There are several account types at LegacyFX. The standard account requires a minimum deposit of $500 and includes a trading academy, daily signals, and live support. The bronze account requires a minimum deposit of $1,000 and includes access to more asset classes and up to three protected trades. A silver account requires a minimum deposit of $3,000 and comes with elemental mentoring. Finally, a gold account requires a minimum deposit of $5,000 and features VIP EU Mastercard and direct dealing desk access.
Fixed
Those looking for a high level of leverage need not look further than Fixed LegacyFX. It offers a range of leverage options for different types of trades. Its client support is available from Monday to Friday between 0800 and 2400 GMT, plus 3 hours. In addition, there choose from several contact options, including email, live chat, or web form. The FAQ section answers some common questions, but live chat is probably the best option.
The LegacyFX website states that it offers up to 1:200 leverage for trading on gold and silver indices. MiFID and CySEC regulate it. New European Securities and Markets Authority (ESMA) rules may affect it, which impose maximum leverage of 1:20 for FX and 1:5 for shares and indices. Regardless, it is imperative to understand the risks of trading with higher leverage levels.
Floating
Floating leverage in legacy forex is an excellent option for traders who want to diversify their portfolios. With this type of investment, a trader can use multiple accounts to trade one currency pair or several currencies. In other words, a trader can invest in a PAMM account and still use the same leverage as if he had a traditional trading account. In addition, this type of leverage works with all tradable pairs.
There are three types of accounts offered by LegacyFX. The first is the basic, which requires a deposit of $500. The other two are the Gold and Silver accounts. All of these accounts have different trading costs. However, if you want to take advantage of floating leverage in legacy forex, you’ll need to make a minimum deposit of at least $5,000 to open one.
Trading methods
If you are looking for an online brokerage that offers forex leverage, you may be tempted to sign up with a legacy forex broker. But before you do, ensure you understand their services’ conditions. These conditions vary from broker to broker and from entity to entity. For example, if the broker is not regulated, you may not be able to use the service.
In general, the purpose of the financial market is to generate profits. This is often done by buying and selling assets. However, unlike investors who invest for the long term, traders look for short-term profits. As a result, they enter and exit positions frequently and may aim for smaller profits with each trade.
Customer support
Whether you’re new to Forex trading or have questions about the platform’s features, you can contact the LegacyFX support team for assistance. You can do so via phone, email, or live chat. LegacyFX’s customer support is prompt and friendly. You can also find information on its risk disclosure statement, terms and conditions, and complaints policy. If you’re concerned about your account balance, you can file a claim through the company’s website.
Customer support for LegacyFX is available from Monday to Friday. Live chat support is not available on weekends or holidays. You can also find the company’s representatives on Facebook, LinkedIn, and Instagram. You can create a personal or corporate account with the company and choose the currency you want to trade with. You’ll also need an electronic signature and captcha to complete the account registration process.
Trading account types
You can choose from fixed or variable spreads when opening an account with a legacy forex broker. In addition, you can trade stocks and cryptocurrencies, as well as various commodities. There are several types of accounts, some of which differ from country to country. In addition, depending on the regulatory body, fees may vary.
Some legacy forex brokers offer Islamic accounts, which are meant for Muslims who adhere to Islamic law. These accounts usually have lower spreads and minimum deposit amounts. However, the conditions may change since this article was written. If you’re considering this type of account, contact your broker’s customer support team and ask about its details.