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LegacyFX
In this review, we delve into the offerings of LegacyFX, a forex broker that has been operational since 2017. Registered under the regulatory bodies of SySEC in Cyprus and VFSC in Vanuatu, LegacyFX has carved a niche for itself in the world of online trading. With the MetaTrader 5 platform at its core, the broker allows trading through the web and mobile apps, offering over 200 CFD trading instruments. These include Forex, Stocks, Indices, Commodities, and Cryptocurrencies. LegacyFX also provides additional features like signal service, an AutoChartist plugin for MT5, and regular market analysis. With a minimum trade size of 0.01 and a maximum leverage of 200:1, the broker caters to a wide range of traders. The minimum deposit to open a live account is $500. LegacyFX is headquartered in Vanuatu and can be reached via email or phone. The broker offers a variety of deposit and withdrawal methods including bank wire, VISA, MasterCard, Maestro, Neteller, Skrill, and UnionPay. With trading conditions that allow EAs/Robots and scalping, LegacyFX provides a comprehensive trading environment. In this review, we invite you to share your live trading experiences with LegacyFX, shedding light on its strengths and areas for improvement. Your feedback will be instrumental in providing an unbiased perspective to potential traders.
LegacyFX is a forex broker that was established in 2017. The company is registered with the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). This SySEC-Registered Broker offers a diverse range of trading instruments including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.
Trading Platform
LegacyFX provides its clients with the MetaTrader 5 platform, which is accessible via the web or through mobile apps. This platform is renowned for its advanced charting tools, automated trading capabilities, and customizable interface. The company also provides a signal service, AutoChartist plugin for MT5, and regular market analysis and news, making it a comprehensive solution for online trading.
Trading Conditions
LegacyFX offers a maximum leverage of 200:1 and a minimum trade size of 0.01. To open a live trading account, a minimum deposit of $500 is required. The broker supports automated trading with Expert Advisors (EAs) and allows scalping.
Trading Instruments
With over 200 CFD trading instruments available, traders have a wide range of options. This includes more than 40 currency pairs, 4 types of cryptocurrencies (Bitcoin, Litecoin, Ethereum), and over 135 commodities like Gold, Silver, Stocks, Stock Indexes, and Oil.
Deposit and Withdrawal Methods
LegacyFX provides multiple deposit and withdrawal methods, including Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Skrill, and UnionPay. This makes it convenient for traders across the globe to manage their trading funds.
Pros and Cons
LegacyFX, like any other broker, has its strengths and weaknesses. On the positive side, it offers a wide range of trading instruments, the popular MT5 platform, and a variety of deposit and withdrawal methods. On the downside, the minimum deposit to open a live account is relatively high compared to other brokers, and it may not be accessible to traders in some countries.
Scammer or Not
LegacyFX is registered with two financial regulatory bodies, CySEC and VFSC, which suggests that it operates within a regulated framework. However, as with any online trading platform, it's important for traders to do their due diligence and research before committing their funds.
Safety Check
LegacyFX uses advanced security measures to protect its clients' data and funds. However, it's always recommended for traders to use strong passwords, enable two-factor authentication, and keep their devices secure.
FAQs
What is the minimum deposit required to open a live trading account with LegacyFX?
The minimum deposit required to open a live trading account with LegacyFX is $500.
What trading platforms does LegacyFX offer?
LegacyFX offers the MetaTrader 5 platform, which is accessible via the web or through mobile apps.
Is LegacyFX a scam?
LegacyFX is registered with the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC), suggesting it operates within a regulated framework. However, traders should always conduct their own research before investing.
This independent review aims to provide a comprehensive overview of LegacyFX. For more information or to share your own experiences with this broker, please visit forexroboteasy.com.
