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Is Land Prime a reliable broker? Withdrawal issues reported by traders?
Trade with confidence at Land Prime, where cutting-edge technology meets user-friendly trading conditions!
Land Prime, an ECN broker with over a decade of experience, offers trading on a variety of instruments with competitive conditions such as zero trading commissions and spreads from zero pip. Although it is not strictly regulated, Land Prime assures the security of client funds by using segregated accounts and adheres to high standards of data protection. The broker provides a wide range of deposit and withdrawal methods, facilitating easy and often cost-free transactions. However, there are significant delays and transparency issues with withdrawals, leading to dissatisfaction among traders. Land Prime’s platform includes advanced trading technologies and partnerships with major tech companies to ensure stable and reliable trading.
Feature | Details |
---|---|
Broker Type | ECN Broker |
Regulation | Not officially regulated |
Trading Instruments | Forex, Indices, Metals, Stocks, Oil, Gas |
Minimum Deposit | $10 |
Maximum Leverage | 1:2000 (varies by instrument and deposit amount) |
Spreads | Starting from 0.0 pip |
Trading Platforms | MetaTrader 5, Webtrader, Multiterminal, Mobile App |
Deposit Methods | Visa, Mastercard, Binance Pay, Neteller, Skrill, Bitcoin, USDT, Bank Transfer, Sticpay, Fasapay |
Deposit Fees | Starting from zero (varies by method) |
Withdrawal Methods | Visa, Mastercard, Bank Transfer, Neteller, Skrill, Sticpay, Fasapay |
Withdrawal Issues | Delays and lack of transparency reported |
Security of Funds | Segregated accounts in top-tier banks |
Negative Balance Protection | Available |
Educational Resources | Available |
Promotions | Not available |
See Trading Conditions of LandPrime
Is Land Prime reliable as a broker?
Award-winning and considered a leader in the field, Land Prime is an ECN broker that has been enabling trading in global markets for over a decade, in an environment with excellent performance and guaranteed liquidity. The broker allows clients to trade on Forex, indices, metals, stocks, oil, and gas with extremely advantageous trading conditions, which include: trading commissions starting from zero, free or low-cost deposits and withdrawals, spreads starting from zero pip, and a minimum deposit starting from just $10.
But beyond the quality of service, is Land Prime safe?
Land Prime is not a strictly regulated broker and consequently is not subject to the supervision of any state regulatory body. Despite this, the broker implements excellent maneuvers for the security of funds and sensitive customer data:
- Funds are safe.
- All client funds are deposited in segregated accounts at top-level banks and separated from the company’s capital which cannot be used for its own purposes.
- Protection of sensitive customer data.
- All client information is managed following rigorous security standards. To open an account, each trader will need to verify their identity and country of origin by providing the necessary KYC verification documents.
- Guaranteed liquidity.
- The high liquidity of Land Prime is guaranteed by close collaboration with giants in the sector such as Equinix, Amazon, RousTech, and PrimeXM. In addition to increasing the platform’s credibility, this collaboration allows traders to access a stable, secure, and efficient trading environment. Land Prime customers can thus focus solely on their trading without having to worry about problems arising from poor liquidity.
Features | Land Prime |
---|---|
Regulations | Not officially regulated |
Demo Account | Available |
Minimum Deposit | Starting from $10 |
Maximum Leverage | 1:2000 (varies by instrument and capital deposited) |
Platforms | MetaTrader 5, Webtrader, Multiterminal, Mobile app |
Negative Balance Protection | Available |
Available Instruments | Forex, indices, metals, stocks, oil and gas |
Social Trading and Copy Trading | Available |
Stop Out Level | Starting from 30% |
Margin Call | Starting from 50% |
Spreads | Variable starting from 0.0 pip (varies by account type and selected instrument) |
Trading Commissions | Starting from zero |
Deposit Commissions | Starting from zero (varies by selected funding method) |
Withdrawal Commissions | Starting from zero, varies by payment method selected |
Available Accounts | Standard, ECN, Cent, Copy Trading |
Swap-Free Account (Islamic Account) | Available |
Educational Material | Available |
Promotions and Competitions | Not available |
Open an account with LandPrime
Deposits
The broker offers a wide range of funding methods to load one’s account quickly and securely, each client can choose the most suitable for their needs and make a transaction with costs starting from zero.
