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LegacyFX

Belarus|5-10 years|
Retail Forex License|White label MT5|High potential risk|

https://www.legacyfx.by/en

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

LegacyFX-Server

Finland
MT5
1

Influence

C

Influence index NO.1

Belarus 5.07

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
LegacyFX-Server MT5
Server Location Finland

Influence

Influence

C

Influence index NO.1

Belarus 5.07

Surpassed 60.87% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+375 291788410
info@legacyfx.by
https://www.legacyfx.by/en

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+375 291788410

Broker Information

More

Company Name

"AN ALL New Investments BY" LLC

Company Abbreviation

LegacyFX

Platform registered country and region

Belarus

Company website
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-06-17
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

LegacyFX · WikiFX Survey
Danger A Visit to LegacyFX in Belarus - No Office Found
Belarus

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LegacyFX · Company Summary

LegacyFX Basic Information
Company Name LegacyFX
Headquarters Belarus
Regulations Regulated
Tradable Assets Currencies, stocks, indices, commodities, and cryptocurrencies
Payment Methods International banks
Trading Platforms MT5 trading platform
Customer Support Email (info@legacyfx.by)Phone (+375 291788410)

General Information & Regulation

The Brand LegacyFX is an established broker providing a wide range of products and services for traders worldwide since 2017. It grants traders access to a broad spectrum of tradable assets, encompassing currencies, stocks, indices, commodities, and cryptocurrencies. Through its MT5 trading platform, LegacyFX provides users with a seamless and intuitive interface, known for its robust functionality and ease of use.

The company “AN All New Investments BY LLC” (operating under the LegacyFX brand) was registered on 12/14/2018 (UNP 193180778) with Company Registration number 193180778 (Certificate of the National Bank of the Republic of Belarus No. 17). The activities of AN All New Investments BY LLC are regulated by Decree of the President of the Republic of Belarus No. 231 dated June 4, 2015 “On the implementation of activities in the OTC Forex market”.

Overview of Legacy FX

Is LegacyFX Legit?

LegacyFX is regulated, operating under the supervision of the National Bank of the Republic of Belarus and licensed under number 193180778. It ensures that brokers operate legally, minimizing the risk of fraudulent activities and fostering a secure trading environment. Regulated brokers adhere to stringent financial reporting standards, offering investors transparent and dependable information to make informed decisions. However, while regulation enhances oversight and accountability, it does not entirely eliminate risks. Therefore, traders should maintain vigilance and exercise caution when participating in online trading activities.

Is LegacyFX Legit?

Pros and Cons

LegacyFX offers a diverse range of trading instruments, providing traders with ample opportunities to diversify their portfolios and explore various markets. The platform utilizes the popular MetaTrader 5 platform, known for its advanced trading tools and user-friendly interface, enhancing the trading experience for users. Additionally, LegacyFX operates with regulatory oversight, providing clients with an added layer of security and peace of mind. However, the platform's website is currently inaccessible, which could pose challenges for users trying to access essential information or execute trades. Furthermore, high account minimums can be a burden to most traders, especially beginners.

Pros Cons
  • Various trading instruments to trade
  • High minimum deposit
  • Utilizes the popular MetaTrader 5 platform
  • Unable to access the website
  • Operates with regulatory oversight

Market Instruments

Besides a good selection of currency pairs, traders can diversify their portfolio with indices, commodity CFDs, metals, cryptocurrency pairs, and stocks on LegacyFX platform.

Account Types

There are four account options on offer: Silver, Gold, Platinum, and VIP. The Silver account is available from a minimum deposit of $500, the Gold account for a deposit of $5,000, $25,000 for the Platinum account, and the VIP account is yielded for deposits exceeding $50,000. Swap-free Accounts are available, but swap-free accounts are granted to all traders.

LegacyFX

LegacyFX Leverage

Leverage varies from 1:5 to 1:200 depending on the asset traded: Stocks – 1:5, Forex – 1:200, Metals – 1:100

Indices – 1:100, Commodities – 1:100, Cryptocurrencies – 1:5.

