Compare forex brokers LegacyFX VS Gulf Brokers Dmcc

If you're choosing between LegacyFX and Gulf Brokers Dmcc forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is LegacyFX better than Gulf Brokers Dmcc? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

LEGACYFX VS GULF BROKERS DMCC

Gulf Brokers DMCC
Gulf Brokers DMCC Overview

Gulf Brokers is a financial investment firm that offers futures and derivatives for trading over the internet. The broker is located in Dubai, UAE and has been in operation since 2007.

LegacyFX
LegacyFX Overview

LegacyFX is an online forex and CFD broker located in Cyprus. It offers forex, stocks, indices and commodities for trading on the MT5 platform.

# Broker's Features LEGACYFX Availability GULF BROKERS DMCC Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare LegacyFX vs Gulf Brokers Dmcc.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. LegacyFX offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, Futures, while Gulf Brokers Dmcc offers Currencies, Commodities, Stocks, Futures, Options.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. LegacyFX is STP, while Gulf Brokers Dmcc is Dealing Desk, DMA.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. LegacyFX recommended minimum capital is 500, while Gulf Brokers Dmcc has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. LegacyFX is regulated by CySEC, BaFin, FCA, while Gulf Brokers Dmcc regulated by ESCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. LegacyFX offers UDS, EUR, GBP different account currencies for each account types, while Gulf Brokers Dmcc offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. LegacyFX offers English, Spanish, Italian, German, while Gulf Brokers Dmcc offers Arabic, English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. LegacyFX offers Credit/Debit Cards, Neteller, Skrill, Bank Wire Transfer different payment methods for each account types, while Gulf Brokers Dmcc offers Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LegacyFX makes MT5 available to clients, while Gulf Brokers Dmcc offers MT5.

The Verdict: LegacyFX or Gulf Brokers Dmcc?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, LegacyFX is more reliable based on our criteria above. Only LegacyFX offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. LegacyFX broker is regulated in more major hubs. LegacyFX offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. LegacyFX has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. LegacyFX broker offers lower minimum deposit requirement. As LegacyFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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