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


Visit 74-89% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
Vantage is a global broker operating since 2009. Initially based in Australia, Vantage is offering trading in forex, stocks, indices, commodities and cryptocurrencies.	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
Traders looking to hedge their FX positions (low fees) Social traders looking to connect to popular copying services Traders preferring mobile apps	Traders looking for a CySec broker that offers a trading signals service
Licenses
Financial Licenses Regulation Unregulated Top-tier Licenses 1 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
ASIC (Australia) VFSC - (Vanuatu) CIMA (Cayman Islands)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Low deposit requirements Low non-trading fees Good educational material, news feed and market analysis Great mobile platform	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
High stock CFD fees Not all instruments are available on every trading platform Doesn’t offer 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
Status
Inactive	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
2009	2017
💳 Minimum Deposit Range
$200	From $500 to $25,000
💰 Payment Methods
Bank Transfer Debit / Credit Card Cryptocurrency Bitwallet FasaPay Neteller Skrill Union Pay	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
9 - USD, EUR, GBP, AUD, CAD, HKD, NZD, JPY, SGD.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
AF, AL, AS, AU, BY, BM, BA, BG, BI, CA, CF, CN, HR, CU, ER, GR, GU, IR, IQ, CI, JP, LB, LR, LY, ML, ME, MM, KR, PR, GN, GW, RO, SL, RS, SG, SI, SO, SD, ES, SD, SY, VE, YE.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
289	292
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
210	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	40
📗 Commodities
0	0
📗 Commodities CFDs
20	24
📕 Indices
0	0
📕 Indices CFDs
13	18
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
6	10
📒 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
1 Share	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Unavailable	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 ounce for gold)	$10,000 (0.1 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	500
✍ Customisable Leverage
Yes	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
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
None	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
No for all methods, except the bank transfer. First one is free, subsequent in the same month are charged $20 or equivalent depending on the account currency.	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes for ECN accounts -from $6 per lot per round turn.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.4 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 36 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Unavailable	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
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	Yes
📡 Webinars
No	No