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


Visit 77% of retail CFD accounts lose money.	Visit Your capital is at risk.
Overview
Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.	Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.
Best For
Traders looking for a CySec broker that offers a trading signals service	Novices who want to enter the world of investing Intermediate and advanced options traders Professional day traders and portfolio managers
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 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) VFSC (Vanuatu)	HKMA (Hong Kong) FINRA (United States)
The Good
Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)	Trade any asset class from just $5 Easy-to-use investing app Fully extended trading hours
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	No international clients at the moment No joint accounts
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	2017
💳 Minimum Deposit Range
From $500 to $25,000	0
💰 Payment Methods
Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat	Visa Mastercard Bank Transfer Neteller 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.	European Union, UK, CA, JP, IN, IR, MY, ZA, AU.
📊 STP Account
No	No
📊 DMA Account
No	Yes
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	Equities
Total Asset Offering
292	12,420
Exchange Access
0	5
📙 Real Stocks
0	10,000
📙 Stock CFDs
200	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	0
📗 Commodities
0	0
📗 Commodities CFDs
24	0
📕 Indices
0	0
📕 Indices CFDs
18	0
📔 ETFs
0	2,400
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	20
💸 Cryptocurrency CFDs
10	0
📒 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	$5 trade value
📉 Minimum ETFs Trade Size
Unavailable	$5 trade value
📈 Minimum Crypto Trade Size
Unavailable	Varies per cryptocurrency
📉 Minimum FX Trade Size
$10,000 (0.1 Lots)	Unavailable
📈 Minimum Commodities Trade Size
$10,000 (0.1 Lots)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	4
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	No
🎲 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	No
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	Yes
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
Yes, 10 units of account base currency after 90 days of inactivity.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, ranging from 0.15% to 0.45% of trade value for stocks only.	None
Spreads
📈 EUR/USD
Dynamic - From 1.6 Pips	Unavailable
📉 SP500
Dynamic - From 120 Pips	Unavailable
📈 GOLD
Dynamic - From 63 Pips	Unavailable
📉 TSLA (Stock CFD)
Unavailable	Dynamic - Market spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market spread
📉 BTC
Dynamic - From $505	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	No
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
No	No