LegacyFX versus AvaTrade

LegacyFX offers the MT5 trading platform, ignoring the well-established MT4 infrastructure, and deploys an unnecessarily complex account structure with a backward philosophy. PAMM accounts are available, but trading costs are high unless traders deposit $25,000+.

AvaTrade features a broad choice of trading platforms. Besides MT4/MT5, supportive of algorithmic trading and upgraded via the Trading Central plugin, it developed its proprietary WebTrader, its mobile app AvaTradeGO, and Ava Option. The proprietary Ava Social caters to copy traders alongside ZuluTrade and DupliTrade. AvaTrade provides equal access to its trading environment for a deposit of $100.

Beginner traders get an industry-leading product via AvaTrade SharpTrader, while LegacyFX offers high-quantity, low-quality educational content.

I have conducted an in-depth review of LegacyFX and AvaTrade to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• LegacyFX versus AvaTrade - Verdict

Features and Platforms

Features & Platforms	AvaTrade (visit site)	LegacyFX (visit site)
Headquarter:	Ireland	Vanuatu
Established :	2007	2017
Retail Loss Rate:	71.00%	Undisclosed
Regulation:
Minimum Deposit:	$100	$500
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	$50 after three months, recurring	$10 monthly after 90 days
Deposit Fee:	Third-Party	Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	5	7
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Excellent educational service	Swap-free trading
Unique Feature Two:	Well-balanced asset selection	Autochartist
Broker Offers:	See what AvaTrade offers	See what LegacyFX offers

Noteworthy:

LegacyFX offers swap-free trading on all accounts, making it a notably cheaper broker for leveraged traders who maintain open positions for several days or weeks. Both brokers feature a Guardian Angel service, superior at AvaTrade.

Available Markets

LegacyFX covers most sectors but has insufficient trading instruments in each. They suffice for beginners to get acquainted with the market, and for focused trading strategies that require fewer assets. AvaTrade maintains a well-balanced asset selection focused on equity trading with cross-asset diversification. It also supports complex strategies using options, making it an overall better choice.

Typical Spreads and Fees

LegacyFX’s trading costs are unacceptably high, commencing from 1.5 pips or $15.00 per lot, making them unsuitable for scalpers and day traders. Deposits above $25,000 qualify for a reduction to 0.6 pips or $6.00, which competitive brokers offer all clients. Ava counters with acceptable trading costs ranking it in the mid-section of the market.