It can be very time-consuming to find the best broker when trading in the financial markets. tradingcritique.com helps you to dive deep into the trading world by providing all the information through this broker review about Legacyfx.
Legacyfx is an online trading platform for Stocks, Indices, Currency Pairs, Metals, and Commodities across multiple devices. This company was founded in 2012 and it was re-launched in 2017 under new management. Their head office is located in Cyprus.
Table 1: Legacyfx Overview
| OVERVIEW | |
|---|---|
| Regulated By | The Federal Financial Supervisory Authority (BaFin)Germany |
| The Cyprus Securities and Exchange Commission (CySEC)Cyprus | |
| The Financial Conduct Authority (FCA)United Kingdom | |
| The National Bank of the Republic of Belarus (NBRB)Belarus | |
| The Vanuatu Financial Services Commission (VFSC)Vanuatu | |
| Account Types | Standard Account |
| Bronze Account | |
| Silver Account | |
| Gold Account | |
| Platinum Account | |
| Premium Account | |
| VIP Account | |
| Demo account | YES |
| Minimum Deposit | $500 |
| Maximum Leverage | 1:200 |
| Deposit and Withdrawal Method | Wire transfer Master card-VISA Neteller Skrill VLoad Bitcoin Cryptocurrency Perfect Money MyFatoorah |
| Account Base Currencies | USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD,ZAR |
| Customer Support | 24/5 |
| Fees | Details |
| Trading fee | YES |
| Currency Conversion fee | YES |
| Inactive fee | YES |
| Rollover fee | YES |
| Deposit fee | NO |
| Withdrawal fee | NO |
| Commission | NO |
| Market Assets | Details |
| Forex | YES |
| Indices | YES |
| Commodities | YES |
| Metals | YES |
| Cryptocurrencies | YES |
| Stocks | YES |
| Trading Platforms | Details |
| Meta Trader 5 | YES |
| Web Platform | YES |
| Desktop Platform | YES |
| Mobile Platform | YES |
Legacyfx Broker Review- An Intro
Legacyfx is a multi-asset broker and online financial trading platform which is founded in 2012. The A.N. All new Investments Limited is the brand name of Legacyfx. It offers 7 types of trading accounts which are Platinum Account, Premium Account, VIP Account, Standard Account, Bronze Account, Silver Account, and Gold Account. It provides brokerage services for stocks, cryptocurrencies, metals, commodities, indices, and forex.
Regulations and Trustability Review of Legacyfx Broker
Legacyfx is established in 2012 which is legit and not a scam. It is regulated by the FCA, VFSC, NBRB, CySEC, and BaFin. Extensive security is provided for the client’s funds. It also provides negative balance protection for the traders which is essential for trading.
Table 2: Regulations & Trust ability of Legacyfx
| Regulating Country | Regulated by | Registration number | Company Details |
|---|---|---|---|
| Germany | The Federal Financial Supervisory Authority (BaFin) | 348194 | A.N. All New Investments Limited Headquarters: Cyprus |
| Cyprus | The Cyprus Securities and Exchange Commission (CySEC) | 344/17 | |
| United Kingdom | The Financial Conduct Authority (FCA) | 797343 | |
| Belarus | The National Bank of the Republic of Belarus (NBRB) | 193180778N | |
| Vanuatu | The Vanuatu Financial Services Commission (VFSC) | 14579 |
Review on Accepting and Forbidden countries of Legacyfx Broker
The Countries in which you can trade using LegacyFx are given in Table 3 along with the Countries in which you cannot use the LegacyFx broker platform.
