"Land-FX" is a relatively new FX company established in 2013.
The conditions such as transaction conditions and bonuses were very good, and the number of users increased rapidly as an advantage to MT4 automatic trading and scalping.
However, although it is considered that scalping is welcomed from the outside, transactions that impose an excessive load on the server are prohibited, and there have been many cases in the past that resulted in withdrawal refusal, account freezing, etc. as a violation of terms of service. It is a contractor.
- Land-FX safety
- Land-FX Reviews and Reputation
- Features, Pros and Cons of Land-FX
- From opening a Land-FX account to deposit and withdrawal
- Land-FX terms and conditions
- Land-FX Trading Tools App
- Land-FX Customer Support
- Land-FX Information Service
- Land-FX Campaign Bonus
|Operating company |
|LandFX UK Ltd. |
First, Land-FX has many sales offices in United Kingdom, China, Philippines, Russia, Singapore, Indonesia, Malaysia, Egypt, and so on.
Among them, "LandFX UK Ltd. (UK)", which is based in the United Kingdom, has acquired a financial license of the United Kingdom Monetary Conduct Authority (FCA).
The FCA is registered with many financial institutions in the United Kingdom and is famous for its extremely strict screening (registration number: 709866).
Land-FX has acquired this FCA license, taking into consideration the past experience in FSP, so it can be said that it is now a very reliable FX company.
It has also won numerous awards.
Client assets are separated management only
Regarding the asset protection of customers, the official site clearly states that it is affiliated with CASS (Customer Funding Regulations), Financial Services Insurance Organization (FSCS), and Financial Ombudsman Service (FOS).
CASS (Customer Funding Regulations) is one of the regulations of the FCA that is strictly controlled to enable quick return of customer assets in the event of a vendor failure.
The Financial Services Indemnification Agency (FSCS) and Financial Ombudsman Service (FOS) are the world's top investor protection services.
Client assets are compensated up to £50,000 by FSCS.
Land-FX Reviews and Reputation
Let's look at some of the reviews and reviews about the Land-FX.
Evaluation is fair with FPA
The evaluation on the largest FX bulletin board "FPA (Forex Peace Army)" is a reasonable evaluation such as "".
If you ask for comments, some people have very high ratings, while others say they are SCAMs (scammers), and the ratings vary.
However, although it is very difficult to identify this area, it seems that there will be no problem if it is a certain number of highly-rated vendors.
It may be inevitable that the evaluation of the individual is extremely divided in this way, as it is related to gain and loss.
Extreme bad reputations, especially word of mouth using the terms SCAM and fraud, are highly likely to be defeated, rule violators and misfortunes.
Features, Pros and Cons of Land-FX
|Live account||LP Bonus account||ECN account|
|Transaction fee||Free||$3.50 one way
(Per 100,000 currency)
|Transaction form||NDD STP method||NDD ECN method|
|Leverage||500 times||200 times|
|Currency pair||67 stocks (currency only)||63 types (currency only)|
|Minimum transaction unit||1,000 currency (0.01 Lot)||10,000 currency (0.01 Lot)|
|Maximum trading volume
|3 million currency (30 Lot)|
|Order method||ワOne click, Market, Limit, Stop limit, IFD , OCO , IFO|
|Double house||◯ (same account only)|
|Trading tool||Computer||MT4 (Windows)|
|Zero cut||△ (Examination required)|
|Withdrawal fee||Varies by method|
|Asset protection||Separation management||◯|
ll trading accounts have low total cost
There are three types of Land-FX trading account types, all of which can significantly reduce transaction costs.
|Live account||Leverage up to 500 times
No transaction fee
|LP Bonus account||Same conditions as Live account
No transaction fee
100% deposit bonus target
|ECN account||Leverage up to 200 times
There is a transaction fee
Very narrow spread
Live account · LP bonus account is a small trading account because the minimum transaction unit is 1,000 currency · leverage maximum 500 times · transaction fee free.
The transaction format is NDD (STP), and the spread is wider than ECN, but “free fee, high execution power, execution speed is a remarkable feature of 0.035 seconds”.
It is a fairly advantageous account as a whole.
ECN accounts require some funds because the minimum transaction unit is 10,000 currencies and leverage is up to 200 times.
It uses the NDD (ECN) method and spreads are narrow as far as possible, but transaction fees occur at $3.50 per 100,000 currency.
However, in terms of the total cost, this is also a very good deal among major FX vendors.
Specifications such as transaction conditions, deposit and withdrawal method are advanced
The basic specifications of Land-FX are quite high, and both discretionary trading and automatic trading can be traded under quite favorable conditions.
