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TradelandFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-06 13:46

Abstract：Tradeland FX was registered in 2007 in South Africa, specializing in the forex, CFD, share, indice, energy, metal, and crypto markets. It uses MT4 as its trading platform, with a minimum deposit of $10 and a maximum leverage of 1:1000. However, its license is currently exceeded, and potential risks may exist.

Tradeland FXReview Summary
Founded	2007
Registered Country/Region	South Africa
Regulation	FSCA (Exceeded)
Market Instruments	Forex, CFD Shares, CFD Indices, Spot Energies, Spot Metals, and Cryptocurrencies
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 1.6 pips (Standard account)
Trading Platform	MT4
Copy Trading	✅
Min Deposit	$10
Customer Support	24/7 live chat
	Tel: +173283526
	Email: support@tradelandfx.com
	Social media: Facebook, Instagram, Twitter, TikTok, Linkedin
	Address: 107 NOMBHELA DR EXT 5 PONONG VOSLOORUS ZA 1475

　　Tradeland FX was registered in 2007 in South Africa, specializing in the forex, CFD, share, indice, energy, metal, and crypto markets. It uses MT4 as its trading platform, with a minimum deposit of $10 and a maximum leverage of 1:1000. However, its license is currently exceeded, and potential risks may exist.

Pros and Cons

Pros	Cons
Long operation time	Exceeded FSCA license
Diverse tradable assets	No physical office
Islamic accounts and demo accounts
Cent accounts offered
Multiple account types
Flexible leverage ratios
Commission-free accounts offered
MT4 provided
Copy trading provided
Low minimum deposit
Popular payment options
No deposit and withdrawal commission
24/7 live chat support

Is Tradeland FX Legit?

　　Tradeland FX was regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, but the license was exceeded. Moreover, its current status shows that activities such as client transferring and updating are prohibited. Therefore, please note the potential risks and consider carefully before investing.

Regulated Authority	Current Status	Regulated Country	License Type	License No.
Financial Sector Conduct Authority (FSCA)	Exceeded	South Africa	Financial Service Corporate	51303

WikiFX Field Survey

　　WikiFX field survey team visited Tradeland FX's regulatory address in South Africa, but we didn't find its physical office.

What Can I Trade on Tradeland FX?

　　Tradeland FX offers a variety of products, including forex, CFD shares, CFD indices, spot energies, spot metals, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
CFD Shares	✔
Cryptocurrencies	✔
CFD Indices	✔
Spot Energies	✔
Spot Metals	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type/Fees

　　Tradeland FX provides 6 types of accounts, including Cent (Nano), Standard, ECN, ECN Pro, ECN VIP, and Pro VIP. Besides, Islamic accounts and demo accounts are also available.

Account Type	Min Deposit	Max Leverage	Spread	Commission
Cent (Nano)	$10	1:1000	From 1.6 pips	/
Standard	$100	1:500	From 1.6 pips
ECN	$500	1:500	From 1.2 pips
ECN Pro	$1,000	1:200	/	From $4 to $6
ECN VIP	$5,000		From 0.2 pips	$4
Pro VIP	$20,000			❌
Islamic	$20,000			❌

Leverage

　　For the 6 types of accounts mentioned above, the maximum leverage can be 1:1000. For different types of products, the leverage is flexible, ranging from 1:1 to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

　　Tradeland FX uses MT4 as its trading platform, a versatile and widely recognized trading solution introduced by MetaQuotes in 2005. While primarily associated with forex trading, MT4 also extends its capabilities to various markets, including cryptocurrencies, indices, and commodities, through Contracts for Difference (CFDs). This platform's popularity stems from its exceptional customization options, allowing traders to tailor it to their unique trading preferences.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	❌	/	Experienced traders

Copy Trading

　　Tradeland FX provides copy trading services. On its platform, customers can find some insights from top traders' experiences and their trading activities.

Deposit and Withdrawal

　　Tradeland FX supports different types of payment options, and it does not charge any deposit/withdrawal fees.

Payment Options	Accepted Currencies	Fees	Processing Time
Mastercard	USD, IDR	❌	Instant
VISA
Paytrust88
Perfect Money
Skrill
Neteller