LegacyFX Company

LegacyFX Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

LegacyFX was founded in 2017, emerging as a multi-asset brokerage firm aimed at providing traders with access to a diverse range of financial instruments. The company was established with the intent to enhance financial transparency and offer improved client protection in the trading industry.

Parent Company/Ownership Structure

LegacyFX operates under the ownership of "An All New Investments (VA) Ltd," which is registered in Vanuatu. The firm has also established its presence in multiple jurisdictions, including Cyprus and Belarus.

Headquarters Location

The headquarters of LegacyFX is located in Larnaca, Cyprus, at Q Tower, 5th Floor, Ioanni Kondylaki 47, 6042. The firm also maintains operational offices in Belarus and Vanuatu.

Global Business Scope

LegacyFX serves a global clientele, providing trading services across various asset classes. The firm offers access to financial markets in Europe, the Middle East, and beyond, catering to a diverse range of traders, from beginners to experienced professionals.

Main Regulatory Bodies

LegacyFX is regulated by several financial authorities, ensuring compliance with industry standards. The primary regulatory bodies overseeing its operations include:

• Cyprus Securities and Exchange Commission (CySEC)
• National Bank of the Republic of Belarus (NBRB)
• Vanuatu Financial Services Commission (VFSC)
• BaFin (Germany)

2. Company History and Development

Key Milestones

Since its inception in 2017, LegacyFX has achieved significant milestones, including the launch of its trading platform and the introduction of various account types tailored to different trading needs.

Business Expansion Journey

LegacyFX has steadily expanded its business operations, growing its client base and enhancing its service offerings. The company has established a strong online presence and has been actively involved in marketing and promotional activities to attract new traders.

Customer Base Growth

The firm has experienced substantial growth in its customer base, with traders from various regions choosing LegacyFX for its competitive trading conditions and diverse financial products.

Platform Development History

LegacyFX primarily utilizes the MetaTrader 5 (MT5) trading platform, known for its advanced features and user-friendly interface. The platform allows traders to execute trades across multiple financial markets, including forex, stocks, and commodities.

Important Awards or Recognitions Received

LegacyFX has received several accolades for its services, including awards for being one of the best forex brokers in the Middle East and Western Europe. These recognitions highlight the firm's commitment to providing quality trading services and educational resources.

3. Trading Services Offered

Forex Trading Options

LegacyFX offers a comprehensive range of forex trading options, providing access to over 50 currency pairs, including major, minor, and exotic pairs. This variety allows traders to diversify their portfolios and take advantage of different market conditions.

Stock Trading Options

In addition to forex, LegacyFX provides trading options for a variety of stocks from major global markets. Traders can access equities from different sectors, enhancing their investment opportunities.

CFD Trading Products

The brokerage offers Contracts for Difference (CFDs) on various assets, allowing traders to speculate on price movements without owning the underlying asset. This includes CFDs on indices, commodities, and cryptocurrencies.

Other Financial Instruments

LegacyFX also supports trading in cryptocurrencies, precious metals, and commodities. This diverse range of financial instruments helps traders to create well-rounded investment strategies.

Special Services or Unique Advantages

LegacyFX provides several unique advantages, including:

• Swap-free accounts available to all traders.
• Comprehensive educational resources, including webinars and trading signals.
• Access to advanced trading tools such as Autochartist, which assists in technical analysis.

4. Regulatory and Legal Background

Detailed Regulatory Information

LegacyFX is regulated by multiple authorities, which enhances its credibility in the financial industry. The following regulatory bodies oversee its operations:

• CySEC (Cyprus) - License No. 344/17
• NBRB (Belarus) - License No. 193180778
• VFSC (Vanuatu) - License No. 14579
• BaFin (Germany) - License No. 348194

Legal Entity Structure by Region

The legal structure of LegacyFX varies by region, with specific entities registered in Vanuatu, Cyprus, and Belarus. Each entity complies with local regulations and operates under the respective financial authorities.

Client Fund Protection Measures

LegacyFX employs strict client fund protection measures, including the segregation of client funds from the companys operational funds. This ensures that client assets are safeguarded in the event of financial difficulties faced by the brokerage.

Countries/Regions Served

LegacyFX serves clients globally, although it does not accept clients from certain jurisdictions, including the United States and Iran. The firm has tailored its services to meet the needs of traders in Europe, the Middle East, and other regions.

Compliance History

LegacyFX maintains a solid compliance history, adhering to the regulatory requirements set forth by the governing bodies. The firm has implemented measures to prevent money laundering and ensure fair trading practices.

5. Competitive Landscape

3-5 Main Competitors

LegacyFX faces competition from several notable brokers in the industry, including:

• XM Group
• IG Group
• eToro
• Forex.com
• AvaTrade

Positioning in the Industry

LegacyFX positions itself as a reputable broker with a focus on client education and support. Its diverse range of trading instruments and account types helps it cater to various trader demographics, from novices to experienced professionals.

Market Differentiation Factors

LegacyFX differentiates itself through:

• A wide array of educational resources and trading tools.
• Competitive trading conditions, including zero commissions on most trades.
• The use of the advanced MetaTrader 5 platform, which offers enhanced trading functionalities.

In summary, LegacyFX is a well-established brokerage firm that offers a diverse range of trading services across multiple asset classes. With its strong regulatory framework, commitment to client education, and innovative trading platform, it continues to attract a growing number of traders in the global market. For those interested in exploring their offerings, learn more about LegacyFX today.