Sign In with Google
Sign In with Facebook
Introduction to LegacyFX
In 2012, the foundation stone was laid for LegacyFX, an extension of A.N. Allnew Investments Ltd. This venture came to life with the accreditation and supervision of the Cyprus Securities and Investment Commission (CySEC) and AN ALL NEW INVESTMENTS (VA), which is under the governance of the Vanuatu Financial Services Commission (VFSC). The LegacyFX brand has further established its credibility by securing regulatory approval from the National Bank of the Republic of Belarus, the country's monetary authority and financial markets supervisor.
LegacyFX: A Pioneer in Offering Multiple Account Options
One of the distinguishing characteristics of LegacyFX is the availability of seven unique types of accounts. The broker, registered in Vanuatu, deeply values providing its clients with a spectrum of choices, and its multi-account range is one of its unique selling propositions. If you're seeking a break from the monotonous standard accounts, the extensive selection offered by LegacyFX might be just the thing to catch your interest.
Unveiling LegacyFX’s Products and Services
LegacyFX has been a trusted partner for traders since 2017, facilitating trades in over two-hundred different instruments. Emphasizing the motto, "knowledge is power", it provides its clients with an array of educational resources, including webinars and training courses. While the minimum deposit fee might be a tad bit higher and some geographical limitations do apply, LegacyFX continues to outshine many of its competitors in the field, with a plethora of benefits for its clients.
An Array of 425 CFDs Across Multiple Asset Classes
LegacyFX takes pride in offering 425 Contract for Differences (CFDs) across a broad spectrum of asset categories, encompassing equities, ETFs, commodities, metals, forex, and cryptocurrencies. However, it's worth noting that Crypto CFDs are not accessible to retail traders from any broker's UK entity or to UK residents.
Is LegacyFX a Suitable Choice for You?
Given the wide assortment of educational resources at disposal, LegacyFX is an excellent choice for novice traders. Comprehensive e-books and webinars guide beginners through the rudiments of trading. Meanwhile, experienced traders will appreciate the advanced resources available, and the use of MT5 as their trading platform. Therefore, irrespective of your experience in the trading industry, LegacyFX can be an apt choice.
Account Types
Exceptional Features of LegacyFX
- MetaTrader 5: LegacyFX has incorporated the acclaimed MetaTrader 5 platform, thereby enabling its clients to leverage one of the most sought-after trading platforms in the industry. MetaTrader 5 supports trading with over 200 financial instruments.
- Complimentary Webinars: As a key element of its elaborate educational program, LegacyFX hosts free webinars conducted by adept forex professionals. These webinars delve into trading strategies and tips, technical analysis, key global economic developments, and a forecast of the upcoming week.
- Free Trading Tools: LegacyFX goes the extra mile by offering free trading tools like TradingView charts, MTE videos, and market research, distinguishing itself from other brokers who charge for these services. It also provides clients with access to Auto-Chartist, a top-tier analytical tool.
- Negative Balance Protection and Segregation: LegacyFX offers negative balance protection and segregates clients' accounts from the company's assets.
- Assistance to New Traders: Beginners in trading can take advantage of the introductory educational resources, tailored for all skill levels.
- Language Support: The platform caters to international traders by offering interface options in English, Spanish, Arabic, German, and Russian.
- Client Area: A distinctive feature of LegacyFX is its "Client Area," a dashboard showcasing client activity. This gives clients access to all the necessary tools and a comprehensive account status report.
LegacyFX: Adherence to Compliance and Regulation
As a worldwide brand, LegacyFX is registered under ALL NEW INVESTMENTS (ANI), which is regulated by the Vanuatu Financial Services Commission (VFSC). Its official license number is 14579.
Understanding Commissions and Fees with LegacyFX
LegacyFX offers a variety of account options, contingent on whether you choose its EU entity, regulated by CySEC, or its international entity in Vanuatu. Unfortunately, the broker does not provide average spreads to give a clear picture of the actual trading costs.
LegacyFX is exclusively a MetaTrader broker, providing the basic, unembellished MT5 experience. It does offer the Autochartist plugin, but apart from that, there are no special add-ons that help LegacyFX stand out among other MetaTrader brokers.
LegacyFX: A Testament to Reliability and Security
LegacyFX has an excellent reliability track record, backed by its use of MetaTrader 5, one of the top-notch applications for traders. This free software system allows traders to execute orders, conduct analyses, and chart functions flawlessly. The adoption of MT5 sets LegacyFX apart in a positive way, as many brokers stick to the predecessor, MetaTrader 4.
Conclusion
The exceptional features, various account types, and robust regulation make LegacyFX an excellent choice for traders of all experience levels. With a commitment to client education and a wide array of assets for trading, LegacyFX continues to establish itself as a leader in the trading industry.
