IC Markets is better than LegacyFX.
Trying to decide between IC Markets and LegacyFX? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.
| Overall Rating | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Overall Rating | 8.0 / 10 | 6.8 / 10 | 8.2 / 10 |
| Account Type | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Standard Account | Yes | Yes | Yes |
| Mini Account | Yes | Yes | Yes |
| Micro Account | Yes | Yes | Yes |
| Islamic Account | Yes | Yes | Yes |
| Copy Trading | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | Yes | Yes |
| DupliTrade | No | No | Yes |
| ZuluTrade | Yes | No | Yes |
| Cryptocurrency | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Cryptocurrency (Physical) | No | No | No |
| Crypto Trading | No | No | No |
| Bitcoin | Yes | Yes | Yes |
| ethereum | Yes | Yes | Yes |
| Forex Trading | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| DAX | Yes | Yes | Yes |
| Dow Jones | Yes | Yes | Yes |
| FTSE | Yes | Yes | Yes |
| NASDAQ 100 | Yes | Yes | Yes |
| Nikkei | Yes | Yes | Yes |
| SP 500 | Yes | Yes | Yes |
| Investments | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Spread Betting | No | No | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agriculturals | Yes | Yes | Yes |
| ETF | Yes | No | No |
| U.S. Stocks (CFD) | Yes | Yes | Yes |
| Trading Platforms | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Android App | No | No | No |
| Apple iOS App | Yes | Yes | Yes |
| Proprietary Platform | No | No | Yes |
| Desktop Platform (Windows) | No | No | No |
| Web Platform | No | No | No |
| MetaTrader 4 (MT4) | Yes | No | Yes |
| MetaTrader 5 (MT5) | Yes | Yes | Yes |
| Regulatory Licenses | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Tier-1 Licenses | 1 | 1 | 4 |
| ASIC Authorised (Australia) | Yes | No | Yes |
| IIROC Authorised (Canada) | No | No | Yes |
| FCA Authorised (U.K.) | No | Yes | No |
| SFC Authorised (Hong Kong) | No | No | No |
| MAS Authorised (Singapore) | No | No | No |
| FINMA Authorised (Switzerland) | No | No | No |
| CFTC Registered (USA) | No | No | No |
| Tier-2 Licenses | 1 | 1 | 3 |
| Tier-3 Licenses | 1 | 0 | 1 |
| Research, Education | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Trading Central (Recognia) | Yes | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No | Yes |
| Daily Market Commentary | Yes | Yes | Yes |
| Autochartist | Yes | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Videos - Beginner Trading Videos | No | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Trading Costs | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Minimum Deposit | $200 | $500 | $100 |
| Average Spread EUR/USD - Standard | 0.62 (August 2021) | 0 | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.62 (August 2021) | 0 | 0.61 (Aug 2020) |
| Active Trader or VIP Discounts | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No | Yes |
| Trading Tools | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Watchlists - Total Fields | 7 | 7 | 6 |
| Mobile Watchlist | Yes | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 | 90 |
| Mobile Charting - Indicators / Studies (INTL) | 30 | 30 | 73 |
| Trust Factors | IC Markets | LegacyFX | AvaTrade |
|---|---|---|---|
| Year Founded | 2007 | 2012 | 2006 |
| Publicly Traded (Listed) | No | No | No |
| Bank | No | No | No |
| Authorised in European Union | No | Yes | Yes |
| Trust Score | 86 | 75 | 93 |
