Legacy FX
Rating: 2.9 / 5LegacyFX is an intriguing broker as it only offers the MT5 trading platform with a promise of no swap rates on leveraged overnight positions. Retail traders with portfolios below $25,000 must accept higher spreads, but the absence of fees on overnight positions piqued my interest. I reviewed LegacyFX to conclude if the swap-free offer creates a competitive advantage. How does LegacyFX compare to the elite brokers in the Forex industry? Read this full LegacyFX review to find out.
LegacyFX is an intriguing broker as it only offers the MT5 trading platform with a promise of no swap rates on leveraged overnight positions. Retail traders with portfolios below $25,000 must accept higher spreads, but the absence of fees on overnight positions piqued my interest. I reviewed LegacyFX to conclude if the swap-free offer creates a competitive advantage. How does LegacyFX compare to the elite brokers in the Forex industry? Read this full LegacyFX review to find out.
Broker Details
- Headquarters
- Cyprus
- Established
- 2012
- Min Deposit
- $500
- Execution
- Market Maker
- Regulators
- VFSC
Trading Conditions
- Trading Hours
- CryptocurrenciesSaturday 00:00 - Friday 23:00ForexMonday 00:01 - Friday 23:00CommoditiesMonday 01:05 - Friday 23:00European CFDsMonday 10:02 - Friday 18:29US CFDsMonday 16:32 - Friday 22:59
Trading Costs & Spreads
- EUR/USD
- 1.6 pips
- GBP/USD
- 1.5 pips
- Gold
- $0.63
- Bitcoin
- $505
- WTI Crude
- $0.13
Platform & Features
- Trading Platforms
- MetaTrader 5
- Regulators Detailed
- Vanuatu Financial Services CommissionCountry: VanuatuLicense: VFSC License Number 14579
Pros
- Swap-free trading and high leverage
- Autochartist plugin for MT5 and in-house research
- Educational tools for beginner traders
Cons
- High minimum deposit
- Not all account types have access to core features
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