Legacy FX MT4 Broker Review | Forex broker review 2018

Legacy FX MT4 Broker Review | Forex broker review 2018

 

Legacy FX, has been around for some time longer but Just made a relaunch in 2017.

This Brokerage has its headquarters in Cyprus and regulated in Cyprus under the CySEC Regulations.

Legacy FX has a solid offering of different account types, including both market-maker and ECN type accounts well as an Islamic account Solution.

they offer the their traders 2 of the most popular trading platforms i the industry today.

A choice of the two major and generally most popular trading platforms in the industry: Metatrader 4 and Sirix Web Trader. This in addition to a surprising wide range of financials instruments available for trading , makes this an all round broker that caters to the beginning traders as well as the intermediate traders.

 

Open demo account with LegacyFX MT4 brokerOpen real Legacy fx Trading Account

 

 

 

Legacy FX Platforms

 

Legacy FX MetaTrader4 Trading Platform

I am not sure that I have to still explain what is the metatrader 4 , but incase please read more about that here

What does the Metatrader version of Legacy FX offers their traders

  • a multilingual interface,
  • instant execution,
  • a complete technical analysis package
  • wide range of in-built indicators and charting tools,
  • various custom indicators and time periods and more.
  • Automated trading
  • built in help guides for MT4
  • Multiple Order Execution Types, Trailing Stops, Stop limit, and Market orders
  • Chart-Based Trading and Position-Keeping, Modify and optimize positions on-chart
  • Expert Advisors and Custom Indicators
  • Instant Response to Trading Alerts & Signals

 

The Metatrader 4 is so powerful because it allow third party software of expert advisors to be part of your trading, this alone makes it an amazing piece of software. Add with this a brokerage that harnesses this power and allows their traders to take full advantage of the possibilities withing this software and educate their traders to the proper full use of the Metatrder4 and you see why LegacyFX is a good brokers to start your trading career.

 

Legacy FX Sirix Web Trader Trading Platform

Legacy FX offers in addition also the SIRIX Trading Platform.

This is a Web-based advanced trading platform which requires no download and is made purely for the today's market.

Also SIRIX is not new to the market and may brokers offer this platform to their traders. The platform offers one-click trading  and has a built-in, sophisticated charting package with the most popular technical indicators.

As you should expect from something that is only based SIRIX offers some sort of social Trading  that allows you to see what is going on with traders within the same platform , this can be a good indications for traders to take actions or refrain from doing so. This online actual learning of how to trade is what makes social Trading so powerful.

The review for this trading platform is that you either hate it or love it. I have traded with it for sometime last year and found that it could use a good update but that said it is easy to use and

legacy FX Trading Platforms

Accounts offered by LegacyFX

Legacy FX offers 3 account types that change in accordance to the amount you deposit.

 

ACCOUNT TYPE

Silver
Basic trading for beginnersAccount is designed for newcomers and beginners.
You can get the real thrill of trading at minimal risk
Gold

Gold traders
Legacy FX Prepaid Card

Platinum

Professional investors
Designed for experienced Forex traders

Min First Deposit $500 $5,000 $25,000
Leverage 1:50 1:50 1:50
Spreads As low as 2,4 pips As low as 1,5 pips As low as 0,9 pips
Option of Fix Spread Option of Fix Spread Option of Fix Spread
Education Yes Yes Yes
Economic Calendar Yes Yes Yes
Technical Analysis Reports Yes Yes Yes
Market Analysis and News Yes Yes Yes
Educational Bonus Yes Yes Yes
SIRIX Station Yes Yes Yes
SIRIX Webtrader Yes Yes Yes
SIRIX Tablet Yes Yes Yes
SIRIX Mobile Yes Yes Yes
SIRIX Mobile App Yes Yes Yes
Analysis Insights NO Yes Yes
1-on-1 Support NO Yes Yes
Dealing Room Direct Line NO Yes Yes

 

Open demo account with LegacyFX MT4 brokerOpen real Legacy fx Trading Account

 

 

Deposits / Withdrawals of Legacy FX

Depositing funds into a Legacy FX account is an easy and secure process. you are able to do there is through a large amount of payment methods.

like with most brokers the most secure and best payment methods are the ones offered. so this includes wire transfer and the main credit cards and debit cards , as well some other e-wallet solutions l Skrill, CashU, Web-Money, and bank transfers. Withdrawals can be made through exactly the same methods.

 

Education provides by Legacy fx

Legacy FX's educational offering is as yet not very clear to me , you will be able to see the full academy once you have signed up , it looks like one academy of one of the forex education material providers, which is most cases is actually better in my opinion as this is their core of their business. 

Bonuses and Promotions

this is not a broker that will be showering you with promotions and free money , simple the regulation will not allow it .

Customer Support

Customer support is based in Cyprus, but there are dedicated lines with English support from Britain and Arabic support from Bahrain. Clients can contact a Legacy FX representative by telephone during business hours and can use email anytime of the day.

this provides a good list of mails in case you need to reach a specific department

AddressQ Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus

Cyprus Phone Number+357 25030673
 24/7, Monday - Friday

 

Open demo account with LegacyFX MT4 brokerOpen real Legacy fx Trading Account

 

 

My advice , take them for a spin , they answer to all the check boxes the correct way and are eager to prove me right wyhen i see that this isa broker to watch for in a positive way.


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. As a result, CFDs may not be suitable for all investors because you may lose all of your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience. Seek independent advice, if necessary. 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​