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Land-FX

Land Prime is a Forex broker established in 2013 and supervised by the Seychelles Financial Services Authority (FSA). It is the official sponsor of the German football club FSV Mainz 05.

Land Prime offers four account types: Standard, ECN, Swap Free, and Asian Standard accounts. Standard and Swap Free accounts offer unlimited leverage with no conditions when the account balance is less than $ 1,000 (USD), and the stop-out level is set at 0%, allowing you to make the most of the funds in your account.

On both Standard and Swap Free accounts, the minimum deposit is $ 10 (USD) and the spread is as small as 0.9pips.

Asian Standard account offers a minimum deposit of $ 50 (USD) and zero trading commission, but the spread is on the large side instead, such as EUR/USD 1.7pips. This account is popular among traders with a maximum leverage of 1:1,000 and a minimum order size of 0.01 lots.

ECN account offers an initial deposit of $ 1,000 (USD) with the 0.3pips trading commission (one way). However, spreads are among the smallest (e.g., EUR/USD 0.0pips) and leverage is also high enough at 1:1,000, though not unlimited.

Swap Free account has the same trading conditions as the Standard's, but you can't trade some forex currency pairs, silver, energy, and indices. Although all trades are swap-free, please note that positions open for one week will be moved to the account with swaps.

It also offers Express account, which allows you to start trading without ID verification. You can start trading immediately with the same trading conditions as the Standard account, although it is only for one month and the maximum deposit is $ 3,000 (USD). If you submit identification documents within one month, you can keep using the account as a Standard account.

* Prime account is discontinued in June 2023. Existing Prime accounts will be switched to Standard accounts.

On the downside, Land Prime does not offer any bonus programs. Also, stop levels are still in place at Land Prime, while many brokers have removed them, so scalpers should beware.

Instead of bonus programs, Land Prime focuses on trading conditions to improve its services. It is gradually attracting the attention of traders as an international Forex broker that offers flexible services tailored to the needs of its clients.

Official Website

Pros

  1. Small spreads
  2. Copy trading is possible with the PAMM system

Cons

  1. Hard to get chat support
  2. Few CFD products

Operating Company

Company name:
Land Prime Ltd.
Head office address:
Glenville Drive, Kingstown, St. Vincent and the Grenadines
Financial supervisor:
Financial Services Authority of Seychelles (FSA) license number 23627
Founded:
2013
Capital:
Undisclosed

Customer Service

Website language:

[Asia] Thai, Vietnamese, Korean, Japanese, Hindi, Malaysian, Tagalog, Indonesian, Bengali, Laotian, Cambodian
[Europe and America] German, Greek, Spanish, Italian, Dutch, Finnish, French, Ukrainian, Russian, Norwegian, Danish, Swedish, Romanian
[Middle East・Africa] Jamaican, Turkish, UAE-English

Trading platform:
MetaTrader4/5
English support:
Email, Support Chat
Business hours:
Weekdays 24 hours
Email address:
[email protected]
Phone number:
(+44) 20-7097-1261

Trading Rules

Roll over:
Daylight saving time: 8:59 pm, Winter time: 9:59 pm (Server time)
Margin call:
[Standard, Swap Free] When the margin maintenance rate falls below 30%
[ECN, Asian Standard] When the margin maintenance rate falls below 50%
Loss cut:
[Standard, Swap Free] When the margin maintenance rate falls below 0%
[ECN, Asian Standard] When the margin maintenance rate falls below 30%
Matched order:
Permitted(*1)
EA restrictions:
None
Request for additional margin:
None (If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is not guaranteed

(*1)Matched orders between multiple accounts are prohibited.

Conditions for Each Account Type

Trading platform:
MetaTrader4/5
Brokerage model:
[Standard, Swap Free, Asian Standard] STP method
[ECN] ECN method
Spread method:
Variable spreads
Trading account currency:
Japanese Yen, Euro, US Dollar
Maximum leverage:

[Standard, Swap Free] Unlimited
[ECN, Asian Standard] 1:1,000

Initial minimum deposit:

[Standard, Swap Free] $ 10 (USD)
[ECN] $ 1,000 (USD)
[Asian Standard] $ 50(USD)

Lot size:
100,000 units
Minimum order size:
0.01 lot
Maximum order size:
[Standard, ECN, Swap Free, Asian Standard] 30 lots
Maximum open orders:
100 lots
Instruments(symbols):

[FX/Currency Pair]: 63(*1)
[CFD/Metals]: 3
[CFD/Indices]: 11(*2)
[CFD/Energy]: 3(*3)

Available trading hours:

[Daylight saving time]: Sunday 9:05 pm - Friday 9:00 pm (Server time)
[Winter time]: Sunday 10:05 pm - Friday 10:00 pm (Server time)

Transaction fees:
[Standard, Swap Free, Asian Standard] None
[ECN] $ 3 (USD)(*4)
Account maintenance fee:
None
Holding multiple accounts:
Permitted
GMT time difference:
[MT4/MT5] Daylight saving time: +1 hour, Winter time: ±0 hour

(*1)63 FX/Currency Pairs are tradeable with MT5/ECN account, 62FX/Currency Pairs with MT5/Pro and MT5/Asian Standard accounts, 61 FX/Currency Pairs with MT4/ECN account, 60FX/Currency Pairs with MT4/Pro and MT4/Asian Standard accounts, and 24 FX/Currency Pairs with Swap Free account.

(*2)CFD/Indices cannot be traded with Swap Free and ECN accounts.

(*3)CFD/Energy cannot be traded with Swap Free and ECN accounts.

(*4)The fee is per order (One way).

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