Land Prime
Pros and Cons
Pros
- Regulated by FCA with client fund protection
- Wide variety of trading instruments including Forex, CFDs, and metals
- Competitive spreads starting from 0 pips on ECN accounts
- High leverage options available, up to 1:2000
- Supports popular trading platforms: MetaTrader 4 and 5
Cons
- Limited regulatory oversight compared to major financial centers
- Withdrawal fees apply
- Inconsistent customer support responsiveness
- No cryptocurrency trading available
- Limited educational resources for traders
Basic Information
User Reviews
Land Prime Overview
Land Prime is a forex broker established in 2016 and headquartered in Saint Vincent and the Grenadines. It is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, which ensures a high level of trust and security for its clients. The broker holds a license number 709866, allowing it to operate under strict regulatory frameworks that protect client funds and maintain operational transparency. With a robust regulatory status, Land Prime provides a reliable trading environment for both novice and experienced traders in the forex market.
As a multi-asset broker, Land Prime offers a diverse range of trading instruments, including forex, commodities, indices, and cryptocurrencies. Traders can utilize popular platforms like MetaTrader 4 and 5, which are equipped with advanced tools for technical analysis and automated trading. The broker also emphasizes customer support, providing assistance 24/5 through various channels. Notable features include competitive spreads starting from 0 pips on ECN accounts and leverage options up to 1:2000, which can enhance trading potential. These attributes, combined with a low minimum deposit of just $10, position Land Prime as an appealing choice for traders looking to engage in forex trading.
Is Land Prime Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds, Investor Compensation Scheme |
| Financial Services Commission (FSC) | Saint Vincent and the Grenadines | Segregated Funds |
Is Land Prime Regulated and How Are Client Funds Protected?
Land Prime operates under the regulatory oversight of the Financial Conduct Authority (FCA) in the United Kingdom, which is known for its stringent regulatory standards, providing a level of security and legitimacy for traders. The broker is also registered with the Financial Services Commission (FSC) of Saint Vincent and the Grenadines, though this jurisdiction is generally viewed as offering less robust investor protection.
Client funds at Land Prime are safeguarded through segregation; this means that client money is held in separate accounts from the broker’s operational funds, minimizing risks in case of financial difficulties. Additionally, the FCA provides an investor compensation scheme, which offers further protection to clients in the event of insolvency. However, traders should remain aware of the mixed reviews regarding withdrawal issues and customer service responsiveness, which might affect their overall trading experience. Despite these concerns, the broker’s regulatory status suggests it operates within a legitimate framework, enhancing its reputation as a regulated and safe trading option.
Trading Products and Services
What trading instruments does Land Prime offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, USD/CHF, AUD/USD | 65+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Many |
| Stocks | Apple, Tesla, Amazon, Google | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Land Prime offers a comprehensive range of trading tools, allowing users to engage in various asset categories including Forex, commodities, indices, stocks, and cryptocurrencies. This diversity caters to different types of traders, from beginners seeking to learn the basics to professionals implementing advanced strategies. The availability of multiple trading instruments supports portfolio diversification, enabling traders to mitigate risks and adapt their strategies according to changing market conditions. With over 65 Forex pairs and a wide selection of commodities and stock CFDs, Land Prime empowers users to navigate the markets effectively and tailor their investment approaches to their unique preferences and risk tolerance.
Account Types and Trading Conditions
What Account Types and Fees Does Land Prime Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners and casual traders | Low minimum deposit, competitive spreads starting at 0.9 pips, no commission | Ideal for those starting with small capital |
| ECN Account | Experienced traders and professionals | Ultra-low spreads starting from 0 pips, commission applicable | Requires a higher minimum deposit, suitable for high-volume trading |
| Asian Standard Account | Traders from the Asian region | Specific trading conditions tailored for Asian markets, moderate spreads | Minimum deposit of $50, caters to regional needs |
| Swap Free Account | Traders adhering to Islamic finance principles | Offers a swap-free environment with no overnight interest charges | Available for those needing compliance with Islamic trading regulations |
| Demo Account | New traders and those testing strategies | No risk trading environment, same features as live accounts | Useful for practice without financial commitment |
Account Opening Process
Opening an account with Land Prime is a straightforward process that involves several steps. First, traders need to select the account type that best suits their trading strategy. After that, they are required to register by filling out a form that includes personal details.
Once registered, the next step is to verify identity, which entails submitting documents such as a government-issued ID and proof of address. This identity verification is crucial for compliance with regulatory standards. After verification, users can fund their account based on the minimum deposit requirement of the chosen account type.