Spreads & Commissions

Traders can choose between fixed or variable spread accounts. Variable spreads for major forex pairs such as EUR/USD start at 1.6 pips with the Silver account. Spreads get tighter with the Gold and Platinum accounts, going down to 0.6 pips. Fixed spreads are around 3 pips for EUR/USD with the Silver account. All assets are commission-free, except for stocks where charges range from 0.15% to 0.45% depending on the account.

LegacyFX Trading Platform

LegacyFX offers traders access to the MetaTrader 5 (MT5) trading platform, renowned for its advanced features and versatility. With the MT5 platform, traders can execute trades across various financial markets, including forex, stocks, indices, commodities, and cryptocurrencies.

MetaTrader 5 (MT5)

Deposit & Withdrawal

The minimum deposit for a LegacyFX account is $500, while there is a maximum deposit of $10,000 with credit/debit cards. LegacyFX‘s website clearly states that withdrawals to credit cards can only be in the amount of the deposit from that particular card; the remainder will be wired to the client’s bank account. Clicking on Bank Wire Transfers returns the bank wire information, while all other buttons lead to a log-in screen. Legacy FX covers all deposit and withdrawal fees for transactions via major credit/debit cards, Skrill, Neteller, and bank wires above $200.

LegacyFX

Customer Support

LegacyFX offers customer support through email at info@legacyfx.by and phone at +375 291788410.

Customer Support

Conclusion

In summary, LegacyFX offers traders a wide array of trading instruments and account types, coupled with the renowned MetaTrader 5 platform, fostering flexible and accessible trading opportunities. The platform operates under regulatory oversight, ensuring adherence to industry standards and bolstering investor confidence. However, the inability to access the website and the lack of clarity regarding account types may hinder the trading experience for some users. Traders are advised to proceed with caution, conduct thorough research, and verify information directly with LegacyFX to mitigate potential risks and ensure a safer trading journey.

FAQs

Q: Is LegacyFX regulated?

A: Yes, LegacyFX is regulated by the National Bank of the Republic of Belarus and holds license number 193180778.

Q: What trading instruments are available on LegacyFX?

A: LegacyFX offers a diverse range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.

Q: How can I contact LegacyFX's customer support?

A: You can contact LegacyFX's customer support via email at info@legacyfx.by or by phone at +375 291788410.

Risk Warning

Trading online carries inherent risks, and there's a possibility of losing your entire investment capital. It's crucial to acknowledge these risks and understand that the information presented in this review may not always be up-to-date due to changes in the company's services and policies. Therefore, readers are encouraged to verify the information directly with the company before making any decisions. Ultimately, it's the responsibility of the reader to use the information provided in this review wisely and make informed decisions.

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WIKIFX REPORT: CySEC-regulated LegacyFX attacks European clients via unauthorized offshore entity!

NewsWIKIFX REPORT: CySEC-regulated LegacyFX attacks European clients via unauthorized offshore entity!

2022-05-30 18:14

For European authorities, offshore onboarding to avoid ESMA and FCA standards is still a major concern. As FinTelegram has often pointed out, CySEC, in particular, has had an issue with this method for years. A.N. All News Investments Ltd d/b/a A.N. All News Investments Ltd d/b/a A.N. All News Investment LegacyFX is a CySEC-regulated CIF that works with offshore mutations to attract European clients. Their offshore broker is AN All New Investments (VA) Ltd in Vanuatu. However, the CySEC-regulated entity processes all of this offshore broker's card transactions. Here's the latest news!

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2022-05-30 18:14
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User Reviews

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Write a review

LukeCheng
more than one year
Been using Legacy FX. Their platforms are smooth, easy to handle. Trading feels straightforward. The spreads stay steady. No sudden changes messing with my trades. And customer service? Quick to respond. Any issue or question, they’re right there to help.
2024-03-08 14:44
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0
0
谢天亿(中国人寿) Alice
more than one year
It's so weird that the company's website takes a long time to load and shows a lot of Russian language on it. Is it because the server is in Russia that the speed is so slow?
2023-02-23 11:38
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0
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