LegacyFX Forex Broker review 2018
LegacyFX’s is a 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 Cyprus Securities and Exchange Commission (CySEC), under the License No. 344/17
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 inhereitaly they all do the same thing.
LegacyFX is one of the more promising forex broker 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 4 different Trading Platform.
- WEBTRADER – Webtrader – Easy to use, anywhere, from Any Browser! No Download Required.
- METATRADER4 – MT4 – The World’s Leading Trading Software.
- MOBILE TRADER – Mobile trader – Trade anywhere, anytime on your Mobile device! Stay Up To date with your trades!
- STATION – SIRIX Station is the most up-to-date trading platform with a wide range of advanced features.
The Metatrader 4 Trading Platform does not really require any introduction, but the LegacyFX Webtrader Trading Platform is a less known Trading platform for many traders.
Still this platform is a solid choice and easy to navigate Trading platform This is a good platform for beginning traders that look to develop their skills.
The other Platform the as Legacy webtrader is a Trading platform
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.
In my opinion a trader will outgrow this platform and will search for another solution.
The good thing is that LegacyFX is also offering this solution in the form of their Sirix trading platform.
LegacyFX Sirix Desktop platform and Sirix Webtrader
Sirix Desktop platform or Sirix Webtrader. developed by the company Leverate. The Sirix Desktop platform is much more advanced than most other desktop platforms on LegacyFX’s offering making it the perfect platform for the more experienced and professional traders.
This Trading platform does offer some features for social Trading which will ease new traders into becoming solid traders in their own rights if they want to start trading straight away on this webtrader.
The Sirix platform has gone through numerous developments and upgrades over the last couple of years getting it tuned as close a possible to the what traders actually would like to see in the trading platform and not just what the provider thinks the trader’s needs.
The Traders are able to locate quotes easily enough on the left where they select from different categories of assets the ones they look to trade. The large main chart is centralized on the screen with the main account information displayed below that.
The moment you see this interface you will be able to understand instantly what you are looking at.
The Sirix Trading platform offer a wide range of indicators which should be more then sufficient for traders to do their magic.
LegacyFX traders education.
the offering of trading and education materials is what you actually should expect from a boker that is looking ti 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 .
this broker offers 3 types of accounts and you will be bale to get an type of account in accordance to the amount pf the deposits or volume of your trading account.
Legacy FX 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 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 then enough for most traders.
- Legacy FX 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 ask price.
- Fractional Pips: we offer clients fractional pips, that are 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 then 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. i wanted to also get to know the Sirix Trading platform better and this looked like the Perfect broker to do just that.
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