What Account Types and Fees Does Land Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
Low minimum deposit, competitive spreads starting at 0.9 pips, no commission |
Ideal for those starting with small capital |
| ECN Account |
Experienced traders and professionals |
Ultra-low spreads starting from 0 pips, commission applicable |
Requires a higher minimum deposit, suitable for high-volume trading |
| Asian Standard Account |
Traders from the Asian region |
Specific trading conditions tailored for Asian markets, moderate spreads |
Minimum deposit of $50, caters to regional needs |
| Swap Free Account |
Traders adhering to Islamic finance principles |
Offers a swap-free environment with no overnight interest charges |
Available for those needing compliance with Islamic trading regulations |
| Demo Account |
New traders and those testing strategies |
No risk trading environment, same features as live accounts |
Useful for practice without financial commitment |
Account Opening Process
Opening an account with Land Prime is a straightforward process that involves several steps. First, traders need to select the account type that best suits their trading strategy. After that, they are required to register by filling out a form that includes personal details.
Once registered, the next step is to verify identity, which entails submitting documents such as a government-issued ID and proof of address. This identity verification is crucial for compliance with regulatory standards. After verification, users can fund their account based on the minimum deposit requirement of the chosen account type.
Land Prime also offers flexibility in account management, allowing traders to upgrade their accounts, for instance, moving from a Standard to a Professional Account as they gain experience and meet the necessary trading volume requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.9 |
$0 (ECN: $3.5/lot) |
Competitive spreads for both Standard and ECN accounts |
| Forex (USD/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Similar competitive pricing |
| CFDs (Gold) |
3.2 |
$0 |
Varies during high volatility |
| CFDs (Stocks) |
1.5 |
$0 |
Standard spreads apply |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Fees vary based on market conditions |
Other Fees
Traders should also be aware of several other fees that may apply at Land Prime. These include deposit and withdrawal fees, which can differ based on the payment method used. There is no inactivity fee, which is favorable for those who may not trade regularly.
Additionally, overnight interest (swap rates) may apply for positions held beyond the trading day, particularly in accounts that do not adhere to Islamic finance principles. Lastly, currency conversion fees may be charged for accounts operating in different base currencies.
