What is LegacyFX?
LegacyFX is a forex and CFD broker based in Cyprus, listed with a foundation year of 2012. It offers leverage up to 1:200, spreads from 0.3 pips and a minimum deposit of $250. Clients trade on MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader and on mobile.
LegacyFX
Is LegacyFX safe and regulated?
LegacyFX is regulated by VFSC, CySEC, NBRB, BaFin, FCA, FSP. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
LegacyFX account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
LegacyFX provides MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.3 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:200 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
LegacyFX supports 8 funding methods, including Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer and More Funding: Wire Transfer, Credit/Debit Cards and more. Accounts can be held in 3 base currencies (USD, GBP, EUR), which helps you avoid conversion fees.
LegacyFX bonus: <p>100% Free Trading Signals</p>
How the promotion works
The current LegacyFX promotion is <p>100% Free Trading Signals</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the LegacyFX website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
LegacyFX pros and cons
Pros
- Raw spreads from 0.3 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- 8 deposit methods including crypto
- Regulated by a tier-1 authority
Cons
- $250 minimum deposit is higher than some rivals
How to open a LegacyFX account
- RegisterVisit the LegacyFX website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $250 with Credit Card, Cryptocurrencies, Neteller or another method.
- Start tradingLog in to MetaTrader4, MetaTrader5, cTrader, MT4 WebTerminal, MT4 Android, MT4 iPhone Trader, MT4 iPad Trader, MT4 MultiTerminal, WebTrader or the mobile app and set your risk per trade.
Is LegacyFX a good broker? Our verdict
LegacyFX suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.