LegacyFX Review

1.922 · 29 REVIEWS
Updated: Sep 7, 2020 · LegacyFX.com  · Is this your company?

LegacyFX is a forex broker. Legacy FX offers the MT5 and MT5 Mobile forex trading top platform. LegacyFX.com offers over 40 forex currency pairs, cfds, commodities, stocks, indices, metals, bitcoin and other cryptocurrencies for your personal investment and trading options.


Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 200:1
Minimum to Open Live: $500
Established: 2017
Address: Govant Building, Kumul Highway, P.O.Box 1276 Port Vila, Vanuatu
Contact: Support@legacyfx.com, +41315087455
Regional offices:
Regulators: VFSC #14579
Prohibited countries:
Trading platforms: MT5, WebTrader, Mobile Trader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (40+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (135+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities
EAs/Robots: Yes
Scalping: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, Maestro, Neteller, Skrill, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, Maestro, Neteller, Skrill, UnionPay

Live discussion

Join live discussion of LegacyFX.com on our forum

Go to forums


Your company video here? Contact ad sales

1.922 · 29 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Traders Reviews

London, United Kingdom,
Apr 12, 2020,

Legacyfx scam

Service use: Live

Length of use: 0-3 Months

Legacy fx company is a big scammer I opened my account and company manager called me fo you have a knowledge I said not to much ok I will do it I asked them please open first demo account and please give me training first but he said don’t worry I will do it he said please download in your computer anyonedesk and give me id and pw . I gave them and he did without any information he said ok please watch how I do and he did gold trade and within 15 min he loosed my money. His name is jimmy he is a big scammer. I do not recommend legacy fx. It’s scammer
Abraham Adeleke,
Lagos, Nigeria,
Sep 4, 2020,


Service use: Live

Length of use: 3-6 Months

This broker entices you to bring $250 to start trading on their platform with a 0.1 lot size, which is very wrong. This won't allow you to position size and manage your risk. So, if you have 3 or 4 losing trades, your trading account is gone.

I put $250 in their platform in April and blew it twice because they don't allow traders to choose their lot size. I didnt know all this stuff at the beginning, so they took advantage of that and encourage me to deposit. I deposit $250 and $300 and lost both amounts with the help of their so-called signals group.

People rating them 5 stars are people who just recently started using their service. They don't really know what's going on. Give them one month, I bet you, they will lose their money.

Generally speaking, don't put your money in LegacyFX because they are dishonest and only out to get your money!!!
Reply by Legacyfx submitted Sep 7, 2020:
Dear Mr. Adeleke,

Thank you very much for taking the time to write a review about Legacyfx.com
Please note that there is no such thing as an account manager not letting you to change the lot of your trades. No one has control over your trading account but you.
Legacyfx.com offers all clients a Dealing Room service, our clients are able to contact the Dealing room and open and close trades after sending expedite instructions about lots, stop loss etc.
Further to your feedback, we regret to hear that you are unsatisfied by the services even though we complied with all your requests on time such as sending your withdrawal back and giving you the service of the best account managers.
If you may need any further clarification please do not hesitate to contact us at compliance@legacyfxc.com
LONDON, United Kingdom,
Jul 5, 2020,
Registered user


Service use: Live

Length of use: 0-3 Months

I will be as sincere as possible. Please STAY AWAY FROM LEGACYFX. While i understand that some will still go ahead and invest with them, I'll advise that if you worked hard for your money PLEASE DO NOT GIVE IT TO LEGACYFX.
1. When you come across them, they will assign you to an account manager that has been trained to manipulate you. They will tell you sweet words and advise you to listen to them-PLEASE DON'T DO IT
2. I have a first hand experience with them and it was not a good one, i know at least 3 people with the same experience.
3. When you do loose all your investment because of their wrong directions, no one will listen to you, and even when they do, they are set in their ways- their resolve will be to encourage you to invest more, not trying to help you resolve.
4. Don't get me wrong, i understand in trades there are gains and losses; but as a newbie, they offer to give you professional advise. I lost £1500 in a matter of days because Chris the so called professional advised trades that were beyond the account and the trades were on a consistent loss. I started loosing money when it went south at £100 but he said to leave and not close it, then it started loosing some more, he refused that i close it, until it got to -£712, and then another trade on -£386 same day, i was devastated because all these big losses could have been avoided. He then went on to ask me to open Crudeoil same day with a big size lot, this took all the money and closed it self.
5. I sat down and realised this is something they do upon closing on every Friday, because for some reason they have something to gain. They will never respond back to you after 4pm on Friday and this happened to me twice on Fridays with them.
6. I made a complaint via email, no one responded until i sent a 3rd email, then some guy Nick called me with a non-challant attitude and offered to reverse the last trade of £318, even after i sent evidences to Damyan about how i insisted to Chris that we close those losses of -£712 & -£386 when the price was still manageable, they totally ignored it and said i should forget about it; that they will never refund it, even though they agreed Chris made a wrong call.
6. I reported this issue to a regulatory body and they confirmed they had received several complaint about LEGACYFX.
7.I have all chat evidences that suggests the losses i incured could have been avoided and caused by one of their own; but none of them are willing to look at the fact.
8. After they returned £318 and i tried to withdraw it, they still had the effrontery to deduct £50 withdrawal fee, even when they know i had lost my money.
11. Since the inception of my frustrations, i have only received a call from a non challant person and THAT'S IT. I IMAGINE THEY ARE USED TO THIS AND CAN'T BE BOTHERED.
  1 trader has found this review helpful
Australia, Australia,
Mar 13, 2020,

