LH Crypto Video Review
“Newly established cryptocurrency based broker.”
LH-Crypto is a cryptocurrency-centric Contract for Difference (CFDs) trading platform that was established in 2018. The platform is managed by LARSON and HOLZ IT Ltd, a forex broker that has been operational since 2004. The crypto platform has been operational since 2018, after an ICO that took place towards the end of 2017. The broker states its real benefits as being able to trade cryptos without going through rigorous KYC (Know Your Customer) identification processes. Also they offer you the chance to trade synthetic cryptocurrencies pitted against commodities or metals. They claim to be the only broker to give traders this benefit.
The head office of the company is located at 6/F Yen Sheng Centre, 64 Hoi Yuen Road, Kwun Tong, Hong Kong. LH-Crypto was established with the aim of allowing crypto traders to profit from the cryptocurrency market and from the financial markets as a whole. All trading activities are conducted in cryptocurrencies and settled in cryptocurrency as well.
Investor Protection & Regulations
“No regulatory or Investor protection available.”
The parent company of LH-Crypto, Larson & Holz IT Ltd, is based and registered on the island of St. Vincent and the Grenadines. It is also regulated by the Vanuatu Financial Services Commission (VFSC). However, LH-Crypto is not regulated.
LH-Crypto was established as a platform to cater specifically for cryptocurrency traders who wish to profit from trading cryptocurrencies as well from trading in the traditional markets. LH-Crypto itself is not regulated by any regulatory authorities. Nevertheless, it is managed by an experienced group under the Larson & Holz IT Ltd brand which was founded in 2004. Today, the parent company has representatives in more than a dozen different countries around the world.
There is no specific regulatory oversight and investor protection assurance provided by the L&H Group. The company launched the LH-Crypto project ICO in 2017 and claimed that over 12000 investors backed the ICO so that the platform was able to launch in 2018.
“Offers over 200 types of assets for trading: Cryptocurrencies, Forex, Commodities, Energy, Indices and Shares.“
For tradable assets, LH-Crypto offers a decent selection of financial instruments to trade with. The offerings consist of three main types of financial instruments, Forex, Contract for Differences (CFDs) and cryptocurrencies. Altogether, the LH-Crypto trading platform supports more than 200 different types of instruments.
“Choice of 4 different types of trading accounts. No details on varying spreads available on site, although you can find spreads information on the MetaTrader platform.”
For trading accounts, LH-Crypto offers 4 different types of trading accounts, Demo, Start, Standard and Pro.
Used for practice and testing trading strategies without any risks. The account comes preloaded with virtual currencies used for making demo trades.
This trading account is geared to beginner traders with 10 euro minimum deposit requirements. However, traders are recommended to deposit a minimum of 300 euros to enable them to trade more efficiently. The maximum available leverage offered by LH-Crypto on this account is 1:200 (Forex).
The standard account is more suited towards the more experienced trader. The minimum deposit requirement for this account is 500 euros. Maximum leverage is 1:500 for forex with the standard account.
The Pro account as the name implies is targeted towards professional traders. The minimum deposit required for this account is 10,000 euros. Maximum leverage for this account is 1:200 (forex).
To open an account, you are required to fill out a registration form. Once you have filled in all the required information, you will be sent a confirmation email with the login details and password. It should be noted that LH-Crytpo does not service customers in the USA, North Korea and those countries listed in the client’s agreement.
Deposit & Withdrawals Options
“Support for 5 main types of payment methods”
For deposits, LH-Crypto supports the following deposit methods:
Bank Wire Transfer
Cryptocurrencies such as BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple), etc.
For withdrawals, the methods used must be the same method used for making the initial deposit. For example, if the initial method used for making a deposit was by credit cards, then the withdrawal method must be by credit cards as well. The time taken for making a withdrawal depends on the method used. The fastest method is by way of cryptocurrency transfer. Depending on the cryptocurrency server load, the typical time for a cryptocurrency withdrawal is around 2 to 3 minutes. You can deposit and withdraw in the following ways: bank wire transfer, credit cards, Perfect Money, QIWI and by cryptocurrency wallets.
Web & Desktop Trading Platforms
“Support for MetaTrader 5 Desktop and WebTrader”
On LH-Crypto, the trading platform offered by the broker is the MetaTrader 5 trading platform. The MetaTrader 5 platform is available as a desktop client or as a WebTrader. The MT5 platform is an updated version of the popular MT4 trading platform. Like its predecessor the MT4, the MT5 comes with a wide array of integrated trading tools. It has an advanced charting package which supports several time frames. There is also a large selection of technical indicators which traders can use to overlay onto their trading charts. In addition, the MT5 also comes with support for automated trading.
