LegacyFX vs Saxo Bank

LegacyFX vs Saxo Bank Comparison Table 2022
LegacyFX Saxo Bank
LegacyFX is a multi-asset broker offering an MT5 download & free signals. A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Bonus
None None
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$500 $10000
Payment Methods
Neteller, Skrill, Visa Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
0.01 lots Vary by asset
Regulator
CySEC, FCA, VFSC, NBRB DFSA, MAS, FCA, SFC
Margin Trading
No No
MetaTrader 4
No No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
- No
Robo Advisor
- No
Negative Balance Protection
- No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes -
Trade Signals
Yes Yes
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No No
Copy Trading
No No
Islamic Account
Yes Yes
Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
Trade CFDs in a range of financial markets.
Leverage
1:200 1:30
FTSE Spread
2 1.2 pts (Variable)
GBPUSD Spread
1.5 0.7 (var)
Oil Spread
0.13 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
Trade FX pairs with tight spreads & leverage.
GBPUSD Spread
1.5 0.7 (varies by region)
EURUSD Spread
1.6 0.2 (varies by region)
EURGBP Spread
1.5 0.6 (varies by region)
Assets
40+ 40+
Cryptocurrency
Trade popular cryptos against the USD. Crypto trading not offered
Spread
Variable
Coins
BTC, LTC, ETH, XRP
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
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