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Land-FX is a global Forex broker that offers online trading of currency pairs, commodities and indices on the MT4 and MT5 trading platforms. The broker provides reliable execution of transactions, low spreads, a variety of trading accounts that include social trading andPAMM accounts.
Land-FX brokerage company was founded in 2008 by financial market experts with many years of practical experience. Land-FX broker is headquartered in London and has offices in New Zealand, Singapore, Malaysia, China and the Philippines. Currently, the broker has about 10,000 clients from all over the world.
What is the Land-FX broker's business model?
Land-FX uses the STP/ECN brokerage model. To ensure competitive trading conditions, Land-FX uses the following liquidity providers:JP Morgan, UBS, Bank of America, Citibank, Morgan Stanley, Deutsche bank, BNP Paribas, etc. This allowed the broker to offer its clients narrow spreads and fast execution of trades.
Land-FX is a regulated broker?
The international offer of Land-FX is made through an offshore company in Saint Vincent and the Grenadines, regulated by the FSA. The broker is also regulated by the FCA in the UK through its UK division Land-FX UK Limited, as well as the FMA in New Zealand.
How are you protected?
Being under the control of these regulators obliges Land-FX to ensure the security of its clients ' funds, which must be stored in first-tier banks. These funds should be completely separated from the broker's own funds and should not be useduse Land-FX under no circumstances.
Client funds are additionally insured by the FSCS compensation Fund, where each client can file a claim for a maximum amount of £ 85,000 in the event of a broker's bankruptcy.
Land-FX is also part of the FSCL, an independent dispute resolution body aligned with the New Zealand FMA, where customers may be entitled to a maximum of $ 200,000 in compensation.
What is the maximum leverage in Land-FX?
Under the new requirements of the ESMA regulator, traders from the UK and the EU can be offered a maximum leverage of up to 1: 30 for the main Forex currency pairs. However, international traders can still use leverage of up to 1: 500 through the Land-FX offshore company in Saint Vincent and the Grenadines.
What trading accounts does Land-FX offer?
Land-FX offers its clients two types of accounts:
- Standard. This is an entry-level Land-FX account. You can open an account for at least $ 300. On this account there are no commissions, spreads start from 0.8 pips on the major currency pairs. The maximum allowed leverage is 1: 500. This account offers the MT4 and MT5 platforms, and you can also activate an Islamic account on request.
- ECN. This account is characterized by high transaction execution speed and more competitive spreads, as well as direct access to markets. Spreads on such instruments as EURUSD and GBPUSD start from 0 points. The Commission is 0.3 points per transaction on each side. Only MT4 is available on this type of account. the minimum Deposit is $ 2000 and the maximum leverage is 1: 200. Only 25 currency pairs are offered, and there are no Islamic options for this account.
In addition, the Land-FX broker offers a PAMM account system. Investors who want traders to manage their funds and trade on their behalf can choose a PAMM account Manager from the leaderboard based on their results and other indicators. Traders interested in managing accounts can also subscribe to the Land-FX PAMM account system and receive rewards from successful trading.
Land-FX trading platforms
In addition, Land-FX offers its clients social trading via the ZuluTrade platform. Clients can create an account, search for and copy trades from other traders (signal providers) via ZuluTrade. A minimum Deposit of $ 300 is required to access the social trading feature.
Land-FX trading tools
Currently, Land-FX offers 67 Forex currency pairs, 6 indices and 5 commodities on its platform.
What is the minimum Deposit in Land-FX?
The minimum Deposit in Land-FX is $ 300. No Commission is charged for deposits and withdrawals. In addition, there is a special prepaid MasterCard Land-FX card for customers. Withdrawals from a prepaid card are instant.
Land-FX is regulated by the FCA in the UK and the FMA in New Zealand, which ensure that the broker must comply with strict rules and regulations put in place to protect traders and investors. The broker also has offshore regulation for international clients.
Model ECN provides competitive prices, and the choice of MT4 and MT5 platforms is suitable for different trading styles and experience levels. A social trading partnership with ZuluTrade may also appeal to investors who don't have the time or experience to trade independently. Other investors who prefer managed accounts may be interested in a PAMM account system.
Despite the positive aspects of on the web broker's website is clearly not enough educational resources. In addition, the broker provides a limited selection of trading tools, and the requirement for a minimum Deposit of $ 300 can scare off novice traders.
However, before choosing a brokerage company, we recommend that you look at the rating of Forex brokers and read the reviews of Land-FX.
|General information of Land-FX|
|Year of foundation||2008|
|Headquarters||London (United Kingdom)|
|Trading platform||MT4, MT5|
|EURUSD spread||0.8 points|
|The base currency||EUR, USD, GBP, JPY|
|Assets||Currency pairs, indices, commodities|
|Deposit replenishment||Bank Transfers, Debit/Credit Cards, UnionPay, Skrill, Neteller, FasaPay|
|The fee for withdrawal||—|
|Payment for inactivity||—|
- The year of Foundation 2008
- Head office address 1 Filament Walk, Wandsworth, London SW18 4GQ, United Kingdom
- Maximum leverage
- Min. Deposit $
- Regulation FCA, SVGFSA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay, FasaPay
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay, FasaPay
- Number of trading instruments 67
- The number of CFD instruments 10
- The number of metals 2