- What is LegacyFX?
- LegacyFX Account List
- PAMM account
- Deposits and withdrawals
- Deposit Methods
- Available withdrawal methods
- Instruments offered by LegacyFx
- Education section
- Promotions offered
- Loyalty program
- Program safe mode
- Invite a friend
- Legacyfx in Europe “legacyfx.eu”
- Accounts available in Europe
- Deposit and withdrawal operations for European customers
- Table of deposit methods for European clients
- Deposit methods table for European customers
- Legacyfx.eu teaching department
What is LegacyFX?
Traders from all over the world are always on the lookout for new stimuli, and profitable investment opportunities to achieve their goals.
Relying on a broker that offers optimal trading conditions and that guarantees maximum security is essential to be able to face the markets with complete peace of mind, using any tool and service at full speed in increasingly effective trading strategies.
Choosing LegacyFX to invest in is considered by many to be a viable solution.
A multi-asset broker that offers efficient but above all safe financial intermediation services being strictly regulated by the Vanuatu Financial Services Commissions (VFSC) under license number 14579.
A leader in the sector for several years, the broker offers the opportunity to trade on a wide range of instruments (including forex, CFDs on shares, CFDs on commodities, CFDs on indices, CFDs on Crypto).
Trading conditions among the most competitive in the markets with spreads from just 0.5 pips and no swap fees on long-term positions.
Account management is clear and secure, with complete segregation of client funds into accounts separate from company assets and negative balance protection, LegacyFX ensures a service that aims to protect the client from any risks such as fraud or incorrect trades.
LegacyFX offers an extremely large list of accounts that satisfy the needs of any type of trader.
As many as 7 different types of account, each of which has specific characteristics.
It works like this. the broker divides the accounts according to the financial capabilities of the interested trader, consequently the higher the amount of funds, the more tools and resources will be available, the wider the choice for the desired account will be.
The accounts are: Standard, Bronze, Silver, Gold, Platinum, Premium, and VIP.
Furthermore, deposits and withdrawals are free of charge, the broker will not charge any commission on transactions that the customer can carry out using a wide range of payment methods available.
In addition, interested traders will be able to take advantage of a PAMM account, whereby a manager will use the funds of multiple traders on a single account.
Any profits and losses will be distributed among the participants according to their share in the account and the offer of the account.
The only platform that can be used for trading is undoubtedly the most used and popular in the world, MT5.
State-of-the-art software offering next-generation trading tools and services.
The platform has a complete and intuitive interface suitable for any type of trader.
- Real-time quotes.
- 8 order types.
- Over 80 customizable indicators and charting tools.
- Accurate market insight and economic feeds.
- Instant executions with “one click trading”.
- Historic data center and EA (Expert Advisor).
- Three different types of graphs available and customizable, nine times ranging from one minute to one month.
“LegacyFX Academy”, the sector dedicated to teaching, is complete and finely structured for all levels of experience.
Both experienced and novice traders will be able to access courses, e-books, video tutorials and market news.
|Regulations||Vanuatu Financial Services Commissions VFSC|
|Minimum deposit||$500 (varies by accounts)|
|Maximum leverage||from 1:5 to 1:200 (varies according to the traded instrument)|
|Platforms||MT5 – Mobile, desktop, web apps|
|Negative balance protection||Supported|
|Promotional offers (Bonuses)||Safe mode program, refer a friend, Free of charge, Loyalty program|
|Markets||Forex, Stock CFDs, Commodities CFDs, Indices CFDs, Crypto CFDs|
|Social and Copy trading||Available|
|Stop Out Level||30%|
|Margin Call Level||80%|
|Spread||Starting at 0.5 pips|
|Accounts available||Standard, Bronze, Silver, Gold, Platinum, Premium, VIP|
|Swap-free account (Islamic account)||Available|
LegacyFX Account List
As already mentioned, the broker allows customers to access seven different types of accounts: Standard, Bronze, Silver, Gold, Platinum, Premium and VIP.
The VIP account is accessible with a deposit of over $50,000 and totally customizable, in this way the trader will be able to adapt the tools and services available in order to make the account perfectly compatible with his trading style.
Demo and swap-free versions (Islamic account) will be available for all types of accounts offered.
