LegacyFX Account Types Reviewed ☑️ (Updated 2023)

LegacyFX offers four different account types, Silver, Gold, Platinum, and VIP accounts. The minimum deposit required to open an account is $500 / R 7 996,05.

LegacyFX at a Glance

LegacyFX Account types – 11 key points quick overview:

1. LegacyFX at a Glance
2. LegacyFX Account types – 11 key points quick overview:
3. LegacyFX Overview
4. LegacyFX Account Types
5. LegacyFX Account Features
6. LegacyFX Demo Account
7. LegacyFX Islamic Account
8. LegacyFX Customer Reviews
9. LegacyFX Pros and Cons
10. Conclusion
11. Frequently Asked Questions

LegacyFX Overview

LegacyFX is a forex broker company in Cyprus that provides traders with access to platforms that allow them to buy and sell foreign currencies.

LegacyFX was founded in 2012 and is based in Larnaca. The broker is now being owned and operated by All New Investments Ltd. (AN) and in 2017, LegacyFX rebranded and relaunched its services accordingly.

With its office in Larnaca, Cyprus LegacyFX is regulated by several authorities to provide extensive security for clients’ funds.

LegacyFX is authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license No. 344/17. A.N All-New Investment Limited.

LegacyFX is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) under Registration Number: 348194 A.N All-New Investment Limited.

LegacyFX is authorized and regulated by the UK Financial Conduct Authority (Registration Number: 797343).

LegacyFX is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under Registration Number: 14579.

LegacyFX is authorized and regulated by the National Bank of the Republic of Belarus (NBRB) under Registration Number: 193180778N All-New Investment Limited.

All New Investments Ltd. is a corporate operator that is registered as a CIF and is a member of the Investor Compensation Scheme.

LegacyFX provides currency pairs, metals, commodities, stocks, and indices for trading across multiple devices on its platform and its website is available in many different languages.

LegacyFX has accumulated several awards during its years of service to traders, including as Best Forex Broker in the Middle East, at the Daily Forex.com 2019 awards, Best STP/ECN Forex Broker, at the AtoZ Markets 2020 awards, and Best Broker of 2019, at the PipsoFX.com 2020 awards.

LegacyFX Account Types

LegacyFX offers four different account types, Silver, Gold, Platinum, and VIP accounts. The minimum deposit required to open an account is $500.

The accounts offer the same basic features, including swap-free trading which is a benefit to traders. Unfortunately, traders can only benefit from mobile trading when they hold a Platinum account. Technical analysis and educational tools are available for all types of accounts.

LegacyFX also provides Islamic Accounts for those who prefer a no-interest income.

LegacyFX Account Features

?LegacyFX Silver Account

This type of account can be opened with a minimum deposit of $500, and the spread of the account starts from 1.6 pips.

?LegacyFX Gold Account

This account requires a minimum deposit of $5 000 and has spread from as low as 1.0 pips.

?LegacyFX Platinum Account

This account type requires a minimum deposit of $25 000 and the spread can be as low as 0.6 pips.

?LegacyFX VIP Account

The top-tier VIP account requires a deposit of $50 000, and traders can customize their accounts.

LegacyFX Islamic Account

LegacyFX does offer traders who follow Sharia law the option of an Islamic Account.

Often an Islamic account is provided as an option where traders can convert their live trading account to an Islamic Account, or in other cases, it is a standalone account with a separate application procedure.

The LegacyFX Islamic account adheres to the principles of Islamic law regarding banking activity and Riba (interest). It is an interest-free or swap-free account type, for those who, for religious reasons cannot trade on interest/swap-incurring accounts. However, account holders will still enjoy all the benefits of all the Account Types offered by LegacyFX, their same spreads, and the same trading conditions.

LegacyFX Demo Account

? A Demo Account with a virtual balance of $50,000 is also available. LegacyFX offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:

• A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
• Traders who want to evaluate and compare brokers would like to explore LegacyFX’s trading conditions in a risk-free environment.
• Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.

LegacyFX Islamic Account

The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.

Overnight fees are charged when traders hold positions open for longer after the trading day has concluded. This type of account allows exemption from such fees or interest, should traders hold positions open for longer.

Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.

Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.

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 and nothing else.

LegacyFX Pros and Cons

Conclusion

LegacyFX offers four different account types, Silver, Gold, Platinum, and VIP accounts. The minimum deposit required to open an account is $500 / R 7 996,05.

You might also like: LegacyFX Review 

You might also like: LegacyFX Demo Account

You might also like: LegacyFX Fees and Spreads

You might also like: LegacyFX Islamic Account

You might also like: LegacyFX Minimum Deposit

You might also like: LegacyFX Sign-up Bonus

Frequently Asked Questions

How many instruments can I trade with LegacyFX?

You can trade several different instruments with LegacyFX, which include the following:

• Forex – 40+ majors, minors, and exotics
• Indices – 12 major and minor global indices
• Precious Metals – 7 metals including gold and silver
• Cryptocurrencies – Bitcoin, Ethereum, Litecoin, and Ripple
• Commodities – 11 agriculture, energy, and other commodities
• Stocks – Dozens of global equities from Germany, the USA, the UK, and more

Does LegacyFX have ZAR accounts?

No LegacyFX does not have  ZAR Account Currency

Does LegacyFX offer leverage?

Yes, LegacyFX offers maximum leverage from 1:5 to 1:200 depending on the asset traded.

Are there any apps available for a LegacyFX trading account?

MetaTrader5 iOS is a full-fledged trading app for iOS-powered mobile devices.

What is the overall rating out of 10 for LegacyFX?

7/10.

Featured SA Shares Writer and Forex Analyst.