LegacyFX versus XM

LegacyFX is an expensive MT5 broker for deposits below $25,000+ for most traders, but its swap-free offer makes it a niche player for medium-to-long-term strategies. The account structure is unnecessarily complex and deploys a backward approach, denying beginner services they could benefit from and granting them to traders who do not need them.

XM established itself as a dominant retail broker, catering to 5M+ traders from 190 countries. Upgraded MT4/MT5 trading platforms, a low-cost commission-free Forex pricing environment, and a well-balanced choice of trading instruments create a competitive offer for all traders. Low minimum deposit requirements, high leverage, and excellent order execution add to the competitive edge XM maintains.

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

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

Features and Platforms

Features & Platforms	XM (visit site)	LegacyFX (visit site)
Headquarter:	Belize	Vanuatu
Established :	2009	2017
Retail Loss Rate:	75.59%	Undisclosed
Regulation:
Minimum Deposit:	$5	$500
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee	$5 monthly after 90 days	$10 monthly after 90 days
Deposit Fee:	Third-Party	Third-Party
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	25+	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:	Low trading costs	Swap-free trading
Unique Feature Two:	Excellent order execution	Autochartist
Broker Offers:	See what XM offers	See what LegacyFX offers

Noteworthy:

Educational content and research exist at both brokers, but XM delivers superior quality versus LegacyFX, which favors quantity. LegacyFX offers a Guardian Angel service and PAMM accounts. XM rewards high-frequency traders with generous incentives.

Available Markets

XM provides traders with a well-balanced asset selection focused on equities, which account for the bulk of its 1,000+ trading instruments. Traders can achieve advanced cross-asset diversification at XM, catering to all level traders. LegacyFX covers the same sectors as XM but maintains significantly fewer assets, sufficient for beginners and focused trading strategies.

Typical Spreads and Fees

Trading costs at LegacyFX start from 1.5 pips or $15.00 per lot and drop to 0.6 pips or $6.00 for $25,000+ deposits. XM offers 0.6 pips or $6.00 to traders with deposits from $5. Traders should consider the swap-free trading conditions at LegacyFX to determine how they impact their strategies and final costs.