- Demo Account
- Both expert and novice traders will have the opportunity to practice trading strategies by testing the services and features of the account without running any risk and using virtual funds.
- Islamic Account (Swap Free)
- Designed for customers of the Islamic faith, the account fully complies with the parameters of Islamic law regarding banking and interest. The main feature of the account is the total absence of interest, an essential service for traders who for religious reasons do not have the possibility to trade on accounts that generate interest/swaps. Nevertheless, holders of this type of account will be able to benefit from the same advantages offered by the broker, the same spreads and the same trading conditions.
The broker ranks the accounts offered based on the initial deposit.
Consequently, the higher the deposit made, the greater the advantages that the trader will be able to exploit by selecting the desired account.
A real pyramid structure where all accounts have the same basic features (such as live support and access to Trading Academy resources) and as the level rises, the advantages that the trader can exploit increase.
Minimum deposit requirements start at $500 for the Standard account.
In addition to the advantages offered, the broker does not provide detailed information on the technical data of each individual account.
It is presumable that for more detailed information the trader should contact the support team by visiting the official website.
Clients will be able to decide whether to use fixed or floating spread accounts.
Floating spreads for forex pairs like EUR/USD starts at 1.6 pips with the Silver account.
As you level up they scale down to 0.5 pips with Gold and Platinum accounts.
Fixed spreads amount to 3 pips for EUR/USD with the Silver account.
- All trades are commission-free, except for shares that carry fees ranging from 0.15% to 0.45% depending on the account type.
- The pips offered are fractional, and being ten times more precise, they allow you to make the most of even small price fluctuations.
- All accounts offered by the broker are swap-free, which means that no rollover commissions or interest will be charged on any positions left open overnight.
- In case an account is inactive for 90 consecutive days the broker will have the right to charge a special fee of $10.00 (or account base currency) each month.
|Features||Standard Account||Bronze Acount||Silver account||Gold account||Platinum account||Premium Account|
|Benefits & Available Services||No Commissions, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Commodities||No Commissions, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Commodities, Auto Charting Tool, 3 Secured Trades||No Commissions, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Commodities, Auto Charting Tool, 3 Protected Trades, Trading Psychology, Stocks, Basic Analysis, Basic Tutor||No Commissions, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Commodities, Auto Charting Tool, 3 Protected Trades, Trading Psychology, Stocks, Anal Yes Basic, Basic Tutor, Premium Ideas, Success Goal Staff, Direct Dealing Desk||No Commission, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Auto Charting Tool, 3 Protected Trades, Trading Psychology, Stocks, Basic Analysis, Basic Tutor, Premium Ideas, Success Goal Staff, Direct Dealing Desk, Trading plan, Dealing Room Direct Line||LegacyFX Full Range Services: No Commissions, Daily Signals, Live Support, Trading Academy, Swap Free Account, Private Channel, Tips & Updates, Commodities, Auto Charting Tool, 3 Protected Trades, Trading Psychology, Stocks , Basic Analysis, Basic Tutor, Premium Ideas, Personal Success Goal, Direct Dealing Desk, Trading Plan, Direct Line Dealing Room, Platinum Opportunity, Platinum Sessions, Advanced Tutor.|
|Account currencies||USD, EUR, GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR||USD, EUR , GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR||USD , EUR, GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR||USD, EUR, GBP, JPY, CHF, AUD, PLN, HUF, SGD, ZAR|
|Initial spreads||Variable||Variable||1.6 pips||0.5 pips||0.5 pips||Variable|
|Commission per trade||None (excluding stock trades)||None (excluding stock trades)||None (excluding stock transactions)||None (excluding stock transactions)||None (excluding stock transactions)||None (excluding stock transactions)|
|Decimal price||Up to 5||Up to 5||Up to 5||Up to 5||Up to 5||Up to 5|
|Trade Instruments||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities – 13, EFT – 13, Cryptocurrency Pairs – 4||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities – 13, EFTs – 13, Cryptocurrency Pairs – 4||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities Commodities – 13, EFT – 13, Cryptocurrency Pairs – 4||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities – 13, EFT – 13, Cryptocurrency Pairs – 4||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities – 13, EFTs – 13, Cryptocurrency Pairs – 4||FX Pairs – 50, Stocks – 160, Indices – 12, Commodities – 13, EFT – 13, Cryptocurrency Pairs – 4|
|Minimum lot size per trade||0.01||0.01||0.01||0.01||0.01||0.01|
|Maximum lot size per trade||500-1,000||500-1,000||500-1,000||500-1,000||500-1,000||500-1,000|
|Copy trading support||Available (MT5)||Available (MT5)||Available (MT5)||Available (MT5)||Available (MT5)||Available (MT5)|
Opening a new account with LegacyFx is quick and easy.
