LegacyFX

LegacyFX is a forex broker that was established in 2017. The company is registered with the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). This SySEC-Registered Broker offers a diverse range of trading instruments including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.

Trading Platform

LegacyFX provides its clients with the MetaTrader 5 platform, which is accessible via the web or through mobile apps. This platform is renowned for its advanced charting tools, automated trading capabilities, and customizable interface. The company also provides a signal service, AutoChartist plugin for MT5, and regular market analysis and news, making it a comprehensive solution for online trading.

Trading Conditions

LegacyFX offers a maximum leverage of 200:1 and a minimum trade size of 0.01. To open a live trading account, a minimum deposit of $500 is required. The broker supports automated trading with Expert Advisors (EAs) and allows scalping.

Trading Instruments

With over 200 CFD trading instruments available, traders have a wide range of options. This includes more than 40 currency pairs, 4 types of cryptocurrencies (Bitcoin, Litecoin, Ethereum), and over 135 commodities like Gold, Silver, Stocks, Stock Indexes, and Oil.

Deposit and Withdrawal Methods

LegacyFX provides multiple deposit and withdrawal methods, including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Skrill, and UnionPay. This makes it convenient for traders across the globe to manage their trading funds.

Pros and Cons

LegacyFX, like any other broker, has its strengths and weaknesses. On the positive side, it offers a wide range of trading instruments, the popular MT5 platform, and a variety of deposit and withdrawal methods. On the downside, the minimum deposit to open a live account is relatively high compared to other brokers, and it may not be accessible to traders in some countries.

Scammer or Not

LegacyFX is registered with two financial regulatory bodies, CySEC and VFSC, which suggests that it operates within a regulated framework. However, as with any online trading platform, it's important for traders to do their due diligence and research before committing their funds.

Safety Check

LegacyFX uses advanced security measures to protect its clients' data and funds. However, it's always recommended for traders to use strong passwords, enable two-factor authentication, and keep their devices secure.

FAQs

What is the minimum deposit required to open a live trading account with LegacyFX?
The minimum deposit required to open a live trading account with LegacyFX is $500.

What trading platforms does LegacyFX offer?
LegacyFX offers the MetaTrader 5 platform, which is accessible via the web or through mobile apps.

Is LegacyFX a scam?
LegacyFX is registered with the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC), suggesting it operates within a regulated framework. However, traders should always conduct their own research before investing.

This independent review aims to provide a comprehensive overview of LegacyFX. For more information or to share your own experiences with this broker, please visit forexroboteasy.com.