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Land-FX Account Types

Land-FX Account Types

 

 

 

Overall Rating

4.7/5

Rated #249 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSA

📱 Trading Desk

No Dealing desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Land-FX provides three different account types e.g., Standard Account, ECN Account, and VIP Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about Land-FX account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

Land-FX Overview

Land-FX is an international broker operating through multiple branches. Land-FX UK Ltd. is London-based and provides trading services to residents of the UK and European Economic Area (EEA).

LandPrime Ltd. is registered in St. Vincent and the Grenadines while Land-FX Ltd. is registered in Cyprus, and has multiple offices across Europe, Asia, and North America.

Land-FX was established by industry experts with many years of broad and hands-on experience in the financial markets.

The broker’s mission is to provide the best services and creative solutions to its clients and help them grow together in this fast-paced global financial market.

Land-FX promises to provide an optimal trading environment with a stable system for every trade and to provide its clients with the best possible assistance.

The broker’s overall vision is to be the best global FX Company. It aims to achieve this by providing the highest standards of customer service and ensuring that its clients are treated fairly.

As such, the broker provides traders with access to the following:

  • Over 60 tradeable foreign exchange markets
  • CFDs including Spot Metals, Spot Oils, Indices and Commodities
  • Catering to both large and small market participants across the globe

 

The broker has also garnered several prestigious industry awards, which include the following:

  • Land-FX was awarded as The Best CFD Broker Europe in the International Business Magazine of 2019.
  • Land-FX was awarded as best trading environment broker in Global Financial Derivatives Conference
  • Land-FX was awarded as the Most Trustworthy Forex Broker In the Investment and Financing Expo of 2017
  • Land-FX was awarded as the 2016 Best Forex Broker in Asia by CGIIF
  • Land-FX was awarded as the Best Retail FX Broker in Forex Investment & Innovation Summit 2015
  • Land-FX was awarded as the Best Retail Forex Provider in China Forex Expo 2014
  • Land-FX was awarded as the winner of FCM 2013 by CIOT GLOBAL EXPO

 

Land-FX Account Types

Land-FX offers three account types to its global users and three to its UK and EU clients. Each are offered an option that follows a dealing-desk broker model and one that follows an ECN model, though with different conditions.

 

Land-FX Account Features

 

Global Standard Account

  • Forex, metals, commodities, oil, futures, CFDs
  • Major FX pair spreads from 0.8 pips
  • Deposit and Recovery bonuses
  • Islamic account optional
  • Minimum deposit $300
  • Leverage up to 1:500
  • No commissions
  • MT4 & MT5

 

Global ECN Account

  • Forex & spot metals only
  • Major FX pair spreads from 0 pips
  • No deposit or recovery bonus
  • Minimum deposit $2,000
  • Leverage up to 1:200
  • 0.35 pip commission
  • MT4 only

 

Global VIP Account

  • Forex, CFDs & commodities
  • Major FX pair spreads from 2 pips
  • No deposit or recovery bonus
  • Minimum deposit $300
  • Leverage up to 1:200
  • No commissions
  • MT5 only

 

Land-FX Demo Account

A fully operational demo account is provided by Land-FX, with a full range of tradable assets, rapid execution, and a choice of leverage rates.

Global clients can practice with both MT4 and MT5 platforms, though UK and EU clients can only trial MT5. Up to $100,000 of virtual money can be used to explore trading strategies, charting types, and analysis tools.

As such, the demo account consists of the following features:

  • Market Execution with No Requote
  • Fully supports any Expert Advisors (EA)
  • Fast and secure execution with competitive spreads
  • Intuitive user interface
  • Featuring emerging market currency pairs
  • Continuously updated platform

 

Land-FX also runs a weekly demo contest for global clients in which traders compete for a variety of prizes, with 1st place winning $500.

Weekly winners are invited to demo championships, with a maximum prize of $3,000. Participation is free, requiring only the registration of a Land-FX competition demo account and the MT4 software to get started.

 

Overall Rating

4.7/5

Rated #249 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSA

📱 Trading Desk

No Dealing desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Land-FX Islamic Account

Unlike most other brokers, Land-FX does not offer an Islamic, or swap-free account for its Muslim traders.

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

Traders who are interested in registering for an Islamic account must contact Land-FX’s customer support to verify the details of the account as conditions may have changed from the time of writing.

These changes are as per the broker’s discretion and/or changes in market conditions.

