LegacyFX Review: Broker Profile, Fees & Bonuses

LegacyFX is a forex broker founded in 2020 that offers MT4 trading and a 30% welcome bonus. Read our review of its accounts and funding.

• Company: Capitalxtend Limited Liability Company, listed with licence number 395LLC2020.
• Headquarters: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.
• Founded: 2027.
• Promotion: 30% Welcome Bonus.
• Minimum deposit: 200.
• Base currency: USD.
• Platform: MetaTrader 4 (desktop, web, Android, iPhone and iPad).
• Account types: VIP, Mini, Islamic (swap free) and Managed.

Risk warning: trading forex and CFDs is risky, and bonuses come with conditions. Never trade money you cannot afford to lose.

LegacyFX is linked to Capitalxtend Limited Liability Company. The company is based in St. Vincent and the Grenadines. Its profile lists licence number 395LLC2020.

This is a registration entry. It is not the same as a licence from a major financial regulator. Traders should ask the broker what protection this registration gives them. Check how client funds are held before you deposit.

The broker started in 2020, so it is a fairly young company. A short track record is not a problem on its own. It does mean you should start small and test the service.

The broker lists a 30% Welcome Bonus as its current promotion. The exact rules are not given in our profile. That includes the maximum bonus, the trading volume needed and the withdrawal conditions.

Read the full bonus terms on the broker's website before you accept. Look for these points:

• Whether the bonus can be withdrawn, or only the profit from it.
• How many lots you must trade before withdrawing.
• Whether withdrawing funds cancels the bonus.
• Any time limit on using the bonus.

Want to compare offers? See our guides to the forex deposit bonus and the forex no deposit bonus.

LegacyFX uses MetaTrader 4. This is a popular platform with charts, indicators and automated trading tools. The broker lists these versions:

• MetaTrader 4 for desktop
• MT4 for Android
• MT4 for iPhone
• MT4 for iPad
• Web trading

The profile says hedging and scalping are allowed. News trading is allowed too. Mobile trading is available.

Leverage and spreads

The profile shows a figure of 1:1000 in the field for minimum spreads. This looks like a leverage ratio, not a spread. We could not confirm this, so please check it with the broker.

High leverage can multiply losses as fast as gains. Spreads are not listed in our profile. Check live spreads on a demo account before you trade with real money.

The broker offers several account options. Our profile lists the following.

Swap free accounts suit traders who cannot earn or pay overnight interest for religious reasons. Ask the broker whether any other fees replace the swap.

Managed accounts mean someone else trades for you. This adds risk. Ask about fees and performance records before you agree.

The minimum deposit is listed as 200. LegacyFX lists these funding methods:

• B2BinPay
• Universal Capital Bank
• Wire transfer
• Credit card
• Debit card
• MasterCard
• Neteller
• Skrill

Our profile does not list withdrawal fees or processing times. Check the broker's terms for the exact withdrawal conditions. This matters most if you take a bonus, because bonus rules can delay withdrawals.

The broker's website is capitalxtend.com. You can reach it in these ways:

• Email: enquiry@capitalxtend.com or social@capitalxtend.com
• Telephone: +44 800 041 8471

No Skype or fax contact is listed.

• Confirm what the St. Vincent and the Grenadines registration means for client protection.
• Read the full bonus terms.
• Test the platform on a demo account first.
• Check live spreads, commissions and swap charges.
• Make a small first deposit and try a small withdrawal.

What is LegacyFX?

LegacyFX is a forex broker founded in 2020. It is linked to Capitalxtend Limited Liability Company in St. Vincent and the Grenadines. It offers trading on MetaTrader 4.

What bonus does LegacyFX offer?

The broker lists a 30% Welcome Bonus. The full terms are not in our profile. Read them on the broker's website before you deposit.

What is the minimum deposit at LegacyFX?

The minimum deposit is listed as 200. The base currency is USD. Confirm the exact amount and currency with the broker before you fund an account.

Does LegacyFX offer Islamic accounts?

Yes. The profile lists Islamic (swap free) accounts. It also lists VIP, Mini and Managed accounts.

Risk warning: trading forex and CFDs is risky, and bonuses come with conditions. Only trade with money you can afford to lose.