Just follow simple steps and provide the requested information.
After having sent the necessary data, the trader will receive an email containing the username and password to be able to start investing.
The broker follows strict regulations to ensure maximum security for its customers. An extremely detailed identification process called KYC, through which the trader will have to provide valid documents proving his real existence and residence.
To be able to open an account, just follow the next simple steps:
- First Step
- Visit the LegacyFx official website and click on the “New User” link located at the top right of the screen and provide your personal details such as name, surname, date of birth, country of residence, mobile phone, valid e-mail, type identification document to be used.
- Second Step
- In this phase the client will have to provide information on his balance sheet, job title, address, investment volume, trading experience.
- Third Step
- Now you will need to proceed with the verification process called KYC and send the necessary documentation certifying your identity and country of origin. For identification, a clear photocopy of a valid identity document such as a passport or identity card must be sent. For proof of residency, the trader will need to provide a recently dated electricity bill, bank statement or proof of residency. If the customer uses a credit card for transactions, he must send a double-sided photocopy of the card clearly showing the last 4 digits on the front and the first 4 digits on the back.
- Fourth Step
- Once the verification process has been successfully completed, the customer will be able to make a first deposit with the transaction method that best suits their needs, select the desired account and start investing.
The PAMM (acronym for Percentage Allocation Management Module) is a type of account through which traders will be able to make use of a professional trader who will manage both the deposited funds and the trades.
In practice, the interested trader chooses in which PAMM account to deposit his funds and the delegate manager (professional owner of the PAMM account) will be able to control and use the funds deposited in trading.
In case of a good investment, both the traders and the manager will benefit.
As for the profits, derived from the investment of the total capital of the account, they will obviously be divided as a percentage based on the funds invested by each individual trader.
The manager will have a percentage of the profit.
- Allows you to earn easily without having accurate knowledge of forex and CFD trading.
- Ability to credit your funds to multiple PAMM accounts managed by professionals in the sector.
- No trades made = no fees to pay
- Safety first. No one will be able to withdraw, deposit or carry out any type of transaction except the investor himself. The manager will limit himself to trading the deposited funds and will not be able to interfere with the trader’s economic choices nor will he be able to access the funds deposited in the personal account in any way.
Commission management in PAMM accounts is very flexible and mainly based on the results obtained.
Deposits and withdrawals
LegacyFx offers a wide range of payment methods, each trader will be able to decide which of these is the most suitable with their style.
Both deposits and withdrawals do not involve the payment of any commission.
To date The broker only allows transactions in US Dollars, Euros and GBP; once the trader has selected the base currency of his account among these, he will no longer be able to change it.
As already mentioned, the list of payment methods available for deposits is extensive.
Regardless of the payment method selected, making a deposit will be extremely simple and the crediting of funds to your account will be immediate.
The broker will not charge any fees on deposits.
|Method||Base currencies||Maximum deposit per transaction||Time of Processing||Countries|
|Visa – Mastercard credit cards||USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR||$10,000||Immediate||International|
|Neteller||USD, GBP, EUR||TBA||Immediately||International|
|Skrill||USD, GBP, EUR||TBA||Immediately||International|
|Klarna||EURO||€ 2.500||Immediate||Germany, Austria, Netherlands , Switzerland, Italy, Spain, Belgium, Finland, France and Poland|
|GiroPay||USD, EUR||up to 10 000 USD||Immediate||Germany|
|Perfect Money||USD, GBP, EUR||100,000 USD||Immediate||International|
|Cryptocurrencies||BTC, LTC, BCH, XRP||$200,000||Immediate||International|
|Wire Transfer||USD, EUR, GBP||TBA||3-5 business days||International|
|Avo Payments||ZAR||500,000 ZAR||Immediate||South Africa|
|eft Pay||ZAR||180,000 ZAR||Immediate||South Africa|
|Volt deposit by bank||EUR, GBP||TBA||Immediate||United Kingdom United Kingdom, EU|
|PayRedeem||EUR, USD||500 USD per voucher||Immediate||EU countries|
|Jeton||USD, EUR, GBP||Varies by country||Immediate||International|
|Gigadat||CAD||3,000 CAD||Within 30 min||Canada|
To be able to make a deposit operation, simply follow the steps below:
- Visit the LegacyFx official website and log in to your account.
