LegacyFX Review 2025 (Expert Review)

LegacyFX Review Summary

LegacyFX, is the perfect choice for aspiring traders who want to test the waters in the world of foreign exchange with over a decade of experience in the trading scene. This brokerage firm offers a live chat service, a free auto-charting tool, and market analysis. You can also access their website's free educational materials to learn more about forex trading. It supports MT5 and is available in several languages. In addition to forex trading, LegacyFX also offers indices as CFDs. These indices provide exposure to the country's market. In addition, you can trade these indices to gain insight on the mood of the market.

LegacyFX review
LegacyFX Platform Features

LegacyFX main features and highlights

🗺️ Country of regulation	Vanuatu Financial Services Commission (VFSC) license number 14579
💰 Trading fees	No
💰 Inactivity fee	No
💰 Withdrawal fee	No
💰 Minimum deposit	500
🕖 Time to open a LegacyFX account	1-3 Days. *A LegacyFX demo account can be opened in a few minutes, but live LegacyFX trading account creation times will vary depending on how long it takes to process your LegacyFX KYC documents.
💳 Wire Transfer	No
👛 Depositing with electronic wallet	No
💱 Number of base currencies supported	1
🎮 Demo account provided	Yes
🛍️ Financial Instruments offered	Forex, Commodities, Indices, Stocks, Cryptocurrency, CFDs

LegacyFX review
LegacyFX Financial Regulation

LegacyFX is regulated by Vanuatu Financial Services Commission (VFSC) license number 14579.

LegacyFX review
LegacyFX Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using LegacyFX include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using LegacyFX can be that the spreads offered on trading financial instruments (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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LegacyFX Advantages

One of the main advantages of using LegacyFX is around the clock service and support as well as research offerings. Not only this, but LegacyFX has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of LegacyFX with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with LegacyFX makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. LegacyFX offers stock quotes and trade information, making it easy for users to view how their investments are doing.

• LegacyFX has been in business over 10 years.
• LegacyFX offers Stock Trading.
• LegacyFX offers Cryptocurrency Trading (Availability subject to regulation).
• LegacyFX offers Neteller as a payment method.
• LegacyFX offers Skrill as a payment method.
• LegacyFXoffers Islamic Accounts.
• LegacyFX offers Bitcoin Trading.
• LegacyFX offers a Apple Mac desktop trading platform.
• LegacyFX offers Spread Betting.
• LegacyFX offers Scalping.
• LegacyFX does not have inactivity fees.

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LegacyFX Disadvantages

Although LegacyFX has a lot of good points LegacyFX does not offer the below.

• LegacyFX does not offer PayPal as a payment method (See LegacyFX alternatives who offer PayPal as a payment method here)
• LegacyFX does not offer ECN trading (See LegacyFX alternatives who offer ECN trading here)
• LegacyFX does not offer the MetaTrader 4 platform (See LegacyFX alternatives who offer the MetaTrader 4 platform here)
• LegacyFX does not offer the MetaTrader 5 platform (See LegacyFX alternatives who offer the MetaTrader 5 platform here)
• LegacyFX does not offer the cTrader platform (See LegacyFX alternatives who offer the cTrader platform here)
• LegacyFX does not offer Hedging (See LegacyFX alternatives who offer Hedging here)
• LegacyFX has inactivity fees (See LegacyFX alternatives who do not have inactivity fees here)

Risk Warning: Your capital is at risk.

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Things to understand when trading with LegacyFX

Trading with LegacyFX involves risk. You should only risk capital with LegacyFX that you can afford to lose. Understand your risk tolerance with LegacyFX, and have a trading strategy that LegacyFX is able to help you execute. LegacyFX is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments LegacyFX give you access too.

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LegacyFX Trading Fees

Trading fees on LegacyFX are taken in the form of the spreads LegacyFX offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on LegacyFX. LegacyFX fees vary depending on the financial instruments traded and can include, LegacyFX overnight funding fees, spreads, margins and LegacyFX inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your LegacyFX account charged by your 3rd party payment provider if your LegacyFX base currency is different from your LegacyFX withdrawal method.

