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Vipotor , LegacyFX Broker Comparison

Do you want to know which is the better broker between Vipotor and LegacyFX ?

In the table below, you can compare the features of Vipotor , LegacyFX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
1.44
No Regulation
No guarantee
--
2-5 years
ASIC
Supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
4
Regulated
No guarantee
--
5-10 years
NBRB
Not supported
Supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
$ 50,000 +
--
--
--
--
--
--

Score
Regulatory Status
No Regulation
Regulated

Vipotor 、 LegacyFX BrokerRelevant information

Vipotor BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of vipotor, legacyfx lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

vipotor

Note: Vipotor's official website: https://www.vipotor.com is currently inaccessible normally.

VipotorReview Summary
Founded2021
Registered Country/RegionMalta
RegulationNot regulated
Market InstrumentsForex, options, CFDs on indices, commodities, stocks, and cryptocurrencies
Demo Account/
LeverageUp to 1:100
EUR/USD SpreadFrom 1.7 pips (Standard account)
Trading PlatformMT4
Min Deposit$100
Customer SupportPhone: +35627781919
Email: services@Vipotor.com
Address: PO BOX 4000, Gippsland Mail Centre, Victoria 3841

Vipotor was registered by Vipotor Wealth Ltd in 2021 in Malta. It offers the most popular trading platform MT4, and the leverage is up to 1:100. However, it can only trade for forex. Besides, the spread is 1.7 pips. What's more, it is not regulated.

Vipotor's homepage

Pros and Cons

ProsCons
Various trading instrumentsNot regulated
MT4 supportedWide spreads
Popular payment optionsUnavailable website

Is Vipotor Legit?

Regulatory StatusRevoked
Regulated byAustralia Securities & Investment Commission
Licensed InstitutionVIPOTOR WEALTH PTY LTD
Licensed TypeAppointed Representative (AR)
Licensed Number001292257
Revoked ASIC license
Domain information

What Can I Trade on Vipotor?

Tradable InstrumentsSupported
Forex
Options
CFDs
Stocks
Indices
Cryptos
Commodities

Account Type

Vipotor offers three account types: Standard, Premium and Prime.

Account TypeMinimum Deposit
Standard$100
Premium$500
Prime$5000

Leverage

The leverage of Vipotor is up to 1:100. High leverage always comes with high profits and high losses.

Spreads and Commissions

Vipotor's spread varies depending on the accounts chosen. The spreads start from 1.7 pips on EUR/USD on the Standard account. Besides, no commissions are charged.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Android and iOSBeginners and experienced traders

Deposit and Withdrawal

Payment OptionsFeesDeposit Processing TimeWithdrawal Processing Time
Bank transfer$25+2-5 business days2-5 business days
Credit cardFreeInstant24 hours
PayPal2%1 hour
Skrill
Neteller
CryptoDepending on crypto24 hours
legacyfx
LegacyFX Basic Information
Company Name LegacyFX
Headquarters Belarus
Regulations Regulated
Tradable Assets Currencies, stocks, indices, commodities, and cryptocurrencies
Payment Methods International banks
Trading Platforms MT5 trading platform
Customer Support Email (info@legacyfx.by)Phone (+375 291788410)

General Information & Regulation

The Brand LegacyFX is an established broker providing a wide range of products and services for traders worldwide since 2017. It grants traders access to a broad spectrum of tradable assets, encompassing currencies, stocks, indices, commodities, and cryptocurrencies. Through its MT5 trading platform, LegacyFX provides users with a seamless and intuitive interface, known for its robust functionality and ease of use.

The company “AN All New Investments BY LLC” (operating under the LegacyFX brand) was registered on 12/14/2018 (UNP 193180778) with Company Registration number 193180778 (Certificate of the National Bank of the Republic of Belarus No. 17). The activities of AN All New Investments BY LLC are regulated by Decree of the President of the Republic of Belarus No. 231 dated June 4, 2015 “On the implementation of activities in the OTC Forex market”.

Overview of Legacy FX

Is LegacyFX Legit?

LegacyFX is regulated, operating under the supervision of the National Bank of the Republic of Belarus and licensed under number 193180778. It ensures that brokers operate legally, minimizing the risk of fraudulent activities and fostering a secure trading environment. Regulated brokers adhere to stringent financial reporting standards, offering investors transparent and dependable information to make informed decisions. However, while regulation enhances oversight and accountability, it does not entirely eliminate risks. Therefore, traders should maintain vigilance and exercise caution when participating in online trading activities.

Is LegacyFX Legit?

