legacyfx co Reviews

Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker. For me, the unique feature at LegacyFX is the absence of swap rates on leveraged overnight positions, especially for equity traders. It lowers trading costs significantly and has a notable positive impact on profits. I want to stress that the benefit kicks in for traders who keep positions open for more than a week.

All trades are conducted according to our Terms and Conditions, which you signed and agreed to. If you may need any further assistance, please do not hesitate to contact us at Thank you for taking time to post a review about Legacyfx.com. Trading Forex carries a high level of risk and it may not be suitable for all investors since you may lose all your invested capital. The account holder is responsible for the trades placed in his/her own trading account, since you are the only one that has access to the account.

I reluctantly paid this but was still denied access to my funds. I started calling the customer support but i received no response or feedback. This went on for days until i reported them to the FCA, whom informed me about the illegitimacy of their operations.

It’s available via Web Trader, via download, or as an app on your smartphone or tablet. It adds access to trading plans and the Dealing Room direct line. The accounts offer all the same introductory features, including exchange-free trading which is a highlight. Unfortunately, you can only profit from mobile trading with the Platinum account.

They may manage multiple accounts from a single dashboard without creating an investment funds, enjoy high-volume pricing, choose trading conditions, and use a flexible commission system based on results. In order to python bottle vs flask sign up for a PAMM account you have to email the company at Clients can take advantage of their trading signals and an economic calendar. Their pivot calculator will help you compute pivot points on exchange rates.

You will also need to find out if they’re trustworthy enough for you to invest your hard-earned money in them. Most importantly, you have to know if the services they offer meet your standards, and you can rest assured that you will not encounter any problems in your trading journey with the broker you choose. Despite being a relative newcomer on the online forex broking scene, LegacyFX has comparable services to many well-regarded brokers that have been around much longer. Funds can be deposited into a trading account via credit and debit cards, bank wire transfer, Neteller, Perfect Money, Rapid Transfer, Alipay and others. The video lessons are predominantly geared towards beginner traders and provide useful information about the basics of trading and key market terms. Trading costs such as spreads rates vary depending on the instrument being traded and account type opened and are covered further down this review.

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LegacyFX categorizes its clients into various account types based on their initial deposits. The higher your initial deposit is, the more advantages you can get. I am not a fan of this setup as I think that all traders should be given access to the evolve markets review same conditions. Never the less, I can understand and respect the broker decision to incentives traders. A contract for differences is a financial contract that pays the differences in the settlement price between the open and closing trades.

LegacyFX is a broker catering to international traders as a duly registered and regulated broker from Vanuatu. Customer support is available Monday through Friday between 0800 and 2400 (GMT+3). LegacyFX provides its registered office address in Vanuatu, an official phone number in Switzerland, a messenger with a UK landline, e-mail addresses, a web form, and live chat. An FAQ section answers some questions, and I recommend live chat or phone support as the most convenient contact method if traders require assistance. I did not find a time restriction on the LegacyFX demo account, available directly from the MT5 trading terminal.

This promotion is solely for new account holders, and dependent on the first-time deposit. Forex brokers tend to lure new traders with offers of attractive deposit bonuses. This can be useful, but it is essential to discern what a proper bonus is. LegacyFX also provides Islamic Accounts for those who prefer a no-interest income. A Demo Account with a virtual balance of $50,000 is also available.

An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. When deciding whether a platform is good for beginners one of the first things we look for is whether or not the broker offers an extensive educational library. Fortunately LegacyFX does meet the bill by offering a wide range of courses, tutorials, webinars, and more. They also offer periodical market research and analysis to help traders at every level make sound decisions.

A little bit of preliminary research can go a long way in protecting you and your finances. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.

This page may not include all available products, all companies or all services. I’ve always wanted to be a trader but I wasn’t getting the right broker to equip me with the relevant knowledge. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. If any one wants to see their money last time please part of this company. After you lose all your money, they just blame it on the market. I am in the process of contacting the Cyprus FCA, and financial ombudsman of Cyprus, to look into my case, and hopefully stop these people from trading, and scamming anyone else.

