Land FX Review 2024
Website: www.land-fx.co.uk
Min. Deposit: US$ 10
Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: FCA, FSA
Headquarters: UK
Founded: 2006
Updated on January 12, 2024
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In conducting our detailed review of Land FX, we utilized an extensive range of criteria and benchmarks. This process involved comparing the broker against over 1000 other brokers in the industry. Our evaluation covered various aspects, including trading platforms, instruments, fees, regulations, customer support, and more. This comprehensive approach ensures that our recommendations and conclusions are well-founded and reliable for traders seeking a trustworthy Forex broker.
Land FX stands out as a reputable global FX & CFD trading broker, offering access to the popular MT4 & MT5 platforms. Established by industry veterans with a rich background in the financial markets, Land FX has expanded its presence globally, with branches in several countries including New Zealand, China, Philippines, Russia, Singapore, Malaysia, Indonesia, Egypt, and its headquarters located in the UK. Additionally, the broker has operations established in Cyprus and through an offshore entity. Land FX's mission revolves around delivering top-notch services and innovative solutions to clients, fostering mutual growth in the fast-evolving global financial market. Achieving this goal, Land FX commits to the highest standards of customer service, ensuring clients are treated fairly, not just through regulatory compliance but also by enabling STP and ECN trading processes.
Pros
Land FX is a regulated broker with a commendable track record
Offers a good range of instruments
Provides platforms suitable for both beginners and professionals through Standard and ECN accounts
Supports Social trading
Cons
Lacks comprehensive educational resources
Limited to FX and CFDs in terms of instruments
Land FX Review Summary in 10 Points
Headquarters: UK
Regulation: FCA, FSA
Platforms: MT4, MT5
Instruments: Forex, Precious Metal, Commodities, Indices
EUR/USD Spread: 0.9 pips
Demo Account: Offered
Minimum deposit: $10
Base currencies: Several currencies
Education: Analysis and Research tool with Social trading
Customer Support: 24/7
Overall Land FX Ranking
Land FX, with its vast experience and industry expertise, is recognized as a reliable broker offering competitive trading conditions suitable for both novice traders and experts. This global brand provides lower-than-average spreads, enabling customers worldwide to benefit from its services. Based on our comprehensive testing and comparison with over 1000 brokers, Land FX's Overall Ranking is 8.2 out of 5.
Land FX has established itself as a leading figure in the trading community, earning numerous awards and positive reviews from traders. Continuously striving for excellence, they enhance their platform with more instruments and consistently improve service quality, setting new standards in the industry.
Yes, Land FX is considered a safe broker, thanks to its regulation by the top-tier FCA authority, marking it as a low-risk option for trading Forex and CFDs. However, the broker's international operations are conducted through an offshore entity. Despite this, Land FX's adherence to FCA regulatory obligations ensures a secure trading environment.
Is Land FX regulated?
As a financial service company based in the UK, Land FX is authorized and regulated by the Financial Conduct Authority (FCA), which also allows the broker to hold Client Money under the FCA CASS rules. This regulation is complemented by Land FX's authorization to provide investment services across the European Economic Area (EEA) with passports from local EU authorities. The broker's international entity is registered with the offshore Financial Services Authority in SVG, enabling it to offer trading services globally. While trading with offshore brokers is generally not recommended, Land FX's regulatory compliance with the FCA is deemed to provide a safe trading environment.
Our Conclusion on Land FX Reliability
Our Land FX Trust Score is 8.4 out of 5, reflecting the highest standards of financial compliance and reliable protection for investors against potential fraud or abuse through the UK entity. For international customers, services are accessible through its offshore entity, which is the only flaw in an otherwise secure trading record.
How are you protected?
Land FX ensures the safety of client funds through adherence to Client Money obligations, with all funds kept in Barclays PLC, a tier 1 bank, as a custodial account. Additionally, clients participate in the UK’s Financial Services Compensation Scheme (FSCS) and Financial Ombudsman Service (FOS) for unparalleled financial confidence and investment protection.
Leverage is a potent instrument that grants traders the opportunity to amplify their investment into larger positions in the forex market. This is achieved by borrowing funds from a broker, allowing for the enhancement of potential gains while managing risks by only incurring interest on the borrowed sum.
The leverage levels at Land FX are determined by the type of account a trader opts for, their proficiency level, and the jurisdiction in which the account is registered.
For traders utilizing the Land FX ECN Account internationally, the highest leverage offered reaches up to 1:200.
Accounts based in the UK and Europe are subject to the ESMA restrictions, which cap leverage at a maximum of 1:30 for major currency pairs and 1:10 for commodities.
Utilizing leverage effectively can significantly impact financial success. Nonetheless, it is crucial for traders to evaluate the associated risks and proceed cautiously to avoid potential financial setbacks.
Land FX provides a variety of account types to cater to diverse trading needs, including Standard, Prime, ECN, and Swap Free accounts.
The Standard account offers a comprehensive range of trading products and features STP execution with minimal spreads as the sole trading cost.
The Prime account boasts tight spreads without commission charges and ensures rapid execution.
Under the ECN account, Land FX delivers optimal pricing in an ECN environment with Interbank quotes starting from 0 pips. A fixed commission of 0.3 pip per lot is applied to the raw spread.
The Swap Free account is designed for traders who wish to comply with Sharia Laws. However, a swap fee is automatically applied to positions that remain open for more than a week.
Does Land FX offer a demo account?
Land FX's assortment of trading instruments encompasses over 60 forex markets on CFDs, including Spot Metals, Oils, Indices, and Commodities, serving a broad spectrum of market participants worldwide.
