LegacyFX Vs. Oanda - 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.

Oanda is an international Forex broker founded in 1996 with headquarters in the United States. Oanda specialises exclusively in currency trading solutions for all trader levels. Their greatest selling points are their strong regulatory framework and robust proprietary platforms.

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

• Forex traders of all levels (from beginner to advanced)

• CySec (Cyprus)
• VFSC (Vanuatu)

• CFTC (U.S)
• NFA (U.S)
• ASIC (Australia)
• FCA (UK)
• MAS (Singapore)
• IIROC (Canada)
• FFAJ (Japan)
• BVI (British Virgin Islands)

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

• High trustworthiness, regulated by the best regulators in the world
• Fast, simple and professional trading platforms
• Competitive spreads in their currency pairs

• 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

• Extremely limited offering of assets (104)
• No ability to purchase real stocks or cryptocurrencies, only CFDs

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

• 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.

AF, AL, BS, BB, BW, BF, BI, KH, KY, CF, TD, CD, CG, CU, ER, ET, GH, IR, IQ, JM, KP, LY, MU, MN, MA, MM, NI, NG, PK, PS, PA, SN, SL, SO, SS, SD, SY, TT, TN, UG, VU, YE, ZW.

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

$10 after 1 year of inactivity.

Credit and Debit cards are free, when it comes to Bank transfer depends on the account's base currency (eg: the first withdrawal costs $, €, £ 20 and any subsequent ones 35). In the case of SGD, there are no fees.

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