Key Takeaways

  • Zero fees on deposits & withdrawals.
  • Zero commissions and no rollover fees on FX trading.
  • Accepts deposits with popular cryptocurrencies.
  • Excellent range of educational materials.

LegacyFX Overall rating

4.4
Ranked 38 out of 1760 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
Popularity
4.2
3
Regulation
5.0
2
Pricing rating
4.0
1
Real customer rating
Not rated
3
Features
Not rated
1
Customer Support
Not rated
1


We start our LegacyFX review by highlighting the key features of this Cyprus-based CFDs broker. LegacyFX represents an excellent choice for retail investors looking for safety of funds as this highly-regulated broker is supervised in Europe by the Cyprus CySEC, with an EEA financial services licence, recognised by Germany’s BaFin and by the UK’s FCA.

Also positively, the LegacyFX broker boasts some of the most competitive trading costs in the industry, with tight spreads, zero trading commissions (except for shares trading) and no rollover fees for its range of trading accounts.

On top of that, and to lower the cost of trading even further, LegacyFX implemented a zero fees policy for both deposits and withdrawals. Another great feature of this broker is the acceptance of some cryptocurrencies as a funding method. With the Bitcoin rise in popularity, and to better serve its diverse clientele, LegacyFX accepts account deposits in BTC, ETH and LTC (subject to contracting entity).

Finally, and also worth noting, LegacyFX provides a great range of educational materials, with a highlight for the trading ideas section, technical analysis, market news, e-books and also in-depth trading courses – all accessible from the broker’s website and curated by industry experts.

LegacyFX Regulation / Money Protection

5.0
Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
A.N. Allnew Investments Ltd up to €20,000 30 : 1
A.N. Allnew Investments Ltd up to €20,000 30 : 1
A.N. Allnew Investments Ltd up to £85,000 30 : 1
A.N. Allnew Investments (VA) Ltd 200 : 1


It’s possible to open a live trading account with LegacyFX with any of its regulated entities, one in Europe (with a cross border licence recognised by the BaFin and a TPR licence issued by the FCA), and one supervised by the Vanuatu VFSC, catering for the international clientele. Let’s check out each of LegacyFX entities in more detail:

European regulation: A.N. Allnew Investments Ltd, with address at 47 Ioanni Kondylaki Street, Q Tower, CY 6042, Larnaca, Cyprus, is a financial services company registered as a Cypriot Investment Firm (CIF) under number 348194. A.N. Allnew Investments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 344/17. The CySEC licence allows A.N. Allnew Investments Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules. LegacyFX European website is www.legacyfx.eu.

International regulation: A.N. Allnew Investments (VA) Ltd will be the counterparty for international customers opening a live account, not covered by the other Group entity. A.N. Allnew Investments (VA) Ltd is registered with company number 14579. This entity, with an address at Govant Building, 1st Floor, Kumul Highway, Port-Vila, Vanuatu. is regulated by the Vanuatu Financial Services Commission (VFSC). LegacyFX international website is www.int.legacyfx.com.

UK regulation: The European entity (A.N. Allnew Investments Ltd in Cyprus) is also registered with the FCA with a Temporary Permission, since 17/01/2018. A.N. Allnew Investments Ltd is authorised and regulated by the UK’s Financial Conduct Authority (FCA) with reference number 797343.

Client Money Protection

LegacyFX complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in top-tier international banks, in segregated accounts.

LegacyFX also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. LegacyFX holds the client's money separately from the company funds and does not use these funds for any company operational expenses or purposes.

Deposit Compensation

A.N. Allnew Investments Ltd is a member of the Cyprus CySEC Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If A.N. Allnew Investments Ltd is unable to meet its obligations, retail clients might be entitled to compensation to the value of up €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).

Negative Balance Protection

For retail accounts opened via any of the LegacyFX Group entities, there is a default Negative Balance Protection in place, to protect clients from any losses bigger than their original deposits. With the NBP mechanism, LegacyFX retail customers are protected from any losses bigger than their original investments, in cases of extreme market volatility.

