Land Prime (Land-FX) Review |
|
| 📅 Year founded |
2008 |
| 📈 Multiple top-tier regulation |
No |
| 📍 Headquarters |
Kingstown, Saint Vincent and the Grenadines |
| 🌍 Country of regulation |
United Kingdom |
| ✅ Regulators |
FCA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$10 USD |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
Unknown |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Stocks |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / UnionPay / Skrill / Neteller / Sticpay / Fasapay / Cryptocurrencies |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / EUR / JPY |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP / PAMM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
After 6 consecutive months, $10 USD monthly |
| 💰 Withdrawal fee |
Dependant on transaction method |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
2 000:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
67 + |
| 🔢 Number of clients |
210 000 + |
| 🥇 Instruments Offered |
105 + |
| 📙 Education |
None |
WHAT IS LAND PRIME?
Land Prime is an established forex and commodities broker that offers a wide array of trading services to clients globally. It is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which is one of the most respected regulatory bodies in the financial world.
This regulation not only underscores Land Prime’s commitment to upholding the highest standards of financial integrity and consumer protection but also enhances its credibility among traders.
Operating under strict regulatory oversight, Land Prime provides a secure trading environment where clients can trade a variety of instruments ranging from forex pairs to precious metals and other commodities. The broker emphasises transparency, client security and ethical trading practices, which are all crucial in maintaining trust and reliability in the volatile world of Forex trading.
Land Prime’s compliance with FCA regulations means it adheres to stringent guidelines that include client fund protection, maintaining adequate capital and conducting regular audits. This regulatory framework ensures that Land Prime operates with the utmost professionalism and fairness, thus providing a stable and reliable platform for all levels of traders, from novices to experienced professionals.
The FCA’s oversight also ensures that in the event of disputes or irregularities, there is a framework in place to handle complaints and protect investors’ interests, further solidifying Land Prime’s position as a trustworthy broker in the international financial markets.
INTRODUCTION
Originally known as Land-FX, Land Prime has undergone a strategic rebranding to better reflect its enhanced service offerings and its commitment to becoming a prime choice for traders worldwide.
Founded in 2008, the broker has steadily grown its presence in the forex industry, carving out a reputation for reliability and client-focused services.
Headquartered in Kingstown, Saint Vincent and the Grenadines, Land Prime operates in a strategically important location for financial services. This locale not only provides a favourable business environment but also positions Land Prime within reach of global markets, enabling it to serve traders from various parts of the world more effectively.
The choice of headquarters underscores the broker’s global approach and its aim to cater to an international clientele with diverse trading needs.
The rebranding from Land-FX to Land Prime marks a significant milestone in the company’s history, symbolising a new era of enhanced trading platforms, expanded product offerings and improved client services. This change reflects the company’s evolution and its ongoing commitment to excellence in the dynamic world of forex trading.
As Land Prime continues to build on its strong foundation, it remains dedicated to providing its clients with robust trading solutions, advanced technological infrastructure and a transparent trading environment, all regulated under the strict guidelines of the FCA in the UK. This ensures that both the company’s legacy and future are firmly rooted in trust, innovation and performance.
PROS & CONS
PROS
- Regulated by the FCA.
- Wide range of forex pairs with over 67 available.
- Advanced trading platforms in MetaTrader4 and MetaTrader5.
- Competitive spreads and low trading fees.
CONS
- No educational resources for beginners.
- Withdrawal fees are applicable on certain account types.
TRADING INSTRUMENTS
Land Prime offers a comprehensive suite of trading instruments, ensuring that traders of all preferences and strategies can find markets that suit their needs.
Forex
Land Prime provides traders access to a broad range of currency pairs including major pairs like EUR / USD, GBP / USD and USD/JPY, along with numerous minor and exotic pairs. This wide selection allows traders to capitalise on fluctuations in global currency markets and to employ a variety of forex trading strategies.
Indices
For those interested in broader market movements, Land Prime offers the ability to trade on major global indices such as the Dow Jones Industrial Average, NASDAQ, S&P 500, FTSE 100 and others. Trading indices allows traders to speculate on the overall direction of the stock markets without having to analyse the prospects of individual companies.
Commodities
Land Prime’s commodities trading includes precious metals like gold and silver, which are traditional safe havens during times of economic uncertainty. Additionally, traders can engage in trading energy commodities such as oil and natural gas, which offer dynamic pricing influenced by geopolitical and macroeconomic factors.
Stocks
Expanding beyond forex and commodities, Land Prime also provides opportunities to trade on individual stocks. This allows traders to take positions on the performance of specific companies, diversifying their trading strategies further and taking advantage of economic news related to particular sectors or businesses.
This diverse offering of trading instruments makes Land Prime a versatile choice for traders. By encompassing a wide array of financial markets, the broker caters to various trading styles and strategies, enabling both short-term traders and long-term investors to pursue their specific trading objectives effectively.
