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LHCM

United Kingdom|2-5 years|
Institution Forex License (STP)|High potential risk|

https://lhcm.uk/

Website

Rating Index

Contact

+44 20 3670 9945
info@lhcm.uk
https://lhcm.uk/
30 Churchill Place London E14 5REE 1 4 5 R E UNITED KINGDOM

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+44 20 3670 9945

Other ways of contact

Broker Information

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Company Name

LHCM Ltd

Abbreviation

LHCM

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 4
Previous Detection : 2024-11-05
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The United KingdomFCA regulation (license number: 620980) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The United KingdomFCA (Regulatory number: 789421) Institution Forex License (STP) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

LHCM · WikiFX Survey
Danger A Visit to LHCM in Malta -- Finding No Office
Malta

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LHCM · Company Summary

LHCM Basic Information
Company Name LHCM
Founded 2011
Headquarters United Kingdom
Regulations FCA(Regulated), FCA(Suspicious Clone)
Tradable Assets Stocks, ETFs, Currencies, Metals, Futures, Options, Bonds
Account Types Single Account
Minimum Deposit €10,000
Maximum Leverage Not specified
Spreads Variable starting from 0.3 pips
Commission Variable, starting from $0.02 for stocks & ETFs
Deposit Methods Bank cards, e-wallets, wire transfers, cryptocurrencies
Trading Platforms EXANTE, MT5 Desktop, and Mobile Trader
Customer Support Email: info@lhcm.ukPhone: +44 20 3670 9945
Education Resources Market updates, financial events
Bonus Offerings Not specified

Overview of LHCM

LHCM, also known as London Capital House, emerges as a brokerage firm with a wide array of trading instruments, including stocks & ETFs, currencies, futures, options and bonds. The brokerage purports to offer robust access to global markets through the EXANTE platform, designed for traders with its multi-device compatibility and low-latency network of servers.

Overview of LHCM

Is LHCM Legit?

The broker presents itself as regulated by the Financial Conduct Authority (FCA) in the United Kingdom with a license number 789421, indicating a status of compliance with regulatory standards. However, there is an alert of a “Suspicious Clone” concerning a different license number, 620980, which raises concerns about the potential misuse of regulatory information.

Is LHCM Legit?
Is LHCM Legit?

Pros and Cons

LHCM offers various tradable assets to trade on their user-friendly platform with 24/7 customer support. However, there are some drawbacks to consider. LHCM's regulation status is under suspicion and they only offer one account type with a high minimum deposit. Additionally, information on leverage limits is unclear.

Pros Cons
  • Wide range of tradable assets
  • NFA regulation status under suspicion
  • Access to the EXANTE platform
  • Only one account type
  • Multiple deposit methods
  • High minimum deposit
  • Potentially competitive spreads and commissions
  • Inadequate information on maximum leverage
  • 7/24 customer support

Trading Instruments

LHCM offers a comprehensive suite of financial products and services, including trading in stocks and ETFs, various currency pairs, precious metals, futures contracts, options, and bonds. This diverse portfolio enables investors to engage in a wide range of markets from a single platform.

Trading Instruments

Here is a comparison table of trading instruments offered by different brokers:

Broker Forex Commodities Crypto CFD Indices Stock ETF Options
LHCM Yes Yes No No No Yes Yes Yes
RoboForex Yes Yes Yes Yes Yes Yes Yes No
IC Markets Yes Yes Yes Yes Yes Yes No No
Exness Yes Yes Yes Yes Yes Yes No No

How to Open an Account

To open an account with LHCM, follow these steps.

  1. Visit the LHCM website. Look for the “Sign up” button on the homepage and click on it.

How to Open an Account
  1. Sign up on websites registration page.

How to Open an Account
  1. Receive your personal account login from an automated email

  2. Log in

  3. Proceed to deposit funds to your account

  4. Download the platform and start trading

Spreads and Commissions

LHCM's fee structure is detailed as follows:

- Stocks & ETFs: Charges begin from $0.02.

- Currencies: Spreads start from 0.3.

- Metals: Fees start from $3.

- Futures: Charges begin from $1.5.

- Options: Fees start from 1.5 basis points (bps).

- Bonds: Charges begin from 9 bps.

These fees are the starting points and may vary based on the market conditions and the trade sizes.

Spreads and Commissions

Trading Platforms

LHCM utilizes the EXANTE trading platform, which offers:

- Direct Market Access: Allows trading across all financial markets using a single multi-currency account.

- Wide Asset Range: Trade over 1 million assets, including stocks, ETFs, bonds, options, futures, metals, and currencies.

- Global Server Network: Maintains a network of 1,100 servers for low latency and secure data transfer.

- Multi-Device Compatibility: The platform is accessible via web, desktop applications for Windows, macOS, and Linux, as well as mobile apps for iOS and Android devices.

Trading Platforms

Customer Support

LHCM offers customer support with a physical address located at 30 Churchill Place, London E14 5RE. They can be reached by telephone at +44 20 3670 9945. For online inquiries, customers can contact them via email at info@lhcm.uk or visit their website at lhcm.uk for more information.

Customer Support

Educational Resources

LHCM provides educational resources in the form of regular “Market Updates” and information on financial “Events,” designed to keep traders informed about current market trends and significant occurrences that could impact their trading strategies.

Educational Resources

Conclusion

In the dynamic sphere of financial trading, LHCM presents itself with the allure of a diverse asset range and a sophisticated platform in EXANTE. However, the shades of doubt cast by the potential misuse of regulatory details cannot be ignored, posing serious concerns about the credibility and reliability of the brokerage. Despite the apparent allure of a multi-faceted trading portfolio and advanced technological offerings, the benefits may well be eclipsed by the fundamental need for verified regulatory compliance and transparency, which are the cornerstones of trust in the finance industry.

FAQs

Q: Is LHCM recognized by any financial regulatory bodies?

A: LHCM claims to be authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. However, there are suspicions regarding the authenticity of the license information provided, indicating potential clone firm activities.

Q: What types of financial instruments can I trade with LHCM?

A: LHCM provides a variety of financial instruments for trading, including stocks, exchange-traded funds (ETFs), various currency pairs, precious metals, futures contracts, a selection of options, and different types of bonds.

Q: How can I access LHCM's trading platform?

A: LHCM's trading platform can be accessed through multiple devices, including desktop computers and mobile phones, by using the EXANTE platform.

Q: What steps do I need to follow to open an account with LHCM?

A: To open an account with LHCM, visit their website, complete the sign-up process, and follow the instructions provided to set up your trading account.

Q: Are there any educational materials available through LHCM to help with trading?

A: Yes, LHCM offers educational content such as regular updates on market conditions and informational resources on noteworthy financial events to keep traders informed and assist with trading decisions.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Review 8

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