LegacyFX

General Information & Regulation

LegacyFX is an online trading brokerage company based in Larnaca, Cyprus, owned and operated by AN ALL NEW INVESTMENTS (VA) Limited, which is founded in 2004. AN ALL NEW INVESTMENTS (VA) Limited currently holds an STP license from the Cyprus Securities and Exchange Commission (regulatory license number 344/17) and a Retail Forex license from the Vanuatu Financial Services Commission (license number: 14597).

Here is the screenshot of LegacyFXs official website:

Market Instruments

LegacyFX offers traders access to popular tradable instruments in the financial markets, including forex, stock CFDs, index CFDs, cryptocurrencies, stocks, etc.

Account Types

To meet different investors' needs and trading experience, LegacyFX offers seven different types of accounts: Standard (minimum deposit of $500), Bronze (minimum deposit of $1,000), Silver (minimum deposit of $3,000), Gold (minimum deposit of $5,000), Platinum (minimum deposit of $10,000), and Premium (minimum deposit of $25,000). (minimum deposit of $25,000), VIP accounts (minimum deposit of $50,000 or more). Additional account services include live support, trading academy, tips and updates, and more.

LegacyFX Leverage

When it comes to trading leverage, the maximum leverage for trading major and minor currency pairs is up to 1:200, for exotic currency pairs 1:20 or 1:100, for major indices, energies and Gold 1:100, for non-major indices 1:20 or 1:100, for agricultural products 1:20, up to 1:5 for cryptocurrencies and 1:5 for stocks.

Spreads & Commissions

No commission is charged for trading all products other than stocks, and LegacyFX calculates commissions into spreads. Spreads on silver accounts are 3 pips on EURUSD, 3.6 pips on EURGBP, 3.5 pips on German 30 Index, 3.1 pips on corn, 2.26 pips on Gold, and 590.00 pips on bitcoin. For the gold account, the EURUSD spread is 2.6 pips, the EURGBP spread 3 pips, the German 30 index spread 3.1 pips, the corn spread 2.4 pips, the Gold spread 2.12, and the bitcoin spread 550.00. Platinum account has a EURUSD spread of 2 pips, EURGBP spread of 2.4 pips, German 30 index spread of 2.5 pips, corn spread of 2 pips, the gold spread of 2.00 pips, and bitcoin spread of 520.00 pips. The commission for stock trading in silver accounts is 0.45% per share, 0.30% per share for gold accounts, and 0.15% for platinum accounts.

Trading Platform

LegacyFX offers traders the popular MT5 trading platform, which includes more pending order types, cryptocurrency trading, one-click trading, more technical analysis tools, upgraded EA tools, and support for web, desktop, Android, and iOS versions.

Deposit & Withdrawal

LegacyFX welcomes a variety of ways to deposit and withdraw funds, including VISA & MasterCard (supporting EUR, USD, GBP), Wire Transfer (supporting EUR, USD, GBP), NETELLER （supporting EUR, USD, GBP), Skrill (supporting EUR, USD, GBP), LOAD (supporting EUR, USD), Bitcoin ( Support EUR, USD, GBP), and no commission is charged for deposit and withdrawal.

Customer Support

Customer support is available Monday through Friday between 0800 and 2400 (GMT+3). LegacyFX provides its registered office address in Vanuatu, an official phone number in Switzerland, a messenger with a UK landline, e-mail addresses, a web form, and live chat. An FAQ section answers some questions, and I recommend live chat or phone support as the most convenient contact method if traders require assistance.

Pros & Cons

Frequently Asked Questions

Are LegacyFXs demo accounts time-limited？

Yes, demo trading accounts are limited to 1-month. Follow this period the demo account will be deactivated. Please contact Legacy FX for further information.

Does LegacyFX offer Islamic trading accounts？

Legacy FX offers Islamic trading accounts that enables clients of the Muslim faith to trade global financial markets without compromising Sharia laws.

What is the minimum deposit to open a Standard account with LegacyFX？

To open a standard account with Legacy requires a minimum deposit of $500.