Finding a reputable list about Land-FX Fees and Spreads local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Fees and Spreads review regarding this regulated Forex Company, which will assist traders and allow traders to invest in their currency.
Fees and Spreads
The Land-FX spread list can be summarised as follows:
The broker predominantly takes its fee from the spread, with commissions only charged on ECN accounts at 3.5 pips per trade for global clients and 3 pips for UK and EU traders.
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.
Additional Trading Fees
Land-FX charges swap fees for holding a position open overnight, which varies with instrument and liquidity.
Unfortunately, the broker does not offer an Islamic account, so that traders of the Muslim faith cannot avoid incurring overnight fees which are against Sharia law.
When it comes to trading your capital with leverage, Land-FX has a Margin Call Level of 50%, while Stop Out Level is 30%.
When the ratio of Margin to Equity comes below the Margin Call Level, there will be a warning red sign on the Trading terminal.
When the ratio of Margin to Equity comes below the Stop Out Level, there will be compulsory closures of open positions, starting from the position with the biggest losses, just like stop-loss execution.
Traders also need to ensure that they verify additional broker fees which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
Pros and Cons
|✔️ PROS||❌ CONS|
Low trading fees all around
No deposit fees
No withdrawal fees
High leverage for traders outside of the FCA jurisdiction
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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?
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.
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 for both beginners and experts.
What is the overall rating out of 10 for Land-FX?