Land FX Review
What is Land FX?
The industry professionals with extensive experience in financial markets established Land FX. Currently, the broker serves worldwide branches located in New Zealand and China.Also the company is based in Cyprus. It also operates through an offshore entity. TriumphFX (TFXI), a broker based in Cyprus, is also available.
The broker is driven to offer the best services to clients and to help them grow in this fast-paced global financial marketplace.
Providing the best customer service and ensuring clients are treated fairly, not only according to the regulatory requirements but also the ECN trading process.
Broker: FX Land
Minimum deposit: $10
Leverage: 1:30
Regulator: FSA
Year: 2006
Platforms: MT4, MT5, Land FX MultiTerminal, ZuluTrade
HQ: UK
Land FX Licenses:
Landprime Ltd - Authorized by FSA (St. Vincent and the Grenadines), registration no. 23627
Overview
Land FX is a Regulated Broker with a strong record, good instrument selection and platforms that are suitable for Professional and Beginner options via Standard and ECN Accounts, as well as Social trading.
Cons: There are no comprehensive education resources and support available 24/7.
Pros
Cash prize demo competitions
Regulated & trustworthy
Social & copy trading
Competitive spreads
50+ forex pair
Cons
Withdrawal fees
No cryptocurrencies
No quick-access training webinars and tutorials
High minimum deposit on some payment methods
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.7
Awards
Land FX is it safe?
Land FX is considered a safe broker because it is regulated by the top-tier FCA authority. Although it is considered low-risk, CFD and Forex trading is possible through this broker. However, international proposals must be made via an offshore entity.
Is Land FX legal?
Land FX was established by the UK as a financial services company.which also has an authorization to keep Client Money under FCA CASS rules, is authorized and regulated the Financial Conduct Authority (FCA). Learn more about FCA brokers.
Client funds are protected in many ways. Client Money obligations must be followed. All funds are held in Barclays PLC as a custodial bank. The client is also a participant in the UK's Financial Services Compensation Scheme and Financial Ombudsman Service FOS (FOS), which provide investment protection and financial confidence.
Regulations
The FCA regulation is not applicable to Land FX. However, Land FX can provide investment services within the European Economic Area (EEA), provided that they have received passports from local EU authorities.
The international service is registered with Financial Services Authoritylocated offshore SVG, allowing it to offer trading services worldwide. Although we don't recommend trading with offshore broker, it is safe to trade in this environment due to Land FX regulatory obligation.
Leverage
The leverage levels offered by Land FX depend on a number of factors, including your account type, proficiency level, and where you live.
The maximum level Land FX can offer is 1:500 for Forex instruments. However, the ECN Account maximum limit is only 1:200 for global traders.
If you are a UK resident or European citizen, your account will automatically fall under ESMA restriction. This allows a maximum limit of 1:30 for major currency pairs, and even 1:10 to commodities.
Types of accounts
The account offering Land FX allows you to choose between two accounts that can be tailored to your trading needs. The Standard accountfeatures a wide range of trading products, and the STP execution model that has the lowest trading costs.
Land FX also offers the best pricing in ECN environment with Interbank quotes starting at 0 pip and the commission fee, which will be added on a fixed basis to the raw spread which is 0.3 pip per Lot.
How to open a new account
Trade Instruments
This market range includes 60 tradable foreign currency markets on CFDs that include Spot Metals, Oils, Indices and Commodities, and which cater to large and small market participants around the world.
Fees
FX Spread is determined by account type. You can choose either spread basis or ECN environment without a commission fee. Other fees such as funding or inactivity fees should also be considered.
Spreads
Trading with a Standard account may be difficult because of tight spreads. An ECN account, however, will allow you to trade with spreads starting at 0 but with additional commissions.
You can compare spreads between CFD brokers by looking at spreads for Standard accounts. The EUR/USD Standard spread is typically 1.4 and the ECN spread, 0.1 pip. You can also compare Land FX Spread and Fees with another BlackBull Markets company.
Rollover Land FX
A trading cost is also the rollover and swap, which are charged for positions that are held longer than one day. A rollover can be interpreted as either a refund or a charge depending on the order and the instrument. Below are examples of overnight charges.
Deposits and withdrawals
Land FX provides a range of funding options for trading accounts. All transactions can be done online and are secure.
Deposit Options
These are the most popular options.
Card transactions
ewallets Neteller Skrill, STICPAY and fasapay.
Bank wire transfer.
You can also request Land FX MasterCard which will allow you to withdraw funds from your trading account and fund the card.
What is the minimum deposit required for Land FX transactions?
Minimum deposit to open a Land FX Standard Account: $10. This includes any fees for fund deposit.
Land FX Minimum Deposit vs Other Brokers
Withdrawals
Land FX pays transaction fees when the deposit amount is greater than the minimum required by each method (e.g. Skrill, Neteller and STICPAY have a minimum of 5$. Popular options for withdrawing land FX are Bank Wire or e-wallets.
How long does it take for Land FX to withdraw my money?
Withdrawals can be requested quickly by Land FX, but it may take up to two days for the money to appear in the account.
Some methods also charge withdrawal fees, while others are completely free. e.g. Skrill charges 0.8%, fasapay, Cards and Cards will charge 1% for each transaction. WebMoney charges 0.8%. The trading volume that you use can affect the amount of transaction fees.
Platforms
Land FX's platform software is designed to meet the needs of both novice and experienced traders. You can choose to use either the MetaTrader4 or the exclusive Land FX platform, as well as the option to participate in a social trading environment using ZuluTrade.
Web Platform
MetaTrader4 doesn't need introduction as it is an industry standard. Its user-friendly interface combined with powerful trading features makes it easy to use. MetaTrader4 offered multi-asset trading from the Mobile, Tablet and computers, while MetaTrader5 offers more advanced capabilities with many other outstanding trading features.
Desktop Platform
The Land FX platform also has a MultiTerminal which is a great tool for traders who want to manage multiple accounts of MT4 through one interface. Land FX clients will appreciate the simple, but effective environment that allows them to execute multiple orders and manage PAMM.
The last option is AutoTrade platform, which allows you to manage your own investment portfolio. You can choose from a wide range of signal providers around the world, and execute real-time trades in your trading account.
Support for Customers
Land FX customer service can be reached via Live Chat and Email, in addition to the international phone lines that are available in different regions. Our Land FX Review service was responsive, professional and provided relevant answers. Traders were also satisfied with the quality of its services which is another plus.
Education
The broker offers a great trading environment, a stable system, and support through important updates and market news.
Although there are no formal education courses, you can use organized videos and analysis tools to help you understand Land FX proposal. For newbies, there are many trading ideas and social trade. For beginners, we recommend that you seek out better information and sign up for a comprehensive trading course. It is essential for your success.
Conclusion
Land FX Review concluded that the company has a solid, reliable set of operations globallyamongst a wide range of international countries. There are also a lot of trading options. Trader of all levels of expertise can access the broker's powerful trading capabilities. The instruments and software provide the STP execution model. However, it is important to confirm the conditions because international entities might offer different trading conditions.