PrimeXBT vs LegacyFX
PrimeXBT or LegacyFX – which is better for UK traders 2024? Compare PrimeXBT and LegacyFX in this detailed breakdown of their platforms, features and fees.
PrimeXBT | LegacyFX |
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PrimeXBT is ranked #34 among CFD brokers. | LegacyFX is ranked #97 among CFD brokers. |
PrimeXBT is a multi-asset platform offering highly leveraged trading in forex, indices, commodities and cryptocurrencies. The company launched in 2018 and now has over 1 million users from more than 150 countries. With no minimum deposit, copy trading features and low commissions, the broker remains a popular option among crypto trading novices. | LegacyFX is a multi-asset broker offering an MT5 download & free signals. |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
CFDs, Cryptos, Forex, Indices, Commodities, Futures | Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $500 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
CySEC, FCA, VFSC, NBRB | |
Mobile Apps | |
iOS & Android | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
No | Yes |
STP Account | |
No | Yes |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Yes | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | No |
Copy Trading Platform | |
PrimeXBT offers a decent copy trading service where traders can follow the strategies of other users with free and paid-for signals. Once you have found a suitable strategy provider, you simply need to hit ‘follow’ to get started. | |
Social Trading | |
Yes | No |
Trade Signals | |
No | Yes |
VPS Hosting | |
No | No |
Tournaments | |
Yes | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
PrimeXBT offers CFDs across four asset classes with very high leverage up to 1:1000. Beginners can also take advantage of the broker’s useful technical analysis guides and CFD education, plus 24/7 in-platform support via live chat. | Trade leveraged CFDs in a range of financial markets. |
Leverage | |
1:1000 | 1:200 |
FTSE Spread | |
Variable | From 1.0 |
GBPUSD Spread< | |
Variable | From 0.5 |
Oil Spread | |
Variable | From 0.05 |
Stocks Spread | |
Variable | From 0.02 |
Forex | |
PrimeXBT offers 50 forex pairs, which is above the industry average and covers a good range of majors, minors and exotics. Traders can enjoy trading via margin with zero commissions. Additionally, the broker’s copy trading service allows you to explore various currency trading strategies. | Trade FX pairs with tight spreads & leverage. |
Assets | |
45+ | 40+ |
GBPUSD Spread | |
Variable | From 0.5 |
EURUSD Spread | |
Variable | From 0.6 |
EURGBP Spread | |
Variable | From 0.5 |
Cryptocurrency | |
Traders can speculate on popular cryptos with commissions as low as 0.05% and high leverage up to 1:200. Additionally, the broker continues to improve its offering by introducing crypto futures as well as trading contests with real prizes. | Go long or short on popular cryptos against the USD and EUR |
Spread | |
0.05% BTC, 0.05% ETH | Variable |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
PrimeXBT | LegacyFX |
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