Is Land-FX Good?: The Review of Land-FX Pros and Cons [Summary of Overview Information from Real Trading Experiences]

Important Details of Exness Broker
Broker Name Land-FX
Website land-fx.com
Year of Establishment 2012
Regulatory Organization FSA, FCA
Minimum Deposit $30
Deposit and Withdrawal Speed Deposit: 5 Minutes interval, Withdrawal: 20-25 Minutes interval
Deposit and Withdrawal Rate  -0.52%
Leverage Maximum 1:1000
Spread EURUSD 9, USDJPY 7, GBPUSD 12
Platform MT4, MT5

Land-FX is ranked 3rd in The Best Forex Broker Ranking 2022

ข้อมูล LAND-FX

Year of Establishment : 2012

Head Office

Exness’s Head Office is London, the United Kingdom

Address: 1 Filament Walk, Wandsworth, London SW18 4GQ, United Kingdom

2. Griffith Corporate Center Office, St. Vincent & Grenadines 

Address: Griffith Corporate Center, Beachmont, Kingstown, St. Vincent & Grenadines

*** It is a small island country, where many Forex brokers come together. There are both big brokers who expand branches and register their brokers here (such as HotForex, Fair Forex, Templer FX, Diamond FX, AMarkets, TIO Markets Ltd, World Forex, AAAFx International, Goldencapitalfx, PAXFOREX, WesternFX, FxGen, BCS Forex, Global Liquidity Exchange, TNFX and many more).

*** Brokers with bad reputation usually have only one office here ***

Trading Products

  • Forex:
  • Gold:
  • Petroleum:
  • Index:
  • Cryptocurrency: –
  • Stock: –
  • Other Commodities: –
  • Bond: –

Broker type

Land-FX is a No dealing desk (NDD) broker. It offers ECN (Electronic Communication Network) and STP (Straight Through Processing).

Bonuses and promotions

The company does not have any promotional services at this time. Customers can keep track of new promotions on the main website.

Contact Details

    

Trading platform

  • MT4 : PC, Tablet and Mobile
  • MT5 : PC, Tablet and Mobile

LAND-FX Review

land fx logo

Land-FX is a simple broker with high flexibility. As for the trading server, it is relatively stable. Trading with no delay, open-close orders quickly, and smooth adjustment of Take Profit and Stop loss points.

Spread fees are generally quite low (Standard account) except gold where spread fees are a bit too high.

Land-FX is ranked first on the best trading experience for traders.

Advantages

Narrow Spread
  • Zero Spread and Standard account types offer low spread fee.
  • Land-fx is ranked 3rd in the ranking of the lowest service fee Forex Brokers (Spread, Commission and Swap) (click to see details).
The website is easy to use

Manage web pages as records, easy to use.

Live chat responds well

Support staff are good at answering questions, seem knowledgeable.

There is a Copy Trade system

There is a Copy Trade system accessing the services through Zulutrade.

Disadvantages

Leverage cannot be adjusted

Leverage cannot be adjusted, only able to adjust down (on the web) if the adjustment is up, it is a need to notify via email.

Gold spread is a bit too high

Spreads for currency pairs are narrow, but gold spreads are wide when compared to other brokers.

Pro account spread is higher than that of Standard account

It doesn’t make much sense that the Pro account spreads are higher than the Standard account.

Having no bonuses

Currently, Land-FX does not offer any bonuses or promotions.

Trading on the website is not supported

Unable to trade on the website.

Is Land-FX service fee high or low? (SPREAD, COMMISSION, SWAP)

Zero Spread (ECN) and Standard account types

Although the spread of Land-FX is mid-range, not very narrow, but due to the relatively low swap rate, Land-FX was able to come up to the 3rd rank.

Therefore, Land-FX is suitable for traders whose trading style is “Position trading” (holding across the day).

Sample Spread of Land-FX– Standard, ECN and Pro

Average spread over 7 major currency pairs of Land-FX

land-fx spread

Swap fee over 7 major currency pairs of Land-FX

swap land-fx

Commission Fee of each type of Land-Fx ECN (Zero) account.

For MT4: 7 USD/lot is the same for all currency pairs.

For MT5: Each currency pair has different commission rates.

    • EURUSD : 8 USD/lot
    • USDJPY : 6 USD/lot
    • GBPUSD : 8 USD/lot
    • USDCHF : 8 USD/lot
    • USDCAD : 4 USD/lot
    • AUDUSD : 8 USD/lot
    • NZDUSD : 8 USD/lot
    • XAUUSD : 8 USD/lot

Is Land-FX reliable and reputable ?

Brokers from the British Isles, holding two licenses, FSA and FCA. For the service standard, it is considered to be at a good level. However, the downside is the lack of proof of the office registration license at the Griffith Corporate Center, Beachmont, Kingstown, St. Vincent & Grenadines.

Year of Establishment : 2012

License Certificate (Regulator)

1. FSA (Finance Services Authority)

  • License Certificate No: 23627 IBC 2016
  • Landprime Ltd (land-fx.com)
  • Provide services to customers all over the world, except; USA, Cuba, Sudan, Syria and North Korea
  • *** Normally, the list of brokers registered in the FSA will appear in the Website: www.fsaseychelles.sc/capital-markets, but we couldn’t find it.

