Land-Fx Review 2024 with Rankings By Dumb Little Man

Land-Fx Review

Forex brokers are crucial intermediaries for traders looking to navigate the complex world of foreign exchange markets. Land-FX, established in 2013, has emerged as a notable player in this field. Over a decade, it has expanded globally, earning the trust of nearly a million traders and bagging numerous international awards. This success is partly due to its partnerships with major banks and exchanges, ensuring the secure storage of client funds and providing accurate market quotes.

This review aims to offer a comprehensive evaluation of Land-FX, highlighting its unique selling propositions and potential drawbacks. We intend to delve into the various account options, deposit and withdrawal processes, and commission structures Land-FX offers. By integrating expert analysis with real trader experiences, our goal is to furnish you with the critical insights needed. This information will help you decide whether Land-FX stands out as the preferred brokerage service provider for your trading needs.

What is Land-Fx?

Land-Fx is a distinguished Forex broker that has made a significant mark in the Forex market since its inception in 2013. In the past decade, it has catapulted to a global platform, securing the confidence of around a million traders worldwide and earning multiple international awards. This global reach is underpinned by strategic partnerships with major banks and exchanges, which guarantee the secure storage of clients’ funds and the provision of the most accurate quotes.

One of the standout features of Land-FX is its flexible approach towards leverage and trading strategies for clients outside the UK and EU. The broker does not impose restrictions on leverage, and supports a variety of trading strategies, including hedging, algo-trading, and copy trading. This flexibility makes Land-FX a compelling choice for traders seeking a versatile platform that accommodates diverse trading preferences and strategies.

Safety and Security of Land-Fx

After a comprehensive analysis by Dumb Little Man, it’s clear that Land-Fx prioritizes the safety and security of its clients’ funds and operations. Being regulated by the Financial Conduct Authority (FCA), the most esteemed financial supervisory authority in Europe, Land-FX adheres to strict regulatory standards. This regulation ensures a high level of security for traders, reinforcing Land-FX’s commitment to reliability and trust.

For its operations outside the European Union, Land-FX has established a presence in Saint Vincent and the Grenadines, regulated by the FSA, also known as SVGFSA. This strategic move allows Land-FX to offer its services globally while maintaining regulatory compliance. Furthermore, clients from the United Kingdom and the European Union benefit from the Financial Services Compensation Scheme (FSCS). This scheme is a significant safety net, offering compensation up to £50,000 per trader in case of insolvency or cessation of Land-FX’s operations, further showcasing the broker’s dedication to client security.

Pros and Cons of Land-Fx

Pros

• 65 currency pairs
• Regulated by FCA
• Leverage up to 1:2000
• Low initial deposit, minimum $10
• Floating spreads from 0.5 pips

Cons

• Deposits could incur fees
• No cryptocurrencies and stock CFDs trading

Sign-Up Bonus of Land-Fx

At the current moment, Land-Fx does not offer a sign-up bonus for new clients. This approach emphasizes the broker’s focus on providing value through its core services rather than promotional incentives. Potential traders should consider the comprehensive trading conditions and features Land-FX offers, beyond the absence of a sign-up bonus.

Minimum Deposit of Land-Fx

Land-Fx has set its minimum deposit amount at $20. This low entry barrier makes it accessible for a wide range of traders, from beginners to experienced ones, to access the Forex market. It reflects Land-FX’s commitment to providing opportunities for all levels of investors to engage in trading activities.

Land-Fx Account Types

After rigorous testing and research by the team of experts at Dumb Little Man, the following account types offered by Land-FX have been detailed:

Standard Account

• Minimum deposit: $10
• Spreads: Starting from 0.9 pips
• Suitable for trading Forex, CFDs, metals, oil, and futures.

Prime Account

• Minimum deposit: $300
• Spreads: From 0.5 pips
• No commission per lot. Trades can include currency pairs, CFDs, gold, silver, and futures contracts.

ECN Account

• Minimum deposit: $1000
• Spreads: Starting from 0 pips
• Commission of 0.3 pips per lot, designed for currency and metal trades.

Swap Free Accounts

• Minimum deposit: $10
• Spreads: Starting from 0.9 pips
• No commission per lot, allowing trading in currencies, gold, and silver without swap fees.

Land-Fx Customer Reviews

Customer reviews highlight Land-Fx as a brokerage that simplifies access to the complex Forex market, making it notably friendly for beginners and seasoned traders alike. New users appreciate the straightforward registration process and the supportive customer service team, indicating a desire for more comprehensive educational resources to aid in their trading journey. Experienced traders value Land-FX for its ability to offer higher leverage than typically available under FCA regulation, without a cumbersome compliance process. This flexibility allows traders to manage their investments on their own terms. Additionally, clients praise Land-FX for its competitive services in regions like Georgia, where the platform stands out for its minimalistic approach, absence of hidden fees, and direct sales tactics.

