LegacyFX Trading Platforms Review

Available Trading Platforms

LegacyFX offers 1 trading platform: MT5. Each serves a different purpose, and the right choice depends on your trading style and experience level.

MetaTrader 5 (MT5)

MT5 on LegacyFX supports the full instrument range — forex, indices, commodities, stocks, and crypto CFDs where available. The platform adds 21 timeframes (vs. MT4's 9), a built-in economic calendar, and depth of market (DOM) for seeing order book data.

For technical analysis, MT5 comes with 38 built-in indicators and 44 analytical objects. The strategy tester supports multi-threaded backtesting, which is significantly faster than MT4 for optimizing automated strategies. MQL5 is also more capable than MQL4, supporting object-oriented programming.

One important note: MT4 and MT5 Expert Advisors are not cross-compatible. If you are migrating from MT4 to MT5, your existing EAs will need to be rewritten in MQL5.

Mobile Trading

LegacyFX supports mobile trading on both iOS and Android. The MetaTrader mobile apps provide core functionality — charting, order placement, position management, and push notifications for price alerts.

In our testing, the mobile experience was reliable for monitoring positions and placing quick trades. However, serious technical analysis and multi-chart setups are better handled on desktop or tablet. Mobile apps are best treated as a companion to your main platform, not a replacement.

Execution Speed and Order Types

LegacyFX reports average execution speeds under 1 second for market orders, with the majority filled in under 300ms during normal market conditions. We did not experience significant slippage during our testing period, though results can vary during high-volatility events like NFP releases.

All standard order types are supported: market orders, pending limit/stop orders, take profit, stop loss, and trailing stops. The advanced platforms also support stop-limit orders and partial close functionality.

Charting and Technical Indicators

Across LegacyFX's platforms, you have access to 38+ built-in indicators on MT5, 30+ on MT4, plus the ability to add custom indicators. Drawing tools include trendlines, Fibonacci retracements, channels, pitchforks, and more.

For traders who rely heavily on charting, connecting LegacyFX to TradingView via a broker integration (where available) can provide the best of both worlds — TradingView's superior charting with LegacyFX's execution.

Platform Verdict

LegacyFX's platform offering scores 7.0/10 in our testing. The platform selection is solid and covers most trading needs, though power users may want to supplement with TradingView for charting.