Legal
Please read these Terms of Service carefully before opening an account or using any service provided by Africa Legacy FX. By accessing our platform, you agree to be bound by these terms.
Last updated: 1 January 2025
In these Terms of Service, “Africa Legacy FX,” “the Company,” “we,” “us,” and “our” refer to Africa Legacy FX Ltd. “Client,” “you,” and “your” refer to any individual or entity that registers an account or uses our services. “Platform” refers to the trading platform(s) provided or made available by Africa Legacy FX. “Services” refers collectively to all trading, investment, educational, and support services offered by Africa Legacy FX.
By registering an account, accessing our platform, or using any of our services, you confirm that you have read, understood, and agree to be legally bound by these Terms of Service, our Privacy Policy, our Risk Disclosure Statement, and any other policies or agreements referenced herein or made available to you during the account opening process. If you do not agree with any part of these terms, you must not use our services.
To use Africa Legacy FX services, you must:
To open a trading account, you must complete our registration and Know Your Customer (KYC) process. You agree to provide accurate, current, and complete information and to update it promptly if it changes. Africa Legacy FX reserves the right to verify all information provided, to request additional documentation at any time, and to refuse, suspend, or close any account where the Company has reason to believe the information provided is inaccurate, incomplete, or misleading.
You are responsible for maintaining the confidentiality of your account login credentials. You must not share your password with any third party. Africa Legacy FX is not liable for any loss or damage arising from unauthorised use of your account. You must notify us immediately at support@africalegacyfx.com if you suspect any unauthorised access to your account.
Africa Legacy FX provides access to forex and related financial instruments for trading purposes. All trades are subject to the terms set out in the Client Agreement and the relevant product specifications. Execution of orders is subject to market conditions, available liquidity, and the Company's order execution policy, which is available upon request.
Africa Legacy FX operates as a market maker and/or STP (Straight Through Processing) broker depending on the account type and instrument traded. Details of execution models are disclosed in the relevant account documentation. The Company may hedge client positions in the interbank market or with other liquidity providers at its sole discretion.
Minimum deposit requirements, accepted payment methods, processing times, and applicable fees are detailed in the Company's Schedule of Fees, available on the website. Africa Legacy FX reserves the right to amend fees at any time with reasonable notice. Withdrawals will only be made to the same source as the original deposit where possible, in compliance with AML regulations. Processing times for withdrawals may vary depending on the payment method and applicable verification procedures.
Clients are responsible for any bank or transfer fees charged by their financial institution. Africa Legacy FX is not responsible for delays caused by third-party payment providers or banks.
Where Africa Legacy FX offers copy trading or managed account services, clients acknowledge that the performance of any signal provider or portfolio manager is historical and does not guarantee future results. Clients who subscribe to copy trading programmes remain the account holders of record and bear full responsibility for all resulting trades. Africa Legacy FX makes no representation as to the suitability, accuracy, or profitability of any signal provider. Clients may disconnect from any copy strategy at any time, subject to any open positions.
You must not use our services to:
Africa Legacy FX reserves the right to investigate suspected violations and to take appropriate action, including account suspension, termination, reversal of transactions, and reporting to relevant authorities.
All content, trademarks, logos, software, data, and materials available on the Africa Legacy FX website and platform are the intellectual property of Africa Legacy FX Ltd or its licensors. You are granted a limited, non-exclusive, non-transferable licence to access and use the platform solely for your personal trading purposes. You may not reproduce, distribute, modify, reverse-engineer, or create derivative works from any part of our platform or content without our prior written consent.
To the maximum extent permitted by applicable law, Africa Legacy FX, its directors, officers, employees, and agents shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including but not limited to loss of profit, loss of data, loss of goodwill, or business interruption arising from or in connection with your use of our services, whether based on contract, tort, or any other legal theory, even if Africa Legacy FX has been advised of the possibility of such damages. In no event shall the total aggregate liability of Africa Legacy FX to any client exceed the total amount of funds held in that client's account at the time the claim arises.
You agree to indemnify, defend, and hold harmless Africa Legacy FX, its affiliates, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses, including legal fees, arising out of or in connection with your use of our services, your breach of these Terms, your violation of any law or regulation, or your violation of any rights of a third party.
Either party may terminate the client relationship at any time in accordance with the Client Agreement. Africa Legacy FX reserves the right to immediately suspend or terminate your account without notice where it determines, in its sole discretion, that you have breached these Terms, provided false information, engaged in prohibited activities, or where it is required to do so by law or regulatory direction. Upon termination, any open positions may be closed at the prevailing market rate and any remaining balance will be returned to you subject to applicable verification and regulatory requirements.
These Terms of Service shall be governed by and construed in accordance with the laws of the jurisdiction in which Africa Legacy FX Ltd is incorporated. Any dispute arising from or in connection with these Terms shall first be submitted to Africa Legacy FX's internal complaints procedure. If unresolved, disputes may be referred to the relevant financial regulator or arbitration body in accordance with applicable law. You agree to submit to the exclusive jurisdiction of the courts of our jurisdiction of incorporation for any matter not resolved through the above process.
Africa Legacy FX reserves the right to amend these Terms of Service at any time. Material changes will be communicated to clients with reasonable notice via email or platform notification. Continued use of our services after the effective date of any amendment constitutes acceptance of the updated Terms.