There are as many as 67 kinds of currency pairs available, and in addition to currencies, CFDs such as precious metals, energy and indexes are also possible. (63 types of ECN accounts)
As mentioned above, transaction costs are considerably better than other companies, and have a good reputation.
As it supports zero cut, Land-FX will bear the negative balance when the loss cut is not in time. (With examination)
The trading tool is "MT4" familiar to FX vendors. You can trade comfortably on your smartphone.
However, swap points are not so suitable for long-term trading as they are quite disadvantageous.
Live accounts and LP bonus accounts are subject to various bonuses depending on conditions, but note that ECN accounts do not apply to any bonus.
Apart from this point, there are so many types of deposit and withdrawal methods like credit cards, debit cards, bank remittances, web money, etc. can be used in one pass, making it a very easy-to-use vendor.
All deposit fees are free and fees will be charged depending on the withdrawal method.
In addition, while many prepaid cards issued by other companies have been suspended due to restrictions, "Land-FX prepaid cards" issued by Land-FX can be used without any problem at present. (As of June 2018)
This is very convenient because withdrawals can be made at ATMs such as 7-11.
Is it really an NDD method? Or is it a DD method?
Land-FX has features such as "free commissioning", "high execution power", "narrow spreads" and "excessive scalping ban" and also has a review saying "there are many disadvantageous slippages". The rumor has been scolded among traders.
There is no way to confirm this because detailed data such as the execution rate is not released.
It will be important to trade while being aware of the authenticity of this area.
In fact, it's pretty crisp, but the secret of this fast deal is that it's in server consolidation by partnering with Equinix, Amazon, RousTech, and PrimeXM.
However, in the case of "there are a lot of disadvantageous slippages", there is also the possibility that "Our face was an NDD system but actually it was a DD system."
Even when we inquired to Land-FX, it answered that "We are definitely NDD (STP · ECN) method".
If it is said so, it is until then.
In either case, there is no problem as long as there are frequent "adverse slippage and stop hunt damage", which directly cause the trader's disadvantage.
At the moment, there seems to be no noticeable damage, but some reputations and reviews can not be completely ignored.
From opening a Land-FX account to deposit and withdrawal
Required documents are ID and residence certificates
The account opening method is almost the same as a general overseas company.
First of all, please prepare the following documents required for account opening, deposit and withdrawal.
- Identification card image data
- Residence certificate image data
The ID card can be used as "Passport, driver's license, photo card, etc." in which the photo, signature, date of issue, expiration date, passport number etc. are clearly displayed.
The residence certificate can be used for "payment, tax payment certificate, resident card, family register copy, credit card, bank statement, health insurance card" etc. issued within 3 months.
Account opening procedure
The procedure for opening an account is very easy and is as follows.
Various payment methods available! Able to withdraw from ATMs with prepaid cards
|Method of deposit and withdrawal||Possible currencies||Fee|
|Deposit||Credit/ Debit card||JPY, EUR, USD||Free|
|Bank transfer||JPY, EUR, USD
|WEB money||STICPAY||JPY, EUR, USD|
|Withdrawal||Credit/ Debit card||JPY, EUR, USD||Free|
|Bank transfer||JPY, EUR, USD||$45|
|WEB money||STICPAY||JPY, EUR, USD||$0.30 + 2.5% of withdrawal amount|
|Land-FX prepaid card||JPY||ATM: 1% of withdrawal amount
(Min. 20 HKD)
The payment method can be selected from credit card, debit card, bank remittance, and WEB money, and all fees are free.
Withdrawal charges are all incurred except for credit and debit cards.
|Method of deposit and withdrawal||Minimum deposit amount||Time|
|Deposit||Credit/ Debit card||¥10,000||Within 1 hour|
|Domestic bank transfer||Live account: ¥30,000
|On weekdays until 15:00, during the day|
|Overseas bank transfer||Usually within 1 to 2 business days|
|WebMoney||¥10,000||Within 1 hour|
|Withdrawal||Credit/ Debit card||ー||Usually within 1 to 2 business days|
|Land-FX prepaid card||Amount reflected on the card: 2-3 business days
ATM: Immediate payment
Please note that the deposit fee will be free only for deposits above the minimum deposit amount.
As for the reflection time, if it is WEB money, both deposit and withdrawal are reflected almost immediately, but other deposit and withdrawal methods take some time to reflect.
Also, I think the point that you can withdraw with a prepaid card is a big advantage of Land-FX.
Land-FX prepaid cards are MasterCard brand prepaid cards that allow you to withdraw cash from ATMs such as Seven Eleven.
Besides, it can be used for shopping and online payment at a member store normally.
