Website: www.legacyfx.eu
Minimum Deposit: $500
Leverage: Up to 1:200 (1:30 for EU clients)
Trading Platform: MetaTrader 5 (MT5)
Regulation: CySEC, FCA, BaFin, VFSC, NBRB
Headquarters: Cyprus
Founded: 2012

⭐ Quick Overview of LegacyFX

LegacyFX is a globally regulated multi-asset broker providing CFD and forex trading across major financial instruments including currencies, stocks, indices, commodities, and cryptocurrencies. Backed by licenses from CySEC, FCA, and BaFin, LegacyFX is recognized for its transparency, security, and trader education. With its powerful MT5 platform, this broker offers tight spreads, zero commission trading on selected accounts, and swap-free options for Islamic traders.

✅ LegacyFX Pros and Cons

Pros:

• Regulated by multiple financial authorities across EU and offshore jurisdictions

• Offers MT5 platform across web, mobile, and desktop

• Negative balance protection and segregated accounts for safety

• Multilingual customer support

• Extensive educational content and research tools

• Competitive spreads starting from 0.6 pips

Cons:

• $500 minimum deposit – higher than some beginner-friendly brokers

• Wire transfer withdrawals carry a $50 fee

• No 24/7 customer support

🔒 Is LegacyFX Safe?

Yes — LegacyFX is fully regulated in multiple jurisdictions:

• CySEC (Cyprus) – License no. 344/17

• FCA (UK) – Registration no. 797343

• BaFin (Germany) – Registration no. 348194

• VFSC (Vanuatu) – License no. 14579

• NBRB (Belarus) – Registration no. 193180778

LegacyFX clients benefit from segregated bank accounts, negative balance protection, and, in some cases, access to investor compensation schemes.

📊 Leverage at LegacyFX

• EU clients (via CySEC): Max leverage of 1:30

• International clients (via offshore entities): Up to 1:200

Leverage is a powerful trading tool, but should be used with caution to avoid high-risk exposure, especially when trading with offshore entities.

🧾 Account Types at LegacyFX

LegacyFX offers a range of accounts suited for all types of traders:

💰 LegacyFX Spreads & Fees

• Spreads from 0.6 pips (Gold/Platinum accounts)

• No rollover (swap) fees

• Zero commission on many accounts

• $50 withdrawal fee for wire transfers

• No deposit fees on credit/debit cards or e-wallets

LegacyFX’s fee structure is transparent, especially appealing for long-term and Islamic traders.

🔁 Deposits & Withdrawals

Accepted methods:

• Bank wire

• Credit/Debit Cards

• Skrill, Neteller

• Local Payment Processors

Minimum deposit: $500
Withdrawal time: 3–5 business days
Fees: No deposit fees; wire withdrawal fee of $50

LegacyFX ranks 4/5 for ease of funding and multiple options.

📈 Trading Instruments

LegacyFX offers access to 200+ trading instruments:

• Forex (Majors, Minors, Exotics)

• Commodities (Oil, Gold, etc.)

• Indices (S&P 500, DAX, FTSE)

• Stocks (Apple, Tesla, Amazon & more)

• Cryptocurrencies (Bitcoin, Ethereum, Litecoin)

CFD-only trading, no direct asset ownership.

💻 Trading Platforms

LegacyFX provides the MetaTrader 5 (MT5) platform only, with access across:

• Web

• Windows/Mac Desktop

• iOS & Android Mobile Apps

MT5 includes:

• 21+ timeframes

• One-click trading

• Algorithmic trading (EA support)

• Real-time price feeds and economic news

Rated 4.5/5 for platform performance.

📚 Education & Research

LegacyFX offers top-tier educational content:

• Video tutorials

• eBooks & trading courses

• Market analysis (daily/weekly/monthly)

• Webinars with professionals

This makes it an excellent choice for beginners and intermediate traders alike.

📞 Customer Support

Support available 24/5 via:

• Live Chat

• Phone (multiple regions)

• Email

Languages supported: English, Arabic, Russian
No weekend support, but weekday service is prompt and helpful.

📝 Final Verdict – Is LegacyFX a Good Broker?

LegacyFX is a solid choice for traders seeking a secure, well-regulated, and education-oriented forex broker. While the $500 deposit may be a hurdle for new traders, the broker compensates with tight spreads, swap-free accounts, top-tier regulation, and comprehensive educational tools.

✅ Best Suited For:

• Beginners and intermediate traders

• Traders using MT5 platform

• Clients seeking Islamic accounts

• Traders focused on education and learning

• EU clients seeking CySEC protection

• High-volume or long-term traders using swap-free strategies

📌 Learn more or open your account now at www.legacyfx.eu
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