LegacyFX review – full exposure to LegacyFX.com broker

Is LegacyFX a regulated Forex and Crypto provider?

LegacyFX broker appears legitimate and safe at first glance. The CySEC license granted to the firm means it is allowed to operate within the EU. But, a new offshore entity is causing problems. This offshore entity is allegedly providing illegal financial services around the world.

LegacyFX Forex brand holds a CySEC regulation and is owned by A.N. Allnew Investment Markets. The domain legacyfx.eu was used to establish the firm in 2017.

Last year, however, the same company created an entity under An All New Investments (VA) Ltd in Vanuatu. The brand holds a VFSC license, as per LegacyFX offshore regulation. This regulatory body is a Tier3 zone. It’s considered the most flexible of all financial regulators. It’s common for a firm to pay a small fee to obtain a license. It is not recommended to invest with such.

We agree that CySEC is a legitimate entity, but we are skeptical about the offshore brand.

Is LegacyFX a trusted broker?

LegacyFX is an online trading platform that is CySEC-regulated. The brand also has Vanuatu offices. You never know which entity you will be assigned.

How do I start trading with LegacyFX brokers?

Here are the steps you need to take to register an account at LegacyFX.

• Register at the broker’s site and fill in the required information
• Identity verification documentation
• Choose LegacyFX account type
• Deposit funds
• Start trading

Although the process is simple, we recommend that you take the time to make a good decision. The broker can assign you to any entity at his discretion, regardless of where you are located. You may also be assigned to an offshore broker and receive all the perks and trading conditions.

Warnings against LegacyFX broker

Official warning issued by the Financial and Consumer Affairs Authority of Saskatchewan against LegacyFX and its owner An All New Investments Ltd. This confirms our suspicions regarding the firm and its offspring. We recommend caution.

Where is LegacyFX Broker active?

Int.legacy.com is an offshore domain that has been in operation since 2004. The brand has been officially registered and CySEC regulated since 2017. We have also had legacyfx.eu since then. The main activity of the firm is in:

• Canada
• UK
• Australia
• South Africa
• UAE

Please note that since Brexit, EU companies have been unable to provide legal financial services in Britain without FCA approval.

LegacyFX WebTrader Platform

LegacyFX is the most widely used trading platform today, MT5. The platform is also available as a desktop and mobile app, as well as as a WebTrader. WebTrader is simpler to use than MT5 apps, but it offers fewer features.

This is the most powerful trading software, with the greatest number of indicators and charts. MetaTrader is our preferred WebTrader.

MetaTrader 5 Platform for PC

LegacyFX MT5 is a complete experience. The desktop app is available for Windows and Mac. This software offers many perks. You also have access to many trading tools and the platform is easy to use.

Is it possible to download the LegacyFX MT5 mobile app?

The software also comes with a mobile application. LegacyFX login is possible from Android and iOS devices using an app that offers all the same features of a desktop application.

What can you trade with LegacyFX broker?

Customers can trade on five major markets including:

• Forex: EUR/USD. GBP/EUR. EUR/JPY.
• Commodities – gold, silver, and oil
• Indices – Dow Jones. NASDAQ. FTSE100
• Shares – Apple, Tesla, and Alibaba
• Cryptocurrencies – BTC, ETH, XRP

Everything you need to know about spreads and fees

This company claims it offers the best trading conditions. We see very few of them. Stock trading is not subject to the fee. The spread is the same as above. It starts at 1.6 pip for EUR/USD pair.

Different types of trading accounts

Three types of accounts are offered by the CySEC-regulated entity:

• Silver – $500
• Gold – $5,000
• Platinum $25,000

The offshore one is:

• Standard – $500
• Bronze – $1,000
• Silver – $3,000
• Gold – $5,000
• Platinum – $10,000
• Premium – $25,000
• VIP $50,000

Accounts have different access to trading assets and education.

PAMM account

A form of investing that allows customers to invest a specific amount in a trading pool managed and managed by money managers is called PAMM (Percentage Allocation Money Management). A professional can take over trading and protect your trading strategy. Funds are divided between investors based on the percentage of the initial investment that produces the desired result.

We recommend that you consider this option, as the firm may have an offshore entity with unlicensed account managers.

Do I have to trade with a LegacyFX Demo account?

All investors can access the LegacyFX Demo account. You can also test the system for free if you wish. But, investing in virtual money is not the same as investing real funds. Once you have invested your money, you will be more alert to trading strategies and risks.

Deposit methods overview – How to deposit?

These payment options are available to customers:

• Credit/debit card
• Neteller
• Skrill
• iDeal
• GiroPay
• Perfect Money
• Wire transfer
• Avo payments
• Eft pay
• Volt
• PayRedeem
• Jeton
• Gigabit
• Cryptocurrencies
• Klarna

LegacyFX has a minimum deposit of $500 for both entities, which is twice the industry norm.

How do I withdraw my LegacyFX money?

LegacyFX withdrawals are possible via:

• Credit/debit card
• Neteller
• Skrill
• Cryptocurrencies
• GiroPay
• Perfect Money
• Klarna
• Wire transfer
• Avo payments
• Eft pay
• Volt
• PayRedeem
• Jeton

According to the broker’s Withdrawal Policies, withdrawals will be processed within 3-5 business days.

LegacyFX affiliate program details

CPA Partnership Affiliate Program is offered by the company. You can receive up to $1,000 CPA bonus if you sign up. You will receive a $1,000 bonus for every customer you bring. This option can only be enabled by the offshore entity because EU regulators prohibit bonuses and other incentives.

LegacyFX offers a deposit bonus

Our research shows that LegacyFX does not offer a bonus on deposits, but there are plenty of options.

Special promotions

You can, for example, get 3 reversible trades, a bonus to refer a friend, no fees on any deposits, and you can also participate in the Loyalty program.

You can become an introducer and choose revenue share plans

According to the company, all IB partners will be granted FCA and CySEC licenses. The broker actually has CySEC regulations and VFSC regulations. This means that potential partners are misled into believing that they can legally operate in the UK under LegacyFX’s name. As a broker’s associate, you will receive a $1,000 CPA bonus.

How can I recover my money from LegacyFX broker?

Let us know if you’ve had any problems with LegacyFX broker. Assistance Refund has received many reports from brokers who are not trustworthy. Instead of allowing them your hard-earned cash, you should take what is rightfully yours.

LegacyFX: Video

Below you will find a short video about LegacyFX. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about LegacyFX!