Pros, Cons, and Conclusion of Review – Land-FX
Pros of Land-FX
- Large size of bonus promotion “10% Deposit Bonus on First deposit up to $3,000”.
- Narrow spread
- Fast execution
- Many industry awards
Cons of Land-FX
- Account currencies are only USD and EUR (ECN account)
Conclusion of Land-FX
Land-FX has been in operation since 2013. Based on narrow spread and fast execution and bonus promotion, they are expanding their business and obtained liability.
Land-FX can be recommended for scalping trader mainly, because of narrow spread and fast execution and enough leverage size. But large size of bonus promotion must be attractive for every trader.
Company profile and license
Land-fx.com is operated by Landprime Ltd. (Glenville Drive, Kingstown, St. Vincent and the Grenadines) . They started operation in established in 2013.
They have Finance Services Authority (FSA) license (Regulated Number: 23627 IBC 2016).
Trading Condition
Account Type
Land-FX offers 2 Account Types (Standard and ECN), as follows.
| STANDARD | ECN | |
| Spread | The lowest spread account (Main symbols: from 0.8pips) | The lowest spread account (Main symbols:from 0pip) |
| Leverage | Up to 500:1 | Up to 200:1 |
| Product | Forex, CFDs, Commodities, Metals (Gold, Silver), Oil, Futures | Forex, Metals (Gold, Silver) |
| Trading Platform | MetaTrade4/5 (Available for Window, Mac, Android, iPhone, Tablet, iPad) | MetaTrade4 (Available for Window, Mac, Android, iPhone, Tablet, iPad) |
| Minimum Deposit | US $300 | US $2000 |
| Hedging | Available | Available |
| Minimum Lot | Micro Lot (0.01) | micro Lot (0.01) |
| Bonus | Deposit Bonus 10% & Recovery Bonus 5% | No |
| Auto Stop-out | 30% (Margin Call Level=50%) | 30% (Margin Call Level=50%) |
| Base Currency Option | USD, EUR, JPY | USD, EUR |
| Commission | $ 0 | One way 0.3 pips |
| Lot Restriction per Ticket | 50 Lot | 30 Lots |
| Maximum Open/Pending Order per Client | 100 Lot | 100 Lots |
| Islamic Account | Optional | No |
Trading Instruments
Forex: 67 currency pairs
| AUD/CAD | AUD/CHF | AUD/JPY | AUD/NZD | AUD/USD | CAD/CHF |
| CAD/JPY | CHF/JPY | EUR/AUD | EUR/CAD | EUR/CHF | EUR/CZK |
| EUR/DKK | EUR/GBP | EUR/HKD | EUR/HUF | EUR/JPY | EUR/MXN |
| EUR/NOK | EUR/NZD | EUR/PLN | EUR/RUB | EUR/SEK | EUR/SGD |
| EUR/TRY | EUR/USD | EUR/ZAR | GBP/AUD | GBP/CAD | GBP/CHF |
| GBP/CZK | GBP/DKK | GBP/HKD | GBP/HUF | GBP/JPY | GBP/MXN |
| GBP/NOK | GBP/NZD | GBP/PLN | GBP/SEK | GBP/SGD | GBP/TRY |
| GBP/USD | GBP/ZAR | NOK/SEK | NZD/CAD | NZD/CHF | NZD/JPY |
| NZD/SGD | NZD/USD | USD/CAD | USD/CHF | USD/CNH | USD/CZK |
| USD/DKK | USD/HKD | USD/HUF | USD/ILS | USD/JPY | USD/MXN |
| USD/NOK | USD/PLN | USD/RUB | USD/SEK | USD/SGD | USD/TRY |
| USD/ZAR |
CFD Metal : 8items, XAU/USD, XAU/USD mini, XAU/EUR, XAU/AUD, XAG/USD, XAG/AUD, XPD/USD, XPT/USD
CFD Oil & Gas : 3items, Brent, Crude, NGas
CFD Stock indices : 11items, DE30, EU50, UK100, FR40, JP225, AU200, US30, US100, SP500, Spain35, HK50
Spread
Land-FX discloses REAL TIME spread and swap on the official website
Trading platform
Land-FX offers trading platform as follows;
MetaTrade4 and MetaTrader5 (Available for Window, Mac, Android, iPhone, Tablet, iPad)
Leverage
Land-FX offers maximum leverage as follows.
| Account | Equity Amount | Leverage | Leverage Level per Exposure |
| Standard | $500 ~ $49,999 | Up to 500:1 | If total open position becomes 50 lots for currency pairs, account leverage could be 200:1 |
| $50,000 ~ $99,999 | Up to 200:1 | If total open position becomes 100 lots for currency pairs, account leverage could be 100:1 | |
| $100,000 ~ | Up to 100:1 | If total open position becomes 100 lots for currency pairs, account leverage could be 50:1 | |
| ECN | $50,000 ~ $99,999 | Up to 200:1 | Leverage not changed. |
| $100,000 ~ | Up to 100:1 |
Margin call and Stop out level
Land FX offers Margin call level of 50% and Stop out level of 30%.
Deposit and withdrawal methods
Lend-FX offers deposit and withdrawal methods as follows.
Deposit Method
VISA, Mastercard, Stickpay, Bank wire, Neteller, Skrill, Local Payment
Funding with VISA, MASTER CARD, NETELLER and SKRILL are instantly processed.
Land-FX covers deposit fees when clients make more than minimum transactions.
Withdrawal Method
VISA, Mastercard, Stickpay, Bank wire, Neteller, Skrill, Local Payment
Brokerage Model
Land FX adopts NDD (Non-Dealing Desk).
Standard account is based on STP, and ECN account are based on ECN
Fast execution
Land-FX has well known industry partners as Equinix, Amazon, RousTech and PrimeXM.
Also they offer 0.035 second as execution time.
Whether scalping is possible or not
Land-FX allows scalping and using automated trading tools called EA on MT4 or MT5.
List of Liquidity Providers
Land-FX discloses all liquidity provider name on the official website.
Security of Clients’ Funds
On the official website, Land-FX mentions security of clients’ fund as follows.
Clients can be sure that clients’ funds are safe. Land-FX holds all client money with top tier banks, and have trust letters in place with each of these banks to ensure that their client money remains segregated from the assets of the bank. Land-FX uses their own funds for hedging client trades, and Land-FX never engage in any proprietary trading.
Promotions
Deposit Bonus
Land-FX offers “10% Deposit Bonus on First deposit up to $3,000”.
Upon the request of clients, Land-FX offers 10% bonus on the first deposits
10% bonus applies equivalently to first deposit amount above $300
| Deposit | Deposit Bonus | Round Turn Condition |
| $300 | $30 | 6 Lots |
| $500 | $50 | 10 Lots |
| $1,000 | $100 | 20 Lots |
| $2,500 | $250 | 50 Lots |
| $5,000 | $500 | 100 Lots |
| $10,000 | $1,000 | 200 Lots |
| $25,000 | $2,500 | 500 Lots |
| $30,000 | $3,000 | 600 Lots |
Recovery Bonus
Competition
Land-FX offers Demo competition periodically.
(Ex. from 2020-Jul-1 to 2020-Jul-31, Total prize is 5,000USD)
Other Points
Industry awards
Land-FX got many industry awards.
In detail please refer to Land-FX official website.
Customer Support
Not only email, customer can use Live Chat 24/7 for any questions or concerns.
