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Score

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The WikiFX Score of this broker is reduced because of too many complaints!

Land Prime

United Kingdom|5-10 years| Benchmark B|
Institution Forex License (STP)|High potential risk|

https://www.landprime.com/?language=en_GB

Website

Rating Index

Benchmark

Benchmark

B

Average transaction speed (ms)

680.4 Poor

MT4/5

Full License

LandPrime-Demo

Japan
MT4
29

Influence

B

Influence index NO.1

Vietnam 7.64
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:C

Slippage:B

Cost:AA

Disconnected:B

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

29
Server Name
LandPrime-Demo MT4
Server Location Japan

Influence

Influence

B

Influence index NO.1

Vietnam 7.64

Surpassed 47.40% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 203 735 9155
support@landfx.uk
https://www.landprime.com/?language=en_GB
https://www.facebook.com/LandFX.Global

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 203 735 9155

Arabic

+44 2080894407

Other ways of contact

Broker Information

More

Company Name

Landprime Ltd

Abbreviation

Land Prime

Platform registered country and region

United Kingdom

Company website
Facebook

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 3
Previous Detection : 2024-11-02
  • The number of the complaints received by WikiFX have reached 13 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA (Regulatory number: 709866) Institution Forex License (STP) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

Land Prime · WikiFX Survey
Danger A Visit to LAND FX in UK -- Finding No Office
United Kingdom
Land Prime · Benchmark
Average transaction speed(ms)
680.4 Poor
The highest transaction speed(ms)
0 Perfect
The highest speed of opening positions(ms)
328
The highest speed of closing position(ms)
0
The lowest speed of opening positions(ms)
1906
The lowest speed of closing position(ms)
0 Perfect
12.64USD/Lot Great
0USD/Lot
Long: -7.88USD/Lot    Short: 1.19USD/Lot
Long: -35.22USD/Lot    Short: 16.73USD/Lot Poor
Average slippage
0.7 Poor
Maximum transaction slippage
10 Good
Maximum positive slippage
-4 Great
Maximum negative slippage
10 Good
Average disconnection frequency (times/day)
0 Perfect
Average reconnection time (millisecond/per request)
0
Ranking: 86 / 134
Test user 165
Orders 1,248
Ocuppied margin $3,515,203 USD
Data Source WikiFX Data provide
Updated: 2024-11-01 01:00:00

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Land Prime · Company Summary

Broker Name Land Prime
Registered in United Kingdom
Regulated by FCA ( Institution Forex License (STP))
Year(s) of Establishment 2-5 years
Trading Instruments Forex, Commodities, indices
Minimum Initial Deposit $10
Maximum Leverage 2000:1
Minimum Spread 0.0 pips onwards
Trading Platform MT4, MT5
Deposit and Withdrawal Method Bank wire transfer, USDT, Skrill, Neteller, VISA, MasterCard, fasapay
Customer Service Email, phone number
Fraud Complaints Exposure No for now

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of Land Prime

Advantages:

  • Land Prime offers a variety of account types to suit different trading needs, including swap-free accounts for Islamic traders and ECN accounts for those seeking low spreads.

  • The company provides a range of deposit and withdrawal methods with no fees, making it easy and convenient for clients to manage their funds.

  • Land Prime offers a selection of popular trading platforms, including the widely used MT4 and MT5 platforms, as well as a web-based platform and mobile app.

  • The educational resources provided by Land Prime, such as an economic calendar, news, trading hours, and market research, can be helpful for traders seeking to stay informed and up-to-date on market conditions.

  • Customer support is available 24/7 via email and phone, with most inquiries being responded to within 24 hours.

Disadvantages:

  • The maximum leverage offered by Land Prime is quite high, which can increase the risk for traders who may not fully understand the potential consequences of trading on high leverage.

  • The spreads on the Standard and Swap-free accounts are relatively high compared to other brokers in the industry, which may not be attractive for traders seeking low trading costs.

  • The ECN account requires a relatively high minimum deposit of $1,000, which may not be accessible for some traders.

  • The range of base currencies offered for deposits is limited, which may be inconvenient for traders who prefer to operate in currencies other than USD, EUR, and JPY.

  • The customer support options are somewhat limited, as phone support is only available during weekday business hours.

What Type of Broker is Land Prime?

Advantages Disadvantages
Land Prime offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, Land Prime has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

Land Prime is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, Land Prime acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that Land Prime has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with Land Prime or any other MM broker.

