The LH Crypto project was launched in 2018 following an ICO that attracted over 12,000 crypto investors from over 50 countries. The LH currency is a utility token that may be used to trade leveraged markets such as forex and commodities. The digital investing platform has now ten million customers worldwide and provides a competitive online trading platform. The VFSC has granted the company a license and it is registered in Vanuatu.
The MetaTrader 5 is offered by the company, which is well-known in the business. MT5 can be downloaded to a desktop pc, used to exchange via major web browsers, or downloaded to a smartphone. The platform serves the demands of both new and expert traders, with comprehensive analytics, interactive charts, market signals, and automatic trade.
The range of alternative coins far exceeds the portfolio of cryptocurrencies offered by most brokers.
Floating spreads are available from the broker. Highly liquid assets, such as large currency pairings, have the lowest rates.
The commission rate is determined by the type of account. The Basic account has a cost of 0.15 percent, the Standard account has a price of 0.105 percent, and the Pro account has a fee of 0.135 percent. The firm’s webpage provides a full analysis of each asset.
Swap rates are charged by brokerage houses for each transaction held the next day. On Wednesdays and Thursdays, the swap rate is tripled, and no commission is charged on weekends (excluding crypto instruments). Up to 168 hours, cryptocurrency exchange fees are 0.50 percent of the contract size.
LH Crypto’s maximum leverage is 1:500 for forex and 1:100 for cryptocurrencies, albeit this fluctuates depending on the profile and deposit. The firm does not exceed the ESMA maximum leverage of 1:30 since it is not licensed by the European Union. Always be aware of the dangers of investing with high leverage, as it raises both your loss and potential earnings.
MetaTrader 5 is available as a mobile trading platform for Android and iOS-enabled phones and tablets. While on the road, you may manage your account, examine trade records, trade, and keep up with business news with the application. The MT5 app has received rave feedback from users.
All deposits and withdrawals are made in cryptocurrencies, some fiat currencies are also accepted, including the euro. Minimum deposit requirements vary by account. The minimum deposit requirement is $10 for a Start account. Traders must purchase cryptocurrencies from the respective exchanges to deposit funds into LH Crypto accounts. The company offers two withdrawal options; automated and manual. Automatic withdrawals are much faster and usually take a few minutes, however, daily limits may apply. Manual withdrawals can be used for large amounts and take up to three business days.
The broker’s website has a comprehensive FAQ section, as well as the most recent news from the LH Crypto project and an economic calendar. There is also a vast online library of papers covering a wide range of topics, including cryptocurrency market forecasts and forecasts. There is also a separate crypto media section with relevant links and information on all the requirements for currency trading. The payment information, as well as data on the coin’s market capitalization, as well as data on the coin’s market capitalization are also made public.
The broker offers three live trading accounts with different features such as minimum deposit requirements, withdrawal limits, leverage, and KYC policies. Commissions are more beneficial on a Pro account with a 30% discount.
To open an account, traders must complete an online registration form. Standard and Pro account also require proof of identity and proof of residence.
The broker offers a free demo account for risk-free trading with up to €50,000 virtual funds available in your chosen currency. The demo solution is a great way to test trading on new cryptocurrency pairs. Before you start, you need to fill out a simple registration form.
The bitcoin trading system works on a decentralized system and is open 24 hours a day, 7 days per week. Marketplaces, on the other hand, have different opening schedules. During some periods, you can use the MT5 terminal. Your local jurisdiction and time zone are also taken into account by the platform. South African traders, for example, will experience daylight time.