LHFX Spreads, leverage, minimum deposit Revealed

LHFX Information

　　LHFX is an ECN STP broker that offers over 150 tradable assets, including CFD pairs, stocks, currency pairs, indices, and commodities, with a maximum leverage of 1:500. Trading is facilitated through the MetaTrader 4 platform on both PC and mobile, with a minimum deposit of $10 advised. The platform features tight spreads starting at 0.08 pips for EUR/USD and charges a commission of $6 per lot across all instruments, with no fees for deposits or withdrawals. Demo and Islamic accounts are also available.

Pros and Cons

Is LHFX Legit?

　　LHFX's regulatory status is marked as a “Suspected Clone,” with a Financial Service Corporate licence regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 52816.

What Can I Trade on LHFX?

　　LHFX provides access to over 150 tradable assets, including 35 Cryptocurrency CFD pairs, 55 Currency pairs, 64 Stocks, 11 Indices, and Commodities such as Oil and Metals.

Account Type

　　LHFX offers both Demo and Live accounts with identical pricing and trading conditions. The platform also offers Islamic Accounts with no swap fees, enabling clients of Islamic faith to trade following their religious principles.

Leverage

　　LHFX provides a high maximum leverage of 1:500, allowing traders to control positions up to 500 times their initial capital.

LHFX Fees

　　Spreads: LHFX offers variable spreads, with EUR/USD showing a tight spread of 0.08 pips. Other spreads vary, for example, AUD/USD has a spread of 0.09 pips, while DASH/USD has a significantly wider spread of 260 pips.

　　Commissions: LHFX charges a straightforward commission of $6 per lot across all instruments.

Trading Platform

Deposit and Withdrawal

　　There are no fees for deposits or withdrawals with LHFX. And the platform advises a minimum deposit of $10 due to potential blockchain transaction fees affecting smaller amounts.