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.
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:
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
Land-FX offers investors a range of financial trading instruments, including Forex currency pairs, commodities, indices, oil & gas.
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.
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.
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.
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
|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.
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.
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.
Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:
Telephone: +81 0120-430-283
You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.
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.
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 --.
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.
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 --.