Legend7 Review (legend7.com.tr Scam) – Forex Broker Reviews, Trading Platform Reviews

The Unveiled Truth: A Critical Review of Legend7 (legend7.com.tr) – A Scam Alert for Forex Traders

In this age of digital trading, the online forex market has become a battleground of sorts, with numerous brokers vying for the attention of novice and experienced traders alike. The sheer number of options can often lead to confusion, making it crucial for traders to exercise due diligence before committing to a particular broker. In this article, we will be reviewing Legend7 (legend7.com.tr), a relatively new and ambitious player in the world of forex trading, to separate fact from fiction and help our readers make an informed decision.

Background and Company Overview
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Legend7, a Turkish-based broker, was founded in 2020 with the goal of providing a robust and secure trading environment for both individual and institutional clients. The company boasts a highly capable team of experts with extensive knowledge in the field of finance and technology. Their primary goal is to empower traders to reach their full potential by providing access to a wide range of trading instruments, analytical tools, and a secure trading platform.

Trading Platform and Features
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Legend7’s trading platform, built-in-house, boasts an user-friendly interface that is easy to navigate, even for beginners. The platform offers margin trading, spot trading, and CFD trading for a range of financial instruments, including forex, cryptocurrencies, indices, stocks, and commodities. With a minimum deposit requirement of $100, Legend7 allows for flexible account types, including Classic, Gold, and Platinum, each offering distinct features and benefits.

The platform is mobile responsive, accessible via web browsers and mobile apps for both iOS and Android devices. Trading is capped at 50:1 leverage for forex and 20:1 for other instruments, a relatively standard setting in the industry. Unfortunately, the platform lacks the option for demo trading, which may deter some beginner traders.

Account Options and Funding
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Legend7 offers three account types, each with its distinct features and benefits. The Classic Account requires a minimum deposit of $100 and offers a 1:50 leverage, while the Gold Account, with a minimum deposit of $1,000, comes with a 1:100 leverage and additional benefits. The Platinum Account, with a minimum deposit of $10,000, offers the highest leverage (1:200) and exclusive VIP service.

Funding options include multiple methods, including credit/debit cards, wire transfers, and e-wallet