Pros and Cons

LegacyFX offers a diverse range of trading instruments, providing traders with ample opportunities to diversify their portfolios and explore various markets. The platform utilizes the popular MetaTrader 5 platform, known for its advanced trading tools and user-friendly interface, enhancing the trading experience for users. Additionally, LegacyFX operates with regulatory oversight, providing clients with an added layer of security and peace of mind. However, the platform's website is currently inaccessible, which could pose challenges for users trying to access essential information or execute trades. Furthermore, high account minimums can be a burden to most traders, especially beginners.

Pros Cons
  • Various trading instruments to trade
  • High minimum deposit
  • Utilizes the popular MetaTrader 5 platform
  • Unable to access the website
  • Operates with regulatory oversight

Market Instruments

Besides a good selection of currency pairs, traders can diversify their portfolio with indices, commodity CFDs, metals, cryptocurrency pairs, and stocks on LegacyFX platform.

Account Types

There are four account options on offer: Silver, Gold, Platinum, and VIP. The Silver account is available from a minimum deposit of $500, the Gold account for a deposit of $5,000, $25,000 for the Platinum account, and the VIP account is yielded for deposits exceeding $50,000. Swap-free Accounts are available, but swap-free accounts are granted to all traders.

LegacyFX

LegacyFX Leverage

Leverage varies from 1:5 to 1:200 depending on the asset traded: Stocks – 1:5, Forex – 1:200, Metals – 1:100

Indices – 1:100, Commodities – 1:100, Cryptocurrencies – 1:5.

Spreads & Commissions

Traders can choose between fixed or variable spread accounts. Variable spreads for major forex pairs such as EUR/USD start at 1.6 pips with the Silver account. Spreads get tighter with the Gold and Platinum accounts, going down to 0.6 pips. Fixed spreads are around 3 pips for EUR/USD with the Silver account. All assets are commission-free, except for stocks where charges range from 0.15% to 0.45% depending on the account.

LegacyFX Trading Platform

LegacyFX offers traders access to the MetaTrader 5 (MT5) trading platform, renowned for its advanced features and versatility. With the MT5 platform, traders can execute trades across various financial markets, including forex, stocks, indices, commodities, and cryptocurrencies.

MetaTrader 5 (MT5)

Deposit & Withdrawal

The minimum deposit for a LegacyFX account is $500, while there is a maximum deposit of $10,000 with credit/debit cards. LegacyFX‘s website clearly states that withdrawals to credit cards can only be in the amount of the deposit from that particular card; the remainder will be wired to the client’s bank account. Clicking on Bank Wire Transfers returns the bank wire information, while all other buttons lead to a log-in screen. Legacy FX covers all deposit and withdrawal fees for transactions via major credit/debit cards, Skrill, Neteller, and bank wires above $200.

LegacyFX

Customer Support

LegacyFX offers customer support through email at info@legacyfx.by and phone at +375 291788410.

Customer Support

Conclusion

In summary, LegacyFX offers traders a wide array of trading instruments and account types, coupled with the renowned MetaTrader 5 platform, fostering flexible and accessible trading opportunities. The platform operates under regulatory oversight, ensuring adherence to industry standards and bolstering investor confidence. However, the inability to access the website and the lack of clarity regarding account types may hinder the trading experience for some users. Traders are advised to proceed with caution, conduct thorough research, and verify information directly with LegacyFX to mitigate potential risks and ensure a safer trading journey.

FAQs

Q: Is LegacyFX regulated?

A: Yes, LegacyFX is regulated by the National Bank of the Republic of Belarus and holds license number 193180778.

Q: What trading instruments are available on LegacyFX?

A: LegacyFX offers a diverse range of trading instruments, including currencies, stocks, indices, commodities, and cryptocurrencies.

Q: How can I contact LegacyFX's customer support?

A: You can contact LegacyFX's customer support via email at info@legacyfx.by or by phone at +375 291788410.

Risk Warning

Trading online carries inherent risks, and there's a possibility of losing your entire investment capital. It's crucial to acknowledge these risks and understand that the information presented in this review may not always be up-to-date due to changes in the company's services and policies. Therefore, readers are encouraged to verify the information directly with the company before making any decisions. Ultimately, it's the responsibility of the reader to use the information provided in this review wisely and make informed decisions.

Are the transaction costs and expenses of vipotor, legacyfx lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive vipotor and legacyfx are, we first considered common fees for standard accounts. On vipotor, the average spread for the EUR/USD currency pair is -- pips, while on legacyfx the spread is --.

Which broker between vipotor, legacyfx is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

vipotor is regulated by ASIC. legacyfx is regulated by NBRB.

Which broker between vipotor, legacyfx provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

vipotor provides trading platform including -- and trading variety including --. legacyfx provides trading platform including VIP,PREMIUM,PLATINUM,GOLD,SILVER,BRONZE,STANDARD and trading variety including --.

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