LegacyFX Review – Is LegacyFX Scam or a Legitimate Broker?

LegacyFX Review

With its headquarters in Cyprus, Legacy FX is a reputable market-leading forex brokerage that offers online trade solutions. They provide the most recent technology and trading platforms and are among the most open FX brokers available.

Through their multilingual operation, LegacyFX offers trading in cryptocurrencies, forex, stocks, and other financial assets. Read this LegacyFX review to know further details.

About LegacyFX

Known for its excellent trading platform, affordable trading fees, and engaging mobile trading app, LegacyFX is a prominent online CFD broker. 2500 financial instruments, negative balance protection, and excellent customer service are all available to traders. For research resources and educational materials, this broker performs below average.

For experienced traders seeking a user-friendly trading platform to trade CFDs on, we suggest Legacy FX. Discover the ins and outs of trading with Legacy FX with our comprehensive study.

LegacyFX Trading Instruments

Over 1000 financial assets, including Forex, commodities, indices, virtual currencies, and stocks, are available for trading through legacy forex brokerage and trading services.

Their cryptocurrency trading terms include 24/7 CFD trading on Ethereum, Dash, Bitcoin, Ripple, Litecoin, and other altcoins without the need to hold a wallet, leverage up to 1:5, and competitive swap rates in the market.

Trading Platform LegacyFX

Currently, LegacyFX offers a single primary platform.

• The Metatrader 5

The platform for Metatrader 5 is referred to as “MT5” within the trading community. Traders and investors all over the world have made MetaTrader 5 their go-to multi-asset platform for trading Forex, CFDs, and futures because of its new and improved features, which elevate the professionalism and accuracy of online trading to new heights.

Principal benefits of LegacyFX MT5

• One-click trading: Placing a buy or sell order just takes a fraction of a second.
• A historical data center and a cutting-edge, quick, high-precision strategy tester
• The “Depth of the Market,” or the volumes that are offered at the current price levels
• Low spreads starting at 0.6 pip
• Built-in technical indicators, scripts, graphic tools, and expert advisors guarantee the greatest level of accuracy in technical analysis and offer crucial support for decisions and transactions.
• In addition to being MT4’s replacement, MT5 raises the bar for trading.

Deposits and Withdrawals at LegacyFX.com

The most common and safest payment methods are among the options for adding money to the trading account. The minimum deposit is 500 US dollars, but larger deposits may be needed for PRO accounts and active traders to pay all required margins. All deposits and withdrawals made using major credit cards (in EUR, USD, or GBP) are processed instantly and without any additional costs.

The customer must submit an online request and select a destination for the money transfer to remove monies from their account (nominated bank). The inactivity fee is not imposed by LegacyFX.

Financial Calendar

Several drawing tools are available in LegacyFX that can be used to study trends. By selecting the chart type, pricing type, and time intervals, users can alter the appearance of their charts.

50 indicators are now available, which is more than normal thanks to LegacyFX. Moving averages, volume underlays, and Bollinger Bands are the most popular technical indicators.

Deposits

Deposit fees are not imposed by LegacyFX. Restrictions and limitations on deposits depend on where you live. There is a maximum deposit amount on their platform. Bank transfers are preferred for larger deposits up to $300,000.

Withdrawals

The LegacyFX fee schedule is reasonable. Five withdrawals are free for traders each month. Overdrawals are subject to a $10 surcharge each. No-fee withdrawals are subject to a minimum withdrawal requirement. Paypal demands a $50 minimum withdrawal. The minimum withdrawal amount for bank transfers is $100. Traders using the Legacy FX platform can access the withdrawal schedule with no fees by clicking the corresponding link on their platform.

Conclusion

For these reasons and more, we rank LegacyFX, a regulated forex broker, as one of our top brokers. They are open and honest about everything, and they are constantly looking for ways to improve your trading experience with innovations.