LegacyFX Web traffic

Websites
go.topfxpro.com
legacyfx.com
Organic monthly visits 293,488 (88%)
Organic traffic rank 68 out of 1760 (Forex Brokers)
Paid monthly visits 39,313 (12%)
Total monthly visits 332,800
Bounce rate 61%
Pages per visit 5.01
Average visit duration 00:08:11

LegacyFX Profile

Company Name AN ALL NEW INVESTMENTS (VA) LTD
Categories Forex Brokers, Cryptocurrency Brokers
Primary Category Forex Brokers
Year Founded 2012
Headquarters Cyprus
Office Locations Belarus, Cyprus, Vanuatu
Account Currency EUR, GBP, USD
Support Languages Arabic, English, German, Russian, Spanish
Funding Methods Bank Wire, Bitcoin, Credit Card, Litecoin, Neteller, Perfect Money, Skrill, Ethereum, VLoad
Financial Instruments Forex, Shares, Indices, Cryptocurrencies, Metals, Soft Commodities (coffee, sugar...)
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

Established in 2012, LegacyFX is a fast-expanding broker and with thousands of registered accounts, the LegacyFX Group has managed to capture the attention of several traders.

The broker strives to offer a great trading experience with low market spreads, from 0.5 pip and zero trading commissions, using an STP execution model, with absolute transparency and with the latest in trading technology. LegacyFX is also known within the trading community for its no swaps on long-term positions, nor hidden commissions and fees, policies, providing the ideal conditions for long term trading and investment.

LegacyFX’s multi-language customer support service is available 24 hours, 5 days a week, in 5 languages. LegacyFX customer services can be contacted via local phone numbers (subject to jurisdictions), contact form, email and through the live chat widget present on the broker’s website.

LegacyFX is also a very popular CFDs broker with traders for the excellent execution speeds on its trading platform. Trading can be done via the next-gen Metatrader 5, available for desktops running Windows and macOS, and complemented with the iOS and Android versions. With LegacyFX, investors can also trade instantly with the Web Trader, a browser-based platform that requires no installation whatsoever, and that replicates the same UI of the MetaTrader desktop platform.

LegacyFX Asset classes

LegacyFX offers a custom selection of more than 400 financial instruments to trade from 6 different asset classes, including CFDs in forex, indices, stocks, commodities and cryptocurrencies.

FX market: 48 currency pairs (including Minor and Exotic crosses).

Indices: 18 world indices CFDs, including the CAC40, US100, UK100, JP225 and GER40.

Stocks: 313 stocks CFDs of leading US and European companies and banks, including BMW, Commerzbank, Puma, eBay, Google, Intel, Netflix, Rolls-Royce, Tesco and RBS.

Commodities: 18 commodities CFDs available for trading with 7 metals (including Gold, Silver, Aluminium), 4 energies (including the UK Oil, US Oil and Nat Gas) and 7 softs (including Corn, Coffee, Soybean, Sugar).

ETFs: 13 ETFs CFDs of several sectors including mining, energy, technology, bond markets and retail, tracking the overall performance of the equity markets in 35 countries and across 6 continents.

Cryptocurrencies: 8 cryptocurrencies CFDs crosses for trading versus the USD and the EUR, including BTC, LTC, ETH and XRP.

LegacyFX Account types

  Standard Bronze Silver Gold Platinum Premium VIP
Maximum leverage200:1Custom
Mobile PlatformMT5 Mobile
Trading PlatformMT5, WebTrader
Spread TypeVariable Spread
Minimum Deposit500100030005000100002500050000
Minimum Trade Size0.01
Trailing Stops-
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Standard
Maximum leverage 200:1
Typical Spread 1.6 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 500
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Bronze
Maximum leverage 200:1
Typical Spread 1.0 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 1000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Silver
Maximum leverage 200:1
Typical Spread 0.6 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 3000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Gold
Maximum leverage 200:1
Typical Spread 0.6 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 5000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Platinum
Maximum leverage 200:1
Typical Spread 0.6 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 10000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  Premium
Maximum leverage 200:1
Typical Spread 0.6 Pips
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 25000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts
  VIP
Maximum leverage Custom
Trading platform MT5WebTrader
Mobile platform MT5 Mobile
Spread type Variable Spread
Minimum deposit 50000
Minimum Trade Size 0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts

LegacyFX offers investors industry-leading pricing, and competitive trading spreads across several asset classes, especially on forex pairs. The broker proposes up to 7 account types (subject to the contracting entity), with different pricing (variable and fixed spreads) and packages, suitable for all kinds of traders and investors:

The entry-level account is the LegacyFX Standard account* and is best suited for novice investors. It allows trading of several financial instruments, without added commissions (except for shares trading), no rollover fees and requires an initial deposit of $500 – or the equivalent in the other accepted deposit currencies.

