Compare FXOpen vs Land-FX
What is FXOpen? What is Land-FX?
FXOpen is a global forex broker that was founded in 2005 and is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. FXOpen offers ECN, STP, Crypto, and Micro accounts, as well as PAMM and copy trading services. FXOpen supports MT4, MT5, TickTrader, and TradingView platforms.
Land-FX is a forex broker that was established in 2013 and is regulated by the FCA in the UK and the Financial Markets Authority (FMA) in New Zealand. Land-FX offers Standard, ECN, and Swap-free accounts, as well as copy trading services. Land-FX supports MT4 and MT5 platforms.
FXOpen vs Land-FX Regulation Comparison
Both FXOpen and Land-FX are regulated by the FCA in the UK, which is one of the most reputable and strict regulators in the world. This means that both brokers have to comply with high standards of security, transparency, and customer protection. For example, both brokers have to keep client funds in segregated accounts, participate in the Financial Services Compensation Scheme (FSCS) that covers up to £85,000 per client in case of insolvency, and adhere to the negative balance protection policy that prevents clients from losing more than their deposits.
In addition to the FCA, FXOpen is also regulated by ASIC in Australia and FSA in Saint Vincent and the Grenadines, while Land-FX is also regulated by FMA in New Zealand. These regulators have different requirements and levels of oversight for forex brokers. For example, ASIC requires brokers to have a minimum capital of AUD 1 million, while FSA does not have any minimum capital requirement. FMA requires brokers to be a member of an approved dispute resolution scheme, while FSA does not have any such requirement.
FXOpen vs Land-FX Trading Assets Comparison
FXOpen offers a wider range of trading assets than Land-FX. FXOpen allows clients to trade over 50 currency pairs, 25+ cryptocurrency CFDs, shares CFDs, index CFDs, spot metals CFDs, and commodity CFDs. Land-FX only offers 60+ currency pairs, index CFDs, oil CFDs, and gold CFDs.
FXOpen vs Land-FX Trading Fees Comparison
The trading fees of FXOpen and Land-FX depend on the account type and the trading platform chosen by the client. Generally speaking, FXOpen has lower spreads but higher commissions than Land-FX. For example, on the ECN account with MT4 platform, FXOpen charges an average spread of 0.1 pips on EUR/USD plus a commission of $3 per lot per side ($6 round turn), while Land-FX charges an average spread of 0.2 pips on EUR/USD plus a commission of $2 per lot per side ($4 round turn). On the Standard account with MT4 platform, FXOpen charges an average spread of 1.2 pips on EUR/USD with no commission, while Land-FX charges an average spread of 0.9 pips on EUR/USD with no commission.
Both FXOpen and Land-FX do not charge any deposit or withdrawal fees for most payment methods. However, some third-party fees may apply depending on the payment provider.
FXOpen vs Land-FX Account Types Comparison
FXOpen offers four main account types: ECN, STP, Crypto, and Micro. The ECN account provides access to interbank liquidity with raw spreads and commissions. The STP account offers market execution with variable spreads and no commissions. The Crypto account allows trading cryptocurrency CFDs with leverage up to 1:10. The Micro account is designed for beginners with low minimum deposit and trade size requirements.
Land-FX offers three main account types: Standard, ECN, and Swap-free. The Standard account offers market execution with variable spreads and no commissions. The ECN account offers access to interbank liquidity with raw spreads and commissions. The Swap-free account is designed for Islamic traders who do not want to pay or receive swap fees.
FXOpen vs Land-FX Deposit Options Comparison
FXOpen and Land-FX both offer a variety of deposit and withdrawal options for their clients. These include bank wire transfer, credit/debit cards, e-wallets, and cryptocurrencies. However, the availability of some payment methods may depend on the client’s country of residence and the currency of the account.
FXOpen has a lower minimum deposit requirement than Land-FX. FXOpen allows clients to open an account with as little as $10 for the Micro account, $100 for the STP and Crypto accounts, and $1000 for the ECN account. Land-FX requires a minimum deposit of $10 for the Standard and Swap-free accounts, and $1000 for the ECN account.
FXOpen vs Land-FX Trading Platforms Comparison
FXOpen and Land-FX both support MT4 and MT5 platforms, which are the most popular and widely used trading platforms in the forex industry. MT4 and MT5 offer advanced charting tools, technical indicators, automated trading systems, and customizable features. Both brokers also provide free VPS services for clients who meet certain criteria.
In addition to MT4 and MT5, FXOpen also supports TickTrader and TradingView platforms. TickTrader is FXOpen’s own multi-asset trading platform that offers fast execution, low latency, and multiple order types. TradingView is a web-based platform that offers powerful charting and social trading features.
FXOpen vs Land-FX Analytical Tools Comparison
Both FXOpen and Land-FX provide various analytical tools for their clients to enhance their trading performance. These include economic calendars, market news, technical analysis, trading signals, webinars, and educational materials. However, the quality and quantity of these tools may vary depending on the broker’s website and platform.
FXOpen vs Land-FX. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preferences, trading goals, and risk appetite. The best way to decide which broker is more suitable for you is to test them out by opening a demo account or a real account with a small deposit and testing their service and performance. You can also read online reviews and feedback from other traders who have used these brokers before.
