Legal FX Trade24 has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Market...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Legal FX Trade24 advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Easy withdrawals|Fast deposits|Fast execution|Tax reports included
Cons: None so far
Do not be fooled by the professional-looking website. Behind the scenes, Legal FX Trade24 is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Low minimum deposit|Tax reports included
Cons: No crypto staking|Research section could be deeper
Do not use Legal FX Trade24 for anything serious. I used them for nearly two years for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Good mobile app|Easy to use platform|Clear documentation|Multiple order types
Cons: Cannot customize dashboard fully
KYC with Legal FX Trade24 is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Two-factor authentication|Good analytical tools|Fast deposits|Economic calendar
Cons: Limited demo account features
I trusted Legal FX Trade24 with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Multi-currency support|Reliable uptime|Stable platform|Copy trading available
Cons: Help articles are sometimes vague