- Select your payment method and account.
- Enter the information necessary to proceed with the operation (the data to be provided may vary according to the payment method selected) and the amount of the deposit.
- Click “Proceed”
- Carry out any authentication processes (variable according to the chosen deposit method)
- Please wait for the deposit to complete.
Available withdrawal methods
|Method||Base currencies||Maximum withdrawal per transaction||Processing time||countries|
|Visa – Mastercard credit cards||USD, EUR, GBP, JPY, CHF, AUD, RUB, PLN, HUF, SGD, ZAR||$10,000||3-5 business days||International|
|Neteller||USD, GBP, EUR||50,000 USD||Immediate||International|
|Skrill||USD, GBP, EUR||50,000 USD||Immediate||International|
|Klarna||EURO||€ 5,000||Immediate||Germany, Austria, Netherlands, Switzerland, Italy, Spain, Belgium, Finland, France and Poland|
|Perfect Money||USD, GBP, EUR||10,000 USD||Immediate||International|
|Cryptocurrencies||BTC, LTC, BCH, XRP||$200,000||Immediate||International|
|Wire Transfer||USD, EUR, GBP||Unlimited||3-5 business days||International|
|Avo Payments||ZAR||500,000 ZAR||3-5 business days||South Africa|
|eft Pay||ZAR||95,000 ZAR||3-5 business days||South Africa|
|PayRedeem||EUR, USD||TBA||TBA||EU countries|
|Jeton||USD, EUR, GBP||Varies by country||Immediate||International|
Following the trader’s request, withdrawals will be processed within 3 to 5 business days.
During this time, the company will carry out routine checks before proceeding with the payment.
The times for the actual crediting to your personal deposit (such as a current account) varies according to the payment method selected.
To prevent any wrongdoing such as fraud, money laundering or terrorist financing from happening, the broker carries out strict checks and will only process withdrawal transactions at the source of the original deposit using the following process:
- Any withdrawal request, regardless of the payment method chosen, will be processed by credit/debit card first.
- Withdrawal requests containing funds from both profits and deposits will be processed in two separate requests: the first for the return of trading profits, the second for the return of original funds. Exceptionally, based on the requirements of the third-party sender, a single request may be made.
- Withdrawals via e-wallet will be processed to the address of the wallet from which the initial deposit originated.
- All other available deposit methods (such as bank withdrawals), can be used when the deposits made with the two methods previously mentioned (credit cards and e-wallets) have been completely used up.
Instruments offered by LegacyFx
Before any trade can be started, the trader must know the market thoroughly and know how to act.
The use of the right financial instruments is the key to being able to achieve the set goals by investing at the right time and in the right way.
In order to enable traders to access all the information they need to trade, LegacyFx offers a wide range of highly practical tools such as an economic calendar, FX calculators and signals.
- The broker provides real-time signals and daily, weekly and monthly market trends so that you can fully understand the product you have decided to invest in.
- Technical analysis
- Instrument that allows the trader to know in detail the chronological trend of the prices of the financial markets, with the aim of predicting future trends. LegacyFx offers accurate technical analysis which allows the client to carefully evaluate their investments by viewing both price swings and chart patterns.
- Market news
- High-impact news affects the markets. By keeping constantly updated, the trader will be able to react quickly by investing instantly. On the page dedicated to the main market news, customers will be able to view the main global market news and trade on the asset they are reading about by clicking on the “Trade” button located to the right of the article.
- Economic calendar
- The economic calendar represents the set of macroeconomic news and data cataloged in chronological order that could affect individual stocks or entire markets. Thanks to this tool, the trader will be able to structure accurate trading strategies.
