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LegacyFX Broker Review

Editor Editor:  Chris Cammack Updated: May 8, 2023
Author Author:  Jeffrey Cammack

Last Updated On May 8, 2023

Jeffrey Cammack
Broker Score
3.53 3.53 / 5
🏦  Min. DepositUSD 500
🛡️  Regulated By
💵  Trading Cost 
USD 16
⚖️  Max. Leverage200:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert68%

Last Updated On May 8, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on LegacyFX

🏦  Min. DepositUSD 500
🛡️  Regulated By
💵  Trading Cost 
USD 16
⚖️  Max. Leverage200:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
111104/ 5
Trading Conditions
110.5002.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110.5002.5/ 5
Assets Available
111104/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
USD, EUR, GBP
Number of FX Pairs
49
Crypto Pairs
10
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
1.60 pips
GBP/USD
1.50 pips
USD/JPY
1.60 pips
Negative Balance Protection

Company Details

Company Name
A.N. Allnew investments Ltd
Founded
2012
Website Language
English
Support Language
English
Office Locations
Vanuatu

Pros

  • Wide range of assets
  • Innovative trading tools
  • Excellent education

Cons

  • No swap-free account option
  • High minimum deposit

Editorial Team

 

Chris Cammack
Head of Content

Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.

 

Alison Heyerdahl
Senior Financial Writer

Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts.  She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.

 

Ida Hermansen
Financial Writer

Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.

Visit Broker
Broker Score
3.53 3.53  / 5
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LegacyFX Financial Regulation

Regulator License
Regulator License

LegacyFX Trading Cost Comparison

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