LegacyFX
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77% of retail CFD accounts lose money.

Vs.

eToro
Visit

74% of retail CFD accounts lose money.

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

Updated Dec 19 2022

Visit

77% of retail CFD accounts lose money.

Visit

74% 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.

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

Best For
  • Traders looking for a CySec broker that offers a trading signals service
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
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

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • VFSC (Vanuatu)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
The Good
  • Proprietary signals channel (untested by us)
  • Fixed spreads (at their discretion subject to change)
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
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
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
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 2007
💳 Minimum Deposit Range
From $500 to $25,000 From $50 to $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Klarna
  • iDeal
  • GiroPay
  • Perfect Money
  • AVOPayments
  • eftPay
  • Volt
  • Cash
  • Load
  • Jeton
  • Gigadat
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR. 1 - USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

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

AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.

📊 STP Account
No Yes
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
292 4,245
Exchange Access
0 0
📙 Real Stocks
0 2,000
📙 Stock CFDs
200 2,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
40 47
📗 Commodities
0 0
📗 Commodities CFDs
24 14
📕 Indices
0 0
📕 Indices CFDs
18 13
📔 ETFs
0 0
📔 ETFs CFDs
0 145
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
10 26
📒 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 $10
📉 Minimum ETFs Trade Size
Unavailable $10
📈 Minimum Crypto Trade Size
Unavailable $10
📉 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 Unavailable
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
Yes No
📺 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 Yes
🔑 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.

After 12 months of inactivity, a $10 monthly inactivity fee will be charged.

💰 Deposit Fees
None

Conversion fees apply.

💰 Withdrawal Fees
None

$5 flat fee.

💰 Commissions

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

No commissions on real stocks and ETFs

Spreads
📈 EUR/USD
Dynamic - From 1.6 Pips Dynamic - From 1 Pip
📉 SP500
Dynamic - From 120 Pips Dynamic - From 75 Pips
📈 GOLD
Dynamic - From 63 Pips Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From 0.09%
📈 XLK (ETF - CFD)
Unavailable Dynamic - From 0.09%
📉 BTC
Dynamic - From $505 Fixed - 1%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No Yes
📡 Account Management
Yes No
📡 Webinars
No No