General Information

Land Prime is a global forex and CFD broker with over 10 years of experience in the financial markets. The company offers a range of financial instruments including forex, indices, and commodities through various trading platforms such as MetaTrader 4 and MetaTrader 5. With a focus on providing a high-quality trading experience to its clients, Land Prime offers competitive spreads, low commissions, flexible leverage options, and a variety of account types to choose from. The company also provides educational resources and responsive customer support to help traders make informed decisions and achieve their trading goals.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

General information

Regulation

Land Prime is regulated by the Financial Conduct Authority ( FCA) in the United Kingdom, holding an Institutional Forex License (STP) under license no. 709866.

Regulation

Market Instruments

Advantages Disadvantages
Access to multiple markets and asset classes No option to trade shares
Ability to diversify portfolio Not regulated by a reputable authority
24/5 trading hours Higher volatility and risk associated with some instruments

Land Prime offers a range of trading instruments, including Forex, Commodities, and Indices. This allows traders to access multiple markets and asset classes and diversify their portfolio. The platform also provides 24/5 trading hours, providing traders with more opportunities to capitalize on market movements. However, the company does not offer shares as trading instruments. Additionally, it is important to note that Land Prime is not regulated by a reputable authority, which may be a concern for some traders.

market instruments
spacer.gif

Spreads and Commissions

Advantages Disadvantages
Low spreads starting from 0.0 pips on ECN account Swap-free account charges a commission of 0.3 pip/lot
No commission on Standard and Prime accounts Only four account types offered with limited flexibility
Detailed form on website for clear understanding of costs Inactive accounts with no transactions over a month are disabled

Land Prime offers a competitive range of spreads and zero commission across their four primary account types: Asia Standard, Pro, ECN and Swap-free account. The lowest spread is available on the ECN account, starting at 0.0 pips, while the Standard and Prime accounts offer spreads starting from 0.9 and 0.5 pips respectively, with zero commission on all accounts. The Swap-free account is available for those who need to adhere to Islamic finance principles, with a commission of 0.3 pip/lot. Overall, the range of account types and costs offered by Land Prime is reasonably competitive and transparent, with detailed information available on their website. However, the limitation of only four account types may not suit all traders' needs, and inactive accounts with no transactions over a month are disabled, which may be inconvenient for some traders.

spreads and commissions

Account Types

Advantages Disadvantages
Low minimum deposits for Standard, Pro and Swap-free account types Accounts become inactive if no transactions are made in a month
Zero commission fees for all account types The ECN account requires a high minimum deposit of $1000
Competitive spreads for most account types No information on bonuses or promotions for new or existing clients
2000:1 leverage available No information on the availability of managed accounts
Swap-free account available for traders who require it The prime and ECN account types have a high minimum deposit requirement

Land Prime provides four types of trading account suiting various trader profiles. The popular Pro account, with a $10 minimum deposit, offers tight spreads from 0.9 pips on EUR/USD, leverage up to 2000:1, and zero commission. The Asian Standard account requires a $50 minimum, provides spreads from 1.7 pips on EUR/USD, and leverage up to 1000:1. Designed for professionals, the ECN account demands a $1000 minimum deposit, delivers zero spreads on EUR/USD, up to 1000:1 leverage, and charges a 0.3 pip per lot commission. For Islamic traders, the Swap Free account mirrors the Pro account's conditions while accommodating swap-free requirements, aside from positions held over a week.

account Types

Trading Platforms

Advantages Disadvantages
MT4 and MT5 platforms are available Limited platform options
Advanced charting tools and technical analysis features Limited customization options
Mobile trading apps for Android and iOS No proprietary trading platform
One-click trading, automated trading and hedging capability Limited selection of add-ons and plugins
User-friendly interface Limited social trading features

Land Prime offers its clients access to the popular MT4 and MT5 trading platforms. These platforms are well-known in the industry and provide traders with access to advanced charting tools, technical analysis features, and automated trading capabilities. Additionally, the MT4 and MT5 platforms are available as mobile apps for Android and iOS devices, allowing traders to stay connected and manage their trades on the go. While these platforms offer a user-friendly interface, they have limited customization options and a limited selection of add-ons and plugins. Moreover, Land Prime does not offer a proprietary trading platform and its social trading features are limited.

trading platform

Maximum Leverage

Advantages Disadvantages
High leverage options for all account types High leverage can lead to high risks and losses for inexperienced traders
Ability to adjust leverage to suit trading style Greater leverage also means higher margin requirements, which can increase the risk of margin calls
Competitive 2000:1 leverage Leverage limits are not adjustable for regulatory reasons
Flexibility to choose the most suitable leverage for trading goals Excessive leverage can also result in over-trading and emotional decision-making

Land Prime offers a variety of leverage options across its different account types, with a maximum leverage of 1:2000 on its Pro account and Swap-free accounts, 1000:1 for the Asia Standard and the ECN account. Traders can choose the leverage level that best suits their trading style and goals, and have the ability to adjust it as necessary. While high leverage can increase the potential for profits, it can also lead to higher risks and losses, especially for inexperienced traders. It's important for traders to manage their leverage carefully and consider the potential risks involved. Land Prime has taken regulatory measures to ensure that the leverage limits comply with regulatory requirements. Overall, the maximum leverage dimension provides traders with flexibility and choice, but requires careful consideration and risk management.