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LegacyFX Financial Instrument Fees

LegacyFX fees for Forex, Commodities, Indices, Stocks, Cryptocurrency, CFDs are listed below.

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LegacyFX Stock Trading Fees

The majority of LegacyFX trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A LegacyFX stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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LegacyFX Forex Fees

Commission on LegacyFX Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for LegacyFX Forex fees is based on their trade size. To calculate LegacyFX Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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LegacyFX Non Trading Fees

LegacyFX non-trading fees include a variety of LegacyFX brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the LegacyFX trading platform. The most common non-trading fees include LegacyFX withdrawal fees, LegacyFX deposit fees and LegacyFX inactivity fees.

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LegacyFX Deposit Fees

LegacyFX does not charge deposit fees. Some brokers charge a deposit fee for some payment methods, LegacyFX does not do this.

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LegacyFX Inactivity Fees

LegacyFX does not charge traders inactivity fees. LegacyFX does not charge for dormant inactive trading accounts. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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LegacyFX Withdrawal Fees

LegacyFX does charge LegacyFX clients small withdrawal fees. Withdrawals fees vary between LegacyFX and LegacyFX alternatives depending on where you are located and how much money you are withdrawing.

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LegacyFX Account Fees

LegacyFX does not charge account fees. Account fees charged differ between LegacyFX and other brokers. An account is a fee that LegacyFX and other brokers assesses on all accounts for the ability to keep an account on their platform.

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LegacyFX Account Opening

The LegacyFX account registration process is simple, user-friendly, and quick. Within 1-3 Days most LegacyFX trading accounts are ready for live trades. Our LegacyFX account was validated in 1 day, but live LegacyFX trading account verification times will vary depending on the time it takes to process your KYC documents and LegacyFX trading account application. A LegacyFX demo account can be opened in a few minutes.

LegacyFX trading accounts are available in over -50 countries. LegacyFX is restricted in the following countries.

Apart from the restricted countries a LegacyFX trading account can be opened globally.

The LegacyFX trading platform is available for residents in US. Some financial instruments LegacyFX offer may be restricted in your country.

• Fast LegacyFX account opening.
• LegacyFX accounts can be opened and KYC can be verified digitally.
• LegacyFX minimum deposit is 500 USD / GBP / EURO.
• LegacyFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.

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LegacyFX Deposit And Withdrawal

LegacyFX Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

USD are supported by LegacyFX as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

LegacyFX offers the following account USD.

When trading make sure your LegacyFX trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. LegacyFX has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

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LegacyFX Deposit Fees and Deposit Methods

Investors can log in to their LegacyFX trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their LegacyFX trading accounts from an existing bank account or send the funds through a wire transfer or online check.

LegacyFX Deposit Fees

Making a deposit on your LegacyFX account is free.

LegacyFX Deposit Methods

There are several methods through which you can deposit money into your LegacyFX account. One can use a credit or debit card and LegacyFX accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your LegacyFX account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your LegacyFX account. Funding methods for LegacyFX include Bank Wire transfer, Debit cards, Visa, MasterCard, Neteller, Skrill, Cryptocurrency,.

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LegacyFX Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your LegacyFX brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open LegacyFX positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your LegacyFX account.

LegacyFX Fees When Withdrawing Your Account Balance

LegacyFX do not charge withdrawal fees. Some withdrawal fees are out of the control of LegacyFX and may be due to 3rd party payment providers and your account base currency.

LegacyFX Withdrawal Methods

Log into your LegacyFX trading account, which is connected to your bank account. Go to the section that says “funds” or “accounts” and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your LegacyFX account to your bank account. To withdraw money from your LegacyFX account you can use credit or debit cards. LegacyFX processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as LegacyFX processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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LegacyFX Trading Platforms

As there are a number of tradable financial instruments available on the LegacyFX trading platform. Before investing in the LegacyFX platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The LegacyFX platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. LegacyFX offer livechat, phone, and email support.

If you struggle with technology, you need to consider the level of support on LegacyFX is available. Another thing to consider is your financial goals. Make sure that a LegacyFX account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a LegacyFX account. Ensure that LegacyFX allows you to focus on the type of trading that you want to focus on.

