BASIC INFORMATION:
Larson & Holz is a brokerage specialising in forex, CFDs and binary options trading. The broker offers Dealing Desk (DD) and Non-Dealing Desk (NDD) models with ECN and demo accounts available. Larson & Holz IT Limited was established in 2004, initially registered in the UK. The company is now registered in Saint Vincent and the Grenadines and has several offices across Russia, Europe, Asia, Latin America, and Africa.
REGULATORY INFROMATION: LICENSE
No valid regulatory information
Please be aware of the risk!
MARKETS
You can trade on forex, CFD shares, commodities and binary options at Larson & Holz:
· 24 currency pairs, including the EUR/USD
· 75 CFDs on global shares like Apple and Facebook
· 10 hard and soft commodities available, including gold, coffee, and oil
The broker also has a separate domain which specialises in crypto trading as well as some other assets.
SPREADS & COMMISSION
Average spreads for major pairs like the EUR/USD are around 1.2 pips. A $6 commission is charged per $100,000, which drops to as low as $1 with larger transaction orders.
Swap rates are applied to FX instruments and are fixed at 1 pip. An inactivity fee also applies on accounts left dormant for over 6 months or accounts opened via offline offices
LEVERAGE
Leverage for those trading forex instruments is capped at 1:100 and can be reduced to 1:1. For shares, the limit is 1:10 and for commodities, leverage is 1:50. Leverage also depends on your account balance. For balances of up to $1,000, leverage up to 1:500 is available. For balances between $1,000 and $10,000, leverage up to 1:200 is accessible
ACCOUNT TYPES
Larson & Holz support two account types: Classic (Dealing Desk) and NDD (Non-Dealing Desk). Each account comes with a choice of service classes: Start, Standard, and Pro.
Classic (DD) Start accounts require a minimum deposit of $250 and a trade size of 0.01 lots. Standard accounts are for more aggressive trading, offering up to 5% interest and requiring a minimum deposit of $1,000 and a trade size of 0.1 lots. The Pro account offers an annual interest of up to 10%. The minimum deposit is $10,000 and the minimum trade size is 1 lot.
PAYMENT METHODS
Deposits and withdrawals can be made via local bank transfer, credit card (Visa and Mastercard), and some electronic payment systems including Alipay and Easy Pay. Deposits are made in USD and withdrawals can be made in any currency.
The minimum deposit is $250 for the Start account, $1,000 for the Standard account, and $10,000 for the Pro account.
Processing times are 24 hours for all methods, except bank transfer which takes 2 – 3 days. With that said, bank transfer is the cheapest method at a $30 commission. Deposit commissions are fully compensated for other methods and can be used as bonus funds. Withdrawal costs are 2.5% for credit cards and 6% for all other methods
DEMO ACCOUNT
Larson & Holz offers a free demo account for the MT5 platform. Traders can utilize the platforms features to practice their trading strategy without investing real money.
TRADING PLATFORMS
Meta Trader 5
TRADING HOURS
Forex trading markets are available 24/5 Monday through to Friday. Trading hours are 14:30 – 21:00 for shares and 21:00 – 19:00 for commodities
CUSTOMER SUPPORT
There are several methods of contact available at Larson & Holz:
· Email – info@lh-broker.com
· Telephone – +852-3015-68-32
· Online contact form – Contact Us page
· Live chat
· Postal address
ACCEPTED COUNTRIES
Larson & Holz accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
