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Land-FX
Land-FX 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-FX 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-FX does not offer any bonus programs. Also, stop levels are still in place at Land-FX, while many brokers have removed them, so scalpers should beware.
Instead of bonus programs, Land-FX 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.
Pros
- Small spreads
- Copy trading is possible with the PAMM system
Cons
- Hard to get chat support
- 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]: 59
[CFD/Metals]: 2
[CFD/Indices]: 11(*1)
[CFD/Energy]: 3(*2)
- 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)(*3)
- Account maintenance fee:
- None
- Holding multiple accounts:
- Permitted
- GMT time difference:
- [MT4/MT5] Daylight saving time: +1 hour, Winter time: ±0 hour
(*1)CFD/Energy cannot be traded with Swap Free and ECN accounts.
(*2)CFD/Indices cannot be traded with Swap Free and ECN accounts.
(*3)The fee is per order (One way).
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
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