Land Prime Broker Review 2024

Land Prime is a multi-asset brokerage with more than 210,000 active traders and over $920B traded value.

Furthermore, the company is regulated by the well-respected FCA in the UK, adding to its reputation and reliability.

LP has been awarded more than 10 times, including The Most Trusted Broker Award 2021 by International Business Magazine.

Land Prime Information & Regulation

Land Prime is a financial broker established in 2016, founded by a team of industry experts with extensive experience in the financial markets.

The company is headquartered at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines.

This broker is regulated by the reputable Financial Conduct Authority (FCA) in the United Kingdom, and has received several awards, including:

• Leading Online Trading Solutions Provider in World Fintech Business Magazine of 2023;
• The Best CFD Broker South East Asia in Global Fintech Service of 2022;
• The Best Trading Platform in World Forex Award 2020;
• And more.

Table of Key Specifics

To give you a clearer picture of what Land Prime brings to its clients, let's break down some of their key offerings:

Which Account Types are Offered?

The broker offers two main trading accounts, one designed for normal traders and another suitable for more experienced ones.

Here's their specifics at a glance:

For those who want to test the waters without risking real capital, the brokerage also offers a Demo Account.

Land Prime Account Opening and Verification Guide

Getting started with this brokerage is a completely typical process similar to that of many other brokers. Here's a quick rundown:

• Head to the website and click on the "Register" button at the top;
• Fill in the required information, including name, date of birth, email, and country of residence;
• Click "Receive CODE", then enter the code from your email inbox in the relevant field, and click "Validate";
• Create a password according to the rules;
• Agree with the terms and conditions.

After going through these steps, you will have created your account. Afterward, verify your phone number, provide additional information, and upload the required documents for KYC (Know Your Customer) purposes to verify your account.

Available Trading Platforms and Tools

Brokers often employ third-party platforms for providing trading services to their clients. Land Prime has taken the same approach, offering two of the most popular trading platforms in the industry: MetaTrader 4 and MetaTrader 5. Important Features:

• Access to various technical analysis tools;
• Customizable charts;
• Expert Advisors (EAs) for making the trading automatic;
• Economic Calendar embedded;
• Backtesting features.

The mentioned platforms are available for these operating systems:

• MT4:
  • Windows;
  • Mac;
  • Android;
  • iOS;
  • Web.

• MT5:
  • Windows;
  • Mac;
  • Android;
  • iOS;
  • Web.

The brokerage also provides access to a MultiTerminal tool for managing multiple MT4 accounts in 1 single terminal. It's available on PC.

Spreads and Commissions Structure

In this section, we will review the commissions and fees for trading in different account types, first.

Trading Commissions and Spreads

Here's a table to investigate the costs charged by the broker in trading:

Non-Trading Fees

Based on the thorough investigations done by our team, there are no fees for deposits and inactive accounts. However, a commission applies for withdrawals; the amount varies depending on the used method.

Land Prime Broker Deposit & Withdrawal Methods

Land Prime offers a decent variety of payment options to accommodate traders from different regions and with different preferences. You can see the options in the lists below:

• Deposit Methods:
  • Credit/Debit Cards (VISA, MasterCard);
  • Cryptocurrencies (BTC, USDT, BinancePay);
  • E-wallets (Skrill, Neteller, SticPay);
  • Bank Wire Transfers.
• Withdrawal Options:
  • Bank Wire Transfers;
  • E-wallets (Skrill, Neteller).

Note that these choices might change based on your region.

Copy Trading Service and Investment Options

While the company focuses primarily on providing a straightforward trading experience, it does offer some options for those interested in copy trading and managed investments:

• Copy Trading: This allows less experienced traders to mimic the trades of successful traders automatically;
• PAMM (Percentage Allocation Management Module): This system enables investors to allocate their funds to experienced money managers. The profits (or losses) are distributed proportionally based on the investment amount;
• Dividends: Indices and stocks are available for receiving dividends as a kind of passive income.

Regarding the Copy Trading service, the dedicated page on the website was not loaded properly when we attempted to examine it:

Can I Access Any Bonuses and Promotional Offers?

As of our latest investigation on the website and the company, Land Prime does not offer any ongoing bonuses or promotions. This approach might have various reasons, one of which could be the strict regulatory environment.

Remember that this is not necessarily permanent, and there is always a chance of changes. We will inform you of any updates in this page.

Support Contact Channels and Open Hours Schedule

The brokerage offers customer support services via several channels, excluding the popular "online chat" provided by many brokers in the industry. Support Methods:

• Email: help@landprime.com (general inquiries), partners@landprime.com (IB/affiliate program), account@landprime.com (account-related issues);
• Phone: +63 7767086;
• Ticket System: Available on the website.

Unfortunately, the support department does not work on weekends; it's available to answer your inquiries 24 hours, Monday to Friday.

Trust Scores and Reviews Overview

Trust scores and user reviews, which are submitted on relevant websites such as "Trustpilot" and "ForexPeaceArmy", form a general image of a broker's performance and reliability.

 Land Prime's scores on popular review platforms are as follows:

• Trustpilot: 3.2/5 stars (based on +20 reviews) with more than 70% of 5-star scores;

• ForexPeaceArmy: 2.99/5 stars with over 50 reviews.

These scores indicate a mixed but generally positive reception from users. In other words, the overall sentiment suggests that while the company has room for improvement, it maintains a satisfactory level of service for many of its clients.

Conclusion and Final Words

Land Prime is a financial broker based in St. Vincent and The Grenadines, offering 24/5 support, an ECN account, and leverage up to 1:2,000.

Also, the low minimum deposit of $10 is attractive for those intending to start with little funds.

On the other hand, the trust score on FPA is approx. 3.0/5, relatively lower than that of other competitors. Also, there is no proprietary trading platform.