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SmartFX vs LH Crypto

SmartFX vs LH Crypto Comparison Table 2024
SmartFX LH Crypto
Review
1.3
LH Crypto has closed.

SmartFX is an offshore regulated CFD and forex broker with MT5 integration and 5000+ instruments. The brand offers 24/5 customer support and one account type for simplicity. SmartFX is regulated by the Vanuatu Financial Services Commission (VFSC).

LH Crypto combines crypto and forex trading with leveraged CFDs on the MetaTrader 5 software. Traders are offered floating spreads that start near zero on major pairs, low commissions and leverage up to 1:500 on forex and 1:100 on crypto.

Comment by Reviewer
"Based on my time using the platform, I think SmartFX is a good choice for new traders looking for multi-asset trading opportunities on the MT5 terminal. However, the offshore VFSC regulation doesn't fill me with confidence and I don't appreciate the lack of transparency on the website." "LH Crypto is suitable for traders looking to speculate on popular cryptocurrencies with high leverage on the familiar MT5 platform."
Pros
  • I'm pleased to see the world-renowned MetaTrader 5 terminal available, with all integrated tools including the MQL5 development environment, signals and a forex VPS
  • There's 24/5 multilingual customer support available via live chat, telephone and email, making it easy for clients to reach the broker during peak times
  • I found commission-free deposits and withdrawals on offer with instant processing times for some account funding methods
  • I like that beginners can access copy trading opportunities via the Social Trading network
  • High leverage, with the 1:100 on crypto more generous than many rivals
  • Good range of crypto on offer including altcoins
  • Low minimum deposit and demo account available
  • Tight spreads and low commissions
  • Supports the popular MT5 platform
Cons
  • I'm concerned about the general lack of transparency on the website which makes me question how much trust I can put in this broker
  • The offshore regulatory oversight by the Vanuatu Financial Services Commission (VFSC) raises serious security concerns for me
  • There's barely any additional tools and resources available, and the educational content is weak compared to top brands
  • I wasn't able to access any cryptocurrency trading opportunities, which is a drawback compared to similar brands
  • Weak regulatory oversight
  • Limited fiat payment options
  • Safety & security concerns
  • Few stock CFDs
Awards
  • The Best Broker for Working with Cryptocurrencies - IAFT Awards 2019
  • Best Crypto Trading Company - Crypto Awards 2018
Instruments
Forex, CFD-indices, CFD-equities, futures Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$500 €10
Trading Platforms
  • MT5
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
VFSC VFSC
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes MT5
Auto Trading
Yes Yes
Copy Trading
No Yes
Copy Trading Platform
MT5 offers market signals from established investors so clients can manually or automatically copy trading positions.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Commodities
CFD Trading
I think the 5000+ CFD instruments including forex, commodities, indices and stocks should serve active traders well. The MT5 platform also offers plenty of advanced tools and features to facilitate complex CFD trading strategies. CFDs are available on a modest selection of 100+ assets with leverage ranging from 1:20 to 1:500. Speculate on rising and falling prices without owning the underlying asset.
Leverage
1:400 1:500
FTSE Spread
Floating Floating
GBPUSD Spread
Floating Floating
Oil Spread
Floating Floating
Stocks Spread
Variable Floating
Forex Trading
I found an average range of 45+ major, minor and exotic currency pairs at SmartFX, tradable on the MT5 platform. I did appreciate the flexible leverage up to 1:400 and minimum order sizes from 0.01 lots. Forex trading on 50 pairs including majors, minors and exotics. The maximum 1:500 leverage on offer is more than enough for most traders, and the spreads are very tight, with a maximum 0.15% commission per trade on the most basic account.
GBPUSD Spread
Floating 0-1.2
EURUSD Spread
Floating 0-1.2
EURGBP Spread
Floating 0-1.2
Assets
43 50+
Cryptocurrency
Crypto trading not offered Trade dozens of crypto pairs with traditional fiat currencies and alt coin-only pairs. Bitcoin, Ethereum and Litecoin are all available.
Spread
Floating
Coins
  • ADA
  • BAB
  • BTC
  • BTT
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LTC
  • NEO
  • TRX
  • XLM
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
LH Crypto has closed.
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