Table 3: Accepted and forbidden countries of Legacyfx
| Accepted Countries | Forbidden Countries |
|---|---|
| Qatar | Iran |
| Luxembourg | Iraq |
| Kuwait | Israel |
| Saudi Arabia | Korea |
| The United Arab Emirates | The United States |
| Denmark | Yemen |
| Italy | Sudan |
| Sweden | Syria |
| Norway | Afghanistan |
| Germany | Myanmar |
| India | Somalia |
| France | Ontario |
| Hong Kong | Manito |
| Singapore | |
| South Africa | |
| The United Kingdom | |
| Thailand | |
| Australia | |
| Canada |
Review on Awards won by Legacyfx Broker
Many world-famous and recognized Awarding institutions have awarded LegacyFx for its performance and its excellence in various categories for the best trading platform. These awards are proof of the legitimacy of the LegacyFx trading platform. Various awards won by LegacyFx are listed in Table 4.
Table 4: Awards won by Legacyfx with their awardee
| Awards | Awarded By |
|---|---|
| Best new forex brand United Arab Emirates 2020 | Global brands magazine.com |
| Fastest growing forex trading platform 2020 | Global brands magazine.com |
| Best forex broker in the middle east 2019 | Daily forex.com |
| Best ETP/ECN forex broker | British Bank Awards 2019 |
| Best broker in Europe | Global excellence awards & recognition |
| Best STP forex broker 2020 | A to z markets |
| Best forex broker middle east 2020 | International business magazine |
| Best education & training middle east 2020 | International business magazine |
| Fastest growing Multi-assets broker Europe 2021 | World business outlook |
| Best trading education provider GCC 2021 | World business outlook |
| Commission- free forex & commodity broker of the year MENA 2021 | World business outlook |
| Most competent trading Professionals middle east 2021 | Finance derivative awards |
| Most innovative forex broker middle east 2021 | Global business review magazine |
| Best trading signals provider 2021 | tejaraforex.com |
| Best trading signals provider 2021 | Pipsofx.com |
| Best broker of the year 2021 | Pipsofx.com |
| Most innovative forex broker in south Africa 2021 | Finance derivative awards |
| Best forex broker in western Europe 2021 | International business magazine |
| Best STP/ECN forex broker Europe 2021 | Global business review magazine |
| Fastest growing broker Europe 2021 | Finance derivative awards |
Market Assets and Products Review of Legacyfx Broker
Legacyfx offers more than 200 asset classes based on various financial markets.
The assets on Legacyfx include:
Forex
Table 5: Forex pairs in Legacyfx
| Forex | ||
|---|---|---|
| Major | Minor | Exotics |
| GBP/USD EUR/USD USD/JPY USD/CHF USD/CAD USD/JPY GBP/CHF GBP/JPY GBP/CAD CAD/CHF CAD/JPY EUR/CAD EUR/CHF EUR/JPY EUR/GBP | USD/SGD NZD/USD NZD/JPY NZD/CHF NZD/CAD GBP/NZD GBP/AUD EUR/NZD EUR/AUD AUD/NZD AUD/JPY AUD/CHF AUD/CAD AUD/USD | GBP/TRY USD/ZAR USD/TRY USD/SEK USD/PLN USD/NOK USD/MXN USD/HUF USD/GBX GBP/ZAR GBP/PLN GBP/GBX EUR/ZAR EUR/TRY EUR/SEK EUR/PLN EUR/NOK EUR/HUF EUR/GBX |
Indices
Table 6: Most traded Indices in Legacyfx
| Indices | ||
|---|---|---|
| Minor | Major | |
| RUSSIAN50 AUSTRALIAN200 BRAZILIANX CHINESE50 HONGKONG50 INDIAN50 ITALIAN40 NETHERLAND25 US30USTECH100 US2000 SPANISH35 SWISS20 | FRENCH40 German30 JPN225 UK100 US500 USTECH100 | |
Commodities
Table 7: Most traded Commodities in Legacyfx
| COMMODITIES | ||
|---|---|---|
| Energy | Agriculture | Financial |
| WTI NGAS EMISSIONS BRENT | CORN COTTON SOYBEAN SUGAR WHEAT COCOA COFFEE | USDX USVIX |
Metals
Table 8: Most traded metals in Legacyfx
| Metals | ||
|---|---|---|
| COPPER XAG/USD XAU/USD XPD/USD | XPT/USD ZINC ALUMINIUM | |
Cryptocurrencies
Table 9: Most traded Cryptocurrencies in Legacyfx
| Cryptocurrencies | ||
|---|---|---|
| BTC/USD ETH/USD LTC/USD XRP/USD | BTC/EUR ETH/EUR LTC/EUR XRP/EUR | |
Stocks
Table 10: Most traded stocks in Legacyf
| Stocks | ||||
|---|---|---|---|---|
| UK equities | Germany | USA | France | ETF |
