LegacyFX Review: Regulation, Fees and Accounts
LegacyFX
Cyprus
Your money is at risk
LegacyFX overview: what kind of broker is it?
LegacyFX is an ECN/STD forex and CFD broker based in Cyprus, founded in 2012. Regulation: VFSC, CySEC, NBRB, BaFin, FCA, FSP.
Traders get MetaTrader4 and MetaTrader5, spreads from 0.3 pips, leverage up to 1:200 and a $250 minimum deposit. New clients can also check the current Free Trading Signals.
Tradable markets include Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs.
LegacyFX broker specifications
Company and regulation
| Broker | LegacyFX |
|---|---|
| Regulated by | VFSC, CySEC, NBRB, BaFin, FCA, FSP |
| Type of broker | ECN/STD |
| Country | Cyprus |
| Foundation year | 2012 |
| Website | Visit LegacyFX website |
| Website languages | English, Arabic, Spanish, German, Russian and More |
Trading conditions
| Minimum deposit | $250 |
|---|---|
| Maximum leverage | 1:200 |
| Minimum spreads | 0.3 pips |
| Base currencies | USD, GBP, EUR |
| Tradable instruments | Forex Currencies, Commodities, Indices, Stocks, Bonds, Futures, Exchange Stocks, Exchange ETFs |
| Hedging / scalping | Allowed |
| News trading | Allowed |
| Web trading | Yes |
| Mobile trading | Yes |
Bonus and promotions
| Current promotion | Free Trading Signals |
|---|---|
| Welcome bonus | Free Trading Signals |
| Standard no deposit bonus | No |
Contact details
| Telephone | +41315087455 |
|---|---|
| Email / Skype | support@legacyfx.com |
| Fax | +41315087455 |
| Head office | Q Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus |
| Contact form | Contact LegacyFX |
LegacyFX pros and cons
Pros
- Regulated: VFSC, CySEC, NBRB, BaFin, FCA, FSP
- Free Trading Signals
- Low $250 minimum deposit
- Spreads from 0.3 pips, ECN/STD execution
- MetaTrader4 and MetaTrader5 and more platforms
- Islamic, mini, VIP and managed accounts
- 8 deposit and withdrawal methods
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
LegacyFX account types
LegacyFX offers several account options so beginners and experienced traders can both find a fit. Live accounts start from a $250 deposit.
| Free demo account | Yes – practise with virtual money |
|---|---|
| Mini account | Yes – smaller trade sizes for beginners |
| VIP account | Yes – for high-volume traders |
| Islamic (swap-free) | Yes – no overnight swap charges |
| Swap-free account | Yes |
| Managed account | Yes |
| Segregated client funds | Yes |
LegacyFX Review, Rating and Updates Information
Discover the latest review, rating, and updates information about LegacyFX, a popular online trading platform. Find out what users have to say and stay informed on the latest news and updates.
LegacyFX trading platforms
LegacyFX runs on MetaTrader4 and MetaTrader5, which give you advanced charts, more timeframes, an economic calendar and support for expert advisors. Web trading and mobile trading are both available.
Find detailed LegacyFX review, ratings, and the latest updates information on this page. Get insights into the trading platform, services, and user experiences to make informed decisions.
LegacyFX deposit and withdrawal methods
LegacyFX supports the deposit and withdrawal methods below. Check the fee and processing time for your method before you deposit.
Banks and cards
E-wallets
Crypto
Withdrawal methods
Is LegacyFX safe and legit?
LegacyFX is a regulated broker. VFSC, CySEC, NBRB, BaFin, FCA, FSP. The broker says client money is kept in segregated accounts, separate from company funds.
Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:200.
Our verdict on safety
LegacyFX suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
Risk warning: CFDs are complex instruments and carry a high risk of losing money quickly because of leverage. Only trade if you understand how CFDs work and can afford to lose your money.
Full LegacyFX review
Discover the latest reviews, ratings, and updates on LegacyFX, a leading trading platform. Stay informed and make informed decisions based on accurate information.
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