LandFX
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| Popularity |  |
| Leverage | Up to 1:500 |
| Minimum Deposit | $100 |
| Regulation | FCA, CySEC |
| Payment Methods | Credit Card, Wire Transfer, eWallets |
| Trading Assets | Forex, Metals, Energies, Indices, Cryptocurrencies |
| MT4 | ✅ |
| MT5 | ❌ |
| Spreads | low |
| Average cost: EUR/USD | 1.2 pips |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| MAM | ✅ |
| PAMM | ❌ |
| CopyTrading | ❌ |
| ZuluTrade | ❌ |
| Scalping | Yes |
| Signals | ✅ |
| EAs/Robots | Available |
| Negative Balance Protection | Yes |
| Deposit Fee | ❌ |
| Withdrawal Fee | ❌ |
| Inactivity Fee | After 12 months |
| Year Established | 2012 |
| Address | 1 Fore Street, London, EC2Y 9DT, United Kingdom |
| Contact Information | Email: [email protected], Phone: +44 20 7193 9990 |
| Phone APP | Not Available |
| Rating | ★★★★☆ |
| Website |
Pros and Cons
- Competitive low spreads on major currency pairs
- Regulated by reputable financial authorities (FCA, CySEC)
- No deposit and withdrawal fees
- Negative balance protection ensures traders don’t lose more than their account balance
- Wide range of trading assets including Forex, Metals, and Cryptocurrencies
- Limited educational resources for beginners
- No MetaTrader 5 (MT5) support
- CopyTrading and ZuluTrade options are not available
- Mobile app not available, limiting trading on the go
- Inactivity fee after 12 months of no trading activity
Introduction
In the ever-evolving landscape of online trading, selecting the right broker is paramount for financial success and security.
LandFX, established in 2012, has grown into a reputable brokerage firm, catering to traders worldwide with its comprehensive trading solutions and innovative technologies.
This review provides an in-depth analysis, exploring its features, offerings, and how it stands out in the competitive forex trading market.
Open a free accountCompany Overview
- Established: 2012
- Headquarters: London, United Kingdom
- Regulations: FCA, CySEC
The company has built its reputation on a foundation of reliability, transparency, and customer satisfaction.
With regulatory oversight from both the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), the broker offers a secure trading environment for all its clients.
Trading Instruments
LandFX provides a diverse range of trading instruments, allowing traders to diversify their portfolios and capitalize on various market opportunities.
The broker offers:
- Forex: Access to major, minor, and exotic currency pairs.
- Metals: Gold and silver trading against USD and EUR.
- Energies: Trading on oil and gas.
- Indices: A selection of the world’s leading indices.
- Cryptocurrencies: Including Bitcoin, Ethereum, and Litecoin.
Trading Platforms
MetaTrader 4
The broker supports the MetaTrader 4 (MT4) platform, renowned for its user-friendly interface, robust functionality, and customization options.
Features include:
- Advanced charting tools
- A plethora of technical indicators
- Automated trading through Expert Advisors (EAs)
- Mobile trading support
Despite the growing popularity of MetaTrader 5 (MT5), LandFX currently offers MT4 due to its established presence and preference among traders.
Account Types
LandFX caters to a wide range of traders by offering different account types:
Standard Account
The Standard Account is designed for retail traders looking for a straightforward trading experience.
This account type is ideal for traders who prefer a no-commission structure, relying instead on spreads as the primary cost of trading.
- Minimum Deposit: $100, making it accessible for beginners or those looking to test the platform with a lower risk.
- Spreads: Start from 1.2 pips, offering competitive pricing for major currency pairs.
- Leverage: Up to 1:500, providing flexibility in trading strategies and risk management.
- Commission: No commission is charged on trades, appealing to traders who prefer simplicity in cost structure.
- Trading Platforms: Access to MetaTrader 4 (MT4), supporting a wide range of tools and features for effective trading.
ECN Account
The ECN Account is tailored for more experienced traders who seek tighter spreads and direct market access.
This account connects traders directly to liquidity providers, offering faster execution speeds and lower spreads.
- Minimum Deposit: $500, targeting more serious traders with a higher initial investment.
- Spreads: From 0.0 pips, providing highly competitive rates, especially for scalpers and high-volume traders.
- Leverage: Up to 1:500, similar to the Standard Account, but particularly beneficial for sophisticated trading strategies that require high leverage.
- Commission: $7 per lot traded, reflecting the direct access to market prices and the cost of tighter spreads.
- Trading Platforms: MT4 support, leveraging the platform’s advanced features for professional trading.
Islamic Account
The Islamic Account, also known as a Swap-Free Account, is designed to comply with Sharia law, making it suitable for Muslim traders who cannot engage in transactions that involve interest.
- Minimum Deposit: $100, ensuring accessibility for traders of the Islamic faith.
- Spreads: Starting from 1.2 pips, this account offers a fair pricing structure without swaps.
- Leverage: Up to 1:500, providing the leverage flexibility found in other account types.
- Commission: No commission charged, similar to the Standard Account.
- Trading Platforms: Includes MT4 platform support, accommodating traders who require swap-free conditions without compromising on technology.
Comparison Table
|
Account Type |
Minimum Deposit |
Spread |
Commission |
Leverage |
Features |
|
Standard |
$100 |
From 1.2 pips |
No commission |
Up to 1:500 |
Accessible, No commission, MT4 |
|
ECN |
$500 |
From 0.0 pips |
$7 per lot |
Up to 1:500 |
Direct market access, Low spreads, MT4 |
|
Islamic |
$100 |
From 1.2 pips |
No commission |
Up to 1:500 |
Swap-free, No commission, MT4 |
Choosing the Right Account
When selecting an account type, traders should consider their trading style, experience level, and financial goals.