*Please note, the Standard account is only offered to traders registering a live account with the VFSC regulated entity.

The LegacyFX Bronze account* has similar base features to the Standard account (zero trading commissions, except on shares trading and zero rollover fees), but comes packed with the Auto-charting tool and allows 3 protected trades. The initial deposit is $1,000 – or the equivalent in the other accepted deposit currencies.

*Please note, the Bronze account is only offered to traders registering a live account with the VFSC regulated entity.

The LegacyFX Silver account is recommended for investors looking for more competitive pricing, especially when trading forex pairs, with tighter spreads, compared to the above accounts. The Silver account also offers the same trading conditions and is available with both LegacyFX entities. The minimum initial deposit varies, depending on the contracting entity: $3,000 with LegacyFX regulated by the VFSC and $500 with LegacyFX regulated by the CySEC.

The LegacyFX Gold account is, in our opinion, the broker’s most competitively priced account, recommended for experienced investors, with low starting spreads of 1.0 pip on major FX pairs, zero trading commissions and zero rollover fees. The Gold account also offers the same trading conditions and is available with both LegacyFX entities. The minimum initial deposit with LegacyFX regulated by the VFSC and with LegacyFX regulated by the CySEC is $5,000.

Next up, the LegacyFX Platinum account, also available with both LegacyFX entities, is recommended for professional investors, with low starting spreads of 0.6 pip on major FX pairs, also zero trading commissions and zero rollover fees. The minimum initial deposit with LegacyFX regulated by the VFSC is $10,000 and with LegacyFX regulated by the CySEC is $25,000.

The LegacyFX Premium account is available only with the LegacyFX entity regulated by the VFSC and is the broker’s flagship account, recommended for professional traders. Similar to the Platinum account, the Premium account is proposed with low starting spreads of 0.6 pip on major FX pairs, also zero trading commissions and zero rollover fees. This account comes packed with an array of features, from Direct Dealing Desk, Advanced Mentoring, Dealing Room direct line to VIP EU Mastercard. The minimum initial deposit is $25,000.

LegacyFX also offers swap-free accounts for traders of Islamic belief and offers viable options for money managers and investors looking for PAMM accounts, through their in-house PAMM platform.

Regarding leveraged trading, LegacyFX maximum leverage ratio is 200:1 for retail clients opening a live account with the entity in Vanuatu and limited to 30:1 for retail traders opening a trading account with Cyprus CySEC regulated entity. For investors classified as professional traders, and opening a live account with the European entity, higher maximum leverage ratios may apply. Please contact LegacyFX Europe for more information.

Currently, LegacyFX trading accounts are only available in 3 base currencies: USD, EUR and GBP.

LegacyFX Demo account

With a LegacyFX demo account traders can compare the broker to its peers, for its product offering and trading conditions – guaranteed by the broker to mimic the live accounts. A LegacyFX demo account can also help novice traders to practise their trading skills in a safe environment, without risking losing real money.

To open a LegacyFX demo account traders will need to fill in a form with some basic information: name and surname, a valid email address and phone number. Please note that to open a demo account, traders do not need to upload any verification document(s) to LegacyFX.

On the same form, traders will have to set a password of at least 6 characters including letters & numbers, confirm it and also select the base currency for the demo account. After clicking the “Create” blue button, traders will receive a welcome email from the broker confirming the registration, with the account number. Simultaneously, traders will be connected automatically to the LegacyFX Client Portal. On the Client Portal, traders can download the broker’s MT5 trading platform.

The LegacyFX demo account expires after 1 month and allows traders to test the broker's trading conditions and pricing on several financial instruments – forex, indices, commodities and stocks, without risking any real money. The demo account mimics the real-time market conditions of a live account and is 100% risk-free and the funds (comes pre-loaded with $10,000) are virtual – including both winnings and losses, of course.

Register for free and test your trading strategies, open a LegacyFX demo trading account, with no risk and no obligation, now.


