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LAND-FX , MONEX Broker Comparison

Do you want to know which is the better broker between LAND-FX and MONEX ?

In the table below, you can compare the features of LAND-FX , MONEX side by side to determine the best fit for your needs.

  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
  • WikiFX rating
  • Basic Information
  • Benchmark
  • Account
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
WikiFX rating
Score
Regulatory Status
WikiBit Guarantee
WikiFX Survey
Risk Evaluation
WikiFX exposure
Basic Information
Established
Regulatory license
MT4
MT5
Cryptocurrency
Deposit and withdrawal method
Benchmark
Transaction environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account
Accounts
Account name
Products
Funding Requirement
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum position
Cryptocurrency
Lock postition
Scalping
EA trading
LAND-FX
4.72
Exceeded
Under guarantee
5-10 years
FCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
MONEX
7.45
Regulated
Under guarantee
--
15-20 years
FSA
--
A
A
455.7
296
296
344
1999
1999
407
A

EURUSD: 0.2

XAUUSD: --

28
-1
28
C
16.07 USD/Lot
55.67 USD/Lot
AAA

Long: -3.5

Short: 1.5

Long: -4.36

Short: 2.36

A
0.9
179.5
--
--
--
--
--
--
--
--
--
--
--
--

LAND-FX 、 MONEX BrokersRelevant information

LAND-FX BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of land-fx, monex lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

land-fx

General Information & Regulation

Land-FX was founded in 2013, is an online broker offer forex and CFD trading services. Land-FX claims that it holds a straight-through license from the FCA in the UK, however, this FCA is suspected to be a clone one. Land-FX does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan, Syria and North Korea and listed

Market Instruments

Land-FX offers investors a range of financial trading instruments, including Forex currency pairs, commodities, indices, oil & gas.

Minimum Deposit

Land-FX offers traders three different trading accounts: the trader account, the ECN account, and the VIP account. The minimum initial deposit for a trader account is £300, the minimum lot size 0.01 lots, and the maximum leverage up to 1:500. The minimum initial deposit for an ECN account is £5,000, the minimum lot size is 0.1.

Land-FX Leverage

The maximum leverage offered by Land-FX is up to 1:200, when it comes to trading leverage. Since trading leverage can amplify profit as well as losses, inexperienced traders are not advised to use too high trading leverage in case of heavy fund losses.

Spreads & Commissions

The spreads on the Land-FX platform are 1.5 pips for EURUSD and 2.7 pips for EURGBP, 4.3 pips for GBPAUD, as low as 0.1 pips for EURUSD, and 2 pips for spot gold with a commission of 0.3 pips per lot for ECN accounts. The EURUSD spread on the VIP account is 0.9 pips and EURGBP 2.2 pips.

image.png

Trading Platforms

Land-FX provides traders with the most popular trading platform, MT4 (compatible with PC, mobile, and tablet), FIX API, and social trading platforms. MT4 is a market-leading forex trading platform with a user-friendly trading interface, powerful charting tools, a wide range of technical indicators and backtesting environment options, and support for automated trading via EA. It helps traders to create their own trading strategies.

Deposit & Withdrawal

Land-FX supports traders to deposit and withdraw funds from their investment accounts via VISA/MasterCard credit/debit cards, wire transfer, Skrill, Neteller.

image.png

Land-FX Pros & Cons

Land-FX Advantages Include:

1. Three trading accounts to choose from

2. Popular deposit and withdrawal methods

Land-FX Disadvantages Include:

1. Spreads not competitive

2. Trading assets not that rich

monex

Registered Country/Region Japan
Regulation FSA
Minimum Deposit N/A
Maximum Leverage 1:25
Minimum Spreads N/A
Trading Platform Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision
Customer Support Email & Phone support

General Information & Regulation

MONEX is an online securities company based in Tokyo, Japan, and wholly owned by the Monex Group. Monex is an online securities company formed through the merger of Monex, Inc. and Nikko Beans

MONEX currently holds a retail foreign exchange license (license number: 1010001064546) from the Financial Services Agency of Japan. MONEX, Inc. is a member of Japan securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association and Japan Investment Adviser Association.

Market Instruments

MONEX provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.

MONEX Fees

The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.

Trading Platforms AVailable

MONEX offers a variety of trading platforms for traders to choose flexibly. These trading platforms are Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.

Deposit and Withdrawal

MONEX offers a wide range of deposit and withdrawal options. Investors can fund their investment accounts through instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers.

Customer Support

Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:

Telephone: +81 0120-430-283

Email: feedback@monex.co.jp

You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.

Pros & Cons

Pros Cons
FSA-regulated No clear Minimum deposit info
Diversified range of products & services Average customer support
Multiple trading platform options
Various payment methods

Frequently Asked Questions

Is MONEX regulated?

MONEX is authorized and regulated by the FSA in Japan under regulatory license number 1010001064546.

What trading instruments does MONEX offer?

Monex provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.

What is the minimum deposit amount required by MONEX ?

The minimum deposit amount to trade with Monex is unknown.

What trading platform does MONEX offer?

MONEX provides multiple trading platform options, including Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.

Can I trade Forex pairs on the MONEX platform?

Yes, you can trade forex on the Monex platform.

Are the transaction costs and expenses of land-fx, monex lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive land-fx and monex are, we first considered common fees for standard accounts. On land-fx, the average spread for the EUR/USD currency pair is -- pips, while on monex the spread is --.

Which broker between land-fx, monex is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

land-fx is regulated by FCA. monex is regulated by FSA.

Which broker between land-fx, monex provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

land-fx provides trading platform including -- and trading variety including --. monex provides trading platform including -- and trading variety including --.

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