Founded in 2013, LAND-FX is a popular broker because of its overwhelmingly low commissions, which keeps other companies away.
Not only that, but due to the speed of executions and a lot of minor currencies handled, the number of traders using TITAN-FX are increasing especially who prefer scalping trading.
- Overview
- Is LAND-FX a Reliable Broker? Or Scam?
- LAND-FX Advantage and Disadvantage
- LAND-FX is Recommended for Such Traders!
- LAND-FX Products
- Can Cryptocurrencies be Traded in LAND-FX?
- LAND-FX Account Types
- LAND-FX offers very narrow spreads!
- LAND-FX Allows up to 5 Multiple Accounts
- LAND-FX Bonus Programs
- LAND-FX Deposit / Withdrawal Methods
- LAND-FX Customer Support
- Try LAND-FX Demo Account for Free
- Summary
Overview
Company | LandFX UK Limited |
Established | 2013 |
Regulated by | FCA (United Kingdom), FSCS (United Kingdom), FSA (Saint Vincent and the Grenadines) |
Max Leverage | 1:500 |
Spreads *STP/Avg. | 0.8pips/EURUSD, 0.8pips/USDJPY |
Commission *ECN | $7/lot |
Products | Forex:67, Index:11, Metal:8, Energy:3 |
Account Types | 2 Types (Live, ECN) |
Bonuses | 2 Types (Deposit, Recovery) |
Negative Balance Protection | Yes |
Stop Out | 30% |
Deposit & Withdrawal Fees | Deposit:None, Withdraw:Yes |
Support | Phone, E-Mail, Chat |
Platform | MT4, MT5 |
Is LAND-FX a Reliable Broker? Or Scam?
In conclusion, LAND-FX is reliable broker.
LAND-FX Licenses
LAND-FX has the following licenses.
- FCA (United Kingdom)
- FSCS (United Kingdom)
- FSA (Saint Vincent and the Grenadines)
LAND-FX has multiple licenses depending on the region where the service is provided.
In particular, the FCA in the UK seems to be famous for the particularly strict examination of acquisition and renewal, and HotForex who has acquired this seems to be quite reliable even if you look at only this.
LAND-FX Asset Conservation
Is there any measure to protect customer assets?
What happens to our assets (margin and profits deposited) if the forex broker goes bankrupt?
It should be decided that the forex broker who can guarantee customer assets as much as possible is more reliable.
It is the asset conservation system to evaluate it.
There are two main types of asset conservation systems.
- Conservation Trust
- Segregation of Funds
Conservation Trust is more reliable.
Conservation Trust means depositing all the customer assets to a third institution such as a bank. Forex brokers cannot withdraw funds without permission unless the customer instructs them to withdraw. Even if the forex broker goes bankrupt, the customer’s assets (balance at that time) are protected and guaranteed.
Segregation of Funds is to manage the operating costs of the forex broker and the assets under custody from the customer in separate accounts. Unlike Conservation Trust, the management is done by the forex broker itself, so even if the forex broker goes bankrupt, the customer’s assets are may not fully guaranteed.
How does LAND-FX manage customer assets?
LAND-FX manages customer assets by Segregation of Funds.
Since it is not a Conservation Trust, its reliability will decrease.
It can be said that this also meets the minimum requirements.
LAND-FX has been in business since its establishment, and it can be said that it is not a scammer, but if you are worried, please choose another broker.
LAND-FX Advantage and Disadvantage
- Very narrow spreads!!
- Many products, especially minor pairs
- High leverage up to 1:500
- Customer assets are segregated
- Negative balance protection system
- Withdrawal fee is applicable
- Need to apply for negative balance protection
LAND-FX is Recommended for Such Traders!
- Want narrow spreads anyway!
- Want to start with small capital
- Need negative balance protection
LAND-FX Products
LAND-FX offers 89 products.
The number of products handled by LAND-FX is rather small.
Although the number of currency pairs is relatively large, LAND-FX does not handle commodity futures or cryptos. It is a very average level of products.
LAND-FX has very low commissions, so I think it is a good broker that can be used for a long time for those who mainly trade major currency pairs.
- Currency : 67
- Index : 11
- Energy : 3
- Metal : 8
- Total : 89
Please refer to another article for a detailed explanation of the products handled by LAND-FX and the terms and conditions of the transaction.
Can Cryptocurrencies be Traded in LAND-FX?
Recently, trading of cryptocurrencies such as Bitcoin, Ripple, Ethereum and other Altcoin has become popular again.
It is very popular with short-term traders due to its large price fluctuations.
Bitcoin has also risen steadily, finally surpassing $ 20,000 in late 2020. There are also long-term traders.
Can cryptocurrencies be traded in LAND-FX?
Unfortunately, LAND-FX does not allow you to trade cryptocurrencies.
LAND-FX offers quite good trading conditions, so I hope LAND-FX will offer cryptos in the near future.
