LegacyFX Review 2023 – Pros and Cons

UPDATED ON :

LegacyFX is a trading name of A.N. Allnew Investments Ltd, a Cyprus-based investment firm that offers online trading services in forex, stocks, indices, commodities, and cryptocurrencies. The company was founded in 2012 and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

LegacyFX aims to provide a reliable and secure trading environment for its clients, offering competitive spreads, fast execution speeds, and a range of trading platforms including the popular MetaTrader 4 and 5. The company also offers a range of educational resources, including webinars, video tutorials, and a trading academy, to help traders improve their skills and knowledge.

In addition to its online trading services, LegacyFX also provides a range of investment solutions for institutional and high net worth clients, including portfolio management, asset management, and advisory services. The company has a team of experienced investment professionals who provide customized investment solutions tailored to the specific needs and objectives of each client.

LegacyFX has won several awards for its services, including the Best Forex Broker Europe 2020 award from the Global Banking & Finance Review and the Best Affiliate Program 2020 award from the International Investor Awards. The company is committed to maintaining high standards of customer service and transparency, and its website provides detailed information about its trading conditions, fees, and regulatory status.

LegacyFX

Brokers Name

LegacyFX

Regulation

VFSC

Established

2012

Headquarters

Vanuatu

Trading Desk

Market Maker

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Arabic, Spanish, German, Russian

Account Details

Accounts

Standard, Bronze, Silver, Gold, Platinum, Premium, VIP Account

Min. Deposit

$500

Base Currencies

USD, EUR, GBP

Leverage

1:200

Spreads

1.60 pips

Fixed Spread

Yes

Margin Call / Stop Out

50% / 30%

Trading Platform

MT5

Trading Instruments

Indices, Forex, Stocks, Metals, Energy, Commodities, CFD and Cryptocurrencies

Pros

  • Segregation of Client Funds
  • Swap-Free Account
  • 7 Account Types
  • One-Click Trading
  • Optimized Strategy Testing
  • Competitive Trading Conditions

Cons

  • Higher minimum deposit requirements
  • US clients not accepted

Trading Features

Commission

Yes

Mini Accounts

Yes

Standard Accounts

Yes

VIP Accounts

Yes

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Credit Card, Debit Card, Bank Transfer, Skrill, Neteller, EFT Pay and Cryptocurrencies

Withdrawal

Credit Card, Debit Card, Bank Transfer, Skrill, Neteller, EFT Pay and Cryptocurrencies

Contacts

Phone

+41315087455

Email

support@legacyfx.com

Address

Govant Building, Kumul Highway, P.O.Box 1276 Port Vila, Republic of Vanuatu

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