Deposit and Withdrawal: Methods and Fees

Advantages Disadvantages
Instant deposit with Sticpay Withdrawal fees for Neteller and Skrill
No deposit fees for any method Withdrawal time for bank wire may take longer
Multiple base currencies for VISA/MasterCard and Neteller STICPAY deposit/withdrawal limit of $50,000
Unlimited withdrawal amount for USDT

The dimension of deposits and withdrawals is an important consideration when choosing a forex broker. Land Prime offers multiple deposit and withdrawal methods that cater to different preferences and needs. Visa/Mastercard, Sticpay, Neteller, Skrill, and USDT are the available deposit methods with no deposit fees for any method. Deposits through Sticpay are instant while the other methods take 1-2 hours. The available base currencies for Visa/Mastercard and Neteller are numerous, while Skrill and USDT only support USD. The maximum deposit limit varies depending on the method, with Sticpay having the highest limit of $50,000. Meanwhile, withdrawals can be made through bank wire, Sticpay, Neteller, and Skrill. Withdrawals through bank wire may take longer, and there are fees for Neteller and Skrill. The withdrawal fees for Neteller are 2% (min1usd, max 30usd) per transaction, while Skrill charges a 1% fee per transaction. STICPAY also charges a withdrawal fee of 0.3USD + 2.5% per transaction. Overall, Land Prime offers a good range of deposit and withdrawal methods with minimal fees and fast processing times.

deposit and withdrawal
Methods Deposit Time Min. Deposit Max. Deposit Base Currency
VISA/MasterCard Within 1 Hour USD $50 USD $10,000 USD, EUR, JPY
Sticpay Instant USD $5 USD $50,000 USD, EUR, JPY
Neteller 1~2 Hours USD $5 USD $10,000 AUD, GBP, CAD, DKK,EUR, INR, JPY, MXN, NOK, RUB, SGD, SEK, TWD, USD
Skrill 1~2 Hours USD $5 USD $10,000 USD
USDT Within 1 hour USD $50 Unlimited USDT
Methods Withdrawal Time Description
STICPAY Processed by us within 1~2 working days. Sticpay is one of the most popular and easy ways to deposit/withdraw money from your trading account.
Bank wire Processed by us within 1~2 working days. This is a direct transfer of funds between bank accounts. Bank Transfer allows you to deposit in your local currency, the funds will be converted by the beneficiary bank to the currency that you have chosen upon making your deposit.
Neteller Processed by us within 1~2 working days. NETELLER offers a flexible online payment account and e-wallet, you can instantly deposit/withdraw money from your trading account or transfer money online to friends and family across the globe.
Skrill Processed by us within 1~2 working days Skrill is one of the most popular and easy ways to deposit/withdraw money from your trading account.
Methods Deposit Fees Withdrawal Fees
Bank wire No Fees No fee(Beneficiary bank fee applies)
VISA/MasterCard No Fees No fee
STICPAY No Fees 0.3USD + 2.5% per transaction applies
Neteller No Fees 2% (min1usd, max 30usd)per transaction applies
Skrill No Fees 1% per transaction applies
FASAPAY No Fees No fee

How to Fund your Forex Trading Account with Land Prime?

STEP 01 Website Login Choose “Deposit” from the menu after logging in to your account.
STEP 02 Deposit Method Click on the Deposit Method of your choice. Deposit
STEP 03 Deposit Amount Enter the amount you wish to deposit and click on “Deposit” button.
STEP 04 MT4/5 Account Confirmation Once your deposit is processed, you will be able to see it on your MT4/5 Account (Bank Wire takes approx. 2-3 days)

How to Withdraw Funds?

STEP 01 Website Login Log in to the Members Area and click on the Withdraw button
STEP 02 Select the option Select your option from the table Withdraw
STEP 03 Enter the Amount Enter the amount you wish to withdraw and submit the request
STEP 04 Check MT4 & Email The requested amount will be deducted from your trading account. You will receive an email “Land Prime Approval of Withdrawal Request”.