Application is possible from my page, but there are some card issuance conditions.
First of all, the application requires a Land-FX account balance of at least $50.
Prepaid cards require a minimum deposit of 500 HKD (about 7,000 yen), ATM withdrawal fee is 1% of withdrawal amount + minimum 20 HKD (about 280 yen), membership fee is 10 HKD (about 140 yen) monthly from the 13th month, All of them require a 4% exchange fee.
In addition to the above fees, the card shipping fee is $35 (approximately 3,800 yen) and it takes about 3 weeks to arrive.
Currently, due to stricter regulations on forex companies, many forex companies are often unable to use their own prepaid cards.
Land-FX prepaid cards are not a problem at the moment, but please be aware that they may eventually become unusable. (As of June 2018)
Procedure of deposit and withdrawal
Land-FX terms and conditions
67 kinds of currency pairs and is normal
Currency pairs are 67 types of Live account and LP bonus account and 63 types of ECN account.
ECN account does not handle 4 currency pairs of "EUR / RUB / NOK / SEK / USD / ILS / USD / RUB".
The transaction units are 1,000 currencies (0.01 Lot) for Live and LP bonus accounts, 10,000 currencies (0.1 Lot) for ECN accounts, and 3 million currencies (30 Lot) per order for maximum trading volume.
The low total cost is also top class in the industry
Live account/ LP bonus account
ECN accounts have low spreads but transaction fees occur at $3.50 per 100,000 currency.
It may be a bit difficult to imagine, so we compared the total cost of each account with other companies.
As a result, the transaction costs of Land-FX, which was well - received by word of mouth, are in fact also very favorable.
Live account and LP bonus account are better than other companies in USD / JPY / EUR / USD.
The ECN account is the lowest overall cost next to the most competitive AXIORY nanospread account.
Swap points are cheap and not suitable for long-term trading
Swaps are quite disadvantageous compared to other companies
Zero cut adopted, no additional certification
In Land-FX, the margin call activates at a margin maintenance rate of 50% and the loss cut at a margin maintenance rate of 30%.
Even if the loss cut is not in time and the account funds have become negative, the zero cut system allows Land-FX to bear the entire negative balance.
However, examination is necessary.
Other companies do not have a review in particular, and negative balances are a bit of anxious as there are many places where the vendor automatically bears the burden and the account funds are reset to zero.
Land-FX is thoroughly alerted about the zero cut and the abuse of the bonus, so it seems that there has been frequent abuse damage in the past.
Land-FX Trading Tools App
Trading tool is "MT4"
As the trading tool, we use the so-called high-performance tool "MT4" adopted by many forex vendors, which enables discretionary trading and automatic trading by EA (Expert Adviser).
There is also a smartphone app, which is useful for trading on the go.
The specs are slightly different in each company, but please refer to here.
Land-FX Customer Support
There are 2 types of support: phone and email
|Call center||◯||24 hours on weekdays|
|Live chat||×||24 hours on weekdays|
Call center and email support is available 24 hours on weekdays.
Land-FX Information Service
Information service offers English market information only
Land-FX only distributes market information in English, and does not provide other services that support transactions, such as information services and seminars.
Land-FX Campaign Bonus
One of the attractions of Land-FX is its rich bonus system.
However, please be aware that ECN accounts are not eligible for any bonus.
The bonus is described in detail in the following article, so here is a brief introduction to the three typical bonuses.
10% deposit bonus (Live account)
Live accounts receive a 10% deposit bonus up to a maximum of 300,000 yen for initial deposit 30,000 yen or more (ECN account and LP bonus account are not eligible).
The bonus itself is not that great, but you can withdraw this deposit bonus.
Recovery bonus (Live account)
When a loss cut is activated on a Live account, you will receive a loss relief bonus that cashes back 5% of the initial deposit (ECN account and LP bonus account are not eligible).
The condition is that "the first deposit is over 30,000 yen and the balance due to loss cut is less than 3,000 yen".
Therefore, if you open a Live account, you can make the best use of this bonus if you make a deposit more than the first time.
However, the recovery bonus can only be used once, and you can not withdraw the recovery bonus itself.
Also, please note that the deposit bonus/ recovery bonus needs to satisfy the following transaction conditions.
100% deposit bonus (LP bonus account)
For LP bonus accounts , 100% deposit bonus up to 500,000 yen is granted for each deposit of 10,000 yen or more. (Live account, ECN account not included)
Unlike the bonus on Live account, the bonus is given not only to initial deposit but also to additional deposit.
However, you can not withdraw the bonus.
In addition, please note that the entire bonus will be invalidated when making a partial withdrawal or transfer of funds.