Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
LHFX Pros & Cons
- The minimum deposit is $10;
- Unlimited number of accounts for one trader;
- Tight spreads from 0.1 pips;
- Leverage is up to 1:500;
- Trading in any version of MT5 is available;
- Partnership program with favorable conditions;
- Automated trading is allowed.
- No cent accounts.
LHFX is an STP (Straight-Through Processing) and ECN broker (Electronic Communication Network) that provides access to the Forex and CFD markets to traders worldwide. Its clients can trade more than 174 financial instruments with leverage up to 1:500 and tight spreads. They can also earn by copying trades of experienced market participants in MetaTrader 5 (MT5). LHFX allows different trading styles, including scalping and hedging.
TU Expert Verdict
LHFX demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
LHFX User Reviews
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5-star
33%
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4-star
33%
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3-star
33%
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2-star
0%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of LHFX have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of LHFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, LHFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
LHFX Standard spreads LHFX OANDA IG Markets EUR/USD min, pips 0.3 0.1 0.6 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.6 GPB/USD max, pips 1.0 0.5 1.5 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
LHFX RAW/ECN spreads LHFX OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 2.3 EUR/USD avg spread 0.2 0.15 0.8 GBP/USD avg spread 0.2 0.2 1 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with LHFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
LHFX Non-Trading Fees LHFX OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 0 -
Is LHFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.5 /10LHFX has a safety score of 6.5/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 8 years
- Not tier-1 regulated
LHFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FSCA SA
Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 LHFX Security Factors Foundation date 2018 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.2 /10LHFX offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Exclusive VIP account with enhanced trading conditions
- Swap Free (Islamic) account
- No Cent account
- Micro lots are not available
LHFX account types vs top competitors LHFX Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP YesNoNoManaged NoNoNoLHFX accounts trading conditions
LHFX offers only one account type. At the same time, each trader can open any number of live accounts changing the leverage settings and the basic currency. For Muslim clients, swap-free or Islamic accounts are available. They are not subject to swaps, but to an administrative fee.
Account type:
Account Type Description MT5 ECN is an account for trading directly with liquidity providers. It allows you to trade with the tightest possible spreads but with a fee per lot. The demo account can be opened in any version of the trading platform. There are no limits on the number of available accounts. LHFX offers the same trading conditions to all of its clients, regardless of their experience and the equity amount.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10LHFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
LHFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- No deposit fee
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- Only major base currencies available
- PayPal not supported
- Wise not supported
What are LHFX deposit and withdrawal options?
LHFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, Skrill, Neteller, BTC, USDT.
LHFX Deposit and Withdrawal Methods vs Competitors LHFX Plus500 OANDA Bank Wire YesYesYesBank card NoYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are LHFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. LHFX supports the following base account currencies: USD, EUR, GBP, Bitcoin.
What are LHFX's minimum deposit and withdrawal amounts?
The minimum deposit on LHFX is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact LHFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10LHFX offers a limited selection of trading assets compared to the market average. The platform supports 174 assets in total, including 41 Forex pairs.
- Commodity futures are available
- Indices trading
- 41 supported currency pairs
- Bonds not available
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by LHFX with its competitors, making it easier for you to find the perfect fit.
LHFX Plus500 OANDA Currency pairs 41 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 174 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products LHFX offers for beginner traders and investors who prefer not to engage in active trading.
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Trading Account Opening
Score:We evaluated Trading Account Opening at LHFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with LHFX in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at LHFX is $10. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Fully online account opening process
- Low minimum deposit requirement
- Account setup process may feel less convenient for beginners
LHFX account opening LHFX Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is LHFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Below are brief instructions for registering with LHFX and creating a user account on its website:
The form for creating a trading account is available on the main page of the broker’s website. Enter your first and last names, email address, date of birth, and gender. Also, come up with a password and enter it twice in the form.
After submitting the completed form, confirm your email address by clicking the confirmation link in the email. Now you can enter your user account. For authorization, use your email address and a previously generated password.
Services available in the LHFX’s user account:
- Deposit.
- Two-Factor Authentication.
Additional features of LHFX’s user account:
- Downloading the trading platform or launching WebTrader;
- Creating a partner user account;
- Downloading the Affiliate Media Pack;
- Opening a demo account;
- Transferring money between active accounts;
- Submitting a request for withdrawal of Bitcoins.
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Customer Support
Score:We evaluated Customer Support at LHFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria7.3 /10LHFX provides generally reliable customer support with access through several contact options. Response times are acceptable, although occasional delays may occur.
In TU testing, support answered within a reasonable timeframe, and communication was mostly clear. While the overall service is stable, there is room for improvement in speed or consistency.
InformationLHFX’s support is available 24/7.
- Live chat is available to all traders without exception
- Quick responses in live chat
- The answers of operators are not informative
- It is impossible to contact representatives of a certain department
To contact the brokerage company, you can use:
- live chat;
- callback;
- email.
Clients and non-registered users have access to the same communication channels.
Contacts Foundation date 2018 Registration address Suite 102, 1st Floor, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius Regulation FSC (Mauritius ), FSCA Licence number:
GB23202204, 52816Official site https://lhfx.com/ Contacts help@lhfx.com
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FAQs
How is LHFX regulated and what is its safety score?
LHFX is regulated by the Financial Sector Conduct Authority of South Africa (FSCA SA), a Tier-2 regulator, and by the Financial Services Commission of Mauritius (FSC), a Tier-3 regulator. It has a safety score of 6.5/10, offers negative balance protection, and requires KYC verification, reflecting a medium security level under the Traders Union methodology (https://tradersunion.com/methodology-for-evaluation-of-brokers/).
What trading and non-trading fees does LHFX charge?
LHFX is assessed as having low overall fees, with a commissions score of 8/10. Standard account spreads for EUR/USD typically range from 0.3 to 0.8 pips and for GBP/USD from 0.5 to 1.0 pips, RAW/ECN accounts charge a $3 commission per lot with average EUR/USD and GBP/USD spreads of 0.2 pips, and there are no deposit, withdrawal, or inactivity fees listed.
What do user reviews say about LHFX?
LHFX has a user satisfaction score of 8/10 based on 3 reviews, with 33% of users giving 5 stars, 33% giving 4 stars, and 33% giving 3 stars. According to user reviews, overall impressions are mostly positive, with no 1-star or 2-star ratings reported.
How does account opening work with LHFX and what is the minimum deposit?
Opening a trading account with LHFX is fully online, with a typical registration time of about 8 minutes and KYC verification completed within 1 business day. The minimum deposit is $10, and the user area allows actions such as depositing funds, enabling two-factor authentication, opening demo accounts, transferring money between active accounts, and submitting Bitcoin withdrawal requests.
What customer support options does LHFX offer?
LHFX provides 24/7 customer support via live chat, callback, and email, and these channels are available to both clients and non-registered users. Live chat responses are generally quick, although answers may lack detail and it is not possible to contact specific departments directly.
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