What Account Types and Fees Does LHFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| MT4 ECN Account |
All traders (beginners to professionals) |
Competitive spreads starting from 0.3 pips, commissions of $6 per lot, high leverage up to 1:500 |
Minimum deposit of $10, suitable for various trading strategies including scalping and hedging |
| Islamic Account |
Traders seeking swap-free options |
No swap fees, but an administrative fee applies |
Available for clients adhering to Islamic finance principles |
| Demo Account |
Beginner traders |
Simulated trading environment with no risk |
Useful for practicing strategies before trading live |
Account Opening Process
Opening an account with LHFX is straightforward and quick. Here’s a brief overview of the steps involved:
1. Personal Information Submission: Start by filling out the registration form with your name, email, and password.
2. Employment and Financial Information: Complete the KYC requirements, including relevant employment and financial details.
3. Identity Verification: Provide necessary documentation such as a government-issued ID and proof of address.
4. Account Flexibility: After initial setup, you can later upgrade your account to a professional type if eligible.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$6.00 per lot |
Competitive for major pairs |
| CFDs (Gold) |
0.1 |
$6.00 per lot |
Low spreads, high liquidity |
| Cryptos (BTC/USD) |
1.0% |
$6.00 per lot |
Variable depending on market conditions |
Other Fees
LHFX maintains a clear fee structure for its clients. Here are some additional costs to be aware of:
– Deposit/Withdrawal Fees: No internal fees for deposits or withdrawals; however, blockchain network fees may apply.
– Inactivity Fees: A $10 fee applies after 180 days of inactivity without deposits or trades.
– Platform Usage Fees: No additional fees for using the MetaTrader 4 platform.
– Overnight Interest (Swap Rates): Applicable for overnight positions, with rates varying based on the instrument.
– Currency Conversion Fees: Applicable when converting to and from Bitcoin, depending on the exchange used.
