Compare forex brokers LegacyFX VS Gftrade

If you're choosing between LegacyFX and Gftrade 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 Gftrade? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

LEGACYFX VS GFTRADE

GFTrade
GFTrade Overview

GFTrade is a global Forex and CFD broker that is primarily based in Singapore as well as St.Vincent and Grenadines. It is regulated by the FSA and offers low entry for minimum capital requirements, as well as low spreads on the trading of 60 assets across currencies, metals, cryptos, indices, energies and stocks.

LegacyFX
LegacyFX Overview

LegacyFX is an online forex and CFD broker located in Cyprus. It offers forex, stocks, indices and commodities for trading on the MT5 platform.

# Broker's Features LEGACYFX Availability GFTRADE 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 Gftrade.

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 Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, while Gftrade offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. LegacyFX is STP, while Gftrade is DMA, ECN, No dealing desk, 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. LegacyFX recommended minimum capital is 500, while Gftrade has a Minimum Deposit Requirement of .

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 Gftrade regulated by FSA. 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 Gftrade offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. LegacyFX offers English, Spanish, Italian, German, while Gftrade offers Chinese, English, German, Hindi, Indonesian, Itali Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. LegacyFX offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types, while Gftrade offers bitcoin, Credit/Debit Cards, FasaPay, Neteller, Skrill, Union Pay payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LegacyFX makes MT5 available to clients, while Gftrade offers MT4.

The Verdict: LegacyFX or Gftrade?

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. 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. LegacyFX 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. 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.

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