LegacyFX vs Avatrade

LegacyFX vs AvaTrade Comparison Table 2023
LegacyFX	AvaTrade
Review 2.5	Review 4.9
Traders from US not accepted	Traders from US not accepted
LegacyFX is a multi-asset broker offering an MT5 download & free signals.	Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries.
Bonus Offer
	Welcome bonus 20% up to 10.000$
Promotions
Earn Rewards When You Trade With The LegacyFX Loyalty Program
Comment by Reviewer
	"AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders."
Pros
	Regulated, award-winning, established and safe Superior trading platforms including MetaTrader Great educational and research resources Low spreads and zero commissions Expert Advisors (EAs) supported Plenty of free payment methods AvaSocial app for copy trading Easy and fast to get started Excellent customer support
Cons
	Some withdrawal methods are slow Inactivity fee after three months
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 Overall Broker 2022 - DayTrading.com Best Trading App 2021 - DayTrading.com Best Forex Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks	Stocks, Options, CFD, Forex, Crypto, Volatility Index
Demo Account
Yes	Yes
Minimum Deposit
$500	$100
Payment Methods
Bitcoin Payments Giropay iDeal Klarna Mastercard Neteller PayRedeem Perfect Money Skrill Visa Wire Transfer	Boleto Credit Card Debit Card FasaPay JCB Card Mastercard MoneyGram Neteller Perfect Money Skrill Swift WebMoney Western Union Wire Transfer
Minimum Trade
0.01 lots	$.01
Regulator
CySEC, FCA, VFSC, NBRB	CBoI, ASIC, FSA, FSCA, FSB
Margin Trading
Yes	Yes
MetaTrader 4
No	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
Yes	Yes
STP Account
Yes	Yes
ECN Account
No	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
Yes	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
Yes	Yes
Mobile Apps
iOS & Android	iOS and Android
Auto Trading
EAs on MT5	Avatrader make auto trading easy with API integration into numerous platforms including MetaTrader4, Duplitrade and MQL5
Copy Trading
No	Yes
Copy Trading Platform
	AvaTrade not only offers a proprietary platform, but also a selection of social and copy trading systems, including its own AvaSocial app, along with MetaTrader suites. There is also the popular web-based platforms, DupliTrade and ZuluTrade, which are both easy-to-use and suit novices and experts alike.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY ZAR CHF SGD RUB PLN HUF	USD EUR GBP CAD AUD
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group London Stock Exchange Nasdaq	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext Hang Seng IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq Russell 2000 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Oil Palladium Silver Sugar Wheat Zinc	Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Natural Gas Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Trade leveraged CFDs in a range of financial markets.	AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment.
Leverage
1:200	1:400
FTSE Spread
From 1.0	0.5 pt
GBPUSD Spread
From 0.5	1.0 var
Oil Spread
From 0.05	0.02
Stocks Spread
From 0.02	0.13 Abv Market
Forex Trading
Trade FX pairs with tight spreads & leverage.	AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions.
Forex App
	AvaTrade provide AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today.
GBPUSD Spread
From 0.5	1.0 var
EURUSD Spread
From 0.6	0.7 var
EURGBP Spread
From 0.5	1.7 var
Assets
40+	50+
Currency Indices
	USD
Cryptocurrency
Go long or short on popular cryptos against the USD and EUR	Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada]
Spread
Variable	BTC 1% ETH 2%
Coins
BTC LTC ETH XRP SOL BNB	BCH BTC BTG ETH LTC XRP EOS DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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