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


Visit 79% of retail CFD accounts lose money.	Visit 77% of retail CFD accounts lose money.
Overview
XTB is an international broker specialised in CFD trading and low cost forex spreads.	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
Experienced forex traders looking for low spreads Experienced stock traders looking for trading particular stocks under low spreads (with commission)	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
CySec (Cyprus) FCA (UK) CMNV (Spain) UKNF (Poland)	CySec (Cyprus) VFSC (Vanuatu)
The Good
Low forex & stock spreads Professional platform with customisable layouts	Proprietary signals channel (untested by us) Fixed spreads (at their discretion subject to change)
The Bad
No ability to remove or customise leverage High commissions on stocks & ETFs All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)	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
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
2002	2017
💳 Minimum Deposit Range
0	From $500 to $25,000
💰 Payment Methods
Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill	Visa Mastercard Neteller Skrill Klarna iDeal GiroPay Perfect Money AVOPayments eftPay Volt Cash Load Jeton Gigadat
💵 Account Base Currencies
5 - USD, GBP, EUR, PLN, HUF.	11 - USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, SY, IR.	US, CA, BE, FR, IL, IR, SY, AF, MM, SO, YE, IQ, SS, SD.
📊 STP Account
Yes	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
2,131	292
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,877	200
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
57	40
📗 Commodities
0	0
📗 Commodities CFDs
21	24
📕 Indices
0	0
📕 Indices CFDs
36	18
📔 ETFs
0	0
📔 ETFs CFDs
135	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
5	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
$50 trade value	Unavailable
📉 Minimum ETFs Trade Size
$50 trade value	Unavailable
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC)	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.01 Troy ounces of 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
No	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
$10 monthly after 1 year of inactivity.	Yes, 10 units of account base currency after 90 days of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
For Stocks and ETFs there is an 0.08% commission with $8 minimum.	Yes, ranging from 0.15% to 0.45% of trade value for stocks only.
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.8 Pips	Dynamic - From 1.6 Pips
📉 SP500
Dynamic - From 50 Pips	Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 35 Pips	Dynamic - From 63 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $120	Dynamic - From $505
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
No	Yes
📡 Webinars
Yes	No