LegacyFX claims to be a trusted broker, providing a wide range of products and services for traders worldwide since 2017. Their trading conditions are among the tightest spreads in the market, starting from only 0.5 pips. The broker offers more than 200 trading instruments. LegacyFX provides its clients with the MetaTrader 5. 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.

About Legacyfx
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is Legacyfx safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerIC Markets - licensed by ASIC in Australia

Is LegacyFx a scam or legit broker?

No, it is not safe to trade with LegacyFX, as it is an offshore company. LegacyFx is a worldwide brand and has a trade mark registry under AN ALL NEW INVESTMENTS (VA) Limited, regulated by the (VFSC) Vanuatu Financial Services Commission under license number 14579.

Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, to pay a fee, and within 2-3 month, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as JustProForex, SmartFX and more.

As to the broker’s VFSC license, from our source, it costs €24,000 per year to become a member. However, there is no handbook or guidelines for brokers to run their business. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from Vanuatu.

We advise all investors and traders to avoid LegacyFx and other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

You can also share your trading experience with LegacyFx by commenting on this review. 

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7 responses to “LegacyFX”

  1. who told you that legacyfx is not regulated? you guys are making mistake . please contact me so we can fix that issue as soon as possible .

    thanks

    • Good evening. I have a friend who is with this Brocker and since yesterday he made a withdrawal request so far no sign from the Brocker he wrote to support still nothing to do?

  2. Legacy fx is a scam.stay away from them I beg.They will take all your money and they will not answer your text msgs.PEOPLE BEWARE OF THESE THEIVES..

  3. Legacy fx is unregulated.You cannot trust them.They took everything from me.They will call you everyday before the deposit but there after you are done.Their business model is not what they make it out to be.They took money from my account without my permission and that’s rogue.DONT TRUST THEM I TELL YOU.They took all my life savings and the bloody cowards won’t even pick up the phone because the number doesn’t work.SO STAY AWAY FROM THEM PLEASE RE…….

  4. I have been having a bad feeling about them. They are persistent in calling but my heart couldn’t just settle with them.
    Now that I landed on this page I sure cannot risk my hard earned money with an unregulated broker.
    Better keep off!!

  5. HI , I TOTALLY AGREE WITH EVERY COMMENT ABOUT LEGACY FX . THEY ARE A SCAM , THEY WILL SWEET TALK YOU INTO JOINING THEIR TEAM THEN ONCE YOU MAKE A DEPOSIT , THEY WILL NOT GIVE YOU ATTENTION AS BEFORE . THEY DONT ANSWER YOUR QUESTIONS , THEY EVEN BLOCK OR REPORR YOU ON TELEGRAM . JOANA PAVLOV WAS ONE OF THE PEOPLE YOU SHOULD STAY AWAY FROM .

    THEY WILL EVEN CALL YOU TO CHECK WHEN WILL YOU BE MAKING A CASH DEPOSIT , STAY AWAY FROM THEM . NOT THE BEST . I AM FROM SOUTH AFRICA , SCAMMED BY THESE CLOWNS FROM OFFSHORE .

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