LegacyFX provides excellent support, but their services are not available around the clock. Their customer support team is only available from Monday to Friday. You can contact them by email, phone or social media, but you won’t get help on the weekends. They’re also active on YouTube, LinkedIn, and Instagram. They offer corporate and personal accounts, and you can choose the currency you want to trade with. In addition, when opening an account with LegacyFX, you’ll need to complete an electronic signature and captcha.
Leverage
When trading on the Forex market, it is important to understand how much leverage is available to you. Fortunately, LegacyFX has made this easy by offering both live and demo accounts that you can switch between within their platform. This way, you can test out their services and see if they meet your needs.
LegacyFX is an excellent choice for long-term traders. Its leverage is as high as one-to-two, a factor that helps you get the most out of your trades. In addition, it offers negative balance protection and no swap rates, making it the perfect trading environment for long-term traders. It’s also important to know that trading equity and index CFDs does not take place continuously, but rather opens and closes at specific times. For example, if you are a long-term trader, you may want to set a stop-loss order and only exit a trade if the price falls below a specific threshold. This will reduce the risk of losing money, and ensure that you will be able to close out a trade at a specific price.
If you’re looking to trade on the Forex market with high-risk margins, leverage is one of the most important factors to consider. While it increases your potential for profit, it can also increase your risks, so make sure that you use your tools wisely and learn the risks and rewards of using leverage. LegacyFX has several account grades, each with similar competitive trading conditions and available services. Higher-grade accounts will also give you extra benefits such as leverage.
Spreads
Trading with LegacyFX is an excellent way to experience a competitive environment and gain more trading experience. With demo accounts and a variety of available financial instruments, you can test your strategies before trading on live markets. There are also educational resources and charts available to help you make informed decisions.
LegacyFX is regulated by the Cyprus Securities and Exchange Commission and the UK’s Financial Conduct Authority. Its holding company is also licensed by the Federal Financial Supervisory Authority of Germany. It also submits monthly financial reports to an independent accounting firm. And the firm ensures that client funds are held in reputable banks.
LegacyFX also provides an easy withdrawal process and has a large instrument catalogue covering a variety of asset classes. It offers low commissions and a large number of educational resources. They also focus on customer service. The customer support team is available to answer any questions you may have.
LegacyFX has been featured in several industry sites and publications. They offer free trading signals and educational materials. They offer a single platform for both beginners and experienced traders. They also offer a PAMM account that allows you to earn passive income while you trade. They offer a wide range of assets and a high level of security.
LegacyFX also offers various types of demo accounts. A demo account allows you to learn about the trading environment and test your trading skills.
Account types
There are three different types of accounts that a trader can open with LegacyFX. All of these accounts can be used to trade foreign exchange in Forex, but there are some exceptions. LegacyFX accepts traders from most countries, but does not allow traders from Iran, Yemen, or Korea. You will need to verify your identity before you can open an account. You will be asked to enter a captcha and electronic signature before you can access your account.
The Silver account requires a minimum deposit of $250. This account comes with various features, such as dealing room direct line and analysis insights. It also comes with a maximum leverage of 1:200. It is a good choice for beginners because it has zero swap fees and a fixed spread. Traders should be aware that using leverage can increase risks. As such, learning to manage risk and leverage is crucial.
Accounts with the company can be divided into VIP accounts, Standard accounts, and Mini accounts. Traders can choose to pay for extra features or services that are beneficial to them. Some of these features may include free forex trading education, a daily market analysis report, and one-to-one support from a trading academy. Traders can also choose to sign up for a demo account. This allows them to evaluate LegacyFX’s performance before they invest money in a live trading system.
Besides offering a number of different account types, LegacyFX also offers an extensive range of trading platforms. These platforms make trading easy and convenient for traders. The platform is accessible in several languages, and traders can make a withdrawal easily. Other benefits of using LegacyFX include fast and easy deposit and withdrawal options, far-reaching customer support, and an interactive live chart.
Educational resources
LegacyFX is a regulated broker that offers a host of educational resources to traders. These resources can be used by both beginners and experienced traders to improve their trading skills. In addition, the broker boasts of low trading costs and matchless liquidity. It also offers competitive trading conditions, particularly on higher-tier accounts.
The LegacyFX website offers a number of tutorials and courses to help new traders. These courses cover everything from the basics to more advanced trading strategies. The website also provides live webinars and market research by industry experts. Moreover, there are educational materials on trading stocks and commodities.
In addition to offering free educational resources, LegacyFX also provides webinars every month for its clients. These webinars are presented by renowned forex traders and cover various trading strategies and technical analysis. Additionally, the company offers free trading tools, market analysis, and negative balance protection. It also offers user-friendly desktop and mobile platforms. It recently completed a redesign of its website’s UX/UI, which aims to improve the user experience.
Traders should always be armed with all the information and skills necessary to be successful in the forex market. LegacyFX’s website offers numerous educational resources, including MT5 trading platform, educational reading material, webinars, YouTube video series, and a glossary. For those with limited knowledge of the Forex market, the broker also offers multilingual customer support and a toll-free helpline.
Minimum deposit
If you want to open a LegacyFX forex trading account, you will need a minimum deposit of $500. This broker also offers a Tableware account that is exchange-free. The minimum deposit for this type of account is $500 and spreads start at 1.6 pips. You can also opt for mobile trading. This broker offers a good selection of assets and offers useful educational resources. You can also use the same platform for all your transactions.
LegacyFX is a multi-asset broker. It offers an MT5 download, free market signals, and forex and CFD trading. It was founded in Vanuatu in 2017 and is regulated by CySEC and the Vanuatu Financial Services Commission. It is owned by A.N. Allnew Investments Ltd, which is a member of several European regulatory bodies.
This broker offers three distinct types of accounts. Silver trading accounts start at $500, while Gold accounts start at $5,000. These accounts come with additional features, such as technical support and 1-on-1 support. If you’re new to the forex trading market, you can set up a demo account.
The website of LegacyFX states that their services are excellent for forex traders. The broker also boasts of its unmatched liquidity. Depending on which primary currency you’re trading, you can get spreads that are as low as 0.6 pips. Moreover, you won’t have to worry about your money as the company uses Tier 1 banks.
Regulated by CySEC
One of the best ways to protect your forex trading funds is to choose a broker that is regulated by CySEC. The CySEC website features a list of regulated brokers. The site also provides a warning about unregulated brokers. It is important to choose a broker that is regulated by CySEC because many unregulated brokers disguise themselves as regulated brokers. If you do find a broker that is not regulated, it is important to contact the broker and file a complaint.
One of the key requirements for a broker to be CySEC-regulated is that they have a representative office in Cyprus. Otherwise, their license will be denied. CySEC also conducts checks on these brokers each year to ensure they are compliant with the regulations. If they are not, they can face fines of up to 1000 euros. Some companies have even been shut down and have their licenses revoked.
While many forex broker scams establish their headquarters in Cyprus, CySEC has done its best to protect traders and make its website accessible to all traders. Traders should choose a CySEC-regulated broker for their forex trading needs. CySEC’s website lists all the information you need about a company. Furthermore, regulated brokers are more likely to have higher customer support, which is an important consideration.
CySEC has a high level of regulatory oversight of Forex companies. CySEC is one of the leading global regulators, and the demand for a CySEC license is increasing. CySEC licenses are required for all Forex companies that are registered in Cyprus. By virtue of the CySEC license, these brokers can market their services across the EU.