For instance, the Standard Account is a great starting point for those new to trading or looking for a simple, cost-effective option.
On the other hand, the ECN Account is suited for experienced traders focused on execution speed and minimizing spreads.
The Islamic Account offers a solution for traders requiring swap-free trading conditions.
Each account type is designed with the trader’s needs in mind, ensuring that regardless of your trading approach or requirements, you’ll find an option that fits.
Whether you prioritize low spreads, high leverage, or adherence to Islamic finance principles, LandFX’s diverse account offerings cater to a wide array of trading preferences and ethical considerations.
Open a demo accountLeverage and Margin Requirements
LandFX offers leverage up to 1:500, providing traders the flexibility to choose their risk level. However, leverage is a double-edged sword that can significantly increase both profits and losses.
The broker encourages responsible trading by providing tools and resources to manage risk effectively.
Spreads and Commissions
The broker is known for its competitive spreads and transparent pricing structure.
The broker offers low spreads starting from 1.2 pips for standard accounts and as low as 0.0 pips for ECN accounts, with a $7 commission per lot traded.
This competitive pricing ensures traders can maximize their profitability.
Payment Methods
LandFX supports a lot of payment methods for deposits and withdrawals, including:
- Credit/Debit Cards
- Wire Transfer
- eWallets
The broker prides itself on its quick processing times, ensuring that traders can access their funds promptly.
Customer Support
The company’s multilingual customer support team is available 24/5, providing assistance via email, phone, and live chat.
The responsiveness and quality of support are consistently praised by clients, highlighting the broker’s dedication to customer satisfaction.
Trading Conditions
LandFX is recognized for its trader-friendly conditions, which are designed to suit both novice and experienced traders.
Here’s a closer look at what traders can expect:
Execution Speed and Slippage
- Execution Speed: The platform boasts superior execution speeds, ensuring trades are executed promptly without significant delays. This is crucial for traders who rely on timely execution to capitalize on market movements.
- Slippage: The broker minimizes slippage through its robust trading infrastructure and relationships with top liquidity providers. This ensures that orders are filled at the best possible prices, even in volatile market conditions.
Negative Balance Protection
In a move that highlights its commitment to client security, the broker offers negative balance protection.
This feature ensures that traders cannot lose more than their account balance, providing a safety net against unpredictable market swings and excessive losses.
Margin and Leverage
- Flexible Leverage: With leverage up to 1:500, it provides traders with the flexibility to choose their level of risk and potential reward. This high leverage ratio can amplify profits but also increases the risk of losses.
- Margin Requirements: Their transparent margin requirements help traders understand their potential leverage for each trade, allowing for better risk management.
Educational Resources
Education plays a pivotal role in a trader’s success.
The company offers a range of educational resources aimed at enhancing traders’ knowledge and skills:
- Trading Tutorials: Beginners can benefit from a wide array of tutorials covering basic trading concepts, market analysis, and trading strategies.
- Webinars and Seminars: The company periodically hosts webinars and seminars led by experienced traders and industry experts. These sessions provide valuable insights into market trends, advanced trading techniques, and risk management.
- Market Analysis: The broker provides regular market analysis and insights, helping traders make informed decisions based on the latest market trends and developments.
Additional Features
LandFX goes beyond basic brokerage services to offer additional features that enhance the trading experience:
Mobile Trading
While LandFX does not offer a proprietary mobile app, it supports MT4 mobile trading on both Android and iOS devices.
This allows traders to manage their accounts, execute trades, and analyze markets on the go.
Social Trading and Copy Trading
Although it does not currently support social trading platforms like ZuluTrade or offer copy trading services, it encourages the use of EAs for automated trading on the MT4 platform.
This can be an alternative for traders looking to replicate the strategies of successful traders.
Conclusion
LandFX stands out in the crowded forex broker market for its competitive trading conditions, comprehensive educational resources, and exemplary customer support.
While the lack of a proprietary mobile app and social trading features may be considered drawbacks, the broker compensates with robust platform support and a wide range of trading instruments.
Whether you’re a novice trader looking to learn the ropes or an experienced trader seeking a reliable and efficient trading environment, it offers a compelling choice.
Their commitment to transparency, security, and customer satisfaction makes it a reputable partner for traders globally.
With its competitive spreads, rapid execution, and a suite of additional features, the company is well-positioned to meet the diverse needs of its clientele.
Visit official website: www.landprime.comUser Reviews
Broker Video: What is FX Market?
Frequently Asked Questions
What types of accounts does it offer?
LandFX offers various account types to suit different traders, including Standard, ECN, and Islamic swap-free accounts. Each account type has its own unique features and benefits tailored to the diverse needs of traders.
Is LandFX regulated?
Yes, the company is regulated by several reputable financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
Can I trade cryptocurrencies?
Yes, LandFX offers cryptocurrency trading along with forex, metals, energies, and indices. This allows traders to diversify their portfolios with digital currencies.
What are the deposit and withdrawal methods?
LandFX accepts various payment methods including credit/debit cards, wire transfers, and eWallets. This variety ensures convenience for traders around the globe.
Does it offer a demo account?
Yes, LandFX provides a demo account for traders to practice their strategies and get familiar with the platform without risking real money.
Are there any fees for depositing or withdrawing funds?
LandFX does not charge any fees for deposits or withdrawals, making it easier for traders to manage their funds.
How can I contact their customer support?
LandFX offers multiple channels for customer support, including email and phone. Their team is responsive and ready to assist with any queries.
Resources
Our experts
This article has been written, edited and reviewed by the following members of our team:
Feng Zhou
Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.
Sandro Pontedra
Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.
Stephane Dubois
Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.
Last update: April 27, 2024