LAND FX FOREX BROKER PROS AND CONS
We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of Land FX Broker and figure out what is suitable for traders.
Fast order execution system.
Set up SL TP quickly.
The web page is easy to use.
Support provides services in multiple channels.
High service charges (Spread, Swap, Commission fees)
Gold trading has a very wide spread
If the withdrawal is done on Friday, Saturday, and Sunday, the funds will be received on Monday in your account.
Withdrawing via NETELLER and SKRILL takes 1-2 business days to process.
LAND FX BROKER BONUS
Deposit Bonus 10%: Up to $3,000 on first deposit. This means that if you deposit up to $30,000, you will receive a $3,000 Bonus, resulting in a credit of $33,000 for trading. Available only for first-time deposit.
LAND FX FREE VPS
Currently, Land FX does not offer a VPS service.
LAND FX SPREAD AND SWAP INFORMATION
1. LAND FX SPREAD
Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.
There are two account types available in Land FX: Standard and ECN accounts. To assess the broker’s spreads and swaps, we conducted a test from spread check that includes commission costs, in order to compare the commission-free brokerage from both types of accounts in real-time situations at different times, then averaged spread data is obtained as follows:
Zero Spread (ECN)
2. LAND FX SWAP
The daily cost of holding a trader’s position when trading with Land FX is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows;
Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.
3. LAND FX COMMISSION
OTHER LAND FX INFORMATION
Forex broker that has been established since 2008 by experienced financial market professionals. Land FX has won several awards on trading service providers and become more involved in the Thai Forex trading market,
Land FX is financially registered with the country in which its office is located with the following information;
- Finance Services Authority (FSA) : 23627 IBC 2016
LAND FX ACCOUNT USAGE
Opening a Land FX Broker Account can be done through the Platform. However, there is a Support service available as well, which can be contacted through Support.
1. LAND FX Forex Account Opening Documents
Documents required to open a trading account with Land FX Broker include:
Identity verification documents for Thais, is either ID card or Passport.
The address verification document must be the same as the address shown on the identity card, a copy of the house registration is recommended, or it could be a receipt for electricity, telephone, and internet bills, documents from the bank that clearly state the name, address, documents must not be exceeding 3 months.
2. LAND FX Account Type
There are several types of Land FX Forex trading accounts with different pros and cons, and different features designed to allow the traders to choose according to their strategy and capital leverage up to 1:2000. The Cent account, which is suitable for low-income retail clients and STP accounts, enables fast execution of orders.
The table shows the account types of Land FX Forex Account
There are some types of Land FX’s account that include commission fees for providing services. You can find a comparison of the pros and cons between other brokers on the Forex Broker Comparison page.
LAND FX Support Service
We conducted a test of communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem-solving intention, not just sending a link to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems;
- Support is available in multiple channels, including; Facebook, Live Chat, Email, and Phone Calls.
- Support is not available on weekends and public holidays.
- Support answers questions and provides customer information quickly.
Support does not answer questions and provide detailed information to customers clearly. In general, banks with QR code deposits
Do not provide you with the list of banks that can deposit via QR code with Land Fx, have to find out what banks are there.
“Overall, the disadvantages of Land Fx’s Support is that they do not answer questions clearly at times and do not provide services on weekends and public holidays.”