Compare forex brokers FXPRIMUS VS Legacyfx

If you're choosing between FXPRIMUS and Legacyfx forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FXPRIMUS better than Legacyfx? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FXPRIMUS VS LEGACYFX

FXPRIMUS
FXPRIMUS Overview

FX Primus is an award-winning international broker that offers more than just forex trading. The firm is established in the Republic of Mauritius and is regulated by the Financial Services Commission of New Zealand. FX Primus is a retail broker that offer expanded services such as white label and concierge accounts, marketing and even back office support for individuals who want to approach trading as a business.

In addition to forex, FX Primus also offers trading in contract for differences (CFD) instruments such as precious metals, energies, financial index products, and even equity securities that trade on the New York, NASDAQ and Hong Kong markets. Traders can choose between fixed and variable spreads that are competitive with those offered by other retail brokers. Premier spreads are similar to those enjoyed by institutional traders who are on Electronic Communication Networks, and they are available to FX Primus traders whose accounts reflect a certain balance and levels of trading activity.

LegacyFX
LegacyFX Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this LegacyFX broker review.

LegacyFX has been providing brokerage services since 2017. The MiFID-compliant broker is regulated by CySEC and the National Bank of the Republic of Belarus. Originally founded in 2012, LegacyFX rebranded and relaunched its services under new management in 2017. Presently, LegacyFX is owned and operated by “A.N. All New Investments Ltd”, a financial investment firm, based in Larnaca, Cyprus. The brand provides currency pairs, metals, commodities, stocks and indices for trading on its platform across multiple devices.

# Broker's Features FXPRIMUS Availability LEGACYFX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FXPRIMUS vs Legacyfx.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FXPRIMUS offers Online Financial Trading and Investment Services Such as Commodities, Metals, Oil, Gold, Indices, while Legacyfx offers Forex, CFDs on Indices, Commodities, Metals, Crypt.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FXPRIMUS is STP, while Legacyfx is STP.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FXPRIMUS recommended minimum capital is , while Legacyfx has a Minimum Deposit Requirement of 500.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FXPRIMUS is regulated by CySEC, while Legacyfx regulated by CySEC, BaFin, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FXPRIMUS offers USD, EUR, GBP, AUD, SGD different account currencies for each account types, while Legacyfx offers UDS, EUR, GBP account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FXPRIMUS offers English, French, Spanish, German, Russian, Italian, while Legacyfx offers English, Spanish, Italian, German Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FXPRIMUS offers Bankwire, Moneybookers different payment methods for each account types, while Legacyfx offers E-wallets (Neteller, Skrill and more), wire transf payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FXPRIMUS makes MetaTrader4, FXPRIMUS WebTrader, iPhone, iPad available to clients, while Legacyfx offers MetaTrader5.

The Verdict: FXPRIMUS or Legacyfx?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Legacyfx is more reliable based on our criteria above. Only Legacyfx offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Legacyfx broker is regulated in more major hubs. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. Legacyfx broker offers lower minimum deposit requirement.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.