Land-FX (Land Prime) has three trading types when you open an account, so we will compare and explain the bonus and spread information. Each account type has its own characteristics, so please refer to them. The strategy also changes depending on the account type. Which account with a narrow spread is suitable for short-term traders? explain.
What are the account types of Land-FX?
There are three account types. The standard account is the most popular account type, but there is also an ECN account for professionals. There is also a swap-free account with no swap points. There is a bonus with the standard account, but no bonus with other accounts. Instead, the ECN account has an extremely narrow spread, so it is recommended for short-term traders. Take advantage of campaigns and promotions while cashbacks are also available. It is a broker that is ranked high.
Standard | Swap Free | ECN | |
Trade Style | NDD STP | NDD STP | NDD ECN |
Max Leverage | Unlimited | Unlimited | 1,000 |
Trade Instrument | Forex Metal Energy Indice | Forex Metal | Forex Metal |
Commission | Free | Free | 0.3pips |
Spread | 1.1pips- | 1.1pips- | 0.5pips- |
Lots | 100,000 currency | 100,000 currency | 100,000 currency |
Min Lots | 0.01 | 0.01 | 0.01 |
Max Lots | 30 | 30 | 30 |
Max Position | 100 | 100 | 100 |
Scalping | 〇 | 〇 | 〇 |
Auto Trade | 〇 | 〇 | 〇 |
Hedge | 〇 | 〇 | 〇 |
Margin Call | 30% | 30% | 50% |
Loss Cut | 0% | 0% | 30% |
Zero Cut | 〇 | 〇 | 〇 |
Trade Tool | MT4 MT5 | MT4 MT5 | MT4 MT5 |
Base Currency | JPY USD | JPY USD | JPY USD |
Min Deposit | 10$ | 10$ | 500$ |
Campaign | 〇 | × | × |
You can freely choose the account you need. You can select USD or JPY as the base currency, but you cannot select EUR. The platform is compatible with MT4 and MT5 and is provided free of charge by the operator by logging into the official website. For those with investment experience, a professional ECN account is recommended. You can start with a maximum of 100 positions and a maximum of 30 lots. There are many servers and they are relatively stable. Losses can be tolerated up to 0%. ECN has a loss cut of 30%.
standard account
Standard account is the most orthodox account type. The standard account requires a minimum initial deposit of $10 and allows you to use up to unlimited leverage, making it possible to trade with very high leverage. It is also the account type that handles the most products, so it is the most recommended account type for Land-FX beginners. This account type allows you to trade currency pairs, precious metals, energy, and stock indices. Virtual currencies are not handled in all accounts.
swap free account
As the name suggests, a swap-free account has no swap points. This is the account type with the widest spread, but on the other hand, it does not earn swap points, so it is the most recommended account type for those who are good at long trades. Since the conditions are the same as standard accounts except for swaps, it is recommended to open a swap-free account rather than a standard account.
ECN account
The biggest strength of ECN accounts is that they have the narrowest spreads. This account type is most suitable for short-term traders and scalping trades. Extremely narrow spreads with a minimum of 0 pips and trading fees of $3 each way. Please note that leverage is limited to 1000x. This account has high execution power because it uses the excellent NDD ECN method.
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/09/amc-6295145_640.jpg?resize=640%2C427&ssl=1)
Thorough comparison of Land-FX average spreads
Spreads are definitely narrower on ECN. ECN accounts are for short-term traders, while standard accounts and swap-free accounts are for medium to long-term traders. Overall, the spreads of ECN accounts are narrower than other companies such as XM, axiory, bigboss, exness, easy markets, titanfx, etc. Economic indicators are dangerous because the spreads are different from normal and can become wild. Be careful of margin calls to protect your assets. Please check with support for details.
Forex
We investigated the environment and listed the average spreads of foreign exchange. Some may be a little wider. ECN accounts have lower overall spreads and tend to be narrower, making them suitable for short-term investment users, but transaction costs are high. You can start a new trade even with a small amount. There are quite a large number of currency pairs, so it is also recommended for those who want to play minor currencies.
