LegacyFX vs IronFX

LegacyFX or IronFX – which is better for UK traders 2024? Compare LegacyFX and IronFX in this detailed breakdown of their platforms, features and fees.

LegacyFX vs IronFX Comparison Table 2024
LegacyFX IronFX
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2.5
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3.8
LegacyFX is ranked #97 among CFD brokers. IronFX is ranked #42 among CFD brokers.
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LegacyFX is a multi-asset broker offering an MT5 download & free signals. IronFX is a multi-regulated forex and CFD broker founded in 2010. This award-winning firm offers 500+ markets to over 1.5 million clients across 180 countries. Traders can access various account types with competitive pricing on the MT4 platform, as well as 24/5 customer support in 30 languages.
Pros
  • Alongside MT4, the broker continues to offer several additional services, including copy trading, a VPS solution, and PAMM/MAM accounts
  • Fixed and floating spread accounts are available, making IronFX a good choice for both beginners and experienced traders
  • Traders get access to the popular Trading Central research tool, which offers automated AI analytics and 24/7 support
  • IronFX is an established firm and is regulated by several reputable bodies, including the CySEC, FCA and FSCA
  • The broker frequently offers trading competitions with cash prizes, as well as welcome bonuses for new clients
  • The IronFX Academy delivers some excellent educational tools for beginners through to advanced traders
Cons
  • It’s a shame that the broker doesn’t offer any additional software such as MT5 or TradingView to give experienced traders more choice
  • Commissions start from $13.50 per lot in the zero-spread accounts, nearly double the industry average
  • Compared to the leading brokers, IronFX offers a relatively small selection of share CFDs
Awards
  • Best Trading Signals Provider 2021
  • Broker of the Year 2021
  • Best STP Forex Broker 2020
  • Best Forex Broker in the Middle East 2019
  • Best Online Trading Platform (2019)
  • Best Broker of the Year (2019)
  • Most Trustworthy Forex Broker Global (2019)
  • Best Online Trading & Financial Services Company (2020)
  • Best Online Forex Trading Platform (2021)
  • International Online Currency Trading Platform of the Year (2021)
  • Most Outstanding Online Trading Partners Program (2022)
FCA Regulated
Yes Yes
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks Forex, Indices, Shares, Futures, Commodities, Metals (all CFDs)
Demo Account
Yes Yes
Minimum Deposit
$500 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC, FCA, VFSC, NBRB CySEC, FCA, FSCA, BMA / Bermuda
Mobile Apps
iOS & Android Android, iOS, WebTrader
iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
Yes Yes
eSignal
No No
Trading Central
Yes Yes
STP Account
Yes Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
Yes Yes
LAMM Account
No Yes
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
The TradeCopier service allows aspiring investors to copy the strategies of top traders in real-time. The tool is a great way for beginners to learn from more experienced investors, whilst strategy providers can earn performance fees.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
3%
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • CHF
  • SGD
  • RUB
  • PLN
  • HUF
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • PLN
  • CZK
Commodities
  • Silver
  • Gold
  • Oil
  • Copper
  • Cocoa
  • Cotton
  • Corn
  • Coffee
  • Sugar
  • Wheat
  • Aluminium
  • Palladium
  • Zinc
  • Gasoline
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Soybeans
  • Sugar
  • Oil
  • Wheat
  • Natural Gas
  • Gold
  • Silver
  • Platinum
  • Palladium
CFD
Trade leveraged CFDs in a range of financial markets. IronFX’s asset list of 300+ instruments covers forex, stocks, commodities and index CFDs. Maximum leverage from 1:30 to 1:1000 is available depending on account location. Traders can access superb technical analysis features, including 30 pre-integrated indicators and 9 charting time frames.
Leverage
1:200 1:30 (FCA), 1:30 (CySEC), 1:500 (FSCA), 1:1000 (BM)
FTSE Spread
From 1.0 140
GBPUSD Spread<
From 0.5 0.8
Oil Spread
From 0.05 3
Stocks Spread
From 0.02 Variable
Forex
Trade FX pairs with tight spreads & leverage. IronFX continues to offer a strong selection of 80 currency pairs. You can trade through the market-leading MT4 platform with a range of forex market research tools. That said, commission charges in the zero-spread accounts are high, starting from $13.50 per lot.
Assets
40+ 80+
GBPUSD Spread
From 0.5 0.8
EURUSD Spread
From 0.6 0.7
EURGBP Spread
From 0.5 0.9
Cryptocurrency
Go long or short on popular cryptos against the USD and EUR
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • SOL
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
LegacyFX IronFX
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