A cross-market platform called LH-Crypto says its service gives traders the opportunity to transact across a plethora of cryptocurrencies and 200 other financial instruments — including forex on fiat currencies, precious metals, shares and commodities.
Its beta version also enables users to participate in margin trading — a feature that it says helps distinguish its ecosystem from crypto exchanges. Not without risks, margin trading via LH-Crypto means members can make deals using sums 100 times larger than their account balance.
Traders can receive funds in cryptocurrencies or fiat — and if they top up their account using traditional currencies, this cash can be automatically converted into the crypto asset of their choosing.
LH-Crypto offers MetaTrader 5 for free in three different ways. In addition to desktop software for crypto trading that can run on Windows and Linux operating systems, a web-based terminal enables users to trade on the browser of their choosing — Google Chrome, Mozilla Firefox, Safari, Opera and Edge among them. Finally, a mobile-based trading platform geared toward professionals is available for iOS and Android users.
Four tiers of membership
In an attempt to appeal to crypto traders of varying experience levels and budgets, the team at LH-Crypto has devised four tiers of membership.
For those who want to put their strategies to the test in a simulated environment, Demo accounts enable traders to play with a fictitious deposit of 50,000 euros (about $57,000).
LH-CRYPTO is available
There are three tiers for real trades — Start, Standard and Pro — with minimum deposits of 10 euros, 500 euros and 10,000 euros respectively. The extent of the leverage available for crypto and forex trades,