LegacyFX Review 2024
Minimum
deposit:
  • $250

Trading platform:

  • Mobile Apps
  • LegacyFX MT5
  • Web Trader MT5
Regulation:
  • CySEC
  • VFSC
Bonus for deposit:
  • 0%

LegacyFX Review 2024

Updated:
Updated: October 06, 2023

4.68

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum
deposit:
  • $250

Trading platform:

  • Mobile Apps
  • LegacyFX MT5
  • Web Trader MT5
Regulation:
  • CySEC
  • VFSC
Bonus for deposit:
  • 0%

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Summary of LegacyFX Trading Company

LegacyFX is a broker with higher-than-average risk and the TU Overall Score of 4.68 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by LegacyFX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. LegacyFX ranks 150 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

LegacyFX is a broker for professional market participants and novice traders. The company also offers ways of passive earning and investing.

LegacyFX is an international broker that has been providing financial services since 2017. LegacyFX cooperates with both beginners and professional traders, and the company's clients can trade currencies, metals, indices, and many other assets. LegacyFX offers both independent trading and opportunities to invest, trading signals, and automated trading programs. LegacyFX has received 19 awards since its inception, including “Best STP/ECN Forex Broker” (by AtoZ Markets magazine, 2020), “Best Education & Training Modules” (by the Middle East magazine, 2020), and “Fastest Growing Broker” (by Europe magazine, 2021).

💰 Account currency: USD, EUR, GBP
🚀 Minimum deposit: $250
⚖️ Leverage: From 1:5 up to 1:200
💱 Spread: Floating and fixed
🔧 Instruments: Currency pairs, cryptocurrencies, stocks, indices, CFDs, precious metals, and commodities
💹 Margin Call / Stop Out: 80% / 30%

👍 Advantages of trading with LegacyFX:

  • The commission for the account replenishment and withdrawal of funds is paid by the broker.
  • A wide range of educational materials of varying difficulty levels.
  • Convenient ways to conduct financial transactions.
  • Availability of investment programs, trading signals, and other auxiliary tools.
  • The broker uses segregated accounts to store clients' money.
  • There are several ways to contact support.
  • The broker protects against a negative balance.

👎 Disadvantages of LegacyFX:

  • High level of minimum deposit.
  • Customer support is closed at night and on weekends.
  • Stock trading is not available to Standard and Bronze account holders.LegacyFX is a broker for professional market participants and novice traders. The company also offers ways of passive earning and investing.

Evaluation of the most influential parameters of LegacyFX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.21

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

7.42

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.14

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

3.87

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.72

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

7.44

/10

Geographic Distribution of LegacyFX Traders

Popularity in

24.7%
IL
Israel
17.2%
CH
Switzerland
9.8%
IN
India
9.1%
AE
United Arab Emirates
6.5%
CA
Canada
6.4%
MY
Malaysia
40.3%
Others
Others

Video Review of LegacyFX i

LegacyFX Latest Comments for 2023 i

55 comments
Total score:
4.5 /10

Share your experience

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sjohnson
3 weeks ago

I first tried trading with LegacyFX on a demo account. The platform worked well and my scalping strategy was profitable. Then I switched to a live account. LegacyFX has no restrictions on trading strategies, so scalping, especially with small spreads, brings good profits. I recommend the broker.

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dsdea
5 weeks ago

I do not recommend LegacyFX for Forex trading. The platform works simply disgustingly. I open an order, and it is opening within five minutes. And then it opens with a slippage of 23 pips. This brings big losses. In addition, the LegacyFX platform is often disconnected from the server during trading. And charts freeze. You can see for yourself that trading is very poor here.

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nathannirosh
9 weeks ago

I thought that having a profitable trading strategy would help me make a profit when trading with Legacy FX. But it turned out that my strategy stopped working, because slippage and price gaps constantly occur on the Legacy FX platform. I thought about trying to trade with an advisor, but I realized that it wouldn’t work. Now I want to close my account here.