Make sure LegacyFX is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using LegacyFX, think about how easy it is to use for your personal needs. Does the LegacyFX platform offer real-time updates or delayed updates that are more informed? Remember to check if LegacyFX is well regulated, and what tradeable financial instruments LegacyFX has. Security is very important when it comes to trading with LegacyFX.

LegacyFX Web Trading Platform

A LegacyFX web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through LegacyFX which acts as a financial intermediary. LegacyFX is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the LegacyFX mobile trading platform.

LegacyFX Apple IOS Trading Platform

A LegacyFX iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

LegacyFX Google Play Android Trading Platform

A LegacyFX Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

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LegacyFX Mobile Trading User Experience

LegacyFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. LegacyFX mobile trading refers to trading using a mobile phone.

Leading brokerages like LegacyFX offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire LegacyFX portfolio. All an investor needs is a Web-enabled smartphone and a trading account with LegacyFX. Once you have download the LegacyFX trading app, you are ready to begin.

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LegacyFX Desktop Computer Trading Platform

A LegacyFX computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The LegacyFX desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The LegacyFX desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

LegacyFX MetaTrader 5

MetaTrader 5 is a free application for traders allowing to perform technical analysis and trading operations in the Forex and exchange markets. MetaTrader 5 is a multi-asset platform suitable for trading in the Stocks and Futures markets too. It is a multi-asset platform that allows trading Forex, stocks and futures, and it also offers superior tools for comprehensive price analysis. There are many benefits at MT5, as the platform represents an all-in-one concept, offers impressive analytical tools and a modern look with the allowance to open hundreds of charts and perform analysis through truly advanced institutional grade features.

LegacyFX cTrader

cTrader is a trading platform allowing CFD and currency pair trading. cTrader offers advanced technical analysis charting tools and very fast market order execution. cTrader is available on multiple devices. cTrader offers more complex configurable trading tools for more advanced traders.

LegacyFX PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using LegacyFX. A trading computer with access to a LegacyFX PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

LegacyFX Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the LegacyFX trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the LegacyFX trading platform is very user friendly on a Mac device.

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LegacyFX Trading Look And Feel

The LegacyFX user interface (UI) is what LegacyFX traders will see and interact with first when trading with the LegacyFX trading platform. The LegacyFX is well designed. The goal of the LegacyFX trading UI is to make the LegacyFX user's experience intuitive. The LegacyFX application has good user experience and a good level of customer satisfaction.

LegacyFX Security

LegacyFX is a secure trading platform. LegacyFX offers traders security via 2 factor authentication, SSL encription when trading with LegacyFX. LegacyFX trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with LegacyFX. Rate limitation on LegacyFX suspicious account activities is another layer of protection that is provided for LegacyFX trading accounts, for example multiple failed login attempts with LegacyFX. You have the option to further safeguard your account by using LegacyFX Two-Factor Authentication (2FA), which provides an extra layer of security.

The LegacyFX trading infrastructure is constantly watched and guarded by a trained team at LegacyFX In addition, LegacyFX never send sensitive information without first encrypting on the LegacyFX trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On LegacyFX

Available LegacyFX order types. # market, limit, stop, stop limit, Good until end of day / canceled.

LegacyFX Market Order

A LegacyFX market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. LegacyFX market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. LegacyFX market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

LegacyFX Limit Order

A LegacyFX limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

LegacyFX Stop Order

A LegacyFX stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

LegacyFX Stop Limit Order

A LegacyFX stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The LegacyFX stop-limit order triggers a limit order when a stock price hits the stop level. A LegacyFX stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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LegacyFX Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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LegacyFX Trading Platform Features

Online trading platforms like LegacyFX are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with LegacyFX. The LegacyFX trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using LegacyFX.

