Land-FX Review: Your Gateway to Profitable Trading

Land-FX has risen as a key player in the online brokerage service sector. The platform provided by Land-FX is accessible, meeting the needs of a broad range of clients, including both novice and seasoned investors.

This article provides a detailed forex trading broker review, focusing on Land-FX. It covers essential topics like its regulatory compliance, range of trading products, and platform features, to give you a clear understanding of what this broker offers in the forex trading market. Also highlights global reach and dedication to customer satisfaction.

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Land-FX: Overview

Land-FX was founded in 2013 by seasoned experts with extensive experience in the financial markets. The core mission of Land-FX is to offer top-notch services and innovative solutions. It accommodates the various requirements of traders by offering an array of account options and trading instruments. 

In terms of products, Land-FX broker provides an expansive range of over 60 tradable markets, encompassing forex, CFDs on spot metals, oils, indices, and commodities. This blend of flexible account options and products underlines Land-FX’s commitment to meeting the varied needs of its users.

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Regulation and Registration 

Land-FX, registered in St. Vincent and the Grenadines (SVG), is operated by Land Prime Ltd. The company is physically based in Makati City, Philippines. Significantly, Land Prime Ltd. restricts its services in certain jurisdictions, including the USA, Cuba, Sudan, Syria, North Korea, and entities on the Consolidated United Nations Security Council Sanctions Lists, reflecting its compliance with international regulatory standards.

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Account Types of Land-FX

1. Pro Account

• Minimum Deposit: $10
• Lowest Spread: 0.9 pip (EURUSD)
• Leverage: 2000:1
• Commission: $0
• Instruments: Forex, CFDs, metals (gold, silver), oil, futures

2. Asian Standard Account

• Minimum Deposit: $50
• Lowest Spread: 1.7 pip (EURUSD)
• Maximum Leverage: 1000:1
• Commission: $0
• Instruments: Forex, CFDs, metals (gold, silver), oil, futures

3. ECN Account

• Minimum Deposit: $1000
• Lowest Spread: 0 pip (EURUSD)
• Maximum Leverage: 1000:1
• Commission: 0.3 pip/lot
• Instruments: Forex, metals (gold, silver)

4. Swap Free Account

• Minimum Deposit: $10 
• Lowest Spread: 0.9 pip (EURUSD)
• Maximum Leverage: 2000:1
• Commission: $0
• Instruments: Forex, metals (gold)

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Deposit and Withdrawal

Land-FX offers various secure and convenient deposit methods, including VISA, Mastercard, Neteller, and Skrill. Deposit times can range from instant to within 1-2 hours, with minimum deposits starting at $5 and up to $50, depending on the method. Land-FX covers fees for deposits exceeding the minimum amount. 

Withdrawals at Land-FX broker are processed through several methods, like the deposit methods, with processing times ranging from instant to 4-7 working days. Credit/Debit card withdrawals are refunded back to the same card and can only be up to the amount deposited using that card. However, withdrawal fees apply for methods like Neteller and Skrill, ranging from 1% to 2.5%.

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Products in Land-FX

• Forex
• CFDs
• Spot Metals
• Oils
• Indices
• Commodities

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Trading Platform of Land-FX

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

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Fees of Land-FX

Land-FX broker charges commissions on ECN accounts at 3.5 pips per trade for global clients and 3 pips for UK and EU traders, with competitive spreads on major currency pairs like EUR/GBP, EUR/USD, and GBP/USD, averaging between 0.3 to 0.9 pips.

Additionally, swap fees apply for overnight positions, and leverage trading involves a margin call level of 50% and a stop out level of 30%.

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Land-FX Promotions

Land-FX broker offers attractive promotions for different traders. These promotions are designed to boost the trading experience and increase potential profits. Here are two promotions provided:

• Cashback Promotion: This feature allows traders to earn back a portion of their trading costs. The cashback amount usually depends on the trade volume or other defined criteria.
• 50% Bonus Promotion: Traders receive an additional 50% of their deposit amount in their trading account, boosting their trading capital. This bonus, however, is often tied to specific trading volume requirements or withdrawal conditions.

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Customer Support 

Email:

• [email protected] (General Inquiries)
• [email protected] (IB & Affiliate Inquiries)
• [email protected] (Deposits and Withdrawals)

Phone: Land-FX offers telephone assistance through its offices or calls center. The customer service center operates 24 hours, Monday through Friday. 

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Pros & Cons

Pros Explained

• Multiple account types are available, including Pro, Asian Standard, ECN, and Swap Free, catering to various trader needs.
• Competitive spreads on major currency pairs make trading cost-effective.
• A variety of deposit and withdrawal methods provide convenience and flexibility.
• Attractive promotions such as cashback and a 50% bonus enhance the trading experience.
• 24/7 customer support ensures ongoing assistance.

Cons Explained

• Services are restricted in certain jurisdictions, including the USA, Cuba, Sudan, Syria, and North Korea.
• ECN accounts incur a commission of 3.5 pips per trade globally and 3 pips for UK and EU traders.
• Swap fees are charged for overnight positions.
• High leverage up to 2000:1 increases the risk of significant losses.

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Is Land-FX Worth Considering?

Considering its extensive range of tradable markets, multiple account types, and competitive spreads, Land-FX can be a worthwhile option for traders seeking diverse trading opportunities and flexible account options. 

However, traders should be mindful of the brokerage’s geographical restrictions and fee structure, including commissions on certain account types and swap fees, especially if these factors significantly impact their trading strategies and goals. 

Overall, Land-FX offers a comprehensive platform that can meet the needs of many traders, but as with any financial decision, it’s important to weigh the pros and cons in the context of individual trading requirements and preferences.

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FAQs

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