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

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

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.

• Traders looking for a CySec broker that offers a trading signals service

• 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

• CySec (Cyprus)
• VFSC (Vanuatu)

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

• Proprietary signals channel (untested by us)
• Fixed spreads (at their discretion subject to change)

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• 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

• 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

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• 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.

• Visa
• Mastercard
• Neteller
• Skrill
• Klarna
• iDeal
• GiroPay
• Perfect Money
• AVOPayments
• eftPay
• Volt
• Cash
• Load
• Jeton
• Gigadat

• Visa
• Mastercard
• Bank Transfer
• Paypal

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

SY, IR.

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

After 24 months of inactivity, IG charges an $18 monthly fee.

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

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.