FAB Securities
LegacyFX
FAB Securities vs LegacyFX
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FAB Securities and LegacyFX are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FAB Securities, founded in 1985 and headquartered in Abu Dhabi, UAE, is regulated by SCA and offers spreads starting from 1.5 pips with a minimum deposit of $2000. LegacyFX, established in 2017 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.8 pips and a $500 minimum deposit. In our hands-on testing across 8 scoring categories, FAB Securities scored 7.1/10 overall compared to LegacyFX's 7.1/10, making it the stronger pick for most traders. That said, LegacyFX holds its own with lower trading costs, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FAB Securities scores 7.1/10 overall vs 7.1/10 for LegacyFX — a 0.0-point difference.
- 💵
LegacyFX requires just $500 to start, while FAB Securities needs $2000 — LegacyFX is 4x more accessible.
- 🛡️
LegacyFX holds Tier 1 regulation (CySEC) offering stronger investor protection than FAB Securities's Tier 2 status.
- 📈
FAB Securities offers 800+ instruments vs 200+ at LegacyFX — a massive gap in market coverage.
- 🖥️
FAB Securities runs on FAB Trading Platform, Mobile App, while LegacyFX uses MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: LegacyFX scores 7.0 vs 5.5 for FAB Securities — a 1.5-point difference.
Our Verdict
FAB Securities
Score: 7.1/10 · Wins 5 categories- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
LegacyFX
Score: 7.1/10 · Wins 1 categories- You want lower spreads and trading fees
- You prefer a low minimum deposit ($500)
- You prefer LegacyFX's trading environment overall
FAB Securities takes the lead with an overall score of 7.1/10 compared to 7.1/10, winning in 5 out of 8 scoring categories. FAB Securities stands out for stronger regulation and better customer support, while LegacyFX fights back with lower trading costs.
Detailed Verdict
After testing both brokers with real accounts, FAB Securities comes out ahead with a 7.1/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 8.5/10. FAB Securities holds Tier 2 regulation, which provides solid regulatory oversight and fund protection. LegacyFX is not without merit — it scores 7.1/10 overall and excels in Regulation & Trust (7.5/10), winning 1 category. Traders who value lower trading costs may find LegacyFX the better fit. For a complete breakdown, read our full FAB Securities review and LegacyFX review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
LegacyFX wins by 1.5 points
FAB Securities wins by 1.0 points
FAB Securities wins by 0.5 points
FAB Securities wins by 1.5 points
FAB Securities wins by 0.5 points
FAB Securities wins by 1.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.1/10 ✓ | 7.1/10 ✓ |
| Min Deposit Lower is better | $2000 | $500 ✓ |
| Max Leverage | 1:10 | 1:30 |
| Spreads From | 1.5 pips | 0.8 pips |
| Platforms | FAB Trading Platform, Mobile App | MT5 |
| Regulation | SCA | CySEC |
| Founded Older track record highlighted | 1985 ✓ | 2017 |
| Markets | 800+ ✓ | 200+ |
Fees & Costs
When it comes to trading costs, LegacyFX has the edge with a score of 7/10 versus 5.5/10 for FAB Securities. FAB Securities offers spreads starting from 1.5 pips, while LegacyFX starts from 0.8 pips. The minimum deposit at FAB Securities is $2000, compared to $500 at LegacyFX. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FAB Securities scores 7/10 for platforms compared to 7/10 for LegacyFX. FAB Securities provides FAB Trading Platform, Mobile App, while LegacyFX offers MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FAB Securities is regulated by SCA (Tier 2), while LegacyFX holds licenses from CySEC (Tier 1). FAB Securities scores 8.5/10 and LegacyFX scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FAB Securities leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FAB Securities and LegacyFX both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FAB Securities offers 24/5 Live Chat, Email, Phone, Branch and scores 8/10, while LegacyFX provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FAB Securities scores 7.5/10 for deposits and withdrawals, while LegacyFX scores 7/10. FAB Securities accepts Bank Transfer, FAB Account Transfer, and LegacyFX supports Bank Transfer, Credit Card, Debit Card, Skrill, Neteller, Bitcoin. Processing times, fees, and available currencies vary. FAB Securities requires a minimum deposit of $2000 versus $500 for LegacyFX. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FAB Securities if you...
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
Choose LegacyFX if you...
- You want lower spreads and trading fees
- You prefer a low minimum deposit ($500)
- You prefer LegacyFX's trading environment overall
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is FAB Securities better than LegacyFX?
FAB Securities scores higher overall (7.1/10 vs 7.1/10), winning 5 of 8 categories. However, LegacyFX is stronger in lower trading costs. The best choice depends on what matters most to your trading style.
Which has lower fees, FAB Securities or LegacyFX?
LegacyFX scores higher for trading costs. FAB Securities offers spreads from 1.5 pips with a $2000 minimum deposit, while LegacyFX starts from 0.8 pips with $500 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FAB Securities safe to trade with?
FAB Securities is regulated by SCA and scores 8.5/10 for regulation. LegacyFX is regulated by CySEC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FAB Securities or LegacyFX?
FAB Securities scores 7/10 for platforms. FAB Securities offers FAB Trading Platform, Mobile App, while LegacyFX provides MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FAB Securities vs LegacyFX?
FAB Securities requires a minimum deposit of $2000, while LegacyFX requires $500. LegacyFX has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.