LegacyFX Margin Trading

LegacyFX margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, LegacyFX margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

LegacyFX Auto Trading

LegacyFX auto trading is a trading strategy where buy and sell orders are automatically placed based on an underlying LegacyFX system or programme and actioned by set criteria set by the LegacyFX trader. These LegacyFX orders are placed when the trade conditions in the underlying LegacyFX system or program are met. It is a method of participating in financial markets by using LegacyFX, which executes a pre-defined set of rules for both entering and exiting trades on LegacyFX. If you are a LegacyFX trader, you are able to use detailed LegacyFX technical analysis with the setting of parameters for LegacyFX one's positions. This includes orders to open LegacyFX, trailing stops, and guaranteed stops.

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LegacyFX Account Types

LegacyFX Demo Account

LegacyFX offers demo accounts that gives traders the ability to purchase and sell LegacyFX financial instruments in a practice environment, using fake LegacyFX digital money and live market conditions and data. When you practise on a LegacyFX demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the LegacyFX platform. LegacyFX demo accounts allow you to experience and practice a variety of market charts, LegacyFX trading indicators, and trading strategies using LegacyFX.

LegacyFX Standard Account

LegacyFX offers a standard trading account, allowing LegacyFX traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich LegacyFX trading platform.

LegacyFX STP Account

LegacyFX STP (Straight Through Processing) account is a LegacyFX trading feature that involves sending LegacyFX client orders directly to the market without passing them through a dealing desk. A LegacyFX STP account is considered to be more of a hybrid of the ECN and market maker (dealing desk) models.

LegacyFX DMA Accounts

LegacyFX Direct market access (DMA) refers to the access one is afford to the electronic facilities and order books of the LegacyFX financial market exchange that facilitate daily securities transactions. Rather than relying on market-making firms and broker-dealers to execute trades, LegacyFX might use direct market access to place trades themselves. LegacyFX DMA accounts make individual contracts with each liquidity provider.

LegacyFX Islamic Accounts

LegacyFX islamic accounts respect Islamic finance law. LegacyFX swap free accounts do not accumilate interest and LegacyFX transactions are actioned immediately. A LegacyFX Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in Islamic compliant financial instruments, using LegacyFX following the principles of Islamic finance. As Sharia law prohibits the accumulation of interest, traders with LegacyFX Islamic accounts do not pay or receive interest rates.

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LegacyFX Tradable Financial Instruments

LegacyFX tradable financial instruments are the financial instruments that are specifically available to trade on the LegacyFX trading platform. This refers to the different types of financial markets you can trade with through LegacyFX. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on LegacyFX.

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LegacyFX Trading Stocks

Stock trading with LegacyFX is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with LegacyFX; if you possess the stock on LegacyFX, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on LegacyFX involves purchasing and selling stocks and share using LegacyFX periodically in order to time trades against the stock markets, with the aim of using LegacyFX to profit from your stock trading. LegacyFX stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on LegacyFX. Stock traders on LegacyFX conduct significant study, frequently dedicating several hours every day to market monitoring using LegacyFX trading tools.

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LegacyFX Trading ETFs

What Are ETFs

LegacyFX does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

LegacyFX does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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LegacyFX Trading Cryptocurrencies

LegacyFX offers cryptocurrency trading.

Cryptocurrency trading can be conducted using LegacyFX to buy and sell the cryptocurrency financial instruments on LegacyFX. Cryptocurrency trading can also be done using a cryptocurency CFD LegacyFX trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using LegacyFX. A CFD is a high risk leveraged trade between the trader and the LegacyFX brokerage. No underlying assets are exchanged with a LegacyFX CFD contract, it is purely speculation on the crypto financial instruments price movements with LegacyFX. LegacyFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if LegacyFX CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with LegacyFX. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with LegacyFX.

Cryptocurrency trading is not offered by LegacyFX, so you will need to find a LegacyFX alternative that allows you to buy and sell the underlying cryptocurrency assets. LegacyFX CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a LegacyFX alternative and make sure you undertand the risks fully before trading.

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LegacyFX Forex Trading

Forex trading with LegacyFX is a method through which to invest money which involves trading one currency for another in a Forex currency pair with LegacyFX. The main aim of LegacyFX Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with LegacyFX. As a LegacyFX Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like LegacyFX. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like LegacyFX. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on LegacyFX.

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LegacyFX Commodities Trading

Commodity trading is a type of trading available on LegacyFX where individuals or businesses buy and sell financial instruments using LegacyFX related to commodities, such as metals or oil.

