LegacyFX - A Trustworthy Broker?
If you are considering trading with LegacyFX, you should think twice. This forex trading platform has been red-flagged for several reasons. This review will explore why traders should not trust LegacyFX and why it is considered a scam broker.
Is LegacyFX a Licensed Broker?
One of the red flags with LegacyFX is that it is not a licensed broker. LegacyFX claims they originated in the UK, but we do not find any authorization from FMA. Also, we don’t see any license number on their abut section or anywhere. This is a major red flag for this broker.
Why Should Not Your Trust an Unlicensed Broker?
Trading with an unlicensed broker is risky, and the consequences can be severe. Any rules or regulations do not bind these brokers, and there is no guarantee that they will act in the best interest of their clients. Furthermore, you will not have any legal recourse against them if something goes wrong.
Can LegacyFX Be Trusted?
The short answer is no. LegacyFX has a lot of red flags that suggest it cannot be trusted. The fact that it is unlicensed alone should be enough to raise suspicions. Additionally, the platform has been the subject of numerous complaints and negative reviews from traders who have used its services.
What Do Traders Think About LegacyFX?
Most traders with experience with LegacyFX have expressed dissatisfaction with the platform. Many have reported experiencing fraudulent practices, such as hidden fees, difficulty withdrawing funds, and a lack of transparency. Others have reported issues with customer support, with many complaints going unanswered.
Scammed by LegacyFX?- Talk to Our Experts
If LegacyFX has scammed you, you must talk to us. We will analyze your case and provide with a free consultation to recover your money. We will also provide some service recommendations to help you in recovering the lost funds.
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