LegacyFX review 2025 ++ Scam or not? Real broker test

LegacyFX review 2025 ++ Scam or not? Real broker test

LegacyFX ensures to solve this problem because it works under the regulation of different organizations. At the same time, it follows all the laws, rules, and regulations of the European Union making things pretty reliable for every customer. When it comes to the user experience, LegacyFX provides all the services that you may need to ensure a better and safer experience. Whether it is regulation, transparency, protection, better rates, or anything else. With LegacyFX you can place your trades on anything that catches your interest.

LegacyFX MetaTrader 4 (MT

LegacyFX clients get access to the MetaTrader 5 or MT5 platform. This is the updated successor of the MetaTrader 4 or MT4 software. The great thing about the MT5 is that it supports trading cryptocurrency, and it comes with new features that cater to this asset. He has several years experience in the forex trading business and has started to trade in Bitcoin and other crypto markets too.

• The broker values customers and are happy to answer all general, technical and account related questions that you may have.
• As a safe-haven asset, gold and silver are used as passive investments that appreciate over time.
• From my experience, an impressive safety feature provided by LegacyFX is the blacklist on their website.
• We will also be talking about the pros and cons of this particular broker to help you deduce whether this broker is right for you.
• You’ll be asked questions about your trading experience, understanding of the financial markets, the source of the capital you’ll use for trading, and you will be requested to supply proof of identity.
• I would always prefer to trade using a regulated broker as it gives me the confidence that they will operate in an honest and transparent manner.

IC Markets

Both platforms have similar functionality; choosing between them depends on your trading style. For many, the web-based version is an ideal choice as it allows you to trade from different devices anywhere there is an internet connection. There is a ‘no-nonsense’ feel about deposits made to this broker. Accounts can be set up in one of three base currencies, USD, EUR, or GBP, and funding transfers can be made using wire transfers and credit and debit cards. If you’re using the wire transfer process, you should allow up to three days for funds to clear, but card payments are processed immediately.

We champion verified reviews

Additionally, LegacyFX hosts various trading contests and competitions, giving traders the opportunity to test their skills against others and win prizes. LegacyFX legacy fx review provides a remarkably extensive range of tradable instruments, featuring over 10,000 products that span multiple asset classes including forex, indices, stocks, commodities, and cryptocurrencies. This vast selection offers traders the opportunity to diversify their investment portfolios significantly, which can help spread risk and enhance potential returns. Key to LegacyFX’s commitment to safety is the stringent protection of client funds.

Is LegacyFX regulated in South Africa?

• So, you never get the exact deal which might not be a good thing at all if you are looking only for making good profits.
• If you are primarily looking to trade forex and not fussed about spreads, I think they are a solid broker that is certainly worth consideration.
• This makes MT5 an excellent choice for traders who demand high-level functionality and extensive analytical capabilities to navigate complex market conditions effectively.
• I will highly recommend Legacy to anyone contemplating Futures trading.
• There is a risk that your bank or another third party might apply charges on cash transfers.

The software solution offered by LegacyFX mainstays the popular choice of the MetaTrader5 platform, which provides a comprehensive trading feature and vast solutions. I traded for 3 years with four different account managers at Legacy Fx. They sent me so called signals…And recommended me to trade without stop loss…you can really trust these people…I took a trading course that taught me the opposite to what Legacy Fx told me! Now I’m trading with an other broker that don’t try to push me to deposit more money every day. The range of accounts available from LegacyFX will vary, depending on whether you choose its EU entity regulated by CySEC, or its international entity in Vanuatu. Unfortunately, there are no average spreads available to assess the true cost of trading with LegacyFX, which is something I’ve come to expect from the best brokers in this category.

Brokers By Licenses

LegacyFX is a regulated trading broker with a competitive range of trading products and services, including CFD trading via the powerful MetaTrader 5 platform. They have a decent selection of account types, funding options, trading instruments, educational materials and robust trading tools to asset with your market analysis. LegacyFX provides an extensive and diverse array of educational resources aimed at enhancing the trading knowledge and skills of its clients. These educational materials are designed to cater to both novice traders who are just starting out and experienced traders looking to refine their skills and expand their understanding of advanced trading concepts.

Spreads get tighter with the Gold and Platinum accounts, going down to 0.6 pips. Fixed spreads are around 3 pips for EUR/USD with the Silver account. It is an interest-free or swap-free account type, for those who, for religious reasons cannot trade on interest/swap-incurring accounts. However, account holders will still enjoy all of the benefits of all the Account Types offered by LegacyFX, their same spreads, and the same trading conditions. Leverage, known as a loan given by the broker to the trader enables you to trade through the multiplied volume that may raise your potential gains, yet in reverse increases high risks too. So firstly you should learn how to use tools smartly, also various regulatory standards and restrictions set a particular allowed level of leverage that is considered to be safe.