LegacyFX Review 2023 - Verified Customer Reviews
LegacyFX review with expert ratings, regulations, accepted deposit methods, tradable asset classes, pricing including spreads & fees, maximum leverage, trading platforms, demo accounts, feedback from verified customers and more.
- 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
| Rating | Weight | |
| Popularity |
4.1
|
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 |
LegacyFX Regulation / Money Protection
| 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 |
LegacyFX Web traffic
| Websites |
int.legacyfx.com
legacyfx.com
|
| Organic monthly visits | 162,016 (100%) |
| Organic traffic rank | 109 out of 1689 (Forex Brokers) |
| Paid monthly visits | 0 (0%) |
| Total monthly visits | 162,016 |
| Bounce rate | 57% |
| Pages per visit | 0.19 |
| Average visit duration | 00:01:44.6050000 |
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
LegacyFX Asset classes
| Asset Class | Pairs/Intruments |
|---|---|
| Forex | 48 |
| Crypto CFDs | 8 |
| Commodities | 18 (7 metals, 4 energies and 7 soft) |
| Indices | 18 |
| Stocks | 313 |
| ETFs | 13 |
| Bonds |  |
LegacyFX Account types
| Standard | Bronze | Silver | Gold | Platinum | Premium | VIP | |
| Maximum leverage | 200:1 | Custom | |||||
| Mobile Platform | MT5 Mobile | ||||||
| Trading Platform | MT5, WebTrader | ||||||
| Spread Type | Variable Spread | ||||||
| Minimum Deposit | 500 | 1000 | 3000 | 5000 | 10000 | 25000 | 50000 |
| Minimum Trade Size | 0.01 | ||||||
| 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 Demo account
| Demo Account Specs | |
|---|---|
| Non-Expiry | after 1 month |
| Platforms | MT5 |
| Virual funds | up to $10,000 |
| Leverage | up to 200:1 |
| Instruments | forex, crypto CFDs, indices, stocks and commodities |
Register for free and test your trading strategies, open a LegacyFX demo trading account with no risk and no obligation now.
LegacyFX Pricing
| Account/Pricing | Standard | Bronze | Silver | Gold | Platinum | Premium | VIP |
|---|---|---|---|---|---|---|---|
| EUR/USD spread | from 1.6 pip | from 1.0 pip | from 1.6 pip | from 0.6 pip | |||
| EUR/USD commission 1 lot | |
||||||
| EUR/USD swap rate 1 lot (01-09-2023) |
LegacyFX is a swap-free broker (terms & conditions apply) | ||||||
| 3-day swap rate | |
||||||
LegacyFX Deposits / Withdrawals
For more information, please visit the LegacyFX Deposits & Withdrawals web page, or log in to your LegacyFX Client Cabinet.
LegacyFX Popularity
|
Broker Features
|
|
|---|---|
| Client safety mechanisms | segregated client money, negative balance protection, deposit compensation scheme (subject to contracting entity) |
| Pricing | variable spreads from 0.6 pip, no trading commissions, and no fees on deposits/withdrawals |
| Execution model | STP |
| Copy Trading |  available on request |
| Trading education | Advanced courses, E-books, Trading ideas, Technical analysis, Blog, Market news, Calendar, Calculators |
| Customer support languages | Arabic, English, German, Russian, Spanish |
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 LegacyFX in the top 15 brokers for popularity with traders opening a trading account in 2023.
LegacyFX Promotions
LegacyFX FAQs
- Is LegacyFX a regulated retail forex broker?
- What is LegacyFX's minimum deposit?
- What is LegacyFX's maximum forex leverage?
- Can I earn rebates with LegacyFX?
- Which funding methods are accepted by LegacyFX?
- Which account currencies are available with LegacyFX?
- Which trading platforms are available with LegacyFX?
- Does LegacyFX offer Cent accounts?
- Does LegacyFX have negative balance protection?
- Does LegacyFX have regulatory deposit insurance?
- Does LegacyFX have swap-free accounts for traders of Islamic belief?
- Does LegacyFX accept applications from residents in Japan?
