LegacyForex.com Review
3.651 •
13 REVIEWS
Out of business Mark Shawzin
Peter Visser
Updated: May 9, 2023
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Note: October 2012: The FPA has confirmed that Mark Shawzin of BullsEyeForexSignals.com was an outside vendor to Legacy Forex. Mark Stated that the signals were in his format. Mark's service had 2 live accounts with FPA Performance Testing. The first test began with a balance of $900, and ended up losing $849.70 of that. The second test had $977.13 in deposits and made about $7000. It then lost all profits and finally ended with a balance of $99.63. You can check the statistics for those tests here. Later, the website was edited to list Mark Shawzin as the head trader of Legacy Forex.
ExpertTrading.co.uk now points to LegacyForex.com. The 3 reviews from 2010 that were originally left for ExpertTrading.co.uk have been moved to this page. The old demo Performance Test for ExpertTrading has also been moved here.
Website is down. Company seems to be out of business.
Out of business
LegacyForex.com Performance tests
| Status | Account | Product | P/L Weekly,% | Weeks tested | P/L Gross,% |
|---|---|---|---|---|---|
| Expert Trading | -1.21 | 4.2 | -4.995 |
Please click the Product name to see detailed test analytics, trading statement, and use our Performance Simulator.
3.651 •
13 REVIEWS
Recent User Reviews of LegacyForex.com
T
Tamer
Abu Dhabi, United Arab Emirates,
Jun 27, 2016,
Guest
Don't invest with Mark Shawzin, you will lose 90% of your money. I also started with a 25k Account and Axxiom / Mark Shawzin stated they only make money off the profit. Later I found out from the broker Mark was charging an extra spread without my knowledge or concent. On top of this unethical behavior he lied about the margin level, he took a large trade on GBP and lose over 90% of my balance. My advice is to stay away.
S
Somoud
Dubai, United Arab Emirates,
May 22, 2016,
Guest
Signed up for an account with Axxiom trading, claiming that they have a hard stop at 20% loss of the account and there are stop losses set. That turned out to be a total lie, the trading was for two months and it ended with losing 98% of the balance of the account. I deposited $25K and now it only has less then $2K. DO NOT invest with Mark Shawzin, he will lose your money. The way he lost 80% of the balance was by not setting stop losses and he used much more leverage then he said he will use.
M
Mark Shawzin
Los Angeles, USA,
Jan 21, 2014,
Guest
I hereby attest and confirm that the trades from the two test accounts I ran on the FPA website were not linked to the trade copier that transmitted signals to our signal subscribers.
At no point did signal subscribers receive trades pursuant to those executed on the FPA test accounts.
Consequently, neither Bulls Eye (nor Legacy Forex) signal clients received the great gains, or eventual losses from either account.
These test accounts were run 100% for my personal gain and/or purposes.
No representations were made then, or after, regarding the trade activity in the aforementioned test accounts.
I would be happy to answer any questions or concerns that may have occurred as a result of the postings of the test accounts on the FPA website.
Sincerely,
Mark Shawzin
Review Moderation Team Note: Submitting accounts to the FPA's Performance Testing Program and placing trades in those accounts that are not passed on to clients is against the core purpose of what the Performance Testing program is about. The whole concept of Performance Testing is to show exactly what trades clients are receiving.
At no point did signal subscribers receive trades pursuant to those executed on the FPA test accounts.
Consequently, neither Bulls Eye (nor Legacy Forex) signal clients received the great gains, or eventual losses from either account.
These test accounts were run 100% for my personal gain and/or purposes.
No representations were made then, or after, regarding the trade activity in the aforementioned test accounts.
I would be happy to answer any questions or concerns that may have occurred as a result of the postings of the test accounts on the FPA website.
Sincerely,
Mark Shawzin
Review Moderation Team Note: Submitting accounts to the FPA's Performance Testing Program and placing trades in those accounts that are not passed on to clients is against the core purpose of what the Performance Testing program is about. The whole concept of Performance Testing is to show exactly what trades clients are receiving.
R
reggie69
, New Zealand,
Jun 22, 2013,
Guest
I signed up for legacy pamm account, since i started my account has just gone down and down , the trader trades with no stop loss more like gambling .I have contacted the broker to stop trading my account i currently have about 3% left in it so u could say they have wiped out my account. I warn others avoid them
E
Ed
NY, USA,
Apr 15, 2013,
Guest
Mark is a Gunslinger. Sure he can run an accout up 400%, but he will lose it twice as fast. Mark Shawzin and Peter Visser are now promoting a signal service for $49, but it will go up to $97 then $147/mos. Be wary when traders pull their myfxbook records. There was one under Legacy Forex, Capital Investments, and the new one is under Axxiom Trading. They do well for a while but always lose it all. Enough said!
M
M
UK, United Kingdom,
Mar 21, 2013,
Guest
The results for Legacy Forex are terrible. Trusting someone else to trade my money is the worst decision I have ever made. Unless you are prepared to lose your money, I'd steer well clear of Legacy Forex. The trading is erratic and the risks taken on single positions (20%+) is just gambling. Look very closely at their trades before you risk your money !
R
rob
, United Kingdom,
Aug 19, 2012,
Guest
the system they use is buying/selling the high/low of the breakout price, trouble is its just not working at moment , well ive been watching their trades v closely last 7 weeks and its been absolutely DREADFULL a monkey cud do better their losses have been huge i reckon around 90% losses just abysmal. go to their website and look up the results, they havent updated july mmmm i wonder why.
their strategy is an old one that works in more stable times
their strategy is an old one that works in more stable times
J
John Barruhden
kb, Singapore,
Aug 8, 2012,
Guest
I joined the free service recently, however I have not had many signals; I have not seen a signal for the past 7-10 days, just emails saying no set-ups in place. So overall not really very useful as a signal service. I hope this is not reflective of their paid service. Either way it has given me cold feet of trying a premium subscription.
M
Mike
Lake District, United Kingdom,
May 31, 2012,
Guest
Started with the free service, now using paid mirror service. Legacy is different than all other EAs I've used before, This one actually makes money. You don't just get the trade entered on your MT4 platform, you also get an email and chart saying why the trade was entered.
Customer service 1st class too.If you're serious about trading Forex then give this one a go, I promise you wont regret it.
Customer service 1st class too.If you're serious about trading Forex then give this one a go, I promise you wont regret it.
L
Louise
West Midlands, United Kingdom,
May 23, 2012,
Guest
Legacy Forex have a great free service and I have found their daily emails really helpful to my trading. Their support is really responsive even though i'm only a free member. I'm hoping to join their paid service soon to automate the signals.