Risk Management Index
The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. Established under the Financial Services Authority Act, 2013, FSA is responsible for permitting and regulating licenses, enforcing regulatory and compliance requirements, monitoring and supervizing the conduct of business in the non-bank financial services sector in Seychelles. The regulated activities include fiduciary services, capital market & collective investment schemes, insurance, gambling. FSA is also responsible for the registration of international business companies, foundations, limited partnership and international trust in Seychelles.
Current Status:Suspicious Clone
License Type:Retail Forex License
Regulated in Country/AreaSeychelles
Regulatory License No.：SD074
Email Address of Licensed Institution :--
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :--
Phone Number of Licensed Institution :--
Licensed Institution Certified Documents :QDM 塞舌尔 View Certified Documents
Most visited countries/areas
The data are from WIKI Research 2021.06.25 updated
WikiFX prompts you
Please choose wisely! Please avoid unnecessary lossContinue
WikiFX only provides the legal URL of the platform published by the regulatory website.
WikiFX will not disclose your personal information to third parties.
In order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.
The use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.
Insufficient data samples
Insufficient data samples，Browsing is not supported temporarily
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
Basic Information & Regulators of LegacyFX
LegacyFX is an online trading brokerage company based in Larnaca, Cyprus. The company was founded in 2004 and currently holds an STP license from the Cyprus Securities and Exchange Commission (license number 344/17) and a Retail Forex license from the Vanuatu Financial Services Commission (license number: 14597).
Safety Analysis of LegacyFX
The company holds a straight-through license from CySEC in Cyprus, which provides a certain security level, but the spreads set by the broker seem to be high, and investors need to use tLegacyFX with caution.
LegacyFX offers traders access to popular tradable instruments in the financial markets, mainly forex, stock CFDs, index CFDs, cryptocurrencies, stocks, etc.
Leverage & Account of LegacyFX
The maximum leverage for trading major and minor currency pairs is 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, for cryptocurrencies 1:5 and for stocks 1:5. 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).
Spreads & Commission Fees of LegacyFX
No commission is charged for trading all products other than stocks, and LegacyFX calculates commission 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 Applied of LegacyFX
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 of LegacyFX
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.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.