The crypto trading market is filled with a wide variety of choices for the modern trader. Choosing the right trading platform can be a mine field for both beginner and seasoned cryptocurrency users. In our review, we will outline everything that you need to know about LH-Crypto and how it’s offering an opportunity to trade cross markets (more on that later!) This review will dig deeper into what LH-Crypto is, including how it works and whether a good place to trade.
What is LH-Crypto?
Established in 2018, LH crypto is a trading platform managed by LARSON and HOLZ IT Ltd (a forex broker that has been operational since 2004).
During its ICO at the end of 2017, the project was joined by more than 12,000 crypto investors from 50+ countries. According to the broker, their target audience are crypto traders – individuals who earn on the price difference for crypto instruments and other financial assets.
LH-Crypto are looking to dominate the cross-market trading sector by opening up to traders: Forex on fiat currencies, precious metals, major companies’ shares and commodities.
Opening an account on LH-Crypto
This account is pre-loaded with virtual digital currencies and allows trading in a no-risk environment. A great place to test out the platform and learn from trial and error.
This trading account is a good place for a beginner trader to start. There is a 10 euro minimum deposit requirements.
However, traders are recommended to deposit a minimum of 300 euros to enable them to trade more efficiently. In the Start Account, the maximum available crypto margin trading leverage is 1:200 (Forex). Not sure what crypto margin trading is and how it works – visit this guide for more info on – cryptocoindude.com what is margin trading.
No documents are required for a Start account.
The standard account is more geared towards the more seasoned trader.
The minimum deposit requirement for this account is 250 euros. Maximum leverage is 1:500 for forex with the standard account.
If you want to upgrade your service to Standard level, you need to upload a scan of your ID and self-pic with your face and opened passport.
The Pro account is designed for professional traders.
The minimum deposit required for this account is 10,000 euros. Maximum leverage for this account is 1:200 (forex). PRO service requires proof of address, for example a utility bill with your name and address on it.
Deposits and withdrawals
LH-Crypto accept payments in major cryptocurrencies – BTC (Bitcoin), ETH (Ethereum), LTC (Litecoin), XRP (Ripple), and Euro.
The list of accepted cryptocurrencies is growing as the platform matures.
For withdrawals, there are two modes of funds withdrawal: automated withdrawal and manual withdrawal which is processed by a support operator.
Web & Desktop Trading Platforms
On LH-Crypto, the trading platform offered by the broker is the MetaTrader 5 (MT5) trading platform.
The MT5 platform is available as a desktop client or as a WebTrader.
MT5 offers a large selection of technical indicators to support trading. In addition, the MT5 also comes with support for automated trading.
The MT5 trading platform has been developed bespoke to cater for a cryptocurrencies and CFDs.
Perhaps one of the best features for traders is MT5 allows the viewing of market depth to help you trade effective.
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
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.
As a traders and people who lead busy lives, mobile trading is key to keeping on top of trades. Maximising profit and minimizing losses.
The MT5 offers a robust trading experience with advanced trading tools.
The comprehensive trading chart system supports upto 9 different timeframes. Traders therefore can 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”. Both of which are critical when trading volatile cryptocurrencies
LH-Crypto rewards top traders through contests.
On the platform there are monthly contests for those traders who are trading on the real accounts with balances of at least 100 EUR. No special registration is required.
🚀Prize fund more than $150 000
🚀Every month more than 20 prizes
🚀The main prize for the year — Lamborghini Huracan LP 610-4
LH Crypto review – wrapping up
LH crypto offers a solid platform for both beginners and experienced traders to trade cryptos and other sections on margin. One draw back to consider is that residents of USA, North Korea, Sudan and Syria are not eligible for the platform.
*** TOP TIP – crypto instruments are the most volatile. Forex instruments are the least volatile. Shares, precious metals and commodities are somewhere in between. For a beginner level, we would recommend instruments offer the lowest risks – Forex and precious metals.***
If you want to give LH crypto a try, then click here follow the link below.
LH Crypto – Official site – https://www.lh-crypto.com/