At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this LegacyFX broker review.
LegacyFX has been providing brokerage services since 2017. The MiFID-compliant broker is regulated by CySEC and the National Bank of the Republic of Belarus. Originally founded in 2012, LegacyFX rebranded and relaunched its services under new management in 2017. Presently, LegacyFX is owned and operated by “A.N. All New Investments Ltd”, a financial investment firm, based in Larnaca, Cyprus. The brand provides currency pairs, metals, commodities, stocks and indices for trading on its platform across multiple devices.
At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this USGFX broker review.
USGFX is a multi-award winning, multi-asset global FX & CFD broker, enabling clients worldwide to trade currency pairs, indices and commodities in premium trading conditions.
We are great believers in helping our clients grow and prosper as traders. That’s why we provide a full and integrated suite of trader support services ranging from personalised 1-on-1 coaching, industry-leading market analysis and innovative smart trading tools so our clients can make better, more informed trading decisions.
|#||Broker's Features||LEGACYFX Availability||USGFX Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||✔|
|#||Interest charges on the balance||❌||❌|
|#||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 Usgfx.
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 Forex, CFDs on Indices, Commodities, Metals, Crypt, while Usgfx offers Forex, Metal, Indices, Bitcoin.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. LegacyFX is STP, while Usgfx is Broker, ECN.
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 Usgfx has a Minimum Deposit Requirement of 100.
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 Usgfx regulated by ASIC, FCA. 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 Usgfx offers USD, AUD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. LegacyFX offers English, Spanish, Italian, German, while Usgfx offers English, Chinese, Vietnamese, Indoneisan, Malay, A Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. LegacyFX offers E-wallets (Neteller, Skrill and more), wire transf different payment methods for each account types, while Usgfx offers VISA, MasterCard, Wire Transfer, Webmoney, Perfect payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LegacyFX makes MetaTrader5 available to clients, while Usgfx offers MetaTrader4/5, WebTrader.