Land-Fx Fees, Spreads, and Commissions

Land-Fx implements floating spreads across all account types, ensuring competitive trading conditions. For those engaging in the ECN network, spreads can be as low as 0 pips, offering an ideal environment for cost-effective trading. In contrast, STP accounts see spreads starting from 0.5 pips. A notable feature for ECN account holders is the additional commission of 0.3 pips per lot, equivalent to $3 for the EUR/USD pair, which is a relatively low cost for accessing deep liquidity pools.

Regarding fees, Land-FX has a deposit fee structure that varies by the trader’s country, ranging from $0.29 plus 3.9%-4.4%. However, the broker offers a significant advantage by covering these charges for deposits over $100, regardless of the payment method used. This policy encourages larger deposits by alleviating the initial financial burden on traders. It’s important to note that if a trader executes less than 2 lots, Land-FX may reclaim the deposit commission it initially covered.

Withdrawal fees are another consideration, varying from 0% to 2.5% of the transaction amount. This range allows for relatively cost-efficient access to funds, although the exact fee depends on the chosen withdrawal method and the transaction size. 

Deposit and Withdrawal

A trading professional at Dumb Little Man tested the deposit and withdrawal processes of Land-Fx, providing valuable insights into the broker’s financial transactions. For withdrawals, Land-FX offers a variety of methods, including bank transfers, VISA and Mastercard cards, Skrill, Neteller, FasaPay, and STICPAY. Additionally, withdrawals can be made in BTC and USDT cryptocurrencies, catering to the diverse preferences of traders.

The processing time for withdrawal requests by Land-FX is typically 1-2 business days. However, time frames vary based on the withdrawal method: 4-7 business days for cards and 2-5 days for bank transfers. It’s important to note that funds are generally returned to the source of the initial deposit, though exceptions exist, particularly with card and Neteller withdrawals, where the withdrawal amount is capped at the deposited amount.

Withdrawal fees are structured to favor the trader: FasaPay and card withdrawals carry 0% commission, while Skrill has a 1% commission. Neteller withdrawals incur a 2% commission (up to $30 per transaction), and STICPAY charges 2.5% + $0.3 commission. The cost associated with bank transfer services varies according to the receiving bank’s policies. This detailed examination underscores Land-FX’s commitment to providing transparent and efficient financial transactions for its clients.

How to Open a Land-Fx Account

1. Navigate to the Land-Fx homepage and initiate the account opening process.
2. Fill in the registration form with your name, surname, date of birth, email, and phone number.
3. Confirm your phone number by entering the verification code sent to you.
4. Note down your account number and password provided for future access.
5. Complete any additional verification steps required by Land-FX for account security.
6. Choose the type of trading account that best suits your trading style and preferences.
7. Submit any required documents for identity and residence verification.
8. Wait for approval from Land-FX, which typically takes a short period to process.
9. Once approved, deposit the minimum amount required to start trading.

Land-Fx Affiliate Program

Land-Fx‘s affiliate program offers two main partnership opportunities: Introducing Broker (IB) and White Label. These programs are designed to accommodate both individuals and companies interested in collaborating with Land-FX to broaden its client base.

The Introducing Broker program provides partners with promotional materials such as banners and a website, along with 24/5 support. IBs benefit financially from the trading activities of their referred clients, receiving a share of the profits generated from these trades. Additionally, the most successful IBs have the opportunity to open regional branches with complete financial backing from Land-FX.

On the other hand, the White Label partnership is tailored for companies wishing to offer brokerage services under their brand while leveraging Land-FX’s technologies. This program includes a comprehensive setup of the White Label service, which can be fully implemented within up to 3 weeks, allowing partners to quickly start their brokerage operations with robust support and technology infrastructure from Land-FX.

Land-Fx Customer Support

Based on the experiences detailed by Dumb Little Man, Land-Fx offers multiple channels for customer support, ensuring that traders can easily connect with a company representative for assistance. Traders can utilize the Live Chat feature for instant support, make a call for direct conversation, send an email to [email protected], or complete the feedback form available on their website. These options underscore Land-FX’s commitment to providing accessible and responsive support to meet the needs of its clients efficiently. Each method is designed to cater to different preferences, ensuring that every trader has a seamless experience when seeking help or information.

Advantages and Disadvantages of Land-Fx Customer Support

Land-Fx vs Other Brokers

#1. Land-Fx vs AvaTrade

Land-Fx is known for its strong regulatory framework and flexible trading conditions, including high leverage options and low deposit requirements. AvaTrade, on the other hand, boasts a broader array of financial instruments, serving a vast global clientele with over 1,250 trading options. AvaTrade’s commitment to providing a full online trading experience is supported by its heavy regulation and licensing across multiple jurisdictions, including Australia and Ireland.

Verdict: AvaTrade might be better for traders looking for a wide range of trading instruments and who prioritize trading with a heavily regulated broker. Its global presence and regulatory framework provide a secure trading environment, particularly for traders outside the US. However, Land-Fx could be more appealing to those seeking higher leverage and lower initial deposit requirements, with its robust offering in Forex markets.

#2. Land-Fx vs RoboForex

Land-Fx and RoboForex both offer competitive trading conditions, but RoboForex distinguishes itself with its extensive range of over 12,000 trading options across eight asset classes. RoboForex’s use of cutting-edge technologies and flexible trading platforms, including MetaTrader, cTrader, and RTrader, caters to a wide variety of trading styles and volumes.