Land Prime also offers flexibility in account management, allowing traders to upgrade their accounts, for instance, moving from a Standard to a Professional Account as they gain experience and meet the necessary trading volume requirements.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.9 | $0 (ECN: $3.5/lot) | Competitive spreads for both Standard and ECN accounts |
| Forex (USD/JPY) | 1.0 | $0 (ECN: $3.5/lot) | Similar competitive pricing |
| CFDs (Gold) | 3.2 | $0 | Varies during high volatility |
| CFDs (Stocks) | 1.5 | $0 | Standard spreads apply |
| Cryptos (BTC/USD) | 1.0% | $0.1 | Fees vary based on market conditions |
Other Fees
Traders should also be aware of several other fees that may apply at Land Prime. These include deposit and withdrawal fees, which can differ based on the payment method used. There is no inactivity fee, which is favorable for those who may not trade regularly.
Additionally, overnight interest (swap rates) may apply for positions held beyond the trading day, particularly in accounts that do not adhere to Islamic finance principles. Lastly, currency conversion fees may be charged for accounts operating in different base currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Land Prime Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, price alerts, technical indicators | Demo account, VPS |
| MT5 | Windows, macOS, iOS, Android | Encryption, one-click trading, push notifications, economic calendar | Demo account, API interface |
| Web Version | Browser-based | Biometric login, symbol lookup, price alerts | Demo account |
| Mobile App | iOS, Android | Biometric login, fast order execution, push notifications | Demo account |
The MT4 platform is ideal for beginner traders, offering essential tools for effective trading. MT5, suitable for advanced traders, includes additional features for multi-asset trading and automation. The web version provides flexibility with its browser-based access, while the mobile app ensures traders can manage their accounts conveniently from anywhere. Land Prime emphasizes mobile trading with secure login options, rapid order execution, real-time alerts, and efficient market search tools.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, JPY |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 4-7 days (must refund to the same card) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: up to deposited amount | USD, EUR |
| E-wallets (Neteller, Skrill, PayPal) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: up to deposited amount | USD, EUR, JPY |
| Local Payment Methods (GrabPay, FasaPay, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. For first-time large withdrawals (typically over 2,000 USD), identity documents and address proof are required for verification.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
- Log in to the Members Area and click on the Withdraw button.
- Select your preferred withdrawal option.
- Enter the amount you wish to withdraw and submit the request.
- Check your email for confirmation about the withdrawal request.
Land Prime will process withdrawal requests back to the source of the original deposit, following a priority procedure for refunds.
Regional differences in payment methods are noted, such as Southeast Asian users preferring GrabPay, while European clients often utilize SEPA transfers. Additionally, be aware that certain tools may be restricted by country.
Customer Support
Land Prime Customer Support Overview
Support Channels
Land Prime offers multiple contact methods to ensure that customers receive the help they need promptly. Clients can reach out through:
- Email: For inquiries, customers can use help@landprime.com. Specific support emails are also available for IB & Affiliate issues and deposits/withdrawals.
- Live Chat: Instant support is available via the live chat feature on the Land Prime website, where representatives are ready to assist.
- Telephone: Customers can call the customer service center during operating hours for immediate assistance.
- Social Media: Land Prime maintains an active presence on platforms like Facebook, where customers can also seek help.
Service Availability
Land Prime provides customer support 24/5, ensuring that help is available on weekdays. Additionally, multilingual support is offered, catering to clients in various languages including English, Spanish, and Mandarin.
Additional Resources
To enhance the trading experience, Land Prime offers educational resources including video tutorials, webinars, market analysis, and trading signals, all designed to help customers improve their trading skills and market understanding.
Frequently Asked Questions
Land Prime prioritizes the security of client funds through segregation of accounts, ensuring that client funds are kept separate from the company’s operational funds. Additionally, we utilize secure payment gateways and comply with regulatory standards to protect client information and transactions.
Land Prime offers competitive trading conditions, including unlimited leverage for ECN accounts (up to 1,000:1). The Margin Call Level is set at 50%, and the Stop Out Level is at 30%. It is important for traders to manage their leverage carefully, as it can amplify both potential profits and losses.
Land Prime adheres to strict regulatory standards set by financial authorities to ensure fair trading practices. This includes the requirement to verify client identities and assess their trading knowledge and experience, which helps in providing tailored services and protecting client interests.
If you experience any issues with the trading platform, you can first try logging out and logging back in. If the problem persists, please check our Help Center or contact our customer service team via live chat or email. We are available 24/7 to assist you with any technical difficulties.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.