This LegacyFX review covers the multi-asset broker known for its strong education focus, zero-commission model, and multi-jurisdictional regulation. LegacyFX is a no-dealing-desk broker offering MetaTrader 5 access across a variety of global assets, with differentiated offerings based on region and account type.

Regulation and Safety

LegacyFX is operated by several entities:

• Aurelia Ltd – Regulated by the FSC (Mauritius), License No. C118023870
• AN All New Investments Ltd – Authorised by CySEC, License No. 344/17
• Additional offshore entities operate under less stringent frameworks

EU clients under CySEC benefit from ICF protection up to €20,000, while international clients face less regulatory cover.

Execution Model and Trading Platforms

LegacyFX uses a No Dealing Desk (NDD) execution model, connecting traders to market liquidity via STP. Supported platforms include:

• MetaTrader 5 – available for desktop, web, iOS, and Android

No MT4, FIX API, or proprietary platform is available. VPS is not advertised, though may be provided for high-volume clients.

Markets and Instruments

LegacyFX provides over 200 instruments across asset classes:

• Forex: Major, minor, and exotic pairs
• Indices: US30, GER40, UK100, and others
• Commodities: Gold, silver, oil, natural gas
• Stocks: Global equities including US and EU shares
• ETFs: Available through MT5
• Cryptocurrencies: BTC, ETH, LTC, XRP (varies by jurisdiction)

Accounts, Spreads and Leverage

LegacyFX offers multiple account tiers:

• Bronze: From $500, spreads from 1.6 pips, zero commission
• Silver: From $5,000, tighter spreads
• Gold: From $10,000, better spreads, premium tools
• Platinum/VIP: Custom conditions, dedicated support

Leverage is capped at 1:30 for EU clients and up to 1:200 offshore. Stop-out levels vary between 50–100% based on account.

Funding and Base Currencies

LegacyFX supports a range of deposit and withdrawal methods:

• Bank wire
• Visa/Mastercard
• Skrill, Neteller
• Crypto (Bitcoin, USDT) for offshore clients

Supported base currencies include USD, EUR, and GBP. Deposits are generally processed within 1 business day; withdrawals within 3–5 business days.

Client Protections and Features

• Negative balance protection (EU clients only)
• Fund segregation under CySEC and FSC requirements
• Investor Compensation Fund (up to €20,000 under CySEC)
• 2FA login available
• Transparent pricing model with zero commissions on most accounts

Institutional and Retail Offering

LegacyFX is focused on retail traders but offers some semi-institutional tools:

• White-label partnerships and IB programs
• No FIX API or Prime Brokerage access
• Dedicated account managers for VIP clients

Pros and Cons

Pros

• Regulated in both EU and offshore jurisdictions
• Commission-free trading model
• MetaTrader 5 support with full asset class coverage
• Strong emphasis on trader education and tools
• Crypto funding accepted offshore

Cons

• No MetaTrader 4 or FIX API support
• High minimum deposits for advanced accounts
• Limited transparency on order execution speed
• Crypto and high leverage restricted under CySEC
• VPS not advertised

Frequently Asked Questions

Is LegacyFX regulated?

Yes, LegacyFX is regulated by CySEC for EU clients and the FSC of Mauritius for global traders. Offshore entities may not provide the same level of protection.

What platform does LegacyFX offer?

LegacyFX supports MetaTrader 5 only, with access to mobile, desktop, and browser versions.

What is the minimum deposit at LegacyFX?

The minimum deposit starts from $500 for Bronze accounts and increases with higher tiers.

Does LegacyFX charge commissions?

No, most accounts at LegacyFX are commission-free. Costs are built into the spread.

Can I trade cryptocurrencies at LegacyFX?

Yes, crypto CFDs are available through the offshore entity, but may be restricted under CySEC regulations.