Worked example

Practising on Land Prime's numbers

This is an exercise sheet, not a review. We are going to take three things that Land Prime publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.

The figures we are working from

Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.

0.9Published EUR/USD spread, pips

$10Minimum to open, USD

2013Trading since

Kingstown, St Vincent and the GrenadinesHead office

up to 2000:1Retail leverage cap

2Licence lines on file

Exercise one — turn the spread into money

The spread is the gap between the price you can buy at and the price you can sell at, and you pay it the instant you enter. Land Prime publishes 0.9 pips on EUR/USD. On its own that number means nothing. Here is how it becomes money.

1Fix what one pip is worthOn a one standard lot EUR/USD position — 100,000 units — a one-pip move is worth $10. That is a property of the contract size, not of Land Prime, and it holds wherever you trade.

2Multiply the spread by the pip value0.9 pips × $10 a pip = $9.00. That is what it costs to open and close one standard lot here, before any commission the account may also charge.

3Scale it down to a size you should actually tradeA beginner has no business trading a standard lot. At 0.01 lots — a micro — every figure divides by a hundred: the same round turn costs $0.09. Small enough to practise with, large enough to be real.

4Ask what the cost buys youA $500 float would be entirely consumed by 55 standard-lot round turns at this spread and nothing else. That is the number that should change how often you click.

Compare this broker's 0.9 pip EUR/USD figure against the "from" number in its own advertising.

Now do it without us

Take the spread of any other firm on the practice index, run the same four steps, and write both figures down — per lot and per micro. When you can do that in your head you have stopped shopping on marketing copy and started shopping on cost. The pip value calculator will check your working on pairs where the pip is not a flat ten dollars.

Exercise two — read the account ladder

Account tiers are a pricing structure dressed as a status ladder. Land Prime offers 4 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.

StandardThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
ECNA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
CentA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
DemoA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.

Account names as published: Standard, ECN, Cent, Demo. Platforms listed: MT4, MT5.

Exercise three — what this licence list means for you

A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Land Prime's lines, each with a plain reading.

Regulator	Entity on the register	Number	What that means for a beginner
FSC Mauritius · Mauritius	Land Prime Ltd	GB24203734	an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity
None — St Vincent and the Grenadines IBC registration only (23627 IBC 2016) · St Vincent and the Grenadines	Land Prime (SVG)	not verified	an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity

How to use that table

No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 2 lines are offshore registrations; treat those as a company address rather than as supervision. We could not confirm a licence number on 1 line, which is exactly the kind of gap you should close yourself on the regulator's own register before depositing.

The record behind these numbers

Land Prime's own site states Land Prime Ltd is authorised and regulated by the Financial Services Commission of Mauritius as a licensed Global Business and Investment Dealer under licence number GB24203734.
The same footer states Land Prime (SVG) is incorporated in St Vincent and the Grenadines as an International Business Company under registration number 23627 IBC 2016; the SVG FSA does not license forex trading.
The brand was previously known as Land-FX.
No tier-1 or EU licence was found for the brand (checked 9 August 2026).
Land Prime's about page states the firm has "operated with stability and consistent growth as a CFD broker" for 13 years and the site footer reads "© 2013 Land Prime Ltd." (https://www.landprime.com/en-GB/about-us).
Land Prime's account-type page lists Standard (min US $10, leverage 2000:1, spread Forex 0.9), ECN (min US $100, leverage 1000:1, spread Forex 0 + 0.3 pips/side commission) and Cent accounts, each with a "Negative Balance Recovery System: Yes" spec row (https://www.landprime.com/en-GB/account-type).
Land Prime's client agreement states customers agree to replenish negative balances "caused by volatile environments triggered during the market open when the financial news breaks out" and defines the firm's home office at 40 Exchange, Glenville Drive, Kingstown, St Vincent and the Grenadines (https://www.landprime.com/en-GB/client-agreement).

What we could not verify

The following are unconfirmed and are deliberately left blank rather than estimated: founded — secondary sources give 2010 and 2013; hq; minDeposit, maxLeverage, spreadEurusd — advertised figures only; accountTypes; segregatedFunds and negativeBalanceProtection; headquarters; negative balance protection; segregatedFunds — the client agreement's segregation clause references the US Commodity Exchange Act (template language); no clean statement about client-fund segregation under Mauritius law found on the legal pages (checked 20 Aug 2026); minDeposit per-account variance — the Cent account page advertises a $5 minimum while the account-type comparison table lists US $10 for Cent; Standard $10 is consistent across pages; maxLeverage per-account variance — the Cent account page states 500:1 while the account-type comparison table lists Cent at 2000:1; Standard 2000:1 and ECN 1000:1 are consistent across pages; spreadEurusd 0.9 is the Standard-account typical spread as published by Land Prime, not a measured average. Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.

All worked examples Size a trade with these figures

Run the same exercise on another firm

AAAFxSpread not verified — used here for its account ladder.Practise →ACY SecuritiesSpread not verified — used here for its account ladder.Practise →Admirals (Admiral Markets)0.5 pips published, $5.00 per standard lot.Practise →ADSSSpread not verified — used here for its account ladder.Practise →AETOS Capital GroupSpread not verified — used here for its account ladder.Practise →Alchemy Markets (Malta)Spread not verified — used here for its account ladder.Practise →

pipdojo.com does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.