LegacyFX

Written by How we review

LegacyFX is a forex and CFD broker offering broad access to currencies, commodities, indices, and shares on popular trading platforms, plus market analysis and education. It provides straightforward account options and multilingual customer support in a clear, research-focused setup.
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Key facts

7.5/10
Our rating
#146
Trust rank
2017
Founded
4
Licences
227
Countries accepted
HeadquartersCyprus
Broker typeMarket Maker
RegulationCySEC; FSCA; FSC Mauritius; VFSC
PlatformsMT5
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, Metals
Fee levelMedium

Updated

Pros

  • • CySEC regulation (EU)
  • • Investor Compensation Fund (ICF) coverage
  • • Negative balance protection
  • • MetaTrader 5 platform support
  • • Swap-free (Islamic) accounts

    • Cons

  • • High minimum deposit
  • • Wider spreads vs ECN pricing
  • • MT5-only (no MT4/cTrader)
  • • Inactivity fees on dormant accounts
  • • No raw-spread/commission-based accounts

    • Key Features

  • • CySEC Regulation Segregated Client Funds Negative Balance Protection
  • • Multi Asset CFD Trading Forex Stocks Indices Commodities Metals Crypto
  • • MetaTrader 5 Platform Desktop Web Mobile
  • • Islamic Swap Free Accounts
  • • Education Research Webinars and Daily Analysis

    • Similar Brokers

    Where This Broker Ranks

    LegacyFX is not in the top 10 for any country or territory we rank yet. Each list shows the ten highest-rated brokers that accept clients there. How we rate brokers · All rankings by country

    How we review: We rate brokers on regulation, safety of client funds, trading costs, platforms and tools, execution, and reputation, using independent research and hands-on platform testing where possible. Partners cannot buy higher scores. This content is informational only, not investment advice.

    See our Methodology and Risk Disclosure for full details.

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    We will review issues related to the information shown on BrokerCatalogue (fees, features, data, wording). For account, deposit, or withdrawal problems, please contact the broker directly. We cannot access your funds or fix platform-side issues.

    Affiliate disclosure: Some links are affiliate links. We may earn a commission if you sign up, at no extra cost to you. This helps keep BrokerCatalogue running and does not change how we rate or compare brokers.

    Frequently Asked Questions

    LegacyFX is an online broker for forex and other CFDs. You open an account, fund it, and place orders on a trading platform. Prices update in real time and your orders fill at available market rates. You can use margin, which increases both gains and losses. Product access and terms can vary by region and entity. Read the legal documents and risk disclosure before you trade. This is general information only and not financial advice.

    LegacyFX offers a standard platform on web, desktop, and mobile. You get live charts, drawing tools, many order types, watchlists, price alerts, and an economic calendar. You can use stops and limits, close part of a trade, and view account reports. Some accounts include research and education. Features can differ by region and account. You can try a demo to learn the tools before you trade real funds.

    Your cost at LegacyFX can include the spread, a commission per trade, and a swap or rollover on positions held overnight. Currency conversion may apply if your account and the product use different currencies. Banks and payment services can charge for deposits or withdrawals. The broker may charge inactivity or account fees under its policy. Review the fee schedule and product terms in your client area before you place any orders.

    At LegacyFX, you can add funds by bank transfer, cards, or select payment services. Available methods depend on your region and account. The name on the payment method should match your trading account. Third‐party payments are not allowed. Processing times and limits vary by method and compliance checks. You may need to verify a method before use. Your bank or provider can add its own charges. You can request withdrawals in your secure portal.

    To open a LegacyFX account, fill out the online form and choose an account type. Upload a valid photo ID and a proof of address. You may answer a short questionnaire about your trading experience. After review, you receive platform access and can use a demo or live account. Timing depends on documents and checks. Read the terms, risk warning, and product details before you fund. Service may vary by region.

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