LegacyFX Alternatives

Category: Broker Guides | Author: Trading Brokers | Date: July 16, 2023

LegacyFX is a well-known online broker that offers trading services in various financial markets, including forex, commodities, indices, and cryptocurrencies. While LegacyFX provides a range of trading features and platforms, traders may also be interested in exploring alternative brokers that can offer similar or even enhanced trading experiences. In this article, we will discuss some notable alternatives to LegacyFX, highlighting their unique features, regulatory status, and trading offerings. Whether you are a beginner or an experienced trader, these alternatives can provide you with a diverse range of options to consider for your trading journey.

Overview of LegacyFX

LegacyFX is a reputable Forex trading company that prioritizes transparency and client satisfaction. With its establishment in 2013 and subsequent acquisition of the CySEC license in 2017, LegacyFX ensures compliance with regulatory standards for trading within the European Union. Additionally, it is registered with BaFin in Germany and the FCA in the United Kingdom, further bolstering its credibility and commitment to regulatory oversight.

As a MetaTrader 5 (MT5) broker, LegacyFX offers a diverse range of CFD markets and forex pairs for traders to engage with. While it may not boast an extensive selection compared to some other brokers, LegacyFX focuses on maintaining quality over quantity. The company places a strong emphasis on providing a solid foundation of research tools and resources, ensuring traders have access to comprehensive market analysis and insights. Furthermore, LegacyFX offers investor education content that is in line with industry standards, empowering traders of all levels with the knowledge and skills needed to make informed trading decisions.

When it comes to trading experience, LegacyFX prioritizes security and convenience. Traders can enjoy a secure trading environment on well-known platforms such as MetaTrader 4 (MT4), Sirix, and Mobile. These platforms provide a user-friendly interface and a wide range of trading features to enhance the trading experience. Whether traders prefer desktop trading or the flexibility of mobile trading, LegacyFX caters to their needs.

LegacyFX Logo

LegacyFX is a regulated trading broker with a competitive range of trading products and services, including CFD trading via the powerful MetaTrader 5 platform. They have a decent selection of account types, funding options, trading instruments, educational materials and robust trading tools to asset with your market analysis.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

List of Top LegacyFX Alternatives

Looking for alternatives to LegacyFX? Explore these top picks to discover your perfect fit and take your trading journey to new heights.

IC Markets

IC Markets is a top-notch alternative to LegacyFX, catering to algorithmic traders and scalpers. With a strong focus on providing excellent trading conditions, IC Markets offers competitive pricing, high leverage, low latency connectivity, and superior liquidity. Traders can benefit from their world-class education online library, equipping them with the knowledge and tools to enhance their trading strategies. Additionally, IC Markets stands out with its easy-to-use copy trading platform, allowing traders to follow the successful strategies of experienced traders. The broker’s commitment to delivering a seamless trading experience makes it a preferred choice for traders seeking optimal trading conditions and reliable support.

IC Markets Logo

IC Markets is the world’s largest true ECN trading broker offering over 2,000 trading instruments across multiple markets on the most popular trading platforms. They are a multi-regulated broker with deep liquidity pools that can provide you with rapid trade execution speeds, low spreads, low commission fees, various funding options and 24/7 support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Pepperstone, another exceptional alternative, is a reputable forex and CFD broker regulated by multiple top-tier authorities, including the FCA, BaFin, and ASIC. One of the key strengths of Pepperstone lies in its lightning-fast and efficient account opening process, ensuring a hassle-free start to your trading journey. With a strong emphasis on customer service, Pepperstone provides prompt and relevant support, empowering traders with timely assistance when needed. Competitive FX spreads and a range of user-friendly interfaces further enhance the trading experience, catering to both new and experienced traders. Although guaranteed stop-loss orders are not offered, Pepperstone’s overall package of competitive pricing, user-friendly platforms, and excellent customer service positions it as an excellent alternative to LegacyFX.

Pepperstone Logo

Pepperstone are one of the largest brokers providing traders worldwide access to trade across all of the major global markets with cutting edge technology, modern platforms, low costs, high speed execution, convenient funding options and award-winning customer service.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


Forex.com, a global FX and CFD broker with a solid reputation established since 2001, stands as a strong contender among LegacyFX alternatives. Regulated by top-tier authorities such as the FCA and ASIC, Forex.com offers a wide range of markets with competitive pricing on over 300 instruments. Traders can access a wealth of educational resources including webinars, videos, research tools, and market analysis, enabling them to stay informed and make well-informed trading decisions. With an emphasis on providing a comprehensive trading experience, Forex.com’s robust platform, combined with its extensive educational offerings, positions it as a reliable and trusted alternative for traders seeking a diverse range of trading options.

Forex.com Logo

Since 2001, Forex.com has been providing traders around the globe with industry leading trading conditions including user-friendly platforms, tight spreads, low commission fees, rapid trade execution speeds. The broker is regulated in multiple jurisdictions and has a huge selection of trading instruments, powerful tools and educational materials.

69% of retail investor accounts lose money when trading CFDs with this provider.

City Index

City Index, a globally recognized CFD and FX broker established in 1983, is an attractive alternative to LegacyFX. Regulated by top-tier authorities such as the FCA and ASIC, City Index offers access to over 12,000 markets worldwide, providing traders with a wide range of trading opportunities. Alongside its extensive market coverage, City Index equips traders with a range of educational resources including webinars, videos, research tools, and market analysis, empowering them to deepen their market understanding. With a long-standing reputation and a commitment to delivering a seamless trading experience, City Index is a reliable choice for traders seeking a comprehensive suite of trading options.

City Index Logo

City Index is a one of the world’s leading trading brokers offering thousands of financial instruments to traders worldwide. They have many years of experience, offering fast and reliable trade execution speeds, tight spreads and award-winning trading platforms.

69% of retail investor accounts lose money when trading CFDs with this provider.


In conclusion, when exploring alternatives to LegacyFX, traders have a range of reputable options to consider. IC Markets stands out as a prime choice for algorithmic traders and scalpers, offering competitive trading costs and advanced educational resources. Pepperstone excels with its efficient account opening process, competitive pricing, and reliable customer support. Forex.com impresses with its comprehensive range of markets, educational resources, and quality research tools. City Index provides a wide selection of markets and educational materials. Traders can confidently explore these alternatives, each with its unique features and strengths, to find the best fit for their trading needs.

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