Inspection Reason
The investors were suspicious of brokers in Cyprus because they often went bankrupt and disappeared. Due to these concerns, the inspection team decided to pay more attention to those brokers in Cyprus.
Regulation information
The broker LegacyFX has the STP license issued by CySEC and located at 47 Ioanni Kondylaki Street, Q Tower, CY 6042, Larnaca.
Featured Photos
According to the regulation information, the inspection team went to a medium-sized business building located in Larnaca.
The floor guide of building showed that the office of broker Allnew investment was on the 5th floor. The inspection team came to the 5th floor and rang the doorbell. The door was opened by a man. After explaining the purpose of visit, the man indicated that he was unwilling to receive or further communicate, so he closed the door. However, the incredible thing happened when the inspection team returned downstairs and ready to leave.
The man who previously refused to communicate came downstairs with another male colleague, and invited the inspection team to go upstairs for a talk. However, the two men began to criticize roughly and unreasonably when the team entered the conference room of their office. At the same time, they forced the team not to leave, asked for identity documents and threatened to call the police. Finally, the inspection team was free to go by calling the lawyer. One of the men even shouted a very bad swearing as the team was about to take the elevator downstairs to leave.
The inspection team went to the 5th floor and caught sight of the logo LegacyFX.
At the same time, the inspection team found the LOGO company of All New Investment beside.
The inspection team later learned that LegacyFX and All New Investment were the same company.
Conclusion
The office address of broker Legacyfx was consistent with the regulatory information. The inspection team looked around the office and estimated that it could accommodate about 15 employees. In general, this inspection didn’t go well and was even unpleasant. Comprehensive consideration was recommended with regard to investment.
Declaration
The content and viewpoints of this inspection are for reference only, and shall not be taken as final suggestions for investment choice.
Website:http://www.legacyfx.eu
2-5 years | Regulated in Cyprus | Regulated in Vanuatu | Straight …
LEGACYFX
LegacyFX
Support@legacyfx.com
+41315087455
Cyprus
--
--
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
For more comprehensive data
Please download WikiFX APP