*Please note - LegacyFX demo accounts have an expiration policy. Demo accounts are available for a 30-day period, and will expire automatically after that. Contact the broker for further information.

LegacyFX Pricing

Account/Pricing Standard Bronze Silver Gold Platinum Premium VIP
EUR/USD Avg. spread 1.6 pip 1.6 pip 1.6 pip 1.0 pip 1.6 pip 0.6 pip 0.6 pip
EUR/USD Commission (1 lot) $0 $0 $0 $0 $0 $0 $0
EUR/USD Swap rates LegacyFX does not charge rollover rates

Spreads and trading commissions

LegacyFX’s pricing and trading costs are some of the most competitive in this industry when compared with other players. The average spread for the most popular cross, the EUR/USD pair, on the Standard, Bronze and Silver accounts, is 1.6 pip, commission-free. Perhaps not the most attractive figure, but the broker rewards higher deposits with lower spreads.

Pricing improves massively with the Gold and Platinum accounts, with more competitive pricing and trading conditions. Taking the EUR/USD cross again as our example, the broker proposes an average spread of 1.0 pip net, without any added trading commissions.

For investors with deep pockets, and making an initial deposit of $25,000 on a Premium account, LegacyFX offers unbeatable trading costs. Again, for the EUR/USD cross, the average spread is 0.6 pip, without trading commissions! Thus, the total cost of trading 100,000 currency units of the EUR/USD with the Premium account is a low $6 spread.

We consider the Premium account’s pricing and trading costs to be amongst the lowest in the industry. Especially when compared with other top brokers offering ECN pricing and charging on average between 6-7 USD trading commission per round lot, plus spreads, bring the total cost of trading 100,000 currency units of EUR/USD to $9, $10 and above.

And to complicate things further for its competitors (and to benefit long-term traders), LegacyFX also offers its accounts range with no rollover fees! This is ideal for holding positions (both short and long) overnight and over the weekend without incurring extra costs.

Rollover rates

As mentioned above, good news! Legacy FX does not charge any swap fees on its accounts range! But the company reserves the right to alter these at any time and the rollover fees table will then be immediately updated accordingly. Please visit the LegacyFX Accounts Page for more information.

LegacyFX Deposits / Withdrawals

Deposit fees: Trading accounts can be opened in just 3 different deposit currencies and maintained via 8 funding methods. Including the traditional methods, bank wires and debit/credit cards, LegacyFX also accepts deposits with the most popular e-payment solutions (subject to jurisdiction), such as Neteller, Perfectmoney and Skrill. The broker also accepts account deposits with the 3 most popular cryptos (BTC, LTC and ETH).

LegacyFX does not charge any deposit fees, and deposited funds are available almost instantly (please note that banks or/and e-wallet providers may charge a transfer fee).

Minimum deposit: Opening a live trading account with LegacyFX is fairly easy and it can all be done on the broker’s website, in 4 easy steps; complete the registration form, confirm your identity, create a trading account and do the first deposit. LegacyFX’s minimum deposit requirements vary and are subject to the contracting entity (6 accounts with LegacyFX Vanuatu and 3 accounts with LegacyFX Cyprus).

Please refer to Account Types - LegacyFX Vanuatu for accounts opened with the Vanuatu entity and to Account Types - LegacyFX Cyprus for accounts opened with the Cyprus entity.

Withdrawal fees: LegacyFX also waives the withdrawals fees (withdrawal processing times vary from instant to 1 business day). LegacyFX does not charge clients any fees for withdrawals, however, card providers, banks or payment systems may apply a withdrawal transaction fee, or commission, that is beyond the broker's control. For more information, please visit the LegacyFX deposit and withdrawals dedicated page.

Inactivity fee: Currently, LegacyFX does not charge any inactivity fees or account maintenance fees.

LegacyFX Popularity

With nearly 10 years of offering services in the online trading industry, the LegacyFX brand is fast becoming a very popular broker, especially thanks to its no-match overall trading costs and pricing. The company has a global presence and provides competitive trading to thousands of traders globally, striving to build trust through openness along with providing great products and services.

The broker is also a very popular choice for the excellent execution speeds and with the fans of automated trading. Boasting low latency servers and low average trade execution times, LegacyFX provides the ideal trading environment for Expert Advisors, available via the next-gen MetaQuotes MT5.