- Trading on financial markets can be extremely complicated in some cases, since sometimes exchanges require extremely advanced calculations to determine volumes, sizes, profits, losses, etc. Calculators help traders quantify the data needed to execute difficult trades.
- Data and analytics
- Through the TradingView premium analysis portal, you will be able to view real-time charts, fundamental data and widgets of the cryptocurrency market.
- Market opportunity
- A wide range of detailed information on the forex market that will enable the trader to find profitable investment opportunities, build accurate strategies and get as much as possible.
- Trading hours
- In addition to knowing what it is equally important to know when to invest. Trading hours vary by instrument, markets per server etc. LegacyFX server time and charts are GMT+2 or GMT+3 (when Daylight Saving Time is in effect). It is important to remember that trading hours may vary and if they do, all details will be viewable in your account via the trading system.
- Trading Central
- An important partnership to provide customers with essential information to be able to make accurate decisions on their tradings using the latest generation of analysis tools. Trading Central combines the accurate research of specialized analysts with an automatic multilingual analysis on markets around the world. It constantly scans 89 markets worldwide to provide coverage on over 75,000 instruments. Among the advantages of using the tool we find:
- The Daily News
- Daily updates combining technical and fundamental research in order to find profitable investment opportunities.
- The morning summary
- Set of relevant news and important market data viewable every morning.
- Full integration
- Fully integrated with LegacyFX MT5 charts.
- Trading signals
- Price level and directional indications on the charts of the instruments traded by the client.
- Adaptive candlesticks
- As many as 16 candlestick patterns available on MT5 live charts.
- Live indicators
- Adaptive Divergence Convergence indicators based on the MACD indicator for free access to a variety of entry/exit points thanks to both slow and fast indicators and rough and smooth signal lines.
- Business ideas
- Extremely accurate trading advice created using both technical and fundamental analysis.
- Economic events
- Over 115 charts linked to extremely important economic events to be able to structure rapid strategies thanks to real-time news.
Autochartist is a company that since its creation in 2004, has been providing traders with software designed to automate technical analysis, which is fundamental in the world of trading.
The tool allows you to identify chart patterns using technical indicators such as identifying Fibonacci patterns and offers the trader real-time suggestions based on market swings.
In addition, Autochartist constantly monitors the markets 24 hours a day and sends the trader important notifications on price changes whenever a new potential investment opportunity arises.
The Autochartist plug-in integrates seamlessly with MT5, the software has a simple, intuitive and fully customizable interface.
It offers the ability to access accurate analysis viewable on a single chart and place any trade directly from the MT5 platform.
Here are the main features offered by Autochartist:
- Technical Graphic Diagram
- Using the software you will be able to automatically receive emerging and complete formations in order to have a better perspective on the chart patterns, this will allow the trader to invest with more information.
- Fibonacci patterns
- Technical analysis tool that uses percentages and horizontal lines on price charts to help identify areas of support and resistance. The trader will be notified, via sound or visual notifications, in case there is an appearance and completion of Fibonacci patterns.
- Volatility analysis
- Better risk assessment by optimizing stop loss and take profit levels, obtaining statistical information on the price volatility of the Forex and CFD instruments chosen for investment.
Traders who want to take advantage of the service and learn more about its properties will be able to visit the Autochartist trading community center and access a wide range of educational materials and how-to videos.
In summary, the advantages that the trader can derive from using Autochartist are:
- Automatic market analysis and key pattern detection will save you valuable trading time.
- A daily scan sending notifications about potential market opportunities of the day.
- Audio and video alerts on automatically detected trading opportunities.
- View forecast ranges illustrated on completed models and predicted price levels.
- Simple and practical interface, without having to use multiple windows, all viewable on a single screen.
LegacyFX offers a complete and finely structured educational section.
Educational resources for both novice and professional traders with courses, e-books, video tutorials and much more.
- Introduction to Forex
- A brief overview of the key concepts of forex and online currency trading. A short reading full of content to start understanding what forex is, how and why to trade.
- Introduction to futures
- A basic illustration of futures contracts to help the reader understand what they are, what assets they are available on, and how to calculate the rollover adjustment.
