Legacy FX Islamic account | Swap free trading with LegacyFX
- Website: www.legacyfx.com
- Founded: 2017
- Company: A.N. Allnew investments Ltd
- Headquarters: Q Tower, 5th floor, Ioanni Kondylaki 47, 6042, Larnaca, Cyprus
- Regulation: CySEC (#344/17)
The Legacy FX Islamic account adheres to the principles of Islamic law regarding banking activity and Riba (interest). It is an interest-free or swap free account type, for those who, for religious reasons cannot trade on interest/swap incurring accounts.
However, account holders will still enjoy all of the benefits of all the Account Types offered by Legacy FX, their same spreads and same trading conditions you can find in their account information.
the moment you open any Account Type you need to contact your Account Manager to activate by letting them now with your account number and the wish to have the Legacy FX Islamic Account - send this request to firstname.lastname@example.org.
This is simple and pretty straightforward. Use lemon could count is an account equal to me live account. This way you're able to test the actual broker performance. The trading conditions and see. And develop your own trading strategy.
In addition, one of the key features of this broker is that they provide specific trading signals. These are like recommendations that would tell you too went to go in and went to go out on which currency pairs, you should trade at what particular moment. Especially for new traders that are just entering the market and still have no idea what to do this is of great help.
Legacyfx offers 3 different accounts. There's the silver account the gold account in the platinum an account.
Silver account is for the basic beginners and requires a deposit of $500 to gold account is already an investment of $5000 in the experience. Investors are looking at $25,000 for the platinum account.
The main difference between the accounts is the spread.
Every account type is offered also as an Islamic account meaning that the moment you open an account and made a deposit, you notify the support team of the broker and let them know that you require an Islamic account. They will change it in the back office to make sure that your account is swap free.
LegacyFX Trading platforms.
Legacy FX offers in reality 2 different trading platforms. There is the MetaTrader 4. The most used trading platforms where the retail traders in the industry. Is trading platforms allow you to? Trade with experts advisors and amazing charting package. Is the platform needs less of an introduction?
The second platform is the more advanced version for the MetaTrader 4 trading platform the Metatrader 5. This Platform is the latest development and will give traders the best tools for trading.
With the legacyFX Webtrader (MT5), you're able to trade anywhere at any time without actually having to download or install anything.
This way, the legacyFX Webtrade r(MT5) enables you to access the market within seconds. This is a platform that provides you with real-time quotes and has in one click trading feature.
This feature allows you to open any kind of trade with Just one click. In addition, it supports all order types and allows you to set limits to control of your risk.
And then there is the mobile version of the same platform. Of course, he's mobile version has it in the lesser number of features, since the screen is much smaller nonetheless it will allow you to open trades and follow the news as you are trading.
- Spreads are indicated in Value
- No Commissions – except Stocks - LegacyFX.com earns on each Forex trade from a mark-up embedded in the spread, which is the difference between the bid price and the ask price.
- Fractional Pips: They offer clients fractional pips, that are up to 10 times more precise, to take advantage of smaller price movements.
- Swap Free on all LegacyFX Account Types (Silver, Gold, Platinum).
The broker offers is fixed and variable spreads. Now I have to mention they are not one of the cheaper brokers. One might call him actually a little bit expensive on the other hand, which you receive as a broker will compensate for that without any problem.
They have all the major currency pairs as well as some miners and Exotics. They offered trading in Indices, precious metals and commodities
This broker is a legit and solid choice for anybody that looks to trade seriously. That trading platforms accommodate every level of trading. And there acid index is more than sufficient.
There, a bit on the more expensive side, but for that you get premium service and support. The LegacyFX trading Academy is second to none. It provides you with full course and tutorials.