The land-fx.com website is owned by Landfx Ltd. and is operated by Land Prime LTD. Land-FX describes itself as an international broker operating through multiple branches. Land-FX UK Ltd. is based in London and provides trading services to residents of the United Kingdom and the European Economic Area. LandPrime Ltd. is registered in St. Vincent and the Grenadines, while Land-FX Ltd. is registered in Cyprus. The Land FX global branch is licensed and regulated in Saint Vincent and the Grenadines by the Financial Services Authority (FSA) under number 23627 IBC 2016. In addition, Land-FX UK Ltd. is authorized and regulated by the Financial Conduct Authority (FCA), FRN: 709866. Land-FX UK Ltd. is part of the UK’s Financial Services Compensation Scheme (FSCS) and Financial Ombudsman Service (FOS). The company claims to operate in over 200 countries offering MT4 and MT5 trading platforms.
There are three types of real accounts that differ in minimum required amount, asset spread and commission.
You can trade via the award-winning MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals. The MetaTrader 4 platform has established itself as the industry standard, combining a convenient user interface with a feature-rich environment. MT4 provides everything a trader needs to analyze charts, place orders, and manage their positions.
The MetaTrader 5 platform is the successor of the most famous and most popular forex trading platform, MetaTrader 4 (MT4). Its manufacturer, MetaQuotes, integrates all the functions of the already established MT4, as well as many additional ones. MT5 with Land-FX offers the latest version of MT5, with all EAs and trading signals enabled, as well as the ability to hedge positions. MT5 allows you to view charts in 21 different time frames and have up to 100 charts open at any given time.
Land-FX provides a range of the most traded instruments, including contracts for difference on 67 currency pairs, commodities (metals and energy) and indices. However, absent from their product list are shares. The broker earns mainly from the spread of the instruments, with commissions charged for ECN accounts. The most used currency pair EUR/USD has a spread of around 0.9 pips for a Standard account. The leverage for currency pairs can be lifted to 1:500, and that for commodities up to 1:200. UK and EU accounts are limited to ESMA requirements.
Deposits are fee-free and can be made via Visa and Mastercard, bank transfer or Neteller. UK and EU customers can also use Skrill. Neteller and Skrill have minimum deposits of USD 1,000 for UK and EU customers. Processing time for most payment methods is 1-2 hours, except for bank transfers which can take up to 2 days.
Withdrawals are made using the same method as the deposit. Card refunds take between 4 and 7 business days, and other methods usually take 1-2 business days. Some methods may incur withdrawal fees, the company warns.
Land-FX provides an economic calendar on its website, complete with past results and volatility ratings. In the same section, you can also see an up-to-date overview of the market.