Abstract：Legends FX Markets are an online forex and CFD provider that aims to offer investors the lowest market spreads, a true STP execution model, and an absolutely safe and transparent trading environment. Legends FX Markets is currently not effectively regulated by any regulatory authorities.
General Information & Regulation
Legends FX Markets are an online forex and CFD provider. Legends FX Markets are the trading name of Legends FX Markets LLC, which is registered in Saint Vincent and the Grenadines under company number 248 LLC 2020 since 2020. Legends FX Markets LLC is not subject to any regulatory body at this stage.
With Legends FX Markets, investors can trade a range of popular financial instruments, including foreign exchange currency pairs, spot metals, indices, commodities such as oil and gas, CFDs, and more.
Legends FX Markets offers investors STP and ECN accounts in the base currencies of EUR and USD with no minimum initial deposit required.
Legends FX Markets Leverage
In terms of trading leverage, the maximum trading leverage is pretty high, reaching up to 1:400. Since leverage, can amplify both profits as well as losses, inexperienced traders are not advised to use such high trading leverage in case of heavy fund losses.
Spreads & Commissions
The average spread on the Legends FX Markets platform is 0.8 pips for EUR and GBP, 0.5 pips for EURUSD, 0.9 pips for GBPUSD, and 0.6 pips for AUDUSD. Commissions are calculated into spreads on Forex, Metals, Indices, and Energy trades, and no other fees are payable.
Legends FX Markets offers traders the flexibility to trade on the market-leading and popular MT4, MT4 Mobile, MT4 Web, and FIX API. MT4 is the most popular forex trading platform on the market, with powerful charting and data analysis capabilities to keep up with the latest market conditions and help traders develop trading strategies.
Deposit & Withdrawal
Legends FX Markets supports forex traders to deposit and withdraw funds through a variety of methods, the main ones being wire transfer SEPA (free deposit, a withdrawal fee of €20 + 1.5%), wire transfer SWIFT (deposit fee of €5, withdrawal fee of €30 + 2%), GTBank (free deposit, a withdrawal fee of 1% USD/NGN), Bitcoin (free for deposits, 0.005 Bitcoin fee for withdrawals), Ether (free for deposits, 0.02 Ether fee for withdrawals), Ripple (free for deposits, 5 Ripple fee for withdrawals).