LegacyFX Review 2026
Established in 2017
•
Cyprus
• CySEC Regulated
LegacyFX offers forex and CFD trading services with a 3.8/5 rating. Regulated by CySEC, this broker offers spreads from 1.5 pips on EUR/USD with a minimum deposit of $500. Trade 300+ instruments including forex, CFDs, and more.
📊 LegacyFX Overview
LegacyFX (A.N. Allnew Investments Ltd) is a well-established broker founded in 2017 headquartered in Limassol, Cyprus. The broker operates under the supervision of CySEC , a reputable regulatory authority.
With access to 300+ tradable instruments including 50 forex pairs , 20 cryptocurrencies , 180 stocks , LegacyFX caters to diverse trading strategies.
| Legal Name | A.N. Allnew Investments Ltd |
|---|---|
| Founded | 2017 |
| Headquarters |
Limassol, Cyprus
|
| Primary Regulation | CySEC (Tier 2 - Strong Protection) |
| Instruments | 300+ assets |
| Min Deposit | $500 |
| Max Leverage | 1:200 |
📖 LegacyFX — In-Depth Introduction
LegacyFX entered the forex market in 2017 and has since grown into a recognized industry player. Regulated by CySEC, LegacyFX offers traders a reasonable level of regulatory oversight. This includes fund segregation requirements and dispute resolution mechanisms. With average spreads of 1.5 pips on EUR/USD, LegacyFX offers competitive pricing that suits most trading styles.
Company Background
LegacyFX (legally A.N. Allnew Investments Ltd) has been operating in the financial services industry for 9 years. Headquartered in Limassol, Cyprus, the broker continues to build its reputation in the competitive online trading space.
The broker provides access to 300+ tradable instruments.
💸 LegacyFX Fees — Complete Cost Analysis
LegacyFX's spreads of 1.5 pips on EUR/USD fall within the industry average range. While not the cheapest option, these costs are acceptable for most trading styles. There are no commission fees on LegacyFX's standard accounts. All trading costs are embedded in the spread, making it straightforward to calculate your expenses. For context, a day trader executing 5 round-turn trades daily at 1 lot each would pay roughly $75 in spread costs per day with LegacyFX. Over a month (22 trading days), that's $1650.
Trading Costs Breakdown
💡 Cost Calculator: LegacyFX
Non-Trading Fees
| Fee Type | LegacyFX | Industry Average |
|---|---|---|
| Deposit Fee | Free | Free - $25 |
| Withdrawal Fee | Varies by method | $0 - $50 |
| Inactivity Fee | None | $10-50/month |
Want to compare fees with other brokers?
⚖️ Compare🛡️ Is LegacyFX Safe? — Complete Security Analysis
The 68/100 Trust Score reflects LegacyFX's middle-ground approach to safety. Not the safest option available, but not the riskiest either. LegacyFX maintains segregated client accounts as required by its regulator. While this provides basic protection, coverage may vary depending on your jurisdiction.
Regulatory Framework
LegacyFX holds a CySEC license.
Security Features Checklist
Understanding the Trust Score
Our 68/100 Trust Score is calculated using 15+ safety factors including regulation, company history, financial transparency, and client fund protection.
📋 Methodology👤 Who Should Use LegacyFX?
✅ Best For
- Muslim traders can benefit from LegacyFX's swap-free Islamic accounts, which comply with Sharia principles. No interest is charged on overnight positions.
❌ May Not Suit
- Traders prioritizing maximum safety may prefer tier-1 regulated alternatives with stronger investor protection schemes.
Looking for alternatives?
📝 The Bottom Line on LegacyFX
LegacyFX is a decent option worth considering with a 3.8/5 rating.
📈 LegacyFX Detailed Scores
Our expert team evaluates brokers across 8 key categories. Here's how LegacyFX performed in our rigorous testing:
LegacyFX is a decent choice but has areas that could be improved.
💰 LegacyFX Fees & Spreads
Understanding trading costs is crucial for profitability. LegacyFX uses a Variable spread model with no commission on standard accounts. The average EUR/USD spread is 1.5 pips .
📊 Typical Spreads
| Pair | Min | Average |
|---|---|---|
| EUR/USD | 0.6 | 1.5 pips |
| GBP/USD | 0.8 | 1.2 pips |
| USD/JPY | 0.6 | 1.0 pips |
| XAU/USD | 15 | 25 cents |
💳 Other Fees
| Commission (ECN) | No commission |
| Deposit Fee | Free |
| Withdrawal Fee | Free (method dependent) |
| Inactivity Fee | None |
| Swap-Free (Islamic) | ✓ Available |
💡 Trading Cost Example
Trading 1 standard lot (100,000 units) of EUR/USD with LegacyFX:
- Spread Cost: 1.5 pips × $10/pip = $15.0
- Commission: $0
- Total Cost: $15.0 per lot
🛡️ LegacyFX Regulation & Safety
LegacyFX is regulated by CySEC, a Tier 2 - Strong Protection regulatory authority. This provides a solid level of investor protection, including fund segregation and dispute resolution mechanisms.