Funding method | Execution times | Minimum deposit | Maximum deposit | Base currency | Deposit commissions |
---|---|---|---|---|---|
Binance Pay | Within 1 hour | USDT 10 | USDT 100,000 | USDT | Zero |
Visa credit card | Within 1 hour | 50 USD / 5,000 JPY | 40,000 USD / 4,000,000 JPY | USD, JPY | Zero |
Mastercard credit card | Within 1 hour | 50 USD / 5,000 JPY | 40,000 USD / 4,000,000 JPY | USD, JPY | Zero |
Sticpay | Instantaneous | USD $5 | USD $50,000 | USD, EUR, JPY | Zero |
Neteller | From 1 to 2 hours | USD $5 | USD $10,000 | AUD, GBP, CAD, DKK, EUR, INR, JPY, MXN, NOK, RUB, SGD, SEK, TWD, USD | Zero |
Skrill | From 1 to 2 hours | USD $5 | USD $10,000 | USD, EUR | Zero |
Bitcoin | From 1 to 2 hours | USD $5 | USD $50,000 | BTC | Zero |
USDT | Within 1 hour | USD $50 | Unlimited | USDT | Zero |
Fasapay | Within 1 hour | USD $50 | Unlimited | USDT | Zero |
Bank transfer | 2 – 3 working days | USD $50 | USD $50,000 | USD, EUR, JPY | Zero |
See Trading Conditions of LandPrime
To make a deposit, each client must hold a strictly verified account. For the deposit to be credited to the trading account, the following information will be required: full name, MT account number, and registered email address.
- Step One
- Log in to your account, click on the menu on the right of the screen and select the “Deposit” icon.
- Step Two
- A list of available funding methods will appear, select the most suitable for your needs.
- Step Three
- Enter the amount to deposit in the appropriate form and click on the “deposit” icon.
- Last Step
- Once the deposit is processed, it will be visible on your MT4/5 account (for bank transfer it will take about 2-3 days)
Open an account with LandPrime
Withdrawals: too slow
Regarding withdrawals, recently the broker has not met the needs of customers who have encountered slow and unclear operations. Indeed, according to the statements of numerous traders, at the time of requesting a withdrawal, the broker would drastically slow down the execution of the operation. Insinuating abusive trading behaviors, violation of terms and conditions, and the suspicion of multiple promotion requests from a single customer, Land Prime communicated to the trader that thorough investigations would be necessary before the withdrawal could be executed. Withdrawal that after a long wait would still be executed. A unclear modus operandi, perhaps deliberately slow and cumbersome, with the intent to prevent the trader from withdrawing funds.
See Trading Conditions of LandPrime
Subsequently, the available withdrawal methods:
Withdrawal methods | Execution time | Description | Withdrawal commission |
---|---|---|---|
Sticpay | Processed within 1 – 2 working days | Sticpay is one of the most popular and easy funding methods for depositing/withdrawing funds from your trading account. | Applies 0.3 USD + 2.5% per transaction |
Neteller | Processed within 1 – 2 working days | NETELLER is both an e-wallet and an extremely flexible payment account. It enables fast deposit/withdrawal of funds from the trading account | Applies 2% (min 1 USD, max 30 USD) per transaction |
Skrill | Processed within 1 – 2 working days | A highly popular payment method, Skrill offers quick, simple, and secure transactions | Applies 1% per transaction |
Bank transfer | Processed within 1 – 2 working days (2 to 5 working days to reach client accounts) | Direct transfer of funds between bank accounts | No commission (a commission will be applied by the recipient’s bank) |
Fasapay | Processed within 1 – 2 working days | An intuitive, simple, and secure payment method | Zero commissions |
Visa – Mastercard credit card | Executed in 4-7 working days | Can be made up to the amount deposited using the same credit card | Zero commissions |
To make a withdrawal request, just follow these very simple steps:
- First Step
- Access your member area and click on the “Withdraw” icon.
- Second Step
- Viewing the table of available withdrawal methods, select the most suitable and click on “Next”.
- Third Step
- Enter the amount you wish to withdraw and submit the request.
- Last Step
- The broker will send an email “Land Prime Approval of Withdrawal Request”. The withdrawn amount will be subtracted from the trading account.
Open an account with LandPrime
FAQs to summarize the article
- What is Land Prime?
- Land Prime is an ECN broker that offers trading across multiple markets including Forex and commodities, known for low commissions and high liquidity.
- Is Land Prime regulated?
- No, Land Prime is not strictly regulated nor overseen by any major financial regulatory body.
- How does Land Prime ensure the security of client funds?
- Client funds are held in segregated accounts in top-tier banks, separate from company funds.
- What trading platforms does Land Prime offer?
- Land Prime offers MetaTrader 5, Webtrader, Multiterminal, and a mobile app for trading.
- What is the minimum deposit required by Land Prime?
- The minimum deposit at Land Prime starts from as low as $10.
- Are there any fees for deposits or withdrawals at Land Prime?
- Land Prime offers zero to low-cost options for deposits and withdrawals, although withdrawal fees vary by method.
- How can I deposit money into my Land Prime account?
- Deposits can be made using various methods like bank transfers, e-wallets, and credit cards, usually processed within one hour.
- What issues have traders reported with Land Prime withdrawals?
- Traders have reported delays and lack of transparency during the withdrawal process, sometimes needing extensive verification.
- Does Land Prime offer educational resources?
- Yes, Land Prime provides educational materials and trading tools to support traders of all experience levels.
- How can I open a real trading account with Land Prime?
- You can open an account by visiting the Land Prime website and following the sign-up process to start trading.