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Land-FX Review - Is it scam or Safe?

Land-FX Review - Is it scam or safe?

RATING: 3 / 15 REVIEWS ForexBrokerz Land-FX


Trading Accounts


Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads
Standard $300 0.01 (micro lot)  1:500 1.4 pips on EUR/USD
ECN $2 000 0.1 (mini lot) 1:200  0.3 pips on EUR/USD + 0.35 pip/Lot commission


There are two basic accounts available with Land-FX: commission-free Standard account and ECN one with tighter spreads and commission fee.

Micro lots are available for trade on the Standard account type and besides, inexperienced traders are offered free demo accounts.

Unlike most FX brokers, Land-FX doesn’t offer swap-free (Islamic) accounts to investors of Islamic belief.

The Company. Security of Funds

Land-FX offers trading in more than 60 currency pairs and various Contract for Difference (CFDs) on the most popular trading platform, MetaTrader 4.

Founded in 2013, the broker is now operating through 13 offices worldwide: in USA, UK, Singapore, Indonesia, Malaysia, China, Russia, Nigeria and the Philippines. Besides, Land-FX is a proud sponsor of 1. FSV Mainz 05, a prestigious football team in the Bundesliga league.

Land-FX is the trading name of Land Prime Ltd., a New Zealand based company, registered in the Financial Service Provider Register (FSPR) and as such regulated by the Financial Markets Authority (FMA). The company also has a UK unit, Land-FX UK Ltd., which holds a license from the Financial Conduct Authority (FCA).


In order to acquire a license from the UK financial watchdog, brokers have to prove their financial stability: they must hold net tangible assets of at least €730 000. A minimum capital requirement for New Zealand-based forex brokers is about to be introduced later in 2016 and they will be obliged to hold  at least $1,000,000. Currently, however, such requirement does not apply yet.


Furthermore, both FCA and FMA have set money rules, requireing client funds have to be kept in segregated accounts, separated from the company’s operational funds.This separation of accounts ensures that, in the event that a broker goes bankrupt, clients’ money cannot be claimed by its creditors.


Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the umbrella of the Financial Services Compensation Scheme (FSCS), where the maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent.

Moreover, Land-FX is a member of NZ FSCL (Financial Services Complaints Limited), a qualified independent dispute resolution company associated with NZ FMA, able to awarding up to $200,000 in compensation to consumers. Besides, it was awarded as Best Retail Forex Provider in China Forex Expo 2014.

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit required by Land-FX is $300. This is a reasonable amount to start trading with, however it may prevent some small investors from trading with this broker, taking into account that CMC Markets, a leading NZ-based brokerage, does not require any minimum deposit.

Commission & Spreads
Being a STP/ECN broker, Land-FX offers variable spreads. The typical ones on the commission-free account are average, amounting to 1.4 pips on EUR/USD, while thosex on the ECN accounts provide tighter spreads, averaged 0.3 pips on EUR.USD, however commission of 0.35 pip/lot (per side) applies. So, basically the trading costs on ECN accounts are low, amounting to an average of 1 pips (0.3+0.35+0.35 pips) per traded lot round turn.

In comparison, CMC Markets offers spreads averaged 0.9 pips on EUR/USD, and charges an average commission amounting to 0.10 % of the volume traded. You may check out and compare real-time spreads of 15 leading brokers here.


The maximum leverage level offered by Land-FX is 1:500, which is a high rate, yet most brokers usually offer similar leverage ratios. CMC Markets, for instance, also provides leverage up to 1:500. A list of more forex brokers offering leverage levels equal to or exceeding 1:500 may be viewed here

We advise traders to operate carefully with high leverage, for trading on margin may lead to heavy losses exceeding their initial investments.

Trading Platform

Like most FX brokers, Land-FX supports the industry standard, MetaTrader 4, coming in desktop and mobile versions.

MT4 is globally popular for its innovative, on the go trading capabilities, variety of built-in indicators, technical analysis tools, advanced charting package, automated trade options with Expert Advisor strategies (EA) and extensive back-testing environment. Not to mention its fast and user-friendly technology, designed to let you trade with ease. Here is a list of more forex brokers offering MT4 platform.

This broker also offers MAM accounts to money managers and investors through the Land-FX MT4 MultiTerminal. It is equipped with a professional and easy-to-use interface for managing multiple accounts simultaneously from one account.

According to Land-FX website, the brokers provides fast order execution within 0.035s.

At the time of writing this review, this broker offers 10% welcome on deposit bonus up to $3,000, which can be withdrawn after certain volumes are traded.

Methods of Payment

Land-FX’ clients are offered a wide range of payment methods: Credit cards (Visa and MasterCard accepted), bank wire transfer, and the following e-wallets: Skrill, Neteller, FasaPay, Perfect Money, WebMoney, Qiwi, AstroPay, China UnionPay, giropay and Land-FX Mastercard (available to account holders with a combined total balance of $2,000 more).

On its website, the broker advertises deposit/withdrawal time of just 1 hour.


Land-FX is a reliable FX and CFD broker operating under the licensing and regulation requirements of New Zealand. Here are, in a nutshell, the Pros and Cons with regard to this broker:


Pros  Cons
Low spreads on ECN account No choice of trading platforms, no web trading option
MT4 available  
STP/ECN model  
Instant withdrawals, fast execution speed  


Latest news about Land-FX
No news about Land-FX. Check back later.
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Traders` reviews for Land-FX
















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Great to short crypto

What a time to trade crypto, even with a min leverage the market offers awesome opportunities. Land-FX does a great job with the availability of services and simple account opening (deposits/withdrawals) mechanics.

Jasper Dick 11/16/2018

Trade suggestion

Given the fierce competition among brokers, there are plenty of freebies available in the market. However, choose wisely, land-fx bonuses are among the more considerable rewards. Use at your own discretion though.

