LegacyFX Review – Why You Should Consider Signing Up With This Broker

LegacyFX Review
  • Broker Rating
4.2

Summary

Read our LegacyFX review and learn why we recommend this broker for online trading. LegacyFX is a great trading platform that offers features and services that suit traders from different backgrounds.

LegacyFX Review

LegacyFX logoLegacyFX is a multi-asset trading platform that has been offering forex and CFD trading on metals, fuel, cryptocurrencies, indices, and leading equities to traders all over the world since 2017. Its trading terms are one of the sharpest on the market, with spreads starting at just 0.6 pips. In the following LegacyFX review, we will highlight some of the significant features of the broker and why you should go for this fantastic broker.

LegacyFX website

The broker provides over 200 trading products. LegacyFX offers MetaTrader 5 to its clients. Legacy FX lets customers connect to the forex market 24 hours a day, five days a week, enabling them to exchange the most prominent major, minor, and unique currency pairings. This brokerage firm employs negative balance protection and total isolation of client money from the company’s assets to provide comprehensive investment safety.

Trading Platform

Traders may take advantage of the most recent version of the most commonly traded platform, including several of the cutting-edge technologies and perks provided by LegacyFX. MetaTrader5 is a brokerage firm with a multi-asset platform that provides exceptional trading capabilities and technical analysis features.

Using the MetaTrader 5 online interface, you may trade Forex and CFDs without installing or downloading any applications. To get more precise control over available positions, traders may use Mobile MT5 to set eight different current requests.

LegacyFX trading platform

LegacyFX’s Security

LegacyFX relies on MetaTrader 5 for security. MT5 is among the most significant trading apps, with all the bells and whistles for navigating the markets. The software is perfect, and it enables traders to execute trades, conduct analyses, and monitor activities without breaking stride. The adoption of MT5 is a big plus for LegacyFX, as few other brokers utilize it, choosing to continue with MT5’s predecessor, MetaTrader 4. The truth is that MetaTrader 5 is a staple of this broker distinguishes it positively.

Accounts Options

LegacyFX offers three account types: Silver, Gold, and Platinum. All accounts provide the same attractive terms of trade and service, with better quality accounts providing additional perks. The Silver account requires a minimum investment of $500 and has the narrowest spread of 1.6 pips. For a $5,000 investment, this is lowered to 1.0 pip in the Gold account. Each account type brings a unique opportunity for your trading approach while letting novice traders, investors, and pros discover their path in trading.

The LegacyFX Islamic account follows Islamic law guidelines on financial activity and interest. It is an interest-free account type for persons who, for religious purposes, are unable to trade on interest-bearing accounts. Account owners will keep enjoying all of the advantages of all LegacyFX Account Types, including the same spread and trading circumstances. LegacyFX demo accounts enable clients to test the broker’s offerings, platforms, and trading methods risk-free using virtual money.

Customer Support

Customer care service is the most crucial matter. Sometimes traders and brokers underestimate the significance of this feature. But it is not in the case of LegacyFX. This brokerage firm provides high-quality customer support to its traders.

Clients may write an email, contact help, or connect with customer assistance via a live chat function 24 hours a day, seven days a week. The customer service representatives can Speak English, Arab, and Russian. The broker respects their clients and is glad to discuss any basic, professional, or account-related inquiries you may have. They also want to know the ways they can enhance the help they provide to traders.

Conclusion

The LegacyFX review depicts a worldwide brokerage firm with outstanding customer service that offers a stable and well-regulated trading platform that fits nearly every requirement. It looks to be among the most potential brokers in the market, having formed itself as a pioneer in the commerce sector in current days. LegacyFX complies with MiFID II and is authorized by CySEC, VFSC, and the National Bank of the Republic of Belarus (NBRB). Overall, this brokerage has a spotless legislative record and a high level of openness.