LegacyFX vs XM

LegacyFX vs XM Comparison Table 2023
LegacyFX XM
WINNER
XM is the better broker
Not Yet Rated
4.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

LegacyFX is a multi-asset broker offering an MT5 download & free signals.

XM.com offers a range of account types and a $5 minimum deposit to appeal to all levels of trader. With 1000+ markets and low variable spreads XM.com provides an excellent trading experience.

Awards
  • Best Trading Signals Provider 2021
  • Broker of the Year 2021
  • Best STP Forex Broker 2020
  • Best Forex Broker in the Middle East 2019
  • The Best Crypto CFDs 2022 - Financial Expo Egypt
  • Best FX Service Provider 2022 - City of London Wealth Management Awards
  • Best MT4/MT5 Broker 2021 - DayTrading.com
  • Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards
  • Best Trading Experience 2021 - Ultimate Fintech
  • Best FX Service Provider 2021 - City of London Wealth Management Awards
  • Best Broker in Customer Service 2020 - FX168
  • Best Customer Service Experience 2020 – Global Business Awards
  • Global Forex Broker of the Year 2020 - Global Forex Awards
  • Best FX Service Provider for 2020 - City of London Wealth Management Awards
Promotions

Reverse Losing Trades With LegacyFX Safe Mode

Earn Rewards When You Trade With The LegacyFX Loyalty Program

Improve The Speed & Reliability Of Your Trades With The XM VPS

Bonus
Free VPN Services
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, stocks Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks
Demo Account
Yes Yes
Minimum Deposit
$500 5 $/€/£
Payment Methods
Multiple local payment methods available
Minimum Trade
0.01 lots 0.01 Micro lots
Regulator
CySEC, FCA, VFSC, NBRB IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI
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 No
STP Account
Yes No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
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 Yes
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
iOS & Android iOS, Android & Windows
Auto Trading
EAs on MT5 Yes (EAs)
Copy Trading
No Yes
Copy Trading Platform
XM offers over 1,000 instruments and copy trading on MT4 and MT5. Although you may not get the same interactive feel as some of the proprietary platforms, the MetaTrader platforms will not disappoint in terms of their advanced trading features and tools, including MQL5 signals.
Social Trading
No No
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
  • JPY
  • ZAR
  • CHF
  • PLN
Stock Exchanges
Commodities
CFD Trading
Trade leveraged CFDs in a range of financial markets. Leveraged CFD trading via several live accounts with signals and tight spreads available.
Leverage
1:200 1:500
FTSE Spread
From 1.0 1.5 pts (var)
GBPUSD Spread<
From 0.5 2.1 (var)
Oil Spread
From 0.05 0.05 (var)
Stocks Spread
From 0.02 0.1% (var)
Forex Trading
Trade FX pairs with tight spreads & leverage. XM.com deliver ultra low spreads across a range of forex markets. Flexible lot sizes while Micro and Zero accounts accommodate every level of trader.
Forex App

XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.

GBPUSD Spread
From 0.5 2.1 pips (var)
EURUSD Spread
From 0.6 1.6 pips (var)
EURGBP Spread
From 0.5 2 pips (var)
Assets
40+ 55+
Cryptocurrency
Go long or short on popular cryptos against the USD and EUR
Spread
Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • SOL
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
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