- A list of on-demand videos, which will allow traders of all experience levels to expand their knowledge of financial trading. From simple to understand videos to learn the most used terms in the industry to more complex videos to improve your trading strategies on MetaTrader platforms.
- Reading material composed of numerous texts in easy-to-understand electronic format in order to broaden one’s knowledge on a wide range of financial trading topics.
- What is forex
- More in-depth reading on the forex markets with access to extremely useful introductory courses.
- Education courses created exclusively for new traders willing to expand their knowledge and experience in trading.
- Advanced training courses covering topics such as complex trading strategies, insights into various trading tools, and additional resources.
- Detailed list of the most used terms in trading with relative explanation of each of them.
The broker does not currently offer its clients any bonus promotions.
Nonetheless LegacyFx operates a number of beneficial initiatives such as loyalty program, refer a friend, no fee, secure mode program and more.
The loyalty program is a promotion that allows the trader who requests it to receive rewards by trading and collaborating with the broker.
The program is divided into levels: smart, expert, wise and genius.
Each level has minimum requirements to be met, the higher the level the more prizes you will receive.
At least three requirements must be met in order to move to the next level.
- Make 1 to 4 Transactions (deposits and withdrawals) in 30 days.
- Funds deposited in excess of $250 at the end of the 30 days.
- 1 to 9 trades in 30 days.
- Carry out 5 to 9 Transactions (deposits and withdrawals) in 30 days.
- Funds deposited over $1,000 – $4,999 at the end of 30 days.
- 1 to 9 exchanges in 30 days.
- Perform 10 to 19 Transactions (deposits and withdrawals) in 30 days.
- Funds deposited over $5,000 – $19,999 at the end of 30 days.
- 50 to 149 exchanges in 30 days.
- Make more than 20 Transactions (deposits and withdrawals) in 30 days.
- Equity over $20,000 at the end of 30 days.
- Over 15 exchanges in 30 days.
The prizes are divided by level:
|Access to specialized content||Available||Available||Available||Available|
|Phone session with lead account manager||Available||Available||Available||Available|
|Branded gifts 1 (pen, mask, etc.)||Available||Available||Available||Available|
|Branded gifts 2 (hat, shirt, etc.)||–||Available||Available||Available|
|Branded gifts 3 (mug, wallet, backpack, etc.)||–||–||Available||Available|
Safe mode program
The Safe mode program will allow the trader to reduce losses deriving from any bad investments.
With the “safe mode program” the customer will be able to literally cancel the trade made.
A great incentive to increase profits and minimize losses.
- The promotion is available only for new traders with a real account.
- As the invested amount varies, the number of trades that can be canceled varies.
- In case of a first investment of 1,000 USD, the first 3 trades will be in safe mode up to 50 USD each.
- In case of a first investment of 5,000 USD, the first 5 trades will be in safe mode up to 100 USD each.
- In case of a first investment of 10,000 USD, the first 7 trades will be in safe mode up to 150 USD each.
Invite a friend
The initiative allows the trader to receive up to 10% of the deposit automatically transferred to his account simply by inviting one or more friends to trade with LegacyFx.
The procedure is quite simple, the trader just has to share his personal referral link with friends.
This will allow him to receive commissions deriving from the volume traded by friends.
To access the promotion, just follow the next simple steps:
- Send an email to [email protected] to get the unique referral link.
- Share the link with friends using any method (sms, facebook, twitter etc).
- Making profits based on the trading volume of friends.
- The commission will be available in the applicant’s account within 24 hours./li>
Legacyfx in Europe “legacyfx.eu”
An ever-expanding broker, since 2017 the broker has been offering its services worldwide.
In addition to being strictly supervised by the Vanuatu Financial Services Commissions (VFSC), LegacyFx is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC), BaFin in Germany and the FCA in the UK.
This allows the company to be able to offer its services to most European countries.
Compared to the VFSC regulated company, the European LegacyFx has different characteristics, such as number of available accounts, trading conditions, maximum leverage and more.
But despite the differences, an equally efficient service is guaranteed, full of trading opportunities.
