Top 3 Usa Brokers
LegacyFX operates out of offices in Belarus, Bulgaria, and Cyprus, with an R&D office in Ukraine. The broker offers four different types of trading accounts called Silver, Gold, Platinum and VIP. Users also have the choice between Variable Spread and Fixed Spread accounts, although the best spreads are on the higher minimum deposit accounts.
Traders also have the option of using the LegacyFX Mobile, which is another solution for traders on the go. Apart from giving enough compatibility to a trader, there is full access to portfolios and trading pairs to pick from.
The minimum spread of as low as 0.6 pips is available to Platinum account traders only. To get the spread, traders should invest a minimum of $25,000 deposit. LegacyFX offers MT5 platforms for trading that allows traders to engage in AI trading. This platform is user-friendly and rich with trading tools & features. We have carried out an extensive review of this company and found it legit and recommendable.
However, there is a very thin line between MT4 and MT5 and all the features remain the same. Moreover, there are no details about the deposit and withdrawal fees. With credit LegacyFX cards of Visa, MasterCard, Maestro, and Visa Electron, traders can deposit from $500 to $10,000, and traders can withdraw a minimum of $200 to a maximum of $10,000.
With credit cards for Visa, MasterCard, Maestro, and Visa Electron, traders can deposit from $500 to $10,000, and traders can withdraw a minimum of $200 to a maximum of $10,000. They offer swap-free accounts to all traders, which means the swap rates are not passed to traders. A charge is taken if any trade https://broker-review.org/ is held overnight and if they are not applied to trader’s accounts. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position and the leverage applied to your trading account.
Very Good Regulated Broker
Founded in 2014, LegacyFX is an online forex and CFD broker that currently owned and managed by a Cyprus Investment Firm called A.N. Operated in accordance to the strict regulatory guidelines imposed by CySEC, LegacyFX offers its clients the assurance that their money will be safe with the broker and it will be handled professionally.
The Platinum account offers the most trader-friendly environment, but the minimum deposit of $25,000 remains out of reach for most retail traders. Finally, this broker is authorized in Belarus under the regulation of the National Bank of the Republic of Belarus . This review will focus on the VFSC entity, as the majority of traders will manage their accounts under its regulatory framework.
- More specifically, this allows users to view their account in real-time, whilst viewing it next to the trading platform side by side.
- Their trading conditions are among the tightest spreads in the market, starting from only 0.5 pips.
- LegacyFX claims to be a trusted broker, providing a wide range of products and services for traders worldwide since 2017.
- Legacy FX gives the keys to access the forex market 24 hours a day, 5 days a week, allowing users to trade the most popular major, minor and exotic currency pairs.
Mobile and Desktop versions are both available so that you can trade both at home or on the go. To maximize your money security you should read the user agreement and other legal documents that the broker posted on its site before opening a deposit.
All of them provide micro tradable lots and a choice of variable orfixed spreads. Besides, the broker offers swap-free accounts for investors of Islamic belief. With a minimum required deposit of $25,000, this one is only for professional-level traders.
It does not seem to support cryptocurrency-based CFDs yet though – however that cannot really be viewed as a serious shortcoming. In it, traders LegacyFX will find a Video of the Day section, an Economic Calendar, as well as an Introductory section, which can indeed be very useful for beginners.
As powerful as the desktop version of the SIRIX station, the SIRIX mobile platform enable traders to trade the markets from the palm of the hands on their smartphones. It is available as a trading app on Google Play Store and Apple’s APP store. It appears that all clients, regardless of the account type you opt for, you may choose between fixed and variable spreads. The Fixed and Floating spreads are set out on the website, for all 3 account types. Even at just a quick glance, we can deduce that the variable spreads do stand out competitively amongst other broker spreads.
Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. LegacyFX uses the MetaTrader5 , the latest platform issued by the Russian fin-tech company MetaQuotes.
MT4 is obviously the most advanced trading platform featured by the broker. Through this platform, traders can make use of EAs and they can even create/add their own, coupling them with custom scripts for better results. In fact, high-volume traders who fulfill the broker’s requirements, are offered special treatment, trading LegacyFX conditions- as well as deposits/withdrawals-wise. Obviously though, in addition to transparency and proper regulation, a trader needs a few more draws to seriously consider moving his/her business to the brokerage. One such draw is served up by the outstanding trading conditions featured by the higher-tier accounts.
Overall our online Legacyfx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Legacyfx or you find inaccurate details Legacyfx broker review please get in touch with us and the changes will be applied. 72% of retail investor accounts lose money when trading CFDs with this provider.
Forex broker LegacyFX is owned by AN ALL NEW INVESTMENTS LTD. It is registered in Vanuatu at Govant Building, Kumul Highway, P.O.Box 1276 Port Vila. Once logged into the new account, emails with the account number and password will be received and can be used to log into the WebTrader platform. Trading can commence as soon as money is deposited into the trading account. Along with currency exchange markets, commodity markets offer many investment opportunities for traders.
Review By Datwanna
73.57% of retail investor accounts lose money when trading CFDs with this provider. 78.6% of retail investor accounts lose money when trading CFDs with this provider.