Educational Resources in Land Prime

Advantages Disadvantages
Provides various educational resources to clients None
Economic calendar helps clients to keep track of important news
Market research provides clients with valuable trading insights
Trading hours information helps clients to plan their trades

Land Prime offers a range of educational resources to help clients make informed trading decisions. These resources include an economic calendar, news, trading hours, and market research. The economic calendar helps clients stay up-to-date on important economic events and announcements that can impact their trades. The market research section provides valuable insights into different trading instruments and strategies. Additionally, the trading hours information helps clients plan their trades according to when the markets are open. Overall, these educational resources can be a valuable tool for clients to improve their trading skills and stay informed about market movements. One potential disadvantage is that the educational resources may not be sufficient for more experienced traders looking for in-depth analysis and advanced trading strategies.

educational resources

Customer Service

Advantages Disadvantages
24/7 email support No 24/7 phone support
Quick response time No live chat support
Availability Monday to Friday for phone calls
Clear response to inquiries

Land Prime provides customer support through email and phone calls, with email support available 24/7 and phone support available 24 hours on weekdays. The response time for inquiries is generally quick, with most inquiries being responded to within 24 hours. However, the company does not provide 24/7 phone support or live chat support, which may be inconvenient for traders who require immediate assistance outside of regular business hours. Nonetheless, the availability of support channels and the promptness of responses can be beneficial for traders seeking help with their trading accounts or inquiries related to the company's services.

customer support

Conclusion

Overall, Land Prime is a forex broker that offers extensive trading instruments, account types, and deposit/withdrawal methods. The company strives to provide a transparent and fair trading environment to its clients. The educational resources and customer support services offered by Land Prime are also noteworthy. However, the company does have some limitations, such as limited leverage options and a lack of cryptocurrency trading. Overall,Land Prime could be a suitable choice for traders who prioritize regulation and education, and are looking for a reliable forex broker with a strong reputation in the industry.

Frequently Asked Questions (FAQs)

  • Question: What types of trading accounts does Land Prime offer?

  • Answer: Land Prime offers four types of trading accounts: Pro, Asia Standard, ECN and Swap-free accounts.

  • Question: What are the maximum leverage ratios offered by Land Prime?

  • Answer: The maximum leverage ratios offered by Land Prime is up to 2000:1.

  • Question: What are the deposit and withdrawal methods available at Land Prime?

  • Answer: Land Prime offers a variety of deposit and withdrawal methods, including VISA/MasterCard, Sticpay, Neteller, Skrill, and USDT.

  • Question: Does Land Prime charge any deposit or withdrawal fees?

  • Answer: Land Prime does not charge any deposit fees for any of its payment methods. However, some withdrawal methods, such as Neteller and Skrill, may have associated fees.

  • Question: What educational resources does Land Prime offer?

  • Answer: Land Prime offers a range of educational resources, including an economic calendar, news, trading hours, and market research.

  • Question: What are Land Prime's customer support hours?

  • Answer: Land Prime's customer support team is available 24/7 via email and Monday to Friday via phone calls. Most inquiries are responded to within 24 hours.

  • Question: Is Land Prime a regulated broker?

  • Answer: No, Land Prime is not a regulated broker.

Risk Warning

Trading online carries substantial risks, and there's a possibility of losing your entire investment capital. It's crucial to recognize that online trading may not be suitable for everyone, and thorough understanding of the associated risks is essential. Please bear in mind that the details provided in this review could change due to updates in the company's services and policies. Additionally, the review's generation date should be considered, as information might have evolved since then. Therefore, it's recommended that readers verify any updated information directly with the company before making any decisions or taking action. Ultimately, the responsibility for using the information provided in this review lies solely with the reader.

News

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NewsTrade U.S. Stocks with Land Prime

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2024-04-22 15:12
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Trade U.S. Stocks with Land Prime
Rebranding Important Changes and Notices

NewsRebranding Important Changes and Notices

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Please note that the following changes will be effective from March 10, 2024.

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2024-03-14 13:27
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Rebranding Important Changes and Notices
Pioneering the next chapter: welcome to Land Prime

NewsPioneering the next chapter: welcome to Land Prime

2023-12-19 10:44

Land-FX has transformed into Land Prime!

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Pioneering the next chapter: welcome to Land Prime
WikiFX Broker Assessment Series | Is Land Prime Reliable?

NewsWikiFX Broker Assessment Series | Is Land Prime Reliable?

2023-11-28 16:11

In this article, we'll look in-depth at Land Prime, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service.

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2023-11-28 16:11
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