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Legends Financial Company Review | Is It a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
Legends Financial Company - logo

Legends Financial Company offers to create a better future today, rather than wait for it to come. According to the company’s owners, all that is needed is to open a trading account with the broker and join the community of 415,000 active traders. Each of them is promised comfortable trading conditions, complete safety, and fairness when conducting financial transactions. However, it’s better to check these generous promises. To do this, we will find and analyze information about the project and reviews from real customers. We need to make sure that it is not a scam.

Highlights

🏛️ Country UK
⚠️ Regulation
🖥️ Website https://www.legendsfinancialltd.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit £100
⚖️ Minimum and Maximum Leverage 1:2 – 1:100
⚙️ Trading Platform WebTrader
📨 E-mail support@legendsfinancialltd.net
📞 Phone +442080974030

First Impression of Legendsfinancialltd.com

So, the official website of Legends Financial Company is available in English, Polish, and Russian languages. The platform’s functionality is limited to sections with template information. The details about the company’s history raise some doubts. There is quite a lot of advertising of the company’s profits and advantages. However, at least there is information about the managing company in the footer.

Legends Financial Company - website

Partnership and Bonuses

It doesn’t seem like Legends Financial Company has an official partner program, but they do offer bonuses depending on the type of account you choose. These bonuses can go up to 50%. However, it’s important to note that bonuses often come with strict terms and conditions that traders should carefully review before accepting them. Some bonuses may require a certain level of trading volume before they can be withdrawn.

Account Opening on Legendsfinancialltd.com

To create an account with Legends Financial Company, you should click the “Get Started” button on the main page. During the registration process, you will need to provide your email, some personal information, and phone number. The broker does not require email or mobile phone number verification, which raises concerns about the company’s commitment to security.

Registration

In your Client Portal, you will be able to update your personal information, change your password, review your transaction history, and make deposits. The platform also includes tabs for verification, fund withdrawals, and contacting customer support.

Legends Financial Company - Client Portal

Verification

Legends Financial Company may require several documents from you, particularly to confirm your identity and residency. At the initial stage, it may only ask you for color copies of these documents, which you can upload to your personal account. Additionally, whenever you start a withdrawal, you will need to fill out a DOD.

Pros
  • A convenient way to upload documents.
Cons
  • The broker requires quite a lot of documents.

Trading Software

Legends Financial Company offers a standard web trader platform, which is rather disappointing. We have come across this terminal being used by numerous other brokers and do not agree with their assertion that it is the best software available. In fact, it has very basic capabilities and limited features. Additionally, the broker does not have a desktop terminal or a downloadable mobile app.

Features Legends Financial Company Fin Reserve Spotinvest
Demo Account
Mobile App
Own Development

How Can I Trade With Legends Financial Company?

Even though the official website does not seem to us to be something worthy of attention, we will still give the broker a chance. Maybe its trading conditions will impress us.

All Info About Accounts

Legends Financial Company provides four account types with a low minimum deposit of just 100 pounds. Nevertheless, if you choose the Beginner account, you will encounter limitations in trading instruments and high commissions, which make trading difficult.

To access more trading instruments, you have to deposit a considerable amount of 5,000 pounds for basic assets that are not even specified by the broker. To gain access to all trading instruments, you have to choose the Platinum account and deposit at least 50,000 pounds. This account type comes with services like trading signals and high leverage.

In general, the broker’s trading conditions are mediocre. We definitely wouldn’t choose Legends Financial Company.

Pros
  • Low minimum deposit.
Cons
  • High leverage
  • Questionable additional services
  • Limits for traders.

Market Analysis and Education With Legendsfinancialltd.com

Legends Financial Company offers extra services like analyst reports and trading signals, but these are only accessible in the premium account types. As you understand, that requires a significant investment. The bonuses offered to account holders are not as beneficial as they may seem. They require substantial effort to acquire. By the way, the broker can confiscate any profits earned from these bonuses.

Deposit, Withdrawal, and Fees

Legends Financial Company claims to offer various deposit methods for traders, including Visa/MasterCard and bank transfers. However, the process of funding your account is not as simple as it seems with other brokers. Once you specify the deposit amount, a manager will contact you, and it is unclear why this extra step is necessary. Seems that the broker wants to have a conversation with you before you deposit any funds. You should understand that this may lead to their representatives pressuring you to deposit a larger amount.

