Exness Review
LegacyFX Fund Withdrawal Step by Step
Overall, LegacyFX offers a simple fund withdrawal process for Kenyan Traders.LegacyFX is considered low-risk, with an overall Trust Score of 75% out of 100. LegacyFX offers 7 retail investor accounts as well as a demo and Islamic Account.
- Lesche Duvenage
Jump to:
Fund Withdrawal Step by Step
Detailed Withdrawal Information
Terms and Conditions
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.1/5
Min Deposit
USD 500 / 6851 BWP
Regulators
CySEC, MiFID, VFSC, BaFin, FCA, NBRB
Trading Desk
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
LegacyFX Fund Withdrawal – 6 key points quick overview:
How to Withdraw Funds Step by Step
👉 Botswanan traders should know they cannot just take money out of their LegacyFX account whenever they want. However, when traders log into their LegacyFX accounts through the website, they can access their withdrawal options.
👉 Withdrawals based on the payment methods listed below are subject to the terms and restrictions listed below.
Withdrawals using Credit and Debit Cards
👉 Regardless of Botswanans’ withdrawal method, all withdrawal requests will be initiated through this channel.
👉 Any withdrawal request that includes a deposit and a profit will be split into two requests: one for the initial investment and one for the profits. Occasionally, the withdrawal request can be performed as a single request, depending on the needs of the third-party remitter.
Withdrawals through Electronic Gateway (Skrill, Neteller, etc.)
👉 Electronic gateways and e-wallets execute transactions from the wallet address where the first deposit was made.
👉 Profits can be sent through an e-wallet if a third-party remitter does not interpret a credit/debit card withdrawal request as a single transaction (as previously described). The withdrawal amount comprises both deposited cash and excess profits.
All other withdrawal methods
👉 After all available funds in a user’s credit card or electronic wallet have been withdrawn, the user may request a withdrawal using another method, such as a bank transfer.
Detailed Withdrawal Information for Traders
👉 Botswanan traders who maintain active trading accounts with LegacyFX should be aware of the following table, which details the available currencies, maximum deposits/withdrawals, and countries that can use each accepted payment method.
LegacyFX Payment Methods, Supported Currencies, Maximum Amount per Deposit/Withdrawal, Countries Allowed to use the method
| 🥇 LegacyFX | 🥈 HFM | 🥉 IC Markets | |
| Minimum Withdrawal Time | 3 to 5 working days | 10 Minutes | Instant |
| Maximum Estimated Withdrawal Time | 3 to 5 working days | 10 business days | Up to 14 business days |
| Instant Deposits and Instant Withdrawals? | No | No | Yes, on PayPal, Neteller, and Skrill |
Fund Withdrawal Terms and Conditions
👉 According to LegacyFX, all withdrawal requests will be processed within 3 to 5 business days. In addition, all withdrawals will be managed in the following order:
➡️ Credit/Debit Cards
➡️ Electronic Payments
➡️ All other payments
LegacyFX Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can expect commission-free trades when they deal with LegacyFX | LegacyFX does not currently offer BWP as a base currency, resulting in currency conversion fees |
| LegacyFX has Tier 1 and 2 regulations, making it a trustworthy option | LegacyFX has a limited range of financial instruments |
| Gold, Silver, and Platinum accounts are not subject to overnight fees | Inactivity fees are applied to all dormant accounts |
| Beginners have access to a range of comprehensive educational materials | Botswanans cannot trade individual shares, only CFDs |
| Botswanans can choose an account level according to their level of trading experience | |
| LegacyFX offers Trading Central and a range of other useful trading tools | |
| Negative balance protection is applied to retail accounts and investor protection is given to eligible clients | |
| MetaTrader 5 is available across different devices |
Verdict on LegacyFX
👉 Overall, LegacyFX is very competitive in terms of its trading fees and spreads.
FAQ
Can I withdraw my funds in BWP with LegacyFX?
Botswanan Pula is not a supported deposit currency.
How quickly will LegacyFX manage my withdrawal?
The withdrawal process takes three to five business days, and it may take longer for the funds to reach your bank account.
Does LegacyFX charge currency conversion fees?
Currency conversion fees are charged on all deposits and withdrawals in currencies other than the accepted base account currencies.
Which withdrawal methods can I use to withdraw funds from LegacyFX?
You can access several withdrawal methods with LegacyFX, including credit card, debit card, Neteller, Skrill, and others.
Are my funds secure with LegacyFX?
Yes, LegacyFX adheres to stringent FCA and CySEC requirements. All client funds must be stored in accounts with reputable banks.
