LegacyFX is a regulated broker immolation forex and CFD trading, as well as free request signals. This review uncovers the enrollment and login process, minimum deposits, rally accounts, spreads, and more. Find out if LegacyFX is a legal and safe broker.
LegacyFX Company Details
Established in 2017, LegacyFX is registered in Vanuatu and regulated by the Vanuatu Financial Services Commission (VFSC). It’s also regulated by CySec (Cyprus) and NBRB.
The brokerage is possessed by its EU reality,A.N. Allnew Investments Ltd, which is authorised by several European controllers, including the CySEC (Cyprus), FCA (UK), and BaFIN (Germany).
The broker offers over 200 fiscal instruments including FX, goods, cryptos, stocks, and indicators. New and endured dealers also profit from a selection of free trading tools and educational coffers.
MetaTrader 5 Platform
LegacyFX offers both the web- grounded and downloadable desktop performances of MT5, the successor to the popular MT4. The software complements all situations of experience but is a particular favourite among advanced dealers.
- Over 80 pointers and graphical tools
- Depth of Request view and profitable feed
- One-click trading function with rapid-fire prosecution
- Literal data centre and fast EA strategy tester
- Multiple time- frames, ranging from one nanosecond to one month
Head to the broker’s website to download MT5 onto Windows or Mac PCs. Alternately, you can pierce the WebTrader straight form your internet cybersurfer.
LegacyFX provides over 200 instruments in several asset classes
- Forex – 40 majors, minors, and exotics
- Indicators – 12 major and minor global indicators
- Precious Essence – 7 essence including gold and tableware
- Cryptocurrencies – Bitcoin, Ethereum, Litecoin, and Ripple
- Goods – 11 husbandry, energy, and other goods
- Stocks – Dozens of global equities from Germany, the USA, the UK, and more
Spreads & Commission
Dealers can choose between fixed or variable spread accounts. Variable spreads for major forex dyads similar as EUR/ USD launch at1.6 pips with the Tableware account. Spreads get tighter with the Gold and Platinum accounts, going down to0.6 pips. Fixed spreads are around 3 pips for EUR/ USD with the Tableware account.
All means are commission-free, except for stocks where charges range from0.15 to0.45 depending on the account.
Influence varies from 15 to 1200 depending on the asset traded
- Stocks – 15
- Forex – 1200
- Essence – 1100
- Indicators – 1100
- Goods – 1100
- Cryptocurrencies – 15
Periphery conditions are listed on the Trading Conditions runner but range from0.5 to 20.
LegacyFX offerscross-platform trading with the accessible MT5 mobile app. Dealers can manage open positions, access interactive charting tools, and view full trading history on-the- go. You can also stay informed with the rearmost request news with the profitable timetable and take advantage of optimised strategies for expert counsels.
The MT5 mobile app is easy to download onto iPhone (iOS) and Android (APK) smart bias and receives positive online conditions for its stoner-friendly design. On the strike, mobile trading is only available to Platinum account holders.
Deposits can be made via several fast and figure-free styles. Processing times vary
- Neteller – Instant
- Skrill – Up to 30 twinkles
- Line transfer – 1 – 3 days
- Visa/ Mastercard – Instant
- Bitcoin – Up to a many hours
- MyFatoorah – Up to a many hours
Recessions take 3 – 5 business days to reuse. There’s a 150 minimum pullout quantum in the chosen currency for bank transfers and no minimum for other styles. LegacyFX doesn’t charge any check freights for recessions but they do pass any fresh costs onto the customer.
The MT5 rally account is available for new dealers who wish to browse the platform and familiarise themselves with trading tools and ways. The account is equipped with$ in virtual finances and is available for 1 month.
Lagniappes & Promos
Piecemeal from its referral program, Heritage FX doesn’t offer any perk deals or elevations at this time. You can check the website and social media runners for news of any unborn no deposit lagniappes and rebate deals.
LegacyFX is regulated by the Vanuatu Financial Services Commission (VFSC) under license number 14579. The holding company,A.N. Allnew Investments Limited, is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number344/17. The company also holds licenses with the Financial Conduct Authority (FCA) in the UK and the Federal Financial Supervisory Authority (BaFIN) of Germany.
As per nonsupervisory conditions, the broker submits yearly fiscal reports to an external account establishment. Negative balance protection is also in place and the broker ensures that all customer finances are insulated at famed banks.
LegacyFX offers a decent selection of educational coffers for all experience situations, including courses,e-books, videotape tutorials, and request news. Practical tools include an profitable timetable, FX calculators, and the AutoChartist plugin for MT5.
The broker also provides live signals and the TradingView gate, conforming of real- time maps, abecedarian data, and crypto request contraptions.
New guests can also profit from the broker’s Safe Mode program, where you can undo losing trades. Details can be plant in the program terms and conditions.
There are 4 account types available at LegacyFX Silver, Gold, Platinum, and Personality. As anticipated, you’ll see an increase in minimal deposit conditions as well as tighter spreads as you move up the accounts.
The minimal deposit with the Tableware account is$ 500, which is rather high compared to other brokers. The smallest spreads in this account also start from1.6 pips, which again isn’t veritably competitive in comparison to other options.
The accounts offer all the same introductory features, including exchange-free trading which is a highlight. Unfortunately, you can only profit from mobile trading with the Platinum account.
- Cons inlegacyfx.com client reviews include
- No exchange freights and commission-free trading
- Wide range of means available
- Free signals and analytics
- Personality card
Disadvantages of choosing LegacyFX include
- Only MT5 available
- Starter account not competitive
- Trading Hours
- The global FX request is open 24 hours a day, though certain trading sessions grounded on time zones vary
- Tokyo – 1900 – 0400 EST
- London – 0300 – 1200 EST
- New York – 0800 – 1700 EST
Help is available Monday to Friday at 0800 – 2400 GMT 3. The live converse service was particularly presto and helpful when tested. The converse totem can be plant in the nethermost right- hand corner of the website. Else, you can reach client support via
- Telephone – 41315087455
- Dispatch –[email protected]
- Online message form – Contact Us runner
- Address – Govant Structure, Kumul Highway,P.O.Box 1276 Port Vila, Republic of Vanuatu
LegacyFX executes deals via Position-1 PCI-Pukka service providers and waiters are located in SAS-70 pukka data centres. Trading conditioning on the platform are also secured with Rapid SSL encryption and are firewalled.
LegacyFX accepts dealers from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and utmost other countries.
Dealers can’t use LegacyFX from United States, Korea, Yemen, Iran.
Alternatives to LegacyFX
If you’re looking for druthers to LegacyFX we’ve collected a list of the top 5 brokers that are analogous to LegacyFX below. This list of brokers like LegacyFX is in order of similarity and only includes companies that accept dealers from your position.
Is LegacyFX a fiddle?
The broker is a legal company with a solid character and licenses in several authorities.
Does LegacyFX offer a no deposit perk?
At the time of jotting, LegacyFX doesn’t offer any no deposit perk deals or elevations.
How do I register for a LegacyFX trading account?
You can open a live or demo account from the main menu, where you’ll be taken to an online enrollment form. You’ll need to submit identification documents to register for a live account.
Can I open live and demo accounts at LegacyFX?
Yes, you can open a live account and a rally account contemporaneously. You’re free to switch between the two accounts from within the platform.
What’s the minimal original deposit at LegacyFX?
The minimal deposit is the fellow of$ 500 for a Tableware account,$ for a Gold account and$ for a Platinum account.