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LegacyFX Sign Up Bonus

LegacyFX does not offer Kenyan traders a sign-up bonus. 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.

Updated : October 13, 2022

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005 regulations book

Sign Up Bonus

005 feature selection

Referral Bonus

001 cash withdrawal

Additional Broker Bonuses

004 review

Pros and Cons

008 auction

Final Verdict

001 question

FAQ

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Sign-up Bonus

LegacyFX   Overview

👉 LegacyFX does not offer a sign-up bonus.

 

👉 When Botswanans register a LegacyFX real account, they are not offered either for the following:

➡️ Deposit Bonus

➡️ Welcome Bonus

➡️ Sign-up Bonus

➡️ No-Deposit Bonus

 

👉 Currency trading is all about investing small amounts and speculating on the price of an asset, aiming for the best outcome. A rapid change in the financial markets or an additional service provided by your licensed broker might result in this possibility.

 

👉 Brokerage firms use these forex incentive schemes as promotional freebies to attract new traders. Traders are often eligible for the Forex bonus when they establish an account, make a deposit, or begin trading. It might be a set sum or a proportion of the original investment.

 

👉 Traders who have authenticated their information and activated their accounts are offered incentives known as sign-up or welcome bonuses, with or without an initial deposit. According to the bonus terms and conditions, a deposit bonus is awarded to traders who have made a particular amount.

 

👉 A no-deposit bonus is one of the best ways to reward traders with credit that they may use without making an initial deposit. This trading credit may be used to test trading ideas, understand the platform, and practice trading.

Referral Bonus

LegacyFX Bonuses and Promotions

👉 LegacyFX has a referral bonus.

 

👉 Traders can select to participate in the referral bonus by receiving their referral link from LegacyFX customer support. This benefit may be used as follows by Botswanan traders: 

➡️ After getting their special code, traders can share the link to Facebook, Twitter, and other social networking sites. Botswana citizens can transmit this link over WhatsApp or SMS.

➡️ According to LegacyFX’s three-tiered commission system, Botswanan traders may earn a commission.

Additional broker bonuses, promotions, and rewards

👉 LegacyFX offers a broker bonus in addition to a trading bonus.

 

👉 LegacyFX offers a “Zero fees” incentive for traders who incur costs while making deposits and withdrawals. If this happens, LegacyFX will reimburse traders accordingly.

 

👉 Additionally, there is a volume-based loyalty program for dedicated customers. Traders may be categorized as Intelligent, Wise, Expert, or Genius. Traders may get gifts, gift cards, phone consultations with a senior account manager, access to specialized data, and more.

 

👉 Loyal customers may access the loyalty program registration form on the LegacyFX website’s “Promotions” page. Traders may also opt for this program by giving their personal account manager written consent.

 

👉 Botswana residents must meet the following requirements to qualify:

➡️ Within one month of registration, traders must have an active account with transactions and broker communication.

➡️ An account must comply with all KYC rules, and the trader’s identity and address must be validated.

➡️ Traders must have met the minimum requirements for the program’s entry-level tier.

➡️ Botswanans must read and agree to the terms and conditions of LegacyFX and the bonus

Overall Rating

Min Deposit

Regulators

Trading Desk

Crypto

Yes

Total Pairs

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

LegacyFX Pros and Cons

✔️ Pros❌ Cons
Botswanans can expect commission-free trades when they deal with LegacyFXLegacyFX 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 optionLegacyFX has a limited range of financial instruments
Gold, Silver, and Platinum accounts are not subject to overnight feesInactivity fees are applied to all dormant accounts
Beginners have access to a range of comprehensive educational materialsBotswanans 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

Does LegacyFX have a minimum deposit requirement to become eligible for the referral bonus?

No minimum deposit is required to qualify for the LegacyFX referral bonus.

 

Can I get a welcome bonus when I register an account with LegacyFX?

No welcome bonus is offered when you register a real account with LegacyFX for the first time.

 

Can my LegacyFX demo account qualify for a bonus?

Demo account holders are not considered eligible for any of the LegacyFX bonuses.

 

Must I verify my LegacyFX account before I can opt for bonuses?

Yes, your account must be approved by LegacyFX before you can become eligible for bonuses.

 

Will there be a sign-up bonus once I verify my LegacyFX account?

There is no sign-up bonus when new traders register a real account or after they have verified their details.

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