LegacyFX Forex Broker review 2019
LegacyFX’s is a Premium Forex broker that is able to provide trading services for the beginning as well for the seasoned Traders.
they are today fully authorized and regulated by the (VFSC)
Vanuatu Financial Services Commission under license number 14579
In the Market today, every Broker is trying to find an edge and identity with their unique approach and offering to their Traders, this is more difficult then it sounds since inherently they all do the same thing.
LegacyFX is one of the more promising forex brokers on the market today and they have revamped their entire service structure to accommodate the new regulation license they have acquired.
So what does Legacy FX offer?
LegacyFX Trading Platforms.
Legacy FX offers mainly the MT5 Trading Platform. for different mediums
- WEBTRADER – Webtrader – Easy to use, anywhere, from Any Browser! No Download Required.
- METATRADER5 station- MT5 – The World’s Leading Trading Software.
- MOBILE TRADER – a Mobile trader – Trade anywhere, anytime on your Mobile device! Stay Up To date with your trades!
The Metatrader 5 Trading Platform is the big brother of the Known Metatrader 4 trading platform which does not really require any introduction, but the LegacyFX Metatrader 5 Trading Platform is a less known Trading platform for many traders.
Still this platform is a solid choice and the most advanced Trading platform This is a good platform for traders that look to take advantage of their skills.
is one of the better trading platforms out there and will boost any traders ability to become profitable.
Multiple Order Execution Types
- Trailing Stops, Stop limit, and Market orders
Chart-Based Trading and Position-Keeping.
- Modify and optimize positions on-chart
Expert Advisors and Custom Indicators
- Download or write your own advisors & indicators
Instant Response to Trading Alerts & Signals
- Download MetaTrader-5 for free and launch your forex career.
The other Platform the as Legacy webtrader is a Trading platform but is the web version of the MetaTrader 5. here you will be able to trade under the best conditions live without downloading the software
This Trading Platform is simple in its functionality, nonetheless, it has everything a trader would want or needs for trading.
- Real-Time Quotes – Stay up-to-date and 100% trade-ready with multi-source instantly updated data.
- One-Click Trading – Fast order Execution, with a click of a button.
- All Order Types – Execute instantly or open a pending order, set limits and control your risk.
- High-speed execution – Get pricing, execution, and fill rates at light-speed value.
Placing orders on Legacy FX’s platforms are both intuitive and very easy. The Part that makes this easy is that as a trader you have the ability to do this from the main dashboard screen or from the detailed chart perspective.
Traders can add and change STOP and LIMIT orders and provide all basic functionalities one uses when starting trading forex. This is also one of its strengths and one of its weaknesses.
LegacyFX traders education.
the offering of trading and education materials is what you actually should expect from a broker that is looking to position itself in the top.
their academy offers the following:
- Forex Trading – 17 Lessons
- Market Analysis – 11 Lessons
- Trading psychology – 10 Lessons
- Trading strategies – 10 Lessons
- Technical Indicators – 8 Lessons
- Trading Signals – 23 Lessons
- Stocks – 8 Lessons
- CFDs – 6 Lessons
- Metatrader 4 – 9 Lessons
THIS IS A HUGE COURSE AND SHOULD BE MORE THEN ENOUGH TO CARRY A NEW TRADERS THROUGH THE FIRST COUPLE O MONTHS.
Legacyfx accounts types
this broker offers 3 types of accounts and you will be able to get a type of account in accordance with the amount of the deposits or volume of your trading account.
LegacyFX offered Trading assets.
There are brokers that offer a much larger amount of tradable assets in the form of more currencies and stocks and today also a cryptocurrency , but Legacy FX offers what is most Traded in the market, they have all the Majors some Minors and exotics as well as stocks indices and CFD’s.
the overall offering is more than enough for most traders.
- LegacyFX takes No Commissions – except Stocks – LegacyFX.com earns on each Forex trade from a mark-up embedded in the spread, which is the difference between the bid price and the asking price.
- Fractional Pips: we offer clients fractional pips, that is up to 10 times more precise, to take advantage of smaller price movements
this is a good broker to Start trading with if you look to enter the industry, they will treat you well and provide you really with everything that you need in order to become the trader you believe you could be.
they have more than enough deposit and withdrawal options and a huge academy to get you going. their customer service and trading conditions are what you should expect.
Would you open an account with LegacyFX?
the answer is a simple Yes, and I would and actually did.
Risk Warning: Trading Foreign Exchange (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. FX and CFDs carry a high level of risk since leverage can work both to your advantage and disadvantage. you may lose all of your invested capital. Risk Disclosure.
Restricted Regions: LegacyFx does not provide services for residents of certain regions, such as the United States of America, Israel, Iran, Syria, Afghanistan, Myanmar, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario and Manito
LegacyFx is owned and operated by A.N. Allnew investments Ltd
A.N. Allnew investments Ltd is a Cyprus Investment Firm, authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under the License No. 344/17 | Q Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus
Customer Services: Support@legacyfx.com | tel:+ 3572503067