 

Pros and Cons

✔️PROS ❌CONS
Low minimum deposit

Competitive trading fees

Competitive commissions

Tight spreads

No deposit fees

No withdrawal fees

Good selection of tradable assets

MetaTrader suite available

The demo account does not expire

Easy account opening process

No Islamic, or swap-free account available

Limited deposit methods

Limited deposit currencies

 

You might also like: Land-FX Minimum Deposit

You might also like: Land-FX Demo Account

You might also like: Land-FX Fees and Spreads

You might also like: Land-FX Sign up Bonus

 

Land-FX at a Glance

Broker’s Name Land-FX
Headquartered London, and St Vincent and the Grenadines
Year Founded 2008
Regulating Authorities Financial Conduct Authority (FCA)
Countries not accepted for trade United States, Cuba, Sudan, Syria, Korea
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts No
Managed Accounts No
Maximum Leverage 1:500
Minimum Deposit $10
Deposit Options
  • Visa
  • SticPay
  • Bank wire transfer
  • Neteller
  • Skrill
  • Bitcoin
Withdrawal Options
  • Visa
  • SticPay
  • Bank wire transfer
  • Neteller
  • Skrill
  • Bitcoin
Platform Types MetaTrader 4, MetaTrader 5
OS Compatibility Windows, Mobile, Web, iPhone, iPad

PC and Mac OS, mobile for Android and IOS

Tradable Assets  

  • Forex
  • Indices
  • Shares
  • Metals
  • Futures
  • Commodities
Languages supported on Website English, German, Vietnamese, Spanish, Italian, Dutch, Japanese, Kiswahili, Suomi, French, Turkish, UAE-English, Turkish, Filipino, Danish, Romanian
Customer Support Languages English, German, Vietnamese, Spanish, Italian, Dutch, Japanese, Kiswahili, Suomi, French, Turkish, UAE-English, Turkish, Filipino, Danish, Romanian
Customer Service Hours 24/5

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Land-FX?

Clients of Land-FX have access to the following assets:

Land-FX provides a competitive range of tradable instruments, including 67 forex pairs and two-dozen CFDs on metals, energies, and stock indices. The only notable absentees from their product list are cryptocurrencies and shares.

 

Which platforms are supported by Land-FX?

Land-FX provides MetaTrader 4 and MetaTrader 5

 

Does Land-FX offer leverage?

Yes, leverage rates are competitive, going up to 1:500 for global forex traders. Metals and energies can be leveraged up to 1:200 and 1:100. UK and EU traders are capped at a leverage rate of 1:200 for forex pairs. Leverage rates are reduced for large trade volumes.

 

What spreads can I expect with Land-FX?

ECN accounts have the most competitive spreads with average rates on EUR/GBP, EUR/USD, and GBP/USD pairs at 0.8, 0.3, and 0.9 pips, respectively.

 

Does Land-FX charge commission?

Yes, and commissions are only charged on ECN accounts at 3.5 pips per trade for global clients and 3 pips for UK and EU traders.

 

Are there additional charges on the Islamic account?

Land-FX does not offer an Islamic Account

 

Is Land-FX regulated?

Yes, Land-FX is regulated by the Financial Conduct Authority (FCA)

 

Is Land-FX a recommended forex trading broker for experts and beginners?

Yes. Land-FX caters to both beginners and experts.

 

What is the overall rating out of 10 for Land-FX?

8/10.

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform.

A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.

 

Does Land-FX offer a demo account?

Yes.

 

For how long is the demo account valid?

The demo account does not expire

 

Does Land-FX offer the option of an Islamic Account?

No

 

Which live trading accounts does Land-FX offer?

Standard Account, ECN Account, VIP Account

 

What are the available deposit currencies for a live trading account?

  • AUD
  • GBP
  • CAD
    DKK
  • EUR
  • INR
    JPY
  • MXN
  • NOK
    RUB
  • SGD
  • SEK
    TWD
  • USD
  • CHF

 

As such, the broker does not accept more varied currencies such as ZAR (Rand), so that traders from these countries will incur conversion fees.

 

Deposits and Withdrawals

 

What is the minimum deposit for Land-FX?

$10

 

How do I make a deposit and withdrawal with Land-FX?

  • Visa
  • SticPay
  • Bank wire transfer
  • Neteller
  • Skrill
  • Bitcoin

 

Does Land-FX charge withdrawal fees?

No

 

How long does it take to make a withdrawal?

Land-FX handles all transactions on the same day the requests are received, however, transaction time also depends on the withdrawal method you choose. Below is the list of withdrawal methods and the time:

– Bank Wire: within 2 Business days
– VISA / MASTER Card: before the settlement date, the transaction will be credited within 20 business days.
If it’s after the settlement date, you need to request the withdrawal using another method such as bank wire.
– Neteller: within an hour

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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