LegacyFX is nonetheless a popular CFDs broker amongst traders for the carefully selected range of financial instruments available for trading, its excellent pricing merged with low overall trading costs. Top that up with no swaps on long-term positions nor hidden commissions and fees policy, and LegacyFX provides the ideal conditions for long term trading and investments.

Popular trading account: The Gold account is the popular choice with traders looking to save on LegacyFX’s trading costs, with low starting spreads and zero trading commissions.

Trading education

LegacyFX also deserves some popularity points for their complete range of trading education materials and tools, available through the “Education” and Trading Tools” tabs on the broker’s website. LegacyFX users can find some top-notch trading tools, economic calendars, and forex calculators, with a highlight to the market analysis and forecasts prepared by experts.

Registered users can find on the Client Portal extra tolls not available on the broker’s website, like the AutoChartist and trading ideas from the LegacyFX market signals. Regarding trading education, LegacyFX users can enrol in free advanced courses, download trading e-Books, watch video tutorials and so much more.

Research & education materials available on LegacyFX website
FX Courses - money management, how to trade the markets, etc.
Market Analysis - daily or weekly market reports
Webinars - live, online trading education with experts
WebTV - live video stream of financial news
Trading Videos - trading education videos
Trading eBooks - trading education literature
Trading Strategies - technical analysis strategies
Trading Tools - calculators, economic calendar, etc.
Market Signals - suggested buy/sell entries with TP and SL levels

LegacyFX Promotions


LegacyFX FAQs

What is LegacyFX minimum deposit?

LegacyFX minimum deposit ranges from $500 up to $25,000 for a Platinum Account. But the minimum first deposit depends on several factors; the contracting entity, the account type and the account currency.

To make it easier to understand, please refer to the table below, where you can find the account types offered by each entity and the minimum first deposit required to open a live trading account:

Entity/Account Standard Bronze Silver Gold Platinum Premium VIP
LegacyFX Cyprus $500 $5,000 $25,000
LegacyFX Vanuatu $500 $1,000 $3,000 $5,000 $10,000 $25,000 $50,000


Please note that the values above are for live accounts in USD. For live trading accounts in EUR and/or GBP, LegacyFX first minimum deposit is the equivalent in those base currencies.

Are there any deposit and/or withdrawal fees?

Currently, Legacy FX does not charge any deposit or withdrawal fees.

Does LegacyFX provide Islamic accounts?

Yes, LegacyFX provides Islamic trading accounts compliant with Sharia laws and enables clients of the Muslim faith to trade global financial markets. LegacyFX Islamic accounts are administered following the provisions and principles of Islamic Sharia laws in all matters relating to banking, including no interest, bonuses, or usury.

Islamic trading accounts holders can enjoy all the benefits available in all other accounts, including a personal account manager who speaks the language of their choice, offers comprehensive support, as well as provides daily recommendations, market analysis and personal training.

Traders applying for Islamic accounts will also receive specially adapted promotional offers and other benefits. LegacyFX Islamic accounts calculations are based on a comprehensive and accurate study of the provisions of Sharia law by specialists to provide traders with a lucrative and legitimate trading experience.

Legacy FX does not charge fees, commissions or rollovers on Islamic Accounts. As with regular accounts, sale and purchase transactions are implemented immediately in the market; all transactions are closed before 5:00 PM Eastern Standard Time and then reopened, to avoid interest on swap transactions.

The broker encourages clients to consult with their religious authority regarding the compatibility of their trading account with their observance.

How can I open or switch to an Islamic trading account?

Traders opening an account from an Islamic country will automatically have the account registered as an Islamic account. Traders wishing to change their status, or wishing to transfer an Islamic account into a non-Islamic state, should contact the account manager who will execute the change.

Does LegacyFX offer PAMM accounts?

Yes, LegacyFX offers an innovative and full-featured PAMM service, suitable for traders and investors. Benefiting from the cooperation between money managers and investors, the LegacyFX PAMM account is an effective tool, designed for an effective and transparent trading experience.

LegacyFX PAMM accounts allow experienced traders or IBs, to manage funds of several clients (Investors) through a single trading account. The managing traders (Money Managers) may even control multiple forex trading accounts using pooled money contributed by numerous investors, to generate profits. The resulting performance is then distributed accordingly amongst the investors.

