LegacyFX Metatrader 5 Broker | LegacyFX Review of Best MT5 Broker
Table of Contents
LegacyFX Metatrader 5 Broker | LegacyFX review | Best MT5 Broker
Basic LegacyFX Review Information
- Regulated By: CySEC
- Foundation Year:2017
- Headquarters:47 Ioanni Kondylaki Street, Q Tower, CY 6042, Larnaca, Cyprus
- Min Deposit:$500
- Max Leverage:1:30
- Deposit Options: Credit Card, Cryptocurrencies, Neteller, Skrill, Wire Transfer
- Withdrawal Options: Credit Card, Neteller, Skrill, Wire Transfer
- Tradable Assets: Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures
- Trading Platforms: Metatrader 5
- Commission on Trades: Yes
- Fixed spreads: Yes
- Trading Desk Type: Dealing Desk, Market Maker
- OS Compatibility: Desktop platform (Windows), Desktop platform (Mac), Web platform
- Mobile trading: Android, iOS
Main MT5 Features
Multiple Order Execution Types
- Trailing Stops, Stop limit, and Market orders
Chart-Based Trading and Position-Keeping.
- Modify and optimize positions on-chart
Expert Advisors and Custom Indicators
- Download or write your own advisors & indicators
Instant Response to Trading Alerts & Signals
- Download MetaTrader-5 for free and launch your forex career.
- MT5 shows currency depth of the market;
- Aggregation of open positions;
- 2 new pending order types: Buy Stop Limit and Sell Stop Limit;
- 30+ inbuilt indicators;
- 35+ graphical objects;
- 20+ timeframes;
- Numerous ways to display custom indicators.
Accounts
Legacy FX has several different account options for their traders and the higher the account the better the trading conditions are
please see here the overview of the accounts
ISLAMIC ACCOUNT:
The LegacyFX Islamic account adheres to the principles of Islamic law regarding banking activity and Riba (interest).
It is an interest-free or swaps free account type, for those who, for religious reasons cannot trade on interest/swap incurring accounts. However, account holders will still enjoy all of the benefits of all the Account Types offered by LegacyFX, their same spreads and the same trading conditions.
Kindly open the Account Type you wish according to your deposit and contact your Account Manager to activate to [email protected]
Education
LegacyFX cares about your trading education because without proper education you cannot succeed, so when you open a real account with legacy FX you will get access to a lot of webinars and videos that will teach you all you need about the market.
Training course
If you are a new trader in the forex market, so you need a training course, in order to get familiar with the trading environment, so legacy FX gives you 1 on 1 course with your personal account manager who will teach you how to be successful in the market, step by step.
Ebook
You will also get an ebook, this ebook includes everything you need to know about forex trading.
A lot of beginners are wasting time reading wrong information about trading on the internet, so LegacyFX prepared this book to serve the traders and give them the right information that they really need in order to understand forex in the right way.
Professional account manager
LegacyFX will provide you with a professional account manager who will help you and give you advice how to manage your financial portfolio, you can contact your account manager at any time of the day via phone, email, and chat.
Why should you choose LegacyFX as your preferred forex broker?
LegacyFX has a few advantages compared to other brokers.
for one they really go on the transparency part making sure that the traders have all the information they need and full management of their account, this is required by their regulation but they have taken it a step further and made it part of their vision and philosophy.
they do not provide any promotions and trading signals since this is against the regulation but they do provide with news and trading opportunities. they at all times look to better themselves and aim to be innovating in their brand evolution.
this also explains as to why they go for the Metatrader 5 trading platform instead of the MetaTrader 4.