About the company:
LegacyFX was established in 2017 and is licensed by the Vanuatu Financial Services Commission (VFSC).
The broker offers a variety of assets, listed below:
- Forex-more than 40 large, small, and exotic companies.
- Indices: 12 major and minor global indices.
- Precious Metals: 7 metals, including gold and silver.
- Cryptocurrency Goods: 11 agricultural, energy, and other goods.
- Stocks: Dozens of global stocks
MT5 is available as both an online and a downloaded desktop version from the firm. The program is ideal for traders of all levels of expertise, although it is particularly popular among experienced traders.
Download MT5 for Windows or Mac from the broker’s website. In addition, WebTrader may be accessed straight from your web browser.
The MT5 mobile app is easy to download on iPhone (iOS) and Android (APK) smart devices, and its user-friendly design has received favorable internet reviews. Mobile trading, on the other hand, is exclusively available to platinum account users.
Spreads and commissions
Traders have the option of using a fixed or variable spread account. On a Silver account, variable spreads for key currency pairings like EUR/USD start at 1.6 pips. Spreads on gold and platinum accounts are growing narrower, with prices falling to 0.6 pips. On a silver account, fixed spreads for EUR/USD are roughly 3 pips.
Except for shares, which have commissions ranging from 0.15 percent to 0.45 percent depending on the account, all assets are commission-free.
Leverage varies depending on the traded asset:
- 1:5 Promotions
- 1:200 forex
- 1: 00 Metals
- 1: 00 Indices
- 1:5 Cryptocurrency
Deposits can be made in several ways. Processing time varies:
- Neteller is a real-time payment system.
- Up to 30 minutes with Skrill
- A bank transfer takes 1–3 days.
- Instantly accept Visa or MasterCard.
- Bitcoin might take several hours to process.
- It takes 3-5 business days to withdraw cash. For bank transfers,
The minimum withdrawal amount in the chosen currency is 150. However, there is no minimum for other methods.
New traders may use the demo account to explore the site and get acquainted with the trading tools and tactics. The account comes with $10,000 in virtual money and is good for one month.
The Vanuatu Financial Services Commission (VFSC) regulates the company under license number 14579. The UK Financial Conduct Authority (FCA) and the German Federal Financial Conduct Authority have both issued licenses to the firm. The broker sends monthly financial statements to an external accounting firm in compliance with regulatory standards. Negative balance protection is also available, and the broker assures that all customer money is handled by trustworthy financial institutions.
The company uses PCI Level 1 certified service providers to process transactions, and its servers are housed in SAS-70 certified data centers. Trading activity on the site is likewise safeguarded by a firewall and is encrypted with Rapid SSL.
Courses, e-books, video lessons, and market news are among the instructional materials offered by the firm for traders of various levels of expertise. An economic calendar, calculators, and the AutoChartist plugin for MT5 are all useful tools. Real-time alerts and a site with real-time charts, fundamental data, and cryptocurrency market widgets are also available from the broker.
New clients may also use the broker’s safe mode feature, which allows them to cancel lost trades. The terms of the program provide further information.
There are four different sorts of accounts: Silver, Gold, Platinum, and VIP. As you advance through the accounts, you’ll see a rise in minimum deposit requirements as well as narrower spreads.
A $500 minimum deposit is required to open a Silver account, which is relatively hefty when compared to other brokers. The account’s lowest spreads start at 1.6 pips, which is not particularly competitive when compared to other choices.
All of the accounts have the same fundamental characteristics, including swap-free trading, which is the standout feature. Unfortunately, mobile trading is only available to Platinum account holders.
Although certain trading sessions are dependent on time zones, the worldwide foreign currency market is open 24 hours a day.
- 19:00 EST–04:00 EST Tokyo
- In London, the hours are 03:00 – 12:00 EST.
- In New York, the hours are 8:00 a.m. to 17:00 p.m. EST.
From Monday through Friday, from 08:00 to 24:00 GMT+3, assistance is accessible. During testing, the live chat support was especially quick and helpful. The chat icon may be located in the site’s lower right corner. Otherwise, you may reach out to support via
- +41315087455 is the phone number.
- Email us at firstname.lastname@example.org.
- Online callback form-page “Contacts”
- Address: Govant Building, Cumul Highway, P.O. Box 1276, Port Vila, Republic of Vanuatu.