Fraud and fake superstars. Wachout and do not trust this fake company.

Service use: Live

Length of use: 0-3 Months

I have requested for withdrawal but no one is responding me and I will go and internationally follow it because I hate thiefs and I will bring them down with all the stolen money. Let's see who will be a winner soon.
  1 trader has found this review helpful
Reply by Legacyfx submitted Mar 26, 2020:
Dear Ali,

Thanks for your feedback and time to post it.
It will be very useful if you could provide us with your account number so we can investigate your case and reply accordingly with the details.

Please feel free to send us a message directly to support@legacyfx.com and we will make sure to take care as we usually do.

Best Regards,
The Compliance Team.
Rekha Shrestha,
Sydney, Australia,
Mar 1, 2020,


Service use: Live

Length of use: 0-3 Months

We did trading believed in them and out life saving is gone. In matter of 10 min.
We requested refund and they need our credit card back and front which if they valid never ask.
My husband left devasted for months in tears and empty bank account
  1 trader has found this review helpful
Reply by Legacyfx submitted Mar 4, 2020:
Dear Mrs. Shrestha,

We would like to conduct an investigation of your trading experience with LegacyFX.
We kindly ask you to contact the LegacyFX Support Team via email to support@legacyfx.com.

The LegacyFX Team.
Yorkshire, United Kingdom,
Jun 12, 2020,
Registered user

Dont believe the HYPE on Telegram!!

Service use: Demo

Length of use: 0-3 Months

This is the LegacyFX.com account which is not under UK rules.(the one that has all the Hyped 1000pip Telegram messages.)I didnt join the LegacyFX.eu so dont have an opinion.

LegacyFX.com is not for a small account or beginner. (Im very new to this, 6 months learning and still stupid enough to look for short cuts to make money))

I wasn't concerned about spread size (which is high in comparison to others)it would be irrelevant if I could achieve the profits they claim.

I was lead to believe that they are an ECN broker so it is in their interest that you make money. Not sure if its true but I don't believe they have your interest at heart.

I demo traded for the last 3 days on the promise that I would join if I made a profit in the demo account which had £50k, i asked them to change it to £1k so that I could trade realistically and follow money/risk management(which they didnt do).
The minimum trade size is 0.1 lots, this makes it impossible to use risk management, with the amount of trades they are giving out daily I reckon you'd need a £5k minimum account to be able to keep within margin.


If you are at a skill level to risk a £5k account I dont think you need tips and signals from these.

I ditched them after 3 days because the telegram group that gives out signals shows a 1000 pip profit for yesterday alone and they only mention one loss.

The truth is that my demo account lost money yesterday, I didnt take there biggest winner which was USDZAR, I have no intention of trading Minor or Exotic forex pairs, even if I had taken it I would still have made a loss.

I didn't lose any money as it was a demo account, but apparently you get a personal adviser once you have a real account, I have no doubt you will need to keep topping your account up to keep within margin to take all trades.

This is the hype-

"USDZAR + 900 pips (this was about 4 to 1 odds so not as good as it appears)
USDCAD + 76 pips
EURJPY + 26 pips
EURNZD + 61 pips
CADJPY +27 pips
GBPCHF + 39 pips
EURGBP + 7 pips
EURUSD +5 pips
GBPUSD +34 pips
AUDUSD + 20 pips
NZDUSD +3 pips
USDTRY - yet to develop

Total pips profit: 1198!"

I kept a journal if anyone wants to challenge this.!!

