Legacy FX

The project has been operating since 2017 and is positioned by the administration as an international broker providing financial intermediary services. However, information about the company’s head office and its exact place of legal registration is not disclosed on the official website. This raises questions regarding the transparency and reliability of the company, since potential clients and partners are not able to fully assess the legal status and location of the broker.

In relation to financial regulation, activities Legacy FX licensed and regulated by Vanuatu Auditor (VFSC). While holding an offshore commission license is an indication of a certain level of regulation, it is worth noting that Vanuatu is often seen as not the most transparent jurisdiction. This raises some concerns among traders and investors as offshore regulators typically offer less investor protection compared to more stringent regulators such as the FCA in the UK or the SEC in the US.

Benefits and statistics:

• FX Legacy offers a variety of account types, including swap-free;
• the company provides access to daily market analysis, signals and premium Autochartist tools;
• MT5 platform is one of the most popular in the world for Forex trading;
• the project is actively involved in educational activities, offering unique programs for beginners and experienced traders.

However, clients notice incompetence Legacy FX official website It works crookedly, the vast majority of sections do not open, including the block with important legal documentation. Such shortcomings indicate a negligent attitude of the project administration towards the organization of trading.

Trading conditions and types of trading accounts in Legacy FX

The company offers various types of trading accounts, each of which has its own characteristics and minimum deposit requirements:

• STANDARD: from $500;
• BRONZE: from $1000;
• SILVER: from $3000;
• GOLD: from $5000;
• PLATINUM: $10000;
• PREMIUM: $25000;
• VIP: $50000;
• Islamic account: special conditions for compliance with Sharia norms.

Legacy FX uses the MetaTrader 5 (MT5) platform, which is available in versions for PC, iOS and Android. The terminal provides traders with a wide range of tools for analyzing financial markets and performing trading operations in real time.

Terms of trade:

• leverage: Reaches 1:200;
• spreads: start from 0.6 points;
• commissions: there are no commissions on the trading platform;
• educational materials: provides extensive educational materials and live webinars for traders;
• daily signals: live signals and publications of the main trends in financial markets are available on the broker’s website;
• methods of replenishment and withdrawal of funds: debit and credit cards, electronic payment systems, bank transfers.

The trading conditions of this broker are no different from the commercial offer of the average counterparty in the financial markets. At the same time, sharaga is not able to provide transparent service. Given this situation, it would be logical to refuse services Legacy FX personal account in this platform – a death sentence for a novice investor’s deposit.

Exposing Legacy FX Broker

The office claims to be regulated, reliable and transparent. However, upon closer analysis, signs are discovered that raise doubts about the integrity of the project founders.

Legacy FX is managed by the A.N. group of companies. Allnew Investments Ltd, which owns several sites:

• legacyfx.eu; 
• int.legacyfx.com; 
• legacyfx.by. 

Each of these sites operates autonomously, without obvious connections between them, which suggests an attempt to hide the true connections between various legal entities and complicate the process of bringing scammers to justice.

Legacyfx.eu is registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), but does not provide services to Russian clients, redirecting them to int.legacyfx.com. This site, in turn, is owned by a company licensed by the Vanuatu Financial Services Commission (VFSC), which means there is little regulation and the potential for trading terms that are unfavorable to customers.

There are many complaints that the forex kitchen does not allow clients to withdraw funds. This is due to the fact that the broker creates conditions leading to the loss of the deposit, and also blocks client accounts without explanation.

Office address Legacy FX is listed in Vanuatu, but the Call Center phone number is registered in Switzerland. This discrepancy suggests an attempt to create the appearance of international activity while the company’s actual location and operations remain unclear.

Legacy FX’s presence on social networks is characterized by low activity and increased followers. Scammers intend to create the illusion of popularity and trust, while real interaction with customers and the community is limited.

In Russia, sharaga operates illegally. The broker does not have a license from the Central Bank of the Russian Federation. The company is not officially registered in the country. The project also refused to cooperate with liquidity providers. The above factors are a good reason to refuse Legacy FX investments opening a trading account will only increase the financial losses of users.