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danielbow
12 weeks ago

The company LegacyFX is not geared towards operating as a proper forex broker. They seem to be using a trading platform without updates, likely rented. Because of this, the platform operates with significant issues, which, of course, affects the trader's experience. Frequent server disconnections resulted in LegacyFX opening five buy trades instead of the intended three sell trades for me. Naturally, no one compensated for the losses incurred.

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Sikandar668
15 weeks ago

I never thought that I would write negative reviews of LegacyFX. But it happened that the company turned out to be not the broker I planned to trade with. First, they lost my payment. I couldn’t receive the money into my account for more than two weeks. Then problems with trading began. For some reason, when there is a trend movement on U.S. news, I cannot open a trade exactly according to the trend. That is, I couldn't open a profitable trade. And then strange situations began to happen. I open a sell trade, and LegacyFX opens a buy trade for me. As a result, I left this company. And I don't recommend it to anyone.

Responses to a comment
Chepy2012 to Sikandar668
11 weeks ago

I don't see anything surprising in this situation. LegacyFX doesn't have a license from a reputable regulator, so they can do as they please. No one can hold this fake broker accountable.

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fahadsaleem30
15 weeks ago

LegacyFX is involved in misappropriating the funds of its clients. I have $4500 in my deposit, and I can't withdraw them! The withdrawal request has been pending since August of this current year! I've tried all possible options, but no one wants to help me! All LegacyFX services have ignored all my appeals! Consulted with a lawyer, still unsure about the next steps.

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hds
17 weeks ago

Hi everyone! I'll tell you my sad story about working with Legacy FX. I started trading with this company as a novice trader a year ago. Manager Nikolai immediately contacted me and inquired about my trading experience. And he immediately offered his services to manage the account. Well, I agreed. And someone else got all my $20,000, because this Nikolai opened losing trades with a huge volume during the week. As it turned out, Legacy FX refused to accept my claims, notifying me that trading carries a risk of loss.

Expert Review of LegacyFX

LegacyFX is a Forex broker that has been on the market for not so long, only since 2017. But at the same time, the company has already received many awards and maintains the pace of development at a high level. LegacyFX cooperates with traders from different countries and offers comfortable trading conditions for users, regardless of whether they have experience in trading.

The company offers 7 groups of trading instruments and 7 types of trading accounts. The spread is available in two versions: floating and fixed. The size of the commission is determined for each asset separately, detailed information about each of them is in the public domain. As a trading platform, LegacyFX offers a terminal with advanced functionality that allows you to use trading robots and advisors. To improve the skills of users, the broker offers a training Academy that contains trading courses, videos, articles, and a glossary of terms. For some account holders, mentoring and trading psychology are available. LegacyFX also has ways to generate passive income, such as a PAMM account, and the broker is ready to cooperate with both investors and managers. Also, traders have access to trading signals, negative balance protection, and high-quality support service.

The broker uses ECN technology, which implies a higher speed of execution of trades, but also a higher level of the minimum deposit. So, the minimum amount for opening an account with LegacyFX is $250. Some of the training materials are available only to Silver account holders and above. The level of commission on a Standard account is also higher than for Gold or Premium account holders.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of LegacyFX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

LegacyFX clients can profit from trading on their own, but there is also an opportunity that will help generate income even for those traders who have no Forex experience or those who do not desire to spend a lot of time on trading and mastering the market.

PAMM accounts

With this service, users make a profit by simply depositing funds into the account and paying a small fee to the fund manager. It works as follows: the client invests in one or more PAMM accounts, each of the accounts has a manager, i.e., a professional trader. He makes trades, and the profit is divided among all investors who have invested money in the account, in proportion to their investments.

  • To generate income, the user does not need to have the skills and knowledge of Forex trading.

  • All trades are made by a professional trader.

  • The investor does not interfere in the trading process, his task is to invest in an account and make a profit.

  • Funds are not transferred to the manager and remain on the client's account. Thus, no one can withdraw the profit due to the investor.

  • Users can invest in several PAMM accounts with different managers.