Additionally, with access to multiple asset classes, traders can manage risk more effectively by spreading their investments across different types of markets.
TRADING PLATFORMS
Land Prime offers its clients access to two of the industry’s most renowned and widely used trading platforms: MetaTrader4 (MT4) and MetaTrader5 (MT5). Each platform caters to different trader needs and preferences, ensuring that all trading styles and strategies can be accommodated.
MetaTrader4 (MT4)
MT4 remains one of the most popular trading platforms in the forex industry due to its user-friendly interface, robust functionality, and versatility. Some key features of the MT4 platform include the following:
- Advanced Charting Tools: MT4 offers a comprehensive set of charting capabilities, allowing traders to analyse market trends and price movements with precision.
- Automated Trading: Traders can use Expert Advisors (EAs) to automate their trading strategies, reducing the need for manual intervention and allowing for 24/5 trading.
- Custom Indicators: Users can develop their own custom indicators or download existing ones to enhance their market analysis.
- Multi-language Support: MT4 is accessible to a global audience with support for multiple languages, making it a preferred choice for traders worldwide.
MetaTrader5 (MT5)
As the successor to MT4, MT5 offers all the esteemed features of its predecessor along with additional capabilities designed for more experienced traders. Enhancements in MT5 include the following:
- More Timeframes and Technical Indicators: MT5 includes more charting timeframes and technical indicators, giving traders a more detailed view of the market.
- Economic Calendar: Integrated directly into the platform, the economic calendar provides real-time updates on global economic events that can impact market movements.
- Advanced Order Management: MT5 allows for more advanced order types and better control over order execution, which can be crucial for executing complex trading strategies.
- Support for Stocks and Commodities: Unlike MT4, MT5 also supports trading in stocks and commodities directly from the platform, providing a more comprehensive trading experience.
Both platforms are available for desktop, web and mobile versions, ensuring that traders can manage their accounts and trade from anywhere at any time. The availability of both MT4 and MT5 allows Land Prime to cater to a diverse range of trading activities and preferences, from scalping and day trading to long-term investing and portfolio management.
This flexibility, combined with high-end performance and reliability, makes Land Prime’s platform offerings robust choices for both novice and experienced traders.
ACCOUNT TYPES
Land Prime caters to a diverse clientele by offering two distinct types of trading accounts: Standard and ECN. Each account type is designed to meet different trader needs based on their trading style, experience level and financial goals.
Standard Account (Copy Trading Account)
The Standard Account at Land Prime is tailored for traders who prefer a simple and straightforward trading experience without the complexities of dealing with the direct market. The Standard account includes leverage of up to 500:1 and requires a minimum deposit of only $10 USD.
Additionally, spreads start from 0.9 pips and no commissions are charged in this account type.
ECN Account
For more experienced traders or those looking for tighter spreads and faster execution, the ECN (Electronic Communication Network) Account provides a more professional trading environment. The ECN account provides spreads from as low as 0.0 pips with commissions being charged at 0.3 pips per lot.
Additionally, leverage of up to 1 000:1 is available and a minimum deposit of $1 000 USD.
Both account types offer full access to MetaTrader4 and MetaTrader5 platforms, allowing traders to utiliSe the full range of tools and features available on these platforms. Whether a trader chooses a Standard or ECN Account, they can benefit from Land Prime’s robust trading infrastructure, customer support and access to extensive educational resources to support their trading activities.
HOW TO OPEN AN ACCOUNT
Opening an account with Land Prime is straightforward and can be done via the broker’s website. Firstly, clients are required to provide their personal details and documents required by the broker.
Once the documents have been verified, traders can select their account type, deposit funds and begin trading.
DEMO ACCOUNT
For beginners, Land Prime offers a demo account where users can practice trading with virtual funds without any financial risk. This is a great way to familiarise yourself with the trading platforms and test different trading strategies.
SOCIAL TRADING AND COPY TRADING
Land Prime incorporates social and copy trading features, allowing traders to mimic the trades of experienced professionals. This is particularly useful for new traders or those looking to diversify their trading strategies.
The copy trading features are easily accessible through the use of tools such as EAs on the MT4 and MT5 platforms. Additionally, the broker provides their own copy trading service which traders are able to access and implement on the broker’s account.
COMMISSIONS AND FEES
The broker charges competitive commissions and fees, which vary depending on the account type. The Standard Account provides spreads from 0.9 pips while no commissions are charged. The ECN Account has raw spreads while trades are charged at 0.3 pips per lot.
Additionally, there are inactivity fees charged at $10 USD per month after 6 consecutive months of inactivity.
LEVERAGE
Leverage options at Land Prime can be high, depending on the trader’s location and account type. It allows traders to open larger positions with a smaller amount of actual capital.
