LegacyFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
LegacyFX at a Glance
| 🔎 Broker's Name | LegacyFX |
| 📍 Headquartered | Larnaca Cyprus |
| 📅 Year Founded | 2012, rebranded in 2017 |
| ⚖️ Regulating Authorities | CySEC, MiFID, VFSC, BaFin, FCA, and NBRB |
| 🌐 Countries not accepted for trade | USA, Israel, Iran, Syria, Afghanistan, Myanmar, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, and Manito |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | $500 / R 7 996,05 |
| 💳 Deposit Options | Neteller, Skrill, Wire transfer, Visa/Mastercard, Bitcoin, MyFatoorah |
| 💳 Withdrawal Options | Neteller, Skrill, Wire transfer, Visa/Mastercard, Bitcoin, MyFatoorah |
| 💻 Platform Types | MT5 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| 👨💼 Languages supported on Website | English, Arabic, Spanish, German, Russian |
| 👥 Customer Support Languages | English, Arabic, Spanish, German, Russian |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 500
Regulators
CySEC, MiFID, VFSC, BaFin, FCA, NBRB
Trading Platform
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LegacyFX Demo account – 8 key points quick overview:
LegacyFX at a Glance- LegacyFX Demo account – 8 key points quick overview:
- How to set up a LegacyFX Demo Account – Step by Step
- LegacyFX Demo Account Features
- LegacyFX Customer Reviews
- LegacyFX Pros and Cons
- Conclusion
- Frequently Asked Questions
How to set up a LegacyFX Demo Account – Step by Step
To register for, and set up a demo account with LegacyFX, traders must visit the website and follow the simple steps.
Step 1 – Open Your Account
- Navigate to the LegacyFX homepage
- Click on the demo account button on the middle left of the page
Step 2 – Fill out the form
- Complete the simple online registration form. Provide your full name, email address, and phone number, and create a password for your demo account
- Read and Continue
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what Legacy FX has to offer.
Min Deposit
USD 500
Regulators
CySEC, MiFID, VFSC, BaFin, FCA, NBRB
Trading Platform
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LegacyFX Demo Account Features
LegacyFX demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading.
Due to this, traders cannot withdraw any profits which are made on the demo account.
LegacyFX Customer Reviews
Why you should join LegacyFX and request to be under Max Berge?
I’ve been following LegacyFx’s free signals for quite some time now. At first, I wasn’t sure if the accuracy rate they claim is true or not. But after a couple of months of “research”, they were right about it. My belief in the increased and I was very happy to join them.
I funded my real account, and I was placed under Max Berge, a wonderful guy. I keep winning thanks to his signals, of course, there are SL hits (Nobody is perfect) but the profit is way more than the loss. Overall, he’s a good guy as well. Messages to ask if I am doing good, did I take the trade or not, and how much profit I made. I appreciate people who do this as it greatly increases the morale and understanding between each other. Thanks a lot, Max, hope to earn more with you.
Feel free to join LegacyFX free signals group, and evaluate yourself by doing what I did, checking their success and loss rate over a period of time, and then consider joining them for real. You won’t regret it!
Awesome I have never ever seen like withdrawal…
Awesome I’ve never ever seen like withdraw funds reach my bank account I just say a few words Superrrrrrrrrrr ❤❤❤❤❤❤🙏🙏🙏🙏🙏🙏
Ahmed Mohammed Ghouse
I have seen great profits that I never…
I have seen great profits that I never imagined even though I am a beginner, it’s all thanks to Legacy Fx and Daniel Ray the guy who contacted me. Now I will pay off my debt faster than I thought. Do not hesitate that 250$ is strictly for you to start trading and nothing else.
LegacyFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Accounts have negative balance protection | A broker is an offshore entity |
| Advanced education with Webinars, Videos, and Economic Calendars | Conditions vary according to brokers’ regulation |
| Client funds segregated from company assets | Does not accept clients from the US or Canada |
| Demo Accounts can be opened | High minimum deposit |
| MT5 provided a trading platform | Only MT5 available as a trading platform |
| Regulated by several authorities | The starter account is not competitive |
| Swap-free account available for all clients | |
| Wide range of assets available |
Conclusion
LegacyFX does offer a Demo Account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses.
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like LegacyFX is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account that needs to be funded with the customer’s own real money.
Can traders from South Africa open a LegacyFX demo account?
LegacyFX also operates in South African markets, and one can easily open an account if one choose to trade. However, it doesn’t allow you to open an account in ZAR.
How long is the demo account valid?
The demo account can be used unlimited.
Is LegacyFX a good option for beginners trading?
LegacyFX seems to have it all, such as good conditions for beginners
Is the LegacyFX demo account rigged?
LegacyFX demo accounts are not rigged.
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