LHV broker Accounts

lhv Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: lhv Account Types Explained

LHV offers a variety of account types tailored to different user needs. Below is a comprehensive overview of the available account types, including their features, minimum deposit requirements, and target user profiles.

Available Account Types

1. Private Customer Account

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:30
• Key Features: Access to online banking, debit card, and savings options.
• Target User Profile: Beginners and everyday users.
• Trading Instruments Available: Forex, stocks, and ETFs.

1. Premium Account

• Minimum Deposit Requirement: €10,000
• Spread/Commission Structure: Lower spreads than standard accounts.
• Leverage Options: Up to 1:30
• Key Features: Personalized service, higher interest rates on deposits.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, and indices.

1. Youth Bank Account

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Standard spreads.
• Leverage Options: Up to 1:30
• Key Features: Designed for young individuals, educational resources.
• Target User Profile: Young adults aged 18-25.
• Trading Instruments Available: Forex and ETFs.

1. Child Account

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Standard spreads.
• Leverage Options: Not applicable.
• Key Features: Savings account for children, parental oversight.
• Target User Profile: Children under 18.
• Trading Instruments Available: Not applicable.

1. Private Banking Account

• Minimum Deposit Requirement: €100,000
• Spread/Commission Structure: Customized spreads.
• Leverage Options: Up to 1:30
• Key Features: Tailored financial solutions, investment advice.
• Target User Profile: High-net-worth individuals.
• Trading Instruments Available: Comprehensive range including forex, stocks, and bonds.

1. Non-Resident Account

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Variable spreads.
• Leverage Options: Up to 1:30
• Key Features: Designed for non-residents, online banking access.
• Target User Profile: Non-residents looking for banking solutions in Estonia.
• Trading Instruments Available: Forex and ETFs.

1. Business Account

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Variable spreads.
• Leverage Options: Not applicable.
• Key Features: Business banking solutions, payment processing.
• Target User Profile: Small to medium-sized enterprises.
• Trading Instruments Available: Not applicable.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Private Customer Account
• Intermediate: Premium Account
• Advanced: Private Banking Account

Part 2: lhv Account Features Comparison

Detailed lhv Account Features

• Minimum Deposit:

• Private Customer: €0

• Premium: €10,000

• Youth Bank: €0

• Child: €0

• Private Banking: €100,000

• Non-Resident: €0

• Business: €0

• Maximum Leverage:

• All accounts (except Child and Business): Up to 1:30

• Spreads:

• Private Customer: Variable

• Premium: Lower than standard

• Youth Bank: Standard

• Child: Not applicable

• Private Banking: Customized

• Non-Resident: Variable

• Business: Not applicable

• Commission Fees:

• Varies by account type; Premium and Private Banking accounts may have lower fees.

• Lot Size:

• Private Customer: Standard

• Premium: Standard

• Youth Bank: Standard

• Child: Not applicable

• Private Banking: Customized

• Non-Resident: Standard

• Business: Not applicable

• Available Trading Platforms:

• MT4, MT5, and proprietary platforms.

• Execution Type:

• Market and Instant execution available for most accounts.

• Islamic Account Availability:

• Not specified in the sources.

• Swap-Free Options:

• Not specified in the sources.

• Demo Account Features:

• Available for all account types to practice trading without risk.

Advantages of Each Account Type

• Private Customer:

• Low entry barrier, easy access to funds, and educational resources.

• Premium:

• Personalized service, lower fees, and higher interest rates.

• Youth Bank:

• Educational support, no fees, and easy management.

• Child:

• Safe savings option, parental control.

• Private Banking:

• Tailored financial advice, exclusive services.

• Non-Resident:

• Accessibility for non-residents, online banking.

• Business:

• Comprehensive banking solutions for enterprises.

Disadvantages of Each Account Type

• Private Customer:

• Limited features compared to premium accounts.

• Premium:

• Higher minimum deposit requirement.

• Youth Bank:

• Limited to young adults.

• Child:

• No trading options available.

• Private Banking:

• High minimum deposit requirement.

• Non-Resident:

• Limited services compared to resident accounts.

• Business:

• May lack advanced trading features.

Part 3: lhv Account Registration Requirements

lhv Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Minimum age of 18 for most accounts.

• Geographic Restrictions: Available to residents and non-residents; specific restrictions may apply.

• Prohibited Countries: Not specified in the sources.

• Identity Verification Documents Needed:

• Valid government-issued ID (passport or national ID card).

• Proof of Residence Requirements:

• Utility bill or bank statement showing the current address.

• Additional Documentation for Professional Accounts:

• Business registration documents for business accounts.

• KYC/AML Compliance Procedures:

• Standard procedures for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance.

• Verification Time Frames:

• Typically within a few business days, depending on the completeness of the application.

Part 4: lhv Account Opening Process

Step-by-Step lhv Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the LHV website and select the account type you wish to open.

1. Personal Information Entry:

• Fill out the required personal information, including name, address, and contact details.

1. Choose Account Type:

• Select the account type that best suits your needs.

1. Set Trading Preferences:

• Indicate your trading preferences and risk tolerance.

1. Document Upload:

• Upload necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the verification process to be completed.

1. Fund Your Account:

• Deposit funds into your new account to start trading.

1. Start Trading:

• Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format.

• Issue: Delayed verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically ranges from a few hours to a few business days.

How to Upgrade/Downgrade Account Types

• Users can request changes through customer support or via the online banking platform.

Part 5: lhv Demo Account Guide

lhv Demo Account Features and Benefits

• Features: Practice trading with virtual funds, access to all trading instruments.
• Benefits: Allows users to familiarize themselves with the trading platform without financial risk.

How to Open a Demo Account

• Users can open a demo account through the LHV website or mobile app by selecting the demo account option during the registration process.

Demo Account Limitations

• Limited duration; typically expires after a set period or after a certain number of trades.

Virtual Balance Amount

• Usually set at €10,000 or equivalent in virtual currency.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real financial risks, while live accounts involve actual trading with real money.

Duration/Expiry of Demo Accounts

• Demo accounts generally last for 30 days but can be extended based on user activity.

Part 6: lhv Islamic Account Details

lhv Islamic Account Details

• Swap-Free/Islamic Account Availability: Not specified in the sources.
• Eligibility Requirements: Not specified in the sources.
• Differences from Standard Accounts: Not specified in the sources.
• How to Apply for Islamic Account: Not specified in the sources.
• Restrictions or Special Conditions: Not specified in the sources.

FAQs – lhv Account Types & Opening

1. What account types does lhv offer？

• LHV offers Private Customer, Premium, Youth Bank, Child, Private Banking, Non-Resident, and Business accounts.

1. What is the minimum deposit for each account type？

• Private Customer: €0, Premium: €10,000, Youth Bank: €0, Child: €0, Private Banking: €100,000, Non-Resident: €0, Business: €0.

1. How long does lhv account verification take？

• Typically within a few business days.

1. Does lhv offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with lhv？

• Yes, users can open multiple account types.

1. Does lhv offer Islamic/swap-free accounts？

• Information on Islamic accounts is not specified in the sources.

1. What documents do I need to open a lhv account？

• A valid government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, changes can be requested through customer support or the online banking platform.