ThinkMarkets Vs. LegacyFX - Compare and Choose the Right One


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Overview
ThinkMarkets is a global broker headquartered in Australia that offers real stocks and ETFs along with CFDs on stocks, etfs, commodities, indices and cryptocurrencies accompanied by their proprietary platform: ThinkTrader.	Legacy FX is a cypriot broker founded in 2017 that specialises in CFDs trading via MetaTrader 5 for mobile, web and desktop devices.
Best For
Passive investors looking to buy, hold or transfer real shares or ETFs from ASX Active traders looking to exploit their low spreads on CFDs MetaTrader 4 & 5 traders looking for a convenient offering	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
FCA (UK) ASIC (Australia) FSAS (Seychelles) FSCA (South Africa)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Possibility to invest in real stocks and ETFs or trade CFDs Proprietary platform ThinkTrader is smooth and user friendly Spreads are very competitive when compared to similar competitors	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
Real stocks or ETFs are only from ASX (Australian Securities Exchange) Expensive stock trading commissions ($8 flat fee for ASX shares or ETFs) While their stock and ETFs offering is great, they lack variety in all other asset classes	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
Status
Operational	Operational
Recent News
N/A	N/A
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
2010	2017
💳 Minimum Deposit
0 for Standard Account / $500 for Zero account	$500
💰 Payment Methods
Visa Mastercard Neteller Skrill Bank Transfer Bitcoin (BTC) Ethereum (ETH) Tether (USDT)	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
6 - EUR, AUD, CHF, GBP, JPY, USD.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
No	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Assets
📚 Available Assets
Real stocks and ETFs from ASX. CFDs on stocks, ETFs, indices, commodities and cryptocurrencies.	CFDs on currencies, commodities, indices, cryptocurrency and stocks.
📙 Stocks
3,100+ real shares (ASX) / 1246 CFDs	200
📘 Currency Pairs
47	40
📗 Commodities
11	24
📕 Indices
27	18
📔 ETFs
103	N/A
💸 Cryptocurrencies
21	10
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
ThinkMarkets offers both real stocks & ETFs along with CFDs on several asset classes.	All of Legacy FX assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Fractional share trading - From 0.1 Shares	N/A
📉 Minimum ETFs Trade Size
Fractional ETF trading - From 0.1 ETFs	N/A
📈 Minimum Crypto Trade Size
Varies per cryptocurrency (eg: from 0.01 units of BTC)	N/A
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 ounce of Gold)	$10,000 (0.1 Lots)
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Only for MT4 and MT5.	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes (Only for Standard Account)	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
No	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 Commissions
For Standard account there are no commissions For Zero account there is a commission of $3.5 per lot round turn For real stocks and ETFs investing, there is a flat fee of $8 per trade (in-and-out) or if the trade value is above $200,000 then a 0.05% fee per trade.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
From 0.4 Pips to 1 Pip	Dynamic - From 1.6 Pips
📉 SP500
From 40 Pips	Dynamic - From 120 Pips
📈 GOLD
From 20 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
From 20 Pips	N/A
📈 XLK (ETF - CFD)
Dynamic - From $0.01	N/A
📉 BTC
Dynamic - From $30	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No