What is LegitFX-CryptoTrade?
LegitFX-CryptoTrade is a forex and CFD broker based in United States of America, listed with a foundation year of 2020. It offers leverage up to 1:25, spreads from 1.0 pips and a minimum deposit of $10. Clients trade on MetaTrader4 and on mobile.
LegitFX-CryptoTrade is an online trading and investment company that offers its clients or investors get access to high-growth investment opportunities in Bitcoin markets and other services. This broker mainly works on Cryptocurrencies, especially bitcoin. This broker is based on the MetaTrader4 platform.
This broker has three major investment plans named Starter, Gold, and SIlver. The starter one requires a minimum of $500 deposit. The Gold one requires $50,000 and the Silver one requires $100,000 of funding.
Clients can trade with a true STP broker with just a $50 deposit. They can trade 55 currencies and 31 cryptos. There are 104 stocks available for trading. The leverage is 1:500.
Clients can trade for cryptocurrencies with just a $10 minimum deposit. The Execution speed is lightning fast and it has low commissions. Expert advisors are also allowed. This comes with a tight spread and the maximum leverage is 1:100.
LegitFX-CryptoTrade has an excellent risk management system. They provide segregated client funds. Clients can choose to hold deposited funds in their own name or have LegitFX-CryptoTrade’s Way hold their funds on their behalf in an independent bank account. This broker also has a tier one banking service. LegitFX-CryptoTrade’s Way works closely with its payment service providers to ensure fast and flawless deposits and withdrawals.
Is LegitFX-CryptoTrade safe and regulated?
LegitFX-CryptoTrade is regulated by LegitFX-CryptoTrade has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no 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.
LegitFX-CryptoTrade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $10 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
LegitFX-CryptoTrade provides MetaTrader4, 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 1.0 pips on major currency pairs.
- Leverage up to 1:25 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
LegitFX-CryptoTrade supports 3 funding methods, including Skrill, Bitcoin, Ethereum. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
LegitFX-CryptoTrade bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current LegitFX-CryptoTrade promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the LegitFX-CryptoTrade 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.
LegitFX-CryptoTrade pros and cons
Pros
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- Low minimum deposit of $10
Cons
- Only offshore regulation
- No investor compensation scheme
How to open a LegitFX-CryptoTrade account
- RegisterVisit the LegitFX-CryptoTrade 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 $10 with Skrill, Bitcoin, Ethereum.
- Start tradingLog in to MetaTrader4 or the mobile app and set your risk per trade.
Is LegitFX-CryptoTrade a good broker? Our verdict
LegitFX-CryptoTrade suits active traders who want freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.