LegacyFX Review 13
On January 1, 2024, legacy changed the customer agreement at will, increased the account management fee tenfold, and misappropriated all my funds when it stopped operations. After giving them feedbacks many times, it still did not return my principal. This behavior is so bad that it has never been seen before.
Ive try to contact LegacyFX thru 4 different ways and got no answer. They didnt approve my profits withdrawal, they sent this morning only my inicial deposit. They are accusing me to operate prices out of the market. Ive been operating thru their MT5 platform, how can i operate prices out of the market? Proof they are a SCAM broker. They have NO proofs, they use PLUGINS against costumers, they manipulate your positions with slippage and a 3 seconds to open and close when your ping to the server is 3ms.Im a Professional Trader using hedging and scalping where a honesty Broker will contact me if they dont like the way that i trade. Scam broker, LegacyFX is trying to keep my profits from me. Please be aware everyone whos thinking open an account with them. Not saying about the 50$ that they charge to every client when you request your withdrawal. GIVE MY PROFITS.
Ive made a withdrawal request more then a week ago and I didnt receive yet.Also tried to contact my account manager Andrew Green, their support team, the compliance department and noon reply my emails. Also tried thru their live chat and soon ask about my withdrawal they block and disconnect the chat. Simply horrible. When you make trades using your strategies they will try not to pay your profits at any reason. DONT OPERATE ON LEGACYFX.Plus your account manager will send you emails in languages that isnt yours or english. VERY UNPROFESSIONAL.
Enter slippage - reduced it to a minimum, quite to my surprise. I've been with other brokers where slippage was as frequent as breakfast. Not with LegacyFX, thankfully. The spread? Fair. Not the best I've seen, but not bad either. Now, time for some reality check. While the spreads were reasonable, the commissions made my jaw drop! It felt like visiting a five-star restaurant and finding the prices just over the top. And let's not get started on the account-opening procedures - there was more paperwork than in a bureaucratic office! Their trading signals seemed like mixed bags of nuts. Some were bang on target; others were as wayward as a kite in a storm. How about the withdrawal speed? Well, let's just say it would be quicker to order a pizza from Italy directly!
I've been using their platform for my forex trading for a while now and it's been...interesting. On the upside, their trading platform performance is quite impressive. Quick order execution has rarely been a problem, and the interface is user-friendly. They've got their act together in terms of regulation, which gives me a sense of security, knowing I am trading with a broker following financial standards. One thing I genuinely applaud LegacyFX for is their trading signals. If you're the type to rely on signals, you're in luck. They provide quite accurate signals which have genuinely helped improve my trading strategies. However, few things have room for improvement. Their spreads, for starters, aren't the best I've seen in the market. They're relatively wider which isn't ideal as a cost-effective trader. Then comes the withdrawal speed. Their claim of quick withdrawals didn't quite hit the mark for me. It was a bit like waiting for Christmas morning, to put it politely.
This morning I want to ask when will this LegacyFX Broker be blacklisted
I have to say that LegacyFX is always my first choice. They provide wide selection of trading assets, fast deposit and withdrawal, a legit broker. I have many pleasant trading experiences on this platform. I definitely give it five stars.⭐ ⭐⭐⭐⭐
3 managers in the space of 1 year; signals wrong 90% of the time; then started trading on my own and making profits- suddenly noticed stop loss hunting, trades not being executed at the right time; final straw- NUMEROUS and OBVIOUS evidence of trading against my trade to ensure loss.
