LegacyFX Review 2024 Competitive trading products and service

LegacyFX are able to accommodate various levels of traders whether you are experienced or a beginner. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Overall, however, LegacyFX struggles to compete with the best MetaTrader brokers, and its lack of numerous regulatory licenses ultimately brings down its Trust Score.

Top 3 Forex Brokers

Familiarizing yourself with the LegacyFX trading platform is crucial to use it effectively. LegacyFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a LegacyFX practice account, users can gain experience and knowledge of how to trade effectively.

Trading Risk Disclaimer

Im very honest to say that im proud to be part of this company. Mia help me instantly to register and in a very professional manner. The registration went smooth and it let one feel you dealing with professional people whose intentions are to help others in need. My investment is save and i know with there help it only can get better. Once a withdrawal request is submitted, it can take up to 3 business days to process the request.

LegacyFX Review Conclusion

From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. The functionality of the site made setting up a profile simple to do, with the standard questions about employment status and source of funds being easy to navigate.

Making a Deposit

The pleasant moment is that LegacyFX does not charge any fees on credit card/electronic wallet deposits as well, yet this may vary from one rule to another. Based on our finds, LegacyFX offers some of the lowest dealer spreads in the business, starting at 0.6 pips. Variable spreads for major forex pairs such as EUR/USD start at 1.6 pips with the Silver account. Spreads get tighter with the Gold and Platinum accounts, going down to 0.6 pips.

In addition, publishing its average spread data each month and improving its research and education offerings would help bring LegacyFX closer to the industry average. LegacyFX’s educational offering is in line with the industry average – at least when it comes to its video content. Their educational Academy section is well organized, with video courses and lessons arranged by experience level. My name is Joan Campbell I have been following the Legacy Fx channel since 2019.

While we found the LegacyFX phone support satisfactory, there is room for improvement in response time. You can trade a wide variety of instruments with LegacyFXover 200 instruments in fact. LegacyFX is regulated.This means LegacyFX are supervised by and is checked for conduct by the Vanuatu Financial Services Commission (VFSC) license number regulatory bodies. Remember, LegacyFX needs to be your partner in your trading journey.

Hello, I would like to write about this broker, I’m so happy with them, particulary with John Thompson my lider on this. Also he makes it very close, he calls you right away when something is going good or bad. I appreciate his job, I would recommended 100%, you can start with trading perfectly with him, he explains you, he has a lot of patience.

The process starts by clicking on the payment button at the top of the WebTrader platform, or the Trader Toolbar sidebar on the Legacy FX web page. There are plenty of payment options to choose from, including credit/debit cards and multiple e-Payment agents. The maximum leverage of the Gold package remains the legacy fx review same, and all the possible incentives and features are part of the “VIP” package. To get such mouth-watering trading conditions, though, traders need to be ready to spend up to $25,000. To further enhance trading conditions, traders can resort to the Platinum account, which drives spreads as low as 0.6 pips.

As such, for the comparison, we picked the trading fees of the STANDARD account. From our expert point of view, LegacyFX is the best option for both novice and professional traders offering favorable conditions and a great education. As for the minimum deposit amount, the Silver account at LegacyFX requires 500$ as a start, while other accounts deploy higher levels of first deposits.

Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments.

1. Cryptoasset investing is highly volatile and unregulated in some EU countries.
2. From the moment you submit and confirm the request to withdraw money from your account the accounting department of LegacyFX typically processes and confirms withdrawal within 3 business days.
3. Also he makes it very close, he calls you right away when something is going good or bad.
4. Eventually I got a new manager and then they closed down the telegram pages and say that all recommendations are via the website.
5. We are extremely happy to hear that our clients are satisfied with our team.Keep a good mood, and together we are going to achieve success.Sincerely,The team of Legacy FX.
6. These payments are usually instant, though some providers, such as Skrill, can take up to half an hour to clear.

We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Other advantages include quality customer service and a well-stocked education centre offering various tutorials, webinars and eBooks. 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.

A forex broker scam in simple words refers to fraudulent activities posing as legitimate forex brokers provided by dishonest individuals or entities. Scams typically deceive traders by misrepresenting their services, manipulating trades or prices, withholding funds, or engaging in other unethical practices to exploit unsuspecting clients for financial gain. We https://forexbroker-listing.com/ would like to thank you for choosing LegacyFX and for taking the time to leave your positive feedback. We are trying our best to provide the necessary tools and services to our clients. We are extremely happy to hear that our clients are satisfied with our team.Keep a good mood, and together we are going to achieve success.Sincerely,The team of Legacy FX.

We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. LegacyFX offer technical analysis videos from their in-house experts who analyse the market trends. These can help inspire trade ideas and assist in decision making.

The minimum deposit requirements are high though and traders will need to deposit 25,000 USD or more to get access to this account. 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.

Most of the time, forex investors buy into a currency pair like Japanese Yen and Pound Sterling. The foreign exchange market has you compare the movement of these two assets, and your speculation will determine if the prices are converging or diverging. Yes, you can open a live account and a demo account simultaneously. You are free to switch between the two accounts from within the platform. You can open a live or demo account from the main menu on the broker’s homepage, where you will be taken to an online registration form. You will need to submit identification documents to register for a live account.

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. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. I’ve just funded my account but I haven’t started trading these 5 stars are for Kai Evans, Rose Aubrey and Jason Wolf. They are very patient and they do not give up on their clients. LegacyFX really cares for their clients, am still new I’ve just joined the company and their service is amazing!.

Most major card providers, including Visa and Mastercard, are accepted, and processing is usually instant. Currencies accepted are EUR, GBP and USD, and the minimum deposit amount is US$500. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. The ways of adding funds to a Legacy FX account are fast and cost-effective.