LEGACY CAPITAL LTD Deposit & Withdrawal

LEGACY CAPITAL LTD operates the WB Invest brand (wbinvest.com), offering CFD trading on forex, indices, commodities, and shares. The broker is registered in Seychelles and holds a Securities Dealer licence from the Financial Services Authority (FSA) of Seychelles — a fact we have verified against the public register. Its FXCanary Scam Risk Score sits at 40/100, a ‘Guarded’ rating that reflects the high-risk offshore jurisdiction and the thin public trail of independent user reviews.

When we turned to the broker’s own website to examine its deposit and withdrawal arrangements, we found a striking lack of detail. The trading accounts page displays minimum deposits and base currencies, but the methods by which a client can actually move money are not disclosed. There is no dedicated ‘Funding’ or ‘Deposits & Withdrawals’ page, and the FAQ section — if one exists — offers no obvious answers. For a broker that invites the public to open live trading accounts, this silence is unusual and, in our assessment, a material shortcoming.

Typical offshore brokers in Seychelles often support bank wire transfers, credit/debit cards, and a range of e-wallets such as Skrill or Neteller. However, LEGACY CAPITAL LTD’s WB Invest site does not name even one deposit method. The trading account comparison table lists only the accepted base currencies — USD, GBP, and JPY — leaving a potential client to guess how to fund an account.

We scoured the licence and disclosures pages; they are silent on the mechanics of client money handling. The ‘Disclosures’ page contains a boilerplate risk warning and a mention of transaction fees, but the link to actual charges leads to a general product-cost page that does not break out deposit or withdrawal fees. This opacity is a red flag. Without clear, pre-account funding information, a new trader cannot make an informed decision about whether the cost and convenience of moving money meet their needs.

The broker structures its offer around three trading accounts: a ‘Casual’ account requiring just $50, a ‘Pro’ account at $1,000, and a VIP tier whose minimum is listed only as ‘enquire’. These amounts are in line with many offshore CFD brokers, but the $50 entry point is aggressively low and, combined with maximum leverage of 1:2000, suggests a business model aimed at attracting inexperienced retail traders.

The low barrier to entry can be deceptive. While a $50 deposit seems risk-free, the lack of transparency around withdrawal terms means that getting that money back — or any profits — may prove far more complicated than sending it. The VIP ‘enquire’ label is also worth noting: it often signals a high-net-worth tier with bespoke conditions, but without published minimums or benefits, it contributes to an overall impression that the broker is not forthcoming with hard numbers.

We were unable to locate a withdrawal policy, a request-processing timeline, or any guidance on how to get money out of a WB Invest account. In our experience reviewing hundreds of brokers, this is a serious gap. Reputable brokers typically publish a detailed withdrawal section, including cut-off times, processing windows, and any documentation requirements (such as proof of identity) that must be satisfied before a first withdrawal.

The absence of such information forces a prospective client to contact support — or, worse, to open and fund an account before learning the rules. It also raises the possibility that withdrawal terms are one-sided, with the broker retaining broad discretion to delay or deny payouts. Until LEGACY CAPITAL LTD makes its withdrawal process transparent, we consider this a significant risk factor.

From the trading accounts page, we can see the commission structure: the Pro account charges $8 per slide on Forex & Metals CFDs and on Crypto CFDs, while the Casual account advertises $0 commission across all instruments. Spreads on the Pro account start from 0.0 pips (raw spread model), while the Casual account starts from 1.0 pips. These numbers, however, are only part of the cost picture.

The broker does not disclose whether it levies inactivity fees, withdrawal fees, or currency-conversion charges. The ‘Disclosures’ page links to a transaction-fee schedule, but the link we followed did not provide a clear breakdown of non-trading fees. Industry databases and our own checks reveal no independent data on actual costs incurred by clients. In the absence of verified user complaints or testimonials, the true cost of trading — and especially of leaving or withdrawing funds — remains an unknown.

LEGACY CAPITAL LTD’s Seychelles licence is a genuine, active registration, but it does not afford clients the same protections as a top-tier regulator. The FSA does not operate an investor compensation scheme, and its oversight tends to be lighter than that of, say, the FCA or CySEC. This means that if the broker were to fail or engage in misconduct, retail clients would have limited avenues for recovery.

We also note that the broker explicitly states it does not serve clients in the USA or EEA, a pattern common among offshore firms seeking to avoid stricter regulatory regimes. While this is not inherently unlawful, it does concentrate the client base in jurisdictions where local regulators are less able to intervene. For a trader, the practical implication is that you are relying almost entirely on the broker’s good faith and the modest deterrent effect of FSA supervision.

Given the limited independent information available, we recommend a ‘test before you trust’ approach if you decide to proceed. Start with the minimum deposit — $50 on the Casual account — and do not commit more than you are willing to lose. Avoid the Pro and VIP tiers until you have successfully made several withdrawals without friction.

Request a withdrawal of a small amount soon after your first deposit, before you begin serious trading. This will let you gauge the broker’s response time, any hidden fees, and whether it asks for excessive documentation. Keep detailed records of all transactions, including screenshots of your client area, email correspondence, and bank statements. Use a payment method that offers a paper trail, such as a bank transfer or a card from a recognised institution, rather than an irreversible crypto transfer.

Finally, resist the temptation of ultra-high leverage. The broker’s maximum of 1:2000 can amplify losses as dramatically as gains, and without solid evidence of fair execution, such leverage often works against the retail trader. Trade small, stay cautious, and be prepared to walk away if the withdrawal process throws up red flags.

LEGACY CAPITAL LTD, trading as WB Invest, presents a textbook example of an offshore broker with a valid but weak licence and a website that lacks basic funding transparency. The absence of published deposit methods, withdrawal processes, and a clear fee schedule forces traders to make decisions in the dark. While we have found no direct evidence of fraud, the lack of independent user reviews means that we cannot verify whether the broker honours withdrawal requests fairly and promptly.

In our assessment, the combination of a Seychelles-only licence, extremely high leverage, and a bare-bones disclosure package earns a cautious ‘Guarded’ rating. Serious traders should compare this offering against brokers regulated in major financial centres, where client-fund protections and transparency requirements are far more robust. If you do engage with WB Invest, treat your deposit as high-risk capital and strictly follow the protective steps outlined above. Trust must be earned, and for LEGACY CAPITAL LTD, that process has not yet begun.