Legacy Market Solutions is a platform offering a variety of financial trading services, covering forex, indices, stocks, precious metals, energy, ETFs, and cryptocurrencies. However, upon investigation, it appears that this platform does not have a real company entity, and the information provided on its official website significantly differs from the reality.
Website and Domain Information
The official website of Legacy Market Solutions is legacymarketsolutions.com. According to Whois, the domain registration date is January 30, 2025.
Trading Instruments and Platform
Legacy Market Solutions supports trading instruments including forex, indices, stocks, precious metals, energy, ETFs, and cryptocurrencies, with a total of more than 1,000 trading products.
The platform claims to support trading through cTrader and its proprietary trading software. However, the download links provided on the official website do not work properly, redirecting back to the main site, which prevents users from downloading and using the trading software.
Trading Account Information
Trading Fees
- Forex, Energy, and Precious Metals: $2.5 per standard lot per $100,000 traded (one-way)
- Stocks and ETFs: $1 per 100 shares
- Indices and Cryptocurrencies: No commission
Trading Conditions
- Spreads: Starting from 0.0 pips
- Leverage: Up to 1:500 for retail clients
- Minimum Trade Volume:
- Micro lots for forex, precious metals, energy, and cryptocurrencies
- 1 lot (1 share) minimum for stocks and ETFs
Account Rules
- Stop-Out Level: 5%
- Minimum Deposit: No minimum deposit required
- One-Click and Chart Trading: Supported
- Hedging: Allowed
- Negative Balance Protection: Supported
- No restrictions on Stop Loss/Take Profit distance: 0 pips
Order Execution Types
- Market Orders, Stop Orders, Limit Orders, Stop Limit Orders
- Opening Market Orders, Stop Loss/Take Profit Orders, Trailing Stop Orders
- OCO Orders, Timed Orders, Good till Day Orders
Trading Modes and Device Support
- Trading Modes: Supports manual, copy, and automated trading
- Device Support: Available on Web, Desktop, and Mobile platforms, enabling trade anytime, anywhere
Swap-Free Option
Legacy Market Solutions offers Islamic accounts (swap-free), compliant with Muslim beliefs. Users must complete a swap-free application and provide proof of faith, sending it to [email protected].
Deposit and Withdrawal Methods
Deposit Methods
- Visa/MasterCard/Maestro (Currencies supported: EUR, AUD, CAD, CHF, GBP, JPY, PLN, USD, THB)
- Bank Transfer (Currency supported: EUR)
- WebMoney (Currencies supported: EUR, USD)
Precautions:
- Bank transfer deposits may take 1-5 business days to process.
- The platform does not charge deposit fees, but banks may charge transfer fees.
- If deposit and withdrawal processes are detected as being abused, the platform reserves the right to charge a payment processing fee to the account holder.
Withdrawal Methods
Legacy Market Solutions requires withdrawals to use the same method as deposits, and supports the following methods:
- Visa/MasterCard/Maestro (Processing time: within 24 hours)
- Bank Transfer (No fee for amounts above 1,000 EUR, fees may apply for amounts below; processing time: within 24 hours)
- WebMoney (Processing time: within 24 hours)
Special Considerations:
- The minimum withdrawal amount for bank transfers is 20 EUR, with a possible fee of up to 60 EUR per withdrawal.
- Withdrawals typically take 1-5 business days to process.
- If the account has been inactive for 90 days or has never been active, a 5% fee will be deducted from withdrawals.
- Platform reserves the right to charge a payment processing fee if abuse of deposit and withdrawal processes is detected.
Regulatory Information
The Legacy Market Solutions website claims to hold regulatory authorizations from multiple financial jurisdictions as listed below:
- CySEC (Cyprus Securities and Exchange Commission): License Number 138/11
- FSA SC (Seychelles Financial Services Authority): License Number SD037
- SEC (U.S. Securities and Exchange Commission): CRD Number 131442 / SEC#: 801-110657
Upon investigation, the Cyprus license (138/11) and Seychelles license (SD037) actually belong to the broker TopFX, and CRD #131442/SEC#:801-110657 are associated with FINLEY FINANCIAL, LLC, unrelated to Legacy Market Solutions Limited.
Agency Policy and Educational Resources
The Legacy Market Solutions website does not provide a cooperation agency policy, and its trading educational resources only include some market news and educational articles from 2020, which are relatively outdated.
Company Address and Staff
- Company Address: The address claimed on the website is 1709 NE 27th St # B, McMinnville, but its authenticity is questionable.
- Staff Information: The website does not disclose any company members, and no related information can be found on the public network.
Website Traffic and Website Template
- According to Semrush data, Legacy Market Solutions' website has less than 100 monthly visits, indicating it is nearly unused.
- The website shares the same template with several known scam platforms like Sunrise Trading Club, Stellar Pioneer Incorporated, Hinteck, suggesting mass production.
User Reviews and Brand Exposure
- No user reviews can be found online.
- No related news reports, resulting in very low brand exposure.
Contact Information and Social Media
- Contact Information:
- Phone: +15163086423
- Email: [email protected]
- Social Media: No official accounts on LinkedIn, Facebook, Instagram, Twitter, YouTube or other mainstream platforms.
Risk Report
- Lack of Entity Information: Legacy Market Solutions lacks a real company entity, and website information is questionable.
- Doubtful Regulatory Information: The claimed regulatory licenses pertain to other companies; the platform failed to provide evidence of independent regulation.
- Extremely Low Website Traffic: Less than 100 monthly visits, similar website template to multiple known scam companies.
- Trading Software Issues: Unable to download the trading software, raising questions about its authenticity.
- Lack of Transparency in Deposit and Withdrawal Policies: High withdrawal thresholds, additional fees, and the platform reserves the right to charge users payment processing fees.
- Low Brand Exposure: No user reviews or related news can be found online, lacking market trust.
- Lack of Social Media Presence: No official accounts set up on major social media platforms, limited communication channels.
Based on the above information, the authenticity of Legacy Market Solutions is questionable, and investors should act with caution regarding transactions on this platform.
