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Abstract: Registered in United Kingdom, Land-FX is an unregulated online forex broker. As a result, we advise you to pay due attention to possible risks.
Registered in | United Kingdom |
Regulated by | No effective regulation at this time |
Year(s) of establishment | 5-10 years |
Trading instruments | Forex, Precious Metal, Commodities, indices, Futures |
Minimum Initial Deposit | $300 |
Maximum Leverage | 1:200 |
Minimum spread | Around 0.9 pips for EURUSD in trader account |
Trading platform | MT5, signal trader and FIX API |
Deposit and withdrawal method | VISA, MasterCard, neteller and skrill |
Customer Service | Email, phone number, address, live chat |
Fraud Complaints Exposure | Yes |
Risk Warning
Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.
General information and regulations of Land-FX
Registered in United Kingdom, Land-FX is an unregulated online forex broker. As a result, we advise you to pay due attention to possible risks.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Market instruments
Forex, Precious Metal, Commodities, indices, Futures .....Land-FX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Land-FX.
Spreads and commissions for trading with Land-FX
It is commendable that in the trading instruments interface, Land-FX provides a detailed table showing the spreads of various instruments in various accounts in detail, which greatly facilitates customers' inquiries and comparisons.
Account Types for Land-FX
Land-FX does not provide much real account information. However, we can see from other contents on the website that there are in total 3 account types: trader, ECN account and VIP, and the minimum amount to open an account in Land-FX is 300 USD. Other more detailed information is not available.
Trading platforms offered by Land-FX
In terms of trading platforms, there are a variety of options: MT5, signal trader and FIX API. The client may choose the one that they think is the best to help the trading.
Leverage offered by Land-FX
Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:200 offered by Land-FX is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.
Deposit and withdrawal methods and fees
In terms of deposit and withdrawal, like many good brokers, Land-FX provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. The feasible payment methods are VISA, MasterCard, neteller and skrill.
Educational resources
A series of educational resources is available at Land-FX, such as economic calendar, news and market research.
Customer support of Land-FX
Below are the details about the customer service.
Language(s): English, Romanian, German, Thai, Vietnamese, Spanish, Italian, Korean, Dutch, Japanese, Chinese, Filipino, Indonesian, Turkish, French, Malaysia, Russian, etcetera.
Service Hours: 24/7
Its worth mentioning that in the homepage of Land-FX exists an inconsistency of information: both 24/5 support and 24/7 support are seen. As a result, we are not sure what kind of service hours Land-FX provides.
Email: account@land-fx.co.uk
Phone Number: (+44) 203 735 9155
Social media: Facebook
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of Land-FX
Advantages:
MT5
Disadvantages:
Complaints
No effective regulation
Few information available
No cryptocurrencies and stocks trading.
Few deposit and withdrawal methods
No MT4
No copy trading
Frequent asked questions about Land-FX
Is this broker well regulated?
No, it is currently not effectively regulated and you are advised to be aware of its potential risks.
How much leverage does this broker offer?
The maximum leverage of Land-FX is 1:200. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.