LH Crypto Review 2022
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LH Crypto is an innovative division of the Larson & Holz group, offering a bespoke cryptocurrency trading platform. The online exchange and trading terminal offers traditional financial instruments alongside digital coins. Our review covers live accounts, minimum deposit requirements, regulation, prices and more. Find out whether to login and start trading.
LH Crypto Details
The LH Crypto project was established in 2018 after an ICO with more than 12,000 crypto investors from 50+ countries. The LH coin is a utility token for leveraged trading in established markets, from forex to commodities. The digital investing solution now has 10 million clients from around the world and offers a dynamic online trading portal. For traders looking to deposit and withdraw using alt coins, the brokerage has a lot to offer.
The company is registered in Vanuata and licensed under the VFSC.
MetaTrader 5 Platform
The broker offers the industry established MetaTrader 5 platform. You can download MT5 to desktop devices, trade through major web browsers, or download it to your mobile. Offering advanced analytics, interactive charting, market signals and automated trading, the platform will meet the needs of both beginners and experienced traders.
Key features of MT5 include:
- 20+ timeframes
- 44 graphical objects
- Over 100 price charts
- Customisable interface
- Integrated price signals
- 38 built-in technical indicators
- Access to expert advisors (EAs)
- Variety of order types including pending and stops
LH Crypto offers clients investment opportunities in the following markets:
- 50 forex pairs – majors, minors, and exotics
- 59 cryptocurrencies – including BTC/USD, ETC/EUR
- 126 CFDs – including Google Inc, Apple Inc, and MasterCard
- Commodities – metals and energies from gold and silver to gas and oil
Where the broker really stands out is its crypto offering. Crypto-only pairs are available as well as digital coins on traditional currencies, from the US Dollar to the Euro and Japanese Yen. The range of alt coins far exceeds the portfolio of cryptocurrencies offered at most brokers.
Spreads & Commission
The broker offers floating spreads with real-time quotes in the trading platform. The lowest spreads can be found on high liquidity instruments such as major currency pairs like the EUR/USD. In fact, almost zero-pip spreads are available on major pairs.
Commission rates vary by account. Commissions on cryptos start at 0.15% with the basic account, 0.105% with the Standard, and 0.135% with the Pro. A detailed breakdown by instrument can be found on the broker’s website.
The brokerage charges swap rates for every position held overnight. The swap rate for Wednesday to Thursday is tripled and no charges are incurred over the weekend (excluding crypto instruments). Crypto swap fees are charged at 0.50% of the contract size up to 168 hours then every additional 24 hours at 0.50%.
The maximum leverage offered by LH Crypto is high at 1:500 for forex and 1:100 on cryptocurrencies, though this does vary by account and balance. As the broker is not regulated by a European Union authority, it does not comply with the 1:30 ESMA leverage cap. Always take time to understand the risks of trading with high leverage as it increases the size of losses as well as profits.
MetaTrader 5 is available as a mobile trading platform for phone and tablet devices, compatible with Android and iOS. The app allows you to manage your account, view trade history, conduct trade operations, and stay up to date with financial news while on the go. User reviews of the MT5 app are excellent.
All deposits and withdrawals are completed in cryptocurrencies including Bitcoin, Ethereum, and Litecoin. Some fiat currencies, including the Euro, are also accepted.
Minimum deposit requirements vary by account. The lowest deposit requirement is $10 with the Start account. Traders must purchase cryptocurrencies from relevant exchanges to deposit into LH Crypto accounts. Payment portals accept various methods including bank wire transfers and debit/credit cards. Deposit times vary by cryptocurrency, however, the average takes 2-3 minutes.
LH Crypto offers two withdrawal method options; automated and manual. Automated withdrawal is much quicker and typically takes a few minutes, however daily limits may apply. Manual withdrawals can be used for larger amounts and take up to three working days.
The broker offers a free demo account to trade risk-free with up to €50,000 in virtual funds, available in your chosen currency. The demo solution is an excellent way to test trading on emerging crypto pairs. A simple registration form needs to be filled out before you can get started.
LH Crypto Bonuses
At the time of writing, LH Crypto does not offer any promotions for new or existing clients. However, the broker offers a monthly trading contest based on maximum monthly earnings. All real accounts with more than €100 are automatically registered into the contest and a prize fund of up to €10,000 is available.
LH Crypto is regulated by the Vanuatu Financial Services Commission (VFSC). Traders should be aware licensing from the VFSC is not as robust as the protection offered by reputable bodies such as the FCA. With that said, the company does have an extensive portfolio of clients which suggests the broker is legitimate and trustworthy.