Overall, the PAMM system enables complete customization of currencies, fee structures, investment limitations, allocation, and more.

Benefits for money managers:

  • The PAMM account allows traders to manage multiple accounts from a single account without creating an investment fund.
  • Managers can trade larger volumes at competitive prices. The PAMM account provides tighter control to maximize returns.
  • Managers can easily choose their trading conditions, commissions, spread mark-ups, performance fees, margin calls, and other parameters.
  • The PAMM account provides a flexible commission system for managers based on results, to help in the choice of strategy.

Benefits for investors:

  • Opportunity to earn income without being an expert on forex and CFD trading.
  • Choose and join one or several accounts, maintained by reliable and professional managers.
  • If no trades are made, no fees are subtracted.
  • No one can withdraw funds other than the investor himself.

LegacyFX PAMM system empowers money managers with full control over their accounts concerning fees, commission structures, etc. It allows individual investors to choose and fund managers based on documented statistics while maintaining the flexibility to connect and add funds to their accounts.

Does LegacyFX offer negative balance protection?

Yes, LegacyFX offers negative balance protection (NBP) with all of the regulated Group entities – LegacyFX Cyprus and LegacyFX Vanuatu.

This is great news for retail investors trading with LegacyFX, and especially, for novice traders testing their trading skills on such a volatile market as currency trading. If open positions worsen and the account does not have enough usable margin that can cover potential losses, the system will initiate a margin call.

The customer must then deposit funds to maintain the positions or LegacyFX’s system will close the position. The system automatically calculates margin requirements for current positions and checks for available margins at all times. If the usable margin falls below the required margin, the LegacyFX’s system will begin to close positions. This protects the client from falling into a negative balance.

Traders who use the maximum leverage offered by LegacyFX face the real risk of losses due to market news or geopolitical events that can occur (even during the weekend), or due to slippage during high volatility periods. With the NBP mechanism, LegacyFX clients are protected from any losses bigger than their original investments, in cases of extreme market volatility.

LegacyFX review - final considerations.

We conclude our LegacyFX review with the final considerations regarding this Cyprus-based CFD broker. LegacyFX stands out for the competitive pricing of its Platinum account, engineered to reward experienced investors with average spreads as low as 0.6 pip, zero trading commissions and zero rollover fees. The platinum accounts also offer access to everything savvy traders might need to be successful on their trading; dealing room direct line, 1 on 1 support, markets insights, trading tools and more.

Also positively, the broker offers retail investors the possibility to trade with a highly-regulated entity in Europe, the LegacyFX headquartered in Cyprus and regulated by the Cyprus CySEC, where retail client money safety and retail client protection is paramount.

With a LegacyFX account, traders are allowed to swing or position trade, with no restrictions, via a reliable trading platform, the MT5, but also connect their live LegacyFX account to the great PAMM software offered by the broker, ideal for experienced traders to earn extra cash and for investors looking to follow and copy the positions of more experienced traders.

Overall, the excellent cost of trading (low spreads, zero trading commissions, zero rollover fees and zero fees on deposits & withdrawals), merged with the broker's solid reputation and the safety of retail client’s funds (with LegacyFX in Cyprus), position this CFD broker on the top 10 brokers for popularity with traders opening a trading account in 2022.

LegacyFX Real customer rating

0.0

LegacyFX reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.

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Currently, we do not have enough data from LegacyFX’s verified traders - with a real trading account - to analyse and publish the broker client’s feedback. We will update the LegacyFX user rating section soon.

Review sources

For over 10 years we have been one of the top IB brokers for live forex and CFD trading accounts to virtually all of the world's first-class retail brokers. One of our foremost goals is to help traders make informed decisions by publishing unbiased and accurate content, supported by primary sources.

These sources may include information supplied by the broker itself, government data, data available on the broker's corporate website(s), the broker’s analysis from our industry experts, and the opinions of verified traders with a live account. The information on this LegacyFX review page was also collected from:

Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. FX and CFDs carry a high level of risk since leverage can work both to your advantage and disadvantage.

As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved considering your investment objectives and level of experience. Seek independent advice, if necessary.