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Land Prime Review 2024

Written By

William Berg

Written By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Fact Checked By

Tobias Robinson

Fact Checked By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Updated

May 21, 2024

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Overall Rating

3.5 / 5

Land Prime is #110 in our CFD broker rankings.

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Customer Reviews

Minimum Deposit $300

Trading Platforms MT4, MT5

Instruments Forex, CFDs, indices, commodities

Regulators FCA, FSA

Account Currencies USD, EUR, GBP, JPY, CHF

Payment Options Neteller, Skrill, Mastercard, Perfect Money, Sticpay

Awards

• Best CFD Broker Europe 2019 - IBM
• Best Trading Broker 2018 - GFDC
• Most Trustworthy Forex Broker 2017 - IIFE
• Best Forex Broker in Asia 2016 - CGIIF
• Best Retail FX Broker 2015 - FXIS

Land Prime (formerly Land FX) is a licensed forex and CFD broker operating in over 200 countries. Our review delves into their demo competition, customer support, and MT4 & MT5 trading platforms. Find out whether to create a Land Prime account.

Broker Details

Land Prime is an international broker operating through multiple branches. Land-FX UK Ltd. is London-based and provides trading services to residents of the UK and European Economic Area (EEA). LandPrime Ltd. is registered in St. Vincent and the Grenadines while Land-FX Ltd. is registered in Cyprus, and has multiple offices across Europe, Asia and North America.

Trading Platforms

Several powerful platforms with automated and social trading capabilities are available.

MetaTrader 4

Designed for forex trading, MT4 is a data-rich platform with an intuitive design and advanced tools, making it great for newcomers and experienced traders alike. MT4 can be downloaded for free on Windows and Mac computers from the Land FX.com website and supports 30 languages.

MT4 comes with over 30 analysis tools, 9 timeframe options, 50 customisable indicators and supports algorithmic trading. MT4 also has a ZuluTrade copy trading terminal for ZuluTrade-activated accounts.

Note, MT4 is not available to clients from the UK and EU.

MetaTrader 5

MT5 is a more powerful platform than MT4, built and optimised for CFDs and stocks as well as forex trading. MT5 comes with 21 timeframe options, 2 additional types of pending orders, 8 more technical indicators, 44 chart analysis tools and deeper market depth. MT5 also has a more advanced algorithmic trading capabilities and a multi-threaded strategy testing system.

MT5 is available to all traders.

Assets

Land Prime provides a competitive range of tradeable instruments, including 67 forex pairs and two-dozen CFDs on metals, energies, and stock indices. The only notable absentees from their product list are cryptocurrencies and shares.

Spreads & Commissions

The broker predominantly takes its fee from the spread, with commissions only charged on ECN accounts at 3.5 pips per trade for global clients and 3 pips for UK and EU traders. ECN accounts have the most competitive spreads with average rates on EUR/GBP, EUR/USD and GBP/USD pairs at 0.8, 0.3 and 0.9 pips, respectively.

Land Prime also charges swap fees for holding a position open overnight, which varies with instrument and liquidity.

Leverage

Leverage rates are competitive, going up to 1:500 for global forex traders. Metals and energies can be leveraged up to 1:200 and 1:100. UK and EU traders are capped at a leverage rate of 1:200 for forex pairs. Leverage rates are reduced for large trade volumes.

Mobile Apps

Both MT4 and MT5 have been developed for mobile and are available to download for Android and iOS smartphones and tablets. The mobile platforms are fully native and support all the account functions available on desktop platforms.

MT4’s mobile app comes with 3 charting types, 30 technical indicators and full trading histories. The MT5 mobile version is even more complete, with all order types, interactive charts, over 80 analysis tools, and one-touch trading.

Payment Methods

Land Prime has several payment options for funding and emptying accounts. Deposits are free and can be made via Visa and Mastercard, bank wire transfer, or Neteller. Global traders can also deposit with STICPAY while UK and EU clients can use Skrill.

Neteller and Skrill have minimum deposits of $1,000 for UK and EU clients. The processing times for most payment methods is 1-2 hours, except for bank transfers which can take up to 2 days.

Withdrawals must be made using the same method as the deposit, though will take longer to process.

Payment cards can take 4-7 working days whereas all other methods take 1-2 working days. It should be noted that withdrawal fees may be charged for some transaction methods.

Demo Account

A fully operational demo account is provided by Land Prime, with a full range of tradeable assets, rapid execution and a choice of leverage rates.

Global clients can practice with both MT4 and MT5 platforms, though UK and EU clients can only trial MT5. Up to $100,000 of virtual money can be used to explore trading strategies, charting types and analysis tools.

Land Prime also runs a weekly demo contest for global clients in which traders compete for a variety of prizes, with 1st place winning $500. Weekly winners are invited to demo championships, with a maximum prize of $3,000.

Participation is free, requiring only the registration of a Land Prime competition demo account and the MT4 software to get started.

Deals & Promotions

Land Prime offers global clients a 10% bonus on their first deposits, up to $3,000, provided enough trades are carried out. For example, a $30 bonus will be given if 6 lots worth of trading are carried out with the $300 deposit.

The required lot size rises with the deposit size up to 600 lots for a bonus of $3,000. There is also a 5% recovery bonus awarded to global clients if they achieve a margin call of $30.

Bonuses must be requested prior to registration by emailing the support team. It should also be noted that UK and EU regulations prevent the broker from offering bonuses to clients within those regions in 2024.

Regulation & Licensing

The global branch of Land Prime is licensed and regulated in St Vincent and the Grenadines by the Finance Services Authority (FSA).