| BARC.l CINE.l GLEN.l GSK.l | ADS.de BOSS.de BAS.de BMW.de | AA AAPL AAL ACB | AC.pa BN.pa AIR.pa AL.pa | EFA GDX GLD IBB |
Trading Platforms Review of Legacyfx Broker
Legacyfx offers the Meta trader 5 platform which is a well-known platform that allows trading anytime and anywhere with indicators, and advanced charting tools to manage the risks. This version of Metatrader5 version is suitable for Web Platforms, Desktop Platforms, and Mobile Platforms (legacyfx app).
Meta Trader 5
This platform is popular among investors since it offers various features for traders of all different levels. It has numerous features including graphic tools and more than 80 indicators. It also has a function for the fast execution of trades with one-click trading.
It offers different options of time ranges to trade ranging from one minute to one month. The Legacyfx app is compatible with iOS devices such as iPhones and iPads. It can also be used on android smartphones and tablets which is compatible with updated android versions.
LegacyFx is equipped with advanced trading tools such as trading reports, price data, advanced technical analysis, and depth of market bids and asks. It helps you to finish the trades when you are on move. This platform is available online too, that can be accessed through web browsers and apple mac computers.
LegacyFx Web version
There is no necessity of installing or downloading any software application to trade forex and CFD because of Metatrader 5. Everyone can trade in the forex market with any browser with the help of an internet connection.
LegacyFx has this browser-based MT5 web platform that is user-friendly for custom trading. This platform urges its clients to always look for an SSL security sign in the browser.
LegacyFx Desktop version
The desktop platform of LegacyFx is connected to mobile platforms and web platforms. You can feel the easy user interface where you can view the history of your trading activities across various platforms at the same place.
If you open the trade on a mobile platform you can also manage the trade with the LegacyFx desktop platform too. The data of the trade which is displayed on the mobile is also displayed on the desktop so there is no worry whether your device isn’t close to you or lost.
LegacyFx Mobile version
Legacyfx traders can manage interactive chart tools, open positions, and view the full history of trading. The latest news is also provided with the economic calendar. The mobile trading platform (legacyfx app) is available only for platinum account holders.
The legacyfx app is available on both mobile software:
You can get this legacyfx app easily from:
Review on Account Types of Legacyfx Broker
There are 7 types of accounts designed by Legacyfx. All the accounts in Legacyfx offer the same competitive services and trading conditions and the high-grade account offer some extra benefits.
The types of accounts LegacyFx offers are:
LegacyFx Standard Account
The legacyfx minimum deposit of a standard account is $500. The spread starts from 1.6 pips. The maximum Leverage is up to 200:1. It provides the facilities like no fees, daily signals, live support, a trading academy, a swap-free account, a private channel, tips and updates, and commodities.
LegacyFx Bronze Account
The legacyfx minimum deposit of the bronze account is $1000. The spread starts from 1.6 pips. The maximum Leverage is up to 200:1. It provides the facilities like no fees, daily signals, live support, a trading academy, a swap-free account, a private channel, tips and updates, commodities, an auto charting tool, and 3 protected trades.
LegacyFx Silver Account
It is the basic account of all types of accounts in Legacyfx. This account is most suitable for beginners. This silver account does not provide many offers but the standard offers that they provide through the silver account are good enough for beginners.
