LHFX Forex Broker

LHFX Review Summary Founded2024 Registered Country/RegionMauritius RegulationSuspected Clone Market InstrumentsCFD pairs, stocks, currency pairs, indices, and commodities Demo AccountYes LeverageUp to 1:500 Spread0.08 pips for EUR/USD Trading PlatformMetaTrader 4 Min Deposit$10 Customer 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 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 Pros Cons Supports MetaTrader 4 Suspected Clone No fees for deposits or withdrawals Limited customer support methods Maximum leverage of 1:500Is 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. Regulatory Status Suspected Clone Regulated by South Africa Licensed Institution The Financial Sector Conduct Authority (FSCA) Licensed TypeFinancial Service Corporate Licensed Number52816What 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 0.08 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 Trading PlatformSupported Available Devices Suitable for MetaTrader 4✔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.