A Review Of LH Crypto – Forex Trading Via Cryptocurrency

Overview

Many investors have done quite well trading in the Forex markets. And investors have also made big bucks trading in cryptocurrencies. So the large Forex and CFD broker, Larson & Holz decided to create an ICO to create a Forex trading start up which will allow traders to use cryptocurrency to trade in Forex.

Traders will use the popular Metatrader 4 and 5 software to trade in Forex and CFDs.

The goal of the LH Crypto ICO is to raise $10,000,000 to make an easy transition from Fiat trading money to cryptocurrency.

On February 1st, 2018, LH Crypto did meet their goal and the process is in place to switch to a crypto trading system.

Using the service

Just like trading at a normal Forex broker, LH Crypto will work the same way. The difference is, you only use cryptocurrency to trade in the markets.

This can be done using the LHCoin internal token, as well as Bitcoin and Ethereum,

This means you use an exterior wallet and transfer funds into your LH Crypto account.

Cost

There is no actual cost to join and the ICO is complete. But to trade in the markets, you will either have to use your LHCoin tokens or transfer Bitcoin or Ethereum to the platform.

Customer Service

The LH Crypto customer service is as good as it gets. You have live chat where you can get your questions answered quickly.

They also have an easy contact/ticket form on the contact page or you can send “snail mail” to the company secretary at their Hong Kong address.

Last but not least, LH Crypto has a phone number listed you can call.

Pros

Here are the pros as we see it with LH Crypto:

  • The owners, Larson & Holz have a good reputation with very few complains.
  • LH Crypto uses the popular Metatrader 4 and 5 platforms.
  • Broker guarantees at least a 20% win on the LHCoin
  • Decentralized trading

Cons

And the cons:

  • Offshore company
  • United States traders not allowed
  • Company is not licensed

Summary

While some ICOs fail from the starting gate, the idea behind LH Crypto makes good sense, and that is why they quickly gained their goal of $10,000,000.

Trading in Forex is not new. All this ICO is doing is making it possible to trade completely with cryptocurrency.

All in all, it seems like a wise ICO to get involved in.

The only big downfall I see is that the broker is not licensed. But they do have positive reviews.

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