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Forex brokers

Aug 09, 2018 Adrian Forex brokers Views: 61

LegacyFX

URL
legacyfx.com
Description

Legacy FX, relaunched in 2017, is a Forex and CFD broker headquartered in Cyprus, and regulated in Cyprus under CySEC. They provide a trading platform that offers traders a wide range of assets for trading in indices, commodities, individual stocks, and Forex currency pairs across both major and minor financial markets.

Date founded

2011

Regulation

CySEC, FCA, MiFID

Regulation in major hub
Yes
Minimum Initial Deposit

$100

Mini Account:

$100

Standard Account:

$5000

ECN Account:

N/A

Premium:

$15,000

Currencies

USD

,

EUR

News
Webinars
Demo version
Yes
Trading Platform

MT4 Desktop, Sirix Web / Desktop / Social / iOS / Android

Spreads
2,50
Time zone

GMT

Decimal pricing
5 Digits,
Minimal Lot
0,01
Deposit methods

Credit Card

,

Neteller

,

Skrill

,

Wire Transfer

Withdrawal methods ENUM
Neteller, Skrill, Credit card (VISA/Mastercard), Bank wire
Bonus

25$ No Deposit Bonus

Year founded

2015

Max Leverage

200:01:00.000

Time zone ENUM
Trading Platform ENUM
Languages LANG

English

Name

LegacyFX

Twitter
https://twitter.com/LegacyFx1
Facebook
facebook.com/legacyfxbrokers
Country COUNTRY

Cyprus

Scalping
No
Spot trading
Yes
Watchlist
Yes
Hedging
Yes
One Click
No
Contact email
Contact phone

35 725 030 673, 00

Currency pairs

49

LegacyFX is designed to meet numerous demands that a modern day Forex trader may have in his or her bid to make the best out of FX trade options. In 2017, the CFD cum Forex brokerage firm re-branded to streamline its corporate image and to elevate your FX trade experience by introducing an array of revolutionary features. LagacyFX is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). It’s a trading platform to consider if you’re looking for lucrative returns on indices, commodities and customized FX stock options. The platform is also commendable if you’re in search of ways to build an investment portfolio from grass to grace.

 

Features:

•     Remarkable Security Measures: Many FX firms have run into problems as a result of security breach issues. LegacyFX strives to attain the highest security-related credits by holding up their client’s money in segregated fiduciary accounts. All the FX firm’s financial transactions are handled with the help of Level-1 PCI-Certified providers with exceptional global reputation. A 256-bit RapidSSL technology takes care of its security encryption needs with the help of advanced firewall protection.

•     OS compatibility is excellent: LegacyFX enables you to use affordable computer operating systems to access the trade platform’s investment offers with high ROI. Therefore, other than enjoying the benefits of trade liquidity ratios, you also get the benefits of getting external audit reports to help you validate the platform’s financial strength.

•     Excellent and Abundant Trading Tools: You also get to make informed investment decisions and enjoy an array of the latest FX trade tools that are updated using meticulously tech-oriented techniques to help the platform comply with various FX trading tools with tech-simulation conduits.

 

Account by account advantages:

•     The silver account:

  • Provides FX trade fundamentals for beginners.
  • Affordable initial deposits.
  • 1:50 leverage ratios.
  • Free FX trade lessons.

•     The gold account:

  • Higher return on investment.
  • Elevated minimum deposit to open up the big vaults in the FX market.
  • Free technical analytical reports and insights.
  • One-on-one FX trade lesson sessions.

•     The ECN account:

  • This account comes with a sense of achievement because it’s for advanced traders.
  • Offers raw spreads and commissions to hike your trade period earnings.
  • You get access to the dealing room – brightening your trading experience.
  • Free technical assistance.

•     The platinum account:

  • Fixed/ variable spread.
  • Hefty returns from diverse dealings.
  • Access to every segment of the trading platform.

 

Disadvantages:

•     Categorized Traders: You may not like the fact that LegacyFX platform will classifies traders.

•     Reliable and Safe Platform: The service is a precautionary system that safeguards investors from unnecessary risks. Like the Legacy heroes, you have to start from somewhere – preferably at the bottom – and grow into an FX guru.

 

Conclusion:

Building your FX investment dream from the ground up is a solid idea and LegacyFX grants you the opportunity to do so. Forex trade is a practical activity. Learning on the job the same way you acquired your formal knowledge is better than sticking to a bunch of theories that may be overridden by dynamic technological sweep when you least expected it. Therefore, if your dream is to build a lasting investment portfolio, then you should make LegacyFX your trade companion.

Pros & Cons
  • Regulated Broker
  • Multiple trading platform choices
  • Selection of trading account
  • 24/5 customer support
  • Support wide range of payment methods
  • Uncompetitive spreads
  • No localized telephone suppor

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