(For google search's sake - Adrian Savic Jake Miller )
Not for me, Ill go to the casino instead!
  1 trader has found this review helpful
Zürich, Switzerland,
Aug 11, 2020,
Registered user

Legacy FX

Service use: Live

Length of use: 0-3 Months

My acount Manager make me lose 17.000€ and all acount balance.
Dont trust this people, he tell me today i have to invest more money ! Who invest more money when are losing everything??
Its not serious Company.
  1 trader has found this review helpful
Reply by Legacyfx submitted Aug 18, 2020:
Dear Domingos,
Thanks for taking time to post a review about LegacyFX.
Trading Forex carry a high level of risk which can work both to your advantage and disadvantage.
You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risk involved.
Opening, closing positions and depositing in your trading account is an activity that is done only with your authorisation and approval.
If you may need any further clarification please feel free to contact us at support@legacyfx.com
The Compliance Team.
Auckland, New Zealand,
Aug 23, 2019,
Registered user

LegacyFX is big scam

Service use: Live

Length of use: 0-3 Months

They give beautiful image about good profit and they manage your account. But eventually make your account loss and never get any withdrawal. please keep away from this Scam broker. LegacyFX is a big scam. I lost 10k. never get any withdrawal. They will loss all your money soon and say bla bla and try to suck all your money all the time.
  4 traders have found this review helpful
Reply by Legacyfx submitted Nov 18, 2019:
Dear Yadgayan

LegacyFX is an established and trusted broker, providing a wide range of products and services for traders worldwide. While a trader or investor may not be satisfied with the results of his/her own trading, that does not mean they were not treated fairly by the service provider. All trades are conducted in accordance to our terms and conditions pointed out in our official website and in the trading agreement between the parties.

We have made internal investigation on your claims and found that our agents have 100% complied with procedure and provided you with all support needed , (Forex) and Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. FX and CFDs carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. which we highlighted many tines to you during the high exposure you have took but unfortunately the result was against your positions that you have placed (its documented in all our records )
if you still need any clarification or help please send email to Support@Legacyfx.com and we will be glad to assist you.
LegacyFX Support Team
Antalya, Turkey,
May 5, 2020,

Legacyfx is not transparent

Service use: Live

Length of use: 0-3 Months

I funded my account with them after being cajoled by one FRANCESCA about the benefits of trading with them. I found out the terms and conditions after funding and it was not good enough for instance minimum of 0.10 lot size per trade.
I refused to place a trade and decided to withdraw my money. $50 was charged and I am yet to receive my money back.

I advise no one to chose them.
  2 traders have found this review helpful
Accra, Ghana,
Feb 24, 2020,
Registered user

They are in it to make money for themselves

Service use: Live

Length of use: 0-3 Months

I have noticed most of the positive reviews are from people who deposited not too long ago. Initially, they give u attention but their spreads are very high, their website is suspicious, withdrawal is a nightmare and their mobile trading platform is unstable. I wouldn't advise anybody I love to trade with legacyfx. Their people are good especially Jake Miller but if you dont deposit a lot of money, you will be left to the sharks. I would recommend picking a different broker.

Jan 23, 2020 - 4 Stars I started trading live with legacyfx on the 6th January,2020. I lost 60% of my account but with the help of Mr. Jake Miller I have recouped my losses and gained substantial profits. Mr. Jake has really been a blessing. Also their no swap account is a great help.
  2 traders have found this review helpful

Frequently Asked Questions

What is LegacyFX?

LegacyFX is an online forex and CFD broker, located in Vanuatu. LegacyFX offers following assets to be traded on MetaTrader 5 platform.

  • Forex
  • Gold CFDs
  • Oil CFDs
  • Crypto CFDs
  • Stock CFDs
  • Indices CFDs

Is Legacy FX legit?

LegacyFX is regulated in Vanuatu by Vanuatu Financial Services Commission under license 14579.

Being regulated doesn't automatically mean it is legit, it means there is a place to report or complain when it is needed.

The best way to understand if LegacyFX is a legit or good broker is to read the unbiased traders reviews on ForexPeaceArmy. https://www.forexpeacearmy.com/forex-reviews/16685/legacyfx-forex-brokers

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent LegacyFX community discussions: https://www.forexpeacearmy.com/community/tags/legacyfx/

Is LegacyFX regulated?

LegacyFX is regulated in Vanuatu by Vanuatu Financial Services Commission under license 14579.

What is the maximum leverage offered by LegacyFX?

The maximum leverage offered by LegacyFX is 200:1 for all available accounts.