2. FCA (Financial Conduct Authority)

  • License Certificate No: FRN 709866
  • Land-FX UK Ltd. (land-fx.co.uk)
  • Provide services to customers within Europe (European Union)
  • Clients become a member of the Financial Services Compensation Scheme, which provides protection for customers’ funds of up to £50,000 in the event of company bankruptcy or closure.
  • Click to view the License Certificate

Head Office

Actually, Land-fx has offices all over the world, but according to the law of the regulatory organization, they are allowed to notify the address of two offices on the website, which are;

1.London, United Kingdom 

Address: 1 Filament Walk, Wandsworth, London SW18 4GQ, United Kingdom

2. Griffith Corporate Center Office, St. Vincent & Grenadines 

Address: Griffith Corporate Center, Beachmont, Kingstown, St. Vincent & Grenadines

*** It is a small island country, where many Forex brokers come together. There are both big brokers who expand branches and register their brokers here (such as HotForex, Fair Forex, Templer FX, Diamond FX, AMarkets, TIO Markets Ltd, World Forex, AAAFx International, Goldencapitalfx, PAXFOREX, WesternFX, FxGen, BCS Forex, Global Liquidity Exchange, TNFX and many more).

*** Brokers with bad reputation usually only have one office here ***

Other branches (Have been removed from the website)

  • Russia : 4th Lesnoy Pereulok, 4, Moscow, 125047
  • Singapore : 8 Marina View, #07-04 Asia Square, Tower 1, Singapore, 018960
  • Malaysia : Level 14 & 15, DPulze Cyberjaya, Lingkaran Cyber Point Timur, Cyber 12, Selangor, 63000 Cyberjaya
  • Indonesia : H Tower 18th floor, Jl HR. Rasuna Said, Jakarta, 12940
  • Thailand : Sorachai Building, 33, 23 Soi Sukhumvit 63, Khlong Tan Nuea, Watthana, Bangkok 10110
  • New Zealand : Plaza Level, 41 Shortland Street, Auckland, 1010 New Zealand Tel : +(64) 9 363 9770
  • Egypt : 22, Heliopolis, Cairo, Egypt

Customer capital protection

Land-Fx segregates the customers’ funds from the company account. Customers’ funds are deposited in world-class banks such as Bank of America and Barclays, which are securely managed.

bank of americabarclays

To what extent is LAND-FX popular with traders around the world ?

Land-FX’s popularity among global traders is relatively low, especially on social media, which performs worse when compared to other brokers.

35% : Forex Peace Army [Score : 0.35 | 43 Reviews]
6%
25% : Trustpilot [Score : 3.3 | 29 Reviews]
12%
25% : myfxbook [Score : 3.2 | Total Votes : 119]
41%
2.5% : Google Review [Score : 2.0 | 88 Reviews]
94%
2.5% : Facebook [75K like this]
29%
2.5% : Intragram [- Followers]
1%
2.5% : Twitter [454 Follows]
6%
2.5% : Youtube [234 subscribers]
12%
2.5% : Linkedin [- followers]
1%

Land-FX Services

Website and account management system is simple but effective.

After applying for an account opening, there will be staff calling to assist customers.

Account management page on the website (back-of-house system) is easy to use, with complete tools, easy to find, and not cluttered.

There is flexibility and smoothness both on the website and trading.

Website supports multiple languages

After applying, the staff will call to give advice and information about trading; including promotions and the competition that is being held.

Live chat

Live chat : www.land-fx.com

Live chat system has a function to record the conversation between customers and staff, which will be sent to Email.

For Land-FX, there are support staff available in 5 languages: English, Thai, Japanese, Chinese, and Filipino.

Tel : (+44) 20 7193 9990 (United Kingdom)

Email 

General inquiries: [email protected]

Deposit and withdrawal: [email protected]

Land-FX Trading Experience

Land-Fx is the smoothest trading broker. The team all agreed that the server is relatively excellent, no delay is visible. Standard account is recommended due to the low spread fee (currency pairs). The disadvantage is that the gold spread is a bit too high.

Apichart T.

Server is good. Open and close orders very smoothly (less than 1 s). Spread fees are quite low. Only gold spread and swap fees are a little too high. Recommend Standard account.

Yoya Yoshida

Open – close orders quickly, no delay, can adjust a take profit and stop loss points immediately. Suitable for currency trading.

Trading gold is not recommended because the gold spread fee is higher than other brokers.

Attawat Rx

All trading accounts are equally excellent. Standard account is recommended due to its lower deposit than ECN accounts and total fees (the spread+Commision) are as low as an ECN account.

Parichat B.

Opening and closing orders is very fast, able to close upto 5 orders at the same time, no delay. Recommend Standard account.

Sila T.

Land FX is a good quality broker, however the spread fee is of mid-range level, suitable for small trading accounts.

Uaiporn R.

Account page (back-of-house system) is easy to use, with complete tools, easy to find, not cluttered, fastest trading since testing.

Land-FX Conclusion

Land-FX is ranked the 3rd in The Best Forex Broker Ranking 2022

References

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

Leave a Reply

Your email address will not be published. Required fields are marked *