The broker’s website offers an in-depth FAQ page, the latest LH Crypto project news and an economic calendar. There is also a vast online article library covering various topics including forecasts and predictions for the cryptocurrency market. In addition, there is a bespoke Cryptopedia with useful links and information on all requirements for trading with the currency. Cashback details and the coin’s marketcap data is also published.
LH Crypto Accounts
The broker offers three live trading accounts with varying features such as minimum deposit requirements, withdrawal limits, leverage, and KYC policies. Commissions are more favourable under the Pro account with a 30% discount applied.
- Start – €10 minimum deposit
- Standard – €250 minimum deposit
- Pro – €10,000 minimum deposit
To open an account, traders must complete an online registration form. With the Standard and Pro accounts, identity documents and proof of residency also need to be submitted.
- 1:500 leverage
- Free demo account
- Low minimum deposit requirements
- Industry leading MetaTrader 5 and mobile offering
- Extensive range of leveraged cryptocurrency assets
- Single trading platform
- Limited regulatory oversight
- Clients from the US not accepted
The cryptocurrency trading market is open 24 hours a day, seven days a week, operating on a decentralised network. With that said, opening times vary with traditional markets. Open the MT5 terminal for specific opening hours. The platform also adapts to your local jurisdiction and timezone. Traders from South Africa, for example, will see trading times in DST.
There are various customer support options:
- Online contact form
- Email email@example.com
- Instant Telegram messenger
- Telephone at +852-3015-68-32
- Bitcointalk internet community forum
- Social media platforms including LinkedIn and Twitter
Security measures are relatively vigorous on the broker’s website. The client area is password protected and detailed termination, AML and KYC policies are enforced. The MT5 platform also assures high-tech encryptions, secure logins, and data privacy.
LH Crypto Verdict
LH Crypto provides a unique opportunity for traders of all abilities to start cryptocurrency trading through the MT5 platform. Minimum deposit requirements are low, with high leverage opportunities and a free demo account. Our only major reservation is the limited regulatory scrutiny offered by the VFSC. Still, for users wanting to deposit, trade and withdraw in cryptos, the broker is a good option.
LH Crypto accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use LH Crypto from United States, France, Korea, Spain, Sudan, Syria.
Compare LH Crypto
Compare LH Crypto with similar brokers that accept traders from your location. Among available brokers these are the most similar to LH Crypto:
- AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
- eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
- IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
- LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
LH Crypto Comparison Table
|LH Crypto||AAAFx||eToro||IG Group||LQDFX|
|Markets||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto||Forex, Stocks, Commodities, Crypto|
|Minimum Trade||0.01 lots||0.01 lots||$10||0.1 lots||0.01 lots|
|Regulators||VFSC||HCMC (Greece), FSCA (South Africa)||FCA, CySEC, ASIC, FSA||FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin||–|
|Bonus||–||100% Deposit Bonus available for Global clients||–||–||100% deposit bonus up to $20,000|
|Leverage||1:500||1:30 EU, 1:500 Global||1:30 EU||1:30||1:100 – 1:500|
|Detailed Comparison||–||LH Crypto vs AAAFx||LH Crypto vs eToro||LH Crypto vs IG Group||LH Crypto vs LQDFX|
Compare Trading Instruments
|LH Crypto||AAAFx||eToro||IG Group||LQDFX|
LH Crypto vs Other Brokers
Compare LH Crypto with any other broker by selecting the other broker below.
What is the LH Crypto cashback scheme?
Currently, 5% of funds accepted by LH Crypto from clients are distributed between token holders, similar to dividend payments.
What trading platform is offered at LH Crypto?
The broker uses the industry-leading MT5 solution. With a suite of advanced trading tools, the terminal is a reliable platform suitable for newbies and professionals.
What is the LH Crypto Coin?
The LH Crypto Coin is a utility token used for leveraged trading in a range of traditional markets, as well as digital currencies. The LH Crypto coin price is expected to grow as the tokens in circulation decrease.
Does LH Crypto offer brokerage services in South Africa?
Yes, due to the popularity of cryptocurrencies in South Africa, the brokerage is available to residents. Clients can trade various instruments including forex and commodities such as gold. The broker has even opened several offices in the Republic of South Africa.
What spreads are offered by LH Crypto?
Spreads are floating and therefore will change according to market conditions. The lowest spreads can be found on high-liquidity instruments such as major forex pairs like the EUR/USD.
|LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.|