LegacyFX Review 2025: Is This Forex Trading Broker Scam or Legit?

LegacyFX provides an extensive education and research section to help traders improve their skills. The education materials cater to all levels, from beginners to more advanced traders. These tools are designed to give traders the knowledge they need to make informed decisions in the market. Yes, LegacyFX offers a free demo account, allowing traders to practice and familiarize themselves with the platform without risking real money. For those interested in a deeper understanding of how LegacyFX protects its clients’ investments, the broker provides a detailed ‘Security of Funds’ section on their website.

• Allnew Investments Ltd., which is authorised and regulated by the Cyprus Securities and Investment Commission (CySEC); and AN ALL NEW INVESTMENTS (VA), regulated by the Vanuatu Financial Services Commission (VFSC).
• This ensures that traders can receive prompt and effective assistance whenever needed, regardless of their location or time zone.
• LegacyFX operates under the oversight of the Vanuatu Financial Services Commission (VFSC), ensuring adherence to international regulatory standards.
• The messenger app WhatsApp shows a UK-based landline, available via the WhatsApp business app.

How to Open LegacyFX Live Account?

MetaTrader 5 has impressive features, including 21 timeframes, 38+ built-in technical indicators, and an extensive range of charting tools, making it ideal for detailed technical and fundamental analysis. The Silver Account provides traders with more advanced features, catering to those who are ready to explore intermediate strategies and improve their market knowledge. LegacyFX’s cryptocurrency trading offers traders flexibility and convenience, allowing them to profit from market volatility with lower capital requirements. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.

The asset selection remains average, and while spreads and commissions are high, the lack of swap rates results in a competitively priced broker for traders who maintain positions for more than five trading days. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

Additionally, LegacyFX offers a dedicated blog and video library that provide regular market updates, trading tips, and insights into the latest financial trends. This commitment to education helps ensure that all clients have the tools and knowledge necessary to navigate the markets more effectively. LegacyFX responds adeptly to the burgeoning interest in cryptocurrency trading by providing its clients with the opportunity to trade popular digital currencies like Bitcoin, Ethereum, Litecoin, and Ripple. These offerings are equipped with competitive leverage options and notably low spreads, making it easier and more cost-effective for traders to engage with the volatile crypto market. This accessibility is particularly appealing to both novice and experienced traders looking to diversify their portfolios with digital assets. By including cryptocurrencies in its trading instruments, LegacyFX ensures that traders can capitalize on the dynamic price movements and potential high returns that cryptocurrencies often provide.

LegacyFX is a multi-asset CFD broker originally founded in 2012 but relaunched under new management in 2017. The firm is based in Vanuatu, and offers a wide variety of assets, including forex, stocks, indices, CFD instruments, commodities and cryptocurrencies. The broker offers a broad range of account types, with something to suit almost any trader, from complete beginners to professionals. Trading conditions are legacy fx review excellent for long-term investors as well as day traders. There are no swap fees on long-term positions and no hidden commissions and fees.

In addition to MT4, LegacyFX also provides a WebTrader platform, which allows traders to access their accounts directly from their browsers without needing to download any software. LegacyFX also provides account managers with PAMM accounts, enabling a complete portfolio management solution. This allows smaller account management firms and skilled traders to build their asset management business with control over parameters. As a MetaTrader-only broker, LegacyFX offers a decent variety of instruments with 425 symbols and 41 forex pairs – all available on MT5.

Are Islamic accounts available at LegacyFX?

There is also a good choice of trading tools and market analysis resources, so customers will feel well-supported by the broker in carrying out their trading activities. LegacyFX provides a variety of account types to cater to different trading needs. Each account type comes with its own unique benefits, such as reduced spreads, lower commissions, and access to more advanced tools for traders. Equity trading, which I find the best offer at LegacyFX, requires a minimum deposit of $3,000, while access to the direct dealing desk is available from $5,000. LegacyFX offers swap-free accounts by default, meaning no rollover interest or swap fees are charged on positions held overnight for the first seven days. This applies to all trading instruments, providing an advantage for traders who wish to avoid overnight fees.

What is the minimum deposit required at LegacyFX?

• We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
• He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years.
• This flexibility enhances LegacyFX’s global appeal, making it a preferred option for traders seeking a broker with comprehensive regulatory oversight.

MT5 is one of the best applications for traders, and it has all the bells and whistles for navigating the markets. The software system is free, and it allows traders to perform orders, analysis, and charting functions, all without skipping a beat. We are everything join with legacyfx for get that telegram service are you stopped it.

BlackBull Markets

Although LegacyFX does have some educational features, they are not overly comprehensive. Recognized with multiple awards, including “Best Trading Education MENA” and “Most Innovative Forex Broker Africa,” LegacyFX stands out for its industry excellence. Keep reading to discover if LegacyFX is the right broker for your trading journey. All websites and web-based platforms are tested using the latest version of the Google Chrome browser.

Legacy FXMT5 TRADING PLATFORMS

AM GLAD ABOUT THE SUCCESS STORY I GAINNED FROM FINANCE CHARGE BACK,A bunch of scammers. The use of MT5 is a huge point in LegacyFX’s favor, as not many other brokers use this software, preferring, instead, to stick to MT5’s predecessor, MetaTrader 4. The fact that MetaTrader 5 is a mainstay of this broker makes it unique—in a good way. Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines. You can’t withdraw funds, they charge a fee even after you submit a withdrawal request.

Retail traders with portfolios below $25,000 must accept higher spreads, but the absence of fees on overnight positions piqued my interest. I reviewed LegacyFX to conclude if the swap-free offer creates a competitive advantage. LegacyFX offers a well-rounded selection of financial instruments, making it a suitable choice for traders looking to diversify their strategies. The broker provides access to multiple asset classes, allowing traders to engage in different market conditions and hedge their positions effectively. The platform is available on desktop, web, and mobile devices, allowing traders to manage their positions anytime, anywhere. In addition to MT5, LegacyFX provides various trading tools, including economic calendars, market analysis, and risk management features to enhance the trading experience.

LegacyFX Bonuses & Promotions

At LegacyFX, non-trading fees are kept to a minimum to ensure that traders can manage their investments more efficiently without undue financial burden. The broker does not charge any fees for deposits, making it easier for traders to fund their accounts as needed. Most withdrawal methods are also free, though some options might incur a minimal charge depending on the payment service provider or the specific terms of the transaction. Additionally, LegacyFX applies an inactivity fee to accounts that have remained dormant for an extended period, which is a common practice in the industry to encourage active trading or account closure. This fee structure is designed to be transparent and fair, aligning with industry standards while supporting the financial well-being of active traders. Key to LegacyFX’s commitment to safety is the stringent protection of client funds.

The silver account gives you access to stock trading, trading psychology evaluations and protected trades. The features mentioned for the silver, gold, platinum, premium and VIP accounts are not available in the standard or bronze accounts. Additionally, LegacyFX is focused on making the client compliance system work better. The advanced, automated system approves clients within a few hours (maximum 24). The broker also has dedicated customer support and quality assessment teams, which review all communication channels with clients.