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LH Crypto Review 2024

Written By

Tobias Robinson

Written By

Tobias Robinson

Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.

» Tobias Robinson Profile Page

Fact Checked By

William Berg

Fact Checked By

William Berg

William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.

» William Berg Profile Page

Updated

Jun 21, 2023

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Overall Rating

1.5 / 5

LH Crypto is #107 in our CFD broker rankings.

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Customer Reviews

Minimum Deposit €10

Trading Platforms MT5

Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies

Regulators VFSC

Account Currencies

Payment Options Bitcoin Payments, Credit Card, Visa, Mastercard, Wire Transfer

Awards

• The Best Broker for Working with Cryptocurrencies - IAFT Awards 2019
• Best Crypto Trading Company - Crypto Awards 2018

Pros

• Good range of crypto on offer including altcoins
• Low minimum deposit and demo account available
• High leverage, with the 1:100 on crypto more generous than many rivals

Cons

• Weak regulatory oversight
• Safety & security concerns
• Limited fiat payment options

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

Assets

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%.

Leverage

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.

Mobile Trading

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.

Payments

All deposits and withdrawals are completed in cryptocurrencies including Bitcoin, Ethereum, and Litecoin. Some fiat currencies, including the Euro, are also accepted.

Deposits

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.

Withdrawals

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.

Demo Account

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.

Regulation Review

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.

Additional Features

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.

Benefits

• 1:500 leverage
• Free demo account
• Low minimum deposit requirements
• Industry leading MetaTrader 5 and mobile offering
• Extensive range of leveraged cryptocurrency assets

Drawbacks

• Single trading platform
• Limited regulatory oversight
• Clients from the US not accepted

Trading Hours

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.

Customer Support

There are various customer support options:

• Online contact form
• Email info@lh-crypto.com
• Instant Telegram messenger
• Telephone at +852-3015-68-32
• Bitcointalk internet community forum
• Social media platforms including LinkedIn and Twitter

Security

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.

Top 3 Alternatives to LH Crypto

Compare LH Crypto with the top 3 similar brokers that accept traders from your location.

1. IG – Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
   Go to IG
2. Interactive Brokers – Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
   Go to Interactive Brokers
3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
   Go to World Forex

LH Crypto Comparison Table

Compare Trading Instruments

Compare the markets and instruments offered by LH Crypto and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

LH Crypto vs Other Brokers

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FAQ

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.