LegacyFX broker review and analysis 2024
LegacyFX is a forex broker that has been around since the early days of home computing and the Internet. Legacyfx is a "forex" broker that has been around…
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What is legacyfx broker?
Legacyfx is a "forex" broker that has been around since the early days of home computing and the Internet. They are a largest forex brokers, but they have a loyal following of traders who do a lot of business with them because they see their system as fair and honest - two characteristics that are not all that common in the industry.
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The broker is offering Forex and CFD's trading and providing binary options to trade on various assets. All of these types of trading are welcome by their system without discrimination.
Official details of the Company
The broker Legacyfx was founded in 2017. The Company Legacyfx Ltd. is a Cyprus Investment Firm that operates through the following subsidiaries:
LegacyFX Broker Limited, registered in Cyprus under license no. 301/16 and regulated by the Cyprus Securities and Exchange Commission (CySEC), with its Registered Office on the 3rd floor, New York Street 11 34 Nicosia – Cyprus. The Company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license no. 301/16.
Legacyfx forex broker offers traders to trade CFDs on currency pairs, metals, indices, and stocks. The platforms available at Legacyfx are Metatrader 5 (MT5), FIX API, Fast connection via SSL/TLS with a possibility to withdraw money using Perfect Money and BitCoin.
Account types of the broker
Legacyfx is offering traders seven different types of accounts: Standard, Bronze, Silver, Gold, Platinum, Premium, and VIP, which have been designed to meet the trading needs of every client.
Legacyfx Standard account is a retail account for buy and sells transactions in the market. There is no commission on the transactions but a minimum trade size of 0.01 lots (10,000 units of the base currency). A trader can open a standard account with Legacyfx with a $500 deposit.
Legacyfx Bronze account is similar to Standard account with some benefits from lower spreads, free withdrawal of funds once per month, access to the platform MT5 (MetaTrader5), and 24/5 support. The minimum deposit is double than the Standard account the amount is $1000.
Legacyfx Silver account has access to historical prices data, free withdrawal of funds twice per month, bonus system - up to 50% bonus on every deposit made in this account. There is also a special margin which is called "Dedicated margin," for this account. If you want to trade with a silver account you need to deposit $3000 in your account.
Legacyfx Gold account has a much higher initial margin, access to all types of orders, and a bonus system as well as a silver account. There is also an additional amount in Bitcoins which is available for depositing funds at Legacyfx broker. A trader must deposit a $5,000 in their account while opening as a gold member.
Legacyfx Platinum account offers traders to make deposits of up to 100 BTC (Bitcoin) per month, and there is no commission on withdrawal. There are also two different types of benefits that can be used by the trader - Millennium benefit and Infinity benefit, as well as a bonus system. A Platinum account is required $10,000 for starting trades.
Legacyfx Premium account has a lot of additional benefits for traders, including the use of non-standard accounts that allow increasing or decreasing the leverage. To open an account as a Premium you need to start with $25,000.
Legacyfx VIP account offers traders to open trading accounts with 0% Commission until 31st December 2017. There are also additional bonuses for deposits made in all. However, if you want to open an account with VIP facilities, you have to deposit $50000 or more in your account.
Sponsorship deal of Legacyfx with Real Betis
Legacyfx broker sponsors Spanish football club Real Betis Balompie which plays in La Liga. The deal was signed on 1st August 2017, and it will last till 30th June 2022.
According to the multiple news sources and deal with the club, the deal is set for initially two years and if both sides want then they will be eligible to extend it for two years. Stipulates that LegacyFX's brand name will be included on the back of the football club's jerseys.
The brand-new partnership adds LegacyFX to the team. They'll be one of the club's 15 international agreements. The club only has 35% of its turnover from these partnerships, but LegacyFX is a friendly company that we like to work with. That is said by Ramon Alarcon, who is the GM of the club.
In agreement with Spanish football club Real Betis Balompie to be its main sponsor for upcoming few years. This sponsorship aims to increase the Company's brand awareness and attract new clients to its trading platform.
Dose Legacyfx offers free forex signals.
LegacyFX broker offers its traders a free trading signal service called "Daily Calls" that provides financial market research on Forex. The traders receive SMS messages about new recommendations for trading from LegacyFX brokers every day from the Company's analysts. Signal providing is a specialty of the broker; that's why many new traders are engaging with them every day. Traders can turn on the notification options that will help you to get the most updated trading signals from the broker. In this following link, you can get access all over the trading signals that are offered by the broker https://int.legacyfx.com/trading-tools/signals
Conclusion
Maybe the broker is not too old in the market, but they have offered good trading services to traders since they were established in 2017. They also got their trading license from the CySEC authority. Note that we are not inviting anyone for trading; we are just showing the reality of a broker; the investment and trading risks are yours. Link: Free Forex Trading Signals