Is LegacyFX legit?

Best experience of my life since i joined hands to forex, there signals free support and analysis are top notch at power. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Please read LegacyFX Reviews below and share live trading experiences with this broker. The same method as used to fund an account must usually be used to withdraw money and monies will be only refunded to accounts in the same name as the trading account. More information on commissions can be obtained from the customer support service. Using a higher than necessary leverage can work against a trader as well as for him.

Beware in the U.K.,as they also have a temporary licence to ply their trade in the U.K.,although I have also alerted the FCA in London of their modus operandi. LegacyFX is a forex broker established in 2017 and registered with SySEC , and VFSC . They will suck you dry and leave the account with a big fat $0 balance in no time and take off with your money. They give a beautiful picture of profit (every month 15-25% profit) and try to suck all your money. As far as regulations are concerned, the broker is regulated by the CySEC. It is important to note that the broker does not allow trades from certain countries such as Israel, USA, Syria, Iran, North Korea, Afghanistan, Somalia, Myanmar, Iraq, Yemen, South Sudan, and others.

It is all because of the list of features and benefits that LegacyFX provides. The features that LegacyFX brings as a trading platform enhance the value a lot not only for experienced individuals but for the newbies as well. When it comes to the user experience, LegacyFX provides all the services that you may need to ensure a better and safer experience. Whether it is regulation, transparency, protection, better rates, or anything else. With LegacyFX you can place your trades on anything that catches your interest. The forex spread is the difference between a forex broker’s sell rate and buy rate when exchanging or trading currencies.

FXTM Islamic Account

You can request a reduction in spreads if you trade enough volume each month. I think this is a nice incentive and appreciate that they advertise this openly. There are many other brokers who will reward you for your loyalty but not all will publicly say this.

Customer Support

Traders must also submit their Tax Payer Identification Number , which other offshore brokers do not require. On long-term positions, negative balance protection, and client funds are separate from LegacyFX’s funds. In simple words, it means the broker fully establishes its business according to necessary laws and principles of operation, eventually dedicated to protecting clients and enabling market integrity. Unlike ,your respond to me this review is not a system generated signal of bad review but from a short experience with your scam platform. Any ethical business would have taken responsibility for their so called staff. Unless, this is your policy ” get out guys attract as many people as you can then we empty their pocket with bullying and wrong signals” ??

One of the first things a potential trader needs to establish is whether a broker like LegacyFX is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Ethereum is the second-largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform. Withdrawals to credit cards can only be done to the total amount of the deposit from that particular card.

They place trades without using any stop loss, and when the equity falls to critical levels they ask for more money to shore up the account. Once they have bled you dry, they allow the account to blow up, after which they tell you they are not responsible as you are the one who presses the button to initiate the trades. Additional features offered are signal service, AutoChartist plugin for MT5, market analysis, and news and trading opportunities. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. As an incentive to deposit and start trading, LegacyFX awards risk-free trades based on the size of the initial deposit.

responses to LegacyFX

Equity trading requires $3,000, and access to the dealing desk is available from $5,000. When it comes to trading fees, things get a bit complicated at LegacyFX. The spreads on all assets, and the commissions for equity CFDs, are very high, making LegacyFX an expensive broker for scalpers and short-term traders unless they have a minimum of $25,000 to deposit.

LegacyFX is a regulated trading broker with a competitive range of trading products and services, including CFD trading via the powerful MetaTrader 5 platform. They have a decent selection of account types, funding options, trading instruments, educational materials and robust trading tools to asset with your market analysis. The broker also provides market news and technical analysis reports, as well as, educational content in the form of videos and courses. LegacyFX extends comparative advantages to all its customers in an effort to provide all traders with additional trading strength and control.

We are sorry to understand that You have had such a troubling experience. It is an insight providing us with the point of view a customer crucial for the improvement of our service quality and accessibility. trading for beginners We are grateful that You have pointed out the issues that You are facing so we can focus on improving these areas. Your opinion matters to us as we strive to improve the quality of our services.