WITHDRAWALS AND DEPOSITS
Deposits and withdrawals are streamlined at Land Prime, with multiple payment methods available including bank transfers, credit cards and various eWallets. Transaction times may vary, but the process is generally efficient.
The broker does not charge any fees on deposits, however there are fees applicable on withdrawals. An in-depth fee chart can be found on the broker’s website.
CUSTOMER SERVICE
Customer service at Land Prime is available via live chat, email and telephone. The responsiveness can vary, but the support team is generally knowledgeable and helpful.
Customer support at the broker is available 24/5 and can be accessed in multiple different langauges.
SAFETY AND SECURITY
Land Prime prioritises the safety and security of its clients’ funds and personal information, which is ensured through stringent regulatory compliance and advanced security measures. The broker’s adherence to high standards of operational integrity is underpinned by oversight from the FCA.
Financial Conduct Authority (FCA) – UK
Land Prime is regulated by the FCA, one of the most respected financial regulatory bodies worldwide. The FCA’s strict guidelines ensure that Land Prime maintains the highest standards of financial integrity and consumer protection including client fund protection, regular financial reporting and ethical market conduct.
Advanced Security Technologies
To protect the integrity of client data and financial transactions, Land Prime employs state-of-the-art security technologies including SSL encryption, two-factor authentication and advanced firewalls and server security.
Compliance with International Financial Standards
Land Prime’s commitment to safety and security is also evident in its compliance with international financial standards, which govern its operational procedures, client interaction and overall business practices. This global compliance not only fortifies Land Prime’s credibility but also reassures traders of the broker’s dedication to maintaining a secure and reliable trading environment.
These comprehensive measures demonstrate Land Prime’s dedication to safeguarding its clients’ interests and maintaining a secure trading environment, making it a trusted partner in the forex and commodities markets.
PROMOTIONS
Promotional offers at Land Prime are not offered at the time of writing, however, traders are encouraged to visit the broker’s website regularly in case this changes.
RESEARCH
Land Prime provides traders with comprehensive market research tools including market research and news, an economic calendar and weekly tips from the broker’s experts. Additionally, traders can access a variety of research tools via the MetaTrader platforms.
EDUCATION
Unfortunately, there is a lack of educational resources available with Land Prime, besides the copy trading technology which traders can use to learn from expert traders’ trades.
With the vast range of educational resources available on the internet, traders should not see the lack of resources provided by the broker as a large obstacle.
GLOBAL AWARDS
Land Prime has been recognised with several awards in the forex industry, highlighting its excellence in service, innovation and customer satisfaction. Some of their most recent awards include the following:
- Most Trusted Broker Asia (2021) – IBM.
- Best Trading Platform (2020) – WFA.
- Best CFD Broker Europe (2019) – IBM.
- Best Trading Environment Broker (2018) – GFDC.
- Most Trustworthy Forex Broker (2017) – IIFE.
SAFE OR SCAM?
Determining whether Land Prime is a safe broker involves examining its regulatory status, operational history and client feedback.
Land Prime is regulated by the Financial Conduct Authority (FCA) in the UK, among the most stringent and reputable financial regulatory bodies globally. This oversight ensures that Land Prime adheres to high standards of financial integrity, client fund protection and transparent trading practices.
Regulation by the FCA significantly reduces the likelihood of fraudulent activities and underscores Land Prime’s commitment to upholding the best practices in financial services.
Since its founding in 2008, Land Prime has established a track record of reliable operations. Initially known as Land-FX and later rebranded to Land Prime, the company has demonstrated stability and growth within the competitive forex trading industry.
A history devoid of major regulatory penalties or significant client disputes is a positive indicator of its legitimacy and operational integrity.
Feedback from existing and past clients can provide valuable insights into whether a broker operates fairly. While mixed reviews are common in the brokerage industry, the overall sentiment towards Land Prime is generally positive, with many clients highlighting the reliability of its trading platforms, the fairness of its trading conditions and the quality of customer support.
The implementation of advanced security measures such as SSL encryption, two-factor authentication and strict adherence to regulatory standards further reassures the safety of client funds and personal information.
Based on these factors, Land Prime appears to be a safe and legitimate broker. Its regulatory compliance, established market presence and commitment to client security are all indicative of a trustworthy and reliable trading partner in the forex and commodities markets.
CONCLUSION
Land Prime is a reliable and competitive broker for traders seeking a variety of trading instruments and advanced trading platforms.
While there are areas for improvement, particularly in educational resources and customer support, the broker’s overall service provision is robust and geared towards fostering a productive trading environment.
Despite the lack of educational resources available with the broker, after conducting the above review into the broker, the team at Brokersuggest.com can highly recommend Land Prime as an excellent broker for more experienced traders.
