Legal is a broker that offers trading services in forex, commodities, stocks, and indices for investors. The official website of Legal is https://legal.gmbh/, and the website supports only English and Russian as languages. According to the domain registration information obtained through a Whois query, the company's website domain was registered on March 31, 2023, which is less than six months ago. What's more critical is that the official website of the company does not provide any information regarding company registration, regulation, or authorization.
Company Background:
The Legal website does not provide any information related to the company's registration location or office address. It also does not offer any information regarding financial regulation or authorization. Furthermore, the domain registration information obtained through a Whois query shows that the company's website domain was registered on March 31, 2023, which is less than six months ago.
Account Registration:
The Legal website provides a link for account registration, but it does not distinguish between registering for real or demo accounts. Here are the registration steps: First, open the Legal website and click on "Get Started" in the upper right corner to access the registration page. Then, fill in the required information such as email, phone number, name, password, etc., to complete the account registration.
Account Types:
Information on the Legal website indicates that the company offers three different types of trading accounts: Basic, Pro, and Elite. However, the Legal website only explains the differences in initial investment capital and service offerings among these three account types. It does not provide key details about the differences in spreads, commissions, margin requirements, etc.
Trading Products:
The Legal website states that the company offers trading services in forex, commodities, stocks, and indices. However, the website does not specify the types of trading products available in detail.
Trading Software:
The Legal website does not provide any information about trading software.
Deposits and Withdrawals:
The Legal website does not provide any information regarding investor deposits and withdrawals.
Fees and Charges:
The Legal website does not provide information about the company's fees for deposits, overnight charges, spreads, commissions, and other charges.
News and Analysis:
According to the Legal website, the company provides financial market news and technical analysis reports on forex, commodities, stocks, indices, etc.
Regulatory Information:
The Legal website does not provide any information related to regulation.
Summary:
Legal is highly suspected of being involved in fraudulent activities. Firstly, the domain registration period for the company's website is less than six months. Secondly, the official website does not provide any information about company registration, regulation, or authorization. Based on these findings, there are serious suspicions of fraudulent activity associated with Legal, and investors should exercise extreme caution when considering its services. Trading Circle Encyclopedia advises you to be vigilant about the safety of your financial assets and avoid falling into potential scams.