Standard | ECN | |
USD/JPY | 1.2pips | 0.4pips |
EUR/JPY | 1.6pips | 0.8pips |
GBP/JPY | 1.8pips | 1.0pips |
AUD/JPY | 1.6pips | 1.0pips |
CAD/JPY | 2.5pips | 2.1pips |
CHF/JPY | 2.6pips | 1.8pips |
USD/CAD | 1.3pips | 0.8pips |
USD/CHF | 1.2pips | 0.2pips |
EUR/USD | 1.0pips | 0.1pips |
EUR/GBP | 1.6pips | 1.0pips |
EUR/AUD | 2.0pips | 1.2pips |
EUR/CAD | 2.4pips | 1.8pips |
EUR/CHF | 1.8pips | 1.0pips |
GBP/USD | 1.2pips | 0.8pips |
GBP/AUD | 2.5pips | 1.6pips |
GBP/CAD | 3.8pips | 2.8pips |
GBP/CHF | 3.2pips | 2.4pips |
AUD/USD | 1.3pips | 0.6pips |
AUD/CAD | 2.6pips | 1.7pips |
AUD/CHF | 2.6pips | 1.7pips |
AUD/NZD | 2.0pips | 1.2pips |
Metal
Precious metals are for trend followers because the market is very volatile. There have been significant market movements in the past. Trade carefully to avoid losing your money.
Standard | ECN | |
XAU/USD | 3.5 | 2.2 |
XAU/USD_m | 4.9 | 5.3 |
XAG/USD | 3.7 | 3.7 |
Energy
L’énergie est similaire aux métaux précieux et évolue généralement bien. Assurez-vous de vous contrôler.
Standard | ECN | |
CRUDE | 0.7 | ‐ |
BRENT | 0.7 | ‐ |
NGAS | 3.3 | ‐ |
Indice
There are many indexes available. There were 67 types of foreign exchange, but the number of target stocks is still substantial. You can trade with Metatrader using indicators. Landprime is attractive because it has low costs and narrow spreads. It is also highly rated by advanced traders.
Standard | ECN | |
JP225 | 1.7 | ‐ |
US30 | 1.4 | ‐ |
US100 | 2.5 | ‐ |
S&P500 | 1.7 | ‐ |
EU50 | 2.1 | ‐ |
UK100 | 1.8 | ‐ |
FR40 | 9.2 | ‐ |
AU200 | 2.9 | ‐ |
SPAIN35 | 13.9 | ‐ |
DE30 | 2.9 | ‐ |
HK50 | 18.1 | ‐ |
![](https://i0.wp.com/www.worldforexintroduction.com/wp-content/uploads/2023/03/finance-5782416_640.jpg?w=1276&ssl=1)
Land-FX main leverage limits and rules
Standard accounts and swap-free accounts have unlimited leverage. ECN accounts have 1000x. However, all account types have leverage restrictions based on the margin balance. Details for standard accounts are as follows. Be careful when trading large amounts with tools. Settings will change depending on the amount. This is what makes them different from domestic brokers. Consider this when using Land Prime. The service is high-level and high-leverage even in the industry, so you can use it at your optimum level.
Max Leverage | |
-999$ | Unlimited |
1000-4999$ | 2000 |
5000-29999$ | 1000 |
30000-199999$ | 500 |
200000$- | 200 |
For ECN accounts, it looks like this:
Max Leverage | |
-29999$ | 1000 |
30000-199999$ | 500 |
200000$- | 200 |
In Land-FX, in addition to leverage limits on margin and trade size, there are also limits on economic news announcements. When there are large fluctuations, we do not know how the market will move, so there are restrictions on trading.
You can open an account for free
Currently, you can open an account with Land-FX for free. All customer personal information (name, date of birth, gender, address, phone number) must be entered, along with identification documents (My Number Card, passport, driver’s license) and address proof documents (residence card, utility bill, statement) ) is required. Certification will of course take place on weekday business days. Once verified, investors can deposit and trade immediately.
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