The UK and EU branch is licensed by the UK Financial Conduct Authority (FCA), which authorises the broker to provide its services anywhere in the EEA.

Land Prime UK is also part of the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS). The FSCS provides compensation to clients up to a maximum of £50,000, and the FOS impartially resolves disputes.

Additional Features

Land Prime provides an economic calendar on its website complete with timings, previous results and volatility ratings. A regularly updated market overview and analysis report is published on the global broker’s website under ‘Market Research’.

FIX API is a way to improve latency and execution times, linking traders directly to liquidity suppliers to remove slippage at busy times. UK and EU clients can apply for a FIX API for improved transparency, speeds and customisation.

Land Prime have also developed a Percent Allocation Management Module (PAMM) system for its global clients that allows traders to set up or invest in public funds.

There are easy visualisation and analysis tools, market history reports and profit distributions, all accessible on the website, requiring no download or installation.

Account Types

Land Prime offers three account types to its global users and three to its UK and EU clients. Each are offered an option that follows a dealing-desk broker model and one that follows an ECN model, though with different conditions.

The third option for global clients uses the ZuluTrade social trading system. The third option for UK and EU clients is a VIP account with a higher minimum deposit and tighter spreads.

Global Standard Account

• Forex, metals, commodities, oil, futures, CFDs
• Major FX pair spreads from 0.8 pips
• Deposit and Recovery bonuses
• Islamic account optional
• Minimum deposit $300
• Leverage up to 1:500
• No commissions
• MT4 & MT5

Global ECN Account

• Forex & spot metals only
• Major FX pair spreads from 0 pips
• No deposit or recovery bonus
• Minimum deposit $2,000
• Leverage up to 1:200
• 0.35 pip commission
• MT4 only

Global ZuluTrade Account

• Forex, CFDs and commodities
• Major FX pair spreads from 2 pips
• No deposit or recovery bonus
• Minimum deposit $300
• Leverage up to 1:500
• No commissions
• MT4 only

UK & EU Standard Account

• Forex, metals, commodities, oil, futures, CFDs
• Major FX pair spreads from 0.8 pips
• Deposit and Recovery bonuses
• Islamic account optional
• Minimum deposit $300
• Leverage up to 1:200
• No commissions
• MT5 only

UK & EU ECN Account

• Forex & spot metals only
• Major FX pair spreads from 0 pips
• No deposit or recovery bonus
• Minimum deposit £5,000
• Leverage up to 1:200
• 0.3 pip commission
• MT5 only

UK & EU VIP account

• Forex, CFDs & commodities
• Major FX pair spreads from 2 pips
• No deposit or recovery bonus
• Minimum deposit $300
• Leverage up to 1:200
• No commissions
• MT5 only

Benefits

Reasons to start trading with Land Prime include:

• Cash prize demo competitions
• Regulated & trustworthy
• Social & copy trading
• Competitive spreads
• 50+ forex pairs
• PAMM system
• MT4 & MT5

Drawbacks

The broker could improve in the following areas:

• Withdrawal fees
• No cryptocurrencies
• No quick-access training webinars and tutorials
• High minimum deposit on some payment methods

Trading Hours

Forex markets are generally open 24 hours a day during the week, though other instruments have different trading hours depending on the markets in which they are based. Land Prime trading platforms stay open to carry out market analysis and client portal management over the weekend.

Customer Support

Land Prime can be contacted either over the phone or through email and live chat. The support team man the phone lines from 09:00 to 17:00 GMT Monday through Friday. There is a live chat option on the right-hand side of the website.

Contact details for the UK and EU branch are:

• Telephone – +44 203 735 9155
• Email – help@landprime.com

The global branch can be contacted via:

• Telephone – +63 2 776 7086
• Email – help@landprime.com

The tech support team is knowledgable and able to help with a range of questions, from platform system requirements to portal login issues.

Client Security

All client funds held by Land Prime are segregated from the company’s capital. UK and EU client funds are held with Barclays, whereas global client funds are held with JP Morgan Chase. The range of payment providers all follow their own rigorous security standards and while the MT4 and MT5 platforms offer an additional layer of security through a one-time-password (OTP).

Land Prime Verdict

Land Prime is a trustworthy broker, regulated in multiple jurisdictions and offering competitive pricing. There are dozens of forex pairs available, though the asset list could be improved with more commodities and the addition of cryptocurrencies. Overall, the broker provides a competitive service, with enticing deals and contests.

Top 3 Alternatives to Land Prime

Compare Land Prime with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex

Land Prime Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by Land Prime and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Land Prime vs Other Brokers

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FAQ

Is Land Prime regulated?

Yes, Land Prime is licensed and regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines for global clients. Land Prime is also regulated by the UK Financial Conduct Authority for clients in the UK and EEA.

What trading platforms does Land Prime provide?

Global traders with Standard Land Prime accounts can download MT4 and MT5 for free for desktops and mobile devices, though ECN and ZuluTrade accounts are limited to just the MT4 platform. UK & EU clients, no matter the account type, have access to MT5 only.

Does Land Prime offer a demo account?

Yes, there is a demo account provided by Land Prime (Formerly Land FX). There are also demo contests held for global clients with cash prizes and the chance to enter a championship for up to $3,000.

What is the minimum deposit to open a Land Prime account?

$300 is the minimum deposit required to register and log in to a Land Prime global Standard or ZuluTrade account. ECN accounts require a minimum deposit of $2,000.

Does Land Prime provide training to newer traders?

There is a section of the website with basic information on day trading and strategies, as well as quick tutorials for opening a Land Prime account and getting started with the trading platforms.