- Does LegacyFX accept applications from residents in Canada?
- Does LegacyFX allow scalping trading?
- What is LegacyFX's order execution model?
- Does LegacyFX have mobile trading platforms?
- Does LegacyFX have a trading API?
- Does LegacyFX pay interest on margin?
- What type of spreads are LegacyFX's spreads?
Is LegacyFX a regulated retail forex broker?
Yes, LegacyFX is a regulated forex broker. The broker is regulated by Cyprus CySEC, UK's FCA and Vanuatu FSC.
What is LegacyFX's minimum deposit?
LegacyFX's minimum deposit varies, subject to account, as starts at $500. For a complete list of the minimum deposit by account, please refer to the LegacyFX Deposit & Withdrawals table.
What is LegacyFX's maximum forex leverage?
LegacyFX's maximum forex leverage ratio for retail accounts opened with the EU-regulated entities is 30:1 and with the Vanuatu, FSC-regulated entity is 200:1.
Can I earn rebates with LegacyFX?
No, traders cannot earn rebates from trading with LegacyFX.
Which funding methods are accepted by LegacyFX?
LegacyFX accepts account deposits with bank wires, credit & debit cards, Neteller, Skrill, VLoad, PerfectMoney, Bitcoin, Ethereum, Litecoin.
Which account currencies are available with LegacyFX?
Traders can open a trading account in 3 different base currencies: EUR, GBP and USD. Available account currencies might be subject to the contracting LegacyFX entity.
Which trading platforms are available with LegacyFX?
Investors can trade the markets via the MT5 platform. LegacyFX MT5 platform is offered for web browsers and available to download for desktop and mobile devices.
Does LegacyFX offer Cent accounts?
No, LegacyFX does not have Cent accounts.
Does LegacyFX have negative balance protection?
LegacyFX has negative balance protection only for traders opening an account with any of its regulated entities. With NBP, trading accounts held with LegacyFX cannot go below 0 and investors cannot lose more than their original deposit.
Does LegacyFX have regulatory deposit insurance?
Yes, LegacyFX is a member of the CySEC and the UK's FCA Investor Compensation Funds. Retail deposits of up to €20,000 and £85,000, respectively, are protected in case the broker ceases activity.
Does LegacyFX have swap-free accounts for traders of Islamic belief?
Yes, LegacyFX offers swap-free accounts for traders of the Islamic religion.
Does LegacyFX accept applications from residents in Japan?
Yes, LegacyFX accepts applications from residents in Japan.
Does LegacyFX accept applications from residents in Canada?
No, LegacyFX does not accept applications from residents in Canada.
Does LegacyFX allow scalping trading?
Yes, LegacyFX allows scalping trading with any of the group entities, and hedging is also allowed.
What is LegacyFX's order execution model?
LegacyFX's execution model is STP (Straight-Through Processing).
Does LegacyFX have mobile trading platforms?
Yes, LegacyFX has the MT5 platform available for mobile devices running on the Android operating system.
Does LegacyFX have a trading API?
Yes, LegacyFX publishes a trading API. More information here: LegacyFX API.
Does LegacyFX pay interest on margin?
No, LegacyFX does not pay any interest on margin.
What type of spreads are LegacyFX's spreads?
LegacyFX ’s spreads are variable only (from 0.0 pip). LegacyFX does not offer fixed spread accounts.
LegacyFX Real customer rating
LegacyFX reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
Currently, we do not have enough data from LegacyFX's verified customers, with real trading accounts, to analyse and publish the 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:
Cyprus Securities and Exchange Commission website, A.N. Allnew Investments Ltd, company details page.
Vanuatu Financial Services Commission website, A.N. Allnew Investments (VA) Ltd, company details page.
United Kingdom Financial Conduct Authority website, A.N. Allnew Investments Ltd, company details page.
LegacyFX international website, Account Types, trading accounts overview page.
LegacyFX international website, Trading Conditions, financial instruments overview page.
LegacyFX international website, FAQs, frequently asked questions page.
FXverify website, LegacyFX user reviews by verified traders with a live account, reviews page.
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.
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