The forex brokers that allow to trade cryptos are summarized in a separate article, “Best Forex Broker for Crypto Trading“.
I also introduce trading conditions and recommended brokers, so please take a look.
LAND-FX Account Types
LANF-FX offers two types of accounts.
STP method Standard account and ECN method ECN account.
I recommend Standard account type.
Because ECN account type allows you only to trade currency pairs and metals.
With Standard account type, you can trade all of instruments.
The transaction fee for ECN accounts is $3.5 per lot ($7 for round trip), which is the cheapest among Forex brokers, but the maximum leverage is as low as 1:200 and there are less products than Standard account that can be traded, so ECN accounts are not so recommended.
Also ECN accounts are not eligible for deposit bonuses.
For more information on LAND-FX account types, please see the separate article “LAND-FX All Account Types | Standard account is recommended!“.
Standard | ECN | |
---|---|---|
Method | STP | ECN |
Platform | MT4, MT5 | MT4, MT5 |
Base currency | USD,EUR,JPY | USD, JPY |
Contract size | 1 lot = 100,000 | 1 lot = 100,000 |
Min trade volume | 0.01 lot | 0.1 lot |
Max leverage | 1:500 | 1:200 |
Margin call | 50% | 50% |
Stop out | 30% | 30% |
NBP | ✓ | ✓ |
Min spread | 0.7pips~ | 0.0pips~ |
Commission fee | X | Round $7/lot |
Lot restriction per ticket | 50 lots | 50 lots |
Max orders | 100 lots | 100 lots |
Non-deposit bonus | ー | ー |
Deposit bonus | ○ | X |
Min deposit | $300 | $2000 |
EA | ✓ | ✓ |
Scalping | ✓ | ✓ |
Stop level | 1.2pips(EURUSD) | 1.2pips(EURUSD) |
Products | Standard | ECN |
---|---|---|
Currency pairs | ✓ | ✓ |
Metal | ✓ | ✓ |
Energy | ✓ | X |
Stoc index | ✓ | X |
Regarding opening an account, please refer to the separate article “How to open LAND-FX account“, which explains the procedure for opening an account using images.
\Just 3 minutes!!/
>>Read More About LAND-FX Account Types
LAND-FX offers very narrow spreads!
The spread of LAND-FX is very narrow.
You can trade at a very low cost.
LAND-FX discloses real-time spreads on its official website.
Please note that the list below is based on the timing I got, and may differ depending on the time of day.
Currency Pair Spreads
Currency pair spreads depend on account type.
Standard Account
Symbol | Spreads (pips) |
---|---|
AUD/CAD | 3.1 |
AUD/CHF | 2 |
AUD/JPY | 1.8 |
AUD/NZD | 2.1 |
AUD/USD | 1.3 |
CAD/CHF | 2.4 |
CAD/JPY | 1.8 |
CHF/JPY | 2.6 |
EUR/AUD | 1.9 |
EUR/CAD | 3.1 |
EUR/CHF | 1 |
EUR/CZK | 1446.4 |
EUR/DKK | 16.8 |
EUR/GBP | 1.8 |
EUR/HKD | 15.2 |
EUR/HUF | 20169.4 |
EUR/JPY | 1.3 |
EUR/MXN | 97.4 |
EUR/NOK | 58.4 |
EUR/NZD | 2.3 |
EUR/PLN | 28.4 |
EUR/RUB | 746.4 |
EUR/SEK | 42.4 |
EUR/SGD | 5.1 |
EUR/TRY | 266.1 |
EUR/USD | 0.8 |
EUR/ZAR | 361.6 |
GBP/AUD | 2.3 |
GBP/CAD | 3.4 |
GBP/CHF | 2.8 |
GBP/CZK | -0.6 |
GBP/DKK | 52.6 |
GBP/HKD | 27.7 |
GBP/HUF | -0.6 |
GBP/JPY | 1.5 |
GBP/MXN | 113.8 |
GBP/NOK | 57.9 |
GBP/NZD | 3.4 |
GBP/PLN | 269.1 |
GBP/SEK | 51.6 |
GBP/SGD | 5.9 |
GBP/TRY | 313.8 |
GBP/USD | 1.4 |
GBP/ZAR | 443.3 |
NOK/SEK | 84.4 |
NZD/CAD | 6.2 |
NZD/CHF | 2.1 |
NZD/JPY | 2.1 |
NZD/SGD | 9 |
NZD/USD | 1.8 |
USD/CAD | 1.6 |
USD/CHF | 1 |
USD/CNH | 18.4 |
USD/CZK | 1140.4 |
USD/DKK | 23 |
USD/HKD | 3.9 |
USD/HUF | 16659.4 |
USD/ILS | -0.6 |
USD/JPY | 1 |
USD/MXN | 74 |
USD/NOK | 117.7 |
USD/PLN | 176.1 |
USD/RUB | 483.4 |
USD/SEK | 95.4 |
USD/SGD | 2.7 |
USD/TRY | 46.6 |
USD/ZAR | 130.8 |
ECN Account
Symbol | Spreads (pips) |
---|---|
AUD/CAD | 1.2 |
AUD/CHF | 0.5 |
AUD/JPY | 0.3 |
AUD/NZD | 0.5 |
AUD/USD | 0.3 |
CAD/CHF | 1.1 |
CAD/JPY | 0.7 |
CHF/JPY | 0.8 |
EUR/AUD | 0.6 |
EUR/CAD | 2.2 |
EUR/CHF | 0.6 |
EUR/GBP | 0.2 |
EUR/JPY | 0.3 |
EUR/NZD | 0.9 |
EUR/USD | 0.3 |
GBP/AUD | 0.9 |
GBP/CAD | 4 |
GBP/CHF | 1.1 |
GBP/JPY | 0.7 |
GBP/USD | 0.5 |
NZD/JPY | 0.7 |
NZD/USD | 0.3 |
USD/CAD | 0.7 |
USD/CHF | 0.5 |
USD/JPY | 0.2 |
Metal Spreads
Standard Account
Symbol | Spreads (pips) |
---|---|
