Land-FX is a broker of Land Prime Ltd., located in New Zealand. It also has offices throughout the world – the United States, the United Kingdom, Singapore, Indonesia, Malaysia, China, Russia, Nigeria and the Philippines.
Key features
Registered in the Register of Financial Service Providers (FSPR, FSP264385 ) and is regulated by the Financial Markets Authority (FMA). The company also has a unit in the UK – Land-FX UK Ltd., which is licensed by the Financial Conduct Authority (FCA, 709866 ).
Land-FX is also a member of NZ FSCL (Financial Services Complaints Limited), a qualified independent dispute resolution company associated with NZ FMA, which can award customers up to $ 200,000.
LandFX liquidity operators are leading international banks: Bank of America, CitiBank, BNP Paribas and JPMorganChase.
Trading conditions:
- Leverage 1:1-1:500;
- Minimum lot of 0.01;
- Scalping: not allowed;
- Currencies of the trading account: USD, EUR, JPY, PHP;
- Minimum deposit: $300;
- Minimum withdrawal amount: $300;
- Customer support: 24/7.
- Broker has its own page in FB: //www.facebook.com/LandFX.Global
Being a broker STP / ECN, Land-FX offers variable spreads. Typical interest-free account rates are on average 1.4 pips on EUR / USD, while those on ECN accounts provide lower spreads, an average of 0.3 points on EURUSD, however, a commission of 0.35 points (for each side) is applied. Thus, in general, trade costs in ECN accounts are low, which is an average of 1 pip (0.3 + 0.35 + 0.35 points) per round.
Trading platform
Like most forex brokers, Land-FX works with MetaTrader 4, which comes on desktop and mobile versions. MT4 is popular all over the world due to its innovative trading capabilities, a variety of built-in indicators, technical analysis tools, an expanded graphical package, automated trading options with advisor strategies (EA) and an extensive testing environment.
This broker also offers MAM accounts for money managers and investors through Land-FX MT4 MultiTerminal. It is equipped with a professional and easy-to-use interface to manage multiple accounts simultaneously from one account.
According to the Land-FX website, the broker provides quick order execution.
Deposit and withdrawal of funds
The company provides advanced withdrawal and deposit methods.
– credit cards (only Visa and MasterCard)
– bank transfer (up to 7 days);
– e-wallets (Skrill, Neteller, FasaPay, Perfect Money, WebMoney, AstroPay, China UnionPay, Giropay and Land-FX Mastercard)
The minimum duration of a withdrawal is only 1 hour. Proved complaints from customers for long-term delays in processing applications have not been identified.
Risk Warning. Trading involves a high degree of risk. Statistically, only 11% -25% of traders make money when trading Forex and CFD. The remaining 74% -89% of customers lose their invested funds. Invest capital that is willing to put high risks.
