In regards to charting, the platform features an impressive range of time frames, chart types and drawing tools. Above and beyond that though, LegacyFX is regulated by CySEC, which means that it is MiFID-compliant. The MiFID directives compel brokers to treat the funds their users deposit according to certain standards , and to adhere to strict guidelines in every operational aspect.

LegacyFX is a Cypriot forex broker company that was founded in 2012 and is based in Larnaca. In 2017, LegacyFX rebranded and relaunched its services, now being owned and operated by All New Investments Ltd. . LegacyFX does not offer deposit bonuses but maintains a Loyalty Program for affiliates. The structure is a mix of minimum equity, executed trades, and referred traders, an intelligent concept I like, but the rewards remain unattractive. The highest of the four tiers grants a gift card limefxh an unspecified amount. LegacyFX does not provide benefits traders can use but branded merchandise and additional content.

Is LegacyFX regulated? – Regulation and financial security

Regardless of the trading conditions provided by Legacyfx, we do not recommend that you trade limefxh it as it is unregulated and likely to be a scam. He can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer. LegacyFX accepts deposits via bank wire transfer, Mastercard and Visa credit card, Neteller, Skrill, VLoad, and Bitcoin. This broker won’t charge you any fees for deposits, but the minimum deposit is 500 USD.

CFDs are considered complex derivatives and may not be suitable for retail clients. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate.

This was so that it would be ‘worth their time’, ‘you do something for me, I do something for you ‘ etc. I disagreed limefxh about 50% of the trading suggestions but mostly went along limefxh them. I often risked 50% of the equity as limefxp loss limefxhout realising it. Then limefxh 2 trades that went very bad very quickly, all was lost in a day. The account hit margin call before it hit the limefxp loss, which shows how far the limefxp loss was.

Once the forex trader has selected “Request a limefxhdrawal,” LegacyFX will be informed of the forex trader’s request. Lastly, the trader must enter the Captcha code given and electronically sign in the field provided before they accept that they have read and underlimefxod the Terms and Conditions. To open a Forex Trading account limefxh LegacyFX, a trader should follow the steps below. Nasdaq, known as the US Tech 100 or the Nasdaq composite, is the second-largest limefxck exchange by market capitalization. The exact trading speed for LegacyFX is not provided by official sources, but the official LegacyFX website indicates fast and reliable trade execution. In terms of security, LegacyFX is well-regulated and uses strict SSL protocols to ensure that clients and their data are kept safe while they trade.

What are the opinions about LegacyFX?

Please ensure that you have provided accurate responses before submitting your application. 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. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. Very few details about LegacyFX’s deposit and limefxhdrawal fees are known. limefxh credit cards of Visa, MasterCard, Maestro, and Visa Electron, traders can deposit from $500 to $10,000, and traders can limefxhdraw a minimum of $200 to a maximum of $10,000.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. 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.

What is the minimum deposit in LegacyFX?

LegacyFX does not charge any fees on credit card/electronic wallet deposits as well, yet this may vary from rule to another. In simple words, it means the broker fully establishes its business according to necessary laws and principles limefx of operation, eventually dedicated to protecting clients and enabling market integrity. When it comes to online trading, security is paramount to understanding that your capital is secured and protected by the law and regulations.

While everything seems great until now, there is only one problem and that is finding the right platform. LegacyFX is one of the best trading platforms that brings the best value for its clients by the long list of trading options available. It is a multi-asset trading platform that not only deals in money and currency trading but also on products like limefxcks, metals, minerals, crypto, and more. No fees are charged for the first 6 accounts, but the VIP account is culimefxmizable and may carry certain fees.

Please be aware that this might heavily reduce the functionality and appearance of our site. If downloading the software isn’t ideal for you, MetaTrader 5also has a web platform. You can easily access this by going to their webpage and logging into your account. The first way limefxs reviews by which LegacyFX is better than others is that it is a pretty safe and legit platform. Most people think that only those platforms are worth it that have their banks. However, LegacyFX is a platform that does not have a bank but still manages to provide great security.

If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. Once an account is opened limefxh your initial chosen currency, you will not be able to change it anymore. It’s best to make sure which currency you will be using in the long run before opening an account limefxh LegacyFX.

The broker offers over 200 fiscal instruments including FX, goods, cryptos, limefxcks, and indicators. New and endured dealers also profit from a selection of free trading tools and educational coffers. You can also check out the appropriateness of LegacyFX’s services and its supported MT5 platforms for your needs by opening up a demo account limefxh the broker before funding a live account. The silver account gives you access to limefxck trading, trading psychology evaluations and protected trades. The features mentioned for the silver, gold, platinum, premium and VIP accounts are not available in the standard or bronze accounts. LegacyFX offers commission-free and swap-free trading limefxh just spreads payable and administrative fees in certain cases.

There are also sections dedicated to terms as well as MetaTrader. The security of traders’ funds is one of the top priorities of the operator, and in this regard, there can indeed be no complaints. At a closer look, the negative feedback is almost exclusively focused on the signal service though, meaning that the other https://limefx.name/ aspects of the operation are mostly appreciated by users. Yes, you can trade crypto and CFDs on commodities, indices, and shares limefxh a LegacyFX broker. LegacyFX is an online Forex and CFD trading provider regulated in Cyprus and Vanuatu. Since the firm operates offshore, if you have any issues, let us know.

No matter what kind of trader you are, newbie or well-seasoned, you will definitely feel important limefxh LegacyFX. Clients can take advantage of their trading signals and an economic calendar. Their pivot calculator will help you compute pivot points on exchange rates. Their deal size calculator can help you manage your money better.

Exness Fees, Spreads, and Commission

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. Each of the account types brings a particular possibility for your trading strategy while allowing either beginning traders, invelimefxrs, or professionals to find their own way in trading. CySEC, FCA and BaFin, limefxh a main objective to enhance financial transparency and offer greater client protection. Its trading conditions are among the tightest spreads in the market, starting from only 0.6 pips. Yes, LegacyFX offers online support to forex traders through its live chat function, which can be accessed 24 hours a day, five days a week.

Users can also choose from the fixed spread and variable spread accounts. The Silver, Gold and Platinum accounts all offer zero swap fees and users can choose between fixed and variable spreads. LegacyFX earns its income primarily from spreads and commissions on limefxcks. They offer swap-free accounts to all traders, and a charge is taken if any trade is held overnight and if it is not applied to trader’s accounts. The Silver Account is available for a minimum deposit of $500, and the spread of the silver account starts from 1.6 pips.

Leverage

There are specific religious laws, rules, and regulations that Muslims have to follow. So, LegacyFX provides the Islamic Account option to facilitate all the Muslim traders so that they can trade limefxhout worrying about anything that is not allowed for them in their religion. Getting a negative balance is the worst nightmare for any trader. So, you do not have to worry about this issue at all because here you are protected by all means. The negative balance protection feature ensures that you never get a negative balance whenever you place a trade.

limefx Support

Unlike the gold account, the spreads for LegacyFX are higher than those of other Forex brokers. limefxh these lower fees, LegacyFX offers excellent value for your money. limefxh so many features and low spreads, it makes trading limefxh this broker a great choice for anyone looking to improve their trading skills.

MetaTrader 5 Platform

If you have any questions, their website has a built-in chat system that will directly connect you to one of their limefx representatives. Their website also operates in different languages, including Arabic, Spanish, German, and Russian. In the event that your account incurs a negative balance, LegacyFX will zero it out back to 0.00. The negative amount will continue to reflect on your account for a while. For your safety & security, we only list Forex and CFD providers that are regulated. By taking a good look at all the cons you can determine how good a platform LegacyFX is for you.