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You get 24-hours customer support via phone, chat and email. There is also a variety of convenient deposit and withdrawal methods to choose from, including popular e-Wallets for quick and easy account funding. At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps.

Best Forex Signal Provider

LegacyFX Mobile Platform is available on both Android and IOS and allows traders to place eight types of pending orders to get more precise control over open positions. MetaTrader5 supports the trading of cryptocurrencies with a set of new and unique crypto features. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.

What is the minimum deposit for LegacyFX?

LegacyFX has a below-average fee structure with a $500 minimum deposit required and no inactivity fees. No fees, Daily Signals, Live support, Trading Academy, Swap-free account, Private channel, Tips and updates, Commodities, Auto-charting tool, 3 protected trades. FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade. Most of the time, forex investors buy into a currency pair like Japanese Yen and Pound Sterling. The foreign exchange market has you compare the movement of these two assets, and your speculation will determine if the prices are converging or diverging.

Trade with a Regulated Broker

An FAQ section answers some questions, and I recommend live chat or phone support as the most convenient contact method if traders require assistance. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.

I funded the account just that I…

1. I think it is better to trade manually as this can be a good way to learn from your mistakes and improve as a trader in the long term.
2. If that is the case, eToro is one of the best social trading platforms out there.
3. If you want to grow your account follow the Legacy Fx channel you will be successful.

The Autochartist plugin integrates seamlessly with your MT5 platform, giving you access to continual market analysis within a single chart, and the ability to execute trade directly in your MT5 platform. It is easy to install the MT5 plugin and get a simple interface with all of the Autochartist features which your can customise according to your preferred trading environment. MT5 is available on personal computers, MAC and smartphones (iOS & Android).

Stock Trading

All of the account types include the trading academy, live support, daily signals, tips and updates, a private channel and access to commodity trading and a swap-free account. LegacyFX provides its clients segregated accounts with negative balance protection, as well as free trading tools like indicators and trading signals. The broker also offers copy trading and algorithmic trading services. LegacyFX does not accept clients from the United States or Canada.

Bank transfers may take a few business days to clear whilst some payments can be instant. The broker has a selection of trading calculators to assist you with money management and planning of trades. There is a Pivot Calculator, Fibonacci Calculator and Deal Size Calculator. You may find these handy if you are planning your trades in a rush or you are just not very good at maths.

LegacyFX does make an educational section available under the “Learn” tab. Here traders will find introductions to Forex and Futures, eBooks, and a glossary. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

New and experienced traders also benefit from a selection of free trading tools and educational resources. LegacyFX offers services from third-party provider Autochartist, features data and analytics from TradingView, and complements it with a live trading signals page. All of these services are excellent additions that are offered by some other brokers, but are largely missing in the offerings of newer or less-developed brokers. It represents a well-balanced collection of trading ideas, but traders should test their accuracy before blindly copying the recommendations. Overall, I can confidently rank the available research at LegacyFX as quality service. They welcome clients from all back grounds and have a very helpful support team on hand 24 hours a day to assist with any questions that you may have.

LegacyFX’s mobile trading apps are below average, offering basic functionality but lacking the robust features seen in higher-rated brokers. I find the third-party deposits available at LegacyFX confusing, as it violates globally accepted AML stipulations. LegacyFX attempts to counter it with a Transaction Authorization / Declaration of Deposit (DOD) Form, which all traders must sign. No deposit and withdrawal fees exist, but LegacyFX reserves the right to add them. Traders may also face third-party processor costs, which can be applied at any brokers that use third-party payment options.

The signals are very good and they maintain a constant 80% win rate for the signals they post. I must acknowledge the team of LegacyFX possess some of the sharpest minds in the market who provide excellent opportunities on regular basis with a more than 90% success rate. Especially Josh Pharell and Jack Garwin are one step ahead. I like the work ethics, very consistence and displays professional. I rarely write reviews but the good job which these guys are offering, especially Josh Pharell and Martin B deserved to be acclaimed.

Autochartist is a financial market analytics company that leverages big data and proprietary technology to help stock futures and currency traders make more informed trading in the investment decision. Based on our expert opinion, Legacy is a reliable broker with good regulation. The broker offers good trading conditions with a wide range of instruments. LegacyFX customers will find that user experience is a high priority at this brokerage. Both the website and the various versions of the MT5 platform are highly user-friendly and easy to navigate.

Here, you’ll find the firm’s Risk Disclosure Statement, Terms and Conditions, and Complaints Policy. When it comes to mobile trading, there are robust mobile apps available, also using the MT5 platform, for both iOS and Android devices. The mobile apps allow traders to access most of the same features and functions as the desktop version of the platform, including graphs, charting tools, trading alerts and time frames. They also allow for real-time quotes and all order types, including pending orders, and provide a detailed online trading history, along with a free financial news feed.

LegacyFX does not charge any closure fees for withdrawals but they do pass any additional costs onto the client. The LegacyFX site lays out all the pertinent information about the broker’s services clearly and concisely. The FAQs are well thought out and informative, and there are libraries of documentation relating to client protection protocols and regulatory cover. Another strength of the MT5 platform is its chart-based trading along with its position keeping. Traders can instantly react to trading signals and alerts thanks to its remarkable platform. The broker seems to be very transparent in its dealings, and it circulates regular market discipline and its annual reports for traders to see.

LegacyFX has a somewhat high minimum deposit compared to other forex brokers at $500. Nevertheless, Legacy offers some of the lowest dealer spreads in the business, starting at 0.5 pips. LegacyFX guarantees the best exchange rate available for all trades executed for its clients with no re-quotes. In addition to forex trading, LegacyFX gives you access to trade contracts legacy fx review for difference (CFDs) on spot gold, oil, cryptocurrencies, indices and stocks. LegacyFX has extensive resources for beginning traders and offers a variety of account types to fit the needs of traders at all levels of experience. LegacyFX is an intriguing broker as it only offers the MT5 trading platform with a promise of no swap rates on leveraged overnight positions.

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

LegacyFX has a wide range of tutorials and courses covering all levels, from beginners to experienced traders. There are live webinars examining main events in the market and analysing different approaches. They also offer periodical market research and analysis by financial experts on forex currencies, commodities, stocks and more. https://forexbroker-listing.com/ I think there is a decent amount of content to teach and train traders from all over the world to trade forex, stocks and commodities, using the newest technology and platforms. It you are a beginner and looking for more, IronFX also have a great selection of educational content to help bring you up to speed with the markets.

Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. LegacyFX accepts payment from e-wallets, including Skrill, Neteller and Perfect Money. These payments are usually instant, though some providers, such as Skrill, can take up to half an hour to clear. Some e-wallets may have restrictions on the currencies that can be used. There is not usually a minimum withdrawal amount, but check with your individual provider.