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LegacyFX Options Trading

LegacyFX options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. LegacyFX option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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LegacyFX Futures Trading

Futures trading with LegacyFX is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using LegacyFX to facilitate the trade. A LegacyFX futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on LegacyFX. Typically, futures contracts are traded on an exchange such as LegacyFX; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling LegacyFX trader to the contract agrees to provide it.

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LegacyFX Bonds Trading

Bonds trading on LegacyFX is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the LegacyFX trader. Bonds can be bought and sold on LegacyFX after they are issued. While some bonds are traded publicly through LegacyFX, most trade over-the-counter between large broker-dealers like LegacyFX acting on their clients' or their own behalf. Yield is therefore based on the LegacyFX purchase price of the bond as well as the coupon.

LegacyFX CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

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LegacyFX Trading Research Tools

Taking advantage of LegacyFX trading research tools which are designed to help traders analyse potential investments using the LegacyFX trading platform. Some LegacyFX research tools include charts, technical analysis, and LegacyFX trading indicators.

LegacyFX Trading News

Traders can follow the markets and make wise investment decisions on LegacyFX by using the news to help form a strategy when it comes to choosing investments. A LegacyFX news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

LegacyFX Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A LegacyFX economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

LegacyFX Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. LegacyFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

LegacyFX Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on LegacyFX are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

LegacyFX portfolios

Trading portfolios are useful when trading with LegacyFX.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A LegacyFX trading portfolio is a traders collection of investments, which may include a variety of LegacyFX financial instruments.

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LegacyFX Payment Methods

A LegacyFX payment method is required to fund your LegacyFX trading account before placing a buy or sell order on a financial instrument.

When trading with LegacyFX, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that LegacyFX do not have any control over.

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LegacyFX Withdrawl Methods

When trading with LegacyFX at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your LegacyFX account balance. LegacyFX may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your LegacyFX account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

LegacyFX Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your LegacyFX account.

Withdrawal requests can take up to three business days to be processed by LegacyFX.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your LegacyFX should arrive in less than 24 hours.

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LegacyFX Customer Support

Customer support represents the resources within the LegacyFX company that provides technical assistance to its customers after they use the LegacyFX service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

LegacyFX offer email, livechat, phone, customer support.

LegacyFX Email Support

LegacyFX offers email support.

Email support is a a convenient method of LegacyFX customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from LegacyFX regarding your support request.

LegacyFX Livechat Support

LegacyFX offers livechat support.

LegacyFX live chat support is a way for customers to obtain help from LegacyFX through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

LegacyFX Telephone Support

LegacyFX offers telephone support.

LegacyFX telephone Support is often used for pre-sale queries, order taking, or even upselling and cross-selling, and troubleshooting. Outbound calls are calls made to customers from the LegacyFX call centre to give or take information.

LegacyFX Average Support Response times

Contact Method	Average Response Time
LegacyFX Live Chat	7 minutes
LegacyFX Email	8 hours
LegacyFX Phone	12 minutes

We tested the customer service response times of LegacyFX on Monday, September 29, 2025.

LegacyFX review
LegacyFX Educational Resources

LegacyFX educational resources are used throughout the LegacyFX learning environment to help and assist with customer's development and learning of trading on LegacyFX. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using LegacyFX trading tools. Educational resources like some of the resources available with LegacyFX are a good as part of a wider set of educational guides and information from else where online.

Some of the LegacyFX trading guides and information that we found useful included platform tutorial videos, eBooks, advanced trading courses, webinars.

LegacyFX Trading Platform Tutorials

LegacyFX offer a range of learning resources and tutorials and guides made available to registered LegacyFX users. The LegacyFX guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate LegacyFX users on basic trading principles.

LegacyFX Trading Videos

LegacyFX offer a selection of online trading videos.

Trading videos on LegacyFX help new and even more experienced investors gain insights into LegacyFX technical analysis tools and how the different financial markets work when trading on LegacyFX.

LegacyFX trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs. Some LegacyFX training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using LegacyFX to trade live financial markets.

