LegacyFX deposit amount required in order to open a broker account is $500 / R 7 996,05. LegacyFX has a very high minimum deposit when compared to most other brokers in the industry.
LegacyFX at a Glance
| 🔎 Broker's Name | LegacyFX |
| 📍 Headquartered | Larnaca Cyprus |
| 📅 Year Founded | 2012, rebranded in 2017 |
| ⚖️ Regulating Authorities | CySEC, MiFID, VFSC, BaFin, FCA, and NBRB |
| 🌐 Countries not accepted for trade | USA, Israel, Iran, Syria, Afghanistan, Myanmar, North Korea, Somalia, Yemen, Iraq, Sudan, South Sudan, British Columbia, Ontario, and Manito |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:200 |
| 💰 Minimum Deposit | $500 / R 7 996,05 |
| 💳 Deposit Options | Neteller, Skrill, Wire transfer, Visa/Mastercard, Bitcoin, MyFatoorah |
| 💳 Withdrawal Options | Neteller, Skrill, Wire transfer, Visa/Mastercard, Bitcoin, MyFatoorah |
| 💻 Platform Types | MT5 |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad |
| 📈 Tradable assets offered | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| 👨💼 Languages supported on Website | English, Arabic, Spanish, German, Russian |
| 👥 Customer Support Languages | English, Arabic, Spanish, German, Russian |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 500
Regulators
CySEC, MiFID, VFSC, BaFin, FCA, NBRB
Trading Platform
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LegacyFX Minimum deposit – 9 key points quick overview:
LegacyFX at a Glance- LegacyFX Minimum deposit – 9 key points quick overview:
- LegacyFX Minimum Deposit
- LegacyFX Deposit fees and deposit methods
- A step-by-step guide to LegacyFX depositing the minimum amount
- LegacyFX Customer Reviews
- LegacyFX Pros and Cons
- Conclusion
- Frequently Asked Questions
LegacyFX Minimum Deposit
LegacyFX has a minimum deposit requirement of $500 for a Silver account, $5 000 for a Gold account, and $25 000 for a Platinum Account.
This minimum deposit amount was equivalent to ZAR 7 996,05 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
LegacyFX’s authorization as a broker and its regulatory authorities require that client funds must be kept in segregated accounts, separate from the broker account and that such funds could only be used by traders to conduct their trading activities.
LegacyFX Deposit fees and deposit methods
Compared to other brokers, the minimum deposit amount that Legacy FX requires when traders register a live account is quite high.
Legacy FX offers traders several payment or deposit methods which can be used when funding accounts. Withdrawals usually must be returned by the same method used to deposit and to the same bank account.
📍Legacy FX accepts the following payment methods and processing times vary according to deposit method:
Neteller – Instant
Skrill – Up to 30 minutes
Wire transfer – 1 – 3 days
Visa/Mastercard – Instant
Bitcoin – Up to a few hours
MyFatoorah – Up to a few hours
Legacy FX does not levy additional fees, but third-party charges may be applicable. USD, EUR, and GBP are accepted as deposit currencies. Traders must ensure that they verify whether their financial institution charges its own fees.
A step-by-step guide to LegacyFX depositing the minimum amount
Deposits can be made with LegacyFX using the following steps:
Traders can fund their accounts by sending the funds to one of the LegacyFX segregated clients’ accounts from their own bank account or execute the option to deposit the minimum amount from their personal area after a live trading account was registered and had been approved.
Step 1 – Log in
Traders then log into their personal area, select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
Step 2 –Make the deposit
Funds must be transferred in the same currency as the bank account to which they are sending them, to prevent currency conversion fees from being charged.
Min Deposit
USD 500
Regulators
CySEC, MiFID, VFSC, BaFin, FCA, NBRB
Trading Platform
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LegacyFX Customer Reviews
Why you should join LegacyFX and request to be under Max Berge?
I’ve been following LegacyFx’s free signals for quite some time now. At first, I wasn’t sure if the accuracy rate they claim is true or not. But after a couple of months of “research”, they were right about it. My belief in the increased and I was very happy to join them.
I funded my real account, and I was placed under Max Berge, a wonderful guy. I keep winning thanks to his signals, of course, there are SL hits (Nobody is perfect) but the profit is way more than the loss. Overall, he’s a good guy as well. Messages to ask if I am doing good, did I take the trade or not, and how much profit I made. I appreciate people who do this as it greatly increases the morale and understanding between each other. Thanks a lot, Max, hope to earn more with you.
Feel free to join LegacyFX free signals group, and evaluate yourself by doing what I did, checking their success and loss rate over a period of time, and then consider joining them for real. You won’t regret it!
Awesome I have never ever seen like withdrawal…
Awesome I’ve never ever seen like withdraw funds reach my bank account I just say a few words Superrrrrrrrrrr ❤❤❤❤❤❤🙏🙏🙏🙏🙏🙏
Ahmed Mohammed Ghouse
I have seen great profits that I never…
I have seen great profits that I never imagined even though I am a beginner, it’s all thanks to Legacy Fx and Daniel Ray the guy who contacted me. Now I will pay off my debt faster than I thought. Do not hesitate that 250$ is strictly for you to start trading nothing else.
LegacyFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Accounts have negative balance protection | Conditions vary according to brokers’ regulation |
| Client funds segregated from company assets | Does not accept clients from the US or Canada |
| Regulated by several authorities | High minimum deposit |
| Several deposit methods are available | Only MT5 available as a trading platform |
| Swap-free account available for all clients | Withdrawal Wire transfer fee charged |
Conclusion
LegacyFX deposit amount required in order to open a broker account is $500 / R 7 996,05. LegacyFX has a very high minimum deposit when compared to most other brokers in the industry.
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You might also like: LegacyFX Sign-up Bonus
Frequently Asked Questions
What is the minimum deposit required to open an account with LegacyFX?
$ 500.
How do you make a deposit and withdraw money with LegacyFX?
LegacyFX offers the following deposit methods:
- Neteller
- Skrill
- Wire transfer
- Visa/Mastercard
- Bitcoin
- MyFatoorah
The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.
Does LegacyFX charge withdrawal fees?
LegacyFX does not charge any closure fees for withdrawals, but they do pass any additional costs onto the client. There is a 150 minimum withdrawal amount in the chosen currency for bank transfers and no minimum for other methods.
How long does it take to make a withdrawal?
Withdrawals take 3 – 5 business days to process.
Are my deposits safe with LegacyFX?
LegacyFX is also regulated by CySEC, MiFID, VFSC, BaFin, FCA, and NBRB, and apart from offering trade in forex, indices stocks, and commodities, it provides extensive security for clients’ funds.
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