Compare forex brokers LegacyFX VS Exness

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

LEGACYFX VS EXNESS

Exness
Exness 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 Exness broker review.

Exness was founded by a group of like-minded professionals in the area of finance and information technology in 2008. It soon became one of the world’s leading online forex brokers and became known for some of the industry’s best trading conditions, including the ability to trade with unlimited leverage. Exness’ mission is to deliver a reliable, trustworthy and customer-focused trading experience, in a transparent and secure environment.

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 LEGACYFX Availability EXNESS 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 LegacyFX vs Exness.

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. LegacyFX offers Online Financial Trading and Investment Services Such as Forex, CFDs on Indices, Commodities, Metals, Crypt, while Exness offers CFDs on metals, cryptocurrencies.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. LegacyFX is STP, while Exness is ECN, Market Maker, NDD.

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. LegacyFX recommended minimum capital is 500, while Exness has a Minimum Deposit Requirement of 1.

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. LegacyFX is regulated by CySEC, BaFin, FCA, while Exness regulated by CySEC, 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. LegacyFX offers UDS, EUR, GBP different account currencies for each account types, while Exness offers More than 80, including EUR, USD, GBP. Free metal- account currencies.

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

Payment methods: Next lets have a look at each broker's payment options. LegacyFX offers E-wallets (Neteller, Skrill and more), wire transf different payment methods for each account types, while Exness offers Bank cards, Neteller, Skrill, and other local and payment methods.

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

The Verdict: LegacyFX or Exness?

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

Objectively, Exness is more reliable based on our criteria above. Exness has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Exness offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Exness offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Exness has a wider range of languages in which customer service is offered making the broker more accessible.

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.