What is LegacyFX?
LegacyFX is a multiple asset trading platform that specializes in providing brokerage services for forex and CFD trading on oil, gold, indices, cryptocurrencies and major stocks, worldwide for traders all over the world since 2017. LegacyFX training conditions has one of the tightest spread in the forex market, beginning from only 0.6 pips. LegacyFX objectively mainly, is to promotes financial transparency and offer protection to its client against all forms of malpractice.
The broker offers up to 250 trading instruments. LegacyFX offers traders the MT5 (MetaTrader 5) platform. The broker allows traders to have access to the forex market 24 hours a day, 5 days a week, allowing clients to trade the most popular minor, exotic and major currency pairs. LegacyFX offers full protection of traders funds by operating negative balance protection and the complete segregation of traders funds from the company’s assets.
LegacyFX is regulated and authorised by the following;
- Cyprus Securities Exchange Commission (CySEC) with the license No: 344/17 A.N All-New Investment Limited.
- Vanuatu Financial Commission (VFSC) under the Registration Number: 14579.
- National Bank of the Republic of Belarus (NBRB) with the Registration Number: 193180778N All-New Investment Limited.
- The United Kingdom Financial Conduct Authority (FCA) with Registration Number: 797343.
- The Federal Financial Supervisory Authority (BaFin) under the Registration Number: 348194 A.N All-New Investment Limited.
Is LegacyFX legit?
LegacyFX is a brand name under the company A.N All New Investment Limited that is licensed and regulated by the regulatory bodies mentioned above. LegacyFX is licensed to provide brokerage service within the EEA zone (European Economic Area).
Simply put, LgacyFX is a fully established brokerage business according to necessary laws and operation principles, that is dedicated to enabling market transparency and integrity and to protecting clients.
LegacyFX Review and How To Recover Funds From Investment Scams
How are you protected?
Before an investment company like LegacyFX can be licensed, there are strict regulatory requirements that must be followed. Since the LegacyFX license means its compliance with all the strict regulatory requirements, the trader’s investment is considered to be secure, as the broker completely segregated funds from the operational funds of the LegacyFX while kept in leading and reputable EU banks.
Also, CySEC regulatory standards are fully aligned with the European MiFID( a European regulation that increases the transparency across the European Union’s financial markets) directive that also allows LegacyFX to offer its service within and outside the EEA zone. The stated purpose of MiFID is to build a more integrated, deeper and more effective in generating growth capital market while maintaining the protection of investors. However, this type of license does not let LegacyFX offer its services where the broker is NOT licensed.
LegacyFX supplies access to seamless trading through the great scope of 200+ underlying assets, while you may pick from leading Shares, Forex, Indices, Cryptocurrencies, Commodities and CFDs.
Hence, with access to the most liquid and popular markets, you may pick the preferred and most understanding instrument according to your trading need and use BDSwiss user-friendly portal to benefit from trading.
Deposits and Withdrawals
Another important thing to look at in the review of LegacyFX is the deposit and withdrawal policies, how easy it is to move money in and out of your account.
Eventually, all account administration happens through an online field while LegacyFX allows you to process the transaction via prominent credit/debit cards, Neteller, Skrill and Bank Wire Transfer.
Immediately you submit and confirm a withdrawal request the accounting department of LegacyFX processes and confirm the withdrawal requests within 3 business days.
As for the transfer fees, make sure to check conditions in detail with the payment provider and broker respectively as various jurisdictions may apply different rules due to international policies.
How to recover funds lost to an investment scam
If the investment firm you are into business with is not legitimate like LegacyFX, it is best to do everything to get your money out of the system.
Losing funds to an investment scam can be devastating, but you shouldn’t be ashamed as anyone can be a victim of a scam. You should make sure you recover your money from the scammer by all means necessary.
You can hire a Fund Recovery Expert with experience in investment scams to recover your money. A Fund Recovery Expert is a professional that is certified to help victims of various scams recover their money. A team of Fund Recovery experts is a team of Data recovery experts, Lawyers, Financial Advisers and sometimes hackers. Hire a Fund Recovery expert and submit the appropriate document like transaction history, agreement contract, and other documents the Recovery expert might deem necessary.
Hire a Fund Recovery expert on Duolabs. Duolabs is an online platform with various types of Recovery Experts for hire. With over 2 million dollars recovered from scams so far, Duolabs can be trusted to recover your funds for you.
You can get consultancy on Duolabs today, get professional feedback from industry experts on how to get your money back.