LegacyFX Webinars

LegacyFX offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of LegacyFX clients who participate by asking questions, replying to polls, and using other interactive technologies available on the LegacyFX trading platform.

LegacyFX review
LegacyFX Financial Regulation When Trading

Financial regulations on LegacyFX protect consumers' investments. Regulations prevent financial fraud and limit the risks that LegacyFX as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. LegacyFX financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is LegacyFX Regulated?

LegacyFX is regulated by Vanuatu Financial Services Commission (VFSC) license number 14579.

LegacyFX is licensed by financial regulators in certain jurisdictions. You can find out if brokers like LegacyFX are licensed in your country, if they have had run-ins with regulators, or received serious complaints from LegacyFX investors, directly with financial regulators in your country.

LegacyFX Regulatory Protection Limits

When registering with LegacyFX you must check with regulatory body your LegacyFX trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your LegacyFX account is over seen by. LegacyFX client funds are stored in segregated 3rd party bank account in accordance with LegacyFX financial regulators.

Client country	Investor protection amount	Regulator
United Kingdom	£85,000	Financial Conduct Authority (FCA)
EU Investor Compensation Scheme	max €50,000	Directive of The European Parliament and European Commission
Other countries	90% of your funds, max €20,000	Bulgarian Financial Supervision Commission (FSC)

LegacyFX Trading Signals

LegacyFX does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does LegacyFX make money?

Because LegacyFX acts as an intermediary, LegacyFX gets compensated on buy and sell transactions of financial instruments. As a result, LegacyFX profit is determined by the volume and number of transactions. LegacyFX earns revenue to fund their LegacyFX platforms and wide range of trading services through market spreads.

Can you buy shares on LegacyFX?

LegacyFX provides customers with real company shares. Traders can choose from thousands of stock CFDs in addition to shares. You can see the complete list of stocks here. LegacyFX offers CFD stock trading. When trading CFD stocks you are not trading real stocks as you do not own any underlying stock assets. A CFD stock is a leveraged deal between the trader and LegacyFX on the speculative up or down price movement on an agreed stocks price movement.

Does LegacyFX offer Cryptocurrency?

LegacyFX does offer cryptocurrency trading. Although the Financial Conduct Authority in the UK has banned Crypto CFD trading for UK residents. Its still perfectly legal to buy non leveraged crytocurrencies where you own the underlying crypto assets.

LegacyFX Lower fees, lower costs?

LegacyFX have reasonable trading fees and costs. LegacyFX may charge a deposit fee. LegacyFX may charge a withdrawal fee. Some withdrawal fees are out of the control of LegacyFX and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

LegacyFX minimum deposit is 500 USD / GBP / EUR.

How to start your LegacyFX account?

You can sign up for a live or demo LegacyFX trading account by visiting LegacyFX and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an LegacyFX account here.

How's the LegacyFX trading app?

LegacyFX allow traders to trade financial markets on iOS, Android supported mobile devices.

You can tryout the LegacyFX trading app here. Your capital is at risk

Is the quality of LegacyFX customer service satisfactory?

LegacyFX have average customer support offering support through email, livechat, phone, support options.

Is this broker good for new traders?

LegacyFX do offer a demo account but LegacyFX is aimed at more experienced traders.

How do you withdraw money from LegacyFX?

LegacyFX offer a good selection of withdrawal options. Once LegacyFX have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

Best LegacyFX Alternatives Reviews

If LegacyFX isnt quite what you are looking for you can check out some of the best LegacyFX alternatives below.

• IC Markets Review (read our in depth 2025 review)
• Roboforex Review (read our in depth 2025 review)
• AvaTrade Review (read our in depth 2025 review)

Best LegacyFX Alternatives In Detail

If you would like to see LegacyFX compared agains some of the best LegacyFX alternatives available right now you can do so by clicking on the links below.

• IC Markets Alternatives (read our in depth 2025 Alternatives for IC Markets)
• Roboforex Alternatives (read our in depth 2025 Alternatives for Roboforex)
• AvaTrade Alternatives (read our in depth 2025 Alternatives for AvaTrade)

Check out RoboForex – Professional services on Forex market