TradelandFX is a forex broker established on July 8, 2020, in South Africa, primarily offering financial trading services in currency pairs, precious metals, spot energy, index CFDs, and cryptocurrencies to investors. This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Corporate Registration and Regulatory Status:
The registered entity of TradelandFX in South Africa is Tradeland SA (Pty) Ltd, with the company registration address at 107 NOMBHELA DR EXT 5 PONONG VOSLOORUS, and the registration number is 2020/533869/07. This broker was authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) on June 10, 2021, with an FSP number of 51303. According to information from a Whois search, the official website of this broker was registered on July 9, 2007.
Account Opening:
To open an account with TradelandFX: Visit the broker's official website, click on "Trade Now" on the homepage or "Open Account" at the top right of the page to enter the account registration page. Follow the instructions to fill out and submit the account registration form. After submission, the account will be successfully registered, and the broker will send an email to the provided email address to verify its authenticity. This email also includes a link for identity verification, and users are required to complete full identity verification and upload proof documents before they can deposit and trade.
Account Types:
TradelandFX offers a demo trading account and seven different types of real trading accounts: Cent (Nano) Account, Standard Account, ECN Account, ECN Pro Account, ECN VIP Account, Pro VIP Account, Islamic Account.
Cent (Nano) Account:
- Minimum deposit: $10,
- Maximum leverage: 1:1000,
- Trading platform: MT4,
- Products: Forex/Metals,
- Stop out level: 20%,
- Spreads: From 1.6,
- Hedge margin: 0.
Standard Account:
- Minimum deposit: $100,
- Maximum leverage: 1:500,
- Trading platform: MT4,
- Products: Forex/Metals,
- Stop out level: 20%,
- Spreads: From 1.6,
- Hedge margin: 0.
ECN Account:
- Minimum deposit: $500,
- Maximum leverage: 1:500,
- Trading platform: MT4,
- Products: Forex/Metals/Commodities,
- Stop out level: 20%,
- Spreads: From 1.2,
- Hedge margin: 0.
ECN Pro Account:
- Minimum deposit: $1000,
- Maximum leverage: 1:200,
- Trading platform: MT4,
- Products: Forex/Commodities/Metals/Indices/Cryptocurrencies,
- Stop out level: 20%,
- Trading commission: $4 to $6,
- Hedge margin: 0.
ECN VIP Account:
- Minimum deposit: $5000,
- Maximum leverage: 1:200,
- Trading platform: MT4,
- Products: Forex/Commodities/Metals/Indices/Cryptocurrencies,
- Stop out level: 50%,
- Spreads: From 0.2,
- Trading commission: From $4,
- Hedge margin: 0.
Pro VIP Account:
- Minimum deposit: $20,000,
- Maximum leverage: 1:200,
- Trading platform: MT4,
- Products: Forex/Commodities/Metals/Indices/Cryptocurrencies,
- Stop out level: 50%,
- Spreads: From 0.2,
- Trading commission: 0,
- Hedge margin: 0.
Islamic Account:
- Minimum deposit: $20,000,
- Maximum leverage: 1:200,
- Trading platform: MT4,
- Products: Forex/Commodities/Metals/Indices/Cryptocurrencies,
- Stop out level: 50%,
- Spreads: From 0.2,
- Trading commission: 0,
- Hedge margin: 0.
Trading Platform:
TradelandFX's official website claims to offer the MT4 trading platform, but the MT4 platform does not list this broker or its registered entity. Downloading MT4 via their link reveals that the service provider is Global Consulting Group Limited, suggesting possible false advertising.
Deposit and Withdrawal:
TradelandFX supports deposits and withdrawals through Mastercard, Visa, Paytrust88, Perfect Money, Skrill, Neteller, among others.
Summary:
Traderknows reminds investors that although TradelandFX is authorized and regulated by the FSCA of South Africa, the broker cannot be found on the MT4 trading platform, contradicting its website claims. Additionally, the service provider is another unregulated company. Traderknows advises investors to choose legally regulated and reputable brokers for investment trading activities to avoid unnecessary financial losses. Currently, this broker is marked as "suspected of fraud" on Traderknows.
