LegacyFX Review

LegacyFX has been providing brokerage services since 2017. The MiFID-compliant broker is regulated by CySEC and the National Bank of the Republic of Belarus. Originally founded in 2012, LegacyFX rebranded and relaunched its services under new management in 2017. Presently, LegacyFX is owned and operated by “A.N. All New Investments Ltd”, a financial investment firm, based in Larnaca, Cyprus. The brand provides currency pairs, metals, commodities, stocks and indices for trading on its platform across multiple devices.

 

The company provides its clients with a competitive trading conditions; no overnight fees, negative balance protection and funds segregation. LegacyFX states on its website: “We execute each order you place with us in Financial Instruments provided us by always being your counterparty; we act as a principal and not as an agent on your behalf”. This describes the brokerage model of LegacyFX as that of a dealing desk/market maker, with all client orders fulfilled in-house.

 


Some of LegacyFX’s most notable features:

  • The broker is authorized and regulated by CySEC.
  • Trade over 200 financial instruments using the MetaTrader5 platforms.
  • “LegacyFX Academy” has over 80 video lessons for training of beginner traders.
  • Multiple payment options for deposit and withdrawals.

 

LegacyFX trading information

 

Minimum position size 0.1
Pip spread on majors  
Spread Type variable, fixed
Maximum Leverage 30
ECN, $  
STP, $  
Standard account, $ 5000
Micro account, $ 500
Popular payment methods E-wallets (Neteller, Skrill and more), wire transfer, Credit
Account currencies UDS, EUR, GBP
Available assets Forex, CFDs on Indices, Commodities, Metals, Cryptocurrencies and Stocks
Languages English, Spanish, Italian, German
Platforms MetaTrader5
Broker type STP
Regulation CySEC, BaFin, FCA
Foundation 2017