Rated 8.2 out of 10, Land FX excels in providing access to Forex and CFD instruments. However, it's worth noting that the selection can vary between entities, with a focus primarily on offering high-quality CFDs.
Land FX incorporates fees into the spreads, which vary according to the chosen account type. Traders have the option to select between a spread basis account or an ECN account that includes a commission charge.
There are no fees for deposits or withdrawals, but an inactivity fee is applied after a period of dormancy.
The rollover or swap fee, applied to positions held for more than a day, is also a consideration in trading costs. This fee can either benefit or cost the trader, depending on the instrument and the direction of the order. An overall rating of 8.3 out of 10, based on our evaluation compared to over 1000 other brokers, reflects Land FX's fee structure and commission rates.
Trading with a Standard account, clients can enjoy competitive spreads, while an ECN account offers spreads starting from 0, albeit with a commission applied. To aid in comparison with other CFD brokers, below are some examples of spreads for Standard accounts, with the typical EUR/USD Standard spread being 1.4, and the ECN spread at 0.1 pip. For a clearer perspective, you can compare the spreads and fees of Land FX to another reputable company, BlackBull Markets. In our extensive comparison to over 1000 brokers, Land FX's spreads have been awarded an overall score of 4.2 out of 5, as we discovered forex spreads significantly lower than the industry standard, which generally sits at around 1.2 pips. Other spreads provided by the broker are also favorable, as detailed in the comprehensive table of spreads available.
Land FX offers a variety of methods for funding your trading account, prioritizing ease, security, and convenience. All transactions are facilitated through the online account area.
Deposit Options
The most common options for deposit include:
Card transactions
ewallets such as Neteller, Skrill, STICPAY, fasapay, Perfect Money
Bank wire transfer
Additionally, Land FX provides the option to request a Land-FX MasterCard, offering a seamless way to fund and withdraw from your trading account directly. We have ranked Land FX Funding Methods with a score of 4 out of 5. The broker's fees are minimal or nonexistent, with no deposit/withdrawal fees required, allowing for deposits in various base currencies. The minimum deposit stands at an average level.
The minimum deposit required to open a Land FX Standard Account is only $10, which is significantly lower compared to the $500 often required by most other brokers.
Withdrawals
Land FX covers transaction fees for deposits that exceed the minimum requirement set by each method, with popular withdrawal options including Bank Wire and e-wallets.
Withdrawal times at Land FX are typically expedient, though it may take a couple of days for funds to reflect in your account. Some methods may incur withdrawal fees, while others are free of transaction charges. For example, Skrill charges a 1% transaction fee, whereas fasapay and Cards process withdrawals without fees, and WebMoney charges 0.8%. Transaction fees may be reduced based on your trading volume.
Land FX's platform offering is designed to meet the needs of both demanding and novice traders, with options including the industry-leading MetaTrader4 or its newer version, MetaTrader5. In comparison to over 1000 brokers, Land FX Platforms have been rated 4.3 out of 5, showcasing a robust offering that includes the revered MetaTrader suite, a standard within the industry.
Web Platform
MetaTrader4, recognized for its user-friendly interface combined with powerful trading features, does not require an introduction. The MT4 platform offers multi-asset trading capabilities across PC, Mobile, or Tablet, while MetaTrader5 provides even more advanced features and additional impressive trading functions.
Desktop Platform
The Land FX platform includes a MultiTerminal, perfect for traders aiming to manage multiple MT4 accounts from a single interface. Clients will find a powerful, yet easy-to-navigate environment offering extensive MT4 capabilities, including the execution of multiple order types and PAMM account management. Additionally, the AutoTrade platform allows for social trading, granting users the ability to create and manage their investment portfolios by selecting from a global pool of talented signal providers, facilitating real-time trades in their own accounts.
Land FX's customer support is accessible through various channels, including international phone lines, Live chat, and emails. In our assessment, the responsiveness and professionalism of the Land FX customer service were notable, with swift and knowledgeable answers contributing to a satisfactory experience. The quality of customer support has earned Land FX an excellent rating of 4.5 out of 5, standing out for its accessibility and the quality of assistance provided during working days.
Land FX ensures an optimal trading environment, supported by a stable system for every transaction and assistance through market news and important updates. While the broker does not offer educational courses, organized videos and analysis tools are available to aid in understanding recent market developments. Trading ideas and social trading options also present valuable resources, particularly for beginners. However, for those new to trading, we recommend seeking high-quality information and comprehensive trading courses to deepen understanding crucial for success. Land FX Education has been scored 3 out of 5, as the broker does not provide substantial educational material, prompting traders to look for alternative third-party education providers.
Concluding our review, Land FX emerges as a strong and reliable broker with a global presence and a wide array of trading opportunities. The broker offers powerful trading capabilities suitable for traders at any expertise level, backed by instruments and technological software that support an STP execution model. However, it's important to verify specific conditions as international entities may offer slightly different trading conditions.
Land FX presents various account options catering to different trading styles, with the low minimum deposit requirement of just $10 making it accessible for traders to explore all available instruments and venture into online trading. According to our extensive research and expert opinions, Land FX is highly recommended for:
Beginner Traders
Professional Traders
FIX API Trading
EAs running
Copy Trading
Scalping / Hedging Strategies
Traders who prefer MT4 or MT5 platform
Raw Spread Trading
Currency and CFD Trading
MAM/PAMM Trading
Suitable for a Variety of Trading Strategies
