,000 (0.01 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
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee

Yes, 10 units of account base currency after 90 days of inactivity.

$10 monthly after 1 year of inactivity.

💰 Deposit Fees
None

Yes depending on method:

  • Credit and Debit cards have a 1.5% fee
💰 Withdrawal Fees
None

Only for bank transfer withdrawals (9 GBP each)

💰 Commissions

Yes, ranging from 0.15% to 0.45% of trade value for stocks only.

Yes depending on asset:

  • For European shares (excluding London) there are fees of 0.05% of the transaction value (minimum 1€) or 0.01% of the transaction value (minimum 5€)
  • For London shares there are commissions of 0.10% of transaction value (minimum 1£)
  • For New york and other international shares there are commissions of $0.02 per share (minimum $1)

Along specific commissions per asset there can be market data fees such as 1€ monthly for New york exchanges or others.

Spreads
📈 EUR/USD
Dynamic - From 1.6 Pips From 0.5 Pips to 0.91 Pips
📉 SP500
Dynamic - From 120 Pips From 23 Pips to 50 Pips
📈 GOLD
Dynamic - From 63 Pips From 98 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable Dynamic - Market Spread
📉 BTC
Dynamic - From $505 From $55 to $91
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 Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No Yes
📡 Account Management
Yes No
📡 Webinars
No Yes