  • LegacyFX cooperates with both investors and professional traders who are ready to become PAMM account managers.

For their work, managers receive a remuneration - a percentage of the profits. This commission is automatically deducted from the account of all traders who have invested in the PAMM account.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

LegacyFX’s affiliate program:

  • LegacyFX referral program. The broker gives traders the opportunity to receive additional income for attracting new active users to the company. To do this, you need to open a real trading account, contact the support service by writing a request to the broker's email, and receive an individual referral link. It can be shared with friends on social networks, on other platforms on the internet.

LegacyFX credits the affiliate program member with a reward for each client who clicked on the referral link and opened a live trading account. The received bonus is credited within 24 hours, it can be used for trading or withdrawn.

Trading Conditions for LegacyFX Users

LegacyFX users can open one of 7 types of trading accounts, as well as test the conditions of each on a free demo account. The company provides more than 200 assets as working instruments, including currency pairs, cryptocurrencies, commodities, stocks, CFDs, indices, and metals. The maximum size of the trading leverage reaches 1:200, this indicator may vary depending on the instrument. The spread is available in two variations: fixed and floating, and its size also depends on the asset and the type of trading account. Also, clients can invest in a PAMM account and receive income without actively participating in trading.

$250

Minimum
deposit

1:200

Leverage

16/5

Support

💻 Trading platform: LegacyFX MT5 trading platform, Web Trader MT5, mobile app
📊 Accounts: Real accounts: Standard, Bronze, Silver, Gold, Platinum, Premium, and VIP; Demo account, PAMM account
💰 Account currency: USD, EUR, GBP
💵 Replenishment / Withdrawal: Bank cards: Visa and MasterCard; Neteller, Skrill, Load, Bitcoin, Perfect Money, Wire Transfers, cryptocurrency
🚀 Minimum deposit: $250
⚖️ Leverage: From 1:5 up to 1:200
💼 PAMM-accounts: Yes
📈️ Min Order: 0.1
💱 Spread: Floating and fixed
🔧 Instruments: Currency pairs, cryptocurrencies, stocks, indices, CFDs, precious metals, and commodities
💹 Margin Call / Stop Out: 80% / 30%
🏛 Liquidity provider: No data
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Dealing Desk, ECN
⭐ Trading features: Stock trading is not available for Standard and Bronze account holders
🎁 Contests and bonuses: Loyalty member program; Traders Union

Comparison of LegacyFX with other Brokers

LegacyFX RoboForex Eightcap Exness XM Group NPBFX
Trading
platform
LegacyFX MT5, Web Trader MT5, Mobile Apps MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, MobileTrading, XM App MT4
Min deposit $250 $10 $100 $10 $5 $10
Leverage From 1:5
to 1:200
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:30
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 0 points From 1 point From 0.6 points From 0.4 points
Level of margin call
/ stop out
80%  /  30% 60%  /  40% 80%  /  50% No  /  60% 100%  /  50% No  /  30%
Execution of orders ECN, Dealing Desk Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Instant Execution, Market Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

LegacyFX RoboForex Eightcap Exness XM Group NPBFX
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No Yes
Options No No No No No No

LegacyFX Commissions & Fees

Information
The trading conditions of LegacyFX have been checked by the Traders Union specialists to reveal hidden and explicit commissions for trading and non-trading operations. LegacyFX does not charge a separate fee for the execution of trades because this commission is automatically included in the spread. Maintenance of a trading account, use of the platform, and training materials are free of charge. The commission for replenishment of the deposit and withdrawal of funds is paid by the broker. Hidden charges were not identified.
Account type Spread (minimum value) Withdrawal commission
Standard From $15 LegacyFX undertakes the commission for deposits and withdrawals
Bronze From $15 LegacyFX undertakes the commission for deposits and withdrawals
Silver From $15 LegacyFX undertakes the commission for deposits and withdrawals
Gold From $9 LegacyFX undertakes the commission for deposits and withdrawals
Platinum From $5 LegacyFX undertakes the commission for deposits and withdrawals
Premium From $5 LegacyFX undertakes the commission for deposits and withdrawals
VIP From $5 LegacyFX undertakes the commission for deposits and withdrawals

There is no data on the size of the swaps. If necessary, LegacyFX clients can open an Islamic account that operates under Sharia law.
To obtain an objective assessment of the trading conditions of LegacyFX, the Traders Union analysts compared the size of the trading commission of this company with its competitors. In the table below you can see the results of a comparison of the commission for trading currency pairs from different brokers.

