Worked example
Practising on LegacyFX's numbers
This is an exercise sheet, not a review. We are going to take three things that LegacyFX publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
LegacyFX does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. LegacyFX offers 0 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are LegacyFX's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CySEC · Cyprus | Foris Capital CY Ltd (ex A.N. Allnew Investments Ltd) | 344/17 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here.
The record behind these numbers
- The CySEC register lists licence 344/17 (licence date 27/11/2017, company registration 348194) under the name 'Foris Capital CY Ltd (ex A.N. Allnew Investments Ltd)' at 47 Ioanni Kondylaki Street, Q Tower, Larnaca.
- The register entry's approved trade name is 'Crypto.com', the approved domain is crypto.com/eea/financialservices and the compliance contact is compliance.cy@crypto.com.
- Finance Magnates reported (syndicated via TradingView, 2025) that Crypto.com acquired the CySEC-licensed firm behind the LegacyFX brand to secure a MiFID licence.
- The legacyfx.com domain returned an HTTP 522 (origin connection timed out) when checked on 2026-09-02.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: founded year not verified — directories claim 2004 or 2012; no primary source seen; minDeposit, maxLeverage, spreadEurusd, platforms, accountTypes and instruments not verifiable — legacyfx.com was down (HTTP 522) at check and directory figures are not primary; segregatedFunds and negativeBalanceProtection not verified — no accessible own legal text; VFSC licence 14579 and Minsk registration 193180778 are directory/fxnewsgroup claims only — no primary register check succeeded; current CySEC licence status not verified against a dated status statement; the register lists the entity under its new name with the Crypto.com trade name. Confidence in this file overall: low. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.