The key difference between the MT4 and the MT5 is the fact that the MT4 was developed primarily to support forex trading. The MT5 trading platform on the other hand was developed to cater for a more diverse market including the likes of cryptocurrencies and CFDs. The MT5 platform also has one feature which the MT4 lacks, that is the ability to view market depth.
For traders who wish to trade directly on the internet, there is the MT5 WebTrader. The WebTrader does not require any software download or installation. To access the MT5 WebTrader, you simply need an updated web browser. Overall, the WebTrader feels and function like its desktop counterpart.
Mobile Trading Platforms
“Mobile trading apps available for both Android and iOS devices”
Apart from the desktop client and WebTrader,
LH-Crypto has also provided its traders with the mobile version of the MT5 trading platform. The MT5 mobile trader is available for both Android and iOS powered devices. The mobile trader apps for Android and iOS can be downloaded for free from either Google PlayStore or Apple App Store respectively. The mobile trader offers trading convenience in the form of mobility as it allows a trader to access the financial markets from anywhere there is internet access through his smartphone or tablet. Powerful features which can be found on the MT5 mobile trader include trading support for forex, CFDs and cryptocurrencies. In addition, the mobile trader also has support for market depth view. It has 3 chart types that can be displayed in 9 different timeframes. It supports live news feed and can be used to trade, manage your account or follow the markets while on the go. Trading Features
“Powerful trading platform with advanced trading tools”
The MT5 offers a robust trading experience with all its advanced trading tools. The comprehensive trading chart system with its support for up to 9 different timeframes will enable traders to get a better grasp of the conditions in the market. With the Standard trading account, you can trade the forex market with a leverage as high as 1:500. The MT5 trading platform also comes with risk management tools such as “Stop Loss” and “Take Profit”.
Commissions & Spreads
“Competitive spreads with discounts on commission for the Standard and Pro account”
LH-Crypto charges a mix of commissions and spreads for trades executed on its trading platform. The Standard accounts are entitled to a 10% discount of the commissions payable. Pro accounts on the other hand are entitled to a 30% discount of the commission charged.
As for spreads, they are quoted up to 5 decimal places. You will have to look directly at the platform in order to calculate the spreads or on the broker’s website
here. Having looked at the benchmark EUR/USD on the platform, we see this is 4 pips at time of writing. Bonus & Promotions
“No bonuses but attractive prizes for monthly trading contest”
LH-Crypto does not offer any kind of welcome bonuses. Instead, it offers clients an opportunity to take part in a monthly contest where the total prize money exceeds $150,000. The main prize of the trading contest is a Lamborghini sports car. Customer Support
“Support only available through email, web contact form and telephone.”
The customer support service at
LH-Crypto is by email, telephone or web contact form. The website is also available in 4 different languages namely English, Russian, French and Spanish. According to the broker, the typical response time for an email query is 24 hours. In addition, there is also a forum which traders can join and post their questions to the forum members for answers. The forum consists of all the LH-Crypto traders ranked according to their ranking in the trader’s network. Research
“The broker offers crypto news on their site and a weekly video with a summary of the week events.”
LH-Crypto has a news section that offers news on major crypto-trading events, in the
following link. Also, the LH-Crypto analysts make weekly video reports that sum up the main events of the week and give a breakdown on the main trends. The videos are available on the broker’s YouTube channel.
“The broker lacks an educational center.”
LH-Crypto does not have an educational center.
Is LH-Crypto regulated?
LH-Crypto is not a regulated broker. The parent company Larson & Holz is regulated by the VFSC.
Where is LH-Crypto based?
LH-Crypto headquarters is located at 6/F Yen Sheng Centre, 64 Hoi Yuen Road, Kwun Tong, Hong Kong.
How does LH-Crypto make money?
LH-Crypto makes its money by charging its clients a small commission and spreads on the trades that they made on the LH-Crypto trading platform.
How do I deposit in LH-Crypto account?
You can deposit your funds into your
LH-Crypto account through bank wire transfer, credit cards, Perfect Money, QIWI and by cryptocurrencies wallets.
What is the min. deposit for LH-Crypto?
The minimum deposit required by
LH-Crypto is 10 euros for the Start trading account.
How do I withdraw money from LH-Crypto?
Withdrawal of funds at
LH-Crypto is through the same method used for making the initial deposit.
What is the max leverage in LH-Crypto?
The maximum leverage offered by
LH-Crypto is 1:500 for forex trading.
How do I open an account with LH-Crypto?
To open an account at
LH-Crypto, you need to first fill out the registration form and then verify your email account. You will then be directed to make a deposit and start trading.
Does LH-Crypto use MetaTrader?
LH-Crypto uses the MetaTrader 5 trading platform.