Information
Overview of Land-FX Brokerage Services
Introduction
Land-FX, a prominent global Forex broker, has established itself as a reliable platform for trading currency pairs, commodities, and indices. The company is known for its efficient transaction execution, competitive spreads, and diverse account options, which cater to both social trading and PAMM accounts. Land-FX was founded in 2008 by seasoned financial market professionals and has since grown its client base to approximately 10,000 worldwide.
Corporate Presence
- Headquarters: London, United Kingdom
- Global Offices: New Zealand, Singapore, Malaysia, China, Philippines
Business Model of Land-FX
Land-FX operates using the STP/ECN brokerage model. This model is bolstered by liquidity providers like JP Morgan, UBS, Bank of America, Citibank, Morgan Stanley, Deutsche Bank, BNP Paribas, among others. This network allows Land-FX to offer narrow spreads and quick trade execution.
Regulatory Compliance
- Offshore Regulation: FSA in Saint Vincent and the Grenadines
- UK Regulation: Financial Conduct Authority (FCA) via Land-FX UK Limited
- New Zealand Regulation: Financial Markets Authority (FMA)
Client Protection Measures
- Fund Security: Client funds are stored in top-tier banks, segregated from the broker’s funds.
- Compensation Schemes:
- FSCS: Up to £85,000 compensation in case of broker insolvency.
- FSCL: Up to $200,000 compensation aligned with New Zealand FMA.
Leverage Options
- UK and EU Traders: Maximum leverage of 1:30 for major Forex pairs (ESMA regulations).
- International Traders: Up to 1:500 leverage through the offshore company.
Account Types
- Standard Account:
- Minimum Deposit: $300
- Spreads: From 0.8 pips on major currency pairs
- Leverage: Up to 1:500
- Platforms: MT4, MT5, Islamic account option
- ECN Account:
- Minimum Deposit: $2000
- Competitive Spreads: Starting from 0 points on EURUSD, GBPUSD
- Commission: 0.3 points per transaction per side
- Limited to MT4, with 25 currency pairs
PAMM Account System
- Designed for investors seeking managed trading services.
- Traders can join as account managers and earn from successful trades.
Trading Platforms
- MT4 and MT5: Widely-used platforms for Forex and CFD trading.
- Social Trading: Available via ZuluTrade with a minimum deposit of $300.
Trading Instruments
- Forex Pairs: 67
- Indices: 6
- Commodities: 5
Minimum Deposit and Transactions
- Minimum Deposit: $300
- Deposit and Withdrawal: No commission, includes a special prepaid MasterCard for instant withdrawals.
Conclusions and Recommendations
Land-FX, regulated by FCA and FMA, offers a secure and regulated trading environment. The ECN model ensures competitive pricing, and the platform variety caters to different trader profiles. ZuluTrade social trading and PAMM accounts add versatility to investor options.
Areas for Improvement:
- Lack of educational resources for beginners.
- Limited trading tools and a relatively high minimum deposit requirement.
Before selecting a brokerage, traders should consider consulting comprehensive Forex broker ratings, including reviews of Land-FX, to make informed decisions.
Land-FX at a Glance
- Broker Name: Land-FX
- Foundation Year: 2008
- Regulations: FCA, FMA
- Trading Platforms: MT4, MT5
- EURUSD Spread: 0.8 points
- Demo Account: Available
- Minimum Deposit: $300
- Base Currencies: EUR, USD, GBP, JPY
- Maximum Leverage: 1:500
- Available Assets: Currency pairs, indices, commodities
- Deposit Methods: Bank Transfers, Debit/Credit Cards, UnionPay, Skrill, Neteller, FasaPay
- Withdrawal Fee: None
- Inactivity Fee: None
- Islamic Accounts: Available
- Segregated Account: Yes
- PAMM Accounts: Yes
- Affiliate Account: Yes
- Scalping: Not specified
- Automated Trading: Supported
- Mobile Trading: Available
- Web Terminal: Yes
- Social Trading: Supported
- Trading Signals: Available
- VPS: Not specified
- Deposit Bonus: Not available
- Contests: Available
- 24/7 Support: Yes
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