LegacyFX Account Types

LegacyFX offers a diverse range of account types tailored to meet the needs of various traders. There are seven retail investor accounts available, along with demo and Islamic accounts. The account types include:

• Standard Account
• Minimum Deposit: $500
• Spreads: Starting from 1.6 pips
• Commission: 0.45% on stocks
• Key Features: Commission-free trading on all instruments except stocks, access to a trading academy, live support, and the option to convert to a swap-free account.
• Bronze Account
• Minimum Deposit: $1,000
• Spreads: Starting from 1.6 pips
• Commission: 0.45% on stocks
• Key Features: Includes all Standard Account features plus auto-charting tools and 3 protected trades.
• Silver Account
• Minimum Deposit: $3,000
• Spreads: Starting from 1.6 pips
• Commission: 0.45% on stocks
• Key Features: Access to trading psychology, stock CFDs, basic analysis features, and basic mentoring by experts.
• Gold Account
• Minimum Deposit: $5,000
• Spreads: Starting from 1 pip
• Commission: 0.30% on stocks
• Key Features: 5 protected trades, access to premium ideas, and a direct dealing desk.
• Platinum Account
• Minimum Deposit: $10,000
• Spreads: Starting from 0.6 pips
• Commission: 0.30% on stocks
• Key Features: 7 protected trades, comprehensive trading plan, and advanced mentoring.
• Premium Account
• Minimum Deposit: $25,000
• Spreads: Starting from 0.6 pips
• Commission: 0.15% on stocks
• Key Features: All features of the Platinum Account with additional premium trading opportunities.
• VIP Account
• Minimum Deposit: $50,000
• Custom features based on trader requirements.
• Key Features: Tailored trading conditions and personal account management.

All accounts can be converted to Islamic accounts, which are swap-free and adhere to Islamic law principles.

LegacyFX Broker Account Opening Process

Opening an account with LegacyFX is a straightforward process that typically takes less than 30 minutes. Here are the steps involved:

• Visit the LegacyFX Website: Navigate to the official LegacyFX website to start the registration process.

• Fill Out the Registration Form: Provide your personal details, including your name, email address, phone number, and desired password. Choose your account type based on the minimum deposit you can afford.

• Submit Required Documents: Upload identification documents, such as a government-issued ID and proof of residency. A Taxpayer Identification Number (TIN) may also be required.

• Account Verification: Wait for account verification, which usually takes up to 24 hours.

• Fund Your Account: Deposit the minimum required amount through various payment methods, including credit/debit cards, bank transfers, and e-wallets.

• Start Trading: Once your account is funded, you can begin trading using the MetaTrader 5 platform, with access to various trading instruments.

For more details, you can visit the official LegacyFX website.