Reverse Losing Trades With LegacyFX Safe Mode
LegacyFX is allowing clients to undo losing trades, essentially providing a safety blanket for new investors. Up to seven trades can be reversed depending on the size of the initial deposit. We unpack the terms and conditions and explain how to activate Safe Mode.
How It Works
LegacyFX Safe Mode enables traders to cancel an order if they see the market moving against them. It can also give traders worried about opening a losing position the confidence to open a larger position.
The promotion is available to new users that open a live trading account with LegacyFX. The number of trades that can be reversed depends on the size of the starting deposit:
- $1000 deposit – first three trades, up to $50 each
- $5000 deposit – first five trades, up to $100 each
- $10,000 deposit – first seven trades, up to $150 each
Let’s say that Trader X deposits $5000 and closes his first five trades with the following results:
- Loss $80
- Profit $150
- Profit $250
- Loss $140
- Loss $175
LegacyFX would cover the full $80 loss on the first trade, $100 on the fourth loss and $100 on the fifth loss, bringing the total amount reimbursed to $280.
LegacyFX is a multi-regulated broker that holds licenses with the Vanuatu Financial Services Commission (VFSC), Cyprus Securities & Exchange Commission (CySEC), UK Financial Conduct Authority (FCA), National Bank of the Republic of Belarus (NBRB), and the BaFIN in Germany.
The trusted trading firm offers more than 250 instruments, including forex, stocks, indices, cryptos and commodities. Up to 1:200 leverage is available and margin requirements range from 0.5% to 20%.
Both fixed and variable spread accounts are provided with commission-free trading, except for stocks which are charged at 0.15% to 0.45% depending on the account.
LegacyFX offers the MetaTrader 5 desktop, web and mobile platform. MT5 is home to over 80 indicators and drawing tools, one-click trading, depth of market view, and an economic calendar.
Traders can fund new accounts using wire transfers, Visa and Mastercard bank cards, Skrill, Neteller, and several other e-wallets and local payment solutions. There are no deposit fees and most payment methods offer immediate account funding.
Sign up with LegacyFX today and activate Safe Mode to maximize your wins and minimize your losses.