Stefan Markides 06/02/2018

Good Till Now

Land-FX as it also claims to offer 0.035 second of trade execution and process deposit/withdrawal in nearly an hour. So far testing the clains brings up positive results. We'll keep you updated if thinhs go south (hopefully not)

Gabriel Haas 02/11/2018

Amazing Broker

When I read the terms "No Dealing Desk", faster execution and 24/5 support on Land-fx's website, I thought they might be luring naive traders but after a year of trading with them, I am amazed to experience their good services.

Vitaliy Dmytrenko 01/28/2018

Good to trade with Land-Fx

If you really think of it, whats the point of prime of prime mt4 brokers, if you have bloks like land-fx for half the price? Trading with them since they got FCA regulated, no issues what so ever.

Wojciech Lis 12/23/2017

Great broker but makes me wait for Crypto.

Land-fx, when are you gonna start offering crypto? The update is being for a while already.... Wouldn't want to open an account with another broker, you guys a great, only a bit slow with new things...

Sophie De Vos 12/12/2017

A Clear Broker

Unlike other brokers, Land-FX clearly mentions their refund policy on their website and when I approached them for the refund, they didn't hesitate and processed it in a day!

Marten Bleeker 12/05/2017

A secure broker for me

When you hear JPMorgan Chase and Bank of America as being the liquidity providers to a broker, which also is regulated by FCA, I guess it's enough to gauge the security of your funds with Land-FX.

Luis Wagner 09/12/2017

Regulated and a good one

You only know the real face of a broker in times of difficulty. When GBP plunged around Brexit and I had Pound short in few brokers’ accounts, nobody was ready to process my withdrawal except Land-FX. When fought against rest of them, it was revealed that some aren’t regulated enough to get my money back while remaining kept giving me dates to follow. Though, nothing was present in case of Land-FX and I am happy to be with them since long.

Tim Shaw 06/02/2017

not-so-posh but Good Forex broker

When I was struggling to find a not-so-posh but regulated Forex broker, I heard about Land-FX and started taking their DEMO for over three months. Showing a steady progress I finally became their LIVE account holder since last 6 months and its all good till now. Hope to become rich soon :)

Joan Ocampo 05/05/2017

Best Underdog Broker

No matter how big the Forex broker is, it would eventually miss on something which you desire to gain.I used to think the same before i opened account with land-fx. Super fast withdrawals, funds segregation, mt4 and quality execution. On the downside, to few cfds on indexes and stocks (wher's snapchat for pit sake?:) ). For currency trading though, might be one of the best underdogs on the market.

Joel Brown 03/30/2017

Safe to trade with.

When my previous broker became bankrupt, I had many difficulties recovering my deposit funds because it was semi-regulated. But then I joined Land-FX and I must say its properly regulated to be trusted and not going insolvent

Dylan Bershov 03/17/2017

A confidence-booster for me

I had a bitter experience with one of the SCAM broker who cheat me and hence was afraid of joining any Forex broker but thanks to Land-FX's regulation and customer-friendly support-term, I now regained confidence in trading.

Oliver Jones 03/08/2017

Funds Segregation and Custom EA's

Returning a favour to my account manager, very pleasant team and over last 5 month I have nothing to complain about, only hope for more cfds on indices.

FCA regulation is a big plus.

jeremy hommels 02/21/2017

Honest Execution & Modest Bonuses

Land-FX became my broker around 6 month ago, when i was referred by a colleague, who shared the news of broker finally getting FCA licence.

There are many forex brokers in Germany offering solid trading conditions, but for me - Land-FX stands out in keeping their word, fair bonus program and always avalible account management support.

My only wish is for the company to either embrace web trader or provide a macOS compatible version of MetaTrader 4.

Giancarlo 02/15/2017

Superb Execution & Regulatory Environment

Was introduce by a friend working in the industry, not sure if my case applies to everyone but so far no orders have been frozen or requoted.

I value Land-FX reulatory status, number of FX Pairs and ease of communication. If you get to work with Shadi, you are in safe hands.

Best of luck traders!

Guido Wolcke 02/09/2017

Possibly best for trading Forex pairs.

Despite lack of some of the key indecies, stock, commodities cfd's, land-fx is still my first choice to trader currency pairs and gold.

The logic behind my loyalty is simple - they haven't let me down since i joined them a year and a half ago, and some of my friends seen some really nasty behaviour occurring (even with fca regulated companies).

Then there's trading condiitons for fx - which are superb.

Finally, the regulatory status is smth i would not even change if i was offered a winning strategy, but only under condition of switching to unregulated company.

Peter Moreno 11/13/2016

Perfect for volatility trading

The methodology for picking a reliable broker is fairly simple - it has to be regulated by major government's, provide market execution - preferable ECN, and trading conditions. Land-FX fits the requirements perfectly., It's working in accordance with New Zealand and United Kingdom regulations and reliable exectuion.

Was trading US elections, what a pleasure it was - no requotes, slippage or any other "special effect" some bad brokers use.

warren sinden 11/13/2016

FCA License, Negative Balance Protection Very-Very Fast Money Transfers

I have been trading with Land-FX for the last 6 month. Aside from great spreads and help from their analysts I never had problems with deposit and withdrawals. There are many ways to deposit money and withdrawals have been very easy so far and very fast (sometimes under 2 hours). Since I don't trust brokers without FCA regulation - Land-FX is my choice

Koke 10/06/2016

FCA Backed UP STP Broker with superb trading conditions and fast withdrawal

You can sleep tight, your money is safe with them as they have both UK FCA and New Zealand (should make asian traders feel safer) licenses.

Pros: Regulated, STP/DMA execution
Cons: No Educational Materials

Olavi 10/01/2016
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