Features Legends Financial Company Spotinvest Stockoza
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️ ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

Legends Financial Company provided an email address, phone number, and office address for contact purposes. However, it should be noted that the office address is fake. It is used by some other brokers, which we will discuss later. Furthermore, it is different from the official address listed in the company’s profile.

Pros
  • Full contacts.
Cons
  • Fake address.

Is Legends Financial Company Dangerous?

The website of Legends Financial Company raises doubts about the legitimacy of the broker and their willingness to work honestly with clients. Several facts continue to dispel the myth of the company’s reliability and honesty.

How Long Does The Broker Work?

Legends Financial Company presents statistics on 415,000 registered accounts and payouts to clients in the millions. However, in reality, the internet knew nothing about Legends Financial Company until the first months of 2023. This is confirmed by domain registration data, which was only purchased on January 18, 2023.

Domain info

How Is Legends Financial Company Regulated?

The creators of the Legends Financial Company website claim that the company is registered in Britain. However, checking the registry showed that the registration number belongs to Legend Financial Limited. The mismatch in names (Company instead of Limited) indicates that the “broker” has appropriated someone else’s data. In reality, there is no registration for them in the UK. Another argument is the inconsistency in the office address in the registry files and contact information.

Legal entity check

Moreover, British companies can only carry out brokerage activities with a license from the local regulator (FCA). The actual owner, named Legend Financial, has permission documents. However, they are issued for PSD (Payment Services Dealer) activities. Western Union Payment Services GB is the main service provider. There is no mention of trading on financial markets at all. Thus, Legends Financial Company is another self-proclaimed company without any declared firm or permission for trading operations on exchanges and the Forex market.

License check

Features Legends Financial Company StockHome Clark Financial
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Legends Financial Company?

To trade with Legends Financial Company, you will need to open an account with the broker and deposit funds.

Is Legends Financial Company Legit?

No, it’s not. Legends Financial Company doesn’t have the necessary licenses to operate as a broker. Besides, their legal information appears to be fake.

How Risky Is It?

Trading with an unlicensed scam is generally very risky. Save your money. 
Kevin Berry
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Expert Opinion

It’s important to note that Legends Financial Company is not an isolated scam operation. Many fraudulent companies use similar tactics, such as pretending to be a legitimate UK-based company. Some examples include Clark Financial or Overton Partners LTD. These scammers are like weeds, constantly sprouting up and trying to deceive unsuspecting individuals. The best defense against these types of scams is to do your research, stay informed, and always be cautious when it comes to investing your money.

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Legends Financial Company rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Legends Financial Company

Petsy April 7, 2023 - 22:03
I fell for a scam and lost $800.
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Legends Financial Company operates in a shady way and it’s very simple. You can deposit money here. Try to trade. Realize that with such terrible and inadequate conditions you won’t be able to trade. You try to withdraw money, but end up with even less than you deposited, as some of it was lost. And that’s it. The shop was closed at the moment when you confirmed the transfer here. In reality, the real money has been in the pockets of these anonymous scammers behind the creation of this pseudo-broker. The withdrawal doesn’t work. My money is lost. I’m sharing my sad experience with other people to save their deposits.

Reply
Diana April 11, 2023 - 19:08
Turns out there are no pros here
The level of trust

Thank God I never figured out how to deposit and trade. Due to my inexperience, I fell for this shitty company, registered an account, and was going to deposit money to trade currency pairs with leverage. I decided to ask an experienced trader to help me. He immediately pulled me away and told me to close the site and forget about this scam. He gave a bunch of arguments about why it’s impossible to trade here and why Legends Financial Company would have just taken my money.

Reply
Allen April 19, 2023 - 14:38
This is a simple website that pretends to be a broker.
The level of trust

I’ve already lost money in similar places before. The company was from the UK and had the same types of accounts and platforms. I have a feeling that there are many fake brokers like this. And they’re all scams. So be careful and work with companies that have a license from the FCA.

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