LegacyFX is an international Forex broker, that has been licensed and regulated by FCA since 2017. For withdrawal problems or complaints go read this.
LegacyFX Brokers Review
Our review of LegacyFX shows, that clients are given the classic MT5 (MetaTrader 5) trading platform. You will find the desktop software, along with their Web Trader and mobile apps. They offer a wide variety of assets to trade including; Forex / Currency pairs, Metals, Commodities (Corn, Oil, Gas), Crypto, Market Indices and European / US Stocks. Some of the exotic currency pairs they make available to trade are the Hungarian Forint, Polish Zloty, and Mexican Peso.
Published spreads are as low as 0.6 pips for their Platinum account, and 1.6 pips for the starter account. Maximum leverage amount is limited to 30:1 in the European Union, due to ESMA rules. Clients outside of Europe can get 200:1 leverage on their Vanuatu site. The Legacy FX brokers website is available in the following languages; English, Spanish, Italian, German and Arabic.
Minimum deposit for a new Silver trading account is $500. You are allowed to make as many demo trading accounts as you want, so that you can play with your trading strategy.
Free Trading Signals
LegacyFX has a page on their website which displays free trading signals. The signals are provides by MTE-Media, and they are available to the public for anyone to use them. If you are a client of theirs, you can enable notifications.
Trading Central is another popular signals app that brokers like OBRInvest and ForTrade make available to their clients. Many stock market investors use a website like StockTwits for trade ideas.
There are also many free automated trading robots, but many of them are scams and work with unregulated brokers, read more.
Is LegacyFX a Regulated Broker?
The way that Scam Broker Investigator reviews a Forex broker, is by first checking their license and regulatory status. Once you have verified the brokerage firms license, then you know they are a legitimate broker. By investing with a regulated broker, you can feel safe in knowing your money is held in segregated bank accounts.
- European License: A.N. All New Investments Ltd is the official corporate name, and they are licensed by CySEC with license number 344/17. Contact email: [email protected]. Phone (Cyprus): +35725030673. Official website: https://www.legacyfx.eu/
- International License: LegacyFx is owned by AN ALL NEW INVESTMENTS (VA) Limited, and licensed by VFSC (Vanuatu) with license number 14579. Contact email: [email protected] . Phone (Switzerland): +41315087455. Official website: https://int.legacyfx.com/.
LegacyFX is officially located at: Q Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus.
Always verify that your broker is actually authorised and licensed by your local financial regulator (i.e. FCA United Kingdom, or ASIC Australia).
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*Disclaimer: 72% of retail CFD accounts lose money.
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