Land-FX -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

Land-FX was founded in 2013, is an online broker offer forex and CFD trading services. Land-FX claims that it holds a straight-through license from the FCA in the UK, however, this FCA is suspected to be a clone one. Land-FX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea and listed

Market Instruments

Land-FX offers investors a range of financial trading instruments, including Forex currency pairs, commodities, indices, oil & gas.

Minimum Deposit

Land-FX offers traders three different trading accounts: the trader account, the ECN account, and the VIP account. The minimum initial deposit for a trader account is ￡300, the minimum lot size 0.01 lots, and the maximum leverage up to 1:500. The minimum initial deposit for an ECN account is ￡5,000, the minimum lot size is 0.1.

Land-FX Leverage

The maximum leverage offered by Land-FX is up to 1:200, when it comes to trading leverage. Since trading leverage can amplify profit as well as losses, inexperienced traders are not advised to use too high trading leverage in case of heavy fund losses.

Spreads & Commissions

The spreads on the Land-FX platform are 1.5 pips for EURUSD and 2.7 pips for EURGBP, 4.3 pips for GBPAUD, as low as 0.1 pips for EURUSD, and 2 pips for spot gold with a commission of 0.3 pips per lot for ECN accounts. The EURUSD spread on the VIP account is 0.9 pips and EURGBP 2.2 pips.

Trading Platforms

Land-FX provides traders with the most popular trading platform, MT4 (compatible with PC, mobile, and tablet), FIX API, and social trading platforms. MT4 is a market-leading forex trading platform with a user-friendly trading interface, powerful charting tools, a wide range of technical indicators and backtesting environment options, and support for automated trading via EA. It helps traders to create their own trading strategies.

Deposit & Withdrawal

Land-FX supports traders to deposit and withdraw funds from their investment accounts via VISA/MasterCard credit/debit cards, wire transfer, Skrill, Neteller.

Land-FX Pros & Cons

Land-FX Advantages Include:

1. Three trading accounts to choose from

2. Popular deposit and withdrawal methods

Land-FX Disadvantages Include:

1. Spreads not competitive

2. Trading assets not that rich