LegacyCFD PTY LTD, which operates the site, is registered with the Australian Commission with the number ACN 672 851 919), with its registered office in Sydney. In addition, LegacyCFD Limited, registered in Canada under the number FINTRAC MSB: M23088601, with headquarters in Brampton, is authorized to carry out money transactions on this platform. How reliable is this resource? Our review will show you whether you should trust this broker, as well as what advantages and disadvantages the firm has compared to its competitors.

How to Trade

LegacyCFD provides clients with its own platform. You can trade forex, indices, cryptocurrencies, stocks, and commodities. The main offers of the broker:

  • 7 account types with different minimum deposit levels from $250 on Entry to $500,000 on VIP.
  • Negative balance protection, which guarantees that the user’s account balance will not fall below 0.
  • Affiliate program for Introducing Broker or Advertiser Individuals.
  • Expert trade guidance, customized commissions, and dedicated support.

You can use bank transfers, PayPal, Western Union, Mastercard, or Visa to deposit/withdraw funds to LegacyCFD. The company is responsible for the legality of any transaction only to Australian residents.

Under LegacyCFD Rules, you grant the company the right to block access to your account or terminate your profile without notice. You agree that the broker is not responsible for these actions.

LegacyCFD’s official website has a learning center section. There are 8 e-books on trading, a webinar page (no content), and the latest news. The brokerage firm has accounts on popular social networks, which you can access through the links provided on the website. It has English, Arabic, Spanish, and Polish versions, but some of the information remains in its original form in English.

LegacyCFD Vital Info

The official website does not contain specific information about the owners, managers, and licenses of the brokerage organization. We saw only a phrase repeated many times in different variants about the team’s more than 30 years of joint experience. Perhaps, unsophisticated users will consider this figure as the age of the project. However, the domain was registered only in October 2023. It is worth noting that the site lists three awards for “Best Customer Service 2023”, but there is no information about who was awarded, who evaluated the broker, and by what criteria.

We checked the registration of the two companies listed in the website footer as operating the platform. Indeed, LegacyCFD PTY LTD is included in the register of legal entities in Australia, and LegacyCFD Limited is registered in Canada. We have not been able to ascertain whether they are related to the site in question, as the site owner’s ID is not available in the registry of incorporation. We do not understand why the project’s owners remain anonymous, even though they emphasize their “many years of experience”. Does hiding important information about themselves and the history of the “Most Innovative Broker of 2023” make these companies reliable partners in the financial industry?


What are the key facts about LegacyCFD?

The site owner lists two companies registered in Australia and Canada that manage this project. However, there is no information about the registration of this site by these companies. Copies of legal documents, financial reports, names and photos of the team members, scans of the license, and certificates of registration of the brokerage organization are not publicly available.

What's the risk to my wallet when working with this broker?

We have concluded that such cooperation will most likely bring nothing good to the client. The risks are indicated by the fact that the broker does not care about its image - the site is made carelessly, it has a cheap design and primitive structure. In addition, users should not hope for help from ‌local authorities in case of problems with the firm or its bankruptcy. CFD trading with high leverage up to 1:500, which is limited to 1:30 by financial commissions of many countries, becomes an additional risk of losing money for a trader.

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