forexroboteasy.com
1 review
LegacyFX, on the surface, may lure you in with the enticing promise of remarkable profits and streamlined account management. However, this façade may not endure, as I have found this profit mirage gradually dissipates to reveal a reality of loss and non-existent withdrawals. I urge you to exercise extreme discretion before entrusting your funds with this broker; in fact, steer clear if you can. LegacyFX, unfortunately, stands today not as a reputable broker but a well-masked scam. No one wishes to harbor regrets regarding investments, which is all I am left with after trusting them. I was left staring at the chilling reality of a $10,000 loss that I incurred due to this platform's actions. Illusions of profit-making turned into nightmares of wallet-emptying. Once you dive in set with hopes of high returns, the story takes a sharp, nasty turn. Every trading attempt turns into a plummeting spiral of losses, draining your funds at an alarming speed. Pleas for withdrawal fall on deaf ears, leaving you trapped in an unsavory financial loop with a vanishing trail of your much-valued investments. What further bites about LegacyFX is their shoddy customer service. Their pre-made flimsy excuses wrapped in platitudes, go as far as to insult the intelligence of any seasoned trader. They have an insatiable tendency to pressure you into pouring in more funds even when the walls are evidently crashing down. In conclusion, this 'LegacyFX Scam' experience is a stark reminder to be extremely cautious and diligent when picking a broker. With more losses than gains and an elusive withdrawal system, LegacyFX seems to do more damage than good. So, I entreat you to take my experience as a cautionary tale to stay away from this pitfall, and keep your hard-earned funds protected from such predatory antics. Remember, like all that glitters is not gold, all that promises profit does not essentially result in one. Keep your investments as far from LegacyFX as possible, and safe from the clutches of such scams.
LegacyFX paints a seductive portrait of robust profits with its well-curated image. As they swiftly take charge of your account promising you substantial gains, allow me to bear witness to the grim aftermath - catastrophic loss. I beseech all potential investors to delink from this scam broker and guard your hard-earned money from the fortified deceit behind their offerings. LegacyFX, under the guise of professional brokers, is nothing but a grand facade. My dreadful encounter began when I entrusted them with my capital, a daunting sum of 10k, hoping to reap substantial returns. However, the reality was the stark opposite of the promised landscape of profits. The company seemingly operates with a single agenda - to lavish promises of high returns only to meticulously drain your account. Their tactics for money siphoning are craftily designed and implemented, leaving the investor blindsided and engulfed in losses. Despite my constant attempts, a withdrawal, let alone a reimbursement, was an elusive concept. LegacyFX harbors a cavernous void where transparency and ethical behaviors should exist. Their eloquent excuses and well-rehearsed refutations weave a web of confusion in the investor's mind, distracting them from the shattering reality of complete financial depletion. Their deceit extends far and wide, luring investors with intriguing financial jargon only to exploit their trust and siphon off every last penny. At any moment, they could camouflage your losses with sophisticated "financial speak," turning the odds in their favor while consigning you to inevitable financial losses. In conclusion, investing with LegacyFX is akin to feeding your resources to the jaws of relentless beasts. Not only did I mourn the loss of my initial capital, but I also fell prey to an intricate game of deception and loss. This review stands as a warning about the hidden perils of entrusting your asset to cunning, profit-mongering entities like LegacyFX."
1 review
LegacyFX paints a picture of attractive returns and comprehensive account management, luring you into a façade of financial success and prosperity. Despite the alluring promises, the reality is a rather bitter disappointment. Their mantra is simple - promise substantial profits, drive accounts to inevitable loss, and play an expertly mastered game of convenient disappearances when it comes to withdrawals. Steer clear of this unscrupulous broker! LegacyFX can be best described in one word – a disillusioning scam. Saddled with the disheartening experience of losing 10k, I'm a direct victim of their immoral practices. The concept of withdrawal is a fairy tale in the world of LegacyFX- a story they narrate beautifully, yet never bring to life. LegacyFX is not just a broker with no virtues, but an institution well versed in the crafty game of financial deception. They brag about wise investments and promising returns, but the only consistent thing is the devastating losses that follow. Time and again, they prove that their words are as empty as the returns they promise. Their strategy is as predictable as it is deceptively cruel – build a narrative of profits, drain your account swiftly without raising any suspicion, cover up their tracks with vague explanations, and then repeat the cycle until they've squeezed every last penny out of you. Never be fooled by their sweet talk! They have a knack for persuasive narratives, expertly weaving tales of immediate profit. But remember, it's all a mirage. The only thing they're really good at is dipping into your savings, leaving nothing but traces of their deceit and your shattered dreams in their wake. In summary, the golden promises of LegacyFX are merely smoke and mirrors, an orchestrated illusion aimed at robbing the unsuspecting trader. Learn from my experience, save your hard-earned money, and steer clear of the deceptive, tangled web weaved by LegacyFX.