XAGUSD | 3.5 |
XAUUSD | 8 |
Energy Spreads
Standard Account
Symbol | Spreads (pips) |
---|---|
BRENT | 4 |
CRUDE | 4 |
NGAS | 14 |
LAND-FX Allows up to 5 Multiple Accounts
You can open multiple accounts up to 5 in LAND-FX.
Creating an additional account enables more risk-reduced and efficient operation.
With additional accounts, you are free to choose not only the account type, but also the account currency, leverage, trading platform, etc., just as you would when you first created an account.
By changing the account type or the conditions such as leverage, you can separate the currency pairs and products to be traded for each account, trade with different leverage, separate the discretionary trading and EA (automatic trading) trading accounts, it will be easier to manage.
If you cannot decide account type for the first account, let’ select Standard account.
If you want to try another account type, you can add an account and select it.
Also you can easily transfer funds to additional accounts from the website.
Please also refer to the separate article “How to Open LAND-FX Additional Account“, such as how to open an additional account and how to operate using multiple accounts to reduce risk.
\Just 1 minutes!!/
LAND-FX Bonus Programs
Two types of bonuses are always offered.
LAND-FX Deposit Bonus
Applies only to Live account.
Over $300 deposit can get 10% bonus.
Please be noted, need to apply by email to get bonus .
This is a one-time application.
Bonus is up to $3,000. If you get maximum bonus, you need to deposit $30,000 in one time.
Also, it requires a certain amount of trading, and up to $ 3000 bonus requires 600 lots of trading. This is pretty hard.
The bonus rate is 10%, which is lower than that of other brokers, and it is not very convenient to use because it requires application, only once, and the conditions for transaction volume must be cleared.
For more information, please refer to separated article, “LAND-FX Bonus Program Review“.
LAND-FX Recovery Bonus
Applies only to Live account.
When a stop out occurs, 5% of the initial deposit amount will be cashed back. Not of loss.
This also requires certain conditions and an application is required.
For more information, please refer to separated article, “LAND-FX Bonus Program Review“.
LAND-FX Deposit / Withdrawal Methods
Credit cards, STICKPAY, NETELLER, Skrill, and bank transfers.
It depends on your location. Please check it out on official website.
Deposit
Withdrawal
LAND-FX Deposit & Withdrawal Fees
All deposits are free.
Withdrawals have different conditions.
Conditions may vary depending on your location. Please check the official website for details.
>>Check Deposit/Withdrawal Methods and Conditions
Please refer to the separate article “LAND-FX Deposit Methods | Fees and Conditions” for details on how to deposit LAND-FX.
LAND-FX Customer Support
LAND-FX has support systems around the world and can communicate in any language.
LAND-FX also offers real-time communication via live chat.
Customer Support | Supported or not |
---|---|
Live Chat | ✔ |
✔ | |
Inquiry Form | ✔ |
For more information about LAND-FX support, please refer to the separate article “LAND-FX Customer Support | Any Language as You Like!“.
Please refer to it.
Try LAND-FX Demo Account for Free
In order to know the trading environment and usability in LAND-FX, it is effective to open a demo account and do actual trading.
LAND-FX makes it easy to open a demo account.
For details on how to make use of LAND-FX demo account and how to open it, see the separated article “How to utilize LAND-FX demo account“.
If you have not decided to trade with LAND-FX yet, why not try trading with a demo account?
\Open for Free!/
Summary
LAND-FX is popular because of its overwhelmingly low fees.
But I don’t think it’s worth about bonuses, withdrawal fees.
You can fully utilize it if you pay attention these things.
\Just 3 minutes!!/
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