LegacyFX

Introduction to LegacyFX

LegacyFX is an online trading platform that offers its clients the opportunity to trade in a variety of different financial markets. These include forex, commodities, indices, and stocks. The company was established in 2012 and has been growing steadily since then, with a particular focus on providing high-quality customer service and a user-friendly trading platform.

Trading Platforms

LegacyFX offers two main trading platforms: MetaTrader 5 and a proprietary platform called Ainvestments.

MetaTrader 5

MetaTrader 5 is a popular trading platform used by many brokers worldwide. It offers a wide range of tools and features that can help traders make informed decisions, including advanced charting tools, a variety of technical indicators, and the ability to automate trading strategies.

Ainvestments

Ainvestments is LegacyFX’s proprietary trading platform. It is web-based, meaning that it can be accessed from any device with an internet connection. The platform is user-friendly and easy to navigate, making it suitable for both beginners and experienced traders. It also offers a range of tools and features, including real-time quotes, advanced charting tools, and a variety of technical indicators.

Account Types

LegacyFX offers three different account types: Silver, Gold, and Platinum. Each account type offers different benefits and features, with the Platinum account offering the most comprehensive package. However, the minimum deposit required to open a Platinum account is considerably higher than for the Silver and Gold accounts, making it less accessible for beginner traders.

Customer Service

One area where LegacyFX shines is its customer service. The company offers 24/5 customer support, with a team of professionals available to assist clients with any issues or queries they may have. This level of support is particularly beneficial for beginner traders who may require additional assistance.

Education and Resources

LegacyFX also offers a range of educational resources, including webinars, eBooks, and tutorials. These resources can be incredibly useful for beginner traders looking to learn more about trading and the financial markets.

Regulation and Safety

LegacyFX is regulated by the Vanuatu Financial Services Commission (VFSC). While this regulatory body is not as well-known or respected as others, such as the UK’s Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC), it does provide some level of oversight and protection for traders.

Conclusion

Overall, LegacyFX is a decent trading platform that offers a range of tools and features. Its customer service is particularly noteworthy, and its educational resources can be very beneficial for beginner traders. However, its regulation by the VFSC may be a concern for some traders, and the high minimum deposit required for the Platinum account may be prohibitive for beginners. As with any trading platform, it is recommended that traders do their research and consider their individual needs before choosing a broker.