Land-FX is officially licensed by UK and NZ. What about their spread?
Land-FX is a fully licensed Online Forex and CFD broker in NZ and UK.
The broker has acquired UK FCA and NZ FMA licenses and strives to offer STP(Straight Through Processing) trading environment.
Land-FX’s main advantage are:
- Reachable account opening requirements and simple trading conditions
- The most fair STP execution model
Land-FX is especially popular in Asian region, now focusing to expand its market to Europe area.
Land-FX mentions to offer “Raw Spread” from 0.0 pip through ECN account type though, let’s see if the condition is real on MT4.
The below is the spread we have captured in Novemebr 2016, during normal trading hours when the volatility is low.
The actual minimum spread we have seen is a bit higher than expected.
As you can see, the average minimum spread in the “ECN account” ranges from 0.4 – 0.6 pips. The trading commission of the account type is $7 per 1 standard lot, so the actual trading cost in the account is 1.1 pips or more.
The spread cost is around the average or a bit lower, comparing to other STP Forex brokers.
Land-FX offers all-time Deposit Bonuses, so you may want to get benefit from these promotions if you are planning to trade with Land-FX.
Arbitrage on Deposit Bonuses
We have just recommended you to use their bonuses though, please note that “Arbitrage trading to abuse bonus promotions” is strictly prohibited.
Land-FX may cancel all profits in the account, in case the broker finds such activities in your trading account.
For more information of Land-FX, please refer to the page below.