The platform available for trading is MetaTrader 5, one of the most popular and advanced software in the world for online trading that offers a wide range of latest generation tools.
|Regulations||Cyprus Securities and Exchange Commission (CySEC), FCA in UK, BaFin in Germany|
|Minimum deposit||$500 (varies by account)|
|Maximum leverage||from 1:5 to 1:30 (varies according to the traded instrument)|
|Platforms||MT5 – Mobile, desktop, web apps|
|Negative balance protection||Supported|
|Promotional offers (Bonuses)||None|
|Markets||Forex CFDs, Commodity CFDs, Indices CFDs, Crypto CFDs, Metals CFDs, US Stocks|
|Social and Copy trading||Available|
|Stop Out level||20%|
|Margin Call level||50%|
|Spread||Starting at 0.6 pips|
|Withdrawal fees||50 EUR-USD-GBP|
|Accounts available||Silver, Gold, Platinum|
|PAMM account||Not available|
|Swap-free account (Islamic account)||Available|
|Tools available||Technical Analysis, Market News, Economic Calendar, Calculators, Data & Analysis|
Please note that Legacyfx will not charge any commissions on trades except for stocks.
In order to get more information regarding the expenses to be incurred for investments in shares, visit the official website and contact the support team.
LegacyFX Accounts available in Europe
European customers will be able to start investing by being able to open three different types of accounts: Silver, Gold and Platinum.
As with international accounts, the broker divides the accounts into levels and based on the amount of the initial deposit, the trader will be able to access the desired account.
In summary, the greater the deposit made, the greater the advantages that the trader will have by opening the account.
Both demo and swap-free Islamic accounts are available.
In order to activate the latter, the trader of Islamic faith must contact the account manager via email.
The swap-free account is eligible for all account types offered by LegacyFX (Silver, Gold, Platinum).
|Features||Silver Account||Gold Account||Platinum Account|
|Max Leverage||1:30 (varies according to the selected instrument)||1:30 (varies according to the selected instrument)||1:30 (varies depending on the selected instrument)|
|Spread||Spread from 1.6 pips||Spread from 1 pip||Spread from 0.6 pips|
|Benefits Offered||Swap Free, Education, Economic Calendar, Technical Analysis Reports, Market Analysis & News, Educational Bonus, MT5 Platform, MetaTrader 5 Webtrader, Legacy Webtrader, Meta Trader 5 Mobile||Swap Free, Education, Economic Calendar, Technical Analysis Reports, Market Analysis & News, Educational Bonus, MT5 Platform, MetaTrader 5 Webtrader, Legacy Webtrader, Meta Trader 5 Mobile, Analysis Insights, 1 on 1 Support, Dealing Room Direct Line||Swap Free, Education, Economic Calendar, Technical Analysis Reports, Market Analysis and News, Educational Bonus, MT5 Platform, MetaTrader 5 Webtrader, Legacy Webtrader, Meta Trader 5 Mobile, Analytical Insights, 1 on 1 Support, Dealing Room Direct Line|
Deposit and withdrawal operations for European clients
Deposit and withdrawal methods offered are not many, but efficient and fast.
Regarding deposits the broker will not charge any commission.
Withdrawals require a minimum payment of $50. Obviously the funds will be kept in segregated accounts as required by strict European regulations.
The available deposit-withdrawal methods will be listed below in detail.
Please note that the broker will not cover currency exchange fees incurred by payment service providers or financial institutions.
Deposit methods table for European customers
|Method||Available currencies||Minimum deposit||Processing times||Fees|
|Visa – Mastercard cards||EUR, USD, GBP||500 USD||Immediate, 24/7||No fees on deposits|
|Wire Transfer||EUR, USD, GBP||500 USD||Depends on the banks. Typically 1-3 days||No deposit fees|
Withdrawal methods table for European customers
|Method||Available Currencies||Minimum Withdrawal Amount||Processing times||Fees|
|Visa – Mastercard||EUR, USD, GBP||No minimum||Within 3 working days||No fees on withdrawals|
|Wire Transfer||EUR, USD, GBP||100 USD||Within 3 business days||A commission of 50 EUR/USD/GBP|
legacyfx.eu education department
The educational material offered in Europe is practically the same (excluding the introduction to furures) and structured in such a way as to be useful for any type of trader.
Concepts already extensively described such as Introduction to Forex, VOD, Ebook, what is forex, beginners, advanced and glossary will be available for viewing and consultation at any time deemed necessary.