The main drawback of this account is that the silver account owners can’t eligible to trade stocks. The legacy fx minimum deposit of the silver account is $3000. The spread starts from 1.6 pips. The maximum Leverage is up to 200:1. It provides the facilities like education, economic calendar, technical analysis reports, and market analysis & news.
LegacyFx Gold Account
All the perks that come with a silver account are also offered in the gold account. This account provides some additional Bonuses. This account access you to personal success goals, premium ideas, direct dealing desk, and VIP EU Master Card.
The legacy fx minimum deposit of the gold account is $5000. The spread starts from 1.0pips. The maximum Leverage is up to 200:1. It provides the facilities like education, educational Bonus, MT5 platform, MT5 web trader, legacy web trader, economic calendar, technical analysis reports, and market analysis & news. This account is suitable for traders who are familiar with foreign exchange.
LegacyFx Premium Account
The legacyfx premium account requires a minimum deposit of $25000. The spread begins at 0.6pips. The maximum Leverage is up to 200:1. It provides the facilities like basic mentoring, advanced mentoring, platinum sessions & opportunities, a direct dealing desk, trading plans, dealing room direct line premium ideas, personal success goal, and auto charting tool
LegacyFx Platinum Account
The legacy fx minimum deposit of the platinum account is $10000. The spread starts from 0.6 pips. This account is suitable for the ones who are looking for Islamic swap-free accounts. The maximum Leverage is up to 200:1. It provides the facilities like education, educational Bonus, MT5 platform, MT5 web trader, MT5 legacyfx mobile app, analysis insights, 1-on-1 support economic calendar, technical analysis reports, and market analysis & news. This account offers zero swap fees. This account is suitable for experienced foreign exchange traders.
LegacyFx VIP Account
The legacyfx minimum deposit of the VIP account is $50000.The VIP account customers can customize their accounts according to their needs.
Demo account Review of Legacyfx Broker
Legacyfx provides a demo account with a virtual balance of $10000 and it is available for 1 month. It gives access to all trading platforms and real-time market conditions. Traders can test their trading strategies without risking their capital. Traders can explore trading conditions in a risk-free environment.
Review on Fees and Commissions of Legacyfx Broker
All the assets in the Legacyfx are commission free except for stocks whose charges range from 0.15% to 0.45%. Depending upon the account, Legacyfx traders can choose between the spreads which are fixed or variable.
In the silver account, variable spreads for major forex pairs start at 1.6 pips. In the gold and platinum account, the spreads get tighter and go down to 0.6 pips. The spreads are lowest on the platinum account than on the gold account. It does not charge any swap fees or overnight fees. But this can be changed according to the company’s rights and it will be updated immediately.
Traders can be subjected to currency conversion fees when it is different from their base currency. A silver account has a high trading cost compared to all other accounts. It does not apply an inactivity fee.
Deposit fees and methods Review of Legacyfx Broker
Legacyfx does not charge any deposit fees. For the deposit option, you can use more methods like bank wire transfer, credit & debit cards, Neteller, perfect money, and cryptocurrency.
The minimum deposit for a standard account, bronze account, silver account, gold account, premium account, platinum account, and VIP account are $500, $1000, $3000, $5000, $25000, $10000, and $50000 respectively.
Table 11: deposit method and processing time in Legacyfx
| Deposit method | Process time |
|---|---|
| Visa/Master Card | Instant |
| Bitcoin | Up to a few hours |
| Myfatoorah | Up to a few hours |
| Wire Transfer | 1-3 days |
| Skrill | Up to 30 minutes |
| Neteller | Instant |
Withdrawal fees and methods Review of Legacyfx Broker
The withdrawal fees at Legacyfx vary depending on the method and amount of withdrawal. It has no withdrawal fees if you withdraw an amount above 200 USD. Other than this, it charges $50 for wire transfers.