Verdict: RoboForex may be the better option for traders seeking diversity in trading platforms and a vast array of trading instruments. Its innovative approach to trading technology and personalized trading terms make it ideal for both novice and experienced traders. Land-Fx, with its focus on Forex and CFD trading and strong regulatory backing, remains a solid choice for traders prioritizing security and straightforward trading conditions.

#3. Land-Fx vs FXChoice

Both Land-Fx and FXChoice cater to active and passive traders in the Forex market, but FXChoice places a strong emphasis on customer service and offers an array of services for automated trading. FXChoice’s trading conditions are tailored more towards experienced traders, offering professional ECN accounts with tight market spreads. In contrast, Land-Fx offers a more generalized approach with flexible account types and trading conditions.

Verdict: FXChoice stands out for traders seeking specialized services for automated trading and those who prefer trading with a broker that offers professional ECN accounts. Its focus on business integrity and customer-centric approach makes it a strong contender for experienced traders. Land-Fx, with its broad regulatory compliance and flexible trading options, might be more suited to traders looking for a secure and versatile trading environment, especially for those new to the Forex market.

>> Also Read: AvaTrade Review 2024 By Dumb Little Man: Is It The Best Overall Broker?

Choose Asia Forex Mentor for Your Forex Trading Success

For individuals passionate about forging a lucrative career in forex trading and aiming for significant financial success, Asia Forex Mentor is the premier destination for top-tier forex, stock, and crypto trading education. Ezekiel Chew, celebrated for his contributions to trading institutions and banks, spearheads Asia Forex Mentor. Notably, Ezekiel consistently secures seven-figure trades, distinguishing him significantly from his peers in educational circles. The reasons behind our endorsement are compelling:

Comprehensive Curriculum: Asia Forex Mentor delivers a thorough educational program spanning stock, crypto, and forex trading. This meticulously designed curriculum prepares budding traders to thrive across these varied markets.

Proven Track Record: The reputation of Asia Forex Mentor is solidified by its consistent success in nurturing traders who profit in different market segments. This success underscores the efficacy of their educational and mentorship approaches.

Expert Mentor: Asia Forex Mentor students receive advice and insights from a mentor with a proven track record in stock, crypto, and forex trading. Ezekiel’s personalized support empowers students to confidently tackle market complexities.

Supportive Community: Membership in Asia Forex Mentor grants entry to a supportive network of traders focused on success in the stock, crypto, and forex arenas. This community encourages mutual support, exchange of ideas, and collaborative learning, enriching the educational journey.

Emphasis on Discipline and Psychology: Achieving trading success requires a disciplined mindset. Asia Forex Mentor emphasizes psychological training to aid traders in emotion management, stress coping and making informed decisions during trades.

Constant Updates and Resources: Given the ever-evolving nature of financial markets, Asia Forex Mentor ensures students stay informed on current trends, strategies, and market insights. Ongoing access to resources helps traders maintain a competitive edge.

Success Stories: Asia Forex Mentor boasts numerous testimonials from students who have dramatically improved their trading careers and attained financial independence through its comprehensive forex, stock, and crypto trading education.

Asia Forex Mentor stands out as the optimal choice for individuals desiring the finest forex, stock, and crypto trading education to sculpt a successful career and secure financial growth. With its all-inclusive curriculum, seasoned mentors, practical approach, and encouraging community, Asia Forex Mentor equips aspiring traders with the essential tools and guidance to evolve into proficient professionals in diverse financial domains.

Conclusion: Land-Fx Review

In conclusion, the team of trading experts at Dumb Little Man has provided a comprehensive review of Land-Fx, highlighting its strengths and areas for potential improvement. Land-FX emerges as a strong contender in the forex trading industry, praised for its flexible trading conditions, low minimum deposit requirements, and diverse account options. These features make it an attractive option for both novice and experienced traders seeking to navigate the complex forex markets.

However, it’s important for potential traders to consider the limitations associated with Land-FX, such as the absence of cryptocurrency and stock CFDs trading, and the possibility of incurring fees on deposits and withdrawals under certain conditions. While these cons may affect the trading experience for some, they are balanced by the broker’s advantages, including regulatory compliance, competitive spreads, and access to a broad range of markets.

>> Also Read: Range Market Review 2024 with Rankings By Dumb Little Man

Land-Fx Review FAQs

What is the minimum deposit required to start trading with Land-Fx?

The minimum deposit at Land-Fx is set at $20, making it accessible for traders at different financial starting points.

Is Land-Fx regulated, and how does it ensure the safety of my funds?

Yes, Land-Fx is regulated by the FCA and other jurisdictions, ensuring high safety standards. It partners with major banks and exchanges to secure clients’ funds, providing a safe trading environment.

Can I trade cryptocurrencies and stock CFDs on Land-Fx?

No, Land-Fx currently does not offer the option to trade cryptocurrencies and stock CFDs, focusing instead on Forex, metals, oil, and futures trading.