LHFX Forex Broker

LHFX Review SummaryFounded2020Registered Country/RegionMauritiusRegulationFSCAMarket InstrumentsCFD pairs, stocks, currency pairs, indices, and commoditiesDemo AccountYesLeverageUp to 1:500Trading PlatformMetaTrader 5Min Deposit$10Customer Support24/7 Live chatLHFX 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 5 platform on both PC and mobile, with a minimum deposit of $10 advised. The platform features tight spreads starting at 0.00014 pips for EUR/USD and charges no fees for deposits or withdrawals. Demo and Islamic accounts are also available.Pros and ConsPros Cons Supports MetaTrader 5Limited customer support methodsNo fees for deposits or withdrawalsMaximum leverage of 1:500Is LHFX Legit? LHFX is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa under license number 52816, authorized for derivatives trading services.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.Tradable Instruments Supported CFD✔Currency Pairs✔Stock✔Indices✔Commodities✔Shares❌Bonds❌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 0.00014 pips. Other spreads vary, for example, BTC/USD has a spread of 161.3 pips. Commissions: LHFX charges a straightforward commission of $6 per lot across all instruments.Trading PlatformTrading PlatformSupported Available Devices Suitable for MetaTrader 5✔PC and MobileInvestors of all experience levelsDeposit 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.