You can use bank wire transfers, debit cards, visas, master cards, Neteller, Skrill, and cryptocurrency for withdrawal. The bank transfer withdrawal might take 3-5 business days. There is no minimum withdrawal amount except for bank transfers. It does not charge any closure fees for withdrawal.
Legacyfx Trading Tools Review
Trading Tools that are available in LegacyFx Trading Platform:
Trading Signals
Legacyfx provides live signals consisting of real-time charts, crypto market widgets, and fundamental data. Signals provide a high chance of successful trade and can save time. All the signals are not successful. It can be made by analysts and professional traders which comes free and also paid for. We should learn about the strong signal and the failing one.
Technical Analysis
This section contains a daily analysis video, commodities chart, indices chart, stocks chart, and currencies chart which is provided by the world’s top analysts. It helps to analyze the market trends and helps to improve the decision-making skill in trading.
LegacyFx Market News
The market news area comprises stories that are only available in headline and bulleted form. However, research items are scarce in the market news area. This distributes news about the Legacyfx trading market all over the world, with market news being generated three times every day.
LegacyFx Economic Calendar
It helps complete information about the trading which may impact the trading decisions. It updates all details about the economic releases which can affect the world’s currencies.
Calculators Available in LegacyFx
It provides many calculators which include a pivot calculator, a Fibonacci calculator, and a deal size calculator. This pivot calculator shows all the pivot points on the exchange rates and the deal size calculator calculates the money management and the Fibonacci calculator helps you to deep analysis of the market.
Data and Analytics
In the technical analytics portal, we can discover the trading views which contain the cryptocurrency market widget, fundamental data, and real-time charts. We can get information about the stocks in the analytics which includes cost estimates, and price dynamics. Balance sheet, dividend, operating indicators, profitability, and income statement.
LegacyFx Auto Chartist
The auto chartist provides research solutions for the SFD and FX industries. In Legacyfx, auto chartist is available as a plugin for MT5. It is also available in the trading tools under market reports.
This auto chartist contains technical chart patterns, Fibonacci patterns, and volatility analysis. It is a financial market analytics company that Leverages proprietary technology and big data to help currency traders and stock futures make more informed trading in the investment decision. There is a web application that analyses charts and patterns to help you get the best trading opportunities.
Education and Research Review of Legacyfx Broker
Legacyfx offers eBooks, glossaries, video libraries, and advanced courses in the education section. The glossary section contains terms and expressions of trading. The video library contains a variety of video lessons related to trading such as emotional trading, technical analysis, calculating pips, currency pairs for beginners, and chance & risk of trading.
The eBook section contains a wide range of subjects like trading market, strategies for beginners, a glossary of trading, global trading, capital management, trading psychology, market analysis, advanced technical analysis, and advanced strategies. The advanced courses contain educational material which is highly used by experienced traders.
Bonuses and Promotions Review of Legacyfx Broker
Legacyfx does not offer any promotions or Bonus deals. But it can offer some basic Bonus deals. They are:
Customer Support Review of Legacyfx Broker
Legacyfx provided customer service via telephone, email, online contact form, and live chat from Monday to Friday (8 a.m. -12 p.m.). Their response time is instant with excellent service options.
The live chat icon is available on each page of Legacyfx. Customer service is available only from Monday to Friday. The chat service is very fast and helpful. The customer service is available in the following languages – Arabic, English, German, Chinese, Czech, French, Italian, Russian and Spanish.
Table 12: Customer support service details in Legacyfx
+41315087455
Support@Legacyfx.com
Compliance@Legacyfx.com
Complaints@Legacyfx.com
Affiliate@Legacyfx.com
Dealing@Legacyfx.com
https://www.facebook.com/Legacyfx-966644110116765
https://www.youtube.com/channel/UCUW_-OrmIybfOj_opoPyPjA
https://api.whatsapp.com/send?phone=442039293848
https://cy.linkedin.com/company/Legacyfx-broker
In a Nutshell – LegacyFx Broker Review
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