Daniel M398 Young#12

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What are the pros and cons of LegacyFX?

Pros: Regulated by CySEC under EU MiFID rules MT5 platform with advanced tools Transparent fee model with no withdrawal penalties Multilingual customer service Cons: High minimum deposit of $500 Spreads wider than ECN brokers Offshore entities provide fewer protections No MT4 support Conclusion: LegacyFX is a legitimate broker under CySEC regulation, offering solid protections for European clients. However, traders must confirm which entity they are signing with, as the level of investor protection varies widely. Its higher deposit and wider spreads may not suit all trading styles, but for those seeking a regulated MT5 broker within the EU, LegacyFX provides a credible option.