EDITORIAL VERDICT
The IC verdict
LegacyFX offers an unusually broad regulatory footprint and segregated client funds, but its younger track record and MT5-only platform mean it appeals more to CFD traders prioritising oversight than to those wanting platform flexibility.
RATING · 6 factors
The composite breakdown
VERDICT · pros & cons
What's good, what isn't
Pros
- Multi-jurisdiction regulation including CySEC, FCA, BaFin and FSCA
- 200+ trading instruments with spreads starting at 0.1%
- No trading commissions -- only spreads
- MetaTrader 5 platform plus PAMM accounts
- Segregation of client funds
- 24/7 dealing department with personal account managers
Cons
- Only MT5 supported -- no MT4 or proprietary platform
- Founded in 2017 -- younger than many competitors
- Spread ranges (0.6%-1.6%) on some assets are wider than tighter brokers
REGULATION · licenses
Where LegacyFX is regulated
Cyprus Securities and Exchange Commission
Cyprus
Active
Vanuatu Financial Services Commission
Vanuatu
Active
Federal Financial Supervisory Authority
Germany
Active
Financial Conduct Authority
United Kingdom
Active
Financial Sector Conduct Authority
South Africa
Active
ASSETS · supported
What you can trade
LTCETHXRP
FAQ
Common questions
Is LegacyFX regulated?
Yes. LegacyFX is regulated by multiple bodies including CySEC, the Vanuatu Financial Services Commission, Germany's BaFin, the UK FCA, the National Bank of the Republic of Belarus and South Africa's FSCA.
What cryptocurrencies does LegacyFX support?
LegacyFX supports trading in major cryptocurrencies including Litecoin, Ethereum and XRP.
Does LegacyFX charge commissions?
No. LegacyFX does not charge trading fees or commissions -- fees are taken via spreads, starting around 0.1% for most assets.
What payment methods does LegacyFX accept?
LegacyFX accepts credit cards, wire transfers, and alternative methods including Skrill, Neteller and Bitcoin.