Pros
  • Accounts have negative balance protection and segregated from company assets
  • Mainstay on customer popular MT5
Cons
  • High minimum deposit
  • Swap-free account available for all clients

Reviewed broker: LegacyFX

Company: AN ALL NEW INVESTMENTS (VA) Limited

Location: Republic of Vanuatu

Regulation: (VFSC) Vanuatu Financial Services Commission

Trading instruments: Shares, Indices, Forex, Commodities and Cryptocurrencies and CFDs

Trading Conditions and Features

No rollover fees on long-term positions, negative balance protection, client funds are separate fro m LegacyFX’s funds.

Free trading tools – trading signals and indicators, Algo-trading services and copy-trading

Simple and easy execution – of deposit and withdrawal by renowned banks.

Minimum trade size: 0.01

Maximum leverage: 1:200

Fixed spreads: start from 2.4 pips

Islamic account: available

Trading instruments: forex, commodities, CFDs

Free educational material: available

Market analysis: yes

Mobile trading: yes

Legacy FX Account Types

ISLAMIC ACCOUNT
The LegacyFX Islamic account adheres to the principles of Islamic law regarding banking activity and Riba (interest). It is an interest free or swap free account type, for those who, for religious reasons cannot trade on interest/swap incurring accounts. 

LEGACYFX PAMM ACCOUNT

Benefiting from the cooperation between Account Managers and Investors, PAMM Account is an effective and novel tool, designed for an effective and transparent trading experience.

Demo Trading Accounts are limited to 1-month. 

Trading Platform

MT5 Mobile Platform

  • More Pending Order Types: Traders can place eight types of pending orders to get more precise control over open positions.
  • Cryptocurrency Trading:MetaTrader5 supports the trading of cryptocurrencies with a set of new and unique crypto features.
  • One-Click Trading: MT5 simplifies the process of opening a new position with a single click.
  • More Technical Analysis Tools: MT5 includes additional technical tools, which provide options to choose from over 21 timeframes for charting and nine additional techniques for chart structuring.
  • Clear Segretion: MT5 allows segregation between the terms of order, position, and transaction.
  • Optimised Strategy Tester: Improved testing capabilities for expert advisors and detailed presentation of results.
  • Improved EAs: Integrated MQL Forex market product tabs for EAs.
  • Economic Calendar: Traders can now stay up-to-date on economic events, data, and indicators in real time, every hour, for market monitoring.

LegacyFX MT5 Desktop Platform

Offers superior tools for comprehensive price analysis, use of algorithmic trading applications, and copy trading.

Opening a Metatrader 5 Demo Account is the best way for a new trade to check out the platform, get familiar with the tools and learn trading techniques.

Payment Options for Deposit and Withdrawals

Minimum deposit: $500

MethodCurrenciesMinimum DepositProcessing TimeFees
  credit cardsEUR, USD, GBP500 USDInstant, 24/7A closure fee of 50 EUR/USD/GBP
may be charged for withdrawals
wire transferEUR, USD, GBP500 USDDepends on the banks. Normally 1-3 days A closure fee of 50 EUR/USD/GBP
may be charged for withdrawals
NetellerEUR, USD, GBP500 USDInstant, 24/7A closure fee of 50 EUR/USD/GBP
may be charged for withdrawals
SkrillEUR, USD, GBP500 USDUsually between few minutes to half an hourA closure fee of 50 EUR/USD/GBP
may be charged for withdrawals
BitcoinEUR, USD, GBP500 USDUp to few hours, depends on the blockchainA closure fee of 50 EUR/USD/GBP
may be charged for withdrawals

Promotions and bonuses: not available

Customer Support and Forex Education

Customer support: phone, email, chat 

Wide range of tutorials and courses covering all levels, from beginners to experienced traders.

Live webinars examining main events in the market and analyzing different approaches.

Periodical market research and analysis – by top financial experts on currency, commodities, stocks and more.

Financial trading tools – including economic calendar, glossary and calculators to support trading.

How was the rating of LegacyFX performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Legacy FX broker performance and features. 

Overall our online Legacyfx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Legacyfx or you find inaccurate details Legacyfx broker review please get in touch with us and the changes will be applied. 

LegacyFX Details

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