📜 Regulatory Licenses
- CySEC 344/17
- FSCA 50041
- VFSC 40132
🔒 Safety Features
- ✓ Segregated Client Funds
- ✓ Negative Balance Protection
- ✗ Investor Compensation
- — Publicly Traded
🎯 Trust Score: 68/100
Moderate Trust: LegacyFX meets industry standards for safety and regulation.
🖥️ LegacyFX Trading Platforms
LegacyFX offers 1 trading platform, giving traders flexibility in how they access the markets.
MetaTrader 5
Advanced multi-asset platform with more timeframes, order types, and improved backtesting.
- ✓ 21 Timeframes
- ✓ Depth of Market
- ✓ Economic Calendar
- ✓ Multi-Asset Support
📋 Platform Comparison
| Feature | MT4 | MT5 | cTrader |
|---|---|---|---|
| Available | ✗ | ✓ | ✗ |
| Copy Trading | ✗ | ✗ | ✗ |
| Algo Trading | ✗ | ✓ | ✗ |
| VPS Available | Not offered | ||
| API Access | Not available | ||
🌐 LegacyFX Tradable Instruments
LegacyFX offers access to 300+ tradable instruments across multiple asset classes. This includes 50 forex pairs , 20 cryptocurrencies , and 180 global stocks.
👤 LegacyFX Account Types
LegacyFX offers various account types to suit different trading needs and experience levels. Demo accounts are available for practice. Swap-free Islamic accounts are also available for Muslim traders.
Practice with virtual funds
Compliant with Sharia law
Not available
Not available
Not available
💳 LegacyFX Deposits & Withdrawals
LegacyFX requires a minimum deposit of $500 .
📥 Deposit Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets (Skrill, Neteller)
📤 Withdrawal Methods
- 💳Credit/Debit Cards
- 🏦Bank Wire Transfer
- 📱E-Wallets
⚖️ LegacyFX Pros & Cons
✅ Pros
- Regulated by CySEC with investor protection
- Free demo account available for practice
- Negative balance protection for retail traders
- Swap-free Islamic accounts available
❌ Cons
- Minimum deposit of $500 may be high for beginners
- No copy trading feature
- Limited educational resources for advanced traders
📚 LegacyFX Education & Research
LegacyFX's educational offerings are limited compared to some competitors.
Limited
Not available
Basic coverage
Available on trading platforms
🎧 LegacyFX Customer Support
LegacyFX offers customer support to assist traders with their queries.
⭐ LegacyFX User Reviews
📝 User reviews will be displayed here. Share your experience with LegacyFX!
Write a Review🏆 LegacyFX — Our Verdict
LegacyFX is a decent broker with some limitations. With CySEC regulation, 1.5 pips EUR/USD spreads, and a $500 minimum deposit, this broker is worth considering based on your specific needs.
Best for: General forex traders
⚠️ Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
❓ LegacyFX — Frequently Asked Questions
Is LegacyFX a safe and regulated broker?
Yes, LegacyFX is regulated by CySEC, which is a Tier 2 - Strong Protection regulatory authority. The broker also holds licenses from 2 additional regulators. Client funds are kept in segregated accounts with negative balance protection.
What is the minimum deposit at LegacyFX?
The minimum deposit at LegacyFX is $500. This is a moderate minimum deposit requirement.
What trading platforms does LegacyFX offer?
LegacyFX offers the following trading platforms:
- MetaTrader 5 (MT5) — Advanced multi-asset platform
What are LegacyFX's spreads on EUR/USD?
LegacyFX offers EUR/USD spreads from 0.6 pips with an average of 1.5 pips. The broker uses Variable spreads.
How long do withdrawals take at LegacyFX?
Withdrawal processing times at LegacyFX depend on the payment method:
- E-wallets: 0-24 hours
- Credit/Debit Cards: 2-5 business days
- Bank Transfers: 3-7 business days
Does LegacyFX offer a demo account?
Yes, LegacyFX offers free demo accounts with virtual funds so you can practice trading without risking real money. This is an excellent way to test the platform and develop your trading strategy.
What is LegacyFX's maximum leverage?
LegacyFX offers maximum leverage of 1:200. However, note that leverage limits vary by region due to regulatory requirements:
- EU/UK/Australia: Up to 1:30 for major forex pairs (retail)
- Professional traders: Higher leverage may be available upon qualification
- Other jurisdictions: Leverage up to 1:200 may be available
Higher leverage increases both potential profits and potential losses.
Can I use LegacyFX in ?
LegacyFX accepts traders from . The broker operates under CySEC regulation. Always verify current availability and applicable regulations on the broker's website.
Does LegacyFX offer Islamic (swap-free) accounts?
Yes, LegacyFX offers Islamic (swap-free) accounts that comply with Sharia law. These accounts do not incur swap charges for positions held overnight. Contact LegacyFX's support to request an Islamic account.
What instruments can I trade with LegacyFX?
LegacyFX offers access to 300+ tradable instruments:
- 50 Forex currency pairs
- 20 Cryptocurrencies
- 180 Stock CFDs
