Review of the LH-Crypto cryptocurrency exchange: analysis of opportunities and trader reviews
Why Pay Attention to LH-Crypto?
The cryptocurrency exchange LH-Crypto is of interest to traders despite not having a stable reputation in the market. The appeal of the platform lies in the speed of operations, anonymity, and wide selection of alternative currencies. The official website lh-crypto.biz offers diverse tools for traders, but opinions on the platform vary. Let’s delve into whether it’s worth paying special attention to this project and considering it as a potential investment opportunity.
General Information about LH-Crypto
Examining the origins of LH-Crypto, one can find a stable list of founders representing the well-known Larson&Holz broker in the cryptocurrency sphere. The parent company has been successfully operating in the Forex market for over 15 years, allowing for many reviews of the broker from experienced traders to be found.
The fact that the trademark is registered in Vanuatu raises some concerns. Analysts’ and clients’ reviews indicate that the Polynesian regulatory authorities do not pay adequate attention to the activities of firms registered in the country. Setting up a dealing center on the Pacific islands typically costs less than $10,000 in the first year. Subsequently, a sham exchange simply pays yearly fees, avoiding scrutiny of its operations.
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According to the company’s official website statement, LH-Crypto is subject to regulation by two regulatory bodies — Australian and Cypriot. This information seems more convincing: Australia strictly regulates the forex market, and Cyprus complies with EU norms, relinquishing its previous offshore zone status.
The LH-Crypto service operates internationally, providing free services in nearly all countries worldwide, except the US, DPRK, Sudan, and Syria.
The platform offers specialized software for trading in over-the-counter contracts.
LH-Crypto is not just a cryptocurrency exchange. Referring to it simply as a cryptocurrency exchange would be incorrect. Rather, it’s a hybrid brokerage center.
The options offered include:
- the ability to work with altcoins, not just BTC,
- standard operations with fiat currencies,
- trading oil, gold, silver, and other strategic assets,
- CFD contracts on “bullish” and “bearish” trends,
- transaction size exceeding the deposit by up to 100 times.
Portal Characteristics
The review starts with a mention of a significant drawback. Right on the main page of the official lh-crypto website, a premium offer with 1:500 leverage is mentioned. Such “gifts” are typically characteristic of fraudulent companies. This statement warrants further verification.
The main menu of the website is neatly designed and functional, containing a maximum of informational blocks. Sections include news, a detailed MetaTrader 5 guide with videos, descriptions of partnership and bonus programs. A key feature of a quality site is easy access to necessary information without extensive searching across the site.
A highly useful and convenient feature is a timer counting down to the release of important economic news. Traders visiting the portal can be informed about the time when the exchange will provide crucial market change information. Reviews on articles are absent.
Special mention goes to the regular video reviews of market trends. The material presentation style is moderately casual, drawing criticism from some users, but it provides sufficient information for decision-making. The number of reviews and video views is limited.
Partnership
Examining the partnership program reveals a wide range of agreements. The project aims to attract many web agents and presents a standard program for remote dealers. Opening legal entities is not required as all needs are addressed through the network. Primary clients who may benefit from LH-Crypto offers are mini-bloggers publishing commercial analytical reviews and small websites dedicated to cryptocurrencies.
Reviews from such sites are varied. On one hand, online partners are knowledgeable and can provide valuable information. On the other hand, commercial websites focusing on exchange activities (and cryptocurrencies) are seldom objective. Their goal is more to prove the superiority of the cryptocurrency exchange they collaborate with over other platforms. Finding objectivity on such resources is challenging.
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To participate in the web representation program through referrals, the official lh-crypto.biz site does not require additional bureaucracy. Any real trader account can be used as a partner, even without funds in the account. The system operates based on cookies — the referral link through your resource “remembers” that new visitors came through your partnership, and then the exchange starts the process of counting the attracted individuals for bonus calculations.
Referral payouts are not only prompt but also daily. Remuneration is calculated as a percentage and depends solely on the turnover of referred clients.
Partner Offices
Unlike many lesser-known projects, a full-fledged offline franchise is in operation here. An overview would be incomplete without discussing this partnership aspect. The profile section on the website offers a comprehensive agreement for partners outlining all details. The establishment of a consulting center with a physical office is proposed.
A brief review of the functions provided by the offline partnership program includes:
- personal partner cabinet,
- integrated CRM in Metatrader,
- marketing package with basic client base expansion offers,
- training, which may be required. There could be cases where the exchange trains personnel and can provide a dedicated development manager overseeing the region.
Official Website Reviews and LH-Crypto Project Overview
The trading community’s assessment of the project remains ambiguous. There are vehement remarks about the impossibility of normal trading on the LH-Crypto platform due to delays in withdrawing earned funds. Other clients claim they face no significant difficulties in working with the project. The overall rating on aggregators also doesn’t simplify the situation: some resources rate it two out of five stars, while others praise the platform.
There are few reviews in Russian about the broker. Despite substantial operational experience, the brand is not particularly popular in the post-Soviet space, so the database isn’t comprehensive. An objective evaluation will be possible only after increasing popularity.
Broker’s Final Evaluation
In conclusion, LH-Crypto presents itself as an intriguing platform for cryptocurrency trading with numerous opportunities. For instance, a full-fledged offline partnership is available to interested individuals, something not every broker offers. However, partnership reviews are not exhaustive, and the diversity of offerings can sometimes be bewildering. It’s challenging to believe in the adequacy of a 1:500 leverage since such “magic offers” are typically made by fly-by-night firms. Such leverage cannot be economically justified, so vigilant monitoring of the broker’s policies and communication with LH-Crypto representatives are necessary. We cannot unequivocally recommend LH-Crypto, but we also do not blacklist it. We welcome your reviews and comments on the broker.