Legacy FX Review

Regulated broker LegacyFX provides free market signals in addition to forex and CFD trading. In this study, we dissect the steps for registering and logging in and more. Examine LegacyFX to see if it is a reliable and secure broker.

Process of Trading

Users only need to follow these simple steps to place a purchase or sell order:

Choose Tools from the top menu of the terminal.

Choose “New Order”

Double-click the asset you want to bet on, such as the EUR/USD

Just now change the trade settings. The symbol, volume, order type, stop loss, and take profit should all be visible. Additionally, you can add any comments. Then confirm the trade.

Trading Platform

The popular MT4 replacement, MT5, is available from LegacyFX in both web-based and desktop download versions. Although it benefits users of all skill levels, advanced traders particularly enjoy the software.

Features consist of:

• Current quotes
• Eight order types or more
• Graphics tools and more than 80 indicators
• Market-depth analysis and economic data
• A quick execution one-click trade feature
• Historical data center, rapid EA strategy tester, three chart kinds, nine timeframes (1 minute to 1 month).

MetaTrader 5

For Windows or Mac PCs, visit the broker’s website to download MT5.

As an alternative, you can use your web browser to directly visit WebTrader. The WebTrader is suitable for all operating systems & trading operations; there is no requirement for additional software or browser extensions.

Trading is also enabled on mobile devices

Mobile Application LegacyFX provides cross-platform trading using the practical MT5 mobile application. Open trades may be managed, interactive charting tools can be accessed, and full trading histories can be viewed while on the move. The economic calendar, along with customized tactics for experienced advisers, may help you stay up to date on the most recent market developments.

Mobile Application

The MT5 mobile app has received high marks for its user-friendliness and is available for free on both iOS and Android smart devices (through an APK). The smartphone app, according to our experts, is user-friendly for beginners.

Payment Procedures

There are various quick and cost-free alternatives for making deposits. Popular options’ processing timeframes range:

• Neteller; Instant
• 1 to 3 days for wire transfers
• Instant Bitcoin using Visa/Mastercard; takes a few hours

The maximum deposit varies depending on the method. While Neteller & wire transfers are unlimited, MasterCard and Visa transactions are limited to 10,000. Each method doesn’t work with all base currencies, so check what’s available in your area.

Withdrawals are processed within three to five business days. Some techniques also use a daily withdrawal limit. The only uncapped choices for huge sums are wire transfer or Giropay.

Withdrawals from a bank account in the target currency require a minimum of 150, while all other payment methods are unlimited in size. However, LegacyFX does pass on any additional costs to the client and does not charge closing fees for withdrawals.

Note that depending on your area, several different payment options are also accessible, including AVO Payments, Volt, EFT Pay, PayRedeem, Jeton, and GIGADAT.

Customer Assistance

Customer service assistance is offered from Monday through Friday from 08:00 to 24:00 GMT+3.

LegacyFX provides a well-liked live chat option. On the webpage, look for the chat logo in the lower right corner. You can also contact customer service via phone at +41315087455 or email at support@legacyfx.com.

Additionally active on social media, LegacyFX is on Twitter, Facebook, Instagram, and Telegram.

Security

To protect the security and safety of customer funds, LegacyFX takes several steps.

It is subject to stringent financial regulations as a registered broker, including frequent audits and monitoring.

Rapid SSL 256-bit encryption and a firewall are used to protect every transaction. Servers are housed in SAS-70 certified data centers, and transactions are also carried out through Level-1 PCI-Certified service providers.

The only purpose of the segregated accounts containing all customer funds is to pay clients. If the corporation files for bankruptcy, it will not have access to this money.

Conclusion

LegacyFX has a lot to offer. It provides a good selection of assets, helpful learning materials, and free trading signals. Additionally, the broker is licensed, which is a plus. So go ahead and give it a chance as you won’t regret.