Land-FX is a broker active in more than 10 different countries, including European and Asian. It is based in New Zealand, but also has offices in Britain and the United States. This broker appears to be a good option for mid-range retail traders who can offer a full range of standard brokerage services.
Land-FX was founded by experienced market experts. She has successfully continued to work for several years, and was able to bring fresh notes to the industry with her business methods, as well as an approach that is distinguished by a high level of professionalism.
Land-FX: trading conditions
The company offers its clients access to the Forex market, allowing them to trade approximately 70 traditional and exotic currency pairs. Here, traders can also conclude transactions in various precious metals, raw materials and stock indices, as well as trade ECN, for which you need to open a separate trading account.
In total, there are several types of accounts that are available on Land-FX. The broker’s official website (www.land-fx.com) informs that clients have access to:
- demo account (no deposit is required to open it on Land-FX. It allows a novice trader to get comfortable with the peculiarities of trading before opening any real account with a broker);
- individual account (a common type of account that allows you to start trading with micro lots);
- corporate account (the type of account is similar to individual, but the minimum deposit there is much higher);
- ECN account (includes $ 35 negotiable commission per $ 1 trade);
The minimum deposit to start trading on Land-FX is $ 300 (for opening an individual account), which is a perfectly acceptable amount. To create corporate and ECN accounts, the smallest deposit is $ 10 thousand and $ 2 thousand, respectively.
On the financial side, there are many payment methods that Land-FX allows you to use. Withdrawals and replenishments are possible using Visa and MasterCard cards, bank transfers and various electronic wallets, including Qiwi, Skrill, WebMoney, Neteller, UnionPay and several others.
As a trading platform, Land-FX offers to use the terminals MetaTrader 4 and MetaTrader 5 (versions for personal computers, smartphones and tablets are available separately), as well as MultiTerminal, which allows traders to manage multiple accounts with a broker. MT4 and MT5 are the most famous and widely used terminals for Forex trading. The advantage of Land-FX is high-speed connection to their servers, which ensures extremely high speed of command execution, as well as their high accuracy.
Land-FX licenses and ways of contacting it
The British FCA and New Zealand FSP act as regulators to ensure the legality of Land-FX. Thus, clients of this broker can be sure that their activities are thoroughly studied by one of the best regulatory bodies in the world, which will ensure the safety and security of their funds.
It is worth mentioning that any other European or Asian regulators do not control the activities of Land-FX. This raises questions about how this company can provide its services in more than a dozen states.
The company says its clients’ funds are held by Barclays PLC. In addition, if a client has problems, the broker promises to provide support in resolving them. Technical support works within 5 days of the week. To contact her on various issues on the company’s website there is a feedback form, as well as several e-mail addresses.
In addition, after registering on the site, the new trader will be provided with support from Land-FX employees. A personal account will give him access to the services of a professional manager who can answer any questions about the broker’s services and help complete the registration procedure.
Output
Traders looking for a broker should definitely look at a company like Land-FX. The reviews that can be found about her on the Web characterize him as a real and experienced broker that allows him to make a profit. The presence of licenses from well-known and respected regulators also speaks in his favor.
Nevertheless, the very fact of having such licenses does not make the company honest, and you can also find a lot of negative comments describing the negative experience of working with Land-FX. Thus, when cooperating with this broker, it is worth considering the possibility of losing your deposit. Trade should start with small investments and increase them only after gaining confidence in the absence of deception and a thorough study of all legal documentation that the company has posted on its website.
