LegacyFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for LegacyFX traders of all experience levels. Let’s explore each of these trading platforms in detail and what options LegacyFX gives you.
Learn Forex Trading
Those with the cheapest accounts cannot expect to trade under industry-best conditions. With a SILVER account, traders get access to not only currencies and commodities but to stock trading as well. However, it should be noted that the minimum initial deposit required to open this account is 3,000 USD. In our review of Legacy FX, we will be discussing the broker’s trading fees, trading software, customer service, tools for research, educational material, and more.
🆓 What is the LegacyFX minimum deposit?
No, only the MT5 platform is available to trade with LegacyFX. For traders with limited knowledge of trading, we would recommend looking for an alternative broker. LegacyFX offers cross-platform trading with the convenient MT5 mobile app. Traders legacy fx review can manage open positions, access interactive charting tools, and view full trading history on-the-go. You can also stay informed of the latest market news with the economic calendar and take advantage of optimized strategies for expert advisors.
- With his guidance, manage to start off with USD 500 and now I have 300% ROI.
- The webinar was very helpful.Just one part I think should have been treated differently.
- This broker uses the widely respected, award-winning MT5 trading platform, which is considered to be the world’s leading platform for retail forex traders.
- Using Autochartist can save LegacyFX users time and makes the trading process more efficient.
- They do not provide live chat support, and their phone and email support can also be slow.
LegacyFX Metatrader Mobile Application Features
LegacyFX offers several account types designed – Standard, Silver, Gold, Platinum, Bronze, Gold, and Premium. All accounts feature the same competitive trading conditions and available services, while higher-grade accounts will add extra benefits. The Autochartist plugin is available for MT5, and LegacyFX presents a comprehensive research service, which I rate highly. While beginner traders have access to a quantity of educational content, the quality lacks notable. I believe LegacyFX is best for equity traders with deposits exceeding $5,000, which is the minimum required to unlock all beneficial services at LegacyFX.
I funded the account just that I…
On top of that, LegacyFX provides advanced trading tools and analysis and offers daily, weekly, and monthly market research. I find the seven account types at LegacyFX unnecessarily complex. Equity trading, which I find the best offer at LegacyFX, requires a minimum deposit of $3,000, while access to the direct dealing desk is available from $5,000. It makes LegacyFX ideal for equity traders with more substantial portfolios.
LegacyFX Alternative Brokers
Commission fees can vary depending on the type of financial asset being traded and the LegacyFX trading account level held by the trader. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
Account Types
LegacyFX offers various funding payment methods listed in your LegacyFX dashboard if available in your region. To learn more about the LegacyFX funding and withdrawal options available in your area, you can explore the LegacyFX website. It’s essential to remember that the payment methods provided by LegacyFX vary based on the LegacyFX entity and the LegacyFX client’s country of residence. To view the LegacyFX payment options available, you can log into your LegacyFX member’s area. After logging into your LegacyFX account, you’ll find a range of trading platform options available below.
Select one or more of these brokers to compare against LegacyFX. However, LegacyFX’s range of written materials is limited to roughly a dozen ebooks – all of which I found to be overly basic. https://forexbroker-listing.com/ By and large, LegacyFX simply falls behind the best brokers in this category. With no proprietary mobile app available, LegacyFX trails behind industry leaders such as IG and Saxo.
As a regulated broker, it must comply with strict financial conditions such as regular audits and monitoring. This platform comes with more than 80 graphical tools and indicators that any trader would find helpful. It also comes with a built-in economic calendar that gives traders updates on data and other important economic events. In this review, you will find information about the products and services they offer. We will also be talking about the pros and cons of this particular broker to help you deduce whether this broker is right for you. Between 74-89% of retail investor accounts lose money when trading CFDs.
We aim to provide you with all the information in this LegacyFX review you need to determine if LegacyFX is the right fit for you. But we don’t stop there – we also offer valuable insights into other great alternatives to LegacyFX, so you can make a more informed decision and compare other brokers against LegacyFX. We understand that informed decisions with LegacyFX are the key to successful trading, so we’ve provided this detailed LegacyFX review. So, take a seat, grab a cup of coffee, and dive in to learn about LegacyFX and how it can benefit you or if LegacyFX is not for you. As a MetaTrader-only broker, LegacyFX offers a decent variety of instruments with 425 symbols and 41 forex pairs – all available on MT5.
Eventually, all account management happens through an online field while LegacyFX makes it possible to process the transaction via major credit/debit cards, Skrill, Neteller, and Bank Wire transfers. Payment methods vary depending on the entity you are trading with. When it comes to online trading, security is paramount to understanding that your capital is secured and protected by the law and regulations. On the other hand, there is no 24/7 support and conditions may vary according to entity rules and conditions vary according to brokers’ regulations.