Broker Average commission Level
LegacyFX $10 High
RoboForex $1 Low
Pocket Option $8.5 Medium
Logo LegacyFX
$10
$1
$8.5

Detailed Review of LegacyFX

LegacyFX is an international Forex broker, whose task is to provide its clients with optimal working conditions. The company started was founded in 2017 and has repeatedly received awards in the "Fastest Growing Broker" category. LegacyFX offers a convenient trading terminal with advanced functionality, a sufficient number of liquid instruments, and traders can use trading robots for their work. The broker also provides trading signals, thanks to which traders can improve the results of trading sessions. The advantage is also the availability of programs: investment, affiliate, and loyalty programs. Owing to them, users have access to passive income and financial bonuses.

LegacyFX by the numbers:

  • The company offers over 200 trading instruments in different groups.

  • There are 7 types of trading accounts available to traders.

  • The maximum leverage is 1:200.

  • The support service works 5 days a week.

  • Zero commissions for account replenishment and withdrawal of funds.

  • The average commission for trading currency pairs is from 1 pip.

LegacyFX is a broker for active trading and passive income

Users who open an account with LegacyFX gain access to a variety of instrument groups, including currency pairs and cryptocurrencies, precious metals, indices, CFDs, stocks, and commodities. In total, the company has over 200 assets. The broker offers a choice of 7 types of real trading accounts, and before starting work, clients can always use a demo account. Also at LegacyFX, there are accounts for people of the Islamic faith. In addition to tools for self-trading, the broker provides PAMM investment accounts, through which traders can receive passive income. At the same time, LegacyFX works both with investors who invest in a PAMM account and with professional market participants who are ready to manage a PAMM account.

LegacyFX trading methods will suit traders no matter what trading device they prefer to employ. The company has a MetaTrader 5 desktop application for trading from a laptop or PC, a web version for tablets, and a mobile application for trading from a smartphone.

Useful services of the LegacyFX broker:

  • Economic calendar. This section presents events of international economic significance that may affect the Forex market. Events are categorized by importance and day of the week.

  • Signals. Here you can find information on which instruments will potentially bring profit.

  • Calculators. There are 3 calculators available: Fibonacci, Pivot, and one for calculating trade sizes and estimating potential risks.

  • Market news. Here traders can learn the latest news from the world of Forex and the international economy.

  • Trading Hours. In this section, you can find the timetable of the market for different trading instruments.

  • AutoChartist. This program allows you to get a detailed and accurate analysis of the market situation so that traders can plan the execution of certain trades.

Advantages:

1

The broker's website is presented in several languages.

2

PAMM accounts are available for investment.

3

The broker provides a section containing extensive educational materials.

4

The company has Islamic accounts that do not charge for swaps.

5

LegacyFX is regulated by VFSC (Vanuatu Financial Services Commission).

6

A wide range of tools to improve the efficiency of trading is present.

7

Customer accounts are protected from negative balances.

8

Users' money is kept in separate accounts, to which the broker does not have access.

You can contact support for help in different ways: from a call to an email or chat.

How to Start Making Profits — Guide for Traders

LegacyFX cooperates with traders from different countries and offers several types of accounts. Depending on the type of account, traders have access to different additional functions, as well as different levels of spread.

Account types:

Account Type
Description
Standard
The minimum deposit is $250, the trader gets free access to the terminal, commodity trading, signals, live support, training materials, tips, and updates.
Bronze
You will need $1,000 to open an account. For this amount, the client receives all the features of the Standard account, as well as 3 protected trades and a tool for automatic charting.
Silver
The minimum deposit amount for this account is $3,000. The client opens up the possibilities of the Bronze account, access to stock trading, materials on the trading psychology, basic analytics, and mentoring.
Gold
To open an account, you need to deposit at least $5,000. In addition to all the features available on a Silver account, the user gets access to the Direct Dealing Desk, premium trading ideas, a personal plan to achieve trading goals, and a European VIP MasterCard.
Platinum
The minimum deposit on the account is $10,000. Access to the Dealing Room Direct Line and a trading plan are added to the functionality of the Gold account.
Premium
To open a Premium account, you need to replenish your account with $25,000. In addition to all the functions available on previous accounts, the trader receives extended mentoring, as well as access to premium sessions and opportunities.
VIP
This account combines the functionality of all the specified LegacyFX accounts, and to open it you will need at least $50,000. This account is individualized, so its trading conditions are discussed with each client separately.

Before opening a live trading account, traders can open a free demo account to check the trading conditions of the LegacyFX broker and their trading skills.

LegacyFX also has PAMM accounts for passive investing, available to all clients of the broker.

Bonuses Paid by the Broker

LegacyFX does not provide for the accrual of bonuses for active trading activity, large trading volume, or deposit replenishment. But LegacyFX has its own loyalty program, the participation in which affords you prizes.

Loyalty Membership Program

The trader gets a certain level, depending on which of the broker's requirements he fulfilled. There are 3 main requirements: the number of trades, the size of the net deposit, and the number of financial transactions (deposits and withdrawals) within 30 days. As a reward, users get access to special webinars, bonus coupons, and LegacyFX branded gifts (mugs, pens, T-shirts, and others).

LegacyFX Bonuses — Loyalty Membership Program
LegacyFX Bonuses — Loyalty Membership Program

Investment Education Online

Information

Both professionals and novice traders can trade with LegacyFX. To support the development of its clients, the broker provides a section with free training materials, among which there are courses for beginners and advanced users.

Information available in the Academy section
Information not available on the LegacyFX website
Glossary
Reviews by experts
Introductory courses for beginners
Podcasts
Articles about trading different groups of assets
 
Introduction to the Forex market: articles, videos on trading in MT5, mobile application
 
Electronic books
 
Advanced Forex Trading Courses
 
Videos
 
Introduction to Futures Trading
 
Trading psychology
 
Mentoring from professionals
 
Technical analysis
 

The company has a demo account where clients can practice trading and test new trading strategies without putting their capital at risk.

Security (Protection for Investors)

Information

The LegacyFX broker is under the supervision of VFSC 14579 (Vanuatu Financial Services Commission) and CySEC 344/17 (Cyprus Securities and Exchange Commission), the same body issued the company a license to provide financial services under number 14579. LegacyFX uses segregated accounts to store funds for traders.

To protect clients from scammers posing as LegacyFX employees, the site contains a blacklist of organizations, individuals, and sites that should be avoided. The broker is not responsible for the account. If the client has given access to his account to a third party, LegacyFX will not be able to regulate or block the actions of the third party.

👍 Advantages

  • Client funds are held in segregated accounts
  • The broker provides a list of cybercriminals and fraudulent organizations to help clients avoid being hacked

👎 Disadvantages

  • LegacyFX is regulated by only one body

Withdrawal Options and Fees

  • You can replenish your account and withdraw funds in the following ways: by Visa and MasterCard; EPS such as Neteller, Skrill, Load, Bitcoin, Perfect Money; Wire Transfer, and cryptocurrency.

  • The term for replenishment and withdrawal depends on the payment system, for example, instant payment is available and credits funds within a few hours (via the Blockchain system), bank transfers take 1-3 days, and via Load takes 3-5 days.

  • For withdrawal of funds through the Blockchain system and bank transfer, the minimum transaction amount is set at $50 and $150, respectively.

  • The broker does not charge a commission for transactions and also pays any commission set by the payment systems.

  • To conduct financial transactions, a trader needs to be verified.

Customer Support Service

Information

The broker provides traders with a customer support service, which, if necessary, will help users to solve problems with transactions and answer questions about trading and non-trading operations. Support is active from Monday to Friday and does not work on Saturday and Sunday.

👍 Advantages

  • The company has many ways to contact support
  • Traders can order a callback

👎 Disadvantages

  • Support is unavailable on weekends

This broker provides the following communication channels for its clients, where you can:

  • write a message to the online chat on the site;

  • fill out the feedback form;

  • call a number specified on the website;

  • send an email (depending on the department: the broker provides different mailing addresses for clients with different requests);

  • visit the broker's physical office.

LegacyFX is also available on social networks such as Twitter, Facebook, LinkedIn, YouTube, and Instagram.

Contacts

Foundation date 2017
Registration address Q Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus
Regulation
Official site
Contacts

Review of the Personal Cabinet of LegacyFX

Cooperation with LegacyFX begins with opening a real or virtual account with the company. To do that, use the following step-by-step instructions:

1

Visit the official LegacyFX website. To open a new trading account, on the main page, click on the menu button (three horizontal stripes in the upper right corner).

LegacyFX Review — Official site
LegacyFX Review — Official site
LegacyFX Review — Official site
2

In the list that opens, select "Open Account" to open a live trading account, or "Open Demo Account" to open a demo account.

LegacyFX Review — Open an account
LegacyFX Review — Open an account
3

Choose the type of account that suits you: personal or corporate. Fill out a short form with the following data: your name, surname, email, phone number. Come up with a password to enter your personal account, confirm the password. Select the currency of the account. Enter captcha and electronic signature.

LegacyFX Review — Registration form
LegacyFX Review — Registration form
4

Personal account. To get started, you need to upload your identity documents and credit/debit card details.

LegacyFX Review — Verification
LegacyFX Review — Verification
5

Functions of the LegacyFX personal account:

1. My Accounts. In this section, you can replenish your trading account and withdraw funds, install a trading platform, open a PAMM account or use the Autochartist program.

LegacyFX Review — My accounts
LegacyFX Review — My accounts

2. Education. Here's a handy piece of information that LegacyFX users can use to upgrade their skills and develop their trading strategies.

LegacyFX Review — Education and training
LegacyFX Review — Education and training

3. Toolbox. This section contains news, a trading calendar, analytics, and trading signals with the help of which traders can make potentially profitable trades.

LegacyFX Review — Toolbox
LegacyFX Review — Toolbox

1. My Accounts. In this section, you can replenish your trading account and withdraw funds, install a trading platform, open a PAMM account or use the Autochartist program.

LegacyFX Review — My accounts
LegacyFX Review — My accounts

2. Education. Here's a handy piece of information that LegacyFX users can use to upgrade their skills and develop their trading strategies.

LegacyFX Review — Education and training
LegacyFX Review — Education and training

3. Toolbox. This section contains news, a trading calendar, analytics, and trading signals with the help of which traders can make potentially profitable trades.

LegacyFX Review — Toolbox
LegacyFX Review — Toolbox

Also in the personal account, the trader can:

  • Change password. A window in which a trader, if desired or necessary, can change the password for logging into the account.

  • Deposit funds. You can replenish your trading account through this section.

  • Trading history. In this window, users have access to the history of completed trades.

  • Upload documents. Here you need to upload documents to verify your account. Without uploading documents, LegacyFX will not grant you access to trading.

  • Market analysis. This section contains reports and analyses of the market situation for various trading instruments.

Disclaimer:

Your capital is at risk.  71% of retail investor accounts lose money with this provider.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
LegacyFX Review LegacyFX Review

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FAQs

Do reviews by traders influence the LegacyFX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LegacyFX you need to go to the broker's profile.

How to leave a review about LegacyFX on the Traders Union website?

To leave a review about LegacyFX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about LegacyFX on a non-Traders Union client?

Anyone can leave feedback about LegacyFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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