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


Visit 77% of retail CFD accounts lose money.	Visit 69.2% 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.	BDSwiss is a global broker headquartered in Switzerland that holds multiple financial licenses and offers access to over 250 financial instruments through 4 account types according to each trader's needs.
Best For
Traders looking for a CySec broker that offers a trading signals service	Beginners looking to learn the basics using the "Cent" account Intermediate traders looking for quality fundamental analysis
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 1 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) VFSC (Vanuatu)	CySec (Cyprus) NFA (United States) FSC (Mauritius)
The Good
Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)	Excellent educational library with analysis published on the daily basis Suitable for traders who are willing to invest time in learning fundamental analysis.
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	Higher spreads and limited functionality for small accounts Needs $1000 deposit to have access to a personal account manager, or $5,000 for the advantageous Raw account.
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	2012
💳 Minimum Deposit Range
From $500 to $25,000	$100
💰 Payment Methods
Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat	Visa Mastercard Bank Transfer Neteller Skrill Sofort iDeal
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.	4 - USD, EUR, GBP, SEK.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.	BE, CD ,ER, JP, KP, LY, MU, SC, SO, SD, US.
📊 STP Account
No	Yes
📊 DMA Account
No	No
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
292	1,066
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
200	900
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	50
📗 Commodities
0	0
📗 Commodities CFDs
24	6
📕 Indices
0	0
📕 Indices CFDs
18	10
📔 ETFs
0	0
📔 ETFs CFDs
0	80
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
10	20
📒 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	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 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	No
🎲 Deleveraged Trading
No	No
🎓 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	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 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% of account balance after 90 days of inactivity (minimum at €25, maximum at €49.90).
💰 Deposit Fees
None	€10 flat fee for bank wire withdrawals equal to or less than €100.
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, ranging from 0.15% to 0.45% of trade value for stocks only.	Yes depending on account type (Eg: Raw accounts have a $5 per lot round turn commission while other pay spreads).
Spreads
📈 EUR/USD
Dynamic - From 1.6 Pips	Dynamic - From 0.3 Pips to 1.5 Pips
📉 SP500
Dynamic - From 120 Pips	Dynamic - From 39 Pips
📈 GOLD
Dynamic - From 63 Pips	Dynamic - From 27 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - From $3.30
📈 XLK (ETF - CFD)
Unavailable	0.10%
📉 BTC
